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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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INNOVATIVE MORTGAGE CAPITAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
INNOVATIVE MORTGAGE CAPITAL |
| Address | 121 INNOVATION DRIVE, SUITE 200
IRVINE, CA 92617 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,077 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $252,595,000 |
| Average Mortgage Loan Amount Applied For | $192,153 |
| Highest Mortgage Loan Amount Applied For | $1,900,000 |
| Average Applicant Income | $89,650 |
| Highest Applicant Income | $4,699,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
345 | $84,069,000 |
$243,000 | $1,625,000 |
$124,000 | $933,000 |
| Refinancing |
732 | $168,526,000 |
$230,000 | $1,900,000 |
$107,000 | $4,699,000 |
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| American Indian or Alaskan Native |
6 | $1,068,000 |
$178,000 | $416,000 |
$90,000 | $140,000 |
| Asian |
56 | $16,032,000 |
$286,000 | $1,410,000 |
$185,000 | $540,000 |
| Black or African American |
138 | $33,691,000 |
$244,000 | $1,560,000 |
$141,000 | $4,699,000 |
| Hispanic |
179 | $43,687,000 |
$244,000 | $1,125,000 |
$92,000 | $330,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $1,627,000 |
$232,000 | $580,000 |
$88,000 | $221,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
62 | $15,504,000 |
$250,000 | $1,400,000 |
$109,000 | $480,000 |
| White |
629 | $140,986,000 |
$224,000 | $1,900,000 |
$106,000 | $1,015,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,077 | $252,595,000 |
$234,000 | $1,900,000 |
$112,000 | $4,699,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
106 | $25,149,000 |
$237,000 | $1,500,000 |
$109,000 | $899,000 |
| Application Withdrawn By Applicant |
372 | $95,009,000 |
$255,000 | $1,900,000 |
$110,000 | $933,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
599 | $132,437,000 |
$221,000 | $1,560,000 |
$114,000 | $4,699,000 |
| 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 |
23 | $6,744,000 |
$293,000 | $1,400,000 |
$200,000 | $899,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
26 | $5,524,000 |
$212,000 | $655,000 |
$67,000 | $180,000 |
| Debt-To-Income Ratio |
10 | $2,373,000 |
$237,000 | $752,000 |
$95,000 | $180,000 |
| Employment History |
6 | $1,496,000 |
$249,000 | $612,000 |
$41,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $312,000 |
$104,000 | $187,000 |
$128,000 | $375,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
29 | $7,609,000 |
$262,000 | $1,500,000 |
$99,000 | $372,000 |
| Unverifiable Information |
9 | $1,091,000 |
$121,000 | $274,000 |
$82,000 | $240,000 |
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Mortgage Loan App Totals for INNOVATIVE MORTGAGE CAPITAL by:
Metropolitan Area And
County
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