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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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HOME EQUITY MORTGAGE CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOME EQUITY MORTGAGE CORP. |
| Address | 7333 CORAL WAY
MIAMI, FL 33155 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 262 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $31,714,000 |
| Average Mortgage Loan Amount Applied For | $109,812 |
| Highest Mortgage Loan Amount Applied For | $875,000 |
| Average Applicant Income | $128,125 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
24 | $3,882,000 |
$161,000 | $490,000 |
$147,000 | $960,000 |
| Refinancing |
238 | $27,832,000 |
$116,000 | $875,000 |
$108,000 | $1,200,000 |
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| American Indian or Alaskan Native |
1 | $300,000 |
$300,000 | $300,000 |
$132,000 | $132,000 |
| Asian |
1 | $50,000 |
$50,000 | $50,000 |
$122,000 | $122,000 |
| Black or African American |
60 | $5,856,000 |
$97,000 | $365,000 |
$65,000 | $235,000 |
| Hispanic |
106 | $12,025,000 |
$113,000 | $553,000 |
$126,000 | $1,200,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
1 | $30,000 |
$30,000 | $30,000 |
$36,000 | $36,000 |
| Not Provided |
39 | $4,349,000 |
$111,000 | $530,000 |
$113,000 | $1,200,000 |
| White |
54 | $9,104,000 |
$168,000 | $875,000 |
$136,000 | $960,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
262 | $31,714,000 |
$121,000 | $875,000 |
$112,000 | $1,200,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
46 | $6,080,000 |
$132,000 | $553,000 |
$123,000 | $1,200,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
7 | $496,000 |
$70,000 | $107,000 |
$91,000 | $132,000 |
| Loan Purchased By The Institution |
209 | $25,138,000 |
$120,000 | $875,000 |
$110,000 | $1,200,000 |
| 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 HOME EQUITY MORTGAGE CORP. by:
Metropolitan Area And
County
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