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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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WALL STREET MORTGAGE BANKERS L
Mortgage Loans and Application Details
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| Mortgage Company Name |
WALL STREET MORTGAGE BANKERS L |
| Address | 1111 MARCUS AVENUE, STE 300
LAKE SUCCESS, NY 11042 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,930 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,754,902,000 |
| Average Mortgage Loan Amount Applied For | $393,188 |
| Highest Mortgage Loan Amount Applied For | $7,700,000 |
| Average Applicant Income | $210,772 |
| Highest Applicant Income | $9,750,000 |
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| Home Improvement |
2 | $705,000 |
$352,000 | $470,000 |
$129,000 | $149,000 |
| Home Purchase |
2,242 | $722,530,000 |
$322,000 | $7,700,000 |
$161,000 | $6,713,000 |
| Refinancing |
2,686 | $1,031,667,000 |
$384,000 | $7,500,000 |
$165,000 | $9,750,000 |
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| American Indian or Alaskan Native |
24 | $9,062,000 |
$377,000 | $2,800,000 |
$132,000 | $870,000 |
| Asian |
175 | $52,641,000 |
$300,000 | $3,275,000 |
$121,000 | $1,356,000 |
| Black or African American |
1,487 | $445,537,000 |
$299,000 | $1,295,000 |
$97,000 | $1,608,000 |
| Hispanic |
745 | $213,382,000 |
$286,000 | $1,207,000 |
$97,000 | $600,000 |
| Native Hawaiin or Other Pacific Islander |
17 | $7,353,000 |
$432,000 | $2,000,000 |
$132,000 | $806,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
312 | $131,863,000 |
$422,000 | $5,950,000 |
$223,000 | $9,750,000 |
| White |
2,170 | $895,064,000 |
$412,000 | $7,700,000 |
$227,000 | $6,713,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,880 | $1,738,945,000 |
$356,000 | $7,700,000 |
$164,000 | $9,750,000 |
| FHA-insured (Federal Housing Administration) |
50 | $15,957,000 |
$319,000 | $533,000 |
$91,000 | $159,000 |
| 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 |
155 | $48,010,000 |
$309,000 | $1,040,000 |
$109,000 | $912,000 |
| Application Denied By Financial Institution |
267 | $107,587,000 |
$402,000 | $6,000,000 |
$192,000 | $4,409,000 |
| Application Withdrawn By Applicant |
1,401 | $525,820,000 |
$375,000 | $7,700,000 |
$194,000 | $9,750,000 |
| File Closed For Incompleteness |
190 | $88,198,000 |
$464,000 | $4,000,000 |
$196,000 | $6,000,000 |
| Loan Originated |
2,912 | $984,234,000 |
$337,000 | $5,950,000 |
$146,000 | $6,713,000 |
| Loan Purchased By The Institution |
5 | $1,053,000 |
$210,000 | $400,000 |
$177,000 | $478,000 |
| 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 |
86 | $31,756,000 |
$369,000 | $1,981,000 |
$166,000 | $1,320,000 |
| Credit Application Incomplete |
1 | $90,000 |
$90,000 | $90,000 |
$91,000 | $91,000 |
| Credit History |
41 | $14,006,000 |
$341,000 | $1,200,000 |
$121,000 | $589,000 |
| Debt-To-Income Ratio |
3 | $1,741,000 |
$580,000 | $1,400,000 |
$50,000 | $152,000 |
| Employment History |
2 | $553,000 |
$276,000 | $327,000 |
$102,000 | $144,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $631,000 |
$315,000 | $520,000 |
$19,000 | $38,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
89 | $33,064,000 |
$371,000 | $3,250,000 |
$210,000 | $1,476,000 |
| Unverifiable Information |
9 | $10,942,000 |
$1,215,000 | $6,000,000 |
$499,000 | $3,360,000 |
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Mortgage Loan App Totals for WALL STREET MORTGAGE BANKERS L by:
Metropolitan Area And
County
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