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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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WILMINGTON FINANCE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
WILMINGTON FINANCE, INC. |
| Address | 401 PLYMOUTH ROAD, SUITE 400
PLYMOUTH MEETING, PA 19462 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 114,895 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,573,278,000 |
| Average Mortgage Loan Amount Applied For | $132,229 |
| Highest Mortgage Loan Amount Applied For | $1,259,000 |
| Average Applicant Income | $67,668 |
| Highest Applicant Income | $4,458,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
41,450 | $6,361,921,000 |
$153,000 | $1,259,000 |
$86,000 | $4,458,000 |
| Refinancing |
73,445 | $14,211,357,000 |
$193,000 | $1,200,000 |
$79,000 | $2,652,000 |
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| American Indian or Alaskan Native |
351 | $63,097,000 |
$179,000 | $720,000 |
$84,000 | $589,000 |
| Asian |
2,385 | $551,188,000 |
$231,000 | $880,000 |
$106,000 | $1,877,000 |
| Black or African American |
17,063 | $2,824,277,000 |
$165,000 | $975,000 |
$76,000 | $4,458,000 |
| Hispanic |
18,201 | $3,517,255,000 |
$193,000 | $1,050,000 |
$85,000 | $2,162,000 |
| Native Hawaiin or Other Pacific Islander |
441 | $102,059,000 |
$231,000 | $750,000 |
$98,000 | $878,000 |
| Not applicable |
2,440 | $442,433,000 |
$181,000 | $993,000 |
$82,000 | $1,536,000 |
| Not Provided |
23,206 | $4,434,207,000 |
$191,000 | $1,200,000 |
$80,000 | $1,765,000 |
| White |
50,808 | $8,638,762,000 |
$170,000 | $1,259,000 |
$81,000 | $3,462,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
114,895 | $20,573,278,000 |
$179,000 | $1,259,000 |
$81,000 | $4,458,000 |
| 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 |
21,093 | $3,946,937,000 |
$187,000 | $1,156,000 |
$82,000 | $2,162,000 |
| Application Denied By Financial Institution |
38,243 | $6,904,167,000 |
$180,000 | $1,259,000 |
$83,000 | $3,462,000 |
| Application Withdrawn By Applicant |
1,297 | $253,062,000 |
$195,000 | $1,000,000 |
$85,000 | $633,000 |
| File Closed For Incompleteness |
3 | $586,000 |
$195,000 | $390,000 |
$94,000 | $180,000 |
| Loan Originated |
50,255 | $8,751,610,000 |
$174,000 | $1,000,000 |
$79,000 | $4,458,000 |
| Loan Purchased By The Institution |
4,004 | $716,916,000 |
$179,000 | $993,000 |
$80,000 | $1,536,000 |
| 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 |
5,982 | $1,049,288,000 |
$175,000 | $1,259,000 |
$90,000 | $2,652,000 |
| Credit Application Incomplete |
346 | $57,209,000 |
$165,000 | $700,000 |
$76,000 | $480,000 |
| Credit History |
12,923 | $2,210,261,000 |
$171,000 | $1,200,000 |
$78,000 | $1,800,000 |
| Debt-To-Income Ratio |
4,737 | $868,106,000 |
$183,000 | $1,256,000 |
$69,000 | $840,000 |
| Employment History |
1,495 | $263,383,000 |
$176,000 | $877,000 |
$87,000 | $3,462,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
210 | $33,743,000 |
$160,000 | $692,000 |
$78,000 | $624,000 |
| Mortgage Insurance Denied |
9 | $1,718,000 |
$190,000 | $680,000 |
$124,000 | $379,000 |
| Other |
10,253 | $1,968,298,000 |
$191,000 | $1,050,000 |
$89,000 | $2,344,000 |
| Unverifiable Information |
2,288 | $452,161,000 |
$197,000 | $1,000,000 |
$100,000 | $1,765,000 |
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Mortgage Loan App Totals for WILMINGTON FINANCE, INC. by:
Metropolitan Area And
County
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