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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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NORTHEAST MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTHEAST MORTGAGE CORPORATION |
| Address | 2023 W. GUADALUPE RD
MESA, AZ 85202 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 868 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $178,156,000 |
| Average Mortgage Loan Amount Applied For | $196,295 |
| Highest Mortgage Loan Amount Applied For | $1,323,000 |
| Average Applicant Income | $85,915 |
| Highest Applicant Income | $423,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
341 | $64,712,000 |
$189,000 | $1,323,000 |
$88,000 | $389,000 |
| Refinancing |
533 | $114,815,000 |
$215,000 | $1,260,000 |
$78,000 | $423,000 |
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| American Indian or Alaskan Native |
4 | $644,000 |
$161,000 | $212,000 |
$39,000 | $48,000 |
| Asian |
40 | $8,379,000 |
$209,000 | $626,000 |
$90,000 | $212,000 |
| Black or African American |
122 | $25,568,000 |
$209,000 | $810,000 |
$67,000 | $396,000 |
| Hispanic |
74 | $13,408,000 |
$181,000 | $500,000 |
$77,000 | $317,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $668,000 |
$133,000 | $161,000 |
$83,000 | $240,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
23 | $4,175,000 |
$181,000 | $480,000 |
$78,000 | $264,000 |
| White |
606 | $126,685,000 |
$209,000 | $1,323,000 |
$85,000 | $423,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
783 | $163,216,000 |
$208,000 | $1,323,000 |
$85,000 | $423,000 |
| FHA-insured (Federal Housing Administration) |
91 | $16,311,000 |
$179,000 | $310,000 |
$58,000 | $123,000 |
| 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 | $150,000 |
$150,000 | $150,000 |
$39,000 | $39,000 |
| Application Denied By Financial Institution |
58 | $9,469,000 |
$163,000 | $551,000 |
$67,000 | $290,000 |
| Application Withdrawn By Applicant |
103 | $21,825,000 |
$211,000 | $1,323,000 |
$92,000 | $386,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
712 | $148,083,000 |
$207,000 | $1,089,000 |
$82,000 | $423,000 |
| 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 | $70,000 |
$70,000 | $70,000 |
$161,000 | $161,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $228,000 |
$228,000 | $228,000 |
$60,000 | $60,000 |
| Debt-To-Income Ratio |
4 | $508,000 |
$127,000 | $258,000 |
$60,000 | $96,000 |
| Employment History |
1 | $217,000 |
$217,000 | $217,000 |
$64,000 | $64,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $373,000 |
$124,000 | $224,000 |
$72,000 | $108,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NORTHEAST MORTGAGE CORPORATION by:
Metropolitan Area And
County
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