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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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HOME LOAN CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
HOME LOAN CORPORATION |
| Address | 450 GEARS ROAD, SUITE 600
HOUSTON, TX 77067 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 12,133 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,954,287,000 |
| Average Mortgage Loan Amount Applied For | $162,045 |
| Highest Mortgage Loan Amount Applied For | $1,890,000 |
| Average Applicant Income | $81,874 |
| Highest Applicant Income | $2,032,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
8,477 | $1,200,201,000 |
$141,000 | $1,600,000 |
$81,000 | $2,032,000 |
| Refinancing |
3,660 | $754,702,000 |
$206,000 | $1,890,000 |
$86,000 | $1,702,000 |
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| American Indian or Alaskan Native |
30 | $4,861,000 |
$162,000 | $650,000 |
$110,000 | $376,000 |
| Asian |
351 | $70,530,000 |
$200,000 | $975,000 |
$112,000 | $540,000 |
| Black or African American |
1,758 | $250,785,000 |
$142,000 | $960,000 |
$74,000 | $642,000 |
| Hispanic |
3,529 | $603,156,000 |
$170,000 | $935,000 |
$76,000 | $1,200,000 |
| Native Hawaiin or Other Pacific Islander |
43 | $7,393,000 |
$171,000 | $516,000 |
$104,000 | $314,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
834 | $147,241,000 |
$176,000 | $825,000 |
$85,000 | $628,000 |
| White |
5,592 | $870,937,000 |
$155,000 | $1,890,000 |
$87,000 | $2,032,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
11,055 | $1,813,092,000 |
$164,000 | $1,890,000 |
$85,000 | $2,032,000 |
| FHA-insured (Federal Housing Administration) |
799 | $95,131,000 |
$119,000 | $398,000 |
$50,000 | $200,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
63 | $9,283,000 |
$147,000 | $245,000 |
$41,000 | $66,000 |
| VA-guaranteed (Veterans Administration) |
220 | $37,397,000 |
$169,000 | $383,000 |
$69,000 | $183,000 |
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| Application Approved But Not Accepted |
500 | $102,635,000 |
$205,000 | $975,000 |
$92,000 | $490,000 |
| Application Denied By Financial Institution |
1,003 | $164,693,000 |
$164,000 | $1,120,000 |
$79,000 | $840,000 |
| Application Withdrawn By Applicant |
2,721 | $490,987,000 |
$180,000 | $1,890,000 |
$86,000 | $1,200,000 |
| File Closed For Incompleteness |
45 | $8,860,000 |
$196,000 | $650,000 |
$99,000 | $840,000 |
| Loan Originated |
7,868 | $1,187,728,000 |
$150,000 | $1,540,000 |
$81,000 | $2,032,000 |
| 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 |
58 | $9,832,000 |
$169,000 | $559,000 |
$93,000 | $314,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
243 | $43,402,000 |
$178,000 | $975,000 |
$68,000 | $261,000 |
| Debt-To-Income Ratio |
85 | $11,882,000 |
$139,000 | $460,000 |
$89,000 | $689,000 |
| Employment History |
99 | $15,328,000 |
$154,000 | $640,000 |
$83,000 | $390,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $604,000 |
$151,000 | $218,000 |
$57,000 | $96,000 |
| Mortgage Insurance Denied |
1 | $228,000 |
$228,000 | $228,000 |
$78,000 | $78,000 |
| Other |
346 | $58,311,000 |
$168,000 | $1,120,000 |
$86,000 | $840,000 |
| Unverifiable Information |
22 | $4,361,000 |
$198,000 | $496,000 |
$82,000 | $156,000 |
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Mortgage Loan App Totals for HOME LOAN CORPORATION by:
Metropolitan Area And
County
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