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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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HOMESTEAD FUNDING CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOMESTEAD FUNDING CORP |
| Address | 8 AIRLINE DRIVE
ALBANY, NY 12205 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,992 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $420,252,000 |
| Average Mortgage Loan Amount Applied For | $144,469 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $59,418 |
| Highest Applicant Income | $1,909,000 |
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| Home Improvement |
14 | $936,000 |
$66,000 | $200,000 |
$74,000 | $229,000 |
| Home Purchase |
1,949 | $257,886,000 |
$132,000 | $800,000 |
$69,000 | $1,200,000 |
| Refinancing |
1,029 | $161,430,000 |
$156,000 | $2,000,000 |
$57,000 | $1,909,000 |
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| American Indian or Alaskan Native |
5 | $367,000 |
$73,000 | $145,000 |
$45,000 | $56,000 |
| Asian |
53 | $7,425,000 |
$140,000 | $417,000 |
$65,000 | $250,000 |
| Black or African American |
143 | $20,232,000 |
$141,000 | $462,000 |
$58,000 | $175,000 |
| Hispanic |
137 | $16,345,000 |
$119,000 | $324,000 |
$54,000 | $235,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $1,013,000 |
$168,000 | $252,000 |
$68,000 | $92,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
25 | $3,768,000 |
$150,000 | $353,000 |
$69,000 | $320,000 |
| White |
2,623 | $371,102,000 |
$141,000 | $2,000,000 |
$66,000 | $1,909,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,038 | $293,617,000 |
$144,000 | $2,000,000 |
$73,000 | $1,909,000 |
| FHA-insured (Federal Housing Administration) |
874 | $114,042,000 |
$130,000 | $323,000 |
$46,000 | $290,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
80 | $12,593,000 |
$157,000 | $306,000 |
$50,000 | $136,000 |
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| Application Approved But Not Accepted |
209 | $29,732,000 |
$142,000 | $414,000 |
$64,000 | $330,000 |
| Application Denied By Financial Institution |
144 | $15,884,000 |
$110,000 | $551,000 |
$54,000 | $413,000 |
| Application Withdrawn By Applicant |
250 | $38,812,000 |
$155,000 | $680,000 |
$73,000 | $400,000 |
| File Closed For Incompleteness |
9 | $1,750,000 |
$194,000 | $669,000 |
$256,000 | $1,909,000 |
| Loan Originated |
2,380 | $334,074,000 |
$140,000 | $2,000,000 |
$64,000 | $1,200,000 |
| 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 |
26 | $3,346,000 |
$128,000 | $551,000 |
$72,000 | $413,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $965,000 |
$120,000 | $220,000 |
$63,000 | $160,000 |
| Debt-To-Income Ratio |
13 | $1,359,000 |
$104,000 | $177,000 |
$48,000 | $111,000 |
| Employment History |
7 | $699,000 |
$99,000 | $189,000 |
$38,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $203,000 |
$203,000 | $203,000 |
$103,000 | $103,000 |
| Other |
5 | $401,000 |
$80,000 | $139,000 |
$40,000 | $84,000 |
| Unverifiable Information |
1 | $54,000 |
$54,000 | $54,000 |
$0 | $0 |
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Mortgage Loan App Totals for HOMESTEAD FUNDING CORP by:
Metropolitan Area And
County
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