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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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ACADEMY MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
ACADEMY MORTGAGE CORP |
| Address | 4055 S 700 E #200
SALT LAKE CITY, UT 84107 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,285 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $625,435,000 |
| Average Mortgage Loan Amount Applied For | $140,424 |
| Highest Mortgage Loan Amount Applied For | $1,470,000 |
| Average Applicant Income | $88,780 |
| Highest Applicant Income | $1,729,000 |
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| Home Improvement |
3 | $58,000 |
$19,000 | $33,000 |
$56,000 | $103,000 |
| Home Purchase |
3,026 | $419,694,000 |
$138,000 | $1,470,000 |
$80,000 | $1,729,000 |
| Refinancing |
1,256 | $205,683,000 |
$163,000 | $1,388,000 |
$89,000 | $1,151,000 |
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| American Indian or Alaskan Native |
9 | $865,000 |
$96,000 | $229,000 |
$40,000 | $74,000 |
| Asian |
124 | $21,545,000 |
$173,000 | $800,000 |
$113,000 | $760,000 |
| Black or African American |
248 | $31,055,000 |
$125,000 | $1,000,000 |
$85,000 | $600,000 |
| Hispanic |
416 | $55,575,000 |
$133,000 | $960,000 |
$73,000 | $480,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $984,000 |
$140,000 | $217,000 |
$50,000 | $67,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
218 | $28,986,000 |
$132,000 | $772,000 |
$91,000 | $517,000 |
| White |
3,263 | $486,425,000 |
$149,000 | $1,470,000 |
$82,000 | $1,729,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,462 | $503,936,000 |
$145,000 | $1,470,000 |
$90,000 | $1,729,000 |
| FHA-insured (Federal Housing Administration) |
660 | $92,428,000 |
$140,000 | $265,000 |
$49,000 | $253,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
15 | $2,216,000 |
$147,000 | $184,000 |
$44,000 | $52,000 |
| VA-guaranteed (Veterans Administration) |
148 | $26,855,000 |
$181,000 | $336,000 |
$57,000 | $126,000 |
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| Application Approved But Not Accepted |
263 | $35,719,000 |
$135,000 | $1,000,000 |
$117,000 | $1,151,000 |
| Application Denied By Financial Institution |
287 | $41,576,000 |
$144,000 | $800,000 |
$106,000 | $480,000 |
| Application Withdrawn By Applicant |
58 | $7,955,000 |
$137,000 | $1,388,000 |
$99,000 | $427,000 |
| File Closed For Incompleteness |
90 | $13,194,000 |
$146,000 | $768,000 |
$97,000 | $423,000 |
| Loan Originated |
3,581 | $526,347,000 |
$146,000 | $1,470,000 |
$77,000 | $1,729,000 |
| Loan Purchased By The Institution |
6 | $644,000 |
$107,000 | $174,000 |
$47,000 | $63,000 |
| 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 |
41 | $6,352,000 |
$154,000 | $800,000 |
$95,000 | $348,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
62 | $8,893,000 |
$143,000 | $584,000 |
$102,000 | $465,000 |
| Debt-To-Income Ratio |
85 | $12,367,000 |
$145,000 | $660,000 |
$87,000 | $443,000 |
| Employment History |
12 | $1,744,000 |
$145,000 | $331,000 |
$108,000 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $513,000 |
$171,000 | $305,000 |
$131,000 | $216,000 |
| Mortgage Insurance Denied |
1 | $148,000 |
$148,000 | $148,000 |
$34,000 | $34,000 |
| Other |
65 | $9,958,000 |
$153,000 | $624,000 |
$145,000 | $480,000 |
| Unverifiable Information |
18 | $1,601,000 |
$88,000 | $312,000 |
$98,000 | $186,000 |
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Mortgage Loan App Totals for ACADEMY MORTGAGE CORP by:
Metropolitan Area And
County
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