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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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NVR MORTGAGE FINANCE INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
NVR MORTGAGE FINANCE INC. |
| Address | 121 HILLPOINTE DRIVE, STE. 100
CANONSBURG, PA 15317 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 13,027 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,328,331,000 |
| Average Mortgage Loan Amount Applied For | $239,414 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $82,726 |
| Highest Applicant Income | $1,638,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
13,007 | $3,323,316,000 |
$255,000 | $1,500,000 |
$85,000 | $1,638,000 |
| Refinancing |
20 | $5,015,000 |
$250,000 | $645,000 |
$79,000 | $434,000 |
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| American Indian or Alaskan Native |
51 | $14,033,000 |
$275,000 | $774,000 |
$105,000 | $360,000 |
| Asian |
1,315 | $389,344,000 |
$296,000 | $1,500,000 |
$82,000 | $1,638,000 |
| Black or African American |
2,388 | $651,375,000 |
$272,000 | $1,376,000 |
$83,000 | $473,000 |
| Hispanic |
599 | $154,847,000 |
$258,000 | $944,000 |
$61,000 | $492,000 |
| Native Hawaiin or Other Pacific Islander |
58 | $14,176,000 |
$244,000 | $800,000 |
$79,000 | $228,000 |
| Not applicable |
5 | $1,402,000 |
$280,000 | $541,000 |
$103,000 | $137,000 |
| Not Provided |
291 | $73,746,000 |
$253,000 | $749,000 |
$91,000 | $778,000 |
| White |
8,320 | $2,029,408,000 |
$243,000 | $1,500,000 |
$87,000 | $1,356,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
12,233 | $3,161,998,000 |
$258,000 | $1,500,000 |
$86,000 | $1,638,000 |
| FHA-insured (Federal Housing Administration) |
481 | $86,277,000 |
$179,000 | $360,000 |
$66,000 | $600,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $150,000 |
$150,000 | $150,000 |
$59,000 | $59,000 |
| VA-guaranteed (Veterans Administration) |
312 | $79,906,000 |
$256,000 | $417,000 |
$84,000 | $193,000 |
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| Application Approved But Not Accepted |
416 | $122,960,000 |
$295,000 | $1,000,000 |
$85,000 | $1,105,000 |
| Application Denied By Financial Institution |
173 | $36,027,000 |
$208,000 | $700,000 |
$71,000 | $834,000 |
| Application Withdrawn By Applicant |
2,473 | $580,278,000 |
$234,000 | $1,500,000 |
$78,000 | $1,638,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
9,965 | $2,589,066,000 |
$259,000 | $1,500,000 |
$87,000 | $1,355,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
11 | $2,444,000 |
$222,000 | $390,000 |
$52,000 | $312,000 |
| Credit History |
44 | $9,258,000 |
$210,000 | $473,000 |
$60,000 | $217,000 |
| Debt-To-Income Ratio |
36 | $8,673,000 |
$240,000 | $700,000 |
$86,000 | $212,000 |
| Employment History |
9 | $1,289,000 |
$143,000 | $318,000 |
$84,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
9 | $1,563,000 |
$173,000 | $369,000 |
$57,000 | $320,000 |
| Mortgage Insurance Denied |
1 | $152,000 |
$152,000 | $152,000 |
$23,000 | $23,000 |
| Other |
51 | $10,634,000 |
$208,000 | $673,000 |
$81,000 | $834,000 |
| Unverifiable Information |
12 | $2,014,000 |
$167,000 | $296,000 |
$56,000 | $141,000 |
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Mortgage Loan App Totals for NVR MORTGAGE FINANCE INC. by:
Metropolitan Area And
County
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