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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 | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,442 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $435,225,000 |
| Average Mortgage Loan Amount Applied For | $177,897 |
| Highest Mortgage Loan Amount Applied For | $2,925,000 |
| Average Applicant Income | $112,408 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
37 | $6,053,000 |
$163,000 | $550,000 |
$84,000 | $550,000 |
| Home Purchase |
1,664 | $287,482,000 |
$172,000 | $2,925,000 |
$89,000 | $9,999,000 |
| Refinancing |
741 | $141,690,000 |
$191,000 | $1,000,000 |
$124,000 | $5,069,000 |
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| American Indian or Alaskan Native |
15 | $2,466,000 |
$164,000 | $389,000 |
$103,000 | $600,000 |
| Asian |
43 | $7,919,000 |
$184,000 | $476,000 |
$76,000 | $350,000 |
| Black or African American |
13 | $1,851,000 |
$142,000 | $270,000 |
$50,000 | $124,000 |
| Hispanic |
141 | $19,956,000 |
$141,000 | $600,000 |
$54,000 | $508,000 |
| Native Hawaiin or Other Pacific Islander |
11 | $1,804,000 |
$164,000 | $295,000 |
$50,000 | $114,000 |
| Not applicable |
87 | $24,196,000 |
$278,000 | $1,200,000 |
$0 | $0 |
| Not Provided |
233 | $39,442,000 |
$169,000 | $1,000,000 |
$131,000 | $1,425,000 |
| White |
1,899 | $337,591,000 |
$177,000 | $2,925,000 |
$105,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,219 | $404,781,000 |
$182,000 | $2,925,000 |
$104,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
177 | $22,344,000 |
$126,000 | $270,000 |
$48,000 | $393,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $106,000 |
$106,000 | $106,000 |
$36,000 | $36,000 |
| VA-guaranteed (Veterans Administration) |
45 | $7,994,000 |
$177,000 | $350,000 |
$59,000 | $115,000 |
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| Application Approved But Not Accepted |
626 | $101,947,000 |
$162,000 | $2,925,000 |
$79,000 | $1,190,000 |
| Application Denied By Financial Institution |
222 | $32,840,000 |
$147,000 | $784,000 |
$59,000 | $859,000 |
| Application Withdrawn By Applicant |
317 | $57,186,000 |
$180,000 | $1,000,000 |
$85,000 | $1,800,000 |
| File Closed For Incompleteness |
1 | $200,000 |
$200,000 | $200,000 |
$108,000 | $108,000 |
| Loan Originated |
1,276 | $243,052,000 |
$190,000 | $1,200,000 |
$120,000 | $9,999,000 |
| 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 | $135,000 |
$135,000 | $135,000 |
$48,000 | $48,000 |
| Credit Application Incomplete |
2 | $192,000 |
$96,000 | $97,000 |
$26,000 | $33,000 |
| Credit History |
23 | $2,414,000 |
$104,000 | $228,000 |
$42,000 | $102,000 |
| Debt-To-Income Ratio |
31 | $4,006,000 |
$129,000 | $227,000 |
$47,000 | $350,000 |
| Employment History |
8 | $1,076,000 |
$134,000 | $260,000 |
$43,000 | $94,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $303,000 |
$151,000 | $155,000 |
$34,000 | $36,000 |
| Mortgage Insurance Denied |
1 | $127,000 |
$127,000 | $127,000 |
$62,000 | $62,000 |
| Other |
1 | $67,000 |
$67,000 | $67,000 |
$64,000 | $64,000 |
| Unverifiable Information |
6 | $617,000 |
$102,000 | $176,000 |
$46,000 | $72,000 |
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Mortgage Loan App Totals for ACTION MORTGAGE COMPANY by:
Metropolitan Area And
County
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