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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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OWNIT MORTGAGE SOLUTIONS, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
OWNIT MORTGAGE SOLUTIONS, INC |
| Address | 27349 AGOURA RD # 100
AGOURA HILLS, CA 91301 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 67,381 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $9,668,306,000 |
| Average Mortgage Loan Amount Applied For | $101,988 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $63,840 |
| Highest Applicant Income | $1,999,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
79,690 | $11,370,635,000 |
$115,775 | $1,007,000 |
$78,825 | $1,999,000 |
| Refinancing |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| American Indian or Alaskan Native |
146 | $21,762,000 |
$126,117 | $820,000 |
$100,294 | $632,000 |
| Asian |
1,256 | $264,882,000 |
$131,789 | $1,007,000 |
$86,684 | $1,703,000 |
| Black or African American |
2,850 | $351,628,000 |
$114,518 | $875,000 |
$90,666 | $1,520,000 |
| Hispanic |
6,566 | $1,123,132,000 |
$95,560 | $800,000 |
$80,160 | $1,999,000 |
| Native Hawaiin or Other Pacific Islander |
675 | $99,587,000 |
$103,782 | $739,000 |
$67,695 | $821,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
52,792 | $7,522,249,000 |
$118,236 | $1,000,000 |
$70,894 | $1,999,000 |
| White |
15,405 | $1,987,395,000 |
$120,064 | $1,000,000 |
$83,354 | $1,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
79,686 | $11,370,369,000 |
$115,775 | $1,007,000 |
$78,850 | $1,999,000 |
| 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) |
4 | $266,000 |
$66,500 | $109,000 |
$37,000 | $48,000 |
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| Application Approved But Not Accepted |
3,297 | $370,109,000 |
$119,818 | $1,000,000 |
$67,545 | $1,060,000 |
| Application Denied By Financial Institution |
8,040 | $1,117,727,000 |
$118,342 | $1,000,000 |
$77,628 | $1,441,000 |
| Application Withdrawn By Applicant |
7,001 | $1,055,874,000 |
$123,060 | $1,007,000 |
$82,545 | $1,311,000 |
| File Closed For Incompleteness |
2,595 | $325,803,000 |
$111,866 | $799,000 |
$86,400 | $1,140,000 |
| Loan Originated |
57,501 | $8,291,890,000 |
$112,621 | $998,000 |
$67,270 | $1,999,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
7 | $509,000 |
$73,800 | $140,000 |
$58,000 | $250,000 |
| Preapproval Denied by Financial Institution |
1,249 | $208,723,000 |
$129,086 | $784,000 |
$105,869 | $574,000 |
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| Collateral |
900 | $114,380,000 |
$112,866 | $1,000,000 |
$86,633 | $1,441,000 |
| Credit Application Incomplete |
32 | $4,651,000 |
$96,272 | $407,000 |
$73,818 | $250,000 |
| Credit History |
1,310 | $174,167,000 |
$116,413 | $910,000 |
$79,482 | $819,000 |
| Debt-To-Income Ratio |
1,262 | $170,371,000 |
$114,400 | $770,000 |
$67,433 | $466,000 |
| Employment History |
228 | $29,054,000 |
$122,360 | $529,000 |
$67,520 | $275,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
8 | $975,000 |
$143,000 | $255,000 |
$51,800 | $118,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2,905 | $452,475,000 |
$119,466 | $1,000,000 |
$85,333 | $1,176,000 |
| Unverifiable Information |
136 | $20,329,000 |
$128,333 | $576,000 |
$112,476 | $615,000 |
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Mortgage Loan App Totals for OWNIT MORTGAGE SOLUTIONS, INC by:
Metropolitan Area And
County
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