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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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PRIMARY RESIDENTIAL MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
PRIMARY RESIDENTIAL MORTGAGE |
| Address | 4750 WEST WILEY POST WAY SUITE 200
SALT LAKE CITY, UT 84116 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 15,122 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,525,077,000 |
| Average Mortgage Loan Amount Applied For | $148,437 |
| Highest Mortgage Loan Amount Applied For | $3,060,000 |
| Average Applicant Income | $76,725 |
| Highest Applicant Income | $3,000,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
7,727 | $1,150,733,000 |
$148,000 | $2,340,000 |
$80,000 | $1,920,000 |
| Refinancing |
7,399 | $1,374,754,000 |
$185,000 | $3,060,000 |
$85,000 | $3,000,000 |
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| American Indian or Alaskan Native |
53 | $8,954,000 |
$168,000 | $544,000 |
$74,000 | $162,000 |
| Asian |
441 | $97,141,000 |
$220,000 | $788,000 |
$109,000 | $1,000,000 |
| Black or African American |
2,455 | $386,918,000 |
$157,000 | $3,060,000 |
$70,000 | $864,000 |
| Hispanic |
1,009 | $174,893,000 |
$173,000 | $900,000 |
$77,000 | $705,000 |
| Native Hawaiin or Other Pacific Islander |
83 | $18,432,000 |
$222,000 | $868,000 |
$110,000 | $279,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
105 | $18,049,000 |
$171,000 | $700,000 |
$84,000 | $324,000 |
| White |
10,980 | $1,821,100,000 |
$165,000 | $2,340,000 |
$84,000 | $3,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
13,459 | $2,296,225,000 |
$170,000 | $3,060,000 |
$86,000 | $3,000,000 |
| FHA-insured (Federal Housing Administration) |
1,447 | $191,288,000 |
$132,000 | $785,000 |
$51,000 | $300,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
15 | $1,387,000 |
$92,000 | $208,000 |
$32,000 | $63,000 |
| VA-guaranteed (Veterans Administration) |
205 | $36,587,000 |
$178,000 | $490,000 |
$65,000 | $279,000 |
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| Application Approved But Not Accepted |
366 | $60,283,000 |
$164,000 | $968,000 |
$91,000 | $1,000,000 |
| Application Denied By Financial Institution |
1,692 | $238,684,000 |
$141,000 | $1,000,000 |
$65,000 | $781,000 |
| Application Withdrawn By Applicant |
6,338 | $1,048,527,000 |
$165,000 | $3,060,000 |
$83,000 | $3,000,000 |
| File Closed For Incompleteness |
107 | $15,811,000 |
$147,000 | $595,000 |
$127,000 | $1,836,000 |
| Loan Originated |
6,623 | $1,162,182,000 |
$175,000 | $1,425,000 |
$84,000 | $1,912,000 |
| 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 |
151 | $24,714,000 |
$163,000 | $845,000 |
$90,000 | $781,000 |
| Credit Application Incomplete |
2 | $229,000 |
$114,000 | $133,000 |
$26,000 | $42,000 |
| Credit History |
1,098 | $148,046,000 |
$134,000 | $1,000,000 |
$56,000 | $360,000 |
| Debt-To-Income Ratio |
114 | $17,245,000 |
$151,000 | $893,000 |
$75,000 | $455,000 |
| Employment History |
60 | $7,640,000 |
$127,000 | $578,000 |
$71,000 | $600,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
112 | $16,109,000 |
$143,000 | $910,000 |
$81,000 | $723,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
92 | $15,929,000 |
$173,000 | $640,000 |
$91,000 | $392,000 |
| Unverifiable Information |
57 | $8,153,000 |
$143,000 | $700,000 |
$72,000 | $391,000 |
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Mortgage Loan App Totals for PRIMARY RESIDENTIAL MORTGAGE by:
Metropolitan Area And
County
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