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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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PROMINENT MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
PROMINENT MORTGAGE CORPORATION |
| Address | 17042 BELLFLOWER BLVD
BELLFLOWER, CA 90706 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 931 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $262,262,000 |
| Average Mortgage Loan Amount Applied For | $289,973 |
| Highest Mortgage Loan Amount Applied For | $1,090,000 |
| Average Applicant Income | $69,052 |
| Highest Applicant Income | $1,221,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
237 | $66,582,000 |
$280,000 | $1,050,000 |
$95,000 | $384,000 |
| Refinancing |
694 | $195,680,000 |
$281,000 | $1,090,000 |
$40,000 | $1,221,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
27 | $7,767,000 |
$287,000 | $959,000 |
$135,000 | $310,000 |
| Black or African American |
28 | $7,502,000 |
$267,000 | $660,000 |
$98,000 | $225,000 |
| Hispanic |
726 | $199,018,000 |
$274,000 | $1,050,000 |
$41,000 | $1,221,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $641,000 |
$320,000 | $485,000 |
$54,000 | $108,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
98 | $33,554,000 |
$342,000 | $1,050,000 |
$73,000 | $331,000 |
| White |
50 | $13,780,000 |
$275,000 | $1,090,000 |
$136,000 | $384,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
931 | $262,262,000 |
$281,000 | $1,090,000 |
$54,000 | $1,221,000 |
| 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 |
215 | $62,361,000 |
$290,000 | $920,000 |
$57,000 | $384,000 |
| Application Denied By Financial Institution |
148 | $46,149,000 |
$311,000 | $1,090,000 |
$82,000 | $349,000 |
| Application Withdrawn By Applicant |
189 | $53,396,000 |
$282,000 | $959,000 |
$60,000 | $310,000 |
| File Closed For Incompleteness |
1 | $128,000 |
$128,000 | $128,000 |
$0 | $0 |
| Loan Originated |
367 | $97,887,000 |
$266,000 | $1,050,000 |
$39,000 | $1,221,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
11 | $2,341,000 |
$212,000 | $496,000 |
$40,000 | $384,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $361,000 |
$361,000 | $361,000 |
$90,000 | $90,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
14 | $2,918,000 |
$208,000 | $460,000 |
$110,000 | $294,000 |
| Debt-To-Income Ratio |
4 | $760,000 |
$190,000 | $357,000 |
$61,000 | $105,000 |
| Employment History |
1 | $500,000 |
$500,000 | $500,000 |
$108,000 | $108,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
21 | $7,216,000 |
$343,000 | $728,000 |
$55,000 | $203,000 |
| Unverifiable Information |
11 | $3,365,000 |
$305,000 | $1,050,000 |
$78,000 | $161,000 |
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Mortgage Loan App Totals for PROMINENT MORTGAGE CORPORATION by:
Metropolitan Area And
County
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