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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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NATIONWIDE ADVANTAGE MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
NATIONWIDE ADVANTAGE MORTGAGE |
| Address | 7760 OFFICE PLAZA DRIVE SOUTH
WEST DES MOINES, IA 50266 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 14,243 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,971,774,000 |
| Average Mortgage Loan Amount Applied For | $122,186 |
| Highest Mortgage Loan Amount Applied For | $1,706,000 |
| Average Applicant Income | $48,587 |
| Highest Applicant Income | $5,275,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
10,549 | $1,472,180,000 |
$139,000 | $89,997,000 |
$47,000 | $2,684,000 |
| Refinancing |
6,973 | $992,567,000 |
$142,000 | $1,350,000 |
$55,000 | $5,275,000 |
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| American Indian or Alaskan Native |
108 | $12,613,000 |
$116,000 | $400,000 |
$45,000 | $240,000 |
| Asian |
228 | $42,073,000 |
$184,000 | $800,000 |
$68,000 | $1,256,000 |
| Black or African American |
2,191 | $282,327,000 |
$128,000 | $1,350,000 |
$45,000 | $850,000 |
| Hispanic |
1,425 | $203,524,000 |
$142,000 | $604,000 |
$40,000 | $252,000 |
| Native Hawaiin or Other Pacific Islander |
51 | $8,272,000 |
$162,000 | $400,000 |
$69,000 | $500,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,596 | $312,259,000 |
$195,000 | $89,997,000 |
$53,000 | $576,000 |
| White |
11,923 | $1,603,679,000 |
$134,000 | $7,000,000 |
$52,000 | $5,275,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
14,278 | $2,022,703,000 |
$141,000 | $89,997,000 |
$57,000 | $5,275,000 |
| FHA-insured (Federal Housing Administration) |
2,505 | $331,756,000 |
$132,000 | $604,000 |
$19,000 | $341,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
125 | $9,627,000 |
$77,000 | $192,000 |
$17,000 | $235,000 |
| VA-guaranteed (Veterans Administration) |
614 | $100,661,000 |
$163,000 | $417,000 |
$30,000 | $166,000 |
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| Application Approved But Not Accepted |
326 | $43,595,000 |
$133,000 | $650,000 |
$28,000 | $240,000 |
| Application Denied By Financial Institution |
6,132 | $847,517,000 |
$138,000 | $89,997,000 |
$43,000 | $584,000 |
| Application Withdrawn By Applicant |
1,235 | $187,249,000 |
$151,000 | $1,000,000 |
$64,000 | $850,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
5,486 | $804,240,000 |
$146,000 | $785,000 |
$70,000 | $5,275,000 |
| Loan Purchased By The Institution |
4,343 | $582,146,000 |
$134,000 | $604,000 |
$34,000 | $2,684,000 |
| 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 |
264 | $33,727,000 |
$127,000 | $775,000 |
$57,000 | $584,000 |
| Credit Application Incomplete |
27 | $4,408,000 |
$163,000 | $419,000 |
$53,000 | $101,000 |
| Credit History |
3,963 | $453,143,000 |
$114,000 | $1,706,000 |
$41,000 | $576,000 |
| Debt-To-Income Ratio |
654 | $97,206,000 |
$148,000 | $600,000 |
$40,000 | $240,000 |
| Employment History |
7 | $1,048,000 |
$149,000 | $200,000 |
$26,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
193 | $113,062,000 |
$585,000 | $89,997,000 |
$43,000 | $200,000 |
| Mortgage Insurance Denied |
1 | $119,000 |
$119,000 | $119,000 |
$40,000 | $40,000 |
| Other |
598 | $86,817,000 |
$145,000 | $1,350,000 |
$59,000 | $546,000 |
| Unverifiable Information |
11 | $1,518,000 |
$138,000 | $243,000 |
$53,000 | $235,000 |
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Mortgage Loan App Totals for NATIONWIDE ADVANTAGE MORTGAGE by:
Metropolitan Area And
County
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