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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 MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
POPULAR MORTGAGE CORP |
| Address | 8095 N. W. 12TH STREET, 4TH FLOOR
MIAMI, FL 33126 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,599 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $246,647,000 |
| Average Mortgage Loan Amount Applied For | $146,884 |
| Highest Mortgage Loan Amount Applied For | $1,850,000 |
| Average Applicant Income | $62,923 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
233 | $50,424,000 |
$216,000 | $1,000,000 |
$55,000 | $464,000 |
| Home Purchase |
1,355 | $189,961,000 |
$140,000 | $1,365,000 |
$64,000 | $600,000 |
| Refinancing |
45 | $11,045,000 |
$245,000 | $1,850,000 |
$63,000 | $276,000 |
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| American Indian or Alaskan Native |
3 | $380,000 |
$126,000 | $173,000 |
$89,000 | $104,000 |
| Asian |
11 | $1,395,000 |
$126,000 | $358,000 |
$67,000 | $108,000 |
| Black or African American |
205 | $32,118,000 |
$156,000 | $570,000 |
$55,000 | $192,000 |
| Hispanic |
1,074 | $163,863,000 |
$152,000 | $1,365,000 |
$61,000 | $600,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $64,000 |
$64,000 | $64,000 |
$60,000 | $60,000 |
| Not applicable |
1 | $256,000 |
$256,000 | $256,000 |
$79,000 | $79,000 |
| Not Provided |
88 | $15,428,000 |
$175,000 | $1,000,000 |
$69,000 | $464,000 |
| White |
250 | $37,926,000 |
$151,000 | $1,850,000 |
$75,000 | $540,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,560 | $239,070,000 |
$153,000 | $1,850,000 |
$64,000 | $600,000 |
| FHA-insured (Federal Housing Administration) |
72 | $12,130,000 |
$168,000 | $335,000 |
$45,000 | $118,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $230,000 |
$230,000 | $230,000 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
34 | $8,154,000 |
$239,000 | $760,000 |
$5,000 | $125,000 |
| Application Withdrawn By Applicant |
1,090 | $149,862,000 |
$137,000 | $1,850,000 |
$57,000 | $600,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
509 | $93,414,000 |
$183,000 | $700,000 |
$79,000 | $250,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for POPULAR MORTGAGE CORP by:
Metropolitan Area And
County
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