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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, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUBURBAN MORTGAGE, INC. |
| Address | 2510 W. DUNLAP AVE., 5TH FLOOR
PHOENIX, AZ 85021 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,093 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $707,892,000 |
| Average Mortgage Loan Amount Applied For | $187,384 |
| Highest Mortgage Loan Amount Applied For | $1,680,000 |
| Average Applicant Income | $92,051 |
| Highest Applicant Income | $723,000 |
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| Home Improvement |
5 | $517,000 |
$103,000 | $222,000 |
$79,000 | $120,000 |
| Home Purchase |
3,094 | $495,666,000 |
$160,000 | $1,200,000 |
$74,000 | $660,000 |
| Refinancing |
994 | $211,709,000 |
$212,000 | $1,680,000 |
$81,000 | $723,000 |
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| American Indian or Alaskan Native |
22 | $3,521,000 |
$160,000 | $355,000 |
$77,000 | $271,000 |
| Asian |
77 | $12,186,000 |
$158,000 | $356,000 |
$64,000 | $186,000 |
| Black or African American |
158 | $29,134,000 |
$184,000 | $1,230,000 |
$77,000 | $660,000 |
| Hispanic |
787 | $118,133,000 |
$150,000 | $812,000 |
$61,000 | $540,000 |
| Native Hawaiin or Other Pacific Islander |
22 | $2,951,000 |
$134,000 | $393,000 |
$99,000 | $216,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
294 | $48,639,000 |
$165,000 | $424,000 |
$65,000 | $600,000 |
| White |
2,733 | $493,328,000 |
$180,000 | $1,680,000 |
$81,000 | $723,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,664 | $631,087,000 |
$172,000 | $1,680,000 |
$78,000 | $723,000 |
| FHA-insured (Federal Housing Administration) |
366 | $62,325,000 |
$170,000 | $269,000 |
$55,000 | $450,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
63 | $14,480,000 |
$229,000 | $368,000 |
$59,000 | $102,000 |
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| Application Approved But Not Accepted |
63 | $11,067,000 |
$175,000 | $1,230,000 |
$71,000 | $234,000 |
| Application Denied By Financial Institution |
44 | $8,258,000 |
$187,000 | $1,500,000 |
$92,000 | $450,000 |
| Application Withdrawn By Applicant |
956 | $155,563,000 |
$162,000 | $1,000,000 |
$72,000 | $600,000 |
| File Closed For Incompleteness |
13 | $3,524,000 |
$271,000 | $1,680,000 |
$160,000 | $540,000 |
| Loan Originated |
3,017 | $529,480,000 |
$175,000 | $1,200,000 |
$76,000 | $723,000 |
| 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 |
16 | $2,689,000 |
$168,000 | $417,000 |
$93,000 | $156,000 |
| Credit Application Incomplete |
2 | $403,000 |
$201,000 | $208,000 |
$42,000 | $43,000 |
| Credit History |
10 | $2,953,000 |
$295,000 | $1,500,000 |
$86,000 | $180,000 |
| Debt-To-Income Ratio |
5 | $1,029,000 |
$205,000 | $368,000 |
$40,000 | $102,000 |
| Employment History |
3 | $333,000 |
$111,000 | $185,000 |
$175,000 | $444,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $138,000 |
$138,000 | $138,000 |
$40,000 | $40,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $34,000 |
$34,000 | $34,000 |
$234,000 | $234,000 |
| Unverifiable Information |
4 | $322,000 |
$80,000 | $157,000 |
$36,000 | $42,000 |
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Mortgage Loan App Totals for SUBURBAN MORTGAGE, INC. by:
Metropolitan Area And
County
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