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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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EQUITY PLUS
Mortgage Loans and Application Details
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| Mortgage Company Name |
EQUITY PLUS |
| Address | 5333 MISSION CENTER ROAD
SAN DIEGO, CA 92109 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 613 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $139,584,000 |
| Average Mortgage Loan Amount Applied For | $202,319 |
| Highest Mortgage Loan Amount Applied For | $1,365,000 |
| Average Applicant Income | $87,958 |
| Highest Applicant Income | $672,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
207 | $61,684,000 |
$297,000 | $25,000,000 |
$97,000 | $300,000 |
| Refinancing |
489 | $113,044,000 |
$231,000 | $1,365,000 |
$89,000 | $672,000 |
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| American Indian or Alaskan Native |
3 | $474,000 |
$158,000 | $220,000 |
$51,000 | $72,000 |
| Asian |
28 | $9,040,000 |
$322,000 | $791,000 |
$130,000 | $327,000 |
| Black or African American |
50 | $8,761,000 |
$175,000 | $504,000 |
$67,000 | $162,000 |
| Hispanic |
134 | $30,292,000 |
$226,000 | $650,000 |
$97,000 | $237,000 |
| Native Hawaiin or Other Pacific Islander |
12 | $3,029,000 |
$252,000 | $1,000,000 |
$118,000 | $300,000 |
| Not applicable |
18 | $4,193,000 |
$232,000 | $640,000 |
$133,000 | $216,000 |
| Not Provided |
120 | $54,913,000 |
$457,000 | $25,000,000 |
$100,000 | $672,000 |
| White |
331 | $64,026,000 |
$193,000 | $788,000 |
$83,000 | $291,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
696 | $174,728,000 |
$251,000 | $25,000,000 |
$91,000 | $672,000 |
| 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 |
215 | $49,057,000 |
$228,000 | $1,000,000 |
$98,000 | $672,000 |
| Application Denied By Financial Institution |
116 | $24,252,000 |
$209,000 | $780,000 |
$98,000 | $327,000 |
| Application Withdrawn By Applicant |
109 | $44,141,000 |
$404,000 | $25,000,000 |
$81,000 | $190,000 |
| File Closed For Incompleteness |
16 | $3,497,000 |
$218,000 | $624,000 |
$77,000 | $144,000 |
| Loan Originated |
237 | $52,793,000 |
$222,000 | $1,365,000 |
$86,000 | $378,000 |
| Loan Purchased By The Institution |
3 | $988,000 |
$329,000 | $568,000 |
$107,000 | $178,000 |
| 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 |
14 | $3,032,000 |
$216,000 | $436,000 |
$99,000 | $156,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
39 | $8,598,000 |
$220,000 | $780,000 |
$93,000 | $327,000 |
| Debt-To-Income Ratio |
5 | $1,089,000 |
$217,000 | $420,000 |
$74,000 | $123,000 |
| Employment History |
6 | $1,222,000 |
$203,000 | $560,000 |
$123,000 | $198,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $494,000 |
$164,000 | $404,000 |
$70,000 | $144,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
26 | $5,377,000 |
$206,000 | $640,000 |
$108,000 | $291,000 |
| Unverifiable Information |
11 | $2,574,000 |
$234,000 | $596,000 |
$113,000 | $166,000 |
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Mortgage Loan App Totals for EQUITY PLUS by:
Metropolitan Area And
County
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