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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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MERRILL LYNCH CREDIT CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MERRILL LYNCH CREDIT CORP. |
| Address | 4802 DEER LAKE DRIVE EAST BLDG 3
JACKSONVILLE, FL 32246 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 42,688 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $14,893,405,000 |
| Average Mortgage Loan Amount Applied For | $226,622 |
| Highest Mortgage Loan Amount Applied For | $16,000,000 |
| Average Applicant Income | $121,837 |
| Highest Applicant Income | $9,967,000 |
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| Home Improvement |
421 | $145,178,000 |
$283,538 | $2,000,000 |
$101,153 | $1,905,000 |
| Home Purchase |
18,592 | $7,049,016,000 |
$331,529 | $7,200,000 |
$166,000 | $9,523,000 |
| Refinancing |
23,675 | $7,699,211,000 |
$278,529 | $16,000,000 |
$134,843 | $9,967,000 |
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| American Indian or Alaskan Native |
160 | $40,599,000 |
$285,714 | $1,325,000 |
$137,571 | $1,028,000 |
| Asian |
945 | $415,859,000 |
$373,710 | $3,000,000 |
$187,000 | $6,208,000 |
| Black or African American |
1,068 | $280,611,000 |
$247,000 | $3,600,000 |
$151,073 | $9,120,000 |
| Hispanic |
1,104 | $365,205,000 |
$290,978 | $6,000,000 |
$179,978 | $5,000,000 |
| Native Hawaiin or Other Pacific Islander |
81 | $27,118,000 |
$346,190 | $1,760,000 |
$200,047 | $1,880,000 |
| Not applicable |
46 | $22,805,000 |
$437,052 | $3,000,000 |
$251,789 | $1,601,000 |
| Not Provided |
8,889 | $3,030,583,000 |
$297,627 | $16,000,000 |
$171,784 | $9,967,000 |
| White |
30,395 | $10,710,625,000 |
$306,372 | $7,200,000 |
$138,647 | $8,432,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
42,688 | $14,893,405,000 |
$299,019 | $16,000,000 |
$147,705 | $9,967,000 |
| 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 |
1,520 | $663,704,000 |
$345,960 | $3,465,000 |
$193,333 | $6,208,000 |
| Application Denied By Financial Institution |
3,181 | $1,303,492,000 |
$354,039 | $6,500,000 |
$171,529 | $9,523,000 |
| Application Withdrawn By Applicant |
2,102 | $880,412,000 |
$376,020 | $5,000,000 |
$177,877 | $8,432,000 |
| File Closed For Incompleteness |
456 | $211,950,000 |
$428,022 | $3,750,000 |
$180,244 | $3,765,000 |
| Loan Originated |
29,462 | $10,385,408,000 |
$303,431 | $16,000,000 |
$143,980 | $9,813,000 |
| Loan Purchased By The Institution |
5,967 | $1,448,439,000 |
$210,857 | $1,750,000 |
$90,469 | $9,967,000 |
| 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 |
1,542 | $607,052,000 |
$343,380 | $4,450,000 |
$183,020 | $9,523,000 |
| Credit Application Incomplete |
456 | $209,553,000 |
$423,795 | $4,500,000 |
$210,113 | $4,076,000 |
| Credit History |
204 | $76,507,000 |
$322,741 | $5,000,000 |
$169,967 | $9,166,000 |
| Debt-To-Income Ratio |
647 | $264,878,000 |
$320,760 | $4,000,000 |
$90,900 | $1,400,000 |
| Employment History |
10 | $2,229,000 |
$197,714 | $360,000 |
$79,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
131 | $52,026,000 |
$372,966 | $3,000,000 |
$148,233 | $983,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
166 | $78,196,000 |
$428,051 | $6,500,000 |
$336,820 | $4,000,000 |
| Unverifiable Information |
23 | $11,403,000 |
$371,470 | $3,000,000 |
$237,588 | $3,426,000 |
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Mortgage Loan App Totals for MERRILL LYNCH CREDIT CORP. by:
Metropolitan Area And
County
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