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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 RATE MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST RATE MORTGAGE |
| Address | 10400 LINN STATION RD
LOUISVILLE, KY 40223 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 402 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $43,230,000 |
| Average Mortgage Loan Amount Applied For | $98,184 |
| Highest Mortgage Loan Amount Applied For | $572,000 |
| Average Applicant Income | $51,130 |
| Highest Applicant Income | $602,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,015 | $104,518,000 |
$102,000 | $450,000 |
$41,000 | $660,000 |
| Refinancing |
370 | $39,447,000 |
$106,000 | $572,000 |
$48,000 | $600,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
15 | $1,552,000 |
$103,000 | $295,000 |
$52,000 | $288,000 |
| Hispanic |
14 | $1,500,000 |
$107,000 | $210,000 |
$52,000 | $156,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,162 | $122,912,000 |
$105,000 | $572,000 |
$42,000 | $602,000 |
| White |
194 | $18,001,000 |
$92,000 | $215,000 |
$42,000 | $660,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,254 | $130,346,000 |
$103,000 | $572,000 |
$42,000 | $602,000 |
| FHA-insured (Federal Housing Administration) |
106 | $10,946,000 |
$103,000 | $230,000 |
$44,000 | $660,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
6 | $387,000 |
$64,000 | $102,000 |
$35,000 | $48,000 |
| VA-guaranteed (Veterans Administration) |
19 | $2,286,000 |
$120,000 | $227,000 |
$44,000 | $72,000 |
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| Application Approved But Not Accepted |
3 | $323,000 |
$107,000 | $130,000 |
$39,000 | $48,000 |
| Application Denied By Financial Institution |
785 | $81,635,000 |
$103,000 | $572,000 |
$40,000 | $660,000 |
| Application Withdrawn By Applicant |
596 | $61,921,000 |
$103,000 | $450,000 |
$46,000 | $602,000 |
| File Closed For Incompleteness |
1 | $86,000 |
$86,000 | $86,000 |
$23,000 | $23,000 |
| Loan Originated |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
13 | $1,339,000 |
$103,000 | $245,000 |
$86,000 | $600,000 |
| Credit Application Incomplete |
5 | $591,000 |
$118,000 | $272,000 |
$38,000 | $93,000 |
| Credit History |
637 | $64,768,000 |
$101,000 | $354,000 |
$39,000 | $660,000 |
| Debt-To-Income Ratio |
29 | $3,115,000 |
$107,000 | $206,000 |
$33,000 | $84,000 |
| Employment History |
27 | $2,898,000 |
$107,000 | $330,000 |
$35,000 | $76,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
10 | $1,141,000 |
$114,000 | $208,000 |
$43,000 | $70,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
50 | $6,418,000 |
$128,000 | $572,000 |
$47,000 | $133,000 |
| Unverifiable Information |
11 | $1,037,000 |
$94,000 | $144,000 |
$50,000 | $132,000 |
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Mortgage Loan App Totals for FIRST RATE MORTGAGE by:
Metropolitan Area And
County
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