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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 LENDING GROUP
Mortgage Loans and Application Details
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| Mortgage Company Name |
PREFERRED LENDING GROUP |
| Address | 10446 NORTH 74TH STREET SUITE 200
SCOTTSDALE, AZ 85258 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2004 |
| Total Number of Mortgage Loan Applications Processed | 290 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $44,542,000 |
| Average Mortgage Loan Amount Applied For | $120,750 |
| Highest Mortgage Loan Amount Applied For | $732,000 |
| Average Applicant Income | $61,250 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
6 | $928,000 |
$154,000 | $279,000 |
$52,000 | $144,000 |
| Home Purchase |
256 | $38,464,000 |
$150,000 | $600,000 |
$70,000 | $600,000 |
| Refinancing |
28 | $5,150,000 |
$183,000 | $732,000 |
$52,000 | $376,000 |
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| American Indian or Alaskan Native |
2 | $465,000 |
$232,000 | $245,000 |
$93,000 | $100,000 |
| Asian |
13 | $1,739,000 |
$133,000 | $237,000 |
$81,000 | $196,000 |
| Black or African American |
6 | $791,000 |
$131,000 | $167,000 |
$53,000 | $107,000 |
| Hispanic |
25 | $3,233,000 |
$129,000 | $304,000 |
$65,000 | $193,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $93,000 |
$93,000 | $93,000 |
$39,000 | $39,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
66 | $10,814,000 |
$163,000 | $527,000 |
$70,000 | $600,000 |
| White |
177 | $27,407,000 |
$154,000 | $732,000 |
$61,000 | $409,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
284 | $43,809,000 |
$154,000 | $732,000 |
$68,000 | $600,000 |
| FHA-insured (Federal Housing Administration) |
4 | $406,000 |
$101,000 | $161,000 |
$52,000 | $86,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $327,000 |
$163,000 | $181,000 |
$51,000 | $52,000 |
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| Application Approved But Not Accepted |
14 | $2,071,000 |
$147,000 | $463,000 |
$51,000 | $179,000 |
| Application Denied By Financial Institution |
13 | $1,853,000 |
$142,000 | $279,000 |
$57,000 | $162,000 |
| Application Withdrawn By Applicant |
22 | $3,133,000 |
$142,000 | $390,000 |
$59,000 | $193,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
241 | $37,485,000 |
$155,000 | $732,000 |
$72,000 | $600,000 |
| 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 |
6 | $766,000 |
$127,000 | $213,000 |
$61,000 | $162,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $172,000 |
$86,000 | $112,000 |
$71,000 | $118,000 |
| Debt-To-Income Ratio |
2 | $290,000 |
$145,000 | $150,000 |
$29,000 | $31,000 |
| Employment History |
1 | $128,000 |
$128,000 | $128,000 |
$78,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $218,000 |
$218,000 | $218,000 |
$70,000 | $70,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $279,000 |
$279,000 | $279,000 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PREFERRED LENDING GROUP by:
Metropolitan Area And
County
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