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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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LONG ISLAND MORTGAGE GROUP
Mortgage Loans and Application Details
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| Mortgage Company Name |
LONG ISLAND MORTGAGE GROUP |
| Address | 350 MOTOR PARKWAY, SUITE 200
HAUPPAUGE, NY 11788 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 439 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $107,428,000 |
| Average Mortgage Loan Amount Applied For | $249,100 |
| Highest Mortgage Loan Amount Applied For | $756,000 |
| Average Applicant Income | $164,700 |
| Highest Applicant Income | $810,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
316 | $79,261,000 |
$250,000 | $756,000 |
$91,000 | $810,000 |
| Refinancing |
123 | $28,167,000 |
$229,000 | $700,000 |
$96,000 | $413,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
15 | $4,942,000 |
$329,000 | $756,000 |
$96,000 | $218,000 |
| Black or African American |
26 | $5,969,000 |
$229,000 | $645,000 |
$70,000 | $150,000 |
| Hispanic |
99 | $23,919,000 |
$241,000 | $624,000 |
$56,000 | $167,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $160,000 |
$160,000 | $160,000 |
$146,000 | $146,000 |
| Not applicable |
3 | $481,000 |
$160,000 | $259,000 |
$142,000 | $181,000 |
| Not Provided |
3 | $497,000 |
$165,000 | $334,000 |
$123,000 | $134,000 |
| White |
292 | $71,460,000 |
$244,000 | $700,000 |
$118,000 | $810,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
397 | $97,129,000 |
$244,000 | $756,000 |
$101,000 | $810,000 |
| FHA-insured (Federal Housing Administration) |
42 | $10,299,000 |
$245,000 | $295,000 |
$58,000 | $123,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
19 | $4,057,000 |
$213,000 | $334,000 |
$63,000 | $167,000 |
| Application Denied By Financial Institution |
35 | $8,221,000 |
$234,000 | $624,000 |
$78,000 | $180,000 |
| Application Withdrawn By Applicant |
66 | $14,009,000 |
$212,000 | $500,000 |
$72,000 | $300,000 |
| File Closed For Incompleteness |
41 | $10,787,000 |
$263,000 | $700,000 |
$110,000 | $810,000 |
| Loan Originated |
278 | $70,354,000 |
$253,000 | $756,000 |
$107,000 | $605,000 |
| 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 |
13 | $2,861,000 |
$220,000 | $624,000 |
$88,000 | $154,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $1,304,000 |
$217,000 | $334,000 |
$89,000 | $134,000 |
| Debt-To-Income Ratio |
4 | $1,324,000 |
$331,000 | $619,000 |
$104,000 | $180,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $422,000 |
$211,000 | $264,000 |
$44,000 | $47,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $1,775,000 |
$221,000 | $325,000 |
$50,000 | $115,000 |
| Unverifiable Information |
1 | $285,000 |
$285,000 | $285,000 |
$89,000 | $89,000 |
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Mortgage Loan App Totals for LONG ISLAND MORTGAGE GROUP by:
Metropolitan Area And
County
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