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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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POPULAR HOUSING SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
POPULAR HOUSING SERVICES |
| Address | 301 LIPPINCOTT DR
MARLTON, NJ 08053 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,704 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $307,602,000 |
| Average Mortgage Loan Amount Applied For | $120,013 |
| Highest Mortgage Loan Amount Applied For | $97,391,000 |
| Average Applicant Income | $44,425 |
| Highest Applicant Income | $6,000,000 |
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| Home Improvement |
4 | $464,000 |
$116,000 | $182,000 |
$43,000 | $78,000 |
| Home Purchase |
2,747 | $311,732,000 |
$113,000 | $97,391,000 |
$45,000 | $6,000,000 |
| Refinancing |
38 | $2,493,000 |
$65,000 | $190,000 |
$61,000 | $240,000 |
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| American Indian or Alaskan Native |
15 | $1,137,000 |
$75,000 | $159,000 |
$41,000 | $65,000 |
| Asian |
9 | $676,000 |
$75,000 | $121,000 |
$59,000 | $120,000 |
| Black or African American |
158 | $107,684,000 |
$681,000 | $97,391,000 |
$37,000 | $141,000 |
| Hispanic |
73 | $4,865,000 |
$66,000 | $160,000 |
$43,000 | $100,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $429,000 |
$85,000 | $143,000 |
$42,000 | $76,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
268 | $19,815,000 |
$73,000 | $202,000 |
$41,000 | $122,000 |
| White |
2,261 | $180,083,000 |
$79,000 | $23,772,000 |
$47,000 | $6,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,789 | $314,689,000 |
$112,000 | $97,391,000 |
$46,000 | $6,000,000 |
| 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 |
144 | $10,173,000 |
$70,000 | $185,000 |
$48,000 | $142,000 |
| Application Denied By Financial Institution |
1,618 | $135,432,000 |
$83,000 | $23,772,000 |
$44,000 | $6,000,000 |
| Application Withdrawn By Applicant |
81 | $5,797,000 |
$71,000 | $182,000 |
$48,000 | $120,000 |
| File Closed For Incompleteness |
1 | $68,000 |
$68,000 | $68,000 |
$15,000 | $15,000 |
| Loan Originated |
945 | $163,219,000 |
$172,000 | $97,391,000 |
$47,000 | $720,000 |
| 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 |
1 | $22,000 |
$22,000 | $22,000 |
$33,000 | $33,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
339 | $23,239,000 |
$68,000 | $187,000 |
$42,000 | $176,000 |
| Debt-To-Income Ratio |
85 | $6,615,000 |
$77,000 | $196,000 |
$31,000 | $67,000 |
| Employment History |
6 | $303,000 |
$50,000 | $74,000 |
$62,000 | $178,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $595,000 |
$59,000 | $128,000 |
$33,000 | $53,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for POPULAR HOUSING SERVICES by:
Metropolitan Area And
County
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