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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 SPECIALISTS
Mortgage Loans and Application Details
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| Mortgage Company Name |
AMERICAN MORTGAGE SPECIALISTS |
| Address | 1255 WEST BASELINE ROAD, #288
MESA, AZ 85202 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,344 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $909,290,000 |
| Average Mortgage Loan Amount Applied For | $168,025 |
| Highest Mortgage Loan Amount Applied For | $2,700,000 |
| Average Applicant Income | $71,010 |
| Highest Applicant Income | $4,615,000 |
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| Home Improvement |
192 | $43,493,000 |
$226,000 | $1,200,000 |
$104,000 | $1,908,000 |
| Home Purchase |
1,240 | $225,740,000 |
$182,000 | $1,500,000 |
$105,000 | $4,615,000 |
| Refinancing |
2,912 | $640,057,000 |
$219,000 | $2,700,000 |
$86,000 | $2,187,000 |
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| American Indian or Alaskan Native |
12 | $2,151,000 |
$179,000 | $262,000 |
$76,000 | $170,000 |
| Asian |
161 | $33,552,000 |
$208,000 | $735,000 |
$86,000 | $293,000 |
| Black or African American |
236 | $53,327,000 |
$225,000 | $2,000,000 |
$111,000 | $900,000 |
| Hispanic |
776 | $140,499,000 |
$181,000 | $2,700,000 |
$79,000 | $1,080,000 |
| Native Hawaiin or Other Pacific Islander |
40 | $8,863,000 |
$221,000 | $654,000 |
$196,000 | $4,615,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
965 | $210,552,000 |
$218,000 | $1,440,000 |
$81,000 | $780,000 |
| White |
2,154 | $460,346,000 |
$213,000 | $2,079,000 |
$98,000 | $2,187,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,342 | $909,082,000 |
$209,000 | $2,700,000 |
$92,000 | $4,615,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $208,000 |
$104,000 | $180,000 |
$53,000 | $106,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
681 | $149,713,000 |
$219,000 | $2,700,000 |
$89,000 | $900,000 |
| Application Denied By Financial Institution |
500 | $105,789,000 |
$211,000 | $1,190,000 |
$88,000 | $780,000 |
| Application Withdrawn By Applicant |
820 | $174,871,000 |
$213,000 | $1,800,000 |
$100,000 | $2,187,000 |
| File Closed For Incompleteness |
20 | $3,450,000 |
$172,000 | $604,000 |
$83,000 | $216,000 |
| Loan Originated |
2,322 | $475,017,000 |
$204,000 | $1,000,000 |
$91,000 | $4,615,000 |
| Loan Purchased By The Institution |
1 | $450,000 |
$450,000 | $450,000 |
$166,000 | $166,000 |
| 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 |
3 | $1,069,000 |
$356,000 | $525,000 |
$161,000 | $271,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
11 | $2,452,000 |
$222,000 | $329,000 |
$79,000 | $133,000 |
| Debt-To-Income Ratio |
5 | $1,956,000 |
$391,000 | $647,000 |
$96,000 | $149,000 |
| Employment History |
3 | $475,000 |
$158,000 | $224,000 |
$73,000 | $132,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $467,000 |
$155,000 | $261,000 |
$128,000 | $174,000 |
| Mortgage Insurance Denied |
1 | $383,000 |
$383,000 | $383,000 |
$0 | $0 |
| Other |
9 | $2,435,000 |
$270,000 | $985,000 |
$175,000 | $780,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for AMERICAN MORTGAGE SPECIALISTS by:
Metropolitan Area And
County
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