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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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METRO ISLAND MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
METRO ISLAND MORTGAGE, INC. |
| Address | VILLA NEVAREZ CENTER SUITE 201
SAN JUAN, PR 00927 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 483 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $56,410,000 |
| Average Mortgage Loan Amount Applied For | $104,206 |
| Highest Mortgage Loan Amount Applied For | $950,000 |
| Average Applicant Income | $53,086 |
| Highest Applicant Income | $693,000 |
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| Home Improvement |
2 | $79,000 |
$39,000 | $50,000 |
$38,000 | $51,000 |
| Home Purchase |
86 | $13,036,000 |
$151,000 | $548,000 |
$76,000 | $495,000 |
| Refinancing |
395 | $43,295,000 |
$109,000 | $950,000 |
$53,000 | $693,000 |
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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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
474 | $54,013,000 |
$113,000 | $548,000 |
$55,000 | $693,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $1,068,000 |
$534,000 | $950,000 |
$149,000 | $255,000 |
| White |
7 | $1,329,000 |
$189,000 | $259,000 |
$152,000 | $495,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
478 | $55,631,000 |
$116,000 | $950,000 |
$57,000 | $693,000 |
| 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) |
5 | $779,000 |
$155,000 | $291,000 |
$54,000 | $91,000 |
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| Application Approved But Not Accepted |
2 | $433,000 |
$216,000 | $321,000 |
$116,000 | $181,000 |
| Application Denied By Financial Institution |
7 | $656,000 |
$93,000 | $147,000 |
$43,000 | $69,000 |
| Application Withdrawn By Applicant |
6 | $537,000 |
$89,000 | $136,000 |
$38,000 | $60,000 |
| File Closed For Incompleteness |
2 | $182,000 |
$91,000 | $112,000 |
$34,000 | $45,000 |
| Loan Originated |
466 | $54,602,000 |
$117,000 | $950,000 |
$57,000 | $693,000 |
| 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 METRO ISLAND MORTGAGE, INC. by:
Metropolitan Area And
County
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