|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
COMUNITY LENDING INCORPORATED
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
COMUNITY LENDING INCORPORATED |
| Address | 610 JARVIS DRIVE SUITE 200
MORGAN HILL, CA 95037 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 19,201 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,509,738,000 |
| Average Mortgage Loan Amount Applied For | $154,938 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $63,765 |
| Highest Applicant Income | $1,693,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
10,125 | $1,921,856,000 |
$189,000 | $2,100,000 |
$70,000 | $1,556,000 |
| Refinancing |
11,157 | $2,949,950,000 |
$264,000 | $3,000,000 |
$76,000 | $1,693,000 |
|
|
| American Indian or Alaskan Native |
78 | $18,873,000 |
$241,000 | $1,000,000 |
$88,000 | $420,000 |
| Asian |
1,470 | $423,144,000 |
$287,000 | $1,800,000 |
$83,000 | $1,556,000 |
| Black or African American |
1,758 | $323,883,000 |
$184,000 | $1,425,000 |
$59,000 | $871,000 |
| Hispanic |
4,279 | $1,041,280,000 |
$243,000 | $1,212,000 |
$59,000 | $1,470,000 |
| Native Hawaiin or Other Pacific Islander |
205 | $57,973,000 |
$282,000 | $1,000,000 |
$66,000 | $822,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,230 | $553,861,000 |
$248,000 | $2,100,000 |
$61,000 | $972,000 |
| White |
11,262 | $2,452,792,000 |
$217,000 | $3,000,000 |
$81,000 | $1,693,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
19,615 | $4,662,267,000 |
$237,000 | $3,000,000 |
$76,000 | $1,693,000 |
| FHA-insured (Federal Housing Administration) |
1,525 | $184,649,000 |
$121,000 | $970,000 |
$34,000 | $169,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
29 | $4,379,000 |
$151,000 | $249,000 |
$47,000 | $71,000 |
| VA-guaranteed (Veterans Administration) |
113 | $20,511,000 |
$181,000 | $403,000 |
$52,000 | $120,000 |
|
|
| Application Approved But Not Accepted |
1,750 | $472,489,000 |
$269,000 | $1,920,000 |
$77,000 | $774,000 |
| Application Denied By Financial Institution |
5,559 | $1,195,683,000 |
$215,000 | $3,000,000 |
$73,000 | $1,556,000 |
| Application Withdrawn By Applicant |
4,472 | $1,074,430,000 |
$240,000 | $2,203,000 |
$64,000 | $1,470,000 |
| File Closed For Incompleteness |
275 | $52,460,000 |
$190,000 | $550,000 |
$51,000 | $277,000 |
| Loan Originated |
9,226 | $2,076,744,000 |
$225,000 | $2,100,000 |
$77,000 | $1,693,000 |
| 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 |
|
|
| Collateral |
409 | $91,366,000 |
$223,000 | $3,000,000 |
$79,000 | $1,140,000 |
| Credit Application Incomplete |
154 | $27,766,000 |
$180,000 | $960,000 |
$81,000 | $840,000 |
| Credit History |
1,656 | $310,474,000 |
$187,000 | $1,800,000 |
$55,000 | $906,000 |
| Debt-To-Income Ratio |
405 | $77,778,000 |
$192,000 | $985,000 |
$60,000 | $469,000 |
| Employment History |
162 | $35,684,000 |
$220,000 | $1,336,000 |
$78,000 | $432,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
179 | $41,033,000 |
$229,000 | $1,446,000 |
$63,000 | $774,000 |
| Mortgage Insurance Denied |
3 | $542,000 |
$180,000 | $323,000 |
$18,000 | $56,000 |
| Other |
2,328 | $550,815,000 |
$236,000 | $2,802,000 |
$87,000 | $1,556,000 |
| Unverifiable Information |
258 | $59,563,000 |
$230,000 | $1,190,000 |
$77,000 | $547,000 |
|
Mortgage Loan App Totals for COMUNITY LENDING INCORPORATED by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
