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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 MORTGAGE GROUP
Mortgage Loans and Application Details
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| Mortgage Company Name |
PINNACLE MORTGAGE GROUP |
| Address | 7220 W. JEFFERSON AVENUE #100
LAKEWOOD, CO 80235 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,855 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,211,960,000 |
| Average Mortgage Loan Amount Applied For | $189,162 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $89,752 |
| Highest Applicant Income | $2,026,000 |
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| Home Improvement |
1 | $183,000 |
$183,000 | $183,000 |
$84,000 | $84,000 |
| Home Purchase |
2,567 | $479,261,000 |
$186,000 | $1,921,000 |
$97,000 | $2,026,000 |
| Refinancing |
3,287 | $732,516,000 |
$222,000 | $3,000,000 |
$90,000 | $1,584,000 |
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| American Indian or Alaskan Native |
32 | $5,504,000 |
$172,000 | $479,000 |
$90,000 | $232,000 |
| Asian |
251 | $65,738,000 |
$261,000 | $768,000 |
$105,000 | $772,000 |
| Black or African American |
162 | $30,779,000 |
$189,000 | $560,000 |
$72,000 | $265,000 |
| Hispanic |
340 | $66,199,000 |
$194,000 | $1,000,000 |
$78,000 | $2,026,000 |
| Native Hawaiin or Other Pacific Islander |
28 | $6,871,000 |
$245,000 | $710,000 |
$71,000 | $203,000 |
| Not applicable |
4 | $916,000 |
$229,000 | $359,000 |
$102,000 | $248,000 |
| Not Provided |
779 | $169,737,000 |
$217,000 | $905,000 |
$89,000 | $1,008,000 |
| White |
4,259 | $866,216,000 |
$203,000 | $3,000,000 |
$95,000 | $1,584,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,470 | $1,148,865,000 |
$210,000 | $3,000,000 |
$96,000 | $2,026,000 |
| FHA-insured (Federal Housing Administration) |
368 | $59,814,000 |
$162,000 | $327,000 |
$56,000 | $972,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
17 | $3,281,000 |
$193,000 | $325,000 |
$56,000 | $89,000 |
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| Application Approved But Not Accepted |
164 | $40,971,000 |
$249,000 | $1,921,000 |
$131,000 | $2,026,000 |
| Application Denied By Financial Institution |
668 | $126,527,000 |
$189,000 | $2,800,000 |
$80,000 | $972,000 |
| Application Withdrawn By Applicant |
899 | $181,962,000 |
$202,000 | $3,000,000 |
$88,000 | $1,140,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
4,124 | $862,500,000 |
$209,000 | $1,000,000 |
$95,000 | $1,584,000 |
| 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 |
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| Collateral |
125 | $21,637,000 |
$173,000 | $688,000 |
$81,000 | $972,000 |
| Credit Application Incomplete |
23 | $6,310,000 |
$274,000 | $1,200,000 |
$109,000 | $360,000 |
| Credit History |
84 | $15,297,000 |
$182,000 | $525,000 |
$60,000 | $228,000 |
| Debt-To-Income Ratio |
210 | $39,329,000 |
$187,000 | $665,000 |
$69,000 | $390,000 |
| Employment History |
10 | $1,877,000 |
$187,000 | $307,000 |
$66,000 | $192,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $692,000 |
$115,000 | $226,000 |
$46,000 | $72,000 |
| Mortgage Insurance Denied |
1 | $322,000 |
$322,000 | $322,000 |
$121,000 | $121,000 |
| Other |
51 | $8,338,000 |
$163,000 | $500,000 |
$81,000 | $300,000 |
| Unverifiable Information |
14 | $2,610,000 |
$186,000 | $360,000 |
$70,000 | $216,000 |
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Mortgage Loan App Totals for PINNACLE MORTGAGE GROUP by:
Metropolitan Area And
County
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