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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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NEWWEST MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
NEWWEST MORTGAGE COMPANY |
| Address | 8255 FIRESTONE BLVD, SUITE 101
DOWNEY, CA 90241 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| Data Years (click a year for detail) | 2003 |
| Total Number of Mortgage Loan Applications Processed | 951 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $185,373,000 |
| Average Mortgage Loan Amount Applied For | $184,026 |
| Highest Mortgage Loan Amount Applied For | $872,000 |
| Average Applicant Income | $60,828 |
| Highest Applicant Income | $734,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
112 | $23,501,000 |
$205,250 | $548,000 |
$93,750 | $734,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
1 | $172,000 |
$172,000 | $172,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
846 | $163,101,000 |
$182,500 | $872,000 |
$43,500 | $429,000 |
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| American Indian or Alaskan Native |
1 | $207,000 |
$207,000 | $207,000 |
$73,000 | $73,000 |
| Asian or Pacific Islander |
73 | $15,924,000 |
$201,500 | $400,000 |
$57,000 | $146,000 |
| Black |
33 | $5,810,000 |
$166,666 | $280,000 |
$26,666 | $80,000 |
| Hispanic |
271 | $46,646,000 |
$155,500 | $585,000 |
$23,500 | $155,000 |
| Information not provided by applicant in mail or telephone application |
136 | $29,773,000 |
$200,000 | $628,000 |
$82,750 | $734,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
10 | $2,805,000 |
$280,000 | $872,000 |
$112,000 | $234,000 |
| White |
435 | $85,609,000 |
$187,250 | $471,000 |
$51,000 | $429,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
708 | $146,041,000 |
$197,200 | $872,000 |
$96,200 | $734,000 |
| FHA-insured (Federal Housing Administration) |
200 | $32,361,000 |
$166,500 | $325,000 |
$16,750 | $123,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
51 | $8,372,000 |
$150,000 | $284,000 |
$3,000 | $139,000 |
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| Application Approved But Not Accepted |
6 | $1,039,000 |
$147,000 | $260,000 |
$49,000 | $112,000 |
| Application Denied By Financial Institution |
45 | $7,580,000 |
$153,000 | $325,000 |
$8,000 | $96,000 |
| Application Withdrawn By Applicant |
278 | $55,485,000 |
$189,250 | $628,000 |
$35,500 | $429,000 |
| File Closed For Incompleteness |
3 | $443,000 |
$147,666 | $177,000 |
$20,000 | $31,000 |
| Loan Originated |
627 | $122,227,000 |
$186,800 | $872,000 |
$72,000 | $734,000 |
| Loan Purchased By The 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 |
2 | $178,000 |
$89,000 | $144,000 |
$25,500 | $51,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $98,000 |
$98,000 | $98,000 |
$53,000 | $53,000 |
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Mortgage Loan App Totals for NEWWEST MORTGAGE COMPANY by:
Metropolitan Area And
County
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