PHH Home Loans, LLC Mortgage Lending & HMDA Data, 2006
In 2006, PHH Home Loans, LLC of Mt Laurel, NJ reported 48,925 mortgage applications totaling $9.5 billion, up 304% from 2005. The average application was for $195,006, and applicants reported an average income of $104,735. 78% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (3,354), Chicago-Naperville-Joliet, IL (2,566) and St. Louis, MO-IL (2,491) (applications in parentheses).
| Mortgage Company & Address | PHH Home Loans, LLC 1 Mortgage Way 2nd Floor Mt Laurel, NJ 08054 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 48,925 |
| Total Mortgage Loan Application Amount | $9,540,680,000 |
| Average Mortgage Loan Application Amount | $195,006 |
| Highest Mortgage Loan Application Amount | $3,500,000 |
| Average Applicant Income | $104,735 |
| Highest Applicant Income | $9,662,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records PHH Home Loans, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for PHH Home Loans, LLC in 2006
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 | 44,383 | $8,489,404,000 | $191,000 | $3,500,000 | $105,000 | $9,662,000 |
| Refinancing | 4,309 | $993,388,000 | $230,000 | $1,590,000 | $102,000 | $1,733,000 |
| Home Improvement | 233 | $57,888,000 | $248,000 | $1,350,000 | $105,000 | $610,000 |
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 |
|---|---|---|---|---|---|---|
| White | 33,139 | $6,473,815,000 | $195,000 | $2,600,000 | $105,000 | $2,500,000 |
| Not Provided | 8,864 | $1,797,547,000 | $202,000 | $3,500,000 | $109,000 | $6,000,000 |
| Hispanic | 2,887 | $516,131,000 | $178,000 | $1,100,000 | $93,000 | $1,748,000 |
| Black or African American | 2,411 | $402,640,000 | $167,000 | $1,590,000 | $93,000 | $9,662,000 |
| Asian | 1,381 | $305,699,000 | $221,000 | $1,500,000 | $112,000 | $1,000,000 |
| American Indian or Alaskan Native | 151 | $25,227,000 | $167,000 | $900,000 | $93,000 | $500,000 |
| Native Hawaiian or Other Pacific Islander | 92 | $19,621,000 | $213,000 | $880,000 | $96,000 | $360,000 |
| 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) | 47,644 | $9,313,665,000 | $195,000 | $3,500,000 | $105,000 | $9,662,000 |
| VA-guaranteed (Veterans Administration) | 659 | $134,956,000 | $204,000 | $417,000 | $72,000 | $251,000 |
| FHA-insured (Federal Housing Administration) | 622 | $92,059,000 | $148,000 | $471,000 | $61,000 | $800,000 |
| 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 | 37,935 | $7,239,816,000 | $190,000 | $2,600,000 | $105,000 | $9,662,000 |
| Application Withdrawn By Applicant | 4,470 | $1,016,938,000 | $227,000 | $3,500,000 | $108,000 | $2,000,000 |
| Application Approved But Not Accepted | 3,674 | $737,332,000 | $200,000 | $1,500,000 | $104,000 | $1,532,000 |
| Application Denied By Financial Institution | 2,689 | $514,302,000 | $191,000 | $2,400,000 | $91,000 | $6,000,000 |
| File Closed For Incompleteness | 126 | $26,667,000 | $211,000 | $700,000 | $99,000 | $372,000 |
| Preapproval Approved but not Accepted | 30 | $5,565,000 | $185,000 | $620,000 | $86,000 | $236,000 |
| Preapproval Denied by Financial Institution | 1 | $60,000 | $60,000 | $60,000 | $118,000 | $118,000 |
| Loan Purchased By The 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 | 782 | $145,690,000 | $186,000 | $1,775,000 | $98,000 | $1,429,000 |
| Debt-To-Income Ratio | 672 | $131,803,000 | $196,000 | $2,080,000 | $72,000 | $435,000 |
| Credit History | 455 | $76,510,000 | $168,000 | $1,100,000 | $71,000 | $400,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 318 | $67,431,000 | $212,000 | $1,725,000 | $114,000 | $6,000,000 |
| Credit Application Incomplete | 228 | $44,317,000 | $194,000 | $988,000 | $106,000 | $660,000 |
| Other | 134 | $30,359,000 | $226,000 | $2,400,000 | $127,000 | $1,550,000 |
| Unverifiable Information | 52 | $9,966,000 | $191,000 | $685,000 | $95,000 | $325,000 |
| Employment History | 48 | $8,151,000 | $169,000 | $656,000 | $76,000 | $300,000 |
| Mortgage Insurance Denied | 1 | $135,000 | $135,000 | $135,000 | $70,000 | $70,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into PHH Home Loans, LLC's 2006 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess PHH Home Loans, LLC's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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