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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 WORLD BANKERS INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE WORLD BANKERS INC |
| Address | 32-75 STEINWAY STREET
LONG ISLAND, NY 11103 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 849 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $248,432,000 |
| Average Mortgage Loan Amount Applied For | $200,046 |
| Highest Mortgage Loan Amount Applied For | $1,720,000 |
| Average Applicant Income | $125,720 |
| Highest Applicant Income | $1,503,000 |
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| Home Improvement |
5 | $872,000 |
$174,000 | $417,000 |
$180,000 | $359,000 |
| Home Purchase |
527 | $154,585,000 |
$293,000 | $1,720,000 |
$147,000 | $1,503,000 |
| Refinancing |
317 | $92,975,000 |
$293,000 | $1,045,000 |
$144,000 | $900,000 |
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| American Indian or Alaskan Native |
2 | $468,000 |
$234,000 | $338,000 |
$154,000 | $154,000 |
| Asian |
228 | $69,832,000 |
$306,000 | $742,000 |
$144,000 | $485,000 |
| Black or African American |
40 | $10,496,000 |
$262,000 | $750,000 |
$106,000 | $322,000 |
| Hispanic |
303 | $84,754,000 |
$279,000 | $1,045,000 |
$127,000 | $339,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $158,000 |
$158,000 | $158,000 |
$145,000 | $145,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
23 | $5,268,000 |
$229,000 | $742,000 |
$125,000 | $330,000 |
| White |
252 | $77,456,000 |
$307,000 | $1,720,000 |
$178,000 | $1,503,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
847 | $247,923,000 |
$292,000 | $1,720,000 |
$145,000 | $1,503,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $509,000 |
$254,000 | $417,000 |
$244,000 | $284,000 |
| 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 |
43 | $11,983,000 |
$278,000 | $749,000 |
$212,000 | $1,503,000 |
| Application Withdrawn By Applicant |
196 | $60,140,000 |
$306,000 | $1,720,000 |
$139,000 | $485,000 |
| File Closed For Incompleteness |
1 | $86,000 |
$86,000 | $86,000 |
$46,000 | $46,000 |
| Loan Originated |
609 | $176,223,000 |
$289,000 | $1,000,000 |
$143,000 | $900,000 |
| 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 |
5 | $1,585,000 |
$317,000 | $420,000 |
$47,000 | $107,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $2,123,000 |
$265,000 | $749,000 |
$395,000 | $1,450,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
1 | $350,000 |
$350,000 | $350,000 |
$81,000 | $81,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $981,000 |
$245,000 | $499,000 |
$106,000 | $114,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
22 | $6,060,000 |
$275,000 | $605,000 |
$213,000 | $1,503,000 |
| Unverifiable Information |
3 | $884,000 |
$294,000 | $547,000 |
$177,000 | $195,000 |
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Mortgage Loan App Totals for MORTGAGE WORLD BANKERS INC by:
Metropolitan Area And
County
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