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LEHMAN BROTHERS BANK 745 SEVENTH AVENUE, 24TH FLOOR
NEW YORK, 10019

2006 Mortgage Research Minnesota US
Total Applications 9,615 523,912
Average Loan $173.0k $200.8k
Loan to Income Ratio 1.79 1.77
Subprime Loans 6.84% 6.71%
Refinancing Loans 39.96% 37.77%
Principal Dwellings 85.42% 82.84%
Rejected Applications 8.09% 7.49%