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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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MOUNTAIN WEST FINANCIAL, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MOUNTAIN WEST FINANCIAL, INC. |
| Address | 1209 NEVADA STREET #200
REDLANDS, CA 92374 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,226 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $757,124,000 |
| Average Mortgage Loan Amount Applied For | $226,727 |
| Highest Mortgage Loan Amount Applied For | $3,114,000 |
| Average Applicant Income | $99,590 |
| Highest Applicant Income | $1,800,000 |
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| Home Improvement |
3 | $399,000 |
$133,000 | $166,000 |
$80,000 | $128,000 |
| Home Purchase |
1,329 | $272,354,000 |
$204,000 | $1,323,000 |
$103,000 | $1,020,000 |
| Refinancing |
1,894 | $484,371,000 |
$255,000 | $3,114,000 |
$102,000 | $1,800,000 |
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| American Indian or Alaskan Native |
5 | $1,492,000 |
$298,000 | $464,000 |
$274,000 | $805,000 |
| Asian |
66 | $15,221,000 |
$230,000 | $650,000 |
$129,000 | $888,000 |
| Black or African American |
157 | $38,499,000 |
$245,000 | $799,000 |
$100,000 | $331,000 |
| Hispanic |
1,116 | $244,519,000 |
$219,000 | $700,000 |
$87,000 | $1,068,000 |
| Native Hawaiin or Other Pacific Islander |
18 | $4,823,000 |
$267,000 | $530,000 |
$178,000 | $601,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
222 | $52,411,000 |
$236,000 | $971,000 |
$105,000 | $660,000 |
| White |
1,642 | $400,159,000 |
$243,000 | $3,114,000 |
$111,000 | $1,800,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,021 | $713,686,000 |
$236,000 | $3,114,000 |
$105,000 | $1,800,000 |
| FHA-insured (Federal Housing Administration) |
201 | $42,294,000 |
$210,000 | $368,000 |
$64,000 | $148,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $1,144,000 |
$286,000 | $380,000 |
$93,000 | $163,000 |
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| Application Approved But Not Accepted |
342 | $80,398,000 |
$235,000 | $1,323,000 |
$106,000 | $624,000 |
| Application Denied By Financial Institution |
277 | $72,084,000 |
$260,000 | $3,114,000 |
$123,000 | $1,800,000 |
| Application Withdrawn By Applicant |
362 | $88,918,000 |
$245,000 | $1,240,000 |
$89,000 | $1,068,000 |
| File Closed For Incompleteness |
103 | $25,793,000 |
$250,000 | $950,000 |
$123,000 | $564,000 |
| Loan Originated |
2,142 | $489,931,000 |
$228,000 | $2,000,000 |
$100,000 | $900,000 |
| 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 |
23 | $8,709,000 |
$378,000 | $1,500,000 |
$105,000 | $443,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
75 | $21,528,000 |
$287,000 | $2,900,000 |
$162,000 | $1,020,000 |
| Debt-To-Income Ratio |
33 | $7,773,000 |
$235,000 | $464,000 |
$86,000 | $208,000 |
| Employment History |
3 | $667,000 |
$222,000 | $314,000 |
$94,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $566,000 |
$188,000 | $301,000 |
$75,000 | $86,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
25 | $7,317,000 |
$292,000 | $3,114,000 |
$221,000 | $1,800,000 |
| Unverifiable Information |
5 | $1,286,000 |
$257,000 | $500,000 |
$109,000 | $150,000 |
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Mortgage Loan App Totals for MOUNTAIN WEST FINANCIAL, INC. by:
Metropolitan Area And
County
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