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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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PRECISION FINANCIAL INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
PRECISION FINANCIAL INC. |
| Address | 6800 JERICHO TURNPIKE SUITE 206E
SYOSSET, NY 11791 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,031 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $515,091,000 |
| Average Mortgage Loan Amount Applied For | $218,495 |
| Highest Mortgage Loan Amount Applied For | $2,363,000 |
| Average Applicant Income | $94,030 |
| Highest Applicant Income | $1,620,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
289 | $78,226,000 |
$270,000 | $2,363,000 |
$142,000 | $720,000 |
| Refinancing |
1,742 | $436,865,000 |
$250,000 | $2,140,000 |
$94,000 | $1,620,000 |
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| American Indian or Alaskan Native |
7 | $1,786,000 |
$255,000 | $440,000 |
$80,000 | $121,000 |
| Asian |
41 | $11,762,000 |
$286,000 | $805,000 |
$134,000 | $456,000 |
| Black or African American |
495 | $124,792,000 |
$252,000 | $845,000 |
$91,000 | $317,000 |
| Hispanic |
269 | $70,678,000 |
$262,000 | $1,650,000 |
$98,000 | $850,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $925,000 |
$462,000 | $735,000 |
$125,000 | $193,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
320 | $76,964,000 |
$240,000 | $1,300,000 |
$89,000 | $348,000 |
| White |
897 | $228,184,000 |
$254,000 | $2,363,000 |
$109,000 | $1,620,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,031 | $515,091,000 |
$253,000 | $2,363,000 |
$100,000 | $1,620,000 |
| 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 |
206 | $53,820,000 |
$261,000 | $2,140,000 |
$96,000 | $1,620,000 |
| Application Denied By Financial Institution |
109 | $25,304,000 |
$232,000 | $640,000 |
$87,000 | $261,000 |
| Application Withdrawn By Applicant |
489 | $128,613,000 |
$263,000 | $2,363,000 |
$98,000 | $649,000 |
| File Closed For Incompleteness |
24 | $5,744,000 |
$239,000 | $589,000 |
$77,000 | $204,000 |
| Loan Originated |
1,202 | $301,329,000 |
$250,000 | $1,744,000 |
$104,000 | $850,000 |
| Loan Purchased By The Institution |
1 | $281,000 |
$281,000 | $281,000 |
$91,000 | $91,000 |
| 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 |
1 | $94,000 |
$94,000 | $94,000 |
$44,000 | $44,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $309,000 |
$309,000 | $309,000 |
$78,000 | $78,000 |
| 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 |
4 | $1,071,000 |
$267,000 | $356,000 |
$86,000 | $144,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PRECISION FINANCIAL INC. by:
Metropolitan Area And
County
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