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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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WEICHERT FINANCIAL SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
WEICHERT FINANCIAL SERVICES |
| Address | 225 LITTLETON ROAD
MORRIS PLAINS, NJ 07950 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 13,620 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,540,225,000 |
| Average Mortgage Loan Amount Applied For | $227,231 |
| Highest Mortgage Loan Amount Applied For | $999,000 |
| Average Applicant Income | $95,146 |
| Highest Applicant Income | $1,318,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
12,170 | $3,173,290,000 |
$260,000 | $999,000 |
$94,000 | $1,318,000 |
| Refinancing |
1,450 | $366,935,000 |
$253,000 | $990,000 |
$93,000 | $1,203,000 |
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| American Indian or Alaskan Native |
14 | $3,057,000 |
$218,000 | $422,000 |
$57,000 | $126,000 |
| Asian |
583 | $172,207,000 |
$295,000 | $908,000 |
$101,000 | $405,000 |
| Black or African American |
1,699 | $399,812,000 |
$235,000 | $856,000 |
$79,000 | $542,000 |
| Hispanic |
1,163 | $301,855,000 |
$259,000 | $920,000 |
$80,000 | $900,000 |
| Native Hawaiin or Other Pacific Islander |
37 | $11,328,000 |
$306,000 | $747,000 |
$94,000 | $541,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
416 | $112,419,000 |
$270,000 | $956,000 |
$104,000 | $501,000 |
| White |
9,708 | $2,539,547,000 |
$261,000 | $999,000 |
$98,000 | $1,318,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
12,965 | $3,394,410,000 |
$261,000 | $999,000 |
$95,000 | $1,318,000 |
| FHA-insured (Federal Housing Administration) |
536 | $116,839,000 |
$217,000 | $553,000 |
$76,000 | $269,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
119 | $28,976,000 |
$243,000 | $416,000 |
$76,000 | $165,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
385 | $93,321,000 |
$242,000 | $675,000 |
$80,000 | $559,000 |
| Application Withdrawn By Applicant |
3,424 | $952,781,000 |
$278,000 | $992,000 |
$99,000 | $1,039,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
9,811 | $2,494,123,000 |
$254,000 | $999,000 |
$93,000 | $1,318,000 |
| 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 |
44 | $9,984,000 |
$226,000 | $560,000 |
$85,000 | $270,000 |
| Credit Application Incomplete |
4 | $752,000 |
$188,000 | $384,000 |
$70,000 | $115,000 |
| Credit History |
154 | $38,526,000 |
$250,000 | $624,000 |
$83,000 | $559,000 |
| Debt-To-Income Ratio |
64 | $16,401,000 |
$256,000 | $650,000 |
$67,000 | $260,000 |
| Employment History |
30 | $6,852,000 |
$228,000 | $514,000 |
$84,000 | $200,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
26 | $6,356,000 |
$244,000 | $496,000 |
$84,000 | $300,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
45 | $10,263,000 |
$228,000 | $675,000 |
$80,000 | $311,000 |
| Unverifiable Information |
18 | $4,187,000 |
$232,000 | $500,000 |
$90,000 | $344,000 |
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Mortgage Loan App Totals for WEICHERT FINANCIAL SERVICES by:
Metropolitan Area And
County
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