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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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CHALLENGE FINANCIAL INVESTORS
Mortgage Loans and Application Details
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| Mortgage Company Name |
CHALLENGE FINANCIAL INVESTORS |
| Address | 360 CENTRAL AVENUE SUITE #600
SAINT PETERSBURG, FL 33701 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,369 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $748,184,000 |
| Average Mortgage Loan Amount Applied For | $165,300 |
| Highest Mortgage Loan Amount Applied For | $3,015,000 |
| Average Applicant Income | $80,073 |
| Highest Applicant Income | $2,000,000 |
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| Home Improvement |
1 | $75,000 |
$75,000 | $75,000 |
$36,000 | $36,000 |
| Home Purchase |
2,023 | $305,071,000 |
$150,000 | $1,365,000 |
$85,000 | $1,141,000 |
| Refinancing |
2,346 | $443,144,000 |
$188,000 | $3,015,000 |
$84,000 | $2,000,000 |
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| American Indian or Alaskan Native |
10 | $2,377,000 |
$237,000 | $623,000 |
$95,000 | $347,000 |
| Asian |
65 | $12,868,000 |
$197,000 | $1,000,000 |
$80,000 | $321,000 |
| Black or African American |
1,466 | $223,381,000 |
$152,000 | $1,000,000 |
$79,000 | $1,902,000 |
| Hispanic |
327 | $60,788,000 |
$185,000 | $919,000 |
$81,000 | $450,000 |
| Native Hawaiin or Other Pacific Islander |
19 | $4,128,000 |
$217,000 | $485,000 |
$85,000 | $195,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
762 | $135,076,000 |
$177,000 | $1,330,000 |
$79,000 | $1,128,000 |
| White |
1,721 | $309,672,000 |
$179,000 | $3,015,000 |
$93,000 | $2,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,310 | $737,399,000 |
$171,000 | $3,015,000 |
$85,000 | $2,000,000 |
| FHA-insured (Federal Housing Administration) |
2 | $408,000 |
$204,000 | $223,000 |
$72,000 | $75,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $249,000 |
$124,000 | $199,000 |
$72,000 | $72,000 |
| VA-guaranteed (Veterans Administration) |
56 | $10,234,000 |
$182,000 | $386,000 |
$67,000 | $182,000 |
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| Application Approved But Not Accepted |
35 | $6,534,000 |
$186,000 | $919,000 |
$91,000 | $300,000 |
| Application Denied By Financial Institution |
34 | $7,868,000 |
$231,000 | $2,500,000 |
$100,000 | $960,000 |
| Application Withdrawn By Applicant |
182 | $30,324,000 |
$166,000 | $630,000 |
$94,000 | $900,000 |
| File Closed For Incompleteness |
1,648 | $305,916,000 |
$185,000 | $3,015,000 |
$88,000 | $2,000,000 |
| Loan Originated |
2,471 | $397,648,000 |
$160,000 | $1,343,000 |
$81,000 | $1,938,000 |
| 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 |
1 | $188,000 |
$188,000 | $188,000 |
$165,000 | $165,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $1,213,000 |
$303,000 | $900,000 |
$167,000 | $282,000 |
| Debt-To-Income Ratio |
8 | $822,000 |
$102,000 | $183,000 |
$58,000 | $88,000 |
| 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 |
5 | $580,000 |
$116,000 | $243,000 |
$57,000 | $118,000 |
| Unverifiable Information |
1 | $61,000 |
$61,000 | $61,000 |
$69,000 | $69,000 |
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Mortgage Loan App Totals for CHALLENGE FINANCIAL INVESTORS by:
Metropolitan Area And
County
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