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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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PHH HOME LOANS
Mortgage Loans and Application Details
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| Mortgage Company Name |
PHH HOME LOANS |
| Address | 3000 LEADENHALL ROAD, 3RD FLOOR
MT. LAUREL, NJ 08054 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 48,896 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,535,243,000 |
| Average Mortgage Loan Amount Applied For | $170,577 |
| Highest Mortgage Loan Amount Applied For | $3,500,000 |
| Average Applicant Income | $98,387 |
| Highest Applicant Income | $9,662,000 |
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| Home Improvement |
233 | $57,888,000 |
$248,000 | $1,350,000 |
$105,000 | $610,000 |
| Home Purchase |
44,383 | $8,489,404,000 |
$191,000 | $3,500,000 |
$105,000 | $9,662,000 |
| Refinancing |
4,309 | $993,388,000 |
$230,000 | $1,590,000 |
$102,000 | $1,733,000 |
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| American Indian or Alaskan Native |
151 | $25,227,000 |
$167,000 | $900,000 |
$93,000 | $500,000 |
| Asian |
1,381 | $305,699,000 |
$221,000 | $1,500,000 |
$112,000 | $1,000,000 |
| Black or African American |
2,411 | $402,640,000 |
$167,000 | $1,590,000 |
$93,000 | $9,662,000 |
| Hispanic |
2,887 | $516,131,000 |
$178,000 | $1,100,000 |
$93,000 | $1,748,000 |
| Native Hawaiin or Other Pacific Islander |
92 | $19,621,000 |
$213,000 | $880,000 |
$96,000 | $360,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8,864 | $1,797,547,000 |
$202,000 | $3,500,000 |
$109,000 | $6,000,000 |
| White |
33,139 | $6,473,815,000 |
$195,000 | $2,600,000 |
$105,000 | $2,500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
47,644 | $9,313,665,000 |
$195,000 | $3,500,000 |
$105,000 | $9,662,000 |
| FHA-insured (Federal Housing Administration) |
622 | $92,059,000 |
$148,000 | $471,000 |
$61,000 | $800,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
659 | $134,956,000 |
$204,000 | $417,000 |
$72,000 | $251,000 |
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| Application Approved But Not Accepted |
3,674 | $737,332,000 |
$200,000 | $1,500,000 |
$104,000 | $1,532,000 |
| Application Denied By Financial Institution |
2,689 | $514,302,000 |
$191,000 | $2,400,000 |
$91,000 | $6,000,000 |
| Application Withdrawn By Applicant |
4,470 | $1,016,938,000 |
$227,000 | $3,500,000 |
$108,000 | $2,000,000 |
| File Closed For Incompleteness |
126 | $26,667,000 |
$211,000 | $700,000 |
$99,000 | $372,000 |
| Loan Originated |
37,935 | $7,239,816,000 |
$190,000 | $2,600,000 |
$105,000 | $9,662,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
30 | $5,565,000 |
$185,000 | $620,000 |
$86,000 | $236,000 |
| Preapproval Denied by Financial Institution |
1 | $60,000 |
$60,000 | $60,000 |
$118,000 | $118,000 |
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| Collateral |
782 | $145,690,000 |
$186,000 | $1,775,000 |
$98,000 | $1,429,000 |
| Credit Application Incomplete |
228 | $44,317,000 |
$194,000 | $988,000 |
$106,000 | $660,000 |
| Credit History |
455 | $76,510,000 |
$168,000 | $1,100,000 |
$71,000 | $400,000 |
| Debt-To-Income Ratio |
672 | $131,803,000 |
$196,000 | $2,080,000 |
$72,000 | $435,000 |
| Employment History |
48 | $8,151,000 |
$169,000 | $656,000 |
$76,000 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
318 | $67,431,000 |
$212,000 | $1,725,000 |
$114,000 | $6,000,000 |
| Mortgage Insurance Denied |
1 | $135,000 |
$135,000 | $135,000 |
$70,000 | $70,000 |
| Other |
134 | $30,359,000 |
$226,000 | $2,400,000 |
$127,000 | $1,550,000 |
| Unverifiable Information |
52 | $9,966,000 |
$191,000 | $685,000 |
$95,000 | $325,000 |
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Mortgage Loan App Totals for PHH HOME LOANS by:
Metropolitan Area And
County
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