AllMortgageDetail - Mortgage Application Details

Dynamic Capital Mortgage, Inc
Mortgage Loan Application
Totals and Details
for 2007

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Mortgage Company & Address Dynamic Capital Mortgage, Inc
1371 Beacon Street
Brookline, MA 02446
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2008  2007  2006  
Total Number of Mortgage Applications 1,223
Total Mortgage Loan Application Amount $375,484,000
Average Mortgage Loan Application Amount $297,880
Highest Mortgage Loan Application Amount $2,000,000
Average Applicant Income $177,936
Highest Applicant Income $1,872,000

Mortgage Loan Application Detail Totals for Dynamic Capital Mortgage, Inc 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
Home Purchase 616 $184,771,000 $299,000 $2,000,000 $158,000 $1,800,000
Refinancing 616 $194,249,000 $315,000 $1,830,000 $152,000 $1,872,000
Home Improvement 0 $0 $0 $0 $0 $0

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
White 832 $269,654,000 $324,000 $2,000,000 $178,000 $1,872,000
Black or African American 172 $41,434,000 $240,000 $1,000,000 $92,000 $457,000
Asian 91 $26,188,000 $287,000 $1,000,000 $115,000 $246,000
Hispanic 73 $17,280,000 $236,000 $592,000 $88,000 $460,000
Not Provided 59 $23,048,000 $390,000 $1,661,000 $155,000 $600,000
American Indian or Alaskan Native 4 $1,349,000 $337,000 $960,000 $180,000 $540,000
Native Hawaiin or Other Pacific Islander 1 $67,000 $67,000 $67,000 $82,000 $82,000
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) 1,199 $371,706,000 $310,000 $2,000,000 $157,000 $1,872,000
FHA-insured (Federal Housing Administration) 30 $6,530,000 $217,000 $357,000 $65,000 $140,000
VA-guaranteed (Veterans Administration) 3 $784,000 $261,000 $296,000 $78,000 $93,000
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 1,180 $363,671,000 $308,000 $2,000,000 $156,000 $1,872,000
Application Withdrawn By Applicant 36 $11,385,000 $316,000 $1,400,000 $125,000 $540,000
Application Denied By Financial Institution 11 $2,692,000 $244,000 $599,000 $130,000 $420,000
Application Approved But Not Accepted 3 $778,000 $259,000 $479,000 $73,000 $121,000
File Closed For Incompleteness 2 $494,000 $247,000 $280,000 $71,000 $81,000
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
Debt-To-Income Ratio 5 $1,407,000 $281,000 $351,000 $86,000 $145,000
Collateral 3 $456,000 $152,000 $210,000 $167,000 $270,000
Other 1 $90,000 $90,000 $90,000 $35,000 $35,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0