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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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FINANCE AMERICA, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
FINANCE AMERICA, LLC |
| Address | 16802 ASTON ST.
IRVINE, CA 92606 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 119,803 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,737,258,000 |
| Average Mortgage Loan Amount Applied For | $119,281 |
| Highest Mortgage Loan Amount Applied For | $5,800,000 |
| Average Applicant Income | $65,201 |
| Highest Applicant Income | $9,600,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
47,705 | $7,804,729,000 |
$135,180 | $2,821,000 |
$73,140 | $9,600,000 |
| Refinancing |
72,111 | $12,934,290,000 |
$159,352 | $5,800,000 |
$74,960 | $8,015,000 |
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| American Indian or Alaskan Native |
497 | $90,644,000 |
$161,243 | $980,000 |
$72,864 | $2,628,000 |
| Asian |
4,417 | $1,232,669,000 |
$180,000 | $1,100,000 |
$83,317 | $5,406,000 |
| Black or African American |
18,358 | $2,623,413,000 |
$135,622 | $3,500,000 |
$64,666 | $4,200,000 |
| Hispanic |
17,994 | $3,280,741,000 |
$144,340 | $4,000,000 |
$68,574 | $4,656,000 |
| Native Hawaiin or Other Pacific Islander |
854 | $210,711,000 |
$164,187 | $750,000 |
$71,562 | $737,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
38,436 | $6,500,355,000 |
$152,980 | $5,800,000 |
$77,100 | $9,600,000 |
| White |
39,260 | $6,800,486,000 |
$154,620 | $4,000,000 |
$77,360 | $9,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
119,816 | $20,739,019,000 |
$147,176 | $5,800,000 |
$74,333 | $9,600,000 |
| 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 |
1,221 | $270,980,000 |
$144,500 | $750,000 |
$70,636 | $4,570,000 |
| Application Denied By Financial Institution |
72,529 | $11,892,264,000 |
$148,803 | $5,800,000 |
$73,450 | $9,600,000 |
| Application Withdrawn By Applicant |
1,393 | $293,798,000 |
$153,534 | $1,400,000 |
$74,465 | $8,015,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
44,583 | $8,271,900,000 |
$146,183 | $1,154,000 |
$74,306 | $5,406,000 |
| Loan Purchased By The Institution |
90 | $10,077,000 |
$116,187 | $429,000 |
$60,500 | $195,000 |
| 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 |
127 | $19,351,000 |
$172,678 | $745,000 |
$66,535 | $396,000 |
| Credit Application Incomplete |
757 | $109,839,000 |
$141,214 | $820,000 |
$40,821 | $600,000 |
| Credit History |
144 | $19,361,000 |
$127,370 | $624,000 |
$49,962 | $240,000 |
| Debt-To-Income Ratio |
24 | $3,598,000 |
$164,250 | $500,000 |
$63,437 | $240,000 |
| Employment History |
15 | $1,297,000 |
$85,700 | $192,000 |
$23,300 | $53,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
9 | $980,000 |
$121,500 | $280,000 |
$41,000 | $89,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
443 | $69,318,000 |
$133,789 | $980,000 |
$58,500 | $974,000 |
| Unverifiable Information |
17 | $3,102,000 |
$219,000 | $509,000 |
$110,750 | $405,000 |
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Mortgage Loan App Totals for FINANCE AMERICA, LLC by:
Metropolitan Area And
County
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