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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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PLATINUM CAPITAL GROUP
Mortgage Loans and Application Details
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| Mortgage Company Name |
PLATINUM CAPITAL GROUP |
| Address | 17101 ARMSTRONG AVE. SUITE 200
IRVINE, CA 92614 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,424 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,751,524,000 |
| Average Mortgage Loan Amount Applied For | $230,552 |
| Highest Mortgage Loan Amount Applied For | $9,000,000 |
| Average Applicant Income | $125,476 |
| Highest Applicant Income | $4,564,000 |
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| Home Improvement |
2 | $576,000 |
$288,000 | $448,000 |
$156,000 | $156,000 |
| Home Purchase |
2,823 | $861,706,000 |
$305,000 | $9,000,000 |
$179,000 | $4,361,000 |
| Refinancing |
2,602 | $890,045,000 |
$342,000 | $6,000,000 |
$164,000 | $4,564,000 |
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| American Indian or Alaskan Native |
12 | $2,823,000 |
$235,000 | $650,000 |
$243,000 | $1,741,000 |
| Asian |
213 | $66,893,000 |
$314,000 | $1,725,000 |
$196,000 | $1,800,000 |
| Black or African American |
675 | $155,472,000 |
$230,000 | $3,000,000 |
$126,000 | $1,823,000 |
| Hispanic |
1,365 | $339,038,000 |
$248,000 | $3,409,000 |
$122,000 | $3,391,000 |
| Native Hawaiin or Other Pacific Islander |
52 | $15,406,000 |
$296,000 | $960,000 |
$147,000 | $491,000 |
| Not applicable |
524 | $127,569,000 |
$243,000 | $5,345,000 |
$83,000 | $1,692,000 |
| Not Provided |
735 | $257,121,000 |
$349,000 | $3,600,000 |
$172,000 | $1,620,000 |
| White |
1,851 | $788,005,000 |
$425,000 | $9,000,000 |
$248,000 | $4,564,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
5,327 | $1,733,602,000 |
$325,000 | $9,000,000 |
$174,000 | $4,564,000 |
| FHA-insured (Federal Housing Administration) |
99 | $18,473,000 |
$186,000 | $399,000 |
$49,000 | $104,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $252,000 |
$252,000 | $252,000 |
$66,000 | $66,000 |
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| Application Approved But Not Accepted |
1,343 | $398,987,000 |
$297,000 | $4,665,000 |
$160,000 | $3,600,000 |
| Application Denied By Financial Institution |
783 | $238,927,000 |
$305,000 | $5,225,000 |
$180,000 | $3,391,000 |
| Application Withdrawn By Applicant |
647 | $179,800,000 |
$277,000 | $9,000,000 |
$110,000 | $3,942,000 |
| File Closed For Incompleteness |
379 | $119,271,000 |
$314,000 | $4,089,000 |
$201,000 | $3,072,000 |
| Loan Originated |
2,275 | $815,342,000 |
$358,000 | $3,850,000 |
$189,000 | $4,564,000 |
| 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 |
164 | $41,858,000 |
$255,000 | $2,500,000 |
$197,000 | $1,741,000 |
| Credit Application Incomplete |
1 | $140,000 |
$140,000 | $140,000 |
$78,000 | $78,000 |
| Credit History |
170 | $39,661,000 |
$233,000 | $1,400,000 |
$128,000 | $720,000 |
| Debt-To-Income Ratio |
115 | $26,196,000 |
$227,000 | $1,185,000 |
$115,000 | $818,000 |
| Employment History |
23 | $6,969,000 |
$303,000 | $2,000,000 |
$449,000 | $3,391,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
9 | $1,894,000 |
$210,000 | $558,000 |
$98,000 | $152,000 |
| Mortgage Insurance Denied |
1 | $224,000 |
$224,000 | $224,000 |
$118,000 | $118,000 |
| Other |
149 | $51,752,000 |
$347,000 | $4,550,000 |
$169,000 | $1,500,000 |
| Unverifiable Information |
46 | $16,205,000 |
$352,000 | $2,208,000 |
$202,000 | $1,320,000 |
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Mortgage Loan App Totals for PLATINUM CAPITAL GROUP by:
Metropolitan Area And
County
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