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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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EXPRESS CAPITAL LENDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
EXPRESS CAPITAL LENDING |
| Address | 4000 WESTERLY PLACE
NEWPORT BEACH, CA 92660 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 11,092 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,236,881,000 |
| Average Mortgage Loan Amount Applied For | $259,507 |
| Highest Mortgage Loan Amount Applied For | $2,075,000 |
| Average Applicant Income | $152,259 |
| Highest Applicant Income | $2,160,000 |
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| Home Improvement |
1,114 | $362,026,000 |
$324,000 | $2,000,000 |
$144,000 | $1,690,000 |
| Home Purchase |
4,121 | $1,086,193,000 |
$263,000 | $2,000,000 |
$174,000 | $1,870,000 |
| Refinancing |
5,857 | $1,788,662,000 |
$305,000 | $2,075,000 |
$154,000 | $2,160,000 |
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| American Indian or Alaskan Native |
42 | $13,572,000 |
$323,000 | $825,000 |
$146,000 | $379,000 |
| Asian |
908 | $288,758,000 |
$318,000 | $1,663,000 |
$172,000 | $1,690,000 |
| Black or African American |
1,458 | $376,584,000 |
$258,000 | $2,000,000 |
$143,000 | $1,910,000 |
| Hispanic |
3,601 | $938,733,000 |
$260,000 | $2,000,000 |
$135,000 | $1,870,000 |
| Native Hawaiin or Other Pacific Islander |
197 | $59,073,000 |
$299,000 | $1,050,000 |
$147,000 | $658,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,505 | $473,612,000 |
$314,000 | $1,815,000 |
$162,000 | $1,500,000 |
| White |
3,381 | $1,086,549,000 |
$321,000 | $2,075,000 |
$192,000 | $2,160,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
11,092 | $3,236,881,000 |
$291,000 | $2,075,000 |
$160,000 | $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 |
1,403 | $408,763,000 |
$291,000 | $1,950,000 |
$150,000 | $984,000 |
| Application Denied By Financial Institution |
3,988 | $1,182,590,000 |
$296,000 | $2,075,000 |
$168,000 | $1,714,000 |
| Application Withdrawn By Applicant |
855 | $250,032,000 |
$292,000 | $2,000,000 |
$184,000 | $1,870,000 |
| File Closed For Incompleteness |
1,089 | $300,147,000 |
$275,000 | $2,000,000 |
$162,000 | $1,246,000 |
| Loan Originated |
3,757 | $1,095,349,000 |
$291,000 | $2,000,000 |
$150,000 | $2,160,000 |
| 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 |
513 | $156,287,000 |
$304,000 | $1,750,000 |
$186,000 | $1,420,000 |
| Credit Application Incomplete |
145 | $47,197,000 |
$325,000 | $1,750,000 |
$176,000 | $492,000 |
| Credit History |
1,348 | $380,510,000 |
$282,000 | $2,000,000 |
$149,000 | $1,714,000 |
| Debt-To-Income Ratio |
466 | $154,949,000 |
$332,000 | $2,000,000 |
$173,000 | $1,130,000 |
| Employment History |
145 | $43,809,000 |
$302,000 | $1,645,000 |
$188,000 | $1,080,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
52 | $13,163,000 |
$253,000 | $953,000 |
$142,000 | $420,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
881 | $257,073,000 |
$291,000 | $2,075,000 |
$179,000 | $1,700,000 |
| Unverifiable Information |
438 | $129,602,000 |
$295,000 | $2,000,000 |
$167,000 | $1,140,000 |
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Mortgage Loan App Totals for EXPRESS CAPITAL LENDING by:
Metropolitan Area And
County
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