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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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THE ADDISON MORTGAGE GROUP
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE ADDISON MORTGAGE GROUP |
| Address | 1515 S FEDERAL HIGHWAY #400
BOCA RATON, FL 33432 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 965 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $211,521,000 |
| Average Mortgage Loan Amount Applied For | $253,500 |
| Highest Mortgage Loan Amount Applied For | $2,728,000 |
| Average Applicant Income | $179,166 |
| Highest Applicant Income | $3,083,000 |
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| Home Improvement |
1 | $250,000 |
$250,000 | $250,000 |
$480,000 | $480,000 |
| Home Purchase |
679 | $139,055,000 |
$204,000 | $2,728,000 |
$109,000 | $1,966,000 |
| Refinancing |
351 | $91,005,000 |
$259,000 | $1,950,000 |
$166,000 | $3,083,000 |
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| American Indian or Alaskan Native |
1 | $308,000 |
$308,000 | $308,000 |
$60,000 | $60,000 |
| Asian |
30 | $5,499,000 |
$183,000 | $500,000 |
$85,000 | $250,000 |
| Black or African American |
130 | $21,078,000 |
$162,000 | $992,000 |
$72,000 | $372,000 |
| Hispanic |
248 | $41,186,000 |
$166,000 | $824,000 |
$104,000 | $3,083,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $90,000 |
$90,000 | $90,000 |
$193,000 | $193,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
11 | $2,235,000 |
$203,000 | $540,000 |
$101,000 | $276,000 |
| White |
610 | $159,914,000 |
$262,000 | $2,728,000 |
$154,000 | $1,966,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,021 | $228,211,000 |
$223,000 | $2,728,000 |
$130,000 | $3,083,000 |
| FHA-insured (Federal Housing Administration) |
9 | $1,813,000 |
$201,000 | $254,000 |
$60,000 | $120,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $286,000 |
$286,000 | $286,000 |
$84,000 | $84,000 |
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| Application Approved But Not Accepted |
6 | $1,509,000 |
$251,000 | $338,000 |
$117,000 | $248,000 |
| Application Denied By Financial Institution |
16 | $3,512,000 |
$219,000 | $800,000 |
$125,000 | $303,000 |
| Application Withdrawn By Applicant |
97 | $19,570,000 |
$201,000 | $2,250,000 |
$198,000 | $3,083,000 |
| File Closed For Incompleteness |
43 | $9,999,000 |
$232,000 | $1,330,000 |
$162,000 | $1,500,000 |
| Loan Originated |
869 | $195,720,000 |
$225,000 | $2,728,000 |
$120,000 | $1,966,000 |
| 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 | $149,000 |
$149,000 | $149,000 |
$100,000 | $100,000 |
| Credit Application Incomplete |
1 | $273,000 |
$273,000 | $273,000 |
$84,000 | $84,000 |
| Credit History |
1 | $286,000 |
$286,000 | $286,000 |
$84,000 | $84,000 |
| Debt-To-Income Ratio |
1 | $73,000 |
$73,000 | $73,000 |
$80,000 | $80,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $957,000 |
$478,000 | $540,000 |
$228,000 | $276,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $103,000 |
$51,000 | $80,000 |
$99,000 | $199,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE ADDISON MORTGAGE GROUP by:
Metropolitan Area And
County
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