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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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FORTUNE ONE MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
FORTUNE ONE MORTGAGE CORP |
| Address | 8408 FLORENCE AVE
DOWNEY, CA 90240 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 232 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $82,127,000 |
| Average Mortgage Loan Amount Applied For | $437,588 |
| Highest Mortgage Loan Amount Applied For | $1,700,000 |
| Average Applicant Income | $142,000 |
| Highest Applicant Income | $1,273,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
90 | $41,091,000 |
$456,000 | $8,500,000 |
$163,000 | $900,000 |
| Refinancing |
157 | $59,127,000 |
$376,000 | $1,700,000 |
$110,000 | $1,273,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $2,694,000 |
$1,347,000 | $1,700,000 |
$762,000 | $1,273,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
205 | $69,646,000 |
$339,000 | $1,325,000 |
$112,000 | $566,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
7 | $14,125,000 |
$2,017,000 | $8,500,000 |
$285,000 | $900,000 |
| White |
33 | $13,753,000 |
$416,000 | $1,008,000 |
$166,000 | $449,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
247 | $100,218,000 |
$405,000 | $8,500,000 |
$129,000 | $1,273,000 |
| 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 |
43 | $20,009,000 |
$465,000 | $4,500,000 |
$160,000 | $1,273,000 |
| Application Denied By Financial Institution |
43 | $17,289,000 |
$402,000 | $1,325,000 |
$134,000 | $396,000 |
| Application Withdrawn By Applicant |
31 | $18,648,000 |
$601,000 | $8,500,000 |
$136,000 | $900,000 |
| File Closed For Incompleteness |
10 | $4,288,000 |
$428,000 | $994,000 |
$149,000 | $252,000 |
| Loan Originated |
101 | $33,830,000 |
$334,000 | $1,288,000 |
$107,000 | $449,000 |
| Loan Purchased By The Institution |
19 | $6,154,000 |
$323,000 | $975,000 |
$146,000 | $566,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $896,000 |
$448,000 | $460,000 |
$124,000 | $126,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
3 | $730,000 |
$243,000 | $370,000 |
$58,000 | $70,000 |
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Mortgage Loan App Totals for FORTUNE ONE MORTGAGE CORP by:
Metropolitan Area And
County
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