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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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MADISON EQUITY CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MADISON EQUITY CORPORATION |
| Address | 20 E. CLEMENTON ROAD
GIBBSBORO, NJ 08026 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,390 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $452,217,000 |
| Average Mortgage Loan Amount Applied For | $194,228 |
| Highest Mortgage Loan Amount Applied For | $2,030,000 |
| Average Applicant Income | $68,548 |
| Highest Applicant Income | $2,196,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
55 | $14,245,000 |
$259,000 | $1,750,000 |
$122,000 | $1,860,000 |
| Refinancing |
2,335 | $437,972,000 |
$187,000 | $2,030,000 |
$60,000 | $2,196,000 |
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| American Indian or Alaskan Native |
3 | $458,000 |
$152,000 | $249,000 |
$36,000 | $54,000 |
| Asian |
21 | $3,842,000 |
$182,000 | $286,000 |
$59,000 | $146,000 |
| Black or African American |
504 | $85,490,000 |
$169,000 | $1,750,000 |
$63,000 | $1,860,000 |
| Hispanic |
199 | $36,868,000 |
$185,000 | $1,015,000 |
$61,000 | $312,000 |
| Native Hawaiin or Other Pacific Islander |
10 | $2,464,000 |
$246,000 | $525,000 |
$83,000 | $240,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
638 | $120,556,000 |
$188,000 | $1,453,000 |
$39,000 | $450,000 |
| White |
1,015 | $202,539,000 |
$199,000 | $2,030,000 |
$74,000 | $2,196,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,390 | $452,217,000 |
$189,000 | $2,030,000 |
$61,000 | $2,196,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
6 | $1,271,000 |
$211,000 | $300,000 |
$50,000 | $99,000 |
| Application Denied By Financial Institution |
1,079 | $212,471,000 |
$196,000 | $2,030,000 |
$67,000 | $2,196,000 |
| Application Withdrawn By Applicant |
578 | $111,650,000 |
$193,000 | $1,875,000 |
$57,000 | $1,020,000 |
| File Closed For Incompleteness |
127 | $23,160,000 |
$182,000 | $618,000 |
$52,000 | $250,000 |
| Loan Originated |
600 | $103,665,000 |
$172,000 | $1,400,000 |
$57,000 | $535,000 |
| 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 |
328 | $61,375,000 |
$187,000 | $1,453,000 |
$75,000 | $1,017,000 |
| Credit Application Incomplete |
316 | $60,672,000 |
$192,000 | $2,030,000 |
$47,000 | $2,196,000 |
| Credit History |
69 | $16,283,000 |
$235,000 | $1,400,000 |
$61,000 | $482,000 |
| Debt-To-Income Ratio |
64 | $11,705,000 |
$182,000 | $975,000 |
$59,000 | $408,000 |
| Employment History |
12 | $2,667,000 |
$222,000 | $1,080,000 |
$67,000 | $288,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
69 | $12,277,000 |
$177,000 | $500,000 |
$77,000 | $337,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
180 | $40,021,000 |
$222,000 | $1,750,000 |
$88,000 | $1,860,000 |
| Unverifiable Information |
35 | $6,503,000 |
$185,000 | $795,000 |
$63,000 | $300,000 |
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Mortgage Loan App Totals for MADISON EQUITY CORPORATION by:
Metropolitan Area And
County
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