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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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BRAVO CREDIT CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
BRAVO CREDIT CORPORATION |
| Address | 1733 ALTON PARKWAY, SUITE 200
IRVINE, CA 92606 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,461 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $504,427,000 |
| Average Mortgage Loan Amount Applied For | $168,820 |
| Highest Mortgage Loan Amount Applied For | $1,107,000 |
| Average Applicant Income | $65,705 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
47 | $8,949,000 |
$190,000 | $750,000 |
$73,000 | $480,000 |
| Home Purchase |
190 | $35,319,000 |
$185,000 | $790,000 |
$73,000 | $441,000 |
| Refinancing |
2,226 | $460,435,000 |
$206,000 | $1,107,000 |
$71,000 | $1,200,000 |
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| American Indian or Alaskan Native |
27 | $6,994,000 |
$259,000 | $700,000 |
$73,000 | $150,000 |
| Asian |
17 | $5,275,000 |
$310,000 | $625,000 |
$106,000 | $404,000 |
| Black or African American |
170 | $29,876,000 |
$175,000 | $650,000 |
$64,000 | $564,000 |
| Hispanic |
164 | $36,905,000 |
$225,000 | $800,000 |
$76,000 | $936,000 |
| Native Hawaiin or Other Pacific Islander |
13 | $3,557,000 |
$273,000 | $475,000 |
$76,000 | $160,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,222 | $263,055,000 |
$215,000 | $1,107,000 |
$70,000 | $1,200,000 |
| White |
850 | $159,041,000 |
$187,000 | $880,000 |
$72,000 | $923,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,463 | $504,703,000 |
$204,000 | $1,107,000 |
$71,000 | $1,200,000 |
| 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 |
156 | $30,557,000 |
$195,000 | $880,000 |
$80,000 | $923,000 |
| Application Denied By Financial Institution |
705 | $125,780,000 |
$178,000 | $770,000 |
$70,000 | $709,000 |
| Application Withdrawn By Applicant |
1,483 | $326,402,000 |
$220,000 | $1,107,000 |
$70,000 | $1,200,000 |
| File Closed For Incompleteness |
73 | $13,179,000 |
$180,000 | $475,000 |
$74,000 | $480,000 |
| Loan Originated |
44 | $8,509,000 |
$193,000 | $646,000 |
$77,000 | $214,000 |
| 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 |
2 | $276,000 |
$138,000 | $156,000 |
$38,000 | $57,000 |
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| Collateral |
44 | $5,791,000 |
$131,000 | $358,000 |
$68,000 | $162,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
23 | $4,140,000 |
$180,000 | $620,000 |
$62,000 | $144,000 |
| Debt-To-Income Ratio |
6 | $1,296,000 |
$216,000 | $415,000 |
$47,000 | $86,000 |
| Employment History |
2 | $343,000 |
$171,000 | $308,000 |
$103,000 | $148,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $473,000 |
$236,000 | $293,000 |
$92,000 | $159,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
11 | $1,338,000 |
$121,000 | $213,000 |
$63,000 | $116,000 |
| Unverifiable Information |
10 | $1,859,000 |
$185,000 | $413,000 |
$95,000 | $132,000 |
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Mortgage Loan App Totals for BRAVO CREDIT CORPORATION by:
Metropolitan Area And
County
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