AllMortgageDetail - Mortgage Application Details

Wall Street Financial Corp
Mortgage Loan Application
Totals and Details
for 2006

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Mortgage Company & Address Wall Street Financial Corp
75 Lane Road
Fairfield, NJ 07004
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 2,337
Total Mortgage Loan Application Amount $581,061,000
Average Mortgage Loan Application Amount $203,646
Highest Mortgage Loan Application Amount $2,800,000
Average Applicant Income $109,841
Highest Applicant Income $4,582,000

Mortgage Loan Application Detail Totals for Wall Street Financial Corp 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 1,527 $356,621,000 $233,000 $2,800,000 $121,000 $4,582,000
Refinancing 809 $223,903,000 $276,000 $2,625,000 $116,000 $2,160,000
Home Improvement 2 $617,000 $308,000 $323,000 $94,000 $102,000

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
Hispanic 1,179 $292,475,000 $248,000 $1,449,000 $101,000 $504,000
White 514 $133,863,000 $260,000 $2,800,000 $158,000 $4,582,000
Black or African American 414 $98,646,000 $238,000 $700,000 $121,000 $439,000
Asian 169 $42,844,000 $253,000 $640,000 $131,000 $387,000
Not Provided 52 $10,565,000 $203,000 $556,000 $94,000 $302,000
American Indian or Alaskan Native 5 $1,542,000 $308,000 $512,000 $145,000 $167,000
Native Hawaiin or Other Pacific Islander 4 $1,203,000 $300,000 $399,000 $112,000 $176,000
Not applicable 1 $3,000 $3,000 $3,000 $240,000 $240,000

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) 2,063 $492,853,000 $238,000 $2,800,000 $129,000 $4,582,000
FHA-insured (Federal Housing Administration) 275 $88,288,000 $321,000 $542,000 $46,000 $209,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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 1,759 $437,445,000 $248,000 $2,800,000 $125,000 $4,582,000
Application Withdrawn By Applicant 352 $87,718,000 $249,000 $694,000 $99,000 $421,000
Application Approved But Not Accepted 200 $48,779,000 $243,000 $728,000 $106,000 $600,000
Application Denied By Financial Institution 27 $7,199,000 $266,000 $624,000 $90,000 $250,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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 1 $444,000 $444,000 $444,000 $0 $0
Other 1 $262,000 $262,000 $262,000 $113,000 $113,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 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