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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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HOMECOMING FINANCIAL NETWORK
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOMECOMING FINANCIAL NETWORK |
| 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 | 218,853 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $39,011,625,000 |
| Average Mortgage Loan Amount Applied For | $122,876 |
| Highest Mortgage Loan Amount Applied For | $5,900,000 |
| Average Applicant Income | $63,923 |
| Highest Applicant Income | $5,229,000 |
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| Home Improvement |
284 | $26,610,000 |
$93,000 | $505,000 |
$65,000 | $581,000 |
| Home Purchase |
88,313 | $13,432,964,000 |
$152,000 | $3,000,000 |
$90,000 | $5,229,000 |
| Refinancing |
130,256 | $25,552,051,000 |
$196,000 | $5,900,000 |
$87,000 | $4,128,000 |
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| American Indian or Alaskan Native |
594 | $99,802,000 |
$168,000 | $1,000,000 |
$101,000 | $2,098,000 |
| Asian |
6,743 | $1,616,054,000 |
$239,000 | $2,660,000 |
$119,000 | $2,280,000 |
| Black or African American |
19,796 | $2,869,839,000 |
$144,000 | $1,920,000 |
$77,000 | $3,600,000 |
| Hispanic |
28,861 | $5,559,691,000 |
$192,000 | $2,695,000 |
$91,000 | $1,174,000 |
| Native Hawaiin or Other Pacific Islander |
1,027 | $241,655,000 |
$235,000 | $1,500,000 |
$106,000 | $719,000 |
| Not applicable |
11,977 | $1,990,663,000 |
$166,000 | $1,600,000 |
$0 | $0 |
| Not Provided |
27,215 | $5,281,868,000 |
$194,000 | $4,200,000 |
$90,000 | $4,128,000 |
| White |
122,640 | $21,352,053,000 |
$174,000 | $5,900,000 |
$96,000 | $5,229,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
218,784 | $39,002,211,000 |
$178,000 | $5,900,000 |
$88,000 | $5,229,000 |
| FHA-insured (Federal Housing Administration) |
62 | $7,913,000 |
$127,000 | $254,000 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
7 | $1,501,000 |
$214,000 | $343,000 |
$0 | $0 |
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| Application Approved But Not Accepted |
28,607 | $5,682,738,000 |
$198,000 | $4,500,000 |
$104,000 | $5,229,000 |
| Application Denied By Financial Institution |
15,419 | $2,547,960,000 |
$165,000 | $3,300,000 |
$96,000 | $3,600,000 |
| Application Withdrawn By Applicant |
3,013 | $467,095,000 |
$155,000 | $4,200,000 |
$53,000 | $1,992,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
159,837 | $28,323,169,000 |
$177,000 | $5,900,000 |
$92,000 | $4,128,000 |
| Loan Purchased By The Institution |
11,977 | $1,990,663,000 |
$166,000 | $1,600,000 |
$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 |
2,955 | $438,780,000 |
$148,000 | $1,820,000 |
$83,000 | $2,400,000 |
| Credit Application Incomplete |
1,623 | $237,886,000 |
$146,000 | $2,000,000 |
$46,000 | $778,000 |
| Credit History |
484 | $71,955,000 |
$148,000 | $1,295,000 |
$86,000 | $900,000 |
| Debt-To-Income Ratio |
2,256 | $349,564,000 |
$154,000 | $2,400,000 |
$76,000 | $1,440,000 |
| Employment History |
323 | $47,315,000 |
$146,000 | $996,000 |
$76,000 | $449,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
55 | $7,616,000 |
$138,000 | $439,000 |
$46,000 | $230,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
166 | $30,524,000 |
$183,000 | $1,170,000 |
$97,000 | $1,146,000 |
| Unverifiable Information |
927 | $183,401,000 |
$197,000 | $1,120,000 |
$111,000 | $2,400,000 |
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Mortgage Loan App Totals for HOMECOMING FINANCIAL NETWORK by:
Metropolitan Area And
County
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