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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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BANKERSWEST FUNDING CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
BANKERSWEST FUNDING CORP |
| Address | 17595 ALAMHURST STREET # 100A
CITY OF INDUSTRY, CA 91748 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 9,146 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,523,329,000 |
| Average Mortgage Loan Amount Applied For | $251,987 |
| Highest Mortgage Loan Amount Applied For | $6,000,000 |
| Average Applicant Income | $102,794 |
| Highest Applicant Income | $2,400,000 |
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| Home Improvement |
8 | $2,074,000 |
$259,000 | $520,000 |
$107,000 | $240,000 |
| Home Purchase |
4,166 | $1,040,978,000 |
$249,000 | $2,000,000 |
$95,000 | $1,643,000 |
| Refinancing |
5,044 | $1,500,123,000 |
$297,000 | $6,000,000 |
$90,000 | $2,400,000 |
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| American Indian or Alaskan Native |
41 | $10,855,000 |
$264,000 | $628,000 |
$78,000 | $370,000 |
| Asian |
1,195 | $373,553,000 |
$312,000 | $1,700,000 |
$112,000 | $936,000 |
| Black or African American |
451 | $124,270,000 |
$275,000 | $1,040,000 |
$107,000 | $1,044,000 |
| Hispanic |
6,095 | $1,599,893,000 |
$262,000 | $2,000,000 |
$80,000 | $1,203,000 |
| Native Hawaiin or Other Pacific Islander |
84 | $25,899,000 |
$308,000 | $948,000 |
$138,000 | $401,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
35 | $7,624,000 |
$217,000 | $492,000 |
$83,000 | $242,000 |
| White |
1,317 | $401,081,000 |
$304,000 | $6,000,000 |
$127,000 | $2,400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
9,218 | $2,543,175,000 |
$275,000 | $6,000,000 |
$92,000 | $2,400,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
2,549 | $719,377,000 |
$282,000 | $2,100,000 |
$87,000 | $2,400,000 |
| Application Denied By Financial Institution |
869 | $243,489,000 |
$280,000 | $6,000,000 |
$113,000 | $1,643,000 |
| Application Withdrawn By Applicant |
1,468 | $415,494,000 |
$283,000 | $1,380,000 |
$104,000 | $942,000 |
| File Closed For Incompleteness |
514 | $145,958,000 |
$283,000 | $1,440,000 |
$106,000 | $1,200,000 |
| Loan Originated |
3,818 | $1,018,857,000 |
$266,000 | $2,000,000 |
$85,000 | $1,203,000 |
| 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 |
14 | $3,864,000 |
$276,000 | $1,155,000 |
$98,000 | $243,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
50 | $13,067,000 |
$261,000 | $516,000 |
$101,000 | $210,000 |
| Debt-To-Income Ratio |
21 | $4,710,000 |
$224,000 | $596,000 |
$82,000 | $211,000 |
| Employment History |
6 | $1,484,000 |
$247,000 | $496,000 |
$101,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $1,023,000 |
$255,000 | $498,000 |
$61,000 | $122,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
14 | $4,932,000 |
$352,000 | $1,800,000 |
$152,000 | $600,000 |
| Unverifiable Information |
2 | $419,000 |
$209,000 | $239,000 |
$63,000 | $78,000 |
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Mortgage Loan App Totals for BANKERSWEST FUNDING CORP by:
Metropolitan Area And
County
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