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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 MORTGAGE LOAN CO.
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE MORTGAGE LOAN CO. |
| Address | 915 CAMPO RICO AVE
SAN JUAN, PR 00924 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 134 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $17,072,000 |
| Average Mortgage Loan Amount Applied For | $115,960 |
| Highest Mortgage Loan Amount Applied For | $605,000 |
| Average Applicant Income | $60,400 |
| Highest Applicant Income | $240,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
46 | $5,628,000 |
$122,000 | $266,000 |
$63,000 | $201,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
88 | $11,444,000 |
$130,000 | $605,000 |
$58,000 | $240,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
133 | $16,917,000 |
$127,000 | $605,000 |
$60,000 | $240,000 |
| Information not provided by applicant in mail or telephone application |
1 | $155,000 |
$155,000 | $155,000 |
$52,000 | $52,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
134 | $17,072,000 |
$127,000 | $605,000 |
$60,000 | $240,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
6 | $958,000 |
$159,000 | $247,000 |
$54,000 | $81,000 |
| Application Denied By Financial Institution |
7 | $523,000 |
$74,000 | $196,000 |
$26,000 | $54,000 |
| Application Withdrawn By Applicant |
20 | $2,299,000 |
$114,000 | $236,000 |
$39,000 | $72,000 |
| File Closed For Incompleteness |
4 | $549,000 |
$137,000 | $280,000 |
$73,000 | $178,000 |
| Loan Originated |
97 | $12,743,000 |
$131,000 | $605,000 |
$72,000 | $240,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
2 | $88,000 |
$44,000 | $47,000 |
$16,000 | $19,000 |
| Credit Application Incomplete |
1 | $95,000 |
$95,000 | $95,000 |
$54,000 | $54,000 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $196,000 |
$196,000 | $196,000 |
$44,000 | $44,000 |
| Employment History |
2 | $100,000 |
$50,000 | $70,000 |
$18,000 | $27,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $44,000 |
$44,000 | $44,000 |
$14,000 | $14,000 |
| 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 THE MORTGAGE LOAN CO. by:
Metropolitan Area And
County
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