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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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ENCORE CREDIT CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
ENCORE CREDIT CORP |
| Address | 1833 ALTON PARKWAY
IRVINE, CA 92606 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 76,653 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $18,269,145,000 |
| Average Mortgage Loan Amount Applied For | $150,705 |
| Highest Mortgage Loan Amount Applied For | $2,750,000 |
| Average Applicant Income | $68,957 |
| Highest Applicant Income | $2,160,000 |
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| Home Improvement |
81 | $17,332,000 |
$213,000 | $600,000 |
$66,000 | $180,000 |
| Home Purchase |
20,215 | $4,177,494,000 |
$206,000 | $1,688,000 |
$104,000 | $2,160,000 |
| Refinancing |
56,357 | $14,074,319,000 |
$249,000 | $2,750,000 |
$83,000 | $2,077,000 |
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| American Indian or Alaskan Native |
221 | $56,470,000 |
$255,000 | $880,000 |
$96,000 | $628,000 |
| Asian |
1,763 | $543,866,000 |
$308,000 | $1,300,000 |
$128,000 | $1,813,000 |
| Black or African American |
14,593 | $2,966,621,000 |
$203,000 | $1,332,000 |
$78,000 | $1,800,000 |
| Hispanic |
19,233 | $5,131,120,000 |
$266,000 | $2,750,000 |
$92,000 | $1,547,000 |
| Native Hawaiin or Other Pacific Islander |
411 | $129,430,000 |
$314,000 | $1,100,000 |
$120,000 | $963,000 |
| Not applicable |
8 | $1,393,000 |
$174,000 | $288,000 |
$59,000 | $101,000 |
| Not Provided |
10,542 | $2,479,833,000 |
$235,000 | $1,670,000 |
$84,000 | $1,548,000 |
| White |
29,882 | $6,960,412,000 |
$232,000 | $1,800,000 |
$91,000 | $2,160,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
76,653 | $18,269,145,000 |
$238,000 | $2,750,000 |
$89,000 | $2,160,000 |
| 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 |
3,841 | $970,407,000 |
$252,000 | $1,760,000 |
$95,000 | $1,138,000 |
| Application Denied By Financial Institution |
7,227 | $1,484,558,000 |
$205,000 | $1,500,000 |
$80,000 | $1,813,000 |
| Application Withdrawn By Applicant |
39,455 | $9,756,513,000 |
$247,000 | $2,750,000 |
$91,000 | $2,077,000 |
| File Closed For Incompleteness |
16 | $2,861,000 |
$178,000 | $344,000 |
$105,000 | $708,000 |
| Loan Originated |
24,443 | $5,679,114,000 |
$232,000 | $1,500,000 |
$88,000 | $2,160,000 |
| Loan Purchased By The Institution |
1,671 | $375,692,000 |
$224,000 | $938,000 |
$74,000 | $1,990,000 |
| 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 |
136 | $29,505,000 |
$216,000 | $780,000 |
$89,000 | $470,000 |
| Credit Application Incomplete |
11 | $2,023,000 |
$183,000 | $300,000 |
$100,000 | $602,000 |
| Credit History |
496 | $93,759,000 |
$189,000 | $800,000 |
$65,000 | $560,000 |
| Debt-To-Income Ratio |
266 | $57,725,000 |
$217,000 | $1,500,000 |
$64,000 | $300,000 |
| Employment History |
44 | $11,120,000 |
$252,000 | $650,000 |
$81,000 | $192,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $2,160,000 |
$308,000 | $461,000 |
$80,000 | $123,000 |
| Mortgage Insurance Denied |
15 | $2,286,000 |
$152,000 | $596,000 |
$63,000 | $232,000 |
| Other |
4,643 | $920,870,000 |
$198,000 | $1,112,000 |
$82,000 | $960,000 |
| Unverifiable Information |
44 | $12,228,000 |
$277,000 | $638,000 |
$100,000 | $269,000 |
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Mortgage Loan App Totals for ENCORE CREDIT CORP by:
Metropolitan Area And
County
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