| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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BANKERSWEST FUNDING CORPORATIO
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANKERSWEST FUNDING CORPORATIO |
| Address | 17595 ALMAHURST STREET #100A
CITY OF INDUSTRY, CA 91748 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 7,931 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,413,836,000 |
| Average Mortgage Loan Amount Applied For | $241,470 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $111,947 |
| Highest Applicant Income | $1,522,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2,897 | $855,454,000 |
$295,000 | $2,000,000 |
$113,000 | $1,522,000 |
| Refinancing |
5,130 | $1,582,459,000 |
$308,000 | $2,500,000 |
$97,000 | $1,477,000 |
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| American Indian or Alaskan Native |
22 | $7,129,000 |
$324,000 | $706,000 |
$100,000 | $311,000 |
| Asian |
627 | $220,949,000 |
$352,000 | $1,598,000 |
$130,000 | $672,000 |
| Black or African American |
414 | $129,267,000 |
$312,000 | $1,650,000 |
$108,000 | $1,200,000 |
| Hispanic |
5,025 | $1,482,415,000 |
$295,000 | $1,600,000 |
$89,000 | $1,477,000 |
| Native Hawaiin or Other Pacific Islander |
51 | $17,827,000 |
$349,000 | $876,000 |
$127,000 | $354,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
61 | $22,276,000 |
$365,000 | $1,000,000 |
$113,000 | $420,000 |
| White |
1,827 | $558,050,000 |
$305,000 | $2,500,000 |
$130,000 | $1,522,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,969 | $2,426,045,000 |
$304,000 | $2,500,000 |
$103,000 | $1,522,000 |
| FHA-insured (Federal Housing Administration) |
45 | $9,519,000 |
$211,000 | $585,000 |
$61,000 | $175,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
13 | $2,349,000 |
$180,000 | $299,000 |
$65,000 | $125,000 |
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| Application Approved But Not Accepted |
2,118 | $653,892,000 |
$308,000 | $1,820,000 |
$99,000 | $1,200,000 |
| Application Denied By Financial Institution |
1,054 | $321,856,000 |
$305,000 | $2,500,000 |
$114,000 | $1,200,000 |
| Application Withdrawn By Applicant |
2,387 | $758,932,000 |
$317,000 | $2,000,000 |
$115,000 | $1,522,000 |
| File Closed For Incompleteness |
205 | $73,609,000 |
$359,000 | $1,419,000 |
$118,000 | $485,000 |
| Loan Originated |
2,263 | $629,624,000 |
$278,000 | $1,598,000 |
$87,000 | $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 |
19 | $5,137,000 |
$270,000 | $942,000 |
$120,000 | $360,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
96 | $26,010,000 |
$270,000 | $660,000 |
$94,000 | $720,000 |
| Debt-To-Income Ratio |
31 | $10,290,000 |
$331,000 | $585,000 |
$90,000 | $318,000 |
| Employment History |
12 | $4,427,000 |
$368,000 | $1,000,000 |
$155,000 | $314,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $891,000 |
$297,000 | $339,000 |
$83,000 | $120,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
293 | $95,573,000 |
$326,000 | $968,000 |
$119,000 | $1,200,000 |
| Unverifiable Information |
4 | $1,111,000 |
$277,000 | $417,000 |
$98,000 | $134,000 |
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Mortgage Loan Application Totals for BANKERSWEST FUNDING CORPORATIO by:
Metropolitan Area And
County
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