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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 LENDERS CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PREFERRED LENDERS CORPORATION |
| Address | 27740 JEFFERSON AVENUE SUITE 210
TEMECULA, CA 92590 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 239 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $69,851,000 |
| Average Mortgage Loan Amount Applied For | $302,428 |
| Highest Mortgage Loan Amount Applied For | $1,425,000 |
| Average Applicant Income | $189,428 |
| Highest Applicant Income | $660,000 |
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| Home Improvement |
1 | $150,000 |
$150,000 | $150,000 |
$102,000 | $102,000 |
| Home Purchase |
121 | $31,824,000 |
$263,000 | $1,000,000 |
$131,000 | $480,000 |
| Refinancing |
117 | $37,877,000 |
$323,000 | $1,425,000 |
$128,000 | $660,000 |
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| American Indian or Alaskan Native |
8 | $3,019,000 |
$377,000 | $1,000,000 |
$240,000 | $394,000 |
| Asian |
6 | $1,979,000 |
$329,000 | $532,000 |
$129,000 | $376,000 |
| Black or African American |
7 | $1,460,000 |
$208,000 | $428,000 |
$118,000 | $216,000 |
| Hispanic |
35 | $9,617,000 |
$274,000 | $537,000 |
$114,000 | $412,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $728,000 |
$242,000 | $348,000 |
$112,000 | $169,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
4 | $797,000 |
$199,000 | $400,000 |
$150,000 | $376,000 |
| White |
176 | $52,251,000 |
$296,000 | $1,425,000 |
$128,000 | $660,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
239 | $69,851,000 |
$292,000 | $1,425,000 |
$130,000 | $660,000 |
| 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 |
26 | $7,221,000 |
$277,000 | $496,000 |
$136,000 | $480,000 |
| Application Denied By Financial Institution |
2 | $92,000 |
$46,000 | $50,000 |
$57,000 | $66,000 |
| Application Withdrawn By Applicant |
35 | $9,522,000 |
$272,000 | $556,000 |
$129,000 | $480,000 |
| File Closed For Incompleteness |
7 | $1,934,000 |
$276,000 | $480,000 |
$110,000 | $150,000 |
| Loan Originated |
169 | $51,082,000 |
$302,000 | $1,425,000 |
$131,000 | $660,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PREFERRED LENDERS CORPORATION by:
Metropolitan Area And
County
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