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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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MASTER MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
MASTER MORTGAGE CORPORATION |
| Address | 280 DOMENECH AVE. BALDRICH DEV.
SAN JUAN, PR 00918 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,298 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $129,646,000 |
| Average Mortgage Loan Amount Applied For | $99,900 |
| Highest Mortgage Loan Amount Applied For | $1,395,000 |
| Average Applicant Income | $51,928 |
| Highest Applicant Income | $663,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
894 | $86,071,000 |
$96,000 | $1,395,000 |
$49,000 | $663,000 |
| Refinancing |
404 | $43,575,000 |
$107,000 | $413,000 |
$49,000 | $382,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
2 | $194,000 |
$97,000 | $150,000 |
$29,000 | $29,000 |
| Hispanic |
1,296 | $129,452,000 |
$99,000 | $1,395,000 |
$49,000 | $663,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,199 | $119,341,000 |
$99,000 | $1,395,000 |
$52,000 | $663,000 |
| FHA-insured (Federal Housing Administration) |
30 | $3,220,000 |
$107,000 | $182,000 |
$43,000 | $175,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
62 | $6,202,000 |
$100,000 | $209,000 |
$34,000 | $69,000 |
| VA-guaranteed (Veterans Administration) |
7 | $883,000 |
$126,000 | $189,000 |
$41,000 | $56,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
140 | $14,973,000 |
$106,000 | $419,000 |
$47,000 | $361,000 |
| Application Withdrawn By Applicant |
449 | $41,919,000 |
$93,000 | $720,000 |
$46,000 | $420,000 |
| File Closed For Incompleteness |
41 | $5,088,000 |
$124,000 | $1,395,000 |
$69,000 | $663,000 |
| Loan Originated |
668 | $67,666,000 |
$101,000 | $617,000 |
$49,000 | $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 |
22 | $2,124,000 |
$96,000 | $419,000 |
$49,000 | $361,000 |
| Credit Application Incomplete |
6 | $546,000 |
$91,000 | $172,000 |
$93,000 | $311,000 |
| Credit History |
70 | $7,867,000 |
$112,000 | $344,000 |
$47,000 | $234,000 |
| Debt-To-Income Ratio |
15 | $1,693,000 |
$112,000 | $171,000 |
$36,000 | $64,000 |
| Employment History |
5 | $578,000 |
$115,000 | $176,000 |
$36,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $255,000 |
$63,000 | $135,000 |
$49,000 | $84,000 |
| Mortgage Insurance Denied |
1 | $104,000 |
$104,000 | $104,000 |
$24,000 | $24,000 |
| Other |
17 | $1,806,000 |
$106,000 | $200,000 |
$40,000 | $105,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MASTER MORTGAGE CORPORATION by:
Metropolitan Area And
County
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