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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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SLM FINANCIAL CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SLM FINANCIAL CORPORATION |
| Address | 6000 COMMERCE PARKWAY SUITE A
MT LAUREL, NJ 08054 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 7,544 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $491,337,000 |
| Average Mortgage Loan Amount Applied For | $69,448 |
| Highest Mortgage Loan Amount Applied For | $6,080,000 |
| Average Applicant Income | $63,325 |
| Highest Applicant Income | $5,576,000 |
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| Home Improvement |
5,559 | $58,024,000 |
$10,000 | $900,000 |
$52,000 | $945,000 |
| Home Purchase |
823 | $174,585,000 |
$212,000 | $5,350,000 |
$125,000 | $2,512,000 |
| Refinancing |
1,246 | $260,748,000 |
$209,000 | $6,080,000 |
$126,000 | $5,576,000 |
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| American Indian or Alaskan Native |
19 | $1,492,000 |
$78,000 | $450,000 |
$58,000 | $264,000 |
| Asian |
33 | $3,485,000 |
$105,000 | $472,000 |
$79,000 | $156,000 |
| Black or African American |
687 | $28,489,000 |
$41,000 | $743,000 |
$60,000 | $840,000 |
| Hispanic |
174 | $5,752,000 |
$33,000 | $600,000 |
$51,000 | $214,000 |
| Native Hawaiin or Other Pacific Islander |
12 | $841,000 |
$70,000 | $362,000 |
$83,000 | $132,000 |
| Not applicable |
101 | $148,197,000 |
$1,467,000 | $6,080,000 |
$825,000 | $5,576,000 |
| Not Provided |
3,216 | $97,933,000 |
$30,000 | $1,425,000 |
$56,000 | $2,358,000 |
| White |
3,386 | $207,168,000 |
$61,000 | $3,538,000 |
$69,000 | $2,433,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,320 | $455,165,000 |
$62,000 | $6,080,000 |
$73,000 | $5,576,000 |
| FHA-insured (Federal Housing Administration) |
262 | $30,663,000 |
$117,000 | $266,000 |
$52,000 | $233,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
46 | $7,529,000 |
$163,000 | $417,000 |
$60,000 | $121,000 |
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| Application Approved But Not Accepted |
748 | $16,151,000 |
$21,000 | $1,232,000 |
$57,000 | $1,154,000 |
| Application Denied By Financial Institution |
1,530 | $34,082,000 |
$22,000 | $620,000 |
$45,000 | $945,000 |
| Application Withdrawn By Applicant |
702 | $55,939,000 |
$79,000 | $1,393,000 |
$73,000 | $902,000 |
| File Closed For Incompleteness |
41 | $6,059,000 |
$147,000 | $472,000 |
$76,000 | $253,000 |
| Loan Originated |
4,607 | $381,126,000 |
$82,000 | $6,080,000 |
$84,000 | $5,576,000 |
| 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 |
46 | $3,185,000 |
$69,000 | $245,000 |
$61,000 | $155,000 |
| Credit Application Incomplete |
1 | $11,000 |
$11,000 | $11,000 |
$47,000 | $47,000 |
| Credit History |
739 | $14,906,000 |
$20,000 | $370,000 |
$43,000 | $650,000 |
| Debt-To-Income Ratio |
111 | $3,557,000 |
$32,000 | $580,000 |
$47,000 | $253,000 |
| Employment History |
5 | $229,000 |
$45,000 | $100,000 |
$30,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
9 | $755,000 |
$83,000 | $158,000 |
$42,000 | $64,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
24 | $1,587,000 |
$66,000 | $308,000 |
$47,000 | $182,000 |
| Unverifiable Information |
5 | $908,000 |
$181,000 | $620,000 |
$101,000 | $198,000 |
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Mortgage Loan App Totals for SLM FINANCIAL CORPORATION by:
Metropolitan Area And
County
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