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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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MORTGAGE ENTERPRISE, LTD
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE ENTERPRISE, LTD |
| Address | 79 POWERHOUSE RD
ROSLYN, NY 11577 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 325 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $93,808,000 |
| Average Mortgage Loan Amount Applied For | $239,181 |
| Highest Mortgage Loan Amount Applied For | $915,000 |
| Average Applicant Income | $70,909 |
| Highest Applicant Income | $322,000 |
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| Home Improvement |
1 | $394,000 |
$394,000 | $394,000 |
$90,000 | $90,000 |
| Home Purchase |
253 | $71,566,000 |
$282,000 | $915,000 |
$57,000 | $322,000 |
| Refinancing |
71 | $21,848,000 |
$307,000 | $635,000 |
$53,000 | $294,000 |
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| American Indian or Alaskan Native |
1 | $400,000 |
$400,000 | $400,000 |
$0 | $0 |
| Asian |
4 | $1,526,000 |
$381,000 | $492,000 |
$27,000 | $111,000 |
| Black or African American |
167 | $44,788,000 |
$268,000 | $695,000 |
$43,000 | $198,000 |
| Hispanic |
64 | $17,692,000 |
$276,000 | $632,000 |
$48,000 | $322,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $319,000 |
$159,000 | $269,000 |
$108,000 | $108,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $1,062,000 |
$354,000 | $600,000 |
$105,000 | $240,000 |
| White |
84 | $28,021,000 |
$333,000 | $915,000 |
$87,000 | $322,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
322 | $92,349,000 |
$286,000 | $915,000 |
$56,000 | $322,000 |
| FHA-insured (Federal Housing Administration) |
3 | $1,459,000 |
$486,000 | $635,000 |
$89,000 | $111,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
10 | $2,189,000 |
$218,000 | $447,000 |
$27,000 | $69,000 |
| Application Withdrawn By Applicant |
17 | $5,565,000 |
$327,000 | $695,000 |
$72,000 | $172,000 |
| File Closed For Incompleteness |
120 | $33,135,000 |
$276,000 | $616,000 |
$57,000 | $322,000 |
| Loan Originated |
178 | $52,919,000 |
$297,000 | $915,000 |
$56,000 | $294,000 |
| 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 | $117,000 |
$117,000 | $117,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $556,000 |
$278,000 | $447,000 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
2 | $621,000 |
$310,000 | $360,000 |
$33,000 | $66,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $629,000 |
$209,000 | $360,000 |
$23,000 | $69,000 |
| Unverifiable Information |
2 | $266,000 |
$133,000 | $213,000 |
$68,000 | $68,000 |
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Mortgage Loan App Totals for MORTGAGE ENTERPRISE, LTD by:
Metropolitan Area And
County
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