AllMortgageDetail - Mortgage Application Details

Paul Financial Llc
Mortgage Loan Application
Totals and Details
for 2007

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Mortgage Company & Address Paul Financial Llc
1401 Los Gamos Dr
San Rafael, CA 94903
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 7,449
Total Mortgage Loan Application Amount $3,104,691,000
Average Mortgage Loan Application Amount $344,098
Highest Mortgage Loan Application Amount $7,000,000
Average Applicant Income $130,456
Highest Applicant Income $2,988,000

Mortgage Loan Application Detail Totals for Paul Financial Llc in 2007

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Improvement 2,985 $1,204,472,000 $403,000 $7,000,000 $148,000 $1,440,000
Refinancing 2,691 $1,201,303,000 $446,000 $6,700,000 $141,000 $2,988,000
Home Purchase 1,835 $722,753,000 $393,000 $3,000,000 $166,000 $1,380,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 2,973 $1,327,807,000 $446,000 $7,000,000 $165,000 $2,160,000
Not Provided 2,093 $863,192,000 $412,000 $1,948,000 $138,000 $1,740,000
Hispanic 1,309 $462,915,000 $353,000 $1,800,000 $128,000 $744,000
Asian 590 $258,914,000 $438,000 $1,502,000 $177,000 $940,000
Black or African American 365 $139,337,000 $381,000 $1,760,000 $128,000 $2,988,000
Native Hawaiin or Other Pacific Islander 152 $65,538,000 $431,000 $1,000,000 $139,000 $670,000
American Indian or Alaskan Native 29 $10,825,000 $373,000 $1,000,000 $148,000 $336,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 7,509 $3,127,573,000 $416,000 $7,000,000 $150,000 $2,988,000
FHA-insured (Federal Housing Administration) 2 $955,000 $477,000 $563,000 $171,000 $228,000
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

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 2,496 $986,542,000 $395,000 $1,855,000 $139,000 $1,740,000
Application Approved But Not Accepted 2,304 $907,835,000 $394,000 $7,000,000 $151,000 $1,440,000
Application Denied By Financial Institution 1,710 $743,466,000 $434,000 $6,700,000 $162,000 $2,988,000
Application Withdrawn By Applicant 999 $490,206,000 $490,000 $5,730,000 $154,000 $1,740,000
Preapproval Denied by Financial Institution 2 $479,000 $239,000 $369,000 $126,000 $253,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Other 578 $250,901,000 $434,000 $1,925,000 $157,000 $797,000
Credit History 417 $164,905,000 $395,000 $1,500,000 $138,000 $1,092,000
Debt-To-Income Ratio 242 $108,264,000 $447,000 $1,925,000 $168,000 $825,000
Collateral 231 $109,709,000 $474,000 $6,700,000 $192,000 $2,988,000
Unverifiable Information 151 $68,744,000 $455,000 $1,200,000 $163,000 $1,380,000
Employment History 38 $15,469,000 $407,000 $1,000,000 $188,000 $1,148,000
Insufficient Cash (Downpayment, Closing Cost) 9 $4,156,000 $461,000 $943,000 $164,000 $310,000
Credit Application Incomplete 3 $1,410,000 $470,000 $650,000 $79,000 $156,000
Mortgage Insurance Denied 2 $616,000 $308,000 $393,000 $84,000 $103,000