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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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PORTLAND MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
PORTLAND MORTGAGE COMPANY |
| Address | 2020 SW FOURTH AVENUE, SUITE 1010
PORTLAND, OR 97201 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 1,842 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $301,251,000 |
| Average Mortgage Loan Amount Applied For | $177,032 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $100,419 |
| Highest Applicant Income | $838,000 |
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| Home Improvement (one-to-four family) |
1 | $150,000 |
$150,000 | $150,000 |
$60,000 | $60,000 |
| Home Purchase (one-to-four family) |
398 | $58,740,000 |
$140,000 | $650,000 |
$61,500 | $589,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
1,443 | $242,361,000 |
$299,000 | $1,000,000 |
$161,800 | $838,000 |
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| American Indian or Alaskan Native |
6 | $932,000 |
$126,000 | $323,000 |
$41,500 | $83,000 |
| Asian or Pacific Islander |
20 | $2,717,000 |
$138,500 | $204,000 |
$60,000 | $135,000 |
| Black |
10 | $1,652,000 |
$119,500 | $650,000 |
$142,500 | $522,000 |
| Hispanic |
25 | $3,439,000 |
$131,000 | $357,000 |
$73,500 | $514,000 |
| Information not provided by applicant in mail or telephone application |
153 | $24,187,000 |
$197,333 | $650,000 |
$65,666 | $337,000 |
| Not applicable |
22 | $3,736,000 |
$164,000 | $322,000 |
$70,500 | $145,000 |
| Other |
13 | $2,115,000 |
$207,333 | $323,000 |
$30,333 | $115,000 |
| White |
1,593 | $262,473,000 |
$296,333 | $1,000,000 |
$231,333 | $838,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,727 | $285,302,000 |
$297,800 | $1,000,000 |
$163,800 | $838,000 |
| FHA-insured (Federal Housing Administration) |
66 | $8,692,000 |
$130,500 | $184,000 |
$38,500 | $154,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
10 | $1,448,000 |
$158,500 | $179,000 |
$55,000 | $75,000 |
| VA-guaranteed (Veterans Administration) |
39 | $5,809,000 |
$146,500 | $241,000 |
$40,000 | $149,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
22 | $3,514,000 |
$137,000 | $552,000 |
$57,000 | $158,000 |
| Application Withdrawn By Applicant |
285 | $46,433,000 |
$164,000 | $650,000 |
$51,500 | $548,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,535 | $251,304,000 |
$296,200 | $1,000,000 |
$162,200 | $838,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
3 | $405,000 |
$135,000 | $174,000 |
$78,000 | $90,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
13 | $1,829,000 |
$119,500 | $301,000 |
$64,000 | $158,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
2 | $688,000 |
$344,000 | $552,000 |
$74,000 | $89,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $592,000 |
$145,000 | $164,000 |
$41,500 | $68,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PORTLAND MORTGAGE COMPANY by:
Metropolitan Area And
County
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