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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 SOLUTION LENDING, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST SOLUTION LENDING, INC. |
| Address | 11332 86TH AVENUE NORTH
MAPLE GROVE, MN 55369 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,612 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $257,807,000 |
| Average Mortgage Loan Amount Applied For | $141,019 |
| Highest Mortgage Loan Amount Applied For | $784,000 |
| Average Applicant Income | $59,934 |
| Highest Applicant Income | $1,509,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
943 | $143,429,000 |
$152,000 | $778,000 |
$67,000 | $1,158,000 |
| Refinancing |
679 | $115,500,000 |
$170,000 | $784,000 |
$69,000 | $1,509,000 |
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| American Indian or Alaskan Native |
3 | $288,000 |
$96,000 | $112,000 |
$58,000 | $94,000 |
| Asian |
73 | $13,401,000 |
$183,000 | $600,000 |
$78,000 | $240,000 |
| Black or African American |
388 | $56,103,000 |
$144,000 | $778,000 |
$62,000 | $1,509,000 |
| Hispanic |
336 | $54,366,000 |
$161,000 | $507,000 |
$65,000 | $684,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $1,487,000 |
$185,000 | $347,000 |
$93,000 | $216,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
199 | $30,727,000 |
$154,000 | $586,000 |
$66,000 | $300,000 |
| White |
615 | $102,557,000 |
$166,000 | $784,000 |
$73,000 | $1,158,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,622 | $258,929,000 |
$159,000 | $784,000 |
$68,000 | $1,509,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
609 | $107,296,000 |
$176,000 | $784,000 |
$72,000 | $1,509,000 |
| Application Withdrawn By Applicant |
546 | $88,923,000 |
$162,000 | $712,000 |
$68,000 | $1,158,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
467 | $62,710,000 |
$134,000 | $600,000 |
$63,000 | $252,000 |
| 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 |
116 | $18,099,000 |
$156,000 | $591,000 |
$72,000 | $684,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
104 | $17,074,000 |
$164,000 | $540,000 |
$61,000 | $263,000 |
| Debt-To-Income Ratio |
78 | $13,005,000 |
$166,000 | $527,000 |
$50,000 | $170,000 |
| Employment History |
24 | $4,273,000 |
$178,000 | $396,000 |
$61,000 | $135,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $290,000 |
$290,000 | $290,000 |
$100,000 | $100,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
232 | $43,464,000 |
$187,000 | $784,000 |
$85,000 | $1,509,000 |
| Unverifiable Information |
47 | $10,048,000 |
$213,000 | $548,000 |
$71,000 | $249,000 |
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Mortgage Loan App Totals for FIRST SOLUTION LENDING, INC. by:
Metropolitan Area And
County
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