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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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HSBC MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HSBC MORTGAGE CORPORATION |
| Address | 2929 WALDEN AVE
DEPEW, NY 14043 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 72,813 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,922,722,000 |
| Average Mortgage Loan Amount Applied For | $160,316 |
| Highest Mortgage Loan Amount Applied For | $50,000,000 |
| Average Applicant Income | $85,195 |
| Highest Applicant Income | $9,000,000 |
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| Home Improvement |
5,564 | $963,738,000 |
$173,000 | $50,000,000 |
$101,000 | $5,125,000 |
| Home Purchase |
38,086 | $8,142,519,000 |
$213,000 | $6,720,000 |
$102,000 | $9,000,000 |
| Refinancing |
29,777 | $6,940,020,000 |
$233,000 | $5,000,000 |
$99,000 | $7,259,000 |
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| American Indian or Alaskan Native |
228 | $49,673,000 |
$217,000 | $2,000,000 |
$115,000 | $1,728,000 |
| Asian |
8,912 | $2,846,886,000 |
$319,000 | $4,000,000 |
$129,000 | $4,791,000 |
| Black or African American |
5,521 | $1,084,003,000 |
$196,000 | $6,720,000 |
$79,000 | $3,589,000 |
| Hispanic |
6,516 | $1,541,549,000 |
$236,000 | $1,678,000 |
$97,000 | $6,000,000 |
| Native Hawaiin or Other Pacific Islander |
347 | $83,673,000 |
$241,000 | $1,000,000 |
$107,000 | $1,033,000 |
| Not applicable |
1,199 | $274,080,000 |
$228,000 | $650,000 |
$0 | $130,000 |
| Not Provided |
5,888 | $1,499,601,000 |
$254,000 | $50,000,000 |
$118,000 | $9,000,000 |
| White |
44,816 | $8,666,812,000 |
$193,000 | $5,000,000 |
$98,000 | $7,259,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
69,045 | $15,494,388,000 |
$224,000 | $50,000,000 |
$103,000 | $9,000,000 |
| FHA-insured (Federal Housing Administration) |
3,861 | $480,021,000 |
$124,000 | $570,000 |
$55,000 | $342,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
521 | $71,868,000 |
$137,000 | $417,000 |
$58,000 | $206,000 |
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| Application Approved But Not Accepted |
7,841 | $1,962,322,000 |
$250,000 | $5,000,000 |
$112,000 | $3,600,000 |
| Application Denied By Financial Institution |
5,627 | $1,054,604,000 |
$187,000 | $3,500,000 |
$95,000 | $2,232,000 |
| Application Withdrawn By Applicant |
1,599 | $423,794,000 |
$265,000 | $50,000,000 |
$131,000 | $6,000,000 |
| File Closed For Incompleteness |
8,253 | $1,806,024,000 |
$218,000 | $4,900,000 |
$90,000 | $6,000,000 |
| Loan Originated |
48,295 | $10,402,234,000 |
$215,000 | $50,000,000 |
$103,000 | $9,000,000 |
| Loan Purchased By The Institution |
1,198 | $273,744,000 |
$228,000 | $650,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
614 | $123,555,000 |
$201,000 | $1,930,000 |
$62,000 | $2,174,000 |
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| Collateral |
977 | $167,329,000 |
$171,000 | $1,900,000 |
$109,000 | $2,232,000 |
| Credit Application Incomplete |
28 | $8,955,000 |
$319,000 | $1,000,000 |
$117,000 | $408,000 |
| Credit History |
1,916 | $326,299,000 |
$170,000 | $3,500,000 |
$93,000 | $2,174,000 |
| Debt-To-Income Ratio |
1,867 | $366,511,000 |
$196,000 | $3,000,000 |
$66,000 | $492,000 |
| Employment History |
175 | $37,079,000 |
$211,000 | $2,000,000 |
$100,000 | $1,728,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
117 | $23,609,000 |
$201,000 | $656,000 |
$87,000 | $549,000 |
| Mortgage Insurance Denied |
4 | $420,000 |
$105,000 | $185,000 |
$38,000 | $67,000 |
| Other |
963 | $195,437,000 |
$202,000 | $2,286,000 |
$111,000 | $1,130,000 |
| Unverifiable Information |
194 | $52,520,000 |
$270,000 | $1,154,000 |
$138,000 | $1,084,000 |
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Mortgage Loan App Totals for HSBC MORTGAGE CORPORATION by:
Metropolitan Area And
County
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