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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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PROVIDENT FUNDING ASSOCIATES
Mortgage Loans and Application Details
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| Mortgage Company Name |
PROVIDENT FUNDING ASSOCIATES |
| Address | 1633 BAYSHORE HIGHWAY, #155
BURLINGAME, CA 94010 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 57,010 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,225,475,000 |
| Average Mortgage Loan Amount Applied For | $176,218 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $89,884 |
| Highest Applicant Income | $6,000,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
23,527 | $5,035,021,000 |
$214,000 | $1,960,000 |
$96,000 | $2,750,000 |
| Refinancing |
38,086 | $9,115,644,000 |
$239,000 | $3,000,000 |
$82,000 | $6,000,000 |
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| American Indian or Alaskan Native |
152 | $32,894,000 |
$216,000 | $775,000 |
$92,000 | $379,000 |
| Asian |
6,728 | $1,814,562,000 |
$269,000 | $1,520,000 |
$110,000 | $987,000 |
| Black or African American |
1,703 | $332,007,000 |
$194,000 | $831,000 |
$85,000 | $2,750,000 |
| Hispanic |
3,231 | $747,371,000 |
$231,000 | $971,000 |
$86,000 | $984,000 |
| Native Hawaiin or Other Pacific Islander |
257 | $69,255,000 |
$269,000 | $903,000 |
$109,000 | $1,395,000 |
| Not applicable |
8,973 | $2,061,064,000 |
$229,000 | $1,310,000 |
$0 | $0 |
| Not Provided |
5,118 | $1,200,848,000 |
$234,000 | $2,000,000 |
$104,000 | $2,400,000 |
| White |
35,451 | $7,892,664,000 |
$222,000 | $3,000,000 |
$103,000 | $6,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
61,613 | $14,150,665,000 |
$229,000 | $3,000,000 |
$87,000 | $6,000,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
4,444 | $971,580,000 |
$218,000 | $2,000,000 |
$101,000 | $1,500,000 |
| Application Withdrawn By Applicant |
2,428 | $562,261,000 |
$231,000 | $2,000,000 |
$111,000 | $6,000,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
45,768 | $10,555,760,000 |
$230,000 | $3,000,000 |
$102,000 | $2,750,000 |
| Loan Purchased By The Institution |
8,973 | $2,061,064,000 |
$229,000 | $1,310,000 |
$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 |
1,101 | $240,469,000 |
$218,000 | $2,000,000 |
$113,000 | $1,395,000 |
| Credit Application Incomplete |
10 | $2,723,000 |
$272,000 | $507,000 |
$113,000 | $277,000 |
| Credit History |
239 | $46,338,000 |
$193,000 | $1,000,000 |
$82,000 | $451,000 |
| Debt-To-Income Ratio |
1,088 | $235,157,000 |
$216,000 | $1,000,000 |
$73,000 | $412,000 |
| Employment History |
130 | $25,813,000 |
$198,000 | $975,000 |
$78,000 | $450,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
155 | $34,440,000 |
$222,000 | $1,500,000 |
$91,000 | $675,000 |
| Mortgage Insurance Denied |
1 | $292,000 |
$292,000 | $292,000 |
$427,000 | $427,000 |
| Other |
1,214 | $265,716,000 |
$218,000 | $2,000,000 |
$115,000 | $1,500,000 |
| Unverifiable Information |
506 | $120,632,000 |
$238,000 | $1,760,000 |
$115,000 | $1,049,000 |
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Mortgage Loan App Totals for PROVIDENT FUNDING ASSOCIATES by:
Metropolitan Area And
County
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