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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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MORTGAGETREE LENDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGETREE LENDING |
| Address | 100 POPLAR AVENUE
MODESTO, CA 95354 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,330 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $654,751,000 |
| Average Mortgage Loan Amount Applied For | $176,844 |
| Highest Mortgage Loan Amount Applied For | $1,400,000 |
| Average Applicant Income | $78,589 |
| Highest Applicant Income | $1,830,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,573 | $275,966,000 |
$175,000 | $999,000 |
$83,000 | $540,000 |
| Refinancing |
1,757 | $378,785,000 |
$215,000 | $1,400,000 |
$83,000 | $1,830,000 |
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| American Indian or Alaskan Native |
13 | $2,400,000 |
$184,000 | $520,000 |
$84,000 | $165,000 |
| Asian |
55 | $12,287,000 |
$223,000 | $825,000 |
$123,000 | $360,000 |
| Black or African American |
331 | $48,569,000 |
$146,000 | $750,000 |
$65,000 | $545,000 |
| Hispanic |
800 | $172,049,000 |
$215,000 | $999,000 |
$79,000 | $1,800,000 |
| Native Hawaiin or Other Pacific Islander |
14 | $3,641,000 |
$260,000 | $700,000 |
$69,000 | $228,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
245 | $47,269,000 |
$192,000 | $850,000 |
$75,000 | $372,000 |
| White |
1,872 | $368,536,000 |
$196,000 | $1,400,000 |
$87,000 | $1,830,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,792 | $580,811,000 |
$208,000 | $1,400,000 |
$89,000 | $1,830,000 |
| FHA-insured (Federal Housing Administration) |
501 | $66,999,000 |
$133,000 | $368,000 |
$51,000 | $160,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
37 | $6,941,000 |
$187,000 | $351,000 |
$66,000 | $148,000 |
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| Application Approved But Not Accepted |
253 | $48,648,000 |
$192,000 | $845,000 |
$93,000 | $545,000 |
| Application Denied By Financial Institution |
83 | $16,403,000 |
$197,000 | $919,000 |
$89,000 | $468,000 |
| Application Withdrawn By Applicant |
275 | $57,961,000 |
$210,000 | $1,400,000 |
$85,000 | $574,000 |
| File Closed For Incompleteness |
80 | $12,925,000 |
$161,000 | $992,000 |
$76,000 | $389,000 |
| Loan Originated |
2,639 | $518,814,000 |
$196,000 | $1,000,000 |
$81,000 | $1,830,000 |
| 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 | $480,000 |
$480,000 | $480,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
8 | $1,892,000 |
$236,000 | $919,000 |
$77,000 | $250,000 |
| Debt-To-Income Ratio |
3 | $487,000 |
$162,000 | $300,000 |
$62,000 | $112,000 |
| 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 |
2 | $48,000 |
$24,000 | $26,000 |
$0 | $0 |
| Unverifiable Information |
2 | $282,000 |
$141,000 | $183,000 |
$68,000 | $71,000 |
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Mortgage Loan App Totals for MORTGAGETREE LENDING by:
Metropolitan Area And
County
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