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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 NETWORK
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN MORTGAGE NETWORK |
| Address | 10421 WATERIDGE CIR STE 250
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 | 103,214 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $21,853,382,000 |
| Average Mortgage Loan Amount Applied For | $142,376 |
| Highest Mortgage Loan Amount Applied For | $6,200,000 |
| Average Applicant Income | $70,878 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
86 | $17,566,000 |
$203,727 | $449,000 |
$67,272 | $180,000 |
| Home Purchase |
50,653 | $9,985,904,000 |
$157,480 | $4,130,000 |
$76,700 | $9,999,000 |
| Refinancing |
52,475 | $11,849,912,000 |
$179,080 | $6,200,000 |
$72,480 | $9,999,000 |
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| American Indian or Alaskan Native |
350 | $81,745,000 |
$170,416 | $2,500,000 |
$69,361 | $750,000 |
| Asian |
5,922 | $1,625,558,000 |
$186,272 | $2,580,000 |
$84,295 | $2,628,000 |
| Black or African American |
5,389 | $1,011,556,000 |
$155,543 | $2,097,000 |
$71,434 | $1,440,000 |
| Hispanic |
12,889 | $2,942,229,000 |
$147,162 | $2,000,000 |
$67,325 | $1,978,000 |
| Native Hawaiin or Other Pacific Islander |
590 | $147,436,000 |
$179,071 | $1,885,000 |
$77,428 | $900,000 |
| Not applicable |
1,135 | $203,371,000 |
$198,600 | $650,000 |
$0 | $0 |
| Not Provided |
6,512 | $1,550,467,000 |
$164,446 | $6,200,000 |
$73,702 | $9,999,000 |
| White |
70,427 | $14,291,020,000 |
$172,660 | $6,000,000 |
$78,860 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
98,964 | $21,208,348,000 |
$168,480 | $6,200,000 |
$77,840 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
2,932 | $414,396,000 |
$136,386 | $491,000 |
$39,659 | $247,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1,318 | $230,638,000 |
$162,300 | $409,000 |
$41,475 | $161,000 |
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| Application Approved But Not Accepted |
12,961 | $2,896,957,000 |
$174,060 | $2,940,000 |
$78,300 | $6,282,000 |
| Application Denied By Financial Institution |
10,653 | $2,240,981,000 |
$167,980 | $4,130,000 |
$78,980 | $3,324,000 |
| Application Withdrawn By Applicant |
8,072 | $1,961,387,000 |
$176,170 | $6,000,000 |
$77,255 | $9,999,000 |
| File Closed For Incompleteness |
1,469 | $302,048,000 |
$171,153 | $1,446,000 |
$83,487 | $9,999,000 |
| Loan Originated |
68,924 | $14,248,638,000 |
$165,280 | $6,200,000 |
$72,840 | $2,700,000 |
| Loan Purchased By The Institution |
1,135 | $203,371,000 |
$198,600 | $650,000 |
$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 |
1,442 | $291,030,000 |
$190,959 | $2,100,000 |
$99,979 | $1,230,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2,910 | $600,543,000 |
$158,840 | $3,200,000 |
$65,340 | $2,640,000 |
| Debt-To-Income Ratio |
1,783 | $353,205,000 |
$166,530 | $2,000,000 |
$62,938 | $593,000 |
| Employment History |
386 | $79,015,000 |
$188,147 | $1,785,000 |
$83,852 | $480,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
116 | $24,144,000 |
$197,600 | $998,000 |
$91,250 | $420,000 |
| Mortgage Insurance Denied |
6 | $973,000 |
$165,750 | $295,000 |
$85,000 | $116,000 |
| Other |
3,391 | $739,996,000 |
$172,571 | $4,130,000 |
$87,367 | $3,324,000 |
| Unverifiable Information |
619 | $152,075,000 |
$200,911 | $1,850,000 |
$92,676 | $1,751,000 |
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Mortgage Loan App Totals for AMERICAN MORTGAGE NETWORK by:
Metropolitan Area And
County
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