| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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SOUTHERN STAR MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHERN STAR MORTGAGE CORP |
| Address | 90 MERRICK AVENUE SUITE 204
EAST MEADOW, NY 11554 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| Data Years (click a year for detail) | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,980 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,672,559,000 |
| Average Mortgage Loan Amount Applied For | $239,573 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $79,518 |
| Highest Applicant Income | $1,554,000 |
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| Home Improvement |
3 | $1,378,000 |
$407,500 | $570,000 |
$202,500 | $247,000 |
| Home Purchase |
2,518 | $645,167,000 |
$273,840 | $3,000,000 |
$94,760 | $1,554,000 |
| Refinancing |
3,626 | $1,069,019,000 |
$234,703 | $2,000,000 |
$80,666 | $1,288,000 |
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| American Indian or Alaskan Native |
7 | $1,556,000 |
$242,500 | $401,000 |
$106,750 | $183,000 |
| Asian |
251 | $70,533,000 |
$206,222 | $746,000 |
$125,333 | $810,000 |
| Black or African American |
1,067 | $270,145,000 |
$205,000 | $1,669,000 |
$85,733 | $1,056,000 |
| Hispanic |
616 | $162,196,000 |
$209,571 | $1,000,000 |
$83,857 | $1,554,000 |
| Native Hawaiin or Other Pacific Islander |
61 | $15,881,000 |
$205,250 | $617,000 |
$68,000 | $179,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3,349 | $966,820,000 |
$231,703 | $3,000,000 |
$72,370 | $1,288,000 |
| White |
796 | $228,433,000 |
$312,190 | $2,880,000 |
$113,714 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,091 | $1,704,617,000 |
$273,833 | $3,000,000 |
$93,500 | $1,554,000 |
| FHA-insured (Federal Housing Administration) |
56 | $10,947,000 |
$162,200 | $450,000 |
$42,400 | $166,000 |
| 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 |
2 | $632,000 |
$316,000 | $432,000 |
$46,000 | $92,000 |
| Application Denied By Financial Institution |
84 | $23,088,000 |
$219,444 | $732,000 |
$62,777 | $348,000 |
| Application Withdrawn By Applicant |
3,014 | $875,576,000 |
$294,379 | $3,000,000 |
$90,000 | $1,554,000 |
| File Closed For Incompleteness |
2 | $1,356,000 |
$678,000 | $691,000 |
$168,500 | $261,000 |
| Loan Originated |
3,045 | $814,912,000 |
$185,375 | $1,470,000 |
$85,958 | $1,288,000 |
| 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 |
12 | $2,797,000 |
$214,666 | $612,000 |
$172,000 | $348,000 |
| Credit Application Incomplete |
2 | $546,000 |
$273,000 | $450,000 |
$70,000 | $96,000 |
| Credit History |
10 | $2,877,000 |
$273,000 | $556,000 |
$75,333 | $181,000 |
| Debt-To-Income Ratio |
10 | $2,742,000 |
$274,000 | $487,000 |
$56,000 | $91,000 |
| Employment History |
4 | $1,372,000 |
$304,000 | $732,000 |
$99,500 | $177,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $1,613,000 |
$395,500 | $585,000 |
$41,500 | $149,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
12 | $3,319,000 |
$238,600 | $720,000 |
$59,000 | $178,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan Application Totals for SOUTHERN STAR MORTGAGE CORP by:
Metropolitan Area And
County
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