|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
SELECT MORTGAGE CORPORATION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
SELECT MORTGAGE CORPORATION |
| Address | 420A BENIGNO BOULEVARD
BELLAMWR, NJ 08031 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 378 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $80,768,000 |
| Average Mortgage Loan Amount Applied For | $223,303 |
| Highest Mortgage Loan Amount Applied For | $1,750,000 |
| Average Applicant Income | $79,606 |
| Highest Applicant Income | $1,572,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
209 | $40,808,000 |
$195,000 | $1,750,000 |
$91,000 | $887,000 |
| Refinancing |
169 | $39,960,000 |
$236,000 | $650,000 |
$94,000 | $1,572,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $494,000 |
$247,000 | $416,000 |
$138,000 | $138,000 |
| Black or African American |
49 | $7,630,000 |
$155,000 | $364,000 |
$72,000 | $134,000 |
| Hispanic |
12 | $2,740,000 |
$228,000 | $443,000 |
$60,000 | $186,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
315 | $69,904,000 |
$221,000 | $1,750,000 |
$97,000 | $1,572,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
308 | $66,449,000 |
$215,000 | $1,750,000 |
$98,000 | $1,572,000 |
| FHA-insured (Federal Housing Administration) |
65 | $13,273,000 |
$204,000 | $443,000 |
$68,000 | $153,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
5 | $1,046,000 |
$209,000 | $363,000 |
$60,000 | $102,000 |
|
|
| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
10 | $2,334,000 |
$233,000 | $650,000 |
$75,000 | $168,000 |
| Application Withdrawn By Applicant |
121 | $25,316,000 |
$209,000 | $1,750,000 |
$109,000 | $1,572,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
247 | $53,118,000 |
$215,000 | $545,000 |
$85,000 | $600,000 |
| 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 |
|
|
| Collateral |
4 | $974,000 |
$243,000 | $347,000 |
$55,000 | $114,000 |
| Credit Application Incomplete |
1 | $70,000 |
$70,000 | $70,000 |
$98,000 | $98,000 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
3 | $460,000 |
$153,000 | $250,000 |
$67,000 | $110,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
2 | $830,000 |
$415,000 | $650,000 |
$117,000 | $168,000 |
|
Mortgage Loan App Totals for SELECT MORTGAGE CORPORATION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
