|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
PAN AMERICAN FINANCIAL CORP.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
PAN AMERICAN FINANCIAL CORP. |
| Address | 1505 F.D. ROOSEVELT, SUITE 201
GUAYNABO, PR 00968 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 795 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $99,867,000 |
| Average Mortgage Loan Amount Applied For | $111,625 |
| Highest Mortgage Loan Amount Applied For | $1,852,000 |
| Average Applicant Income | $56,500 |
| Highest Applicant Income | $960,000 |
|
|
|
| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
607 | $73,026,000 |
$120,000 | $1,852,000 |
$51,000 | $960,000 |
| Refinancing |
188 | $26,841,000 |
$142,000 | $900,000 |
$58,000 | $360,000 |
|
|
| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
476 | $60,262,000 |
$126,000 | $1,852,000 |
$59,000 | $960,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
314 | $38,950,000 |
$124,000 | $900,000 |
$45,000 | $309,000 |
| White |
5 | $655,000 |
$131,000 | $198,000 |
$47,000 | $88,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
352 | $50,653,000 |
$143,000 | $1,852,000 |
$68,000 | $960,000 |
| FHA-insured (Federal Housing Administration) |
414 | $45,987,000 |
$111,000 | $253,000 |
$38,000 | $140,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
26 | $2,785,000 |
$107,000 | $233,000 |
$41,000 | $96,000 |
| VA-guaranteed (Veterans Administration) |
3 | $442,000 |
$147,000 | $290,000 |
$66,000 | $89,000 |
|
|
| Application Approved But Not Accepted |
31 | $3,554,000 |
$114,000 | $326,000 |
$49,000 | $98,000 |
| Application Denied By Financial Institution |
78 | $10,064,000 |
$129,000 | $900,000 |
$49,000 | $328,000 |
| Application Withdrawn By Applicant |
247 | $32,424,000 |
$131,000 | $1,852,000 |
$58,000 | $960,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
439 | $53,825,000 |
$122,000 | $860,000 |
$52,000 | $338,000 |
| 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 |
|
|
| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
69 | $9,118,000 |
$132,000 | $900,000 |
$51,000 | $328,000 |
| Credit History |
3 | $265,000 |
$88,000 | $95,000 |
$31,000 | $41,000 |
| Debt-To-Income Ratio |
2 | $190,000 |
$95,000 | $114,000 |
$48,000 | $85,000 |
| Employment History |
1 | $113,000 |
$113,000 | $113,000 |
$39,000 | $39,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $160,000 |
$160,000 | $160,000 |
$46,000 | $46,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $218,000 |
$109,000 | $124,000 |
$31,000 | $39,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
Mortgage Loan App Totals for PAN AMERICAN FINANCIAL CORP. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
