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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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AAA WORLDWIDE FINANCIAL CO.
Mortgage Loans and Application Details
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| Mortgage Company Name |
AAA WORLDWIDE FINANCIAL CO. |
| Address | 5057 KELLER SPRINGS RD
ADDISON, TX 75001 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 808 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $88,237,000 |
| Average Mortgage Loan Amount Applied For | $105,339 |
| Highest Mortgage Loan Amount Applied For | $576,000 |
| Average Applicant Income | $48,992 |
| Highest Applicant Income | $357,000 |
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| Home Improvement |
1 | $71,000 |
$71,000 | $71,000 |
$30,000 | $30,000 |
| Home Purchase |
687 | $75,391,000 |
$109,000 | $576,000 |
$48,000 | $357,000 |
| Refinancing |
139 | $14,750,000 |
$106,000 | $427,000 |
$53,000 | $300,000 |
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| American Indian or Alaskan Native |
2 | $236,000 |
$118,000 | $155,000 |
$53,000 | $86,000 |
| Asian |
2 | $208,000 |
$104,000 | $133,000 |
$61,000 | $62,000 |
| Black or African American |
86 | $9,582,000 |
$111,000 | $576,000 |
$48,000 | $250,000 |
| Hispanic |
153 | $15,971,000 |
$104,000 | $280,000 |
$46,000 | $153,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $171,000 |
$85,000 | $137,000 |
$87,000 | $99,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
136 | $15,237,000 |
$112,000 | $420,000 |
$44,000 | $141,000 |
| White |
446 | $48,807,000 |
$109,000 | $464,000 |
$52,000 | $357,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
208 | $25,895,000 |
$124,000 | $576,000 |
$63,000 | $357,000 |
| FHA-insured (Federal Housing Administration) |
615 | $63,729,000 |
$103,000 | $304,000 |
$44,000 | $134,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $94,000 |
$94,000 | $94,000 |
$65,000 | $65,000 |
| VA-guaranteed (Veterans Administration) |
3 | $494,000 |
$164,000 | $191,000 |
$63,000 | $79,000 |
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| Application Approved But Not Accepted |
17 | $1,931,000 |
$113,000 | $576,000 |
$59,000 | $250,000 |
| Application Denied By Financial Institution |
274 | $30,081,000 |
$109,000 | $350,000 |
$43,000 | $141,000 |
| Application Withdrawn By Applicant |
118 | $13,366,000 |
$113,000 | $280,000 |
$49,000 | $357,000 |
| File Closed For Incompleteness |
8 | $718,000 |
$89,000 | $178,000 |
$42,000 | $84,000 |
| Loan Originated |
410 | $44,116,000 |
$107,000 | $464,000 |
$52,000 | $357,000 |
| 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 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
11 | $888,000 |
$80,000 | $116,000 |
$49,000 | $141,000 |
| Credit History |
167 | $19,362,000 |
$115,000 | $350,000 |
$44,000 | $138,000 |
| Debt-To-Income Ratio |
44 | $4,488,000 |
$102,000 | $300,000 |
$40,000 | $85,000 |
| Employment History |
5 | $498,000 |
$99,000 | $194,000 |
$40,000 | $55,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $677,000 |
$96,000 | $167,000 |
$33,000 | $53,000 |
| Mortgage Insurance Denied |
2 | $227,000 |
$113,000 | $116,000 |
$42,000 | $45,000 |
| Other |
19 | $1,947,000 |
$102,000 | $225,000 |
$42,000 | $65,000 |
| Unverifiable Information |
5 | $453,000 |
$90,000 | $115,000 |
$38,000 | $70,000 |
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Mortgage Loan App Totals for AAA WORLDWIDE FINANCIAL CO. by:
Metropolitan Area And
County
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