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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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RESIDENTIAL HOME FUNDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
RESIDENTIAL HOME FUNDING |
| Address | 17 S. FRANKLIN TURNPIKE
RAMSEY, NJ 07446 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,225 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $617,711,000 |
| Average Mortgage Loan Amount Applied For | $213,690 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $120,637 |
| Highest Applicant Income | $1,800,000 |
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| Home Improvement |
27 | $8,049,000 |
$298,000 | $1,000,000 |
$193,000 | $741,000 |
| Home Purchase |
1,297 | $333,802,000 |
$257,000 | $2,720,000 |
$135,000 | $1,213,000 |
| Refinancing |
903 | $276,210,000 |
$305,000 | $3,000,000 |
$130,000 | $1,800,000 |
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| American Indian or Alaskan Native |
7 | $2,083,000 |
$297,000 | $432,000 |
$104,000 | $237,000 |
| Asian |
39 | $11,614,000 |
$297,000 | $720,000 |
$137,000 | $243,000 |
| Black or African American |
301 | $75,840,000 |
$251,000 | $900,000 |
$113,000 | $602,000 |
| Hispanic |
525 | $158,611,000 |
$302,000 | $1,500,000 |
$133,000 | $1,487,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,365,000 |
$273,000 | $450,000 |
$138,000 | $280,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
467 | $120,685,000 |
$258,000 | $1,050,000 |
$107,000 | $815,000 |
| White |
883 | $247,863,000 |
$280,000 | $3,000,000 |
$155,000 | $1,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,187 | $607,121,000 |
$277,000 | $3,000,000 |
$134,000 | $1,800,000 |
| FHA-insured (Federal Housing Administration) |
39 | $10,608,000 |
$272,000 | $497,000 |
$80,000 | $264,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $332,000 |
$332,000 | $332,000 |
$112,000 | $112,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
25 | $6,613,000 |
$264,000 | $666,000 |
$138,000 | $249,000 |
| Application Denied By Financial Institution |
74 | $20,613,000 |
$278,000 | $1,280,000 |
$140,000 | $815,000 |
| Application Withdrawn By Applicant |
706 | $197,688,000 |
$280,000 | $2,568,000 |
$130,000 | $1,213,000 |
| File Closed For Incompleteness |
1 | $488,000 |
$488,000 | $488,000 |
$180,000 | $180,000 |
| Loan Originated |
1,418 | $391,937,000 |
$276,000 | $3,000,000 |
$135,000 | $1,800,000 |
| Loan Purchased By The Institution |
3 | $722,000 |
$240,000 | $305,000 |
$28,000 | $85,000 |
| 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 |
3 | $1,004,000 |
$334,000 | $440,000 |
$121,000 | $157,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $1,745,000 |
$249,000 | $508,000 |
$94,000 | $152,000 |
| Debt-To-Income Ratio |
2 | $342,000 |
$171,000 | $220,000 |
$117,000 | $119,000 |
| Employment History |
1 | $182,000 |
$182,000 | $182,000 |
$78,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $200,000 |
$200,000 | $200,000 |
$72,000 | $72,000 |
| Unverifiable Information |
3 | $774,000 |
$258,000 | $368,000 |
$96,000 | $125,000 |
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Mortgage Loan App Totals for RESIDENTIAL HOME FUNDING by:
Metropolitan Area And
County
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