AllMortgageDetail - Mortgage Application Details

Phh Mortgage Corporation
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Phh Mortgage Corporation
1 Mortgage Way
Mt Laurel, NJ 08054
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 36,874
Total Mortgage Loan Application Amount $6,884,214,000
Average Mortgage Loan Application Amount $142,635
Highest Mortgage Loan Application Amount $1,400,000
Average Applicant Income $47,550
Highest Applicant Income $9,556,000

Mortgage Loan Application Detail Totals for Phh Mortgage Corporation in 2014

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 19,037 $3,276,714,000 $172,000 $1,349,000 $51,000 $9,556,000
Home Purchase 17,627 $3,576,301,000 $202,000 $1,400,000 $41,000 $1,518,000
Home Improvement 210 $31,199,000 $148,000 $972,000 $72,000 $500,000

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
Not applicable 16,396 $3,570,457,000 $217,000 $1,280,000 $0 $0
White 13,637 $2,172,554,000 $159,000 $1,400,000 $84,000 $9,556,000
Not Provided 2,886 $522,097,000 $180,000 $1,144,000 $88,000 $2,158,000
Hispanic 1,615 $247,252,000 $153,000 $1,100,000 $73,000 $1,530,000
Black or African American 1,609 $232,289,000 $144,000 $617,000 $73,000 $475,000
Asian 490 $102,210,000 $208,000 $1,370,000 $100,000 $602,000
American Indian or Alaskan Native 192 $28,883,000 $150,000 $566,000 $73,000 $373,000
Native Hawaiin or Other Pacific Islander 49 $8,472,000 $172,000 $506,000 $158,000 $4,160,000

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) 30,187 $5,710,008,000 $189,000 $1,400,000 $46,000 $9,556,000
FHA-insured (Federal Housing Administration) 3,317 $517,378,000 $155,000 $860,000 $40,000 $389,000
VA-guaranteed (Veterans Administration) 2,743 $575,342,000 $209,000 $937,000 $57,000 $797,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 627 $81,486,000 $129,000 $411,000 $24,000 $131,000

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 Purchased By The Institution 16,396 $3,570,457,000 $217,000 $1,280,000 $0 $0
Loan Originated 12,340 $2,026,970,000 $164,000 $1,370,000 $83,000 $3,211,000
Application Denied By Financial Institution 3,371 $522,259,000 $154,000 $1,164,000 $75,000 $4,160,000
Application Withdrawn By Applicant 3,005 $483,370,000 $160,000 $1,400,000 $91,000 $9,556,000
File Closed For Incompleteness 1,325 $209,882,000 $158,000 $817,000 $87,000 $2,500,000
Application Approved But Not Accepted 437 $71,276,000 $163,000 $813,000 $89,000 $2,356,000
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 846 $145,672,000 $172,000 $1,164,000 $57,000 $1,192,000
Credit History 753 $108,454,000 $144,000 $972,000 $75,000 $696,000
Collateral 744 $116,355,000 $156,000 $608,000 $88,000 $750,000
Other 483 $68,204,000 $141,000 $704,000 $84,000 $4,160,000
Insufficient Cash (Downpayment, Closing Cost) 184 $28,442,000 $154,000 $864,000 $70,000 $697,000
Credit Application Incomplete 174 $28,117,000 $161,000 $576,000 $95,000 $1,530,000
Unverifiable Information 95 $14,435,000 $151,000 $520,000 $66,000 $358,000
Employment History 47 $6,527,000 $138,000 $417,000 $70,000 $300,000
Mortgage Insurance Denied 28 $3,366,000 $120,000 $372,000 $76,000 $218,000