AllMortgageDetail - Mortgage Application Details

1St Republic Mortgage Bankers
Mortgage Loan Application
Totals and Details
for 2007

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Mortgage Company & Address 1St Republic Mortgage Bankers
110 Jericho Turnpike Suite 200
Floral Park, NY 11001
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,242
Total Mortgage Loan Application Amount $411,456,000
Average Mortgage Loan Application Amount $241,800
Highest Mortgage Loan Application Amount $2,250,000
Average Applicant Income $78,085
Highest Applicant Income $504,000

Mortgage Loan Application Detail Totals for 1St Republic Mortgage Bankers in 2007

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 867 $291,264,000 $335,000 $2,250,000 $76,000 $504,000
Home Purchase 374 $119,164,000 $318,000 $1,000,000 $91,000 $341,000
Home Improvement 6 $2,360,000 $393,000 $525,000 $59,000 $105,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Black or African American 940 $311,991,000 $331,000 $1,000,000 $78,000 $318,000
Asian 147 $47,358,000 $322,000 $713,000 $79,000 $220,000
White 74 $26,872,000 $363,000 $2,250,000 $105,000 $426,000
Hispanic 70 $21,247,000 $303,000 $657,000 $75,000 $182,000
Not Provided 15 $4,945,000 $329,000 $1,266,000 $128,000 $504,000
American Indian or Alaskan Native 1 $375,000 $375,000 $375,000 $64,000 $64,000
Native Hawaiin or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 875 $296,765,000 $339,000 $2,250,000 $80,000 $504,000
FHA-insured (Federal Housing Administration) 371 $115,615,000 $311,000 $641,000 $79,000 $310,000
VA-guaranteed (Veterans Administration) 1 $408,000 $408,000 $408,000 $110,000 $110,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 671 $222,448,000 $331,000 $960,000 $77,000 $310,000
Application Denied By Financial Institution 280 $91,113,000 $325,000 $1,000,000 $84,000 $426,000
Application Withdrawn By Applicant 221 $73,821,000 $334,000 $2,250,000 $86,000 $504,000
Application Approved But Not Accepted 53 $17,640,000 $332,000 $730,000 $82,000 $200,000
File Closed For Incompleteness 22 $7,766,000 $353,000 $570,000 $75,000 $187,000
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

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Collateral 100 $32,449,000 $324,000 $650,000 $90,000 $426,000
Debt-To-Income Ratio 69 $23,897,000 $346,000 $713,000 $72,000 $220,000
Credit History 42 $13,398,000 $319,000 $750,000 $85,000 $318,000
Other 25 $6,685,000 $267,000 $522,000 $80,000 $182,000
Insufficient Cash (Downpayment, Closing Cost) 16 $6,418,000 $401,000 $1,000,000 $108,000 $318,000
Unverifiable Information 15 $4,477,000 $298,000 $513,000 $89,000 $180,000
Credit Application Incomplete 8 $2,303,000 $287,000 $480,000 $57,000 $120,000
Employment History 5 $1,486,000 $297,000 $465,000 $87,000 $128,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0