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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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PREFERRED FINANCIAL GROUP, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
PREFERRED FINANCIAL GROUP, INC |
| Address | 1350 OLD BAYSHORE HWY SUITE 630
BURLINGAME, CA 94010 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,366 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $820,492,000 |
| Average Mortgage Loan Amount Applied For | $274,091 |
| Highest Mortgage Loan Amount Applied For | $1,950,000 |
| Average Applicant Income | $186,076 |
| Highest Applicant Income | $1,677,000 |
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| Home Improvement |
2,229 | $781,846,000 |
$350,000 | $1,950,000 |
$197,000 | $1,677,000 |
| Home Purchase |
132 | $32,775,000 |
$248,000 | $1,493,000 |
$204,000 | $835,000 |
| Refinancing |
129 | $40,979,000 |
$317,000 | $1,800,000 |
$185,000 | $1,020,000 |
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| American Indian or Alaskan Native |
4 | $1,484,000 |
$371,000 | $720,000 |
$233,000 | $360,000 |
| Asian |
372 | $131,184,000 |
$352,000 | $1,931,000 |
$202,000 | $900,000 |
| Black or African American |
146 | $44,078,000 |
$301,000 | $1,530,000 |
$207,000 | $1,677,000 |
| Hispanic |
805 | $229,885,000 |
$285,000 | $1,838,000 |
$144,000 | $834,000 |
| Native Hawaiin or Other Pacific Islander |
71 | $21,619,000 |
$304,000 | $999,000 |
$251,000 | $960,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
15 | $4,242,000 |
$282,000 | $990,000 |
$220,000 | $660,000 |
| White |
1,077 | $423,108,000 |
$392,000 | $1,950,000 |
$229,000 | $1,667,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,488 | $855,120,000 |
$343,000 | $1,950,000 |
$197,000 | $1,677,000 |
| 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) |
2 | $480,000 |
$240,000 | $240,000 |
$49,000 | $57,000 |
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| Application Approved But Not Accepted |
952 | $346,299,000 |
$363,000 | $1,931,000 |
$217,000 | $1,677,000 |
| Application Denied By Financial Institution |
96 | $39,133,000 |
$407,000 | $1,950,000 |
$191,000 | $606,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,442 | $470,168,000 |
$326,000 | $1,800,000 |
$184,000 | $1,436,000 |
| 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 |
11 | $3,050,000 |
$277,000 | $811,000 |
$253,000 | $584,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
47 | $17,870,000 |
$380,000 | $1,950,000 |
$166,000 | $606,000 |
| Debt-To-Income Ratio |
6 | $2,776,000 |
$462,000 | $1,095,000 |
$210,000 | $409,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $1,660,000 |
$415,000 | $1,000,000 |
$282,000 | $315,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
12 | $4,959,000 |
$413,000 | $749,000 |
$155,000 | $461,000 |
| Unverifiable Information |
7 | $1,672,000 |
$238,000 | $527,000 |
$178,000 | $395,000 |
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Mortgage Loan App Totals for PREFERRED FINANCIAL GROUP, INC by:
Metropolitan Area And
County
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