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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 MONEY TREE MTG BANKERS USA
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE MONEY TREE MTG BANKERS USA |
| Address | 7500 NW 25 ST, SUITE 200
MIAMI, FL 33122 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 897 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $105,104,000 |
| Average Mortgage Loan Amount Applied For | $119,500 |
| Highest Mortgage Loan Amount Applied For | $493,000 |
| Average Applicant Income | $48,000 |
| Highest Applicant Income | $215,000 |
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| Home Improvement (one-to-four family) |
1 | $105,000 |
$105,000 | $105,000 |
$37,000 | $37,000 |
| Home Purchase (one-to-four family) |
81 | $10,627,000 |
$131,000 | $484,000 |
$56,000 | $215,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
2 | $328,000 |
$164,000 | $171,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
813 | $94,044,000 |
$115,000 | $493,000 |
$53,000 | $183,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
2 | $152,000 |
$76,000 | $96,000 |
$84,000 | $132,000 |
| Black |
11 | $1,078,000 |
$98,000 | $181,000 |
$58,000 | $124,000 |
| Hispanic |
866 | $101,022,000 |
$116,000 | $493,000 |
$49,000 | $212,000 |
| Information not provided by applicant in mail or telephone application |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $280,000 |
$140,000 | $148,000 |
$52,000 | $62,000 |
| White |
16 | $2,572,000 |
$160,000 | $398,000 |
$67,000 | $215,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
836 | $99,103,000 |
$118,000 | $493,000 |
$56,000 | $215,000 |
| FHA-insured (Federal Housing Administration) |
58 | $5,650,000 |
$97,000 | $169,000 |
$39,000 | $76,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $351,000 |
$117,000 | $137,000 |
$44,000 | $47,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
95 | $11,917,000 |
$125,000 | $340,000 |
$50,000 | $123,000 |
| Application Withdrawn By Applicant |
166 | $20,081,000 |
$120,000 | $493,000 |
$57,000 | $215,000 |
| File Closed For Incompleteness |
1 | $315,000 |
$315,000 | $315,000 |
$180,000 | $180,000 |
| Loan Originated |
635 | $72,791,000 |
$114,000 | $484,000 |
$49,000 | $212,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
45 | $5,465,000 |
$121,000 | $340,000 |
$49,000 | $96,000 |
| Credit Application Incomplete |
1 | $105,000 |
$105,000 | $105,000 |
$51,000 | $51,000 |
| Credit History |
31 | $4,250,000 |
$137,000 | $287,000 |
$51,000 | $87,000 |
| Debt-To-Income Ratio |
8 | $974,000 |
$121,000 | $203,000 |
$52,000 | $102,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $167,000 |
$83,000 | $102,000 |
$45,000 | $72,000 |
| Unverifiable Information |
5 | $593,000 |
$118,000 | $198,000 |
$45,000 | $123,000 |
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Mortgage Loan App Totals for THE MONEY TREE MTG BANKERS USA by:
Metropolitan Area And
County
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