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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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LOAN CORRESPONDENTS INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
LOAN CORRESPONDENTS INC. |
| Address | 959 SOUTH COAST DRIVE #495
COSTA MESA, CA 92626 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,725 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $743,870,000 |
| Average Mortgage Loan Amount Applied For | $207,500 |
| Highest Mortgage Loan Amount Applied For | $1,925,000 |
| Average Applicant Income | $103,657 |
| Highest Applicant Income | $1,740,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,161 | $288,806,000 |
$248,000 | $1,294,000 |
$148,000 | $1,200,000 |
| Refinancing |
1,564 | $455,064,000 |
$290,000 | $1,925,000 |
$135,000 | $1,740,000 |
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| American Indian or Alaskan Native |
13 | $2,922,000 |
$224,000 | $546,000 |
$141,000 | $300,000 |
| Asian |
372 | $113,816,000 |
$305,000 | $1,295,000 |
$166,000 | $600,000 |
| Black or African American |
183 | $44,685,000 |
$244,000 | $1,260,000 |
$150,000 | $984,000 |
| Hispanic |
1,264 | $327,195,000 |
$258,000 | $1,925,000 |
$122,000 | $1,740,000 |
| Native Hawaiin or Other Pacific Islander |
94 | $27,263,000 |
$290,000 | $1,000,000 |
$143,000 | $480,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
11 | $2,360,000 |
$214,000 | $511,000 |
$150,000 | $201,000 |
| White |
788 | $225,629,000 |
$286,000 | $1,800,000 |
$156,000 | $1,392,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,725 | $743,870,000 |
$272,000 | $1,925,000 |
$140,000 | $1,740,000 |
| 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 |
408 | $108,364,000 |
$265,000 | $1,488,000 |
$138,000 | $762,000 |
| Application Denied By Financial Institution |
962 | $272,907,000 |
$283,000 | $1,800,000 |
$160,000 | $1,740,000 |
| Application Withdrawn By Applicant |
17 | $3,518,000 |
$206,000 | $530,000 |
$167,000 | $600,000 |
| File Closed For Incompleteness |
7 | $2,791,000 |
$398,000 | $640,000 |
$232,000 | $418,000 |
| Loan Originated |
1,331 | $356,290,000 |
$267,000 | $1,925,000 |
$126,000 | $984,000 |
| 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 |
77 | $20,677,000 |
$268,000 | $1,000,000 |
$141,000 | $489,000 |
| Credit Application Incomplete |
1 | $80,000 |
$80,000 | $80,000 |
$248,000 | $248,000 |
| Credit History |
93 | $31,493,000 |
$338,000 | $1,250,000 |
$142,000 | $660,000 |
| Debt-To-Income Ratio |
15 | $5,152,000 |
$343,000 | $994,000 |
$121,000 | $300,000 |
| Employment History |
11 | $3,146,000 |
$286,000 | $449,000 |
$123,000 | $210,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $106,000 |
$106,000 | $106,000 |
$26,000 | $26,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
72 | $23,580,000 |
$327,000 | $1,480,000 |
$230,000 | $1,740,000 |
| Unverifiable Information |
84 | $24,525,000 |
$291,000 | $1,163,000 |
$172,000 | $616,000 |
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Mortgage Loan App Totals for LOAN CORRESPONDENTS INC. by:
Metropolitan Area And
County
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