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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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UNITED COMMUNITY MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED COMMUNITY MORTGAGE CORP |
| Address | 35 BROAD STREET
KEYPORT, NJ 07735 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 266 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $62,016,000 |
| Average Mortgage Loan Amount Applied For | $209,916 |
| Highest Mortgage Loan Amount Applied For | $1,080,000 |
| Average Applicant Income | $120,666 |
| Highest Applicant Income | $500,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
124 | $26,136,000 |
$210,000 | $563,000 |
$107,000 | $288,000 |
| Refinancing |
142 | $35,880,000 |
$252,000 | $1,080,000 |
$122,000 | $500,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $925,000 |
$231,000 | $335,000 |
$96,000 | $147,000 |
| Black or African American |
32 | $6,743,000 |
$210,000 | $488,000 |
$103,000 | $210,000 |
| Hispanic |
66 | $15,885,000 |
$240,000 | $584,000 |
$106,000 | $330,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $880,000 |
$440,000 | $605,000 |
$113,000 | $116,000 |
| White |
162 | $37,583,000 |
$231,000 | $1,080,000 |
$122,000 | $500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
231 | $54,284,000 |
$234,000 | $1,080,000 |
$122,000 | $500,000 |
| FHA-insured (Federal Housing Administration) |
35 | $7,732,000 |
$220,000 | $347,000 |
$68,000 | $147,000 |
| 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 |
3 | $1,002,000 |
$334,000 | $368,000 |
$119,000 | $150,000 |
| Application Denied By Financial Institution |
7 | $1,790,000 |
$255,000 | $563,000 |
$119,000 | $208,000 |
| Application Withdrawn By Applicant |
85 | $16,195,000 |
$190,000 | $584,000 |
$113,000 | $500,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
171 | $43,029,000 |
$251,000 | $1,080,000 |
$116,000 | $419,000 |
| 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 | $100,000 |
$100,000 | $100,000 |
$42,000 | $42,000 |
| Credit Application Incomplete |
1 | $250,000 |
$250,000 | $250,000 |
$145,000 | $145,000 |
| Credit History |
1 | $370,000 |
$370,000 | $370,000 |
$80,000 | $80,000 |
| Debt-To-Income Ratio |
2 | $638,000 |
$319,000 | $563,000 |
$199,000 | $208,000 |
| Employment History |
1 | $263,000 |
$263,000 | $263,000 |
$122,000 | $122,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for UNITED COMMUNITY MORTGAGE CORP by:
Metropolitan Area And
County
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