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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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NOVELLE FINANCIAL SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
NOVELLE FINANCIAL SERVICES |
| Address | 15050 AVENUE OF SCIENCE # 101
SAN DIEGO, CA 92128 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 6,041 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $990,390,000 |
| Average Mortgage Loan Amount Applied For | $138,955 |
| Highest Mortgage Loan Amount Applied For | $675,000 |
| Average Applicant Income | $70,065 |
| Highest Applicant Income | $9,866,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
1,361 | $214,342,000 |
$137,634 | $588,000 |
$58,000 | $9,866,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
1 | $114,000 |
$114,000 | $114,000 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
4,679 | $775,934,000 |
$144,066 | $675,000 |
$89,511 | $3,500,000 |
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| American Indian or Alaskan Native |
24 | $3,584,000 |
$160,300 | $306,000 |
$56,000 | $110,000 |
| Asian or Pacific Islander |
227 | $53,598,000 |
$179,400 | $650,000 |
$71,300 | $999,000 |
| Black |
724 | $92,912,000 |
$138,096 | $604,000 |
$56,387 | $891,000 |
| Hispanic |
643 | $107,864,000 |
$141,066 | $620,000 |
$50,466 | $900,000 |
| Information not provided by applicant in mail or telephone application |
1,153 | $188,764,000 |
$147,926 | $632,000 |
$106,780 | $3,500,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
45 | $9,776,000 |
$230,812 | $548,000 |
$83,312 | $300,000 |
| White |
3,225 | $533,892,000 |
$147,045 | $675,000 |
$71,409 | $9,866,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,041 | $990,390,000 |
$141,288 | $675,000 |
$77,955 | $9,866,000 |
| 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 |
170 | $29,918,000 |
$166,400 | $632,000 |
$62,680 | $322,000 |
| Application Denied By Financial Institution |
1,406 | $209,098,000 |
$144,309 | $675,000 |
$93,261 | $3,500,000 |
| Application Withdrawn By Applicant |
1,117 | $185,413,000 |
$149,625 | $650,000 |
$65,075 | $9,866,000 |
| File Closed For Incompleteness |
386 | $67,746,000 |
$167,514 | $600,000 |
$78,400 | $644,000 |
| Loan Originated |
2,962 | $498,215,000 |
$139,023 | $650,000 |
$65,651 | $3,060,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for NOVELLE FINANCIAL SERVICES by:
Metropolitan Area And
County
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