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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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ACTION MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
ACTION MORTGAGE COMPANY |
| Address | 111 N WALL
SPOKANE, WA 99201 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 4,444 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $693,580,000 |
| Average Mortgage Loan Amount Applied For | $156,237 |
| Highest Mortgage Loan Amount Applied For | $2,120,000 |
| Average Applicant Income | $84,865 |
| Highest Applicant Income | $2,017,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2,675 | $402,187,000 |
$207,117 | $2,016,000 |
$107,352 | $2,017,000 |
| Refinancing |
1,771 | $291,799,000 |
$209,125 | $2,120,000 |
$160,687 | $1,962,000 |
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| American Indian or Alaskan Native |
26 | $3,047,000 |
$113,333 | $330,000 |
$61,666 | $604,000 |
| Asian |
123 | $30,709,000 |
$339,625 | $1,000,000 |
$141,625 | $518,000 |
| Black or African American |
27 | $5,288,000 |
$157,250 | $800,000 |
$84,000 | $558,000 |
| Hispanic |
143 | $17,120,000 |
$118,428 | $486,000 |
$50,000 | $300,000 |
| Native Hawaiin or Other Pacific Islander |
17 | $2,199,000 |
$105,800 | $334,000 |
$72,000 | $227,000 |
| Not applicable |
40 | $8,821,000 |
$199,750 | $1,280,000 |
$9,000 | $110,000 |
| Not Provided |
368 | $59,363,000 |
$170,000 | $1,323,000 |
$64,714 | $1,050,000 |
| White |
3,702 | $567,439,000 |
$200,052 | $2,120,000 |
$153,157 | $2,017,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,864 | $628,057,000 |
$217,333 | $2,120,000 |
$150,095 | $2,017,000 |
| FHA-insured (Federal Housing Administration) |
463 | $49,756,000 |
$110,800 | $223,000 |
$33,200 | $350,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $223,000 |
$111,500 | $161,000 |
$40,000 | $56,000 |
| VA-guaranteed (Veterans Administration) |
117 | $15,950,000 |
$133,750 | $279,000 |
$46,000 | $146,000 |
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| Application Approved But Not Accepted |
764 | $112,461,000 |
$152,666 | $1,000,000 |
$104,000 | $872,000 |
| Application Denied By Financial Institution |
879 | $127,256,000 |
$158,300 | $1,323,000 |
$53,500 | $543,000 |
| Application Withdrawn By Applicant |
269 | $43,593,000 |
$228,000 | $1,600,000 |
$219,428 | $960,000 |
| File Closed For Incompleteness |
1 | $122,000 |
$122,000 | $122,000 |
$95,000 | $95,000 |
| Loan Originated |
2,512 | $406,003,000 |
$220,571 | $2,120,000 |
$126,000 | $2,017,000 |
| Loan Purchased By The Institution |
21 | $4,551,000 |
$213,444 | $484,000 |
$80,666 | $197,000 |
| 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 |
64 | $7,813,000 |
$114,200 | $391,000 |
$68,600 | $341,000 |
| Credit Application Incomplete |
112 | $14,786,000 |
$139,333 | $405,000 |
$45,833 | $350,000 |
| Credit History |
169 | $21,333,000 |
$114,500 | $564,000 |
$52,000 | $187,000 |
| Debt-To-Income Ratio |
190 | $30,843,000 |
$191,666 | $1,323,000 |
$38,166 | $192,000 |
| Employment History |
16 | $1,834,000 |
$115,000 | $341,000 |
$74,250 | $207,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
19 | $2,421,000 |
$144,400 | $250,000 |
$70,200 | $373,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
298 | $46,612,000 |
$165,285 | $500,000 |
$75,142 | $543,000 |
| Unverifiable Information |
11 | $1,614,000 |
$158,250 | $358,000 |
$54,000 | $120,000 |
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Mortgage Loan App Totals for ACTION MORTGAGE COMPANY by:
Metropolitan Area And
County
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