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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 RESIDENTIAL MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST RESIDENTIAL MORTGAGE |
| Address | 570 SYLVANE AVE
ENGLEWOOD CLIFFS, NJ 07632 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 6,219 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,260,653,000 |
| Average Mortgage Loan Amount Applied For | $169,394 |
| Highest Mortgage Loan Amount Applied For | $1,873,000 |
| Average Applicant Income | $79,798 |
| Highest Applicant Income | $3,360,000 |
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| Home Improvement |
17 | $3,909,000 |
$229,000 | $466,000 |
$103,000 | $312,000 |
| Home Purchase |
4,774 | $907,455,000 |
$190,000 | $1,497,000 |
$81,000 | $1,407,000 |
| Refinancing |
1,461 | $355,126,000 |
$243,000 | $1,873,000 |
$91,000 | $3,360,000 |
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| American Indian or Alaskan Native |
19 | $4,878,000 |
$256,000 | $1,225,000 |
$163,000 | $1,407,000 |
| Asian |
134 | $35,647,000 |
$266,000 | $1,190,000 |
$106,000 | $839,000 |
| Black or African American |
364 | $72,468,000 |
$199,000 | $1,089,000 |
$78,000 | $243,000 |
| Hispanic |
5,093 | $1,015,283,000 |
$199,000 | $1,873,000 |
$81,000 | $3,360,000 |
| Native Hawaiin or Other Pacific Islander |
17 | $3,413,000 |
$200,000 | $416,000 |
$96,000 | $182,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
193 | $41,692,000 |
$216,000 | $1,000,000 |
$91,000 | $502,000 |
| White |
432 | $93,109,000 |
$215,000 | $1,125,000 |
$105,000 | $1,364,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,925 | $1,169,717,000 |
$197,000 | $1,873,000 |
$84,000 | $3,360,000 |
| FHA-insured (Federal Housing Administration) |
319 | $94,316,000 |
$295,000 | $639,000 |
$86,000 | $265,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8 | $2,457,000 |
$307,000 | $414,000 |
$96,000 | $162,000 |
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| Application Approved But Not Accepted |
103 | $25,438,000 |
$246,000 | $639,000 |
$73,000 | $544,000 |
| Application Denied By Financial Institution |
602 | $126,698,000 |
$210,000 | $1,125,000 |
$89,000 | $1,364,000 |
| Application Withdrawn By Applicant |
1,184 | $250,974,000 |
$211,000 | $1,497,000 |
$91,000 | $3,360,000 |
| File Closed For Incompleteness |
55 | $15,572,000 |
$283,000 | $783,000 |
$62,000 | $225,000 |
| Loan Originated |
4,308 | $847,808,000 |
$196,000 | $1,873,000 |
$82,000 | $1,407,000 |
| 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 |
99 | $21,942,000 |
$221,000 | $1,125,000 |
$103,000 | $750,000 |
| Credit Application Incomplete |
167 | $35,983,000 |
$215,000 | $805,000 |
$89,000 | $932,000 |
| Credit History |
85 | $16,098,000 |
$189,000 | $600,000 |
$80,000 | $1,364,000 |
| Debt-To-Income Ratio |
24 | $5,757,000 |
$239,000 | $820,000 |
$101,000 | $184,000 |
| Employment History |
15 | $1,957,000 |
$130,000 | $336,000 |
$55,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
27 | $4,610,000 |
$170,000 | $599,000 |
$85,000 | $228,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
90 | $20,367,000 |
$226,000 | $752,000 |
$77,000 | $502,000 |
| Unverifiable Information |
48 | $10,150,000 |
$211,000 | $1,014,000 |
$98,000 | $399,000 |
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Mortgage Loan App Totals for FIRST RESIDENTIAL MORTGAGE by:
Metropolitan Area And
County
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