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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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NEW DAY FINANCIAL LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEW DAY FINANCIAL LLC |
| Address | MAPLE LAWN BOULEVARD, SUITE 300
FULTON, MD 20759 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 36,270 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,286,865,000 |
| Average Mortgage Loan Amount Applied For | $216,333 |
| Highest Mortgage Loan Amount Applied For | $4,500,000 |
| Average Applicant Income | $86,523 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2 | $1,096,000 |
$548,000 | $548,000 |
$135,000 | $145,000 |
| Refinancing |
36,268 | $9,285,769,000 |
$256,000 | $4,500,000 |
$90,000 | $9,999,000 |
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| American Indian or Alaskan Native |
160 | $48,458,000 |
$302,000 | $750,000 |
$93,000 | $300,000 |
| Asian |
1,062 | $361,520,000 |
$340,000 | $2,150,000 |
$98,000 | $480,000 |
| Black or African American |
2,569 | $636,503,000 |
$247,000 | $1,045,000 |
$82,000 | $659,000 |
| Hispanic |
1,624 | $478,003,000 |
$294,000 | $1,140,000 |
$91,000 | $3,600,000 |
| Native Hawaiin or Other Pacific Islander |
101 | $29,445,000 |
$291,000 | $650,000 |
$92,000 | $283,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
11,396 | $2,851,456,000 |
$250,000 | $4,500,000 |
$90,000 | $2,270,000 |
| White |
19,358 | $4,881,480,000 |
$252,000 | $4,500,000 |
$91,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
36,270 | $9,286,865,000 |
$256,000 | $4,500,000 |
$90,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1,150 | $314,717,000 |
$273,000 | $4,500,000 |
$103,000 | $720,000 |
| Application Denied By Financial Institution |
15,428 | $3,783,935,000 |
$245,000 | $4,500,000 |
$73,000 | $9,999,000 |
| Application Withdrawn By Applicant |
3,227 | $770,687,000 |
$238,000 | $3,600,000 |
$96,000 | $4,320,000 |
| File Closed For Incompleteness |
14,883 | $4,027,502,000 |
$270,000 | $2,900,000 |
$104,000 | $2,270,000 |
| Loan Originated |
1,582 | $390,024,000 |
$246,000 | $788,000 |
$103,000 | $740,000 |
| 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 |
1,301 | $284,843,000 |
$218,000 | $3,200,000 |
$93,000 | $1,200,000 |
| Credit Application Incomplete |
172 | $35,624,000 |
$207,000 | $1,700,000 |
$103,000 | $1,654,000 |
| Credit History |
1,680 | $336,114,000 |
$200,000 | $926,000 |
$86,000 | $1,628,000 |
| Debt-To-Income Ratio |
8,220 | $2,080,654,000 |
$253,000 | $4,500,000 |
$67,000 | $9,999,000 |
| Employment History |
177 | $41,555,000 |
$234,000 | $830,000 |
$64,000 | $307,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
19 | $3,750,000 |
$197,000 | $410,000 |
$82,000 | $140,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
40 | $7,274,000 |
$181,000 | $600,000 |
$81,000 | $180,000 |
| Unverifiable Information |
15 | $3,344,000 |
$222,000 | $625,000 |
$104,000 | $300,000 |
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Mortgage Loan App Totals for NEW DAY FINANCIAL LLC by:
Metropolitan Area And
County
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