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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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MCS MORTGAGE BANKERS, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
MCS MORTGAGE BANKERS, INC |
| Address | 646 ROUTE 112
PATCHOGUE, NY 11772 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,190 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $297,293,000 |
| Average Mortgage Loan Amount Applied For | $210,921 |
| Highest Mortgage Loan Amount Applied For | $2,700,000 |
| Average Applicant Income | $125,328 |
| Highest Applicant Income | $1,800,000 |
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| Home Improvement |
1 | $250,000 |
$250,000 | $250,000 |
$233,000 | $233,000 |
| Home Purchase |
762 | $188,934,000 |
$247,000 | $2,700,000 |
$124,000 | $1,032,000 |
| Refinancing |
451 | $112,552,000 |
$249,000 | $1,531,000 |
$119,000 | $1,800,000 |
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| American Indian or Alaskan Native |
2 | $69,000 |
$34,000 | $51,000 |
$100,000 | $100,000 |
| Asian |
94 | $25,438,000 |
$270,000 | $1,400,000 |
$149,000 | $906,000 |
| Black or African American |
183 | $46,667,000 |
$255,000 | $1,531,000 |
$107,000 | $664,000 |
| Hispanic |
227 | $54,215,000 |
$238,000 | $1,425,000 |
$105,000 | $963,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $1,174,000 |
$195,000 | $354,000 |
$58,000 | $119,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
46 | $9,221,000 |
$200,000 | $675,000 |
$109,000 | $311,000 |
| White |
656 | $164,952,000 |
$251,000 | $2,700,000 |
$130,000 | $1,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,192 | $294,824,000 |
$247,000 | $2,700,000 |
$122,000 | $1,800,000 |
| FHA-insured (Federal Housing Administration) |
16 | $4,938,000 |
$308,000 | $518,000 |
$110,000 | $342,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
6 | $1,974,000 |
$329,000 | $384,000 |
$96,000 | $118,000 |
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| Application Approved But Not Accepted |
48 | $12,516,000 |
$260,000 | $1,600,000 |
$110,000 | $696,000 |
| Application Denied By Financial Institution |
29 | $6,328,000 |
$218,000 | $560,000 |
$150,000 | $453,000 |
| Application Withdrawn By Applicant |
352 | $92,542,000 |
$262,000 | $2,700,000 |
$118,000 | $1,032,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
785 | $190,350,000 |
$242,000 | $1,531,000 |
$124,000 | $1,800,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MCS MORTGAGE BANKERS, INC by:
Metropolitan Area And
County
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