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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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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 | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 280 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $70,223,000 |
| Average Mortgage Loan Amount Applied For | $198,549 |
| Highest Mortgage Loan Amount Applied For | $1,350,000 |
| Average Applicant Income | $77,478 |
| Highest Applicant Income | $643,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
150 | $31,046,000 |
$206,000 | $1,260,000 |
$77,000 | $352,000 |
| Refinancing |
140 | $40,339,000 |
$288,000 | $1,350,000 |
$81,000 | $643,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
13 | $3,826,000 |
$294,000 | $690,000 |
$80,000 | $138,000 |
| Hispanic |
27 | $5,879,000 |
$217,000 | $572,000 |
$62,000 | $155,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
231 | $55,969,000 |
$242,000 | $1,350,000 |
$81,000 | $643,000 |
| White |
19 | $5,711,000 |
$300,000 | $750,000 |
$78,000 | $198,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
202 | $55,674,000 |
$275,000 | $1,350,000 |
$87,000 | $643,000 |
| FHA-insured (Federal Housing Administration) |
88 | $15,711,000 |
$178,000 | $570,000 |
$60,000 | $191,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
11 | $2,437,000 |
$221,000 | $468,000 |
$70,000 | $149,000 |
| Application Withdrawn By Applicant |
147 | $34,571,000 |
$235,000 | $1,260,000 |
$76,000 | $436,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
132 | $34,377,000 |
$260,000 | $1,350,000 |
$83,000 | $643,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $892,000 |
$178,000 | $468,000 |
$70,000 | $149,000 |
| Debt-To-Income Ratio |
2 | $266,000 |
$133,000 | $146,000 |
$21,000 | $42,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $169,000 |
$169,000 | $169,000 |
$73,000 | $73,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $1,110,000 |
$370,000 | $460,000 |
$103,000 | $119,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTHERN STAR MORTGAGE CORP by:
Metropolitan Area And
County
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