| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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HCL FINANCE, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
HCL FINANCE, INC |
| Address | 2560 MISSION COLLEGE BOULEVARD #102
SANTA CLARA, CA 95054 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| Data Years (click a year for detail) | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,275 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $429,211,000 |
| Average Mortgage Loan Amount Applied For | $280,365 |
| Highest Mortgage Loan Amount Applied For | $1,855,000 |
| Average Applicant Income | $43,292 |
| Highest Applicant Income | $480,000 |
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| Home Improvement |
715 | $228,999,000 |
$293,000 | $1,500,000 |
$69,000 | $1,068,000 |
| Home Purchase |
738 | $241,111,000 |
$312,000 | $1,855,000 |
$61,000 | $480,000 |
| Refinancing |
144 | $50,030,000 |
$363,500 | $990,000 |
$55,000 | $360,000 |
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| American Indian or Alaskan Native |
747 | $264,041,000 |
$340,000 | $1,073,000 |
$36,500 | $432,000 |
| Asian |
109 | $35,992,000 |
$283,500 | $1,000,000 |
$78,000 | $360,000 |
| Black or African American |
30 | $7,458,000 |
$293,500 | $602,000 |
$68,500 | $189,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
177 | $52,256,000 |
$288,500 | $1,855,000 |
$73,000 | $381,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
321 | $90,943,000 |
$269,000 | $1,300,000 |
$39,000 | $468,000 |
| White |
213 | $69,450,000 |
$319,000 | $1,500,000 |
$125,500 | $1,068,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,597 | $520,140,000 |
$309,000 | $1,855,000 |
$62,500 | $1,068,000 |
| 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 |
80 | $29,991,000 |
$368,500 | $930,000 |
$68,500 | $432,000 |
| Application Denied By Financial Institution |
317 | $101,292,000 |
$296,500 | $1,300,000 |
$62,000 | $1,068,000 |
| Application Withdrawn By Applicant |
266 | $80,144,000 |
$290,000 | $1,855,000 |
$74,500 | $480,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
872 | $296,514,000 |
$335,500 | $1,430,000 |
$58,000 | $468,000 |
| 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 |
62 | $12,199,000 |
$196,000 | $800,000 |
$28,000 | $132,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan Application Totals for HCL FINANCE, INC by:
Metropolitan Area And
County
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