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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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HOME EQUITY OF AMERICA
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOME EQUITY OF AMERICA |
| Address | 5001 KINGSLEY DRIVE MD 1MOB2W
CINCINNATI, OH 45227 |
| Agency | Federal Reserve System (FRS) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 |
| Total Number of Mortgage Loan Applications Processed | 2,004 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $156,706,000 |
| Average Mortgage Loan Amount Applied For | $76,456 |
| Highest Mortgage Loan Amount Applied For | $790,000 |
| Average Applicant Income | $94,223 |
| Highest Applicant Income | $3,196,000 |
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| Home Improvement |
92 | $6,103,000 |
$66,000 | $595,000 |
$99,000 | $810,000 |
| Home Purchase |
479 | $31,635,000 |
$66,000 | $790,000 |
$115,000 | $784,000 |
| Refinancing |
1,433 | $118,968,000 |
$83,000 | $580,000 |
$98,000 | $3,196,000 |
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| American Indian or Alaskan Native |
4 | $168,000 |
$42,000 | $69,000 |
$73,000 | $81,000 |
| Asian |
37 | $3,480,000 |
$94,000 | $480,000 |
$110,000 | $471,000 |
| Black or African American |
123 | $10,877,000 |
$88,000 | $510,000 |
$129,000 | $3,196,000 |
| Hispanic |
86 | $7,188,000 |
$83,000 | $518,000 |
$95,000 | $312,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $714,000 |
$119,000 | $230,000 |
$189,000 | $321,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
152 | $13,360,000 |
$87,000 | $745,000 |
$105,000 | $784,000 |
| White |
1,596 | $120,919,000 |
$75,000 | $790,000 |
$100,000 | $1,250,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,004 | $156,706,000 |
$78,000 | $790,000 |
$102,000 | $3,196,000 |
| 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 |
35 | $2,334,000 |
$66,000 | $207,000 |
$85,000 | $195,000 |
| Application Denied By Financial Institution |
1,244 | $103,451,000 |
$83,000 | $790,000 |
$104,000 | $3,196,000 |
| Application Withdrawn By Applicant |
8 | $590,000 |
$73,000 | $125,000 |
$91,000 | $173,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
717 | $50,331,000 |
$70,000 | $400,000 |
$100,000 | $810,000 |
| 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 |
180 | $16,248,000 |
$90,000 | $790,000 |
$120,000 | $3,196,000 |
| Credit Application Incomplete |
520 | $41,187,000 |
$79,000 | $580,000 |
$98,000 | $785,000 |
| Credit History |
233 | $19,871,000 |
$85,000 | $555,000 |
$104,000 | $732,000 |
| Debt-To-Income Ratio |
147 | $11,851,000 |
$80,000 | $391,000 |
$87,000 | $378,000 |
| Employment History |
16 | $1,348,000 |
$84,000 | $160,000 |
$105,000 | $287,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
36 | $3,617,000 |
$100,000 | $450,000 |
$135,000 | $1,250,000 |
| Unverifiable Information |
112 | $9,329,000 |
$83,000 | $480,000 |
$118,000 | $683,000 |
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Mortgage Loan App Totals for HOME EQUITY OF AMERICA by:
Metropolitan Area And
County
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