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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 MASTER, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE MASTER, INC. |
| Address | 100 ELM STREET, 3RD FL
WALPOLE, MA 02081 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 7,943 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,143,311,000 |
| Average Mortgage Loan Amount Applied For | $268,170 |
| Highest Mortgage Loan Amount Applied For | $7,000,000 |
| Average Applicant Income | $180,872 |
| Highest Applicant Income | $3,000,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
4,402 | $1,241,468,000 |
$282,000 | $7,000,000 |
$150,000 | $3,000,000 |
| Refinancing |
3,541 | $901,843,000 |
$254,000 | $3,710,000 |
$156,000 | $3,000,000 |
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| American Indian or Alaskan Native |
2 | $404,000 |
$202,000 | $214,000 |
$72,000 | $105,000 |
| Asian |
774 | $199,039,000 |
$257,000 | $1,200,000 |
$129,000 | $650,000 |
| Black or African American |
285 | $66,743,000 |
$234,000 | $1,313,000 |
$85,000 | $599,000 |
| Hispanic |
207 | $48,551,000 |
$234,000 | $1,600,000 |
$104,000 | $621,000 |
| Native Hawaiin or Other Pacific Islander |
10 | $2,678,000 |
$267,000 | $1,100,000 |
$143,000 | $320,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
313 | $90,545,000 |
$289,000 | $3,860,000 |
$104,000 | $2,756,000 |
| White |
6,352 | $1,735,351,000 |
$273,000 | $7,000,000 |
$163,000 | $3,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,925 | $2,139,193,000 |
$269,000 | $7,000,000 |
$153,000 | $3,000,000 |
| FHA-insured (Federal Housing Administration) |
14 | $2,962,000 |
$211,000 | $345,000 |
$71,000 | $130,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $1,156,000 |
$289,000 | $359,000 |
$87,000 | $120,000 |
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| Application Approved But Not Accepted |
5 | $1,058,000 |
$211,000 | $318,000 |
$239,000 | $624,000 |
| Application Denied By Financial Institution |
43 | $12,276,000 |
$285,000 | $1,100,000 |
$127,000 | $491,000 |
| Application Withdrawn By Applicant |
1,460 | $399,729,000 |
$273,000 | $7,000,000 |
$146,000 | $2,756,000 |
| File Closed For Incompleteness |
5 | $1,642,000 |
$328,000 | $530,000 |
$13,000 | $65,000 |
| Loan Originated |
6,430 | $1,728,606,000 |
$268,000 | $4,500,000 |
$155,000 | $3,000,000 |
| 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 |
8 | $2,378,000 |
$297,000 | $680,000 |
$157,000 | $318,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $955,000 |
$318,000 | $594,000 |
$45,000 | $137,000 |
| Debt-To-Income Ratio |
9 | $3,001,000 |
$333,000 | $1,100,000 |
$154,000 | $491,000 |
| Employment History |
4 | $919,000 |
$229,000 | $395,000 |
$135,000 | $192,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,159,000 |
$386,000 | $528,000 |
$70,000 | $107,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $2,135,000 |
$213,000 | $609,000 |
$93,000 | $491,000 |
| Unverifiable Information |
3 | $943,000 |
$314,000 | $496,000 |
$113,000 | $116,000 |
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Mortgage Loan App Totals for MORTGAGE MASTER, INC. by:
Metropolitan Area And
County
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