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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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HAMMERSMITH FINANCIAL, LP
Mortgage Loans and Application Details
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| Mortgage Company Name |
HAMMERSMITH FINANCIAL, LP |
| Address | 7850 N. SAM HOUSTON PWKY W, #140
HOUSTON, TX 77064 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,811 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $247,363,000 |
| Average Mortgage Loan Amount Applied For | $177,571 |
| Highest Mortgage Loan Amount Applied For | $2,450,000 |
| Average Applicant Income | $126,571 |
| Highest Applicant Income | $1,669,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,930 | $262,652,000 |
$136,000 | $2,450,000 |
$74,000 | $1,669,000 |
| Refinancing |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| American Indian or Alaskan Native |
4 | $465,000 |
$116,000 | $135,000 |
$68,000 | $149,000 |
| Asian |
376 | $47,931,000 |
$127,000 | $296,000 |
$71,000 | $370,000 |
| Black or African American |
320 | $45,002,000 |
$140,000 | $394,000 |
$61,000 | $1,100,000 |
| Hispanic |
464 | $60,939,000 |
$131,000 | $330,000 |
$56,000 | $364,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $1,133,000 |
$161,000 | $218,000 |
$54,000 | $103,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
409 | $56,451,000 |
$138,000 | $334,000 |
$73,000 | $1,380,000 |
| White |
350 | $50,731,000 |
$144,000 | $2,450,000 |
$114,000 | $1,669,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,561 | $211,393,000 |
$135,000 | $2,450,000 |
$76,000 | $1,669,000 |
| FHA-insured (Federal Housing Administration) |
326 | $43,605,000 |
$133,000 | $225,000 |
$63,000 | $1,669,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
43 | $7,654,000 |
$178,000 | $394,000 |
$75,000 | $177,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
243 | $32,402,000 |
$133,000 | $356,000 |
$51,000 | $240,000 |
| Application Withdrawn By Applicant |
832 | $116,407,000 |
$139,000 | $2,450,000 |
$63,000 | $751,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
855 | $113,843,000 |
$133,000 | $752,000 |
$91,000 | $1,669,000 |
| 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 |
3 | $450,000 |
$150,000 | $176,000 |
$82,000 | $94,000 |
| Credit Application Incomplete |
3 | $339,000 |
$113,000 | $135,000 |
$43,000 | $65,000 |
| Credit History |
146 | $19,552,000 |
$133,000 | $356,000 |
$50,000 | $240,000 |
| Debt-To-Income Ratio |
59 | $7,810,000 |
$132,000 | $301,000 |
$51,000 | $174,000 |
| Employment History |
12 | $1,395,000 |
$116,000 | $167,000 |
$46,000 | $74,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $1,025,000 |
$146,000 | $211,000 |
$48,000 | $91,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
12 | $1,676,000 |
$139,000 | $234,000 |
$68,000 | $184,000 |
| Unverifiable Information |
1 | $155,000 |
$155,000 | $155,000 |
$70,000 | $70,000 |
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Mortgage Loan App Totals for HAMMERSMITH FINANCIAL, LP by:
Metropolitan Area And
County
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