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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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PLANET MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
PLANET MORTGAGE CORP |
| Address | 7220 TRADE STREET, SUITE 305
SAN DIEGO, CA 92121 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,363 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $359,407,000 |
| Average Mortgage Loan Amount Applied For | $228,661 |
| Highest Mortgage Loan Amount Applied For | $989,000 |
| Average Applicant Income | $86,985 |
| Highest Applicant Income | $525,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
97 | $24,354,000 |
$189,000 | $610,000 |
$78,500 | $396,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,266 | $335,053,000 |
$182,000 | $989,000 |
$92,000 | $525,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
6 | $1,585,000 |
$264,000 | $332,000 |
$91,000 | $132,000 |
| Black |
6 | $1,384,000 |
$230,000 | $315,000 |
$70,000 | $84,000 |
| Hispanic |
21 | $5,412,000 |
$257,000 | $475,000 |
$69,000 | $180,000 |
| Information not provided by applicant in mail or telephone application |
1,294 | $341,191,000 |
$168,250 | $817,000 |
$88,500 | $525,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $322,000 |
$322,000 | $322,000 |
$40,000 | $40,000 |
| White |
35 | $9,513,000 |
$281,666 | $989,000 |
$101,000 | $407,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,363 | $359,407,000 |
$178,000 | $989,000 |
$90,750 | $525,000 |
| 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 |
49 | $13,782,000 |
$281,000 | $578,000 |
$113,000 | $360,000 |
| Application Denied By Financial Institution |
1,043 | $272,534,000 |
$175,750 | $989,000 |
$90,000 | $525,000 |
| Application Withdrawn By Applicant |
44 | $12,564,000 |
$285,000 | $527,000 |
$91,000 | $238,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
227 | $60,527,000 |
$241,333 | $553,000 |
$94,666 | $360,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
17 | $3,667,000 |
$215,000 | $391,000 |
$78,000 | $240,000 |
| Credit Application Incomplete |
169 | $45,304,000 |
$200,000 | $610,000 |
$65,500 | $525,000 |
| Credit History |
73 | $18,701,000 |
$162,750 | $631,000 |
$75,750 | $253,000 |
| Debt-To-Income Ratio |
138 | $38,900,000 |
$239,000 | $595,000 |
$71,000 | $400,000 |
| Employment History |
22 | $5,858,000 |
$266,000 | $465,000 |
$107,000 | $200,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
6 | $1,639,000 |
$238,500 | $400,000 |
$97,500 | $150,000 |
| Mortgage Insurance Denied |
5 | $1,990,000 |
$398,000 | $672,000 |
$191,000 | $313,000 |
| Other |
595 | $152,016,000 |
$227,000 | $989,000 |
$105,333 | $500,000 |
| Unverifiable Information |
18 | $4,459,000 |
$203,000 | $650,000 |
$82,000 | $222,000 |
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Mortgage Loan App Totals for PLANET MORTGAGE CORP by:
Metropolitan Area And
County
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