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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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ACT LENDING CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
ACT LENDING CORPORATION |
| Address | 481 SAWGRASS CORPORATE PARKWAY
SUNRISE, FL 33325 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 13,896 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,546,314,000 |
| Average Mortgage Loan Amount Applied For | $166,847 |
| Highest Mortgage Loan Amount Applied For | $2,200,000 |
| Average Applicant Income | $93,173 |
| Highest Applicant Income | $1,963,000 |
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| Home Improvement |
279 | $59,354,000 |
$212,000 | $1,170,000 |
$84,000 | $798,000 |
| Home Purchase |
10,253 | $1,769,255,000 |
$172,000 | $2,076,000 |
$92,000 | $1,963,000 |
| Refinancing |
3,364 | $717,705,000 |
$213,000 | $2,200,000 |
$99,000 | $1,717,000 |
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| American Indian or Alaskan Native |
32 | $5,097,000 |
$159,000 | $596,000 |
$90,000 | $300,000 |
| Asian |
442 | $100,122,000 |
$226,000 | $2,200,000 |
$101,000 | $910,000 |
| Black or African American |
4,007 | $643,188,000 |
$160,000 | $1,645,000 |
$82,000 | $1,479,000 |
| Hispanic |
4,662 | $872,284,000 |
$187,000 | $2,076,000 |
$83,000 | $1,221,000 |
| Native Hawaiin or Other Pacific Islander |
43 | $10,820,000 |
$251,000 | $1,050,000 |
$120,000 | $426,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
938 | $186,394,000 |
$198,000 | $1,495,000 |
$105,000 | $1,900,000 |
| White |
3,772 | $728,409,000 |
$193,000 | $1,885,000 |
$114,000 | $1,963,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
13,896 | $2,546,314,000 |
$183,000 | $2,200,000 |
$93,000 | $1,963,000 |
| 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) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
477 | $84,025,000 |
$176,000 | $960,000 |
$89,000 | $840,000 |
| Application Denied By Financial Institution |
7,117 | $1,376,326,000 |
$193,000 | $2,200,000 |
$97,000 | $1,926,000 |
| Application Withdrawn By Applicant |
72 | $14,236,000 |
$197,000 | $1,274,000 |
$107,000 | $668,000 |
| File Closed For Incompleteness |
848 | $169,337,000 |
$199,000 | $1,870,000 |
$102,000 | $1,000,000 |
| Loan Originated |
5,382 | $902,390,000 |
$167,000 | $1,387,000 |
$87,000 | $1,963,000 |
| 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 ACT LENDING CORPORATION by:
Metropolitan Area And
County
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