| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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WORLDWIDE FINANCIAL RESOURCES
Mortgage Loans and Application Details
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| Mortgage Company Name |
WORLDWIDE FINANCIAL RESOURCES |
| Address | 50 US HIGHWAY RT 9
MORGANVILLE, NJ 07751 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| Data Years (click a year for detail) | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 2,751 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $683,582,000 |
| Average Mortgage Loan Amount Applied For | $207,725 |
| Highest Mortgage Loan Amount Applied For | $1,900,000 |
| Average Applicant Income | $107,852 |
| Highest Applicant Income | $1,807,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,178 | $289,850,000 |
$209,350 | $1,680,000 |
$150,950 | $1,807,000 |
| Refinancing |
1,573 | $393,732,000 |
$213,157 | $1,900,000 |
$91,000 | $1,644,000 |
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| American Indian or Alaskan Native |
2 | $506,000 |
$253,000 | $350,000 |
$50,000 | $52,000 |
| Asian |
90 | $21,804,000 |
$228,625 | $960,000 |
$113,875 | $720,000 |
| Black or African American |
98 | $21,845,000 |
$193,500 | $1,850,000 |
$94,333 | $450,000 |
| Hispanic |
157 | $36,309,000 |
$224,857 | $650,000 |
$92,000 | $565,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $122,000 |
$122,000 | $122,000 |
$96,000 | $96,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,077 | $269,429,000 |
$200,150 | $1,680,000 |
$144,600 | $1,807,000 |
| White |
1,326 | $333,567,000 |
$233,950 | $1,900,000 |
$133,600 | $1,644,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,741 | $681,467,000 |
$210,523 | $1,900,000 |
$138,095 | $1,807,000 |
| FHA-insured (Federal Housing Administration) |
6 | $1,148,000 |
$157,333 | $282,000 |
$46,000 | $84,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $481,000 |
$240,000 | $341,000 |
$85,000 | $124,000 |
| VA-guaranteed (Veterans Administration) |
2 | $486,000 |
$243,000 | $350,000 |
$22,000 | $44,000 |
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| Application Approved But Not Accepted |
21 | $5,305,000 |
$163,833 | $1,000,000 |
$66,833 | $272,000 |
| Application Denied By Financial Institution |
58 | $13,613,000 |
$226,142 | $840,000 |
$93,285 | $350,000 |
| Application Withdrawn By Applicant |
518 | $136,660,000 |
$214,111 | $1,850,000 |
$148,166 | $1,500,000 |
| File Closed For Incompleteness |
13 | $2,703,000 |
$199,400 | $500,000 |
$103,200 | $200,000 |
| Loan Originated |
2,141 | $525,301,000 |
$232,555 | $1,900,000 |
$110,500 | $1,807,000 |
| 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 | $73,000 |
$73,000 | $73,000 |
$148,000 | $148,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $1,280,000 |
$263,000 | $646,000 |
$65,000 | $173,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
2 | $140,000 |
$70,000 | $70,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $289,000 |
$144,500 | $225,000 |
$81,000 | $115,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan Application Totals for WORLDWIDE FINANCIAL RESOURCES by:
Metropolitan Area And
County
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