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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 SOURCE FUNDING GROUP, IN
Mortgage Loans and Application Details
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| Mortgage Company Name |
FIRST SOURCE FUNDING GROUP, IN |
| Address | 100 PACIFICA, SUITE 160
IRVINE, CA 92618 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,941 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $645,012,000 |
| Average Mortgage Loan Amount Applied For | $300,869 |
| Highest Mortgage Loan Amount Applied For | $2,660,000 |
| Average Applicant Income | $119,630 |
| Highest Applicant Income | $3,813,000 |
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| Home Improvement |
150 | $52,362,000 |
$349,000 | $1,360,000 |
$124,000 | $708,000 |
| Home Purchase |
558 | $178,706,000 |
$320,000 | $2,660,000 |
$163,000 | $3,813,000 |
| Refinancing |
1,233 | $413,944,000 |
$335,000 | $2,100,000 |
$120,000 | $1,200,000 |
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| American Indian or Alaskan Native |
7 | $2,449,000 |
$349,000 | $604,000 |
$136,000 | $276,000 |
| Asian |
80 | $31,722,000 |
$396,000 | $1,300,000 |
$147,000 | $420,000 |
| Black or African American |
61 | $20,133,000 |
$330,000 | $1,500,000 |
$132,000 | $630,000 |
| Hispanic |
429 | $122,970,000 |
$286,000 | $998,000 |
$104,000 | $708,000 |
| Native Hawaiin or Other Pacific Islander |
21 | $6,637,000 |
$316,000 | $1,000,000 |
$85,000 | $278,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
451 | $148,112,000 |
$328,000 | $2,660,000 |
$129,000 | $3,454,000 |
| White |
892 | $312,989,000 |
$350,000 | $2,310,000 |
$149,000 | $3,813,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,941 | $645,012,000 |
$332,000 | $2,660,000 |
$133,000 | $3,813,000 |
| 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 |
383 | $131,820,000 |
$344,000 | $2,100,000 |
$126,000 | $1,470,000 |
| Application Denied By Financial Institution |
405 | $123,703,000 |
$305,000 | $2,100,000 |
$141,000 | $1,727,000 |
| Application Withdrawn By Applicant |
43 | $13,102,000 |
$304,000 | $1,000,000 |
$22,000 | $158,000 |
| File Closed For Incompleteness |
168 | $56,304,000 |
$335,000 | $2,310,000 |
$159,000 | $1,200,000 |
| Loan Originated |
942 | $320,083,000 |
$339,000 | $2,660,000 |
$133,000 | $3,813,000 |
| 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 |
26 | $7,129,000 |
$274,000 | $736,000 |
$115,000 | $354,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
147 | $47,102,000 |
$320,000 | $1,360,000 |
$143,000 | $1,727,000 |
| Debt-To-Income Ratio |
42 | $11,245,000 |
$267,000 | $1,020,000 |
$94,000 | $284,000 |
| Employment History |
23 | $6,446,000 |
$280,000 | $1,040,000 |
$133,000 | $360,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,091,000 |
$363,000 | $770,000 |
$259,000 | $455,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
67 | $19,818,000 |
$295,000 | $1,320,000 |
$157,000 | $548,000 |
| Unverifiable Information |
97 | $30,872,000 |
$318,000 | $2,100,000 |
$151,000 | $585,000 |
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Mortgage Loan App Totals for FIRST SOURCE FUNDING GROUP, IN by:
Metropolitan Area And
County
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