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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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MOMENTUM FUNDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
MOMENTUM FUNDING |
| Address | 18111 PRESTON ROAD, SUITE 850
DALLAS, TX 75252 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 479 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $19,095,000 |
| Average Mortgage Loan Amount Applied For | $34,178 |
| Highest Mortgage Loan Amount Applied For | $203,000 |
| Average Applicant Income | $126,535 |
| Highest Applicant Income | $486,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
469 | $18,837,000 |
$40,000 | $203,000 |
$115,000 | $486,000 |
| Refinancing |
10 | $258,000 |
$25,000 | $70,000 |
$86,000 | $141,000 |
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| American Indian or Alaskan Native |
2 | $107,000 |
$53,000 | $64,000 |
$155,000 | $216,000 |
| Asian |
48 | $1,764,000 |
$36,000 | $93,000 |
$89,000 | $150,000 |
| Black or African American |
17 | $791,000 |
$46,000 | $190,000 |
$93,000 | $225,000 |
| Hispanic |
30 | $1,007,000 |
$33,000 | $96,000 |
$103,000 | $486,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $35,000 |
$35,000 | $35,000 |
$142,000 | $142,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
34 | $1,541,000 |
$45,000 | $130,000 |
$133,000 | $300,000 |
| White |
347 | $13,850,000 |
$39,000 | $203,000 |
$118,000 | $394,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
479 | $19,095,000 |
$39,000 | $203,000 |
$114,000 | $486,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
479 | $19,095,000 |
$39,000 | $203,000 |
$114,000 | $486,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MOMENTUM FUNDING by:
Metropolitan Area And
County
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