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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 SECURITY MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST SECURITY MORTGAGE, INC. |
| Address | NO 97 DE DIEGO AVE. SAN FRANCISCO
SA JUAN, PR 00927 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 395 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $50,062,000 |
| Average Mortgage Loan Amount Applied For | $117,811 |
| Highest Mortgage Loan Amount Applied For | $685,000 |
| Average Applicant Income | $57,754 |
| Highest Applicant Income | $406,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
269 | $33,038,000 |
$122,000 | $515,000 |
$50,000 | $254,000 |
| Refinancing |
126 | $17,024,000 |
$135,000 | $685,000 |
$63,000 | $406,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $95,000 |
$95,000 | $95,000 |
$30,000 | $30,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
346 | $44,162,000 |
$127,000 | $515,000 |
$55,000 | $406,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
43 | $4,551,000 |
$105,000 | $200,000 |
$37,000 | $232,000 |
| White |
5 | $1,254,000 |
$250,000 | $685,000 |
$100,000 | $140,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
288 | $36,538,000 |
$126,000 | $685,000 |
$58,000 | $406,000 |
| FHA-insured (Federal Housing Administration) |
77 | $9,879,000 |
$128,000 | $240,000 |
$45,000 | $113,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
23 | $2,532,000 |
$110,000 | $171,000 |
$40,000 | $60,000 |
| VA-guaranteed (Veterans Administration) |
7 | $1,113,000 |
$159,000 | $213,000 |
$50,000 | $66,000 |
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| Application Approved But Not Accepted |
12 | $1,320,000 |
$110,000 | $197,000 |
$24,000 | $71,000 |
| Application Denied By Financial Institution |
83 | $11,645,000 |
$140,000 | $685,000 |
$58,000 | $406,000 |
| Application Withdrawn By Applicant |
44 | $6,394,000 |
$145,000 | $487,000 |
$65,000 | $387,000 |
| File Closed For Incompleteness |
8 | $1,419,000 |
$177,000 | $490,000 |
$48,000 | $126,000 |
| Loan Originated |
248 | $29,284,000 |
$118,000 | $417,000 |
$52,000 | $330,000 |
| 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 |
16 | $1,938,000 |
$121,000 | $424,000 |
$42,000 | $152,000 |
| Credit Application Incomplete |
1 | $350,000 |
$350,000 | $350,000 |
$82,000 | $82,000 |
| Credit History |
46 | $5,654,000 |
$122,000 | $514,000 |
$58,000 | $406,000 |
| Debt-To-Income Ratio |
7 | $1,290,000 |
$184,000 | $515,000 |
$64,000 | $140,000 |
| Employment History |
5 | $1,531,000 |
$306,000 | $685,000 |
$76,000 | $151,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $88,000 |
$88,000 | $88,000 |
$69,000 | $69,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
7 | $794,000 |
$113,000 | $200,000 |
$74,000 | $146,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FIRST SECURITY MORTGAGE, INC. by:
Metropolitan Area And
County
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