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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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SECURITY ATLANTIC WHOLESALE
Mortgage Loans and Application Details
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| Mortgage Company Name |
SECURITY ATLANTIC WHOLESALE |
| Address | 619 AMBOY AVE 2ND FLOOR
EDISON, NJ 08837 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,823 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $825,338,000 |
| Average Mortgage Loan Amount Applied For | $183,935 |
| Highest Mortgage Loan Amount Applied For | $1,950,000 |
| Average Applicant Income | $76,686 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,944 | $386,437,000 |
$198,000 | $1,740,000 |
$88,000 | $1,200,000 |
| Refinancing |
1,879 | $438,901,000 |
$233,000 | $1,950,000 |
$87,000 | $1,200,000 |
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| American Indian or Alaskan Native |
10 | $1,957,000 |
$195,000 | $600,000 |
$104,000 | $256,000 |
| Asian |
41 | $11,693,000 |
$285,000 | $524,000 |
$131,000 | $1,200,000 |
| Black or African American |
1,105 | $208,459,000 |
$188,000 | $1,600,000 |
$77,000 | $600,000 |
| Hispanic |
929 | $210,639,000 |
$226,000 | $1,950,000 |
$87,000 | $1,200,000 |
| Native Hawaiin or Other Pacific Islander |
9 | $2,017,000 |
$224,000 | $470,000 |
$65,000 | $99,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
210 | $47,506,000 |
$226,000 | $1,134,000 |
$87,000 | $496,000 |
| White |
1,519 | $343,067,000 |
$225,000 | $1,775,000 |
$94,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,362 | $517,235,000 |
$218,000 | $1,950,000 |
$98,000 | $1,200,000 |
| FHA-insured (Federal Housing Administration) |
1,461 | $308,103,000 |
$210,000 | $701,000 |
$69,000 | $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 |
539 | $121,411,000 |
$225,000 | $1,600,000 |
$91,000 | $600,000 |
| Application Denied By Financial Institution |
117 | $30,589,000 |
$261,000 | $1,950,000 |
$85,000 | $420,000 |
| Application Withdrawn By Applicant |
1,978 | $432,343,000 |
$218,000 | $1,750,000 |
$89,000 | $1,200,000 |
| File Closed For Incompleteness |
3 | $372,000 |
$124,000 | $183,000 |
$23,000 | $46,000 |
| Loan Originated |
1,186 | $240,623,000 |
$202,000 | $875,000 |
$82,000 | $736,000 |
| 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 |
7 | $955,000 |
$136,000 | $293,000 |
$75,000 | $117,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $660,000 |
$132,000 | $217,000 |
$49,000 | $78,000 |
| Debt-To-Income Ratio |
4 | $471,000 |
$117,000 | $190,000 |
$53,000 | $94,000 |
| 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 |
8 | $1,506,000 |
$188,000 | $420,000 |
$99,000 | $228,000 |
| Unverifiable Information |
1 | $480,000 |
$480,000 | $480,000 |
$147,000 | $147,000 |
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Mortgage Loan App Totals for SECURITY ATLANTIC WHOLESALE by:
Metropolitan Area And
County
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