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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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K. HOVNANIAN AMERICAN MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
K. HOVNANIAN AMERICAN MORTGAGE |
| Address | 3601 QUANTUM BOULDVARD
BOYNTON BEACH, FL 33426 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 16,260 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,613,365,000 |
| Average Mortgage Loan Amount Applied For | $258,764 |
| Highest Mortgage Loan Amount Applied For | $1,752,000 |
| Average Applicant Income | $126,016 |
| Highest Applicant Income | $2,299,000 |
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| Home Improvement |
1 | $71,000 |
$71,000 | $71,000 |
$84,000 | $84,000 |
| Home Purchase |
16,605 | $3,687,590,000 |
$222,000 | $1,752,000 |
$106,000 | $2,299,000 |
| Refinancing |
49 | $12,348,000 |
$252,000 | $687,000 |
$117,000 | $476,000 |
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| American Indian or Alaskan Native |
42 | $9,043,000 |
$215,000 | $783,000 |
$108,000 | $360,000 |
| Asian |
1,596 | $406,216,000 |
$254,000 | $1,382,000 |
$115,000 | $1,094,000 |
| Black or African American |
1,756 | $370,257,000 |
$210,000 | $1,500,000 |
$91,000 | $845,000 |
| Hispanic |
2,476 | $507,725,000 |
$205,000 | $1,200,000 |
$84,000 | $1,080,000 |
| Native Hawaiin or Other Pacific Islander |
70 | $15,519,000 |
$221,000 | $1,200,000 |
$117,000 | $480,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4,184 | $940,715,000 |
$224,000 | $1,710,000 |
$109,000 | $1,640,000 |
| White |
6,531 | $1,450,534,000 |
$222,000 | $1,752,000 |
$115,000 | $2,299,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
15,710 | $3,530,009,000 |
$224,000 | $1,752,000 |
$109,000 | $2,299,000 |
| FHA-insured (Federal Housing Administration) |
753 | $125,970,000 |
$167,000 | $368,000 |
$64,000 | $408,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
192 | $44,030,000 |
$229,000 | $417,000 |
$80,000 | $224,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
284 | $66,488,000 |
$234,000 | $1,350,000 |
$78,000 | $377,000 |
| Application Withdrawn By Applicant |
6,408 | $1,509,342,000 |
$235,000 | $1,752,000 |
$109,000 | $2,299,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
9,961 | $2,123,498,000 |
$213,000 | $1,358,000 |
$106,000 | $1,640,000 |
| 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 |
2 | $681,000 |
$340,000 | $391,000 |
$85,000 | $103,000 |
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| Collateral |
2 | $209,000 |
$104,000 | $176,000 |
$64,000 | $64,000 |
| Credit Application Incomplete |
1 | $29,000 |
$29,000 | $29,000 |
$84,000 | $84,000 |
| Credit History |
115 | $26,334,000 |
$228,000 | $904,000 |
$73,000 | $360,000 |
| Debt-To-Income Ratio |
91 | $19,303,000 |
$212,000 | $735,000 |
$81,000 | $377,000 |
| Employment History |
21 | $5,935,000 |
$282,000 | $858,000 |
$85,000 | $230,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
10 | $5,148,000 |
$514,000 | $1,350,000 |
$114,000 | $360,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
17 | $3,991,000 |
$234,000 | $976,000 |
$66,000 | $120,000 |
| Unverifiable Information |
29 | $6,220,000 |
$214,000 | $550,000 |
$81,000 | $210,000 |
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Mortgage Loan App Totals for K. HOVNANIAN AMERICAN MORTGAGE by:
Metropolitan Area And
County
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