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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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SUBURBAN MORTGAGE CO OF NM
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUBURBAN MORTGAGE CO OF NM |
| Address | 3707 EUBANK BLVD., NE
ALBUQUERQUE, NM 87111 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 422 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $61,371,000 |
| Average Mortgage Loan Amount Applied For | $110,045 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $64,954 |
| Highest Applicant Income | $833,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
357 | $53,270,000 |
$149,000 | $520,000 |
$57,000 | $833,000 |
| Refinancing |
77 | $10,225,000 |
$132,000 | $417,000 |
$65,000 | $173,000 |
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| American Indian or Alaskan Native |
6 | $1,057,000 |
$176,000 | $303,000 |
$108,000 | $204,000 |
| Asian |
32 | $4,905,000 |
$153,000 | $263,000 |
$45,000 | $216,000 |
| Black or African American |
10 | $1,550,000 |
$155,000 | $238,000 |
$58,000 | $125,000 |
| Hispanic |
157 | $22,463,000 |
$143,000 | $293,000 |
$52,000 | $170,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $295,000 |
$147,000 | $153,000 |
$37,000 | $46,000 |
| Not applicable |
10 | $1,120,000 |
$112,000 | $155,000 |
$83,000 | $833,000 |
| Not Provided |
19 | $3,381,000 |
$177,000 | $520,000 |
$63,000 | $155,000 |
| White |
198 | $28,724,000 |
$145,000 | $315,000 |
$64,000 | $200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
356 | $51,514,000 |
$144,000 | $520,000 |
$59,000 | $833,000 |
| FHA-insured (Federal Housing Administration) |
55 | $7,926,000 |
$144,000 | $303,000 |
$55,000 | $204,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
23 | $4,055,000 |
$176,000 | $252,000 |
$67,000 | $125,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
37 | $5,541,000 |
$149,000 | $263,000 |
$43,000 | $101,000 |
| Application Withdrawn By Applicant |
87 | $13,561,000 |
$155,000 | $520,000 |
$63,000 | $216,000 |
| File Closed For Incompleteness |
2 | $408,000 |
$204,000 | $223,000 |
$69,000 | $86,000 |
| Loan Originated |
308 | $43,985,000 |
$142,000 | $417,000 |
$60,000 | $833,000 |
| 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 |
1 | $104,000 |
$104,000 | $104,000 |
$50,000 | $50,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
18 | $2,844,000 |
$158,000 | $256,000 |
$42,000 | $101,000 |
| Debt-To-Income Ratio |
9 | $1,597,000 |
$177,000 | $263,000 |
$40,000 | $60,000 |
| Employment History |
1 | $131,000 |
$131,000 | $131,000 |
$44,000 | $44,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $385,000 |
$77,000 | $182,000 |
$50,000 | $89,000 |
| Unverifiable Information |
3 | $480,000 |
$160,000 | $205,000 |
$43,000 | $50,000 |
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Mortgage Loan App Totals for SUBURBAN MORTGAGE CO OF NM by:
Metropolitan Area And
County
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