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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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PARAMOUNT EQUITY MORTGAGE, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
PARAMOUNT EQUITY MORTGAGE, INC |
| Address | 3013 DOUGLAS BOULEVARD STE 220
ROSEVILLE, CA 95661 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,731 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $936,677,000 |
| Average Mortgage Loan Amount Applied For | $269,784 |
| Highest Mortgage Loan Amount Applied For | $1,365,000 |
| Average Applicant Income | $95,493 |
| Highest Applicant Income | $771,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
160 | $32,742,000 |
$204,000 | $682,000 |
$112,000 | $416,000 |
| Refinancing |
3,571 | $903,935,000 |
$253,000 | $1,365,000 |
$85,000 | $771,000 |
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| American Indian or Alaskan Native |
14 | $3,518,000 |
$251,000 | $560,000 |
$123,000 | $594,000 |
| Asian |
62 | $15,553,000 |
$250,000 | $760,000 |
$105,000 | $480,000 |
| Black or African American |
64 | $14,794,000 |
$231,000 | $417,000 |
$80,000 | $193,000 |
| Hispanic |
99 | $27,614,000 |
$278,000 | $1,365,000 |
$81,000 | $300,000 |
| Native Hawaiin or Other Pacific Islander |
21 | $5,717,000 |
$272,000 | $417,000 |
$75,000 | $137,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
702 | $220,171,000 |
$313,000 | $1,100,000 |
$88,000 | $420,000 |
| White |
2,769 | $649,310,000 |
$234,000 | $1,248,000 |
$85,000 | $771,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,731 | $936,677,000 |
$251,000 | $1,365,000 |
$86,000 | $771,000 |
| 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 |
254 | $60,906,000 |
$239,000 | $780,000 |
$85,000 | $336,000 |
| Application Denied By Financial Institution |
67 | $18,214,000 |
$271,000 | $821,000 |
$91,000 | $407,000 |
| Application Withdrawn By Applicant |
15 | $4,005,000 |
$267,000 | $450,000 |
$83,000 | $123,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
3,364 | $844,866,000 |
$251,000 | $1,365,000 |
$86,000 | $771,000 |
| Loan Purchased By The Institution |
31 | $8,686,000 |
$280,000 | $733,000 |
$76,000 | $159,000 |
| 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 |
21 | $6,829,000 |
$325,000 | $821,000 |
$96,000 | $277,000 |
| Credit Application Incomplete |
1 | $90,000 |
$90,000 | $90,000 |
$12,000 | $12,000 |
| Credit History |
8 | $1,986,000 |
$248,000 | $432,000 |
$79,000 | $122,000 |
| Debt-To-Income Ratio |
1 | $470,000 |
$470,000 | $470,000 |
$102,000 | $102,000 |
| Employment History |
3 | $1,004,000 |
$334,000 | $492,000 |
$40,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $396,000 |
$396,000 | $396,000 |
$123,000 | $123,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $920,000 |
$306,000 | $550,000 |
$162,000 | $240,000 |
| Unverifiable Information |
1 | $222,000 |
$222,000 | $222,000 |
$204,000 | $204,000 |
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Mortgage Loan App Totals for PARAMOUNT EQUITY MORTGAGE, INC by:
Metropolitan Area And
County
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