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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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CERTIFIED FUNDING, L.P.
Mortgage Loans and Application Details
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| Mortgage Company Name |
CERTIFIED FUNDING, L.P. |
| Address | 17304 PRESTON ROAD, SUITE 620
DALLAS, TX 75252 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,203 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $161,614,000 |
| Average Mortgage Loan Amount Applied For | $37,111 |
| Highest Mortgage Loan Amount Applied For | $417,000 |
| Average Applicant Income | $99,539 |
| Highest Applicant Income | $1,501,000 |
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| Home Improvement |
392 | $22,684,000 |
$57,000 | $150,000 |
$131,000 | $632,000 |
| Home Purchase |
3,449 | $126,427,000 |
$36,000 | $417,000 |
$100,000 | $1,501,000 |
| Refinancing |
501 | $18,144,000 |
$36,000 | $250,000 |
$113,000 | $841,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
8 | $338,000 |
$42,000 | $97,000 |
$98,000 | $140,000 |
| Black or African American |
9 | $457,000 |
$50,000 | $87,000 |
$112,000 | $176,000 |
| Hispanic |
440 | $14,957,000 |
$33,000 | $200,000 |
$84,000 | $391,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $54,000 |
$54,000 | $54,000 |
$84,000 | $84,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3,777 | $147,378,000 |
$39,000 | $417,000 |
$107,000 | $1,501,000 |
| White |
107 | $4,071,000 |
$38,000 | $200,000 |
$107,000 | $338,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,342 | $167,255,000 |
$38,000 | $417,000 |
$105,000 | $1,501,000 |
| 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 |
179 | $8,026,000 |
$44,000 | $150,000 |
$125,000 | $632,000 |
| Application Denied By Financial Institution |
270 | $11,272,000 |
$41,000 | $250,000 |
$112,000 | $841,000 |
| Application Withdrawn By Applicant |
283 | $14,196,000 |
$50,000 | $417,000 |
$115,000 | $1,260,000 |
| File Closed For Incompleteness |
2 | $131,000 |
$65,000 | $115,000 |
$146,000 | $240,000 |
| Loan Originated |
2,054 | $73,760,000 |
$35,000 | $169,000 |
$102,000 | $651,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
511 | $19,869,000 |
$38,000 | $202,000 |
$109,000 | $1,501,000 |
| Preapproval Denied by Financial Institution |
1,043 | $40,001,000 |
$38,000 | $360,000 |
$99,000 | $1,390,000 |
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| Collateral |
1 | $14,000 |
$14,000 | $14,000 |
$105,000 | $105,000 |
| Credit Application Incomplete |
1 | $36,000 |
$36,000 | $36,000 |
$98,000 | $98,000 |
| Credit History |
4 | $144,000 |
$36,000 | $54,000 |
$77,000 | $113,000 |
| Debt-To-Income Ratio |
4 | $311,000 |
$77,000 | $107,000 |
$78,000 | $110,000 |
| 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 | $60,000 |
$60,000 | $60,000 |
$69,000 | $69,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for CERTIFIED FUNDING, L.P. by:
Metropolitan Area And
County
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