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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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OCEAN WEST FUNDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
OCEAN WEST FUNDING |
| Address | 15991 RED HILL AVENUE, SUITE 110
TUSTIN, CA 92780 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 2,482 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $423,009,000 |
| Average Mortgage Loan Amount Applied For | $148,818 |
| Highest Mortgage Loan Amount Applied For | $20,080,000 |
| Average Applicant Income | $68,766 |
| Highest Applicant Income | $2,280,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
1,090 | $151,685,000 |
$112,909 | $973,000 |
$72,242 | $2,280,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,392 | $271,324,000 |
$143,783 | $20,080,000 |
$65,189 | $1,020,000 |
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| American Indian or Alaskan Native |
11 | $1,706,000 |
$128,500 | $356,000 |
$76,000 | $182,000 |
| Asian or Pacific Islander |
106 | $25,182,000 |
$164,454 | $1,360,000 |
$73,272 | $384,000 |
| Black |
256 | $33,192,000 |
$120,416 | $708,000 |
$63,666 | $875,000 |
| Hispanic |
624 | $88,621,000 |
$104,105 | $666,000 |
$41,421 | $696,000 |
| Information not provided by applicant in mail or telephone application |
575 | $116,151,000 |
$147,909 | $20,080,000 |
$64,515 | $636,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $685,000 |
$171,250 | $324,000 |
$95,000 | $192,000 |
| White |
906 | $157,472,000 |
$131,314 | $1,313,000 |
$71,114 | $2,280,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,181 | $385,025,000 |
$142,052 | $20,080,000 |
$77,868 | $2,280,000 |
| FHA-insured (Federal Housing Administration) |
301 | $37,984,000 |
$112,608 | $345,000 |
$32,956 | $155,000 |
| 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 |
684 | $110,364,000 |
$141,965 | $796,000 |
$82,344 | $1,731,000 |
| Application Denied By Financial Institution |
356 | $47,498,000 |
$119,206 | $1,100,000 |
$68,517 | $1,020,000 |
| Application Withdrawn By Applicant |
278 | $42,841,000 |
$128,322 | $1,313,000 |
$75,032 | $2,280,000 |
| File Closed For Incompleteness |
168 | $55,272,000 |
$175,333 | $20,080,000 |
$68,142 | $696,000 |
| Loan Originated |
996 | $167,034,000 |
$130,290 | $1,360,000 |
$57,870 | $636,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
42 | $4,860,000 |
$151,666 | $360,000 |
$89,916 | $187,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
78 | $11,754,000 |
$121,058 | $650,000 |
$82,529 | $614,000 |
| Debt-To-Income Ratio |
24 | $2,997,000 |
$111,250 | $284,000 |
$58,666 | $120,000 |
| Employment History |
7 | $607,000 |
$94,000 | $149,000 |
$41,333 | $53,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $70,000 |
$70,000 | $70,000 |
$18,000 | $18,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
101 | $12,519,000 |
$107,428 | $961,000 |
$50,619 | $444,000 |
| Unverifiable Information |
6 | $849,000 |
$135,500 | $456,000 |
$69,000 | $204,000 |
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Mortgage Loan App Totals for OCEAN WEST FUNDING by:
Metropolitan Area And
County
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