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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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NORTHERN STATES FUNDING GROUP
Mortgage Loans and Application Details
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| Mortgage Company Name |
NORTHERN STATES FUNDING GROUP |
| Address | 604 BIRCHFILED DR.
MT. LAUREL, NJ 08054 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 554 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $87,859,000 |
| Average Mortgage Loan Amount Applied For | $208,062 |
| Highest Mortgage Loan Amount Applied For | $646,000 |
| Average Applicant Income | $100,750 |
| Highest Applicant Income | $480,000 |
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| Home Improvement |
1 | $166,000 |
$166,000 | $166,000 |
$100,000 | $100,000 |
| Home Purchase |
430 | $66,980,000 |
$155,000 | $550,000 |
$71,000 | $480,000 |
| Refinancing |
123 | $20,713,000 |
$168,000 | $646,000 |
$73,000 | $191,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
9 | $1,556,000 |
$172,000 | $296,000 |
$88,000 | $144,000 |
| Black or African American |
54 | $9,084,000 |
$168,000 | $404,000 |
$70,000 | $180,000 |
| Hispanic |
23 | $3,445,000 |
$149,000 | $340,000 |
$68,000 | $216,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3 | $469,000 |
$156,000 | $231,000 |
$112,000 | $129,000 |
| White |
465 | $73,305,000 |
$157,000 | $646,000 |
$71,000 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
441 | $68,854,000 |
$156,000 | $646,000 |
$74,000 | $480,000 |
| FHA-insured (Federal Housing Administration) |
105 | $17,445,000 |
$166,000 | $275,000 |
$61,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8 | $1,560,000 |
$195,000 | $310,000 |
$69,000 | $89,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
14 | $1,696,000 |
$121,000 | $292,000 |
$92,000 | $180,000 |
| Application Withdrawn By Applicant |
42 | $7,172,000 |
$170,000 | $396,000 |
$62,000 | $180,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
498 | $78,991,000 |
$158,000 | $646,000 |
$72,000 | $480,000 |
| 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 |
4 | $624,000 |
$156,000 | $292,000 |
$120,000 | $180,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $187,000 |
$187,000 | $187,000 |
$108,000 | $108,000 |
| Debt-To-Income Ratio |
1 | $258,000 |
$258,000 | $258,000 |
$74,000 | $74,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $572,000 |
$81,000 | $280,000 |
$79,000 | $127,000 |
| Unverifiable Information |
1 | $55,000 |
$55,000 | $55,000 |
$80,000 | $80,000 |
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Mortgage Loan App Totals for NORTHERN STATES FUNDING GROUP by:
Metropolitan Area And
County
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