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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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OPTIMUM MORTGAGE SERVICES INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
OPTIMUM MORTGAGE SERVICES INC. |
| Address | 1720 S BELLAIRE ST
DENVER, CO 80222 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2004 |
| Total Number of Mortgage Loan Applications Processed | 141 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $23,823,000 |
| Average Mortgage Loan Amount Applied For | $169,769 |
| Highest Mortgage Loan Amount Applied For | $266,000 |
| Average Applicant Income | $8,384 |
| Highest Applicant Income | $243,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
2 | $287,000 |
$143,000 | $155,000 |
$137,000 | $243,000 |
| Refinancing |
140 | $23,886,000 |
$235,333 | $350,000 |
$9,000 | $103,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $326,000 |
$163,000 | $201,000 |
$0 | $0 |
| Black or African American |
7 | $1,230,000 |
$175,000 | $266,000 |
$0 | $0 |
| Hispanic |
26 | $4,126,000 |
$158,000 | $207,000 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
1 | $209,000 |
$209,000 | $209,000 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
12 | $2,130,000 |
$170,500 | $240,000 |
$0 | $0 |
| White |
94 | $16,152,000 |
$238,666 | $350,000 |
$13,666 | $243,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1 | $350,000 |
$350,000 | $350,000 |
$25,000 | $25,000 |
| FHA-insured (Federal Housing Administration) |
141 | $23,823,000 |
$178,000 | $266,000 |
$4,000 | $243,000 |
| 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 |
2 | $294,000 |
$147,000 | $157,000 |
$0 | $0 |
| Application Denied By Financial Institution |
8 | $1,594,000 |
$182,000 | $232,000 |
$0 | $0 |
| Application Withdrawn By Applicant |
131 | $21,935,000 |
$182,000 | $266,000 |
$5,000 | $243,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1 | $350,000 |
$350,000 | $350,000 |
$25,000 | $25,000 |
| 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 |
1 | $198,000 |
$198,000 | $198,000 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $963,000 |
$180,000 | $220,000 |
$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) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $433,000 |
$216,000 | $232,000 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for OPTIMUM MORTGAGE SERVICES INC. by:
Metropolitan Area And
County
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