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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 | 4804 DEER LAKE DRIVE EAST BLDG 3 FL 5
JACKSONVILLE, FL 32246-6484 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 29,953 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $10,948,390,000 |
| Average Mortgage Loan Amount Applied For | $240,697 |
| Highest Mortgage Loan Amount Applied For | $11,000,000 |
| Average Applicant Income | $105,410 |
| Highest Applicant Income | $8,500,000 |
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| Home Improvement |
363 | $159,284,000 |
$438,000 | $3,900,000 |
$172,000 | $1,700,000 |
| Home Purchase |
12,926 | $4,757,914,000 |
$368,000 | $10,000,000 |
$151,000 | $8,500,000 |
| Refinancing |
16,664 | $6,031,192,000 |
$361,000 | $11,000,000 |
$126,000 | $5,928,000 |
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| American Indian or Alaskan Native |
71 | $22,680,000 |
$319,000 | $2,035,000 |
$154,000 | $1,200,000 |
| Asian |
444 | $197,403,000 |
$444,000 | $2,540,000 |
$186,000 | $2,208,000 |
| Black or African American |
712 | $217,002,000 |
$304,000 | $3,246,000 |
$150,000 | $4,749,000 |
| Hispanic |
650 | $240,182,000 |
$369,000 | $3,400,000 |
$165,000 | $2,300,000 |
| Native Hawaiin or Other Pacific Islander |
40 | $14,237,000 |
$355,000 | $1,500,000 |
$135,000 | $694,000 |
| Not applicable |
7,570 | $2,152,584,000 |
$284,000 | $2,355,000 |
$0 | $0 |
| Not Provided |
3,386 | $1,487,668,000 |
$439,000 | $8,500,000 |
$215,000 | $7,438,000 |
| White |
17,080 | $6,616,634,000 |
$387,000 | $11,000,000 |
$181,000 | $8,500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
29,953 | $10,948,390,000 |
$365,000 | $11,000,000 |
$138,000 | $8,500,000 |
| 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 |
1,167 | $466,906,000 |
$400,000 | $6,000,000 |
$192,000 | $8,500,000 |
| Application Denied By Financial Institution |
2,923 | $1,203,313,000 |
$411,000 | $8,500,000 |
$176,000 | $4,500,000 |
| Application Withdrawn By Applicant |
1,686 | $853,327,000 |
$506,000 | $10,000,000 |
$245,000 | $5,028,000 |
| File Closed For Incompleteness |
143 | $61,391,000 |
$429,000 | $2,533,000 |
$210,000 | $2,200,000 |
| Loan Originated |
16,464 | $6,210,869,000 |
$377,000 | $11,000,000 |
$179,000 | $7,840,000 |
| Loan Purchased By The Institution |
7,570 | $2,152,584,000 |
$284,000 | $2,355,000 |
$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 |
979 | $405,033,000 |
$413,000 | $3,900,000 |
$226,000 | $3,000,000 |
| Credit Application Incomplete |
198 | $96,185,000 |
$485,000 | $3,000,000 |
$210,000 | $1,800,000 |
| Credit History |
524 | $160,170,000 |
$305,000 | $8,500,000 |
$142,000 | $4,500,000 |
| Debt-To-Income Ratio |
781 | $356,428,000 |
$456,000 | $4,000,000 |
$129,000 | $3,655,000 |
| Employment History |
34 | $10,814,000 |
$318,000 | $935,000 |
$120,000 | $308,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
166 | $59,534,000 |
$358,000 | $2,500,000 |
$123,000 | $1,180,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
197 | $93,375,000 |
$473,000 | $3,598,000 |
$228,000 | $2,108,000 |
| Unverifiable Information |
44 | $21,774,000 |
$494,000 | $3,000,000 |
$181,000 | $831,000 |
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Mortgage Loan App Totals for MERRILL LYNCH CREDIT CORP. by:
Metropolitan Area And
County
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