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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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DIRECT MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
DIRECT MORTGAGE CORP |
| Address | 6955 SOUTH UNION PARK CENTER, #540
MIDVALE, UT 84047 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,697 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $722,974,000 |
| Average Mortgage Loan Amount Applied For | $207,919 |
| Highest Mortgage Loan Amount Applied For | $5,600,000 |
| Average Applicant Income | $102,777 |
| Highest Applicant Income | $2,400,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2,140 | $361,491,000 |
$168,000 | $3,575,000 |
$112,000 | $1,924,000 |
| Refinancing |
2,222 | $478,176,000 |
$215,000 | $5,600,000 |
$102,000 | $2,772,000 |
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| American Indian or Alaskan Native |
14 | $2,886,000 |
$206,000 | $608,000 |
$99,000 | $192,000 |
| Asian |
171 | $44,854,000 |
$262,000 | $1,163,000 |
$158,000 | $1,924,000 |
| Black or African American |
120 | $22,843,000 |
$190,000 | $1,000,000 |
$103,000 | $396,000 |
| Hispanic |
441 | $91,108,000 |
$206,000 | $960,000 |
$87,000 | $600,000 |
| Native Hawaiin or Other Pacific Islander |
34 | $8,929,000 |
$262,000 | $635,000 |
$164,000 | $480,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
483 | $93,212,000 |
$192,000 | $5,600,000 |
$116,000 | $2,400,000 |
| White |
3,099 | $575,835,000 |
$185,000 | $4,000,000 |
$105,000 | $2,772,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,452 | $715,830,000 |
$207,000 | $5,600,000 |
$120,000 | $2,772,000 |
| FHA-insured (Federal Housing Administration) |
892 | $120,961,000 |
$135,000 | $2,000,000 |
$58,000 | $843,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
18 | $2,876,000 |
$159,000 | $277,000 |
$30,000 | $107,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
402 | $88,958,000 |
$221,000 | $3,575,000 |
$123,000 | $1,200,000 |
| Application Withdrawn By Applicant |
1,365 | $297,391,000 |
$217,000 | $5,600,000 |
$116,000 | $2,400,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,595 | $453,318,000 |
$174,000 | $1,163,000 |
$100,000 | $2,772,000 |
| 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 |
402 | $88,958,000 |
$221,000 | $3,575,000 |
$123,000 | $1,200,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for DIRECT MORTGAGE CORP by:
Metropolitan Area And
County
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