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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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SALLIE MAE HOME LOANS
Mortgage Loans and Application Details
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| Mortgage Company Name |
SALLIE MAE HOME LOANS |
| Address | 28175 CABOT DR
NOVI, MI 48377 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 8,589 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,470,781,000 |
| Average Mortgage Loan Amount Applied For | $141,851 |
| Highest Mortgage Loan Amount Applied For | $2,860,000 |
| Average Applicant Income | $77,213 |
| Highest Applicant Income | $2,292,000 |
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| Home Improvement |
131 | $26,597,000 |
$203,000 | $1,000,000 |
$91,000 | $356,000 |
| Home Purchase |
5,137 | $834,801,000 |
$162,000 | $2,000,000 |
$80,000 | $1,588,000 |
| Refinancing |
3,971 | $700,044,000 |
$176,000 | $2,860,000 |
$87,000 | $2,292,000 |
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| American Indian or Alaskan Native |
39 | $5,787,000 |
$148,000 | $417,000 |
$72,000 | $194,000 |
| Asian |
201 | $41,805,000 |
$207,000 | $628,000 |
$75,000 | $300,000 |
| Black or African American |
757 | $123,426,000 |
$163,000 | $1,121,000 |
$74,000 | $636,000 |
| Hispanic |
583 | $107,084,000 |
$183,000 | $1,125,000 |
$75,000 | $660,000 |
| Native Hawaiin or Other Pacific Islander |
31 | $6,577,000 |
$212,000 | $483,000 |
$99,000 | $227,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
885 | $136,858,000 |
$154,000 | $2,000,000 |
$79,000 | $1,588,000 |
| White |
6,743 | $1,139,905,000 |
$169,000 | $2,860,000 |
$86,000 | $2,292,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
8,688 | $1,476,161,000 |
$169,000 | $2,860,000 |
$85,000 | $2,292,000 |
| FHA-insured (Federal Housing Administration) |
411 | $59,378,000 |
$144,000 | $325,000 |
$59,000 | $235,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
140 | $25,903,000 |
$185,000 | $417,000 |
$66,000 | $165,000 |
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| Application Approved But Not Accepted |
829 | $151,788,000 |
$183,000 | $2,000,000 |
$86,000 | $1,588,000 |
| Application Denied By Financial Institution |
772 | $131,109,000 |
$169,000 | $2,860,000 |
$80,000 | $2,292,000 |
| Application Withdrawn By Applicant |
183 | $34,942,000 |
$190,000 | $975,000 |
$75,000 | $617,000 |
| File Closed For Incompleteness |
4 | $797,000 |
$199,000 | $379,000 |
$40,000 | $80,000 |
| Loan Originated |
6,778 | $1,149,615,000 |
$169,000 | $2,000,000 |
$85,000 | $1,552,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
495 | $70,451,000 |
$142,000 | $675,000 |
$65,000 | $300,000 |
| Preapproval Denied by Financial Institution |
178 | $22,740,000 |
$127,000 | $560,000 |
$59,000 | $456,000 |
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| Collateral |
93 | $13,799,000 |
$148,000 | $772,000 |
$85,000 | $300,000 |
| Credit Application Incomplete |
1 | $130,000 |
$130,000 | $130,000 |
$55,000 | $55,000 |
| Credit History |
67 | $11,394,000 |
$170,000 | $800,000 |
$59,000 | $234,000 |
| Debt-To-Income Ratio |
98 | $16,038,000 |
$163,000 | $650,000 |
$63,000 | $770,000 |
| Employment History |
9 | $1,369,000 |
$152,000 | $403,000 |
$64,000 | $132,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $667,000 |
$111,000 | $305,000 |
$53,000 | $73,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
25 | $5,721,000 |
$228,000 | $1,000,000 |
$74,000 | $359,000 |
| Unverifiable Information |
33 | $6,464,000 |
$195,000 | $558,000 |
$84,000 | $196,000 |
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Mortgage Loan App Totals for SALLIE MAE HOME LOANS by:
Metropolitan Area And
County
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