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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 MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST MORTGAGE CORPORATION |
| Address | 3230 FALLOW FIELD DRIVE
DIAMOND BAR, CA 91765 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,178 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $793,951,000 |
| Average Mortgage Loan Amount Applied For | $224,684 |
| Highest Mortgage Loan Amount Applied For | $2,800,000 |
| Average Applicant Income | $43,578 |
| Highest Applicant Income | $1,060,000 |
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| Home Improvement |
687 | $40,164,000 |
$58,000 | $540,000 |
$29,000 | $276,000 |
| Home Purchase |
1,030 | $311,747,000 |
$302,000 | $1,500,000 |
$45,000 | $1,060,000 |
| Refinancing |
1,493 | $452,035,000 |
$302,000 | $2,800,000 |
$41,000 | $816,000 |
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| American Indian or Alaskan Native |
13 | $2,331,000 |
$179,000 | $376,000 |
$29,000 | $73,000 |
| Asian |
475 | $128,468,000 |
$270,000 | $1,500,000 |
$12,000 | $1,060,000 |
| Black or African American |
158 | $43,031,000 |
$272,000 | $712,000 |
$31,000 | $300,000 |
| Hispanic |
1,090 | $257,639,000 |
$236,000 | $1,230,000 |
$37,000 | $308,000 |
| Native Hawaiin or Other Pacific Islander |
37 | $10,660,000 |
$288,000 | $636,000 |
$22,000 | $140,000 |
| Not applicable |
1 | $121,000 |
$121,000 | $121,000 |
$35,000 | $35,000 |
| Not Provided |
520 | $138,644,000 |
$266,000 | $2,800,000 |
$47,000 | $630,000 |
| White |
916 | $223,052,000 |
$243,000 | $1,500,000 |
$56,000 | $816,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,985 | $753,165,000 |
$252,000 | $2,800,000 |
$39,000 | $1,060,000 |
| FHA-insured (Federal Housing Administration) |
220 | $49,872,000 |
$226,000 | $511,000 |
$54,000 | $234,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
5 | $909,000 |
$181,000 | $247,000 |
$29,000 | $64,000 |
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| Application Approved But Not Accepted |
1 | $100,000 |
$100,000 | $100,000 |
$0 | $0 |
| Application Denied By Financial Institution |
216 | $60,351,000 |
$279,000 | $1,500,000 |
$14,000 | $300,000 |
| Application Withdrawn By Applicant |
1,422 | $391,311,000 |
$275,000 | $2,800,000 |
$37,000 | $1,060,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,571 | $352,184,000 |
$224,000 | $1,330,000 |
$46,000 | $816,000 |
| 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 |
8 | $1,637,000 |
$204,000 | $368,000 |
$19,000 | $153,000 |
| Credit Application Incomplete |
5 | $1,504,000 |
$300,000 | $639,000 |
$0 | $0 |
| Credit History |
31 | $9,952,000 |
$321,000 | $968,000 |
$1,000 | $61,000 |
| Debt-To-Income Ratio |
17 | $5,139,000 |
$302,000 | $1,500,000 |
$8,000 | $65,000 |
| Employment History |
9 | $2,060,000 |
$228,000 | $380,000 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
13 | $3,691,000 |
$283,000 | $750,000 |
$0 | $0 |
| Mortgage Insurance Denied |
1 | $432,000 |
$432,000 | $432,000 |
$0 | $0 |
| Other |
35 | $10,664,000 |
$304,000 | $980,000 |
$43,000 | $300,000 |
| Unverifiable Information |
4 | $1,127,000 |
$281,000 | $600,000 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST MORTGAGE CORPORATION by:
Metropolitan Area And
County
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