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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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FIRST CONTINENTAL MORTGAGE CO
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST CONTINENTAL MORTGAGE CO |
| Address | 2929 BRIARPARK, SUITE 125
HOUSTON, TX 77042 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,283 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $948,917,000 |
| Average Mortgage Loan Amount Applied For | $196,530 |
| Highest Mortgage Loan Amount Applied For | $1,300,000 |
| Average Applicant Income | $112,106 |
| Highest Applicant Income | $1,288,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
5,012 | $883,774,000 |
$176,000 | $1,300,000 |
$93,000 | $952,000 |
| Refinancing |
271 | $65,143,000 |
$240,000 | $1,151,000 |
$96,000 | $1,288,000 |
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| American Indian or Alaskan Native |
12 | $1,800,000 |
$150,000 | $250,000 |
$69,000 | $120,000 |
| Asian |
473 | $87,581,000 |
$185,000 | $520,000 |
$97,000 | $816,000 |
| Black or African American |
468 | $75,575,000 |
$161,000 | $532,000 |
$71,000 | $240,000 |
| Hispanic |
725 | $116,494,000 |
$160,000 | $661,000 |
$75,000 | $504,000 |
| Native Hawaiin or Other Pacific Islander |
19 | $3,526,000 |
$185,000 | $417,000 |
$122,000 | $367,000 |
| Not applicable |
1 | $120,000 |
$120,000 | $120,000 |
$98,000 | $98,000 |
| Not Provided |
891 | $160,161,000 |
$179,000 | $876,000 |
$98,000 | $952,000 |
| White |
2,694 | $503,660,000 |
$186,000 | $1,300,000 |
$99,000 | $1,288,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,477 | $802,386,000 |
$179,000 | $1,300,000 |
$96,000 | $1,288,000 |
| FHA-insured (Federal Housing Administration) |
479 | $75,977,000 |
$158,000 | $320,000 |
$67,000 | $268,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
327 | $70,554,000 |
$215,000 | $417,000 |
$82,000 | $256,000 |
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| Application Approved But Not Accepted |
395 | $71,798,000 |
$181,000 | $876,000 |
$96,000 | $720,000 |
| Application Denied By Financial Institution |
149 | $26,643,000 |
$178,000 | $635,000 |
$58,000 | $217,000 |
| Application Withdrawn By Applicant |
1,055 | $181,423,000 |
$171,000 | $1,300,000 |
$90,000 | $905,000 |
| File Closed For Incompleteness |
14 | $1,575,000 |
$112,000 | $226,000 |
$88,000 | $204,000 |
| Loan Originated |
3,670 | $667,478,000 |
$181,000 | $1,151,000 |
$95,000 | $1,288,000 |
| 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 |
3 | $549,000 |
$183,000 | $325,000 |
$77,000 | $97,000 |
| Credit Application Incomplete |
23 | $5,027,000 |
$218,000 | $536,000 |
$76,000 | $217,000 |
| Credit History |
69 | $12,092,000 |
$175,000 | $551,000 |
$51,000 | $147,000 |
| Debt-To-Income Ratio |
16 | $2,130,000 |
$133,000 | $270,000 |
$59,000 | $111,000 |
| Employment History |
8 | $2,083,000 |
$260,000 | $635,000 |
$31,000 | $83,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
8 | $1,703,000 |
$212,000 | $380,000 |
$81,000 | $160,000 |
| Mortgage Insurance Denied |
1 | $50,000 |
$50,000 | $50,000 |
$0 | $0 |
| Other |
13 | $2,050,000 |
$157,000 | $384,000 |
$71,000 | $180,000 |
| Unverifiable Information |
6 | $679,000 |
$113,000 | $158,000 |
$24,000 | $60,000 |
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Mortgage Loan App Totals for FIRST CONTINENTAL MORTGAGE CO by:
Metropolitan Area And
County
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