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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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REFINANCE.COM
Mortgage Loans and Application Details
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| Mortgage Company Name |
REFINANCE.COM |
| Address | 60 OAK DRIVE
SYOSSET, NY 11791 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2006 |
| Total Number of Mortgage Loan Applications Processed | 7,504 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,837,438,000 |
| Average Mortgage Loan Amount Applied For | $205,799 |
| Highest Mortgage Loan Amount Applied For | $9,250,000 |
| Average Applicant Income | $71,710 |
| Highest Applicant Income | $7,000,000 |
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| Home Improvement |
3 | $926,000 |
$308,000 | $401,000 |
$98,000 | $120,000 |
| Home Purchase |
274 | $79,140,000 |
$288,000 | $9,250,000 |
$119,000 | $7,000,000 |
| Refinancing |
7,259 | $1,766,341,000 |
$243,000 | $7,500,000 |
$78,000 | $4,000,000 |
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| American Indian or Alaskan Native |
17 | $4,036,000 |
$237,000 | $462,000 |
$72,000 | $213,000 |
| Asian |
112 | $30,510,000 |
$272,000 | $975,000 |
$84,000 | $420,000 |
| Black or African American |
1,203 | $280,580,000 |
$233,000 | $1,050,000 |
$71,000 | $533,000 |
| Hispanic |
691 | $174,147,000 |
$252,000 | $1,785,000 |
$77,000 | $420,000 |
| Native Hawaiin or Other Pacific Islander |
24 | $7,487,000 |
$311,000 | $740,000 |
$93,000 | $181,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
505 | $139,190,000 |
$275,000 | $2,300,000 |
$96,000 | $1,080,000 |
| White |
4,984 | $1,210,457,000 |
$242,000 | $9,250,000 |
$80,000 | $7,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,955 | $1,721,945,000 |
$247,000 | $9,250,000 |
$80,000 | $7,000,000 |
| FHA-insured (Federal Housing Administration) |
581 | $124,462,000 |
$214,000 | $512,000 |
$66,000 | $240,000 |
| 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 |
458 | $115,750,000 |
$252,000 | $3,100,000 |
$83,000 | $4,000,000 |
| Application Denied By Financial Institution |
389 | $98,498,000 |
$253,000 | $2,300,000 |
$85,000 | $727,000 |
| Application Withdrawn By Applicant |
2,662 | $658,224,000 |
$247,000 | $9,250,000 |
$82,000 | $7,000,000 |
| File Closed For Incompleteness |
5 | $1,148,000 |
$229,000 | $313,000 |
$84,000 | $120,000 |
| Loan Originated |
4,022 | $972,787,000 |
$241,000 | $7,500,000 |
$76,000 | $2,400,000 |
| 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 |
172 | $45,497,000 |
$264,000 | $2,300,000 |
$98,000 | $727,000 |
| Credit Application Incomplete |
1 | $394,000 |
$394,000 | $394,000 |
$66,000 | $66,000 |
| Credit History |
68 | $15,749,000 |
$231,000 | $1,437,000 |
$67,000 | $348,000 |
| Debt-To-Income Ratio |
26 | $6,394,000 |
$245,000 | $450,000 |
$68,000 | $117,000 |
| Employment History |
5 | $1,097,000 |
$219,000 | $318,000 |
$85,000 | $124,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $594,000 |
$148,000 | $320,000 |
$96,000 | $110,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
75 | $18,730,000 |
$249,000 | $1,000,000 |
$87,000 | $282,000 |
| Unverifiable Information |
4 | $1,424,000 |
$356,000 | $570,000 |
$83,000 | $126,000 |
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Mortgage Loan App Totals for REFINANCE.COM by:
Metropolitan Area And
County
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