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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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OPTION ONE MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
OPTION ONE MORTGAGE CORP |
| Address | 3 ADA
IRVINE, CA 92618 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 258,138 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $53,268,142,000 |
| Average Mortgage Loan Amount Applied For | $131,179 |
| Highest Mortgage Loan Amount Applied For | $2,950,000 |
| Average Applicant Income | $65,405 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
6,060 | $1,558,828,000 |
$257,000 | $1,600,000 |
$94,000 | $9,999,000 |
| Home Purchase |
124,547 | $19,439,237,000 |
$156,000 | $2,400,000 |
$87,000 | $9,999,000 |
| Refinancing |
133,681 | $33,011,933,000 |
$246,000 | $2,950,000 |
$88,000 | $7,372,000 |
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| American Indian or Alaskan Native |
903 | $184,868,000 |
$204,000 | $1,280,000 |
$100,000 | $2,400,000 |
| Asian |
5,729 | $1,890,725,000 |
$330,000 | $2,380,000 |
$137,000 | $4,823,000 |
| Black or African American |
51,371 | $9,070,432,000 |
$176,000 | $2,550,000 |
$82,000 | $9,999,000 |
| Hispanic |
38,180 | $8,601,087,000 |
$225,000 | $2,171,000 |
$93,000 | $6,305,000 |
| Native Hawaiin or Other Pacific Islander |
1,596 | $510,177,000 |
$319,000 | $2,097,000 |
$114,000 | $1,796,000 |
| Not applicable |
15,989 | $3,205,413,000 |
$200,000 | $1,400,000 |
$0 | $0 |
| Not Provided |
27,486 | $6,494,131,000 |
$236,000 | $2,486,000 |
$96,000 | $7,372,000 |
| White |
123,034 | $24,053,165,000 |
$195,000 | $2,950,000 |
$95,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
264,288 | $54,009,998,000 |
$204,000 | $2,950,000 |
$88,000 | $9,999,000 |
| 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 |
37,133 | $7,572,751,000 |
$203,000 | $2,000,000 |
$97,000 | $9,999,000 |
| Application Denied By Financial Institution |
76,231 | $16,416,418,000 |
$215,000 | $2,950,000 |
$96,000 | $9,999,000 |
| Application Withdrawn By Applicant |
1,562 | $331,755,000 |
$212,000 | $1,534,000 |
$103,000 | $2,880,000 |
| File Closed For Incompleteness |
1,354 | $304,052,000 |
$224,000 | $1,644,000 |
$110,000 | $2,429,000 |
| Loan Originated |
125,869 | $25,437,753,000 |
$202,000 | $2,486,000 |
$92,000 | $9,999,000 |
| Loan Purchased By The Institution |
15,989 | $3,205,413,000 |
$200,000 | $1,400,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
3,447 | $412,377,000 |
$119,000 | $1,500,000 |
$68,000 | $1,136,000 |
| Preapproval Denied by Financial Institution |
2,703 | $329,479,000 |
$121,000 | $1,138,000 |
$61,000 | $1,440,000 |
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| Collateral |
4,819 | $1,045,674,000 |
$216,000 | $2,950,000 |
$108,000 | $2,515,000 |
| Credit Application Incomplete |
126 | $32,404,000 |
$257,000 | $1,200,000 |
$118,000 | $533,000 |
| Credit History |
1,759 | $328,304,000 |
$186,000 | $1,890,000 |
$81,000 | $2,508,000 |
| Debt-To-Income Ratio |
5,151 | $1,031,872,000 |
$200,000 | $1,492,000 |
$75,000 | $1,305,000 |
| Employment History |
154 | $28,127,000 |
$182,000 | $734,000 |
$70,000 | $299,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
465 | $97,475,000 |
$209,000 | $1,688,000 |
$93,000 | $961,000 |
| Mortgage Insurance Denied |
19 | $4,439,000 |
$233,000 | $532,000 |
$116,000 | $273,000 |
| Other |
64,273 | $13,665,604,000 |
$212,000 | $2,750,000 |
$96,000 | $9,999,000 |
| Unverifiable Information |
2,168 | $511,998,000 |
$236,000 | $1,500,000 |
$104,000 | $3,056,000 |
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Mortgage Loan App Totals for OPTION ONE MORTGAGE CORP by:
Metropolitan Area And
County
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