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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 MORTGAGE EXPRESS
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN MORTGAGE EXPRESS |
| Address | 10251 VISTA SORRENTO PARKWAY
SAN DIEGO, CA 92121 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 19,491 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,833,943,000 |
| Average Mortgage Loan Amount Applied For | $154,177 |
| Highest Mortgage Loan Amount Applied For | $2,835,000 |
| Average Applicant Income | $83,670 |
| Highest Applicant Income | $3,328,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
11,085 | $1,910,066,000 |
$149,827 | $1,950,000 |
$92,689 | $3,328,000 |
| Refinancing |
8,406 | $1,923,877,000 |
$174,518 | $2,835,000 |
$77,296 | $2,178,000 |
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| American Indian or Alaskan Native |
104 | $15,712,000 |
$135,100 | $450,000 |
$62,200 | $369,000 |
| Asian |
897 | $229,684,000 |
$213,000 | $1,500,000 |
$129,538 | $1,181,000 |
| Black or African American |
1,200 | $245,671,000 |
$155,470 | $1,950,000 |
$84,352 | $1,434,000 |
| Hispanic |
5,299 | $954,286,000 |
$133,692 | $1,275,000 |
$70,307 | $1,800,000 |
| Native Hawaiin or Other Pacific Islander |
248 | $57,854,000 |
$156,636 | $1,680,000 |
$104,909 | $3,328,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3,429 | $830,872,000 |
$162,000 | $2,835,000 |
$79,178 | $2,178,000 |
| White |
8,314 | $1,499,864,000 |
$167,333 | $2,300,000 |
$104,625 | $2,094,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
19,448 | $3,828,145,000 |
$167,156 | $2,835,000 |
$92,718 | $3,328,000 |
| FHA-insured (Federal Housing Administration) |
29 | $3,504,000 |
$152,000 | $255,000 |
$30,666 | $85,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
14 | $2,294,000 |
$193,333 | $334,000 |
$57,333 | $112,000 |
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| Application Approved But Not Accepted |
4,839 | $918,535,000 |
$148,294 | $1,817,000 |
$83,176 | $1,966,000 |
| Application Denied By Financial Institution |
3,909 | $743,950,000 |
$157,650 | $2,200,000 |
$95,300 | $3,328,000 |
| Application Withdrawn By Applicant |
1,642 | $317,955,000 |
$137,227 | $1,625,000 |
$61,727 | $1,800,000 |
| File Closed For Incompleteness |
486 | $98,324,000 |
$133,066 | $1,700,000 |
$91,200 | $1,790,000 |
| Loan Originated |
8,615 | $1,755,179,000 |
$169,192 | $2,835,000 |
$103,153 | $2,178,000 |
| 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 |
325 | $54,833,000 |
$148,142 | $900,000 |
$156,285 | $3,328,000 |
| Credit Application Incomplete |
3 | $587,000 |
$195,000 | $270,000 |
$73,000 | $80,000 |
| Credit History |
892 | $147,717,000 |
$167,285 | $1,200,000 |
$71,214 | $735,000 |
| Debt-To-Income Ratio |
487 | $91,577,000 |
$162,923 | $1,000,000 |
$73,615 | $720,000 |
| Employment History |
114 | $17,399,000 |
$141,000 | $620,000 |
$81,083 | $347,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
10 | $1,855,000 |
$176,428 | $524,000 |
$67,571 | $105,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
370 | $66,971,000 |
$139,615 | $1,200,000 |
$91,461 | $1,116,000 |
| Unverifiable Information |
26 | $4,633,000 |
$152,666 | $725,000 |
$88,444 | $240,000 |
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Mortgage Loan App Totals for AMERICAN MORTGAGE EXPRESS by:
Metropolitan Area And
County
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