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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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MFC MORTGAGE, INC. OF FLORIDA
Mortgage Loans and Application Details
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| Mortgage Company Name |
MFC MORTGAGE, INC. OF FLORIDA |
| Address | 851 TRAFALGAR COURT, SUITE 320 WEST
MAITLAND, FL 32751 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,441 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $600,089,000 |
| Average Mortgage Loan Amount Applied For | $176,121 |
| Highest Mortgage Loan Amount Applied For | $413,000 |
| Average Applicant Income | $73,341 |
| Highest Applicant Income | $825,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
3,502 | $611,063,000 |
$174,000 | $413,000 |
$75,000 | $825,000 |
| Refinancing |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| American Indian or Alaskan Native |
6 | $1,088,000 |
$181,000 | $256,000 |
$66,000 | $117,000 |
| Asian |
190 | $36,812,000 |
$193,000 | $383,000 |
$78,000 | $350,000 |
| Black or African American |
538 | $96,395,000 |
$179,000 | $373,000 |
$72,000 | $825,000 |
| Hispanic |
754 | $128,630,000 |
$170,000 | $358,000 |
$69,000 | $342,000 |
| Native Hawaiin or Other Pacific Islander |
49 | $8,193,000 |
$167,000 | $280,000 |
$81,000 | $181,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
197 | $33,964,000 |
$172,000 | $361,000 |
$74,000 | $196,000 |
| White |
1,768 | $305,981,000 |
$173,000 | $413,000 |
$78,000 | $424,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,977 | $510,397,000 |
$171,000 | $413,000 |
$77,000 | $825,000 |
| FHA-insured (Federal Housing Administration) |
320 | $55,505,000 |
$173,000 | $264,000 |
$65,000 | $244,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $217,000 |
$217,000 | $217,000 |
$83,000 | $83,000 |
| VA-guaranteed (Veterans Administration) |
204 | $44,944,000 |
$220,000 | $350,000 |
$69,000 | $168,000 |
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| Application Approved But Not Accepted |
24 | $4,029,000 |
$167,000 | $326,000 |
$65,000 | $151,000 |
| Application Denied By Financial Institution |
66 | $12,477,000 |
$189,000 | $342,000 |
$75,000 | $244,000 |
| Application Withdrawn By Applicant |
500 | $84,937,000 |
$169,000 | $383,000 |
$71,000 | $224,000 |
| File Closed For Incompleteness |
4 | $591,000 |
$147,000 | $192,000 |
$61,000 | $71,000 |
| Loan Originated |
2,908 | $509,029,000 |
$175,000 | $413,000 |
$76,000 | $825,000 |
| 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 |
3 | $455,000 |
$151,000 | $215,000 |
$67,000 | $87,000 |
| Credit History |
26 | $5,263,000 |
$202,000 | $327,000 |
$73,000 | $127,000 |
| Debt-To-Income Ratio |
13 | $2,677,000 |
$205,000 | $342,000 |
$59,000 | $93,000 |
| Employment History |
8 | $1,027,000 |
$128,000 | $211,000 |
$63,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $198,000 |
$198,000 | $198,000 |
$99,000 | $99,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
6 | $1,085,000 |
$180,000 | $293,000 |
$113,000 | $244,000 |
| Unverifiable Information |
6 | $1,157,000 |
$192,000 | $326,000 |
$84,000 | $125,000 |
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Mortgage Loan App Totals for MFC MORTGAGE, INC. OF FLORIDA by:
Metropolitan Area And
County
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