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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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GMAC MORTGAGE LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
GMAC MORTGAGE LLC |
| Address | 4 WALNUT GROVE DRIVE
HORSHAM, PA 19044 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 558,192 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $96,007,331,000 |
| Average Mortgage Loan Amount Applied For | $115,412 |
| Highest Mortgage Loan Amount Applied For | $8,800,000 |
| Average Applicant Income | $41,428 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
21,950 | $1,275,554,000 |
$58,000 | $5,000,000 |
$62,000 | $6,000,000 |
| Home Purchase |
183,950 | $33,161,263,000 |
$180,000 | $6,300,000 |
$39,000 | $9,600,000 |
| Refinancing |
352,292 | $61,570,514,000 |
$174,000 | $8,800,000 |
$46,000 | $9,999,000 |
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| American Indian or Alaskan Native |
3,095 | $453,985,000 |
$146,000 | $3,418,000 |
$60,000 | $4,836,000 |
| Asian |
6,800 | $1,809,955,000 |
$266,000 | $2,538,000 |
$89,000 | $1,440,000 |
| Black or African American |
27,846 | $4,436,347,000 |
$159,000 | $3,150,000 |
$57,000 | $6,000,000 |
| Hispanic |
26,641 | $5,253,737,000 |
$197,000 | $3,110,000 |
$56,000 | $5,333,000 |
| Native Hawaiin or Other Pacific Islander |
1,242 | $312,143,000 |
$251,000 | $1,350,000 |
$87,000 | $7,200,000 |
| Not applicable |
154,781 | $24,992,277,000 |
$161,000 | $2,590,000 |
$0 | $0 |
| Not Provided |
133,123 | $23,235,294,000 |
$174,000 | $8,500,000 |
$52,000 | $9,999,000 |
| White |
204,664 | $35,513,593,000 |
$173,000 | $8,800,000 |
$68,000 | $9,600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
529,525 | $91,924,115,000 |
$173,000 | $8,800,000 |
$46,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
21,626 | $2,917,985,000 |
$134,000 | $569,000 |
$23,000 | $1,066,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
7,041 | $1,165,231,000 |
$165,000 | $594,000 |
$18,000 | $339,000 |
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| Application Approved But Not Accepted |
11,274 | $2,106,273,000 |
$186,000 | $4,000,000 |
$91,000 | $2,894,000 |
| Application Denied By Financial Institution |
118,747 | $18,043,558,000 |
$151,000 | $8,800,000 |
$64,000 | $9,999,000 |
| Application Withdrawn By Applicant |
62,952 | $11,432,650,000 |
$181,000 | $5,600,000 |
$81,000 | $7,380,000 |
| File Closed For Incompleteness |
42,097 | $7,325,274,000 |
$174,000 | $8,500,000 |
$79,000 | $9,999,000 |
| Loan Originated |
85,384 | $16,707,562,000 |
$195,000 | $3,900,000 |
$91,000 | $6,000,000 |
| Loan Purchased By The Institution |
237,738 | $40,392,014,000 |
$169,000 | $2,590,000 |
$0 | $208,000 |
| 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 |
9,560 | $1,453,165,000 |
$152,000 | $3,750,000 |
$72,000 | $1,614,000 |
| Credit Application Incomplete |
4,608 | $828,809,000 |
$179,000 | $1,775,000 |
$79,000 | $1,860,000 |
| Credit History |
60,498 | $8,093,198,000 |
$133,000 | $8,800,000 |
$64,000 | $9,600,000 |
| Debt-To-Income Ratio |
21,771 | $4,167,016,000 |
$191,000 | $6,130,000 |
$52,000 | $1,200,000 |
| Employment History |
904 | $150,708,000 |
$166,000 | $4,160,000 |
$70,000 | $3,660,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1,793 | $281,772,000 |
$157,000 | $1,198,000 |
$65,000 | $1,104,000 |
| Mortgage Insurance Denied |
4 | $518,000 |
$129,000 | $183,000 |
$48,000 | $80,000 |
| Other |
17,610 | $2,745,438,000 |
$155,000 | $6,300,000 |
$71,000 | $9,999,000 |
| Unverifiable Information |
1,989 | $321,711,000 |
$161,000 | $1,500,000 |
$70,000 | $1,200,000 |
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Mortgage Loan App Totals for GMAC MORTGAGE LLC by:
Metropolitan Area And
County
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