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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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MORTGAGE ASSISTANCE LENDING GR
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE ASSISTANCE LENDING GR |
| Address | 1101 S. WINCHESTER BLVD., STE F165
SAN JOSE, CA 95128 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 35 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $12,719,000 |
| Average Mortgage Loan Amount Applied For | $328,500 |
| Highest Mortgage Loan Amount Applied For | $711,000 |
| Average Applicant Income | $75,750 |
| Highest Applicant Income | $276,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1 | $386,000 |
$386,000 | $386,000 |
$83,000 | $83,000 |
| Refinancing |
34 | $12,333,000 |
$362,000 | $711,000 |
$82,000 | $276,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $322,000 |
$322,000 | $322,000 |
$46,000 | $46,000 |
| Black or African American |
9 | $3,127,000 |
$347,000 | $454,000 |
$84,000 | $154,000 |
| Hispanic |
8 | $2,248,000 |
$281,000 | $425,000 |
$59,000 | $83,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $371,000 |
$371,000 | $371,000 |
$68,000 | $68,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
16 | $6,651,000 |
$415,000 | $711,000 |
$97,000 | $276,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
35 | $12,719,000 |
$363,000 | $711,000 |
$82,000 | $276,000 |
| 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 |
5 | $2,048,000 |
$409,000 | $625,000 |
$130,000 | $276,000 |
| Application Denied By Financial Institution |
4 | $1,481,000 |
$370,000 | $488,000 |
$68,000 | $105,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
26 | $9,190,000 |
$353,000 | $711,000 |
$76,000 | $215,000 |
| 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 |
1 | $478,000 |
$478,000 | $478,000 |
$53,000 | $53,000 |
| 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) |
2 | $858,000 |
$429,000 | $488,000 |
$92,000 | $105,000 |
| 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 MORTGAGE ASSISTANCE LENDING GR by:
Metropolitan Area And
County
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