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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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FLEXPOINT FUNDING CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
FLEXPOINT FUNDING CORPORATION |
| Address | 30 EXECUTIVE PARK SUITE 200
IRVINE, CA 92614 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,623 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $950,210,000 |
| Average Mortgage Loan Amount Applied For | $164,453 |
| Highest Mortgage Loan Amount Applied For | $2,223,000 |
| Average Applicant Income | $78,284 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
302 | $59,187,000 |
$195,000 | $1,300,000 |
$109,000 | $583,000 |
| Refinancing |
4,321 | $891,023,000 |
$206,000 | $2,223,000 |
$85,000 | $1,200,000 |
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| American Indian or Alaskan Native |
6 | $1,138,000 |
$189,000 | $326,000 |
$43,000 | $78,000 |
| Asian |
44 | $11,080,000 |
$251,000 | $650,000 |
$102,000 | $220,000 |
| Black or African American |
352 | $69,568,000 |
$197,000 | $1,875,000 |
$79,000 | $1,200,000 |
| Hispanic |
282 | $61,486,000 |
$218,000 | $800,000 |
$85,000 | $500,000 |
| Native Hawaiin or Other Pacific Islander |
41 | $12,405,000 |
$302,000 | $943,000 |
$112,000 | $320,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,087 | $427,862,000 |
$205,000 | $2,223,000 |
$88,000 | $900,000 |
| White |
1,811 | $366,671,000 |
$202,000 | $2,012,000 |
$86,000 | $1,020,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,623 | $950,210,000 |
$205,000 | $2,223,000 |
$87,000 | $1,200,000 |
| 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 |
275 | $55,944,000 |
$203,000 | $1,050,000 |
$89,000 | $568,000 |
| Application Denied By Financial Institution |
935 | $174,369,000 |
$186,000 | $2,223,000 |
$82,000 | $809,000 |
| Application Withdrawn By Applicant |
782 | $152,720,000 |
$195,000 | $1,992,000 |
$88,000 | $1,020,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,631 | $567,177,000 |
$215,000 | $2,012,000 |
$88,000 | $1,200,000 |
| 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 |
467 | $85,280,000 |
$182,000 | $1,000,000 |
$81,000 | $444,000 |
| Credit Application Incomplete |
4 | $1,153,000 |
$288,000 | $648,000 |
$80,000 | $134,000 |
| Credit History |
232 | $44,845,000 |
$193,000 | $2,223,000 |
$83,000 | $809,000 |
| Debt-To-Income Ratio |
11 | $2,203,000 |
$200,000 | $590,000 |
$72,000 | $141,000 |
| Employment History |
12 | $2,551,000 |
$212,000 | $387,000 |
$78,000 | $144,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
118 | $20,874,000 |
$176,000 | $675,000 |
$78,000 | $281,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
47 | $9,441,000 |
$200,000 | $953,000 |
$91,000 | $721,000 |
| Unverifiable Information |
34 | $6,358,000 |
$187,000 | $608,000 |
$100,000 | $285,000 |
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Mortgage Loan App Totals for FLEXPOINT FUNDING CORPORATION by:
Metropolitan Area And
County
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