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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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OPES ADVISORS, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
OPES ADVISORS, INC. |
| Address | 555 COLLEGE AVE
PALO ALTO, CA 94306 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 507 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $285,513,000 |
| Average Mortgage Loan Amount Applied For | $407,631 |
| Highest Mortgage Loan Amount Applied For | $2,250,000 |
| Average Applicant Income | $159,552 |
| Highest Applicant Income | $2,487,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
274 | $159,679,000 |
$582,000 | $2,000,000 |
$179,000 | $1,340,000 |
| Refinancing |
233 | $125,834,000 |
$540,000 | $2,250,000 |
$175,000 | $2,487,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
45 | $22,736,000 |
$505,000 | $1,799,000 |
$117,000 | $420,000 |
| Black or African American |
3 | $1,389,000 |
$463,000 | $879,000 |
$0 | $0 |
| Hispanic |
19 | $6,596,000 |
$347,000 | $932,000 |
$123,000 | $282,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $300,000 |
$300,000 | $300,000 |
$59,000 | $59,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
44 | $23,994,000 |
$545,000 | $1,350,000 |
$150,000 | $922,000 |
| White |
395 | $230,498,000 |
$583,000 | $2,250,000 |
$191,000 | $2,487,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
507 | $285,513,000 |
$563,000 | $2,250,000 |
$177,000 | $2,487,000 |
| 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 |
38 | $20,998,000 |
$552,000 | $2,250,000 |
$139,000 | $486,000 |
| Application Denied By Financial Institution |
7 | $2,814,000 |
$402,000 | $1,271,000 |
$162,000 | $480,000 |
| Application Withdrawn By Applicant |
46 | $22,446,000 |
$487,000 | $1,628,000 |
$154,000 | $671,000 |
| File Closed For Incompleteness |
1 | $800,000 |
$800,000 | $800,000 |
$336,000 | $336,000 |
| Loan Originated |
415 | $238,455,000 |
$574,000 | $2,000,000 |
$183,000 | $2,487,000 |
| 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 |
2 | $680,000 |
$340,000 | $544,000 |
$201,000 | $201,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $395,000 |
$395,000 | $395,000 |
$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) |
2 | $187,000 |
$93,000 | $100,000 |
$128,000 | $156,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $1,552,000 |
$776,000 | $1,271,000 |
$240,000 | $480,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for OPES ADVISORS, INC. by:
Metropolitan Area And
County
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