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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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LENDERS ASSOCIATION, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
LENDERS ASSOCIATION, INC. |
| Address | 110 KRESSON-GIBBSBORO ROAD SUITE 9
VOORHEES, NJ 08043 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 249 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $54,220,000 |
| Average Mortgage Loan Amount Applied For | $227,975 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $98,800 |
| Highest Applicant Income | $1,860,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
153 | $31,837,000 |
$208,000 | $1,500,000 |
$110,000 | $1,860,000 |
| Refinancing |
96 | $22,383,000 |
$233,000 | $1,200,000 |
$94,000 | $389,000 |
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| American Indian or Alaskan Native |
1 | $77,000 |
$77,000 | $77,000 |
$64,000 | $64,000 |
| Asian |
4 | $1,787,000 |
$446,000 | $750,000 |
$194,000 | $389,000 |
| Black or African American |
46 | $9,440,000 |
$205,000 | $1,500,000 |
$78,000 | $312,000 |
| Hispanic |
25 | $6,217,000 |
$248,000 | $600,000 |
$91,000 | $213,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
173 | $36,699,000 |
$212,000 | $1,200,000 |
$111,000 | $1,860,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
203 | $45,986,000 |
$226,000 | $1,500,000 |
$113,000 | $1,860,000 |
| FHA-insured (Federal Housing Administration) |
41 | $7,259,000 |
$177,000 | $332,000 |
$68,000 | $255,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
5 | $975,000 |
$195,000 | $286,000 |
$56,000 | $101,000 |
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| Application Approved But Not Accepted |
32 | $9,392,000 |
$293,000 | $640,000 |
$129,000 | $420,000 |
| Application Denied By Financial Institution |
35 | $6,292,000 |
$179,000 | $441,000 |
$85,000 | $300,000 |
| Application Withdrawn By Applicant |
51 | $11,888,000 |
$233,000 | $1,500,000 |
$145,000 | $1,860,000 |
| File Closed For Incompleteness |
1 | $138,000 |
$138,000 | $138,000 |
$83,000 | $83,000 |
| Loan Originated |
130 | $26,510,000 |
$203,000 | $1,200,000 |
$87,000 | $321,000 |
| 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 |
6 | $975,000 |
$162,000 | $441,000 |
$78,000 | $191,000 |
| Credit Application Incomplete |
1 | $145,000 |
$145,000 | $145,000 |
$74,000 | $74,000 |
| Credit History |
4 | $947,000 |
$236,000 | $378,000 |
$92,000 | $127,000 |
| Debt-To-Income Ratio |
5 | $937,000 |
$187,000 | $310,000 |
$75,000 | $103,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $1,610,000 |
$161,000 | $300,000 |
$89,000 | $199,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for LENDERS ASSOCIATION, INC. by:
Metropolitan Area And
County
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