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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 REPUBLIC MORTGAGE CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST REPUBLIC MORTGAGE CORP. |
| Address | 2661 RIVA ROAD BLDG. 1000
ANNAPOLIS, MD 21401 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 2,234 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $551,781,000 |
| Average Mortgage Loan Amount Applied For | $234,333 |
| Highest Mortgage Loan Amount Applied For | $3,680,000 |
| Average Applicant Income | $115,696 |
| Highest Applicant Income | $1,712,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,341 | $316,497,000 |
$227,000 | $1,556,000 |
$129,857 | $1,712,000 |
| Refinancing |
911 | $239,342,000 |
$283,166 | $3,680,000 |
$109,833 | $760,000 |
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| American Indian or Alaskan Native |
3 | $1,237,000 |
$412,000 | $540,000 |
$117,000 | $139,000 |
| Asian |
37 | $8,766,000 |
$407,000 | $898,000 |
$306,666 | $588,000 |
| Black or African American |
388 | $80,538,000 |
$220,500 | $720,000 |
$93,500 | $453,000 |
| Hispanic |
71 | $15,474,000 |
$183,500 | $1,444,000 |
$68,250 | $704,000 |
| Native Hawaiin or Other Pacific Islander |
30 | $4,710,000 |
$181,333 | $387,000 |
$196,333 | $437,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
278 | $76,537,000 |
$318,000 | $1,556,000 |
$104,500 | $856,000 |
| White |
1,445 | $368,577,000 |
$264,000 | $3,680,000 |
$161,142 | $1,712,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,190 | $543,764,000 |
$244,714 | $3,680,000 |
$138,142 | $1,712,000 |
| FHA-insured (Federal Housing Administration) |
42 | $7,482,000 |
$168,666 | $293,000 |
$34,666 | $198,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $60,000 |
$60,000 | $60,000 |
$83,000 | $83,000 |
| VA-guaranteed (Veterans Administration) |
19 | $4,533,000 |
$258,333 | $360,000 |
$58,666 | $100,000 |
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| Application Approved But Not Accepted |
14 | $2,412,000 |
$148,000 | $525,000 |
$103,000 | $212,000 |
| Application Denied By Financial Institution |
27 | $5,490,000 |
$166,750 | $560,000 |
$99,500 | $450,000 |
| Application Withdrawn By Applicant |
210 | $53,171,000 |
$293,400 | $1,000,000 |
$111,600 | $832,000 |
| File Closed For Incompleteness |
91 | $21,423,000 |
$232,750 | $744,000 |
$101,750 | $684,000 |
| Loan Originated |
1,910 | $473,343,000 |
$237,714 | $3,680,000 |
$138,571 | $1,712,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
5 | $1,142,000 |
$205,500 | $479,000 |
$159,000 | $300,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $1,003,000 |
$200,000 | $560,000 |
$66,000 | $129,000 |
| Debt-To-Income Ratio |
3 | $368,000 |
$122,000 | $207,000 |
$116,000 | $164,000 |
| Employment History |
1 | $220,000 |
$220,000 | $220,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $277,000 |
$138,000 | $222,000 |
$90,000 | $90,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $157,000 |
$157,000 | $157,000 |
$60,000 | $60,000 |
| Unverifiable Information |
2 | $342,000 |
$171,000 | $274,000 |
$68,000 | $68,000 |
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Mortgage Loan App Totals for FIRST REPUBLIC MORTGAGE CORP. by:
Metropolitan Area And
County
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