|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
IFREEDOM DIRECT CORPORATION
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
IFREEDOM DIRECT CORPORATION |
| Address | 2363 SOUTH FOOTHILL DRIVE
SLC, UT 84109 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 10,154 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,411,592,000 |
| Average Mortgage Loan Amount Applied For | $138,736 |
| Highest Mortgage Loan Amount Applied For | $885,000 |
| Average Applicant Income | $55,398 |
| Highest Applicant Income | $1,733,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
4,785 | $663,088,000 |
$138,000 | $885,000 |
$83,000 | $1,733,000 |
| Refinancing |
5,369 | $748,504,000 |
$139,000 | $750,000 |
$27,000 | $1,026,000 |
|
|
| American Indian or Alaskan Native |
37 | $5,508,000 |
$148,000 | $301,000 |
$70,000 | $383,000 |
| Asian |
188 | $28,030,000 |
$149,000 | $511,000 |
$105,000 | $444,000 |
| Black or African American |
372 | $47,433,000 |
$127,000 | $464,000 |
$52,000 | $269,000 |
| Hispanic |
802 | $105,817,000 |
$131,000 | $463,000 |
$58,000 | $1,128,000 |
| Native Hawaiin or Other Pacific Islander |
66 | $9,959,000 |
$150,000 | $588,000 |
$61,000 | $189,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4,055 | $580,916,000 |
$143,000 | $562,000 |
$29,000 | $1,026,000 |
| White |
4,634 | $633,929,000 |
$136,000 | $885,000 |
$72,000 | $1,733,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,489 | $418,084,000 |
$119,000 | $885,000 |
$93,000 | $1,733,000 |
| FHA-insured (Federal Housing Administration) |
4,745 | $605,024,000 |
$127,000 | $365,000 |
$25,000 | $1,026,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
28 | $4,381,000 |
$156,000 | $361,000 |
$31,000 | $117,000 |
| VA-guaranteed (Veterans Administration) |
1,892 | $384,103,000 |
$203,000 | $465,000 |
$52,000 | $222,000 |
|
|
| Application Approved But Not Accepted |
1,302 | $181,577,000 |
$139,000 | $885,000 |
$36,000 | $1,536,000 |
| Application Denied By Financial Institution |
867 | $131,610,000 |
$151,000 | $650,000 |
$61,000 | $1,026,000 |
| Application Withdrawn By Applicant |
1,442 | $214,873,000 |
$149,000 | $750,000 |
$44,000 | $443,000 |
| File Closed For Incompleteness |
24 | $3,809,000 |
$158,000 | $448,000 |
$58,000 | $240,000 |
| Loan Originated |
5,343 | $824,587,000 |
$154,000 | $844,000 |
$46,000 | $809,000 |
| Loan Purchased By The Institution |
1,176 | $55,136,000 |
$46,000 | $257,000 |
$114,000 | $1,733,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
139 | $18,954,000 |
$136,000 | $400,000 |
$61,000 | $385,000 |
| Credit Application Incomplete |
12 | $2,343,000 |
$195,000 | $420,000 |
$53,000 | $144,000 |
| Credit History |
274 | $42,627,000 |
$155,000 | $495,000 |
$58,000 | $1,026,000 |
| Debt-To-Income Ratio |
194 | $31,372,000 |
$161,000 | $452,000 |
$57,000 | $219,000 |
| Employment History |
26 | $4,080,000 |
$156,000 | $306,000 |
$54,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $391,000 |
$195,000 | $242,000 |
$116,000 | $144,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
189 | $27,482,000 |
$145,000 | $650,000 |
$72,000 | $437,000 |
| Unverifiable Information |
31 | $4,361,000 |
$140,000 | $366,000 |
$59,000 | $102,000 |
|
Mortgage Loan App Totals for IFREEDOM DIRECT CORPORATION by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
