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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 SOURCE LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE SOURCE LLC |
| Address | 600 OLD COUNTRY RD., SUITE 210
GARDEN CITY, NY 11530 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 531 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $145,426,000 |
| Average Mortgage Loan Amount Applied For | $230,387 |
| Highest Mortgage Loan Amount Applied For | $1,560,000 |
| Average Applicant Income | $95,868 |
| Highest Applicant Income | $1,080,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
114 | $27,952,000 |
$245,000 | $1,271,000 |
$136,000 | $573,000 |
| Refinancing |
417 | $117,474,000 |
$281,000 | $1,560,000 |
$103,000 | $1,080,000 |
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| American Indian or Alaskan Native |
2 | $420,000 |
$210,000 | $220,000 |
$78,000 | $78,000 |
| Asian |
11 | $3,502,000 |
$318,000 | $675,000 |
$94,000 | $142,000 |
| Black or African American |
61 | $16,720,000 |
$274,000 | $1,271,000 |
$107,000 | $415,000 |
| Hispanic |
46 | $11,372,000 |
$247,000 | $547,000 |
$99,000 | $228,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $1,070,000 |
$356,000 | $604,000 |
$73,000 | $128,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
243 | $64,066,000 |
$263,000 | $1,235,000 |
$112,000 | $576,000 |
| White |
165 | $48,276,000 |
$292,000 | $1,560,000 |
$114,000 | $1,080,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
527 | $144,318,000 |
$273,000 | $1,560,000 |
$110,000 | $1,080,000 |
| FHA-insured (Federal Housing Administration) |
3 | $721,000 |
$240,000 | $345,000 |
$55,000 | $78,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $387,000 |
$387,000 | $387,000 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1 | $72,000 |
$72,000 | $72,000 |
$154,000 | $154,000 |
| Application Denied By Financial Institution |
23 | $6,081,000 |
$264,000 | $1,235,000 |
$111,000 | $307,000 |
| Application Withdrawn By Applicant |
141 | $39,688,000 |
$281,000 | $1,560,000 |
$120,000 | $1,080,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
366 | $99,585,000 |
$272,000 | $1,000,000 |
$106,000 | $573,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $821,000 |
$205,000 | $387,000 |
$51,000 | $90,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $209,000 |
$104,000 | $167,000 |
$90,000 | $90,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $3,674,000 |
$334,000 | $1,235,000 |
$147,000 | $307,000 |
| Unverifiable Information |
4 | $989,000 |
$247,000 | $364,000 |
$91,000 | $229,000 |
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Mortgage Loan App Totals for MORTGAGE SOURCE LLC by:
Metropolitan Area And
County
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