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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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HILLSBOROUGH CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HILLSBOROUGH CORPORATION |
| Address | 8950 SOUTH 52ND STREET, SUITE 115
TEMPE, AZ 85284 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,017 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $467,762,000 |
| Average Mortgage Loan Amount Applied For | $224,925 |
| Highest Mortgage Loan Amount Applied For | $975,000 |
| Average Applicant Income | $96,629 |
| Highest Applicant Income | $1,369,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2,012 | $466,952,000 |
$232,000 | $975,000 |
$100,000 | $1,369,000 |
| Refinancing |
5 | $810,000 |
$162,000 | $264,000 |
$56,000 | $114,000 |
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| American Indian or Alaskan Native |
1 | $209,000 |
$209,000 | $209,000 |
$63,000 | $63,000 |
| Asian |
300 | $87,429,000 |
$291,000 | $739,000 |
$114,000 | $518,000 |
| Black or African American |
46 | $12,379,000 |
$269,000 | $780,000 |
$111,000 | $480,000 |
| Hispanic |
255 | $57,375,000 |
$225,000 | $565,000 |
$90,000 | $360,000 |
| Native Hawaiin or Other Pacific Islander |
30 | $7,421,000 |
$247,000 | $420,000 |
$89,000 | $252,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
284 | $85,434,000 |
$300,000 | $722,000 |
$123,000 | $856,000 |
| White |
1,101 | $217,515,000 |
$197,000 | $975,000 |
$92,000 | $1,369,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,880 | $441,741,000 |
$234,000 | $975,000 |
$103,000 | $1,369,000 |
| FHA-insured (Federal Housing Administration) |
108 | $18,502,000 |
$171,000 | $266,000 |
$52,000 | $130,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
29 | $7,519,000 |
$259,000 | $468,000 |
$75,000 | $137,000 |
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| Application Approved But Not Accepted |
611 | $160,007,000 |
$261,000 | $975,000 |
$114,000 | $641,000 |
| Application Denied By Financial Institution |
79 | $20,599,000 |
$260,000 | $522,000 |
$78,000 | $228,000 |
| Application Withdrawn By Applicant |
421 | $108,200,000 |
$257,000 | $769,000 |
$103,000 | $660,000 |
| File Closed For Incompleteness |
9 | $2,877,000 |
$319,000 | $626,000 |
$147,000 | $480,000 |
| Loan Originated |
897 | $176,079,000 |
$196,000 | $739,000 |
$90,000 | $1,369,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
31 | $8,169,000 |
$263,000 | $500,000 |
$65,000 | $228,000 |
| Debt-To-Income Ratio |
26 | $6,544,000 |
$251,000 | $514,000 |
$85,000 | $180,000 |
| Employment History |
1 | $214,000 |
$214,000 | $214,000 |
$72,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $2,141,000 |
$305,000 | $522,000 |
$87,000 | $216,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $2,507,000 |
$250,000 | $500,000 |
$63,000 | $158,000 |
| Unverifiable Information |
3 | $849,000 |
$283,000 | $448,000 |
$184,000 | $216,000 |
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Mortgage Loan App Totals for HILLSBOROUGH CORPORATION by:
Metropolitan Area And
County
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