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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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MHL FUNDING CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
MHL FUNDING CORP |
| Address | 33 MAIDEN LANE
NEW YORK, NY 10038 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 115 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $29,552,000 |
| Average Mortgage Loan Amount Applied For | $222,176 |
| Highest Mortgage Loan Amount Applied For | $946,000 |
| Average Applicant Income | $92,411 |
| Highest Applicant Income | $596,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
72 | $18,404,000 |
$242,000 | $946,000 |
$85,666 | $331,000 |
| Refinancing |
43 | $11,148,000 |
$273,000 | $497,000 |
$113,000 | $596,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
21 | $6,001,000 |
$285,000 | $495,000 |
$79,000 | $162,000 |
| Black or African American |
1 | $206,000 |
$206,000 | $206,000 |
$59,000 | $59,000 |
| Hispanic |
2 | $290,000 |
$145,000 | $194,000 |
$46,000 | $64,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $208,000 |
$208,000 | $208,000 |
$89,000 | $89,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8 | $2,087,000 |
$234,000 | $417,000 |
$75,500 | $150,000 |
| White |
82 | $20,760,000 |
$295,666 | $946,000 |
$122,000 | $596,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
115 | $29,552,000 |
$262,333 | $946,000 |
$100,666 | $596,000 |
| 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 |
3 | $801,000 |
$267,000 | $297,000 |
$86,000 | $104,000 |
| Application Denied By Financial Institution |
31 | $7,381,000 |
$289,333 | $497,000 |
$119,000 | $270,000 |
| Application Withdrawn By Applicant |
1 | $264,000 |
$264,000 | $264,000 |
$78,000 | $78,000 |
| File Closed For Incompleteness |
2 | $331,000 |
$165,500 | $199,000 |
$51,500 | $70,000 |
| Loan Originated |
78 | $20,775,000 |
$266,000 | $946,000 |
$91,000 | $596,000 |
| 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 |
1 | $172,000 |
$172,000 | $172,000 |
$81,000 | $81,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $469,000 |
$234,000 | $240,000 |
$78,000 | $81,000 |
| Debt-To-Income Ratio |
6 | $1,389,000 |
$231,000 | $417,000 |
$60,000 | $104,000 |
| Employment History |
1 | $205,000 |
$205,000 | $205,000 |
$120,000 | $120,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
20 | $4,934,000 |
$291,666 | $497,000 |
$118,333 | $241,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MHL FUNDING CORP by:
Metropolitan Area And
County
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