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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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PRIME LENDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
PRIME LENDING |
| Address | 18111 PRESTON ROAD, STE 900
DALLAS, TX 75252 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 15,075 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,188,064,000 |
| Average Mortgage Loan Amount Applied For | $156,852 |
| Highest Mortgage Loan Amount Applied For | $4,000,000 |
| Average Applicant Income | $88,003 |
| Highest Applicant Income | $5,071,000 |
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| Home Improvement |
3 | $254,000 |
$84,000 | $136,000 |
$125,000 | $176,000 |
| Home Purchase |
12,318 | $1,679,741,000 |
$136,000 | $2,000,000 |
$102,000 | $5,071,000 |
| Refinancing |
2,754 | $508,069,000 |
$184,000 | $4,000,000 |
$100,000 | $3,750,000 |
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| American Indian or Alaskan Native |
55 | $9,242,000 |
$168,000 | $962,000 |
$90,000 | $392,000 |
| Asian |
452 | $72,879,000 |
$161,000 | $2,000,000 |
$133,000 | $2,680,000 |
| Black or African American |
1,052 | $142,171,000 |
$135,000 | $1,328,000 |
$76,000 | $600,000 |
| Hispanic |
1,682 | $189,291,000 |
$112,000 | $1,901,000 |
$69,000 | $1,705,000 |
| Native Hawaiin or Other Pacific Islander |
48 | $7,025,000 |
$146,000 | $476,000 |
$88,000 | $250,000 |
| Not applicable |
377 | $47,197,000 |
$125,000 | $1,290,000 |
$0 | $0 |
| Not Provided |
1,874 | $313,734,000 |
$167,000 | $3,600,000 |
$126,000 | $3,750,000 |
| White |
9,535 | $1,406,525,000 |
$147,000 | $4,000,000 |
$107,000 | $5,071,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
11,813 | $1,779,121,000 |
$150,000 | $4,000,000 |
$113,000 | $5,071,000 |
| FHA-insured (Federal Housing Administration) |
2,462 | $288,674,000 |
$117,000 | $361,000 |
$55,000 | $580,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
800 | $120,269,000 |
$150,000 | $417,000 |
$62,000 | $232,000 |
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| Application Approved But Not Accepted |
748 | $104,967,000 |
$140,000 | $1,328,000 |
$99,000 | $825,000 |
| Application Denied By Financial Institution |
683 | $99,882,000 |
$146,000 | $2,125,000 |
$97,000 | $996,000 |
| Application Withdrawn By Applicant |
547 | $94,828,000 |
$173,000 | $3,600,000 |
$117,000 | $3,875,000 |
| File Closed For Incompleteness |
11 | $1,244,000 |
$113,000 | $300,000 |
$140,000 | $321,000 |
| Loan Originated |
12,708 | $1,839,882,000 |
$144,000 | $4,000,000 |
$104,000 | $5,071,000 |
| Loan Purchased By The Institution |
378 | $47,261,000 |
$125,000 | $1,290,000 |
$0 | $61,000 |
| 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 |
132 | $27,266,000 |
$206,000 | $2,125,000 |
$134,000 | $996,000 |
| Credit Application Incomplete |
50 | $8,316,000 |
$166,000 | $744,000 |
$93,000 | $519,000 |
| Credit History |
161 | $22,806,000 |
$141,000 | $1,800,000 |
$75,000 | $564,000 |
| Debt-To-Income Ratio |
110 | $12,394,000 |
$112,000 | $520,000 |
$66,000 | $269,000 |
| Employment History |
30 | $3,951,000 |
$131,000 | $485,000 |
$120,000 | $804,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
26 | $2,962,000 |
$113,000 | $299,000 |
$118,000 | $178,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
118 | $15,653,000 |
$132,000 | $1,000,000 |
$111,000 | $600,000 |
| Unverifiable Information |
56 | $6,534,000 |
$116,000 | $380,000 |
$81,000 | $367,000 |
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Mortgage Loan App Totals for PRIME LENDING by:
Metropolitan Area And
County
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