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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 LENDING NETWORK
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN LENDING NETWORK |
| Address | 1256 SOUTH STATE STREET #201
OREM, UT 84097 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 1,278 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $183,082,000 |
| Average Mortgage Loan Amount Applied For | $162,250 |
| Highest Mortgage Loan Amount Applied For | $727,000 |
| Average Applicant Income | $80,000 |
| Highest Applicant Income | $936,000 |
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| Home Improvement |
23 | $2,800,000 |
$168,333 | $274,000 |
$95,333 | $177,000 |
| Home Purchase |
780 | $100,610,000 |
$169,500 | $727,000 |
$73,666 | $360,000 |
| Refinancing |
601 | $97,200,000 |
$140,750 | $610,000 |
$76,000 | $936,000 |
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| American Indian or Alaskan Native |
2 | $160,000 |
$80,000 | $113,000 |
$132,000 | $151,000 |
| Asian |
42 | $7,993,000 |
$200,250 | $610,000 |
$73,750 | $936,000 |
| Black or African American |
7 | $1,123,000 |
$147,500 | $269,000 |
$73,000 | $208,000 |
| Hispanic |
73 | $9,255,000 |
$113,200 | $500,000 |
$61,800 | $175,000 |
| Native Hawaiin or Other Pacific Islander |
12 | $1,992,000 |
$173,333 | $360,000 |
$66,333 | $122,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8 | $1,427,000 |
$152,500 | $507,000 |
$67,000 | $144,000 |
| White |
1,260 | $178,660,000 |
$159,571 | $727,000 |
$80,357 | $744,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,217 | $176,326,000 |
$157,066 | $727,000 |
$78,600 | $936,000 |
| FHA-insured (Federal Housing Administration) |
177 | $22,625,000 |
$122,200 | $292,000 |
$38,600 | $220,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
10 | $1,659,000 |
$147,250 | $237,000 |
$46,250 | $96,000 |
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| Application Approved But Not Accepted |
10 | $1,107,000 |
$170,333 | $343,000 |
$58,333 | $140,000 |
| Application Denied By Financial Institution |
10 | $1,313,000 |
$186,500 | $395,000 |
$87,000 | $200,000 |
| Application Withdrawn By Applicant |
46 | $6,010,000 |
$155,800 | $450,000 |
$79,800 | $744,000 |
| File Closed For Incompleteness |
153 | $21,337,000 |
$134,400 | $620,000 |
$65,200 | $360,000 |
| Loan Originated |
1,180 | $169,881,000 |
$149,000 | $727,000 |
$77,600 | $936,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3 | $627,000 |
$209,000 | $400,000 |
$69,000 | $79,000 |
| Preapproval Denied by Financial Institution |
2 | $335,000 |
$167,000 | $270,000 |
$71,000 | $111,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
3 | $565,000 |
$178,500 | $270,000 |
$131,000 | $189,000 |
| Debt-To-Income Ratio |
1 | $65,000 |
$65,000 | $65,000 |
$32,000 | $32,000 |
| 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 |
1 | $395,000 |
$395,000 | $395,000 |
$175,000 | $175,000 |
| Unverifiable Information |
2 | $388,000 |
$194,000 | $314,000 |
$30,000 | $30,000 |
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Mortgage Loan App Totals for AMERICAN LENDING NETWORK by:
Metropolitan Area And
County
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