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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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ABACUS MORTGAGE, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
ABACUS MORTGAGE, INC |
| Address | 130 ANDOVER PARK EAST #205
TUKWILA, WA 98188 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 170 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,804,000 |
| Average Mortgage Loan Amount Applied For | $179,185 |
| Highest Mortgage Loan Amount Applied For | $568,000 |
| Average Applicant Income | $72,148 |
| Highest Applicant Income | $390,000 |
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| Home Improvement |
4 | $599,000 |
$149,000 | $252,000 |
$86,000 | $156,000 |
| Home Purchase |
75 | $15,303,000 |
$204,000 | $417,000 |
$76,000 | $240,000 |
| Refinancing |
92 | $22,102,000 |
$240,000 | $568,000 |
$78,000 | $390,000 |
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| American Indian or Alaskan Native |
1 | $81,000 |
$81,000 | $81,000 |
$18,000 | $18,000 |
| Asian |
24 | $5,635,000 |
$234,000 | $416,000 |
$79,000 | $240,000 |
| Black or African American |
8 | $1,365,000 |
$170,000 | $308,000 |
$60,000 | $90,000 |
| Hispanic |
6 | $1,555,000 |
$259,000 | $336,000 |
$109,000 | $390,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $1,346,000 |
$269,000 | $359,000 |
$114,000 | $179,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
127 | $28,022,000 |
$220,000 | $568,000 |
$76,000 | $168,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
170 | $37,792,000 |
$222,000 | $568,000 |
$78,000 | $390,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $212,000 |
$212,000 | $212,000 |
$78,000 | $78,000 |
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| Application Approved But Not Accepted |
12 | $2,123,000 |
$176,000 | $315,000 |
$76,000 | $116,000 |
| Application Denied By Financial Institution |
8 | $1,750,000 |
$218,000 | $440,000 |
$82,000 | $136,000 |
| Application Withdrawn By Applicant |
1 | $35,000 |
$35,000 | $35,000 |
$77,000 | $77,000 |
| File Closed For Incompleteness |
20 | $3,151,000 |
$157,000 | $336,000 |
$84,000 | $390,000 |
| Loan Originated |
130 | $30,945,000 |
$238,000 | $568,000 |
$77,000 | $240,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
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 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ABACUS MORTGAGE, INC by:
Metropolitan Area And
County
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