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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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LRS FINANCIAL NETWORK INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
LRS FINANCIAL NETWORK INC. |
| Address | 2101 W. WADLEY, STE 33
MIDLAND, TX 79705 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 750 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $96,897,000 |
| Average Mortgage Loan Amount Applied For | $151,327 |
| Highest Mortgage Loan Amount Applied For | $1,043,000 |
| Average Applicant Income | $132,137 |
| Highest Applicant Income | $2,610,000 |
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| Home Improvement |
1 | $189,000 |
$189,000 | $189,000 |
$62,000 | $62,000 |
| Home Purchase |
644 | $76,933,000 |
$119,000 | $1,043,000 |
$102,000 | $2,610,000 |
| Refinancing |
123 | $21,500,000 |
$174,000 | $910,000 |
$119,000 | $985,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
16 | $1,826,000 |
$114,000 | $210,000 |
$149,000 | $345,000 |
| Black or African American |
3 | $591,000 |
$197,000 | $350,000 |
$177,000 | $431,000 |
| Hispanic |
72 | $6,290,000 |
$87,000 | $535,000 |
$63,000 | $257,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
13 | $777,000 |
$59,000 | $206,000 |
$26,000 | $98,000 |
| White |
664 | $89,138,000 |
$134,000 | $1,043,000 |
$110,000 | $2,610,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
556 | $78,367,000 |
$140,000 | $1,043,000 |
$121,000 | $2,610,000 |
| FHA-insured (Federal Housing Administration) |
187 | $17,831,000 |
$95,000 | $199,000 |
$64,000 | $404,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
25 | $2,424,000 |
$96,000 | $264,000 |
$43,000 | $64,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
12 | $786,000 |
$65,000 | $264,000 |
$27,000 | $95,000 |
| Application Withdrawn By Applicant |
23 | $3,149,000 |
$136,000 | $359,000 |
$69,000 | $227,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
733 | $94,687,000 |
$129,000 | $1,043,000 |
$107,000 | $2,610,000 |
| 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 |
5 | $5,000 |
$1,000 | $1,000 |
$0 | $0 |
| Debt-To-Income Ratio |
4 | $386,000 |
$96,000 | $264,000 |
$39,000 | $73,000 |
| 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 |
1 | $152,000 |
$152,000 | $152,000 |
$95,000 | $95,000 |
| Unverifiable Information |
1 | $98,000 |
$98,000 | $98,000 |
$30,000 | $30,000 |
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Mortgage Loan App Totals for LRS FINANCIAL NETWORK INC. by:
Metropolitan Area And
County
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