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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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PINNACLE DIRECT FUNDING CORPOR
Mortgage Loans and Application Details
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| Mortgage Company Name |
PINNACLE DIRECT FUNDING CORPOR |
| Address | 2611 TECHNOLOGY DRIVE
ORLANDO, FL 32804 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 6,348 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,309,737,000 |
| Average Mortgage Loan Amount Applied For | $179,812 |
| Highest Mortgage Loan Amount Applied For | $1,440,000 |
| Average Applicant Income | $21,124 |
| Highest Applicant Income | $689,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
4,190 | $854,373,000 |
$203,000 | $1,440,000 |
$11,000 | $408,000 |
| Refinancing |
2,158 | $455,364,000 |
$211,000 | $1,100,000 |
$11,000 | $689,000 |
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| American Indian or Alaskan Native |
21 | $4,822,000 |
$229,000 | $410,000 |
$8,000 | $93,000 |
| Asian |
311 | $72,070,000 |
$231,000 | $1,000,000 |
$9,000 | $408,000 |
| Black or African American |
973 | $184,920,000 |
$190,000 | $1,000,000 |
$14,000 | $173,000 |
| Hispanic |
2,228 | $462,937,000 |
$207,000 | $1,440,000 |
$7,000 | $312,000 |
| Native Hawaiin or Other Pacific Islander |
29 | $7,634,000 |
$263,000 | $960,000 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
200 | $38,059,000 |
$190,000 | $607,000 |
$15,000 | $225,000 |
| White |
2,586 | $539,295,000 |
$208,000 | $1,100,000 |
$14,000 | $689,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,348 | $1,309,737,000 |
$206,000 | $1,440,000 |
$11,000 | $689,000 |
| 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 |
70 | $14,175,000 |
$202,000 | $640,000 |
$14,000 | $165,000 |
| Application Denied By Financial Institution |
417 | $85,890,000 |
$205,000 | $1,440,000 |
$22,000 | $474,000 |
| Application Withdrawn By Applicant |
2,088 | $457,585,000 |
$219,000 | $1,000,000 |
$10,000 | $310,000 |
| File Closed For Incompleteness |
103 | $26,996,000 |
$262,000 | $1,100,000 |
$22,000 | $689,000 |
| Loan Originated |
3,644 | $720,157,000 |
$197,000 | $975,000 |
$10,000 | $349,000 |
| Loan Purchased By The Institution |
26 | $4,934,000 |
$189,000 | $412,000 |
$10,000 | $190,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PINNACLE DIRECT FUNDING CORPOR by:
Metropolitan Area And
County
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