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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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METROCITIES MORTGAGE LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
METROCITIES MORTGAGE LLC |
| Address | 15301 VENTURA BLVD, SUITE#D300
SHERMAN OAKS, CA 91403 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 19,903 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $7,892,318,000 |
| Average Mortgage Loan Amount Applied For | $326,043 |
| Highest Mortgage Loan Amount Applied For | $10,980,000 |
| Average Applicant Income | $181,296 |
| Highest Applicant Income | $9,543,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
12,672 | $4,311,545,000 |
$340,000 | $10,980,000 |
$165,000 | $6,087,000 |
| Refinancing |
7,231 | $3,580,773,000 |
$495,000 | $7,700,000 |
$196,000 | $9,543,000 |
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| American Indian or Alaskan Native |
55 | $19,724,000 |
$358,000 | $1,690,000 |
$146,000 | $900,000 |
| Asian |
912 | $419,623,000 |
$460,000 | $2,200,000 |
$176,000 | $1,210,000 |
| Black or African American |
1,189 | $445,051,000 |
$374,000 | $3,600,000 |
$195,000 | $6,087,000 |
| Hispanic |
4,860 | $1,469,578,000 |
$302,000 | $10,980,000 |
$113,000 | $6,000,000 |
| Native Hawaiin or Other Pacific Islander |
153 | $64,222,000 |
$419,000 | $1,313,000 |
$170,000 | $570,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,857 | $1,464,912,000 |
$512,000 | $10,500,000 |
$233,000 | $7,800,000 |
| White |
9,877 | $4,009,208,000 |
$405,000 | $7,000,000 |
$189,000 | $9,543,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
19,580 | $7,831,198,000 |
$399,000 | $10,980,000 |
$178,000 | $9,543,000 |
| FHA-insured (Federal Housing Administration) |
186 | $31,217,000 |
$167,000 | $466,000 |
$52,000 | $206,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
137 | $29,903,000 |
$218,000 | $417,000 |
$69,000 | $207,000 |
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| Application Approved But Not Accepted |
3,504 | $1,674,167,000 |
$477,000 | $10,500,000 |
$215,000 | $9,543,000 |
| Application Denied By Financial Institution |
1,222 | $691,578,000 |
$565,000 | $7,000,000 |
$250,000 | $6,048,000 |
| Application Withdrawn By Applicant |
2,720 | $1,304,009,000 |
$479,000 | $10,980,000 |
$210,000 | $7,800,000 |
| File Closed For Incompleteness |
418 | $190,422,000 |
$455,000 | $3,000,000 |
$190,000 | $1,800,000 |
| Loan Originated |
12,039 | $4,032,142,000 |
$334,000 | $7,000,000 |
$149,000 | $6,339,000 |
| 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 |
189 | $139,037,000 |
$735,000 | $6,500,000 |
$368,000 | $6,048,000 |
| Credit Application Incomplete |
10 | $3,776,000 |
$377,000 | $770,000 |
$162,000 | $486,000 |
| Credit History |
101 | $52,595,000 |
$520,000 | $1,890,000 |
$201,000 | $711,000 |
| Debt-To-Income Ratio |
146 | $67,662,000 |
$463,000 | $1,690,000 |
$184,000 | $816,000 |
| Employment History |
192 | $103,747,000 |
$540,000 | $1,820,000 |
$212,000 | $921,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
14 | $7,247,000 |
$517,000 | $1,073,000 |
$339,000 | $1,440,000 |
| Mortgage Insurance Denied |
1 | $561,000 |
$561,000 | $561,000 |
$0 | $0 |
| Other |
376 | $190,802,000 |
$507,000 | $2,475,000 |
$226,000 | $5,425,000 |
| Unverifiable Information |
157 | $86,480,000 |
$550,000 | $3,900,000 |
$243,000 | $1,740,000 |
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Mortgage Loan App Totals for METROCITIES MORTGAGE LLC by:
Metropolitan Area And
County
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