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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 MONEY CENTER, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE MORTGAGE MONEY CENTER, INC |
| Address | 98 CUTTTERMILL RD.SUITE 412
GREAT NECK, NY 11021 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 74 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,464,000 |
| Average Mortgage Loan Amount Applied For | $288,166 |
| Highest Mortgage Loan Amount Applied For | $675,000 |
| Average Applicant Income | $93,500 |
| Highest Applicant Income | $354,000 |
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| Home Improvement |
7 | $1,035,000 |
$147,000 | $200,000 |
$100,000 | $236,000 |
| Home Purchase |
58 | $19,438,000 |
$335,000 | $675,000 |
$114,000 | $354,000 |
| Refinancing |
9 | $2,991,000 |
$332,000 | $462,000 |
$68,000 | $143,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
10 | $2,646,000 |
$264,000 | $650,000 |
$135,000 | $236,000 |
| Black or African American |
35 | $10,976,000 |
$313,000 | $675,000 |
$97,000 | $143,000 |
| Hispanic |
7 | $2,335,000 |
$333,000 | $582,000 |
$61,000 | $99,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
22 | $7,507,000 |
$341,000 | $650,000 |
$121,000 | $354,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
74 | $23,464,000 |
$317,000 | $675,000 |
$107,000 | $354,000 |
| 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 |
7 | $1,753,000 |
$250,000 | $649,000 |
$123,000 | $220,000 |
| Application Denied By Financial Institution |
5 | $1,677,000 |
$335,000 | $449,000 |
$148,000 | $354,000 |
| Application Withdrawn By Applicant |
16 | $5,343,000 |
$333,000 | $675,000 |
$112,000 | $184,000 |
| File Closed For Incompleteness |
9 | $2,325,000 |
$258,000 | $588,000 |
$102,000 | $240,000 |
| Loan Originated |
37 | $12,366,000 |
$334,000 | $650,000 |
$87,000 | $352,000 |
| 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 | $449,000 |
$449,000 | $449,000 |
$107,000 | $107,000 |
| Credit Application Incomplete |
1 | $112,000 |
$112,000 | $112,000 |
$107,000 | $107,000 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
3 | $1,116,000 |
$372,000 | $432,000 |
$175,000 | $354,000 |
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Mortgage Loan App Totals for THE MORTGAGE MONEY CENTER, INC by:
Metropolitan Area And
County
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