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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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MONTGOMERY MORTGAGE CAPITAL CO
Mortgage Loans and Application Details
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| Mortgage Company Name |
MONTGOMERY MORTGAGE CAPITAL CO |
| Address | 199 CHERRY HILL ROAD
PARSIPPANY, NJ 07054 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,012 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $209,702,000 |
| Average Mortgage Loan Amount Applied For | $189,683 |
| Highest Mortgage Loan Amount Applied For | $1,015,000 |
| Average Applicant Income | $128,835 |
| Highest Applicant Income | $1,800,000 |
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| Home Improvement |
12 | $2,923,000 |
$243,000 | $405,000 |
$76,000 | $193,000 |
| Home Purchase |
627 | $121,876,000 |
$194,000 | $999,000 |
$240,000 | $1,800,000 |
| Refinancing |
373 | $84,903,000 |
$227,000 | $1,015,000 |
$81,000 | $600,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
11 | $2,832,000 |
$257,000 | $840,000 |
$167,000 | $600,000 |
| Black or African American |
103 | $20,076,000 |
$194,000 | $852,000 |
$77,000 | $231,000 |
| Hispanic |
343 | $73,349,000 |
$213,000 | $760,000 |
$83,000 | $324,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $918,000 |
$306,000 | $480,000 |
$120,000 | $168,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
183 | $38,006,000 |
$207,000 | $500,000 |
$87,000 | $540,000 |
| White |
369 | $74,521,000 |
$201,000 | $1,015,000 |
$345,000 | $1,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,012 | $209,702,000 |
$207,000 | $1,015,000 |
$179,000 | $1,800,000 |
| 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 |
7 | $1,589,000 |
$227,000 | $352,000 |
$61,000 | $110,000 |
| Application Denied By Financial Institution |
50 | $10,307,000 |
$206,000 | $576,000 |
$94,000 | $216,000 |
| Application Withdrawn By Applicant |
22 | $5,391,000 |
$245,000 | $1,015,000 |
$86,000 | $312,000 |
| File Closed For Incompleteness |
5 | $1,067,000 |
$213,000 | $384,000 |
$174,000 | $307,000 |
| Loan Originated |
928 | $191,348,000 |
$206,000 | $999,000 |
$187,000 | $1,800,000 |
| 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 |
4 | $1,056,000 |
$264,000 | $390,000 |
$66,000 | $102,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $2,032,000 |
$203,000 | $459,000 |
$74,000 | $191,000 |
| Debt-To-Income Ratio |
2 | $209,000 |
$104,000 | $167,000 |
$166,000 | $170,000 |
| Employment History |
2 | $576,000 |
$288,000 | $368,000 |
$106,000 | $157,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $456,000 |
$228,000 | $351,000 |
$119,000 | $124,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MONTGOMERY MORTGAGE CAPITAL CO by:
Metropolitan Area And
County
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