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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 STATE MORTGAGE COMPANY LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEW STATE MORTGAGE COMPANY LLC |
| Address | 8401 VIRGINIA STREET
MERRILLVILLE, IN 46410 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,510 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $490,633,000 |
| Average Mortgage Loan Amount Applied For | $145,141 |
| Highest Mortgage Loan Amount Applied For | $650,000 |
| Average Applicant Income | $57,198 |
| Highest Applicant Income | $1,459,000 |
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| Home Improvement |
2 | $85,000 |
$42,000 | $50,000 |
$79,000 | $81,000 |
| Home Purchase |
1,179 | $153,492,000 |
$130,000 | $585,000 |
$57,000 | $1,200,000 |
| Refinancing |
2,330 | $337,166,000 |
$144,000 | $650,000 |
$57,000 | $1,459,000 |
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| American Indian or Alaskan Native |
8 | $1,086,000 |
$135,000 | $290,000 |
$52,000 | $78,000 |
| Asian |
29 | $5,259,000 |
$181,000 | $395,000 |
$62,000 | $203,000 |
| Black or African American |
355 | $51,318,000 |
$144,000 | $480,000 |
$55,000 | $167,000 |
| Hispanic |
136 | $17,502,000 |
$128,000 | $585,000 |
$52,000 | $200,000 |
| Native Hawaiin or Other Pacific Islander |
6 | $1,276,000 |
$212,000 | $320,000 |
$85,000 | $126,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
162 | $23,348,000 |
$144,000 | $650,000 |
$57,000 | $313,000 |
| White |
2,815 | $390,954,000 |
$138,000 | $650,000 |
$58,000 | $1,459,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,510 | $490,639,000 |
$139,000 | $650,000 |
$57,000 | $1,459,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $104,000 |
$104,000 | $104,000 |
$28,000 | $28,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1,191 | $169,406,000 |
$142,000 | $650,000 |
$59,000 | $656,000 |
| Application Denied By Financial Institution |
1,119 | $150,882,000 |
$134,000 | $645,000 |
$56,000 | $1,459,000 |
| Application Withdrawn By Applicant |
14 | $2,775,000 |
$198,000 | $585,000 |
$78,000 | $200,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,187 | $167,680,000 |
$141,000 | $579,000 |
$56,000 | $230,000 |
| 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 |
72 | $9,957,000 |
$138,000 | $500,000 |
$57,000 | $168,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
463 | $60,497,000 |
$130,000 | $460,000 |
$59,000 | $1,459,000 |
| Debt-To-Income Ratio |
72 | $9,737,000 |
$135,000 | $360,000 |
$43,000 | $300,000 |
| Employment History |
27 | $3,220,000 |
$119,000 | $250,000 |
$42,000 | $132,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
137 | $18,225,000 |
$133,000 | $400,000 |
$42,000 | $125,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
322 | $45,250,000 |
$140,000 | $645,000 |
$61,000 | $708,000 |
| Unverifiable Information |
6 | $749,000 |
$124,000 | $180,000 |
$56,000 | $94,000 |
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Mortgage Loan App Totals for NEW STATE MORTGAGE COMPANY LLC by:
Metropolitan Area And
County
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