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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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AMERICAN INTERNET MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN INTERNET MORTGAGE |
| Address | 4241 JUTLAND DRIVE SUITE 305
SAN DIEGO, CA 92117 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,979 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $808,029,000 |
| Average Mortgage Loan Amount Applied For | $188,127 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $100,984 |
| Highest Applicant Income | $3,636,000 |
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| Home Improvement |
295 | $78,115,000 |
$264,000 | $990,000 |
$107,000 | $750,000 |
| Home Purchase |
1,492 | $370,595,000 |
$248,000 | $1,880,000 |
$110,000 | $1,578,000 |
| Refinancing |
1,442 | $419,956,000 |
$291,000 | $2,000,000 |
$111,000 | $3,636,000 |
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| American Indian or Alaskan Native |
10 | $1,420,000 |
$142,000 | $327,000 |
$101,000 | $156,000 |
| Asian |
323 | $103,011,000 |
$318,000 | $1,350,000 |
$116,000 | $710,000 |
| Black or African American |
98 | $21,072,000 |
$215,000 | $900,000 |
$86,000 | $239,000 |
| Hispanic |
245 | $64,751,000 |
$264,000 | $886,000 |
$88,000 | $410,000 |
| Native Hawaiin or Other Pacific Islander |
19 | $7,778,000 |
$409,000 | $1,050,000 |
$103,000 | $275,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,011 | $264,950,000 |
$262,000 | $1,880,000 |
$109,000 | $1,578,000 |
| White |
1,523 | $405,684,000 |
$266,000 | $2,000,000 |
$115,000 | $3,636,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,229 | $868,666,000 |
$269,000 | $2,000,000 |
$110,000 | $3,636,000 |
| 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 |
101 | $28,430,000 |
$281,000 | $1,000,000 |
$110,000 | $408,000 |
| Application Denied By Financial Institution |
561 | $142,806,000 |
$254,000 | $1,880,000 |
$88,000 | $1,200,000 |
| Application Withdrawn By Applicant |
676 | $195,988,000 |
$289,000 | $2,000,000 |
$126,000 | $1,667,000 |
| File Closed For Incompleteness |
190 | $45,326,000 |
$238,000 | $1,490,000 |
$116,000 | $3,636,000 |
| Loan Originated |
1,541 | $415,651,000 |
$269,000 | $1,100,000 |
$113,000 | $2,538,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
64 | $17,230,000 |
$269,000 | $780,000 |
$108,000 | $792,000 |
| Preapproval Denied by Financial Institution |
96 | $23,235,000 |
$242,000 | $870,000 |
$73,000 | $710,000 |
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| Collateral |
78 | $16,279,000 |
$208,000 | $1,250,000 |
$82,000 | $516,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
161 | $29,933,000 |
$185,000 | $1,880,000 |
$93,000 | $1,200,000 |
| Debt-To-Income Ratio |
277 | $81,230,000 |
$293,000 | $1,290,000 |
$74,000 | $312,000 |
| Employment History |
13 | $4,348,000 |
$334,000 | $870,000 |
$120,000 | $274,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
16 | $4,581,000 |
$286,000 | $864,000 |
$101,000 | $350,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
54 | $13,691,000 |
$253,000 | $1,800,000 |
$108,000 | $618,000 |
| Unverifiable Information |
11 | $1,904,000 |
$173,000 | $380,000 |
$75,000 | $173,000 |
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Mortgage Loan App Totals for AMERICAN INTERNET MORTGAGE by:
Metropolitan Area And
County
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