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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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IDEAL MORTGAGE BANKERS, LTD
Mortgage Loans and Application Details
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| Mortgage Company Name |
IDEAL MORTGAGE BANKERS, LTD |
| Address | 201 OLD COUNTRY ROAD
MELVILLE, NY 11747 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,609 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $969,605,000 |
| Average Mortgage Loan Amount Applied For | $194,748 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $72,419 |
| Highest Applicant Income | $840,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,947 | $529,442,000 |
$271,000 | $2,000,000 |
$84,000 | $645,000 |
| Refinancing |
1,697 | $447,374,000 |
$263,000 | $1,610,000 |
$78,000 | $840,000 |
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| American Indian or Alaskan Native |
6 | $801,000 |
$133,000 | $296,000 |
$45,000 | $98,000 |
| Asian |
24 | $7,364,000 |
$306,000 | $796,000 |
$103,000 | $225,000 |
| Black or African American |
1,692 | $441,344,000 |
$260,000 | $900,000 |
$72,000 | $480,000 |
| Hispanic |
892 | $269,285,000 |
$301,000 | $999,000 |
$89,000 | $540,000 |
| Native Hawaiin or Other Pacific Islander |
18 | $4,926,000 |
$273,000 | $628,000 |
$51,000 | $134,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
79 | $20,797,000 |
$263,000 | $687,000 |
$80,000 | $362,000 |
| White |
933 | $232,299,000 |
$248,000 | $2,000,000 |
$90,000 | $840,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,782 | $759,634,000 |
$273,000 | $2,000,000 |
$82,000 | $840,000 |
| FHA-insured (Federal Housing Administration) |
861 | $216,638,000 |
$251,000 | $680,000 |
$78,000 | $617,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $544,000 |
$544,000 | $544,000 |
$128,000 | $128,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
276 | $68,816,000 |
$249,000 | $680,000 |
$77,000 | $617,000 |
| Application Denied By Financial Institution |
86 | $22,133,000 |
$257,000 | $748,000 |
$86,000 | $222,000 |
| Application Withdrawn By Applicant |
1,086 | $288,122,000 |
$265,000 | $900,000 |
$78,000 | $645,000 |
| File Closed For Incompleteness |
1 | $168,000 |
$168,000 | $168,000 |
$60,000 | $60,000 |
| Loan Originated |
2,195 | $597,577,000 |
$272,000 | $2,000,000 |
$83,000 | $840,000 |
| 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 |
14 | $3,409,000 |
$243,000 | $626,000 |
$78,000 | $139,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $3,527,000 |
$251,000 | $594,000 |
$75,000 | $129,000 |
| Debt-To-Income Ratio |
10 | $2,421,000 |
$242,000 | $464,000 |
$81,000 | $154,000 |
| Employment History |
4 | $946,000 |
$236,000 | $352,000 |
$82,000 | $123,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $2,776,000 |
$252,000 | $540,000 |
$88,000 | $160,000 |
| Unverifiable Information |
1 | $327,000 |
$327,000 | $327,000 |
$114,000 | $114,000 |
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Mortgage Loan App Totals for IDEAL MORTGAGE BANKERS, LTD by:
Metropolitan Area And
County
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