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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 MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PHH MORTGAGE CORPORATION |
| Address | 3000 LEADENHALL ROAD, LEGAL
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 | 146,087 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,147,600,000 |
| Average Mortgage Loan Amount Applied For | $130,280 |
| Highest Mortgage Loan Amount Applied For | $4,000,000 |
| Average Applicant Income | $73,809 |
| Highest Applicant Income | $8,554,000 |
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| Home Improvement |
3,006 | $607,824,000 |
$202,000 | $1,755,000 |
$89,000 | $2,150,000 |
| Home Purchase |
97,689 | $16,105,389,000 |
$164,000 | $4,000,000 |
$91,000 | $8,554,000 |
| Refinancing |
45,392 | $9,434,387,000 |
$207,000 | $3,900,000 |
$93,000 | $7,996,000 |
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| American Indian or Alaskan Native |
582 | $77,019,000 |
$132,000 | $750,000 |
$66,000 | $396,000 |
| Asian |
1,985 | $430,975,000 |
$217,000 | $1,500,000 |
$114,000 | $1,380,000 |
| Black or African American |
7,369 | $1,051,827,000 |
$142,000 | $1,000,000 |
$70,000 | $1,750,000 |
| Hispanic |
7,013 | $1,182,300,000 |
$168,000 | $1,298,000 |
$83,000 | $3,000,000 |
| Native Hawaiin or Other Pacific Islander |
337 | $74,916,000 |
$222,000 | $1,000,000 |
$105,000 | $583,000 |
| Not applicable |
43,303 | $9,995,377,000 |
$230,000 | $3,900,000 |
$109,000 | $8,554,000 |
| Not Provided |
16,458 | $2,713,277,000 |
$164,000 | $3,900,000 |
$91,000 | $4,680,000 |
| White |
69,040 | $10,621,909,000 |
$153,000 | $4,000,000 |
$83,000 | $4,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
134,156 | $24,191,675,000 |
$180,000 | $4,000,000 |
$94,000 | $8,554,000 |
| FHA-insured (Federal Housing Administration) |
3,395 | $388,674,000 |
$114,000 | $444,000 |
$50,000 | $1,200,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
8,536 | $1,567,251,000 |
$183,000 | $619,000 |
$68,000 | $6,884,000 |
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| Application Approved But Not Accepted |
6,745 | $1,122,987,000 |
$166,000 | $1,208,000 |
$92,000 | $3,917,000 |
| Application Denied By Financial Institution |
11,061 | $1,555,778,000 |
$140,000 | $4,000,000 |
$65,000 | $1,726,000 |
| Application Withdrawn By Applicant |
9,445 | $1,658,771,000 |
$175,000 | $2,850,000 |
$89,000 | $3,000,000 |
| File Closed For Incompleteness |
668 | $110,692,000 |
$165,000 | $1,100,000 |
$75,000 | $455,000 |
| Loan Originated |
74,865 | $11,703,995,000 |
$156,000 | $3,900,000 |
$85,000 | $4,800,000 |
| Loan Purchased By The Institution |
43,303 | $9,995,377,000 |
$230,000 | $3,900,000 |
$109,000 | $8,554,000 |
| 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 |
3,452 | $466,263,000 |
$135,000 | $1,297,000 |
$74,000 | $1,500,000 |
| Credit Application Incomplete |
596 | $91,791,000 |
$154,000 | $1,200,000 |
$87,000 | $630,000 |
| Credit History |
2,572 | $335,838,000 |
$130,000 | $1,000,000 |
$56,000 | $1,320,000 |
| Debt-To-Income Ratio |
2,533 | $400,836,000 |
$158,000 | $1,170,000 |
$54,000 | $666,000 |
| Employment History |
158 | $19,392,000 |
$122,000 | $568,000 |
$56,000 | $360,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1,091 | $154,635,000 |
$141,000 | $4,000,000 |
$64,000 | $1,200,000 |
| Mortgage Insurance Denied |
6 | $442,000 |
$73,000 | $133,000 |
$39,000 | $54,000 |
| Other |
496 | $68,686,000 |
$138,000 | $1,116,000 |
$85,000 | $1,726,000 |
| Unverifiable Information |
157 | $17,895,000 |
$113,000 | $572,000 |
$73,000 | $381,000 |
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Mortgage Loan App Totals for PHH MORTGAGE CORPORATION by:
Metropolitan Area And
County
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