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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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ASPEN MORTGAGE, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
ASPEN MORTGAGE, LLC |
| Address | 7560 W. SAHARA AVE. #107
LAS VEGAS, NV 89117 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 961 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $190,823,000 |
| Average Mortgage Loan Amount Applied For | $255,941 |
| Highest Mortgage Loan Amount Applied For | $1,512,000 |
| Average Applicant Income | $232,058 |
| Highest Applicant Income | $1,860,000 |
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| Home Improvement |
1 | $65,000 |
$65,000 | $65,000 |
$72,000 | $72,000 |
| Home Purchase |
828 | $159,951,000 |
$193,000 | $800,000 |
$124,000 | $1,860,000 |
| Refinancing |
132 | $30,807,000 |
$233,000 | $1,512,000 |
$95,000 | $418,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
101 | $20,515,000 |
$203,000 | $612,000 |
$126,000 | $588,000 |
| Black or African American |
50 | $10,285,000 |
$205,000 | $615,000 |
$213,000 | $845,000 |
| Hispanic |
129 | $23,042,000 |
$178,000 | $647,000 |
$95,000 | $280,000 |
| Native Hawaiin or Other Pacific Islander |
13 | $1,884,000 |
$144,000 | $312,000 |
$136,000 | $492,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
60 | $11,523,000 |
$192,000 | $800,000 |
$108,000 | $360,000 |
| White |
608 | $123,574,000 |
$203,000 | $1,512,000 |
$118,000 | $1,860,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
946 | $187,416,000 |
$198,000 | $1,512,000 |
$121,000 | $1,860,000 |
| FHA-insured (Federal Housing Administration) |
8 | $1,758,000 |
$219,000 | $291,000 |
$99,000 | $194,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
7 | $1,649,000 |
$235,000 | $319,000 |
$67,000 | $106,000 |
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| Application Approved But Not Accepted |
370 | $70,979,000 |
$191,000 | $800,000 |
$137,000 | $1,860,000 |
| Application Denied By Financial Institution |
65 | $12,457,000 |
$191,000 | $730,000 |
$147,000 | $749,000 |
| Application Withdrawn By Applicant |
43 | $8,325,000 |
$193,000 | $600,000 |
$135,000 | $480,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
483 | $99,062,000 |
$205,000 | $1,512,000 |
$102,000 | $1,200,000 |
| 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 |
7 | $2,103,000 |
$300,000 | $730,000 |
$185,000 | $300,000 |
| Credit Application Incomplete |
14 | $2,511,000 |
$179,000 | $612,000 |
$160,000 | $281,000 |
| Credit History |
13 | $2,378,000 |
$182,000 | $547,000 |
$83,000 | $278,000 |
| Debt-To-Income Ratio |
13 | $1,780,000 |
$136,000 | $345,000 |
$118,000 | $204,000 |
| Employment History |
3 | $350,000 |
$116,000 | $168,000 |
$54,000 | $59,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $1,782,000 |
$254,000 | $640,000 |
$140,000 | $210,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $1,553,000 |
$194,000 | $650,000 |
$288,000 | $749,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for ASPEN MORTGAGE, LLC by:
Metropolitan Area And
County
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