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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 SERVICES, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
EQUITY SERVICES, INC. |
| Address | 5711 SIX FORKS RD
RALEIGH, NC 27609 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,947 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $536,405,000 |
| Average Mortgage Loan Amount Applied For | $198,319 |
| Highest Mortgage Loan Amount Applied For | $2,526,000 |
| Average Applicant Income | $111,573 |
| Highest Applicant Income | $1,300,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,836 | $313,975,000 |
$171,000 | $1,500,000 |
$103,000 | $1,300,000 |
| Refinancing |
1,111 | $222,430,000 |
$200,000 | $2,526,000 |
$118,000 | $1,112,000 |
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| American Indian or Alaskan Native |
6 | $1,260,000 |
$210,000 | $400,000 |
$155,000 | $229,000 |
| Asian |
189 | $35,580,000 |
$188,000 | $1,348,000 |
$93,000 | $523,000 |
| Black or African American |
83 | $12,365,000 |
$148,000 | $762,000 |
$80,000 | $360,000 |
| Hispanic |
45 | $9,341,000 |
$207,000 | $639,000 |
$127,000 | $456,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $244,000 |
$122,000 | $144,000 |
$28,000 | $36,000 |
| Not applicable |
134 | $21,715,000 |
$162,000 | $1,500,000 |
$92,000 | $1,068,000 |
| Not Provided |
42 | $8,166,000 |
$194,000 | $807,000 |
$74,000 | $276,000 |
| White |
2,446 | $447,734,000 |
$183,000 | $2,526,000 |
$112,000 | $1,300,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,937 | $534,660,000 |
$182,000 | $2,526,000 |
$109,000 | $1,300,000 |
| FHA-insured (Federal Housing Administration) |
6 | $820,000 |
$136,000 | $173,000 |
$58,000 | $76,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $925,000 |
$231,000 | $374,000 |
$73,000 | $101,000 |
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| Application Approved But Not Accepted |
2 | $207,000 |
$103,000 | $157,000 |
$57,000 | $103,000 |
| Application Denied By Financial Institution |
1 | $178,000 |
$178,000 | $178,000 |
$112,000 | $112,000 |
| Application Withdrawn By Applicant |
54 | $8,994,000 |
$166,000 | $415,000 |
$48,000 | $217,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,889 | $526,816,000 |
$182,000 | $2,526,000 |
$110,000 | $1,300,000 |
| Loan Purchased By The Institution |
1 | $210,000 |
$210,000 | $210,000 |
$76,000 | $76,000 |
| 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 |
1 | $178,000 |
$178,000 | $178,000 |
$112,000 | $112,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 EQUITY SERVICES, INC. by:
Metropolitan Area And
County
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