| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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US MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
US MORTGAGE CORPORATION |
| Address | 19D CHAPIN ROAD
PINE BROOK, NJ 07058 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 7,383 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,698,876,000 |
| Average Mortgage Loan Amount Applied For | $152,829 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $74,737 |
| Highest Applicant Income | $2,300,000 |
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| Home Improvement (one-to-four family) |
2 | $195,000 |
$97,000 | $125,000 |
$163,000 | $192,000 |
| Home Purchase (one-to-four family) |
4,009 | $966,596,000 |
$160,700 | $1,500,000 |
$85,000 | $2,300,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
3,372 | $732,085,000 |
$186,450 | $1,440,000 |
$74,100 | $750,000 |
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| American Indian or Alaskan Native |
13 | $3,132,000 |
$211,000 | $404,000 |
$68,666 | $118,000 |
| Asian or Pacific Islander |
260 | $66,785,000 |
$220,285 | $685,000 |
$110,857 | $330,000 |
| Black |
1,391 | $318,937,000 |
$136,846 | $952,000 |
$52,000 | $1,245,000 |
| Hispanic |
1,911 | $474,322,000 |
$170,500 | $750,000 |
$43,600 | $661,000 |
| Information not provided by applicant in mail or telephone application |
1,155 | $256,156,000 |
$162,875 | $1,500,000 |
$80,187 | $750,000 |
| Not applicable |
19 | $4,288,000 |
$197,333 | $368,000 |
$66,000 | $165,000 |
| Other |
504 | $120,078,000 |
$158,272 | $533,000 |
$59,909 | $199,000 |
| White |
2,130 | $455,178,000 |
$209,411 | $1,000,000 |
$90,176 | $2,300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,062 | $892,316,000 |
$188,333 | $1,500,000 |
$85,833 | $1,245,000 |
| FHA-insured (Federal Housing Administration) |
2,549 | $601,218,000 |
$149,400 | $950,000 |
$50,100 | $2,300,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $241,000 |
$241,000 | $241,000 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
771 | $205,101,000 |
$175,250 | $750,000 |
$37,375 | $330,000 |
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| Application Approved But Not Accepted |
53 | $12,423,000 |
$158,000 | $500,000 |
$50,000 | $345,000 |
| Application Denied By Financial Institution |
184 | $39,934,000 |
$151,800 | $907,000 |
$72,600 | $436,000 |
| Application Withdrawn By Applicant |
865 | $214,319,000 |
$154,333 | $700,000 |
$92,000 | $792,000 |
| File Closed For Incompleteness |
18 | $3,353,000 |
$149,444 | $444,000 |
$56,555 | $151,000 |
| Loan Originated |
6,263 | $1,428,847,000 |
$192,857 | $1,500,000 |
$77,619 | $2,300,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan Application Totals for US MORTGAGE CORPORATION by:
Metropolitan Area And
County
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