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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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FIRST NLC FINANCIAL SERVICES,
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST NLC FINANCIAL SERVICES, |
| Address | 700 W. HILLSBORO BLVD. BLDG. 1 SUITE 204
DEERFIELD BEACH, FL 33441 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 266,408 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $48,344,129,000 |
| Average Mortgage Loan Amount Applied For | $130,540 |
| Highest Mortgage Loan Amount Applied For | $5,000,000 |
| Average Applicant Income | $34,837 |
| Highest Applicant Income | $3,000,000 |
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| Home Improvement |
43 | $4,559,000 |
$106,000 | $270,000 |
$42,000 | $500,000 |
| Home Purchase |
57,649 | $9,516,634,000 |
$165,000 | $4,988,000 |
$81,000 | $1,996,000 |
| Refinancing |
208,717 | $38,823,078,000 |
$186,000 | $5,000,000 |
$37,000 | $3,000,000 |
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| American Indian or Alaskan Native |
1,639 | $345,564,000 |
$210,000 | $1,300,000 |
$57,000 | $756,000 |
| Asian |
4,883 | $1,252,014,000 |
$256,000 | $3,055,000 |
$85,000 | $1,800,000 |
| Black or African American |
49,852 | $7,865,146,000 |
$157,000 | $4,000,000 |
$48,000 | $1,584,000 |
| Hispanic |
42,904 | $8,296,997,000 |
$193,000 | $4,800,000 |
$68,000 | $1,884,000 |
| Native Hawaiin or Other Pacific Islander |
1,771 | $452,537,000 |
$255,000 | $1,952,000 |
$71,000 | $1,556,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
58,452 | $11,515,105,000 |
$197,000 | $3,600,000 |
$33,000 | $1,920,000 |
| White |
106,908 | $18,616,908,000 |
$174,000 | $5,000,000 |
$41,000 | $3,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
266,409 | $48,344,271,000 |
$181,000 | $5,000,000 |
$46,000 | $3,000,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
30,236 | $5,565,123,000 |
$184,000 | $4,988,000 |
$88,000 | $1,800,000 |
| Application Denied By Financial Institution |
46,080 | $7,670,090,000 |
$166,000 | $4,800,000 |
$57,000 | $1,996,000 |
| Application Withdrawn By Applicant |
96,869 | $19,067,104,000 |
$196,000 | $5,000,000 |
$27,000 | $3,000,000 |
| File Closed For Incompleteness |
51,778 | $9,264,321,000 |
$178,000 | $4,000,000 |
$24,000 | $1,920,000 |
| Loan Originated |
39,759 | $6,508,344,000 |
$163,000 | $2,866,000 |
$77,000 | $1,884,000 |
| Loan Purchased By The Institution |
1,687 | $269,289,000 |
$159,000 | $700,000 |
$78,000 | $444,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST NLC FINANCIAL SERVICES, by:
Metropolitan Area And
County
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