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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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INDEPENDENT FINANCIAL MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
INDEPENDENT FINANCIAL MORTGAGE |
| Address | 2 SOUTH POINTE DR. STE. 185
LAKE FOREST, CA 92630 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 1,393 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $338,721,000 |
| Average Mortgage Loan Amount Applied For | $231,976 |
| Highest Mortgage Loan Amount Applied For | $1,130,000 |
| Average Applicant Income | $71,911 |
| Highest Applicant Income | $952,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
54 | $13,390,000 |
$203,571 | $1,000,000 |
$82,428 | $392,000 |
| Refinancing |
1,350 | $328,487,000 |
$227,416 | $1,130,000 |
$68,666 | $952,000 |
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| American Indian or Alaskan Native |
4 | $772,000 |
$193,000 | $273,000 |
$47,000 | $66,000 |
| Asian |
25 | $7,299,000 |
$234,833 | $600,000 |
$77,500 | $144,000 |
| Black or African American |
126 | $28,873,000 |
$221,000 | $570,000 |
$71,000 | $178,000 |
| Hispanic |
180 | $44,413,000 |
$236,250 | $644,000 |
$60,875 | $214,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $332,000 |
$166,000 | $204,000 |
$42,000 | $48,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
424 | $101,105,000 |
$212,583 | $1,000,000 |
$69,416 | $542,000 |
| White |
643 | $159,083,000 |
$246,916 | $1,130,000 |
$72,250 | $952,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,399 | $340,945,000 |
$227,250 | $1,130,000 |
$69,333 | $952,000 |
| FHA-insured (Federal Housing Administration) |
1 | $26,000 |
$26,000 | $26,000 |
$66,000 | $66,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
4 | $906,000 |
$226,500 | $360,000 |
$61,500 | $99,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
1 | $405,000 |
$405,000 | $405,000 |
$159,000 | $159,000 |
| Application Denied By Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
1 | $152,000 |
$152,000 | $152,000 |
$0 | $0 |
| File Closed For Incompleteness |
3 | $494,000 |
$164,666 | $174,000 |
$47,333 | $58,000 |
| Loan Originated |
1,399 | $340,826,000 |
$227,416 | $1,130,000 |
$69,500 | $952,000 |
| 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 |
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 INDEPENDENT FINANCIAL MORTGAGE by:
Metropolitan Area And
County
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