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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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OPTIMA MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
OPTIMA MORTGAGE |
| Address | 15941 REDHILL AVENUE
TUSTIN, CA 92780 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,795 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $418,914,000 |
| Average Mortgage Loan Amount Applied For | $204,240 |
| Highest Mortgage Loan Amount Applied For | $4,050,000 |
| Average Applicant Income | $63,568 |
| Highest Applicant Income | $1,200,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
168 | $47,199,000 |
$280,000 | $1,200,000 |
$80,000 | $696,000 |
| Refinancing |
1,632 | $372,732,000 |
$228,000 | $4,050,000 |
$70,000 | $1,200,000 |
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| American Indian or Alaskan Native |
2 | $316,000 |
$158,000 | $203,000 |
$23,000 | $36,000 |
| Asian |
25 | $8,193,000 |
$327,000 | $1,000,000 |
$114,000 | $696,000 |
| Black or African American |
120 | $21,747,000 |
$181,000 | $625,000 |
$60,000 | $201,000 |
| Hispanic |
156 | $45,498,000 |
$291,000 | $940,000 |
$82,000 | $480,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $2,739,000 |
$342,000 | $624,000 |
$86,000 | $170,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
603 | $132,579,000 |
$219,000 | $3,000,000 |
$54,000 | $564,000 |
| White |
886 | $208,859,000 |
$235,000 | $4,050,000 |
$81,000 | $1,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,800 | $419,931,000 |
$233,000 | $4,050,000 |
$71,000 | $1,200,000 |
| 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 |
2 | $408,000 |
$204,000 | $293,000 |
$32,000 | $38,000 |
| Application Denied By Financial Institution |
760 | $157,550,000 |
$207,000 | $4,050,000 |
$60,000 | $1,200,000 |
| Application Withdrawn By Applicant |
830 | $197,839,000 |
$238,000 | $3,000,000 |
$70,000 | $564,000 |
| File Closed For Incompleteness |
3 | $733,000 |
$244,000 | $338,000 |
$67,000 | $96,000 |
| Loan Originated |
205 | $63,401,000 |
$309,000 | $1,500,000 |
$118,000 | $696,000 |
| 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 |
115 | $26,082,000 |
$226,000 | $4,050,000 |
$74,000 | $1,090,000 |
| Credit Application Incomplete |
26 | $5,833,000 |
$224,000 | $520,000 |
$49,000 | $135,000 |
| Credit History |
338 | $67,855,000 |
$200,000 | $1,000,000 |
$52,000 | $1,200,000 |
| Debt-To-Income Ratio |
42 | $10,354,000 |
$246,000 | $608,000 |
$62,000 | $174,000 |
| Employment History |
9 | $1,923,000 |
$213,000 | $375,000 |
$70,000 | $112,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
47 | $9,268,000 |
$197,000 | $615,000 |
$70,000 | $350,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
135 | $25,696,000 |
$190,000 | $709,000 |
$65,000 | $480,000 |
| Unverifiable Information |
30 | $6,182,000 |
$206,000 | $576,000 |
$55,000 | $162,000 |
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Mortgage Loan App Totals for OPTIMA MORTGAGE by:
Metropolitan Area And
County
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