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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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LEGACY MORTGAGE LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
LEGACY MORTGAGE LLC |
| Address | 6719 ACADEMY RD NE SUITE D
ALBUQUERQUE, NM 87109 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 557 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $89,126,000 |
| Average Mortgage Loan Amount Applied For | $120,666 |
| Highest Mortgage Loan Amount Applied For | $999,000 |
| Average Applicant Income | $55,888 |
| Highest Applicant Income | $330,000 |
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| Home Improvement |
3 | $347,000 |
$115,000 | $197,000 |
$139,000 | $211,000 |
| Home Purchase |
529 | $83,624,000 |
$158,000 | $660,000 |
$71,000 | $330,000 |
| Refinancing |
29 | $5,767,000 |
$198,000 | $999,000 |
$72,000 | $263,000 |
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| American Indian or Alaskan Native |
6 | $960,000 |
$160,000 | $280,000 |
$76,000 | $120,000 |
| Asian |
13 | $1,886,000 |
$145,000 | $304,000 |
$74,000 | $190,000 |
| Black or African American |
8 | $1,309,000 |
$163,000 | $240,000 |
$54,000 | $87,000 |
| Hispanic |
133 | $18,691,000 |
$140,000 | $480,000 |
$61,000 | $195,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $728,000 |
$182,000 | $291,000 |
$68,000 | $144,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
18 | $2,595,000 |
$144,000 | $250,000 |
$92,000 | $286,000 |
| White |
379 | $63,569,000 |
$167,000 | $999,000 |
$74,000 | $330,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
482 | $78,856,000 |
$163,000 | $999,000 |
$74,000 | $330,000 |
| FHA-insured (Federal Housing Administration) |
61 | $7,716,000 |
$126,000 | $203,000 |
$56,000 | $170,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
18 | $3,166,000 |
$175,000 | $339,000 |
$58,000 | $126,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
4 | $482,000 |
$120,000 | $206,000 |
$46,000 | $65,000 |
| Application Withdrawn By Applicant |
44 | $7,007,000 |
$159,000 | $417,000 |
$87,000 | $286,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
512 | $82,079,000 |
$160,000 | $999,000 |
$70,000 | $330,000 |
| 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 |
1 | $170,000 |
$170,000 | $170,000 |
$76,000 | $76,000 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $376,000 |
$188,000 | $206,000 |
$70,000 | $76,000 |
| Debt-To-Income Ratio |
1 | $66,000 |
$66,000 | $66,000 |
$55,000 | $55,000 |
| Employment History |
1 | $91,000 |
$91,000 | $91,000 |
$65,000 | $65,000 |
| 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 |
1 | $119,000 |
$119,000 | $119,000 |
$0 | $0 |
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Mortgage Loan App Totals for LEGACY MORTGAGE LLC by:
Metropolitan Area And
County
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