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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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HOME123 CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOME123 CORPORATION |
| Address | 3351 MICHELSON DRIVE, SUITE 400
IRVINE, CA 92612 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 160,617 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,729,596,000 |
| Average Mortgage Loan Amount Applied For | $121,479 |
| Highest Mortgage Loan Amount Applied For | $6,500,000 |
| Average Applicant Income | $57,368 |
| Highest Applicant Income | $1,992,000 |
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| Home Improvement |
4,426 | $819,932,000 |
$185,000 | $1,500,000 |
$68,000 | $1,717,000 |
| Home Purchase |
55,762 | $8,398,359,000 |
$150,000 | $8,700,000 |
$77,000 | $1,812,000 |
| Refinancing |
111,792 | $19,335,012,000 |
$172,000 | $6,000,000 |
$70,000 | $1,992,000 |
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| American Indian or Alaskan Native |
746 | $132,281,000 |
$177,000 | $956,000 |
$78,000 | $642,000 |
| Asian |
3,584 | $838,858,000 |
$234,000 | $1,600,000 |
$92,000 | $1,992,000 |
| Black or African American |
21,788 | $3,122,019,000 |
$143,000 | $2,242,000 |
$60,000 | $1,800,000 |
| Hispanic |
21,555 | $3,265,199,000 |
$151,000 | $3,325,000 |
$65,000 | $1,920,000 |
| Native Hawaiin or Other Pacific Islander |
967 | $242,830,000 |
$251,000 | $1,163,000 |
$99,000 | $1,200,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
41,667 | $7,970,748,000 |
$191,000 | $6,175,000 |
$74,000 | $1,896,000 |
| White |
81,673 | $12,981,368,000 |
$158,000 | $8,700,000 |
$75,000 | $1,968,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
167,466 | $27,970,609,000 |
$167,000 | $8,700,000 |
$72,000 | $1,992,000 |
| FHA-insured (Federal Housing Administration) |
4,457 | $575,624,000 |
$129,000 | $579,000 |
$54,000 | $575,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
54 | $6,351,000 |
$117,000 | $290,000 |
$43,000 | $77,000 |
| VA-guaranteed (Veterans Administration) |
3 | $719,000 |
$239,000 | $306,000 |
$203,000 | $360,000 |
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| Application Approved But Not Accepted |
655 | $112,876,000 |
$172,000 | $779,000 |
$72,000 | $1,136,000 |
| Application Denied By Financial Institution |
6,731 | $1,176,395,000 |
$174,000 | $3,640,000 |
$73,000 | $1,164,000 |
| Application Withdrawn By Applicant |
100,609 | $17,029,788,000 |
$169,000 | $6,500,000 |
$68,000 | $1,992,000 |
| File Closed For Incompleteness |
808 | $158,870,000 |
$196,000 | $1,500,000 |
$101,000 | $528,000 |
| Loan Originated |
51,814 | $8,251,667,000 |
$159,000 | $2,000,000 |
$79,000 | $1,750,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
10,474 | $1,699,848,000 |
$162,000 | $8,700,000 |
$68,000 | $1,812,000 |
| Preapproval Denied by Financial Institution |
889 | $123,859,000 |
$139,000 | $1,000,000 |
$72,000 | $960,000 |
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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 App Totals for HOME123 CORPORATION by:
Metropolitan Area And
County
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