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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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HOGAR MORTGAGE & FINANCIAL SER
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOGAR MORTGAGE & FINANCIAL SER |
| Address | 20 CRAIG ROAD
MONTVALE, NJ 07645 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 749 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $213,856,000 |
| Average Mortgage Loan Amount Applied For | $251,512 |
| Highest Mortgage Loan Amount Applied For | $678,000 |
| Average Applicant Income | $85,731 |
| Highest Applicant Income | $205,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
529 | $147,238,000 |
$278,000 | $678,000 |
$98,000 | $205,000 |
| Refinancing |
220 | $66,618,000 |
$302,000 | $633,000 |
$87,000 | $178,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $715,000 |
$357,000 | $572,000 |
$158,000 | $158,000 |
| Black or African American |
4 | $1,209,000 |
$302,000 | $354,000 |
$95,000 | $122,000 |
| Hispanic |
728 | $207,720,000 |
$285,000 | $678,000 |
$94,000 | $205,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
15 | $4,212,000 |
$280,000 | $471,000 |
$109,000 | $175,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
381 | $93,980,000 |
$246,000 | $648,000 |
$89,000 | $195,000 |
| FHA-insured (Federal Housing Administration) |
368 | $119,876,000 |
$325,000 | $678,000 |
$100,000 | $205,000 |
| 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 |
35 | $9,440,000 |
$269,000 | $633,000 |
$91,000 | $148,000 |
| Application Denied By Financial Institution |
119 | $33,707,000 |
$283,000 | $601,000 |
$92,000 | $178,000 |
| Application Withdrawn By Applicant |
47 | $13,947,000 |
$296,000 | $678,000 |
$85,000 | $205,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
548 | $156,762,000 |
$286,000 | $648,000 |
$96,000 | $195,000 |
| 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 |
55 | $15,825,000 |
$287,000 | $601,000 |
$90,000 | $164,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
21 | $6,475,000 |
$308,000 | $524,000 |
$97,000 | $147,000 |
| Debt-To-Income Ratio |
7 | $1,727,000 |
$246,000 | $503,000 |
$96,000 | $132,000 |
| Employment History |
7 | $1,963,000 |
$280,000 | $467,000 |
$96,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $1,312,000 |
$218,000 | $360,000 |
$83,000 | $108,000 |
| Mortgage Insurance Denied |
2 | $770,000 |
$385,000 | $471,000 |
$120,000 | $138,000 |
| Other |
17 | $4,309,000 |
$253,000 | $471,000 |
$89,000 | $178,000 |
| Unverifiable Information |
4 | $1,326,000 |
$331,000 | $405,000 |
$102,000 | $114,000 |
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Mortgage Loan App Totals for HOGAR MORTGAGE & FINANCIAL SER by:
Metropolitan Area And
County
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