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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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BEST RATE FUNDING CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
BEST RATE FUNDING CORP |
| Address | 2 MAC ARTHUR PLACE, STE. 800
SANTA ANA, CA 92707 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,540 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $932,377,000 |
| Average Mortgage Loan Amount Applied For | $165,785 |
| Highest Mortgage Loan Amount Applied For | $5,180,000 |
| Average Applicant Income | $77,933 |
| Highest Applicant Income | $1,728,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
679 | $137,478,000 |
$202,000 | $1,723,000 |
$117,000 | $713,000 |
| Refinancing |
3,997 | $820,540,000 |
$205,000 | $5,180,000 |
$90,000 | $1,728,000 |
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| American Indian or Alaskan Native |
11 | $2,312,000 |
$210,000 | $740,000 |
$98,000 | $213,000 |
| Asian |
29 | $6,330,000 |
$218,000 | $638,000 |
$118,000 | $304,000 |
| Black or African American |
222 | $46,140,000 |
$207,000 | $615,000 |
$87,000 | $340,000 |
| Hispanic |
234 | $57,325,000 |
$244,000 | $920,000 |
$117,000 | $923,000 |
| Native Hawaiin or Other Pacific Islander |
27 | $7,906,000 |
$292,000 | $1,500,000 |
$139,000 | $600,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,639 | $528,216,000 |
$200,000 | $5,180,000 |
$92,000 | $971,000 |
| White |
1,514 | $309,789,000 |
$204,000 | $1,875,000 |
$93,000 | $1,728,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,667 | $956,275,000 |
$204,000 | $5,180,000 |
$94,000 | $1,728,000 |
| FHA-insured (Federal Housing Administration) |
5 | $614,000 |
$122,000 | $240,000 |
$53,000 | $81,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $1,129,000 |
$282,000 | $384,000 |
$116,000 | $213,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
30 | $9,039,000 |
$301,000 | $1,280,000 |
$101,000 | $340,000 |
| Application Denied By Financial Institution |
335 | $61,865,000 |
$184,000 | $1,000,000 |
$85,000 | $480,000 |
| Application Withdrawn By Applicant |
1,277 | $258,443,000 |
$202,000 | $2,066,000 |
$94,000 | $1,728,000 |
| File Closed For Incompleteness |
2 | $348,000 |
$174,000 | $224,000 |
$77,000 | $112,000 |
| Loan Originated |
3,032 | $628,323,000 |
$207,000 | $5,180,000 |
$95,000 | $971,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
3 | $565,000 |
$188,000 | $391,000 |
$62,000 | $77,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $552,000 |
$552,000 | $552,000 |
$102,000 | $102,000 |
| Unverifiable Information |
1 | $116,000 |
$116,000 | $116,000 |
$186,000 | $186,000 |
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Mortgage Loan App Totals for BEST RATE FUNDING CORP by:
Metropolitan Area And
County
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