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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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ACOUSTIC HOME LOANS, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
ACOUSTIC HOME LOANS, LLC |
| Address | 770 THE CITY DRIVE SOUTH, SUITE 1500
ORANGE, CA 92868 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 32,312 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,696,479,000 |
| Average Mortgage Loan Amount Applied For | $129,128 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $70,703 |
| Highest Applicant Income | $1,399,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
22,379 | $3,615,059,000 |
$126,693 | $1,000,000 |
$73,081 | $1,399,000 |
| Refinancing |
9,933 | $2,081,420,000 |
$159,224 | $1,000,000 |
$75,326 | $1,203,000 |
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| American Indian or Alaskan Native |
178 | $31,846,000 |
$186,769 | $640,000 |
$88,807 | $632,000 |
| Asian |
1,375 | $317,141,000 |
$157,235 | $820,000 |
$128,558 | $885,000 |
| Black or African American |
6,575 | $970,599,000 |
$131,595 | $750,000 |
$67,904 | $1,399,000 |
| Hispanic |
11,282 | $2,149,483,000 |
$143,955 | $963,000 |
$74,755 | $1,194,000 |
| Native Hawaiin or Other Pacific Islander |
221 | $48,014,000 |
$162,500 | $671,000 |
$79,500 | $223,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,718 | $498,668,000 |
$143,133 | $1,000,000 |
$72,088 | $737,000 |
| White |
9,963 | $1,680,728,000 |
$142,020 | $1,000,000 |
$76,708 | $1,309,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
32,309 | $5,695,868,000 |
$136,040 | $1,000,000 |
$73,240 | $1,399,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
3 | $611,000 |
$234,000 | $326,000 |
$77,500 | $91,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
8,530 | $1,478,070,000 |
$144,717 | $850,000 |
$72,500 | $1,194,000 |
| Application Denied By Financial Institution |
7,319 | $1,480,576,000 |
$154,541 | $1,000,000 |
$72,729 | $1,058,000 |
| Application Withdrawn By Applicant |
852 | $177,687,000 |
$167,138 | $1,000,000 |
$79,027 | $885,000 |
| File Closed For Incompleteness |
297 | $59,221,000 |
$155,380 | $800,000 |
$86,000 | $784,000 |
| Loan Originated |
15,314 | $2,500,925,000 |
$125,551 | $1,000,000 |
$72,938 | $1,399,000 |
| 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 |
1,388 | $242,132,000 |
$152,088 | $963,000 |
$83,244 | $1,058,000 |
| Credit Application Incomplete |
156 | $32,103,000 |
$183,862 | $750,000 |
$89,620 | $462,000 |
| Credit History |
1,013 | $202,842,000 |
$159,950 | $916,000 |
$67,975 | $934,000 |
| Debt-To-Income Ratio |
1,129 | $240,425,000 |
$163,069 | $999,000 |
$52,511 | $512,000 |
| Employment History |
260 | $58,182,000 |
$178,172 | $765,000 |
$71,137 | $360,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
210 | $40,865,000 |
$145,687 | $750,000 |
$68,312 | $856,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
925 | $198,829,000 |
$160,886 | $975,000 |
$90,977 | $985,000 |
| Unverifiable Information |
833 | $211,050,000 |
$200,789 | $1,000,000 |
$101,078 | $542,000 |
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Mortgage Loan App Totals for ACOUSTIC HOME LOANS, LLC by:
Metropolitan Area And
County
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