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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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SUPERIOR MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUPERIOR MORTGAGE CORP |
| Address | 854 S WHITE HORSE PIKE
HAMMONTON, NJ 08037 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 6,556 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,412,881,000 |
| Average Mortgage Loan Amount Applied For | $175,330 |
| Highest Mortgage Loan Amount Applied For | $1,560,000 |
| Average Applicant Income | $74,186 |
| Highest Applicant Income | $2,100,000 |
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| Home Improvement |
27 | $5,535,000 |
$205,000 | $730,000 |
$86,000 | $314,000 |
| Home Purchase |
1,835 | $389,226,000 |
$212,000 | $1,257,000 |
$105,000 | $2,100,000 |
| Refinancing |
4,697 | $1,018,763,000 |
$216,000 | $1,560,000 |
$86,000 | $1,545,000 |
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| American Indian or Alaskan Native |
10 | $1,692,000 |
$169,000 | $328,000 |
$92,000 | $209,000 |
| Asian |
82 | $19,651,000 |
$239,000 | $639,000 |
$108,000 | $308,000 |
| Black or African American |
382 | $73,510,000 |
$192,000 | $650,000 |
$79,000 | $420,000 |
| Hispanic |
226 | $51,238,000 |
$226,000 | $808,000 |
$83,000 | $432,000 |
| Native Hawaiin or Other Pacific Islander |
11 | $2,762,000 |
$251,000 | $628,000 |
$80,000 | $264,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,702 | $366,992,000 |
$215,000 | $1,540,000 |
$88,000 | $1,586,000 |
| White |
4,146 | $897,679,000 |
$216,000 | $1,560,000 |
$94,000 | $2,100,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,952 | $1,301,533,000 |
$218,000 | $1,560,000 |
$93,000 | $2,100,000 |
| FHA-insured (Federal Housing Administration) |
574 | $104,894,000 |
$182,000 | $453,000 |
$71,000 | $273,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
33 | $7,097,000 |
$215,000 | $409,000 |
$65,000 | $146,000 |
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| Application Approved But Not Accepted |
211 | $45,682,000 |
$216,000 | $600,000 |
$104,000 | $1,410,000 |
| Application Denied By Financial Institution |
186 | $37,793,000 |
$203,000 | $943,000 |
$81,000 | $500,000 |
| Application Withdrawn By Applicant |
781 | $174,285,000 |
$223,000 | $1,300,000 |
$95,000 | $2,100,000 |
| File Closed For Incompleteness |
69 | $15,193,000 |
$220,000 | $1,540,000 |
$90,000 | $456,000 |
| Loan Originated |
5,312 | $1,140,571,000 |
$214,000 | $1,560,000 |
$91,000 | $1,586,000 |
| 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 |
50 | $9,964,000 |
$199,000 | $664,000 |
$74,000 | $330,000 |
| Credit Application Incomplete |
1 | $140,000 |
$140,000 | $140,000 |
$63,000 | $63,000 |
| Credit History |
47 | $10,868,000 |
$231,000 | $864,000 |
$82,000 | $303,000 |
| Debt-To-Income Ratio |
27 | $4,371,000 |
$161,000 | $361,000 |
$67,000 | $192,000 |
| Employment History |
5 | $1,171,000 |
$234,000 | $413,000 |
$78,000 | $152,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $411,000 |
$137,000 | $151,000 |
$65,000 | $108,000 |
| Mortgage Insurance Denied |
1 | $183,000 |
$183,000 | $183,000 |
$98,000 | $98,000 |
| Other |
30 | $6,378,000 |
$212,000 | $943,000 |
$84,000 | $480,000 |
| Unverifiable Information |
7 | $1,630,000 |
$232,000 | $417,000 |
$160,000 | $500,000 |
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Mortgage Loan App Totals for SUPERIOR MORTGAGE CORP by:
Metropolitan Area And
County
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