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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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GOLDEN EMPIRE MORTGAGE INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
GOLDEN EMPIRE MORTGAGE INC |
| Address | 1200 DISCOVERY DRIVE - THIRD FLOOR
BAKESRFIELD, CA 93309 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,175 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,425,564,000 |
| Average Mortgage Loan Amount Applied For | $248,626 |
| Highest Mortgage Loan Amount Applied For | $2,550,000 |
| Average Applicant Income | $109,060 |
| Highest Applicant Income | $1,536,000 |
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| Home Improvement |
51 | $4,785,000 |
$93,000 | $200,000 |
$192,000 | $480,000 |
| Home Purchase |
2,421 | $594,010,000 |
$245,000 | $2,550,000 |
$104,000 | $1,536,000 |
| Refinancing |
2,703 | $826,769,000 |
$305,000 | $1,600,000 |
$112,000 | $1,142,000 |
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| American Indian or Alaskan Native |
14 | $3,723,000 |
$265,000 | $807,000 |
$86,000 | $240,000 |
| Asian |
494 | $181,671,000 |
$367,000 | $1,168,000 |
$150,000 | $1,142,000 |
| Black or African American |
179 | $53,213,000 |
$297,000 | $1,000,000 |
$113,000 | $567,000 |
| Hispanic |
2,394 | $606,537,000 |
$253,000 | $1,500,000 |
$93,000 | $997,000 |
| Native Hawaiin or Other Pacific Islander |
87 | $27,280,000 |
$313,000 | $825,000 |
$133,000 | $468,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
243 | $69,798,000 |
$287,000 | $1,100,000 |
$121,000 | $504,000 |
| White |
1,764 | $483,342,000 |
$274,000 | $2,550,000 |
$117,000 | $1,536,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,036 | $1,397,924,000 |
$277,000 | $2,550,000 |
$111,000 | $1,536,000 |
| FHA-insured (Federal Housing Administration) |
113 | $21,765,000 |
$192,000 | $426,000 |
$63,000 | $270,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
26 | $5,875,000 |
$225,000 | $417,000 |
$62,000 | $100,000 |
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| Application Approved But Not Accepted |
233 | $73,381,000 |
$314,000 | $1,100,000 |
$137,000 | $504,000 |
| Application Denied By Financial Institution |
262 | $87,244,000 |
$332,000 | $1,444,000 |
$156,000 | $552,000 |
| Application Withdrawn By Applicant |
726 | $210,928,000 |
$290,000 | $1,500,000 |
$111,000 | $1,142,000 |
| File Closed For Incompleteness |
4 | $479,000 |
$119,000 | $315,000 |
$111,000 | $141,000 |
| Loan Originated |
3,950 | $1,053,532,000 |
$266,000 | $2,550,000 |
$104,000 | $1,536,000 |
| 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 |
4 | $2,211,000 |
$552,000 | $850,000 |
$170,000 | $450,000 |
| Credit Application Incomplete |
3 | $1,270,000 |
$423,000 | $520,000 |
$138,000 | $174,000 |
| Credit History |
62 | $19,778,000 |
$319,000 | $904,000 |
$149,000 | $540,000 |
| Debt-To-Income Ratio |
34 | $12,273,000 |
$360,000 | $1,228,000 |
$152,000 | $431,000 |
| Employment History |
17 | $6,010,000 |
$353,000 | $750,000 |
$146,000 | $323,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
8 | $2,973,000 |
$371,000 | $740,000 |
$167,000 | $275,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
106 | $35,925,000 |
$338,000 | $1,444,000 |
$177,000 | $552,000 |
| Unverifiable Information |
3 | $808,000 |
$269,000 | $512,000 |
$165,000 | $167,000 |
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Mortgage Loan App Totals for GOLDEN EMPIRE MORTGAGE INC by:
Metropolitan Area And
County
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