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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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OAK MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
OAK MORTGAGE COMPANY |
| Address | 10000 LINCOLN DRIVE WEST SUITE 3
MARLTON, NJ 08053 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 436 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $105,198,000 |
| Average Mortgage Loan Amount Applied For | $286,064 |
| Highest Mortgage Loan Amount Applied For | $750,000 |
| Average Applicant Income | $167,451 |
| Highest Applicant Income | $660,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
363 | $88,054,000 |
$242,000 | $750,000 |
$112,000 | $632,000 |
| Refinancing |
73 | $17,144,000 |
$234,000 | $675,000 |
$116,000 | $660,000 |
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| American Indian or Alaskan Native |
1 | $341,000 |
$341,000 | $341,000 |
$116,000 | $116,000 |
| Asian |
31 | $8,350,000 |
$269,000 | $460,000 |
$100,000 | $300,000 |
| Black or African American |
46 | $12,029,000 |
$261,000 | $564,000 |
$104,000 | $207,000 |
| Hispanic |
12 | $3,411,000 |
$284,000 | $372,000 |
$64,000 | $150,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $645,000 |
$215,000 | $229,000 |
$91,000 | $101,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
343 | $80,422,000 |
$234,000 | $750,000 |
$117,000 | $660,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
436 | $105,198,000 |
$241,000 | $750,000 |
$113,000 | $660,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
6 | $1,558,000 |
$259,000 | $362,000 |
$137,000 | $412,000 |
| Application Withdrawn By Applicant |
56 | $13,658,000 |
$243,000 | $400,000 |
$130,000 | $632,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
374 | $89,982,000 |
$240,000 | $750,000 |
$110,000 | $660,000 |
| 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 |
2 | $434,000 |
$217,000 | $305,000 |
$63,000 | $97,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $543,000 |
$271,000 | $304,000 |
$90,000 | $114,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $362,000 |
$362,000 | $362,000 |
$105,000 | $105,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $219,000 |
$219,000 | $219,000 |
$412,000 | $412,000 |
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Mortgage Loan App Totals for OAK MORTGAGE COMPANY by:
Metropolitan Area And
County
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