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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 LINE FINANCIAL CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE LINE FINANCIAL CORP. |
| Address | 135 CROSSWAYS PARK DRIVE, SUITE 401
WOODBURY, NY 11797 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,078 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $536,846,000 |
| Average Mortgage Loan Amount Applied For | $181,420 |
| Highest Mortgage Loan Amount Applied For | $1,760,000 |
| Average Applicant Income | $78,677 |
| Highest Applicant Income | $1,265,000 |
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| Home Improvement |
39 | $8,597,000 |
$220,000 | $492,000 |
$89,000 | $186,000 |
| Home Purchase |
316 | $78,922,000 |
$249,000 | $1,000,000 |
$137,000 | $1,140,000 |
| Refinancing |
1,726 | $449,841,000 |
$260,000 | $1,760,000 |
$102,000 | $1,265,000 |
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| American Indian or Alaskan Native |
7 | $2,069,000 |
$295,000 | $510,000 |
$102,000 | $158,000 |
| Asian |
27 | $7,721,000 |
$285,000 | $940,000 |
$131,000 | $360,000 |
| Black or African American |
607 | $151,850,000 |
$250,000 | $894,000 |
$95,000 | $960,000 |
| Hispanic |
306 | $82,474,000 |
$269,000 | $1,500,000 |
$106,000 | $610,000 |
| Native Hawaiin or Other Pacific Islander |
13 | $3,080,000 |
$236,000 | $447,000 |
$121,000 | $225,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
94 | $22,219,000 |
$236,000 | $1,040,000 |
$106,000 | $1,140,000 |
| White |
1,027 | $267,947,000 |
$260,000 | $1,760,000 |
$114,000 | $1,265,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,792 | $479,264,000 |
$267,000 | $1,760,000 |
$114,000 | $1,265,000 |
| FHA-insured (Federal Housing Administration) |
288 | $57,848,000 |
$200,000 | $344,000 |
$66,000 | $228,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $248,000 |
$248,000 | $248,000 |
$110,000 | $110,000 |
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| Application Approved But Not Accepted |
9 | $3,029,000 |
$336,000 | $1,050,000 |
$125,000 | $540,000 |
| Application Denied By Financial Institution |
149 | $32,867,000 |
$220,000 | $700,000 |
$98,000 | $549,000 |
| Application Withdrawn By Applicant |
488 | $126,827,000 |
$259,000 | $1,600,000 |
$111,000 | $1,265,000 |
| File Closed For Incompleteness |
175 | $48,626,000 |
$277,000 | $1,500,000 |
$120,000 | $960,000 |
| Loan Originated |
1,258 | $325,891,000 |
$259,000 | $1,760,000 |
$105,000 | $960,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $120,000 |
$60,000 | $96,000 |
$55,000 | $55,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
22 | $4,815,000 |
$218,000 | $653,000 |
$87,000 | $192,000 |
| Credit Application Incomplete |
1 | $183,000 |
$183,000 | $183,000 |
$48,000 | $48,000 |
| Credit History |
14 | $3,131,000 |
$223,000 | $425,000 |
$71,000 | $120,000 |
| Debt-To-Income Ratio |
10 | $1,763,000 |
$176,000 | $340,000 |
$87,000 | $172,000 |
| Employment History |
5 | $621,000 |
$124,000 | $216,000 |
$65,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $667,000 |
$222,000 | $338,000 |
$86,000 | $99,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
55 | $12,796,000 |
$232,000 | $550,000 |
$98,000 | $549,000 |
| Unverifiable Information |
3 | $793,000 |
$264,000 | $380,000 |
$86,000 | $140,000 |
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Mortgage Loan App Totals for MORTGAGE LINE FINANCIAL CORP. by:
Metropolitan Area And
County
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