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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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PROFESSIONAL MORTGAGE BANKERS
Mortgage Loans and Application Details
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| Mortgage Company Name |
PROFESSIONAL MORTGAGE BANKERS |
| Address | 400 POST AVENUE
WESTBURY, NY 11590 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 632 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $165,360,000 |
| Average Mortgage Loan Amount Applied For | $185,200 |
| Highest Mortgage Loan Amount Applied For | $775,000 |
| Average Applicant Income | $87,040 |
| Highest Applicant Income | $754,000 |
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| Home Improvement |
1 | $500,000 |
$500,000 | $500,000 |
$96,000 | $96,000 |
| Home Purchase |
513 | $127,614,000 |
$248,000 | $607,000 |
$100,000 | $406,000 |
| Refinancing |
118 | $37,246,000 |
$315,000 | $775,000 |
$99,000 | $754,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
17 | $4,387,000 |
$258,000 | $488,000 |
$93,000 | $176,000 |
| Black or African American |
161 | $44,824,000 |
$278,000 | $614,000 |
$97,000 | $246,000 |
| Hispanic |
349 | $91,340,000 |
$261,000 | $630,000 |
$98,000 | $173,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $449,000 |
$449,000 | $449,000 |
$179,000 | $179,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $1,215,000 |
$303,000 | $475,000 |
$91,000 | $147,000 |
| White |
100 | $23,145,000 |
$231,000 | $775,000 |
$110,000 | $754,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
418 | $95,680,000 |
$228,000 | $775,000 |
$103,000 | $754,000 |
| FHA-insured (Federal Housing Administration) |
214 | $69,680,000 |
$325,000 | $607,000 |
$93,000 | $168,000 |
| 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 |
3 | $708,000 |
$236,000 | $340,000 |
$0 | $0 |
| Application Denied By Financial Institution |
25 | $7,304,000 |
$292,000 | $614,000 |
$106,000 | $152,000 |
| Application Withdrawn By Applicant |
157 | $39,646,000 |
$252,000 | $775,000 |
$106,000 | $754,000 |
| File Closed For Incompleteness |
4 | $1,018,000 |
$254,000 | $380,000 |
$98,000 | $126,000 |
| Loan Originated |
443 | $116,684,000 |
$263,000 | $630,000 |
$98,000 | $406,000 |
| 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 | $534,000 |
$534,000 | $534,000 |
$144,000 | $144,000 |
| Credit Application Incomplete |
2 | $390,000 |
$195,000 | $328,000 |
$102,000 | $102,000 |
| Credit History |
4 | $1,086,000 |
$271,000 | $368,000 |
$93,000 | $105,000 |
| Debt-To-Income Ratio |
2 | $457,000 |
$228,000 | $284,000 |
$73,000 | $104,000 |
| Employment History |
1 | $614,000 |
$614,000 | $614,000 |
$145,000 | $145,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $3,074,000 |
$279,000 | $566,000 |
$112,000 | $152,000 |
| Unverifiable Information |
2 | $690,000 |
$345,000 | $365,000 |
$110,000 | $122,000 |
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Mortgage Loan App Totals for PROFESSIONAL MORTGAGE BANKERS by:
Metropolitan Area And
County
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