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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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MORTGAGEIT
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGEIT |
| Address | 33 MAIDEN LANE
NEW YORK, NY 10038 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 173,678 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $40,272,713,000 |
| Average Mortgage Loan Amount Applied For | $148,636 |
| Highest Mortgage Loan Amount Applied For | $4,000,000 |
| Average Applicant Income | $84,940 |
| Highest Applicant Income | $7,405,000 |
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| Home Improvement |
4,421 | $335,915,000 |
$75,000 | $750,000 |
$148,000 | $7,405,000 |
| Home Purchase |
71,354 | $14,534,215,000 |
$203,000 | $3,332,000 |
$109,000 | $6,343,000 |
| Refinancing |
98,339 | $25,502,934,000 |
$259,000 | $4,000,000 |
$108,000 | $6,455,000 |
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| American Indian or Alaskan Native |
623 | $137,251,000 |
$220,000 | $2,000,000 |
$98,000 | $618,000 |
| Asian |
13,497 | $4,011,749,000 |
$297,000 | $3,332,000 |
$134,000 | $4,018,000 |
| Black or African American |
10,998 | $2,360,177,000 |
$214,000 | $1,950,000 |
$95,000 | $2,600,000 |
| Hispanic |
34,887 | $8,661,458,000 |
$248,000 | $1,700,000 |
$105,000 | $6,355,000 |
| Native Hawaiin or Other Pacific Islander |
1,851 | $528,772,000 |
$285,000 | $1,500,000 |
$129,000 | $6,343,000 |
| Not applicable |
273 | $50,158,000 |
$183,000 | $1,000,000 |
$63,000 | $816,000 |
| Not Provided |
15,607 | $4,078,148,000 |
$261,000 | $4,000,000 |
$109,000 | $7,405,000 |
| White |
96,378 | $20,545,351,000 |
$213,000 | $3,060,000 |
$109,000 | $7,126,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
168,977 | $39,614,475,000 |
$234,000 | $4,000,000 |
$111,000 | $7,405,000 |
| FHA-insured (Federal Housing Administration) |
3,931 | $550,623,000 |
$140,000 | $520,000 |
$53,000 | $2,400,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1,206 | $207,966,000 |
$172,000 | $567,000 |
$59,000 | $591,000 |
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| Application Approved But Not Accepted |
24,164 | $6,310,928,000 |
$261,000 | $2,275,000 |
$123,000 | $5,172,000 |
| Application Denied By Financial Institution |
21,595 | $5,038,731,000 |
$233,000 | $3,332,000 |
$86,000 | $5,400,000 |
| Application Withdrawn By Applicant |
5,673 | $1,233,113,000 |
$217,000 | $4,000,000 |
$63,000 | $2,520,000 |
| File Closed For Incompleteness |
5,519 | $1,385,308,000 |
$251,000 | $2,475,000 |
$96,000 | $7,405,000 |
| Loan Originated |
106,334 | $24,542,862,000 |
$230,000 | $2,170,000 |
$116,000 | $7,126,000 |
| Loan Purchased By The Institution |
10,829 | $1,862,122,000 |
$171,000 | $1,400,000 |
$92,000 | $2,397,000 |
| 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 |
2,022 | $475,827,000 |
$235,000 | $3,000,000 |
$118,000 | $2,400,000 |
| Credit Application Incomplete |
681 | $146,370,000 |
$214,000 | $1,500,000 |
$98,000 | $1,500,000 |
| Credit History |
6,274 | $1,439,870,000 |
$229,000 | $2,470,000 |
$72,000 | $2,004,000 |
| Debt-To-Income Ratio |
3,430 | $812,899,000 |
$236,000 | $1,700,000 |
$72,000 | $1,145,000 |
| Employment History |
748 | $183,162,000 |
$244,000 | $3,332,000 |
$90,000 | $1,600,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
188 | $41,262,000 |
$219,000 | $1,105,000 |
$102,000 | $2,997,000 |
| Mortgage Insurance Denied |
4 | $1,152,000 |
$288,000 | $536,000 |
$73,000 | $138,000 |
| Other |
7,347 | $1,720,895,000 |
$234,000 | $2,541,000 |
$90,000 | $5,400,000 |
| Unverifiable Information |
901 | $217,294,000 |
$241,000 | $3,000,000 |
$106,000 | $2,400,000 |
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Mortgage Loan App Totals for MORTGAGEIT by:
Metropolitan Area And
County
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