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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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DISCOVERY FINANCIAL INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
DISCOVERY FINANCIAL INC. |
| Address | 10915 SE STARK STREET SUTE 100
PORTLAND, OR 97216 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 252 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $45,141,000 |
| Average Mortgage Loan Amount Applied For | $177,769 |
| Highest Mortgage Loan Amount Applied For | $820,000 |
| Average Applicant Income | $142,038 |
| Highest Applicant Income | $946,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
140 | $22,945,000 |
$163,000 | $600,000 |
$98,000 | $383,000 |
| Refinancing |
120 | $23,202,000 |
$193,000 | $820,000 |
$126,000 | $946,000 |
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| American Indian or Alaskan Native |
1 | $21,000 |
$21,000 | $21,000 |
$54,000 | $54,000 |
| Asian |
14 | $2,185,000 |
$156,000 | $338,000 |
$99,000 | $332,000 |
| Black or African American |
6 | $1,484,000 |
$247,000 | $638,000 |
$141,000 | $192,000 |
| Hispanic |
13 | $1,841,000 |
$141,000 | $265,000 |
$61,000 | $108,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
11 | $2,433,000 |
$221,000 | $417,000 |
$147,000 | $383,000 |
| White |
215 | $38,183,000 |
$177,000 | $820,000 |
$112,000 | $946,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
260 | $46,147,000 |
$177,000 | $820,000 |
$111,000 | $946,000 |
| 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 |
30 | $6,108,000 |
$203,000 | $800,000 |
$115,000 | $437,000 |
| Application Denied By Financial Institution |
35 | $4,850,000 |
$138,000 | $560,000 |
$102,000 | $240,000 |
| Application Withdrawn By Applicant |
60 | $10,456,000 |
$174,000 | $820,000 |
$123,000 | $946,000 |
| File Closed For Incompleteness |
15 | $2,060,000 |
$137,000 | $265,000 |
$244,000 | $550,000 |
| Loan Originated |
120 | $22,673,000 |
$188,000 | $468,000 |
$90,000 | $300,000 |
| 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 |
4 | $920,000 |
$230,000 | $560,000 |
$119,000 | $240,000 |
| Credit Application Incomplete |
4 | $470,000 |
$117,000 | $225,000 |
$159,000 | $240,000 |
| Credit History |
8 | $1,102,000 |
$137,000 | $290,000 |
$64,000 | $120,000 |
| Debt-To-Income Ratio |
2 | $438,000 |
$219,000 | $288,000 |
$41,000 | $50,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $313,000 |
$104,000 | $138,000 |
$66,000 | $74,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
13 | $1,342,000 |
$103,000 | $292,000 |
$124,000 | $240,000 |
| Unverifiable Information |
1 | $265,000 |
$265,000 | $265,000 |
$50,000 | $50,000 |
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Mortgage Loan App Totals for DISCOVERY FINANCIAL INC. by:
Metropolitan Area And
County
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