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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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SULLIVAN FINANCIAL SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
SULLIVAN FINANCIAL SERVICES |
| Address | 100 EXECUTIVE DRIVE
WEST ORANGE, NJ 07052 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 797 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $187,321,000 |
| Average Mortgage Loan Amount Applied For | $211,553 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $156,461 |
| Highest Applicant Income | $4,742,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
450 | $104,476,000 |
$232,000 | $2,000,000 |
$131,000 | $1,346,000 |
| Refinancing |
347 | $82,845,000 |
$238,000 | $1,500,000 |
$163,000 | $4,742,000 |
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| American Indian or Alaskan Native |
1 | $320,000 |
$320,000 | $320,000 |
$95,000 | $95,000 |
| Asian |
261 | $62,272,000 |
$238,000 | $2,000,000 |
$151,000 | $600,000 |
| Black or African American |
34 | $7,185,000 |
$211,000 | $508,000 |
$98,000 | $240,000 |
| Hispanic |
109 | $24,490,000 |
$224,000 | $650,000 |
$115,000 | $300,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
21 | $6,040,000 |
$287,000 | $915,000 |
$203,000 | $1,346,000 |
| White |
371 | $87,014,000 |
$234,000 | $1,500,000 |
$149,000 | $4,742,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
763 | $178,910,000 |
$234,000 | $2,000,000 |
$141,000 | $1,358,000 |
| FHA-insured (Federal Housing Administration) |
34 | $8,411,000 |
$247,000 | $438,000 |
$219,000 | $4,742,000 |
| 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 |
82 | $19,337,000 |
$235,000 | $1,500,000 |
$138,000 | $600,000 |
| Application Denied By Financial Institution |
16 | $3,828,000 |
$239,000 | $424,000 |
$124,000 | $240,000 |
| Application Withdrawn By Applicant |
17 | $4,122,000 |
$242,000 | $1,050,000 |
$144,000 | $320,000 |
| File Closed For Incompleteness |
38 | $8,717,000 |
$229,000 | $716,000 |
$126,000 | $252,000 |
| Loan Originated |
643 | $151,167,000 |
$235,000 | $2,000,000 |
$147,000 | $4,742,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $150,000 |
$150,000 | $150,000 |
$298,000 | $298,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
2 | $419,000 |
$209,000 | $305,000 |
$83,000 | $99,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $285,000 |
$285,000 | $285,000 |
$106,000 | $106,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $668,000 |
$334,000 | $372,000 |
$70,000 | $76,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SULLIVAN FINANCIAL SERVICES by:
Metropolitan Area And
County
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