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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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QUALITY HOME LOANS
Mortgage Loans and Application Details
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| Mortgage Company Name |
QUALITY HOME LOANS |
| Address | 27001 W. AGOURA RD.
AGOURA HILLS, CA 91301 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 7,271 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,092,270,000 |
| Average Mortgage Loan Amount Applied For | $271,518 |
| Highest Mortgage Loan Amount Applied For | $7,000,000 |
| Average Applicant Income | $113,163 |
| Highest Applicant Income | $3,600,000 |
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| Home Improvement |
1 | $128,000 |
$128,000 | $128,000 |
$54,000 | $54,000 |
| Home Purchase |
10 | $2,846,000 |
$284,000 | $748,000 |
$97,000 | $288,000 |
| Refinancing |
7,262 | $2,089,612,000 |
$287,000 | $7,000,000 |
$113,000 | $3,600,000 |
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| American Indian or Alaskan Native |
30 | $6,958,000 |
$231,000 | $805,000 |
$94,000 | $300,000 |
| Asian |
130 | $54,450,000 |
$418,000 | $2,470,000 |
$180,000 | $1,334,000 |
| Black or African American |
997 | $278,849,000 |
$279,000 | $3,300,000 |
$115,000 | $3,000,000 |
| Hispanic |
1,739 | $400,807,000 |
$230,000 | $1,978,000 |
$89,000 | $859,000 |
| Native Hawaiin or Other Pacific Islander |
59 | $16,882,000 |
$286,000 | $1,300,000 |
$110,000 | $300,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,333 | $701,681,000 |
$300,000 | $4,420,000 |
$110,000 | $2,160,000 |
| White |
1,985 | $632,959,000 |
$318,000 | $7,000,000 |
$132,000 | $3,600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,273 | $2,092,586,000 |
$287,000 | $7,000,000 |
$113,000 | $3,600,000 |
| 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 |
21 | $5,857,000 |
$278,000 | $845,000 |
$96,000 | $198,000 |
| Application Denied By Financial Institution |
2,089 | $728,125,000 |
$348,000 | $7,000,000 |
$143,000 | $3,000,000 |
| Application Withdrawn By Applicant |
2,372 | $707,733,000 |
$298,000 | $4,340,000 |
$116,000 | $3,600,000 |
| File Closed For Incompleteness |
55 | $18,311,000 |
$332,000 | $2,744,000 |
$96,000 | $996,000 |
| Loan Originated |
2,735 | $632,105,000 |
$231,000 | $1,528,000 |
$89,000 | $750,000 |
| Loan Purchased By The Institution |
1 | $455,000 |
$455,000 | $455,000 |
$144,000 | $144,000 |
| 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 |
1,449 | $505,943,000 |
$349,000 | $5,390,000 |
$139,000 | $2,386,000 |
| Credit Application Incomplete |
6 | $1,650,000 |
$275,000 | $393,000 |
$89,000 | $148,000 |
| Credit History |
18 | $5,795,000 |
$321,000 | $1,700,000 |
$111,000 | $496,000 |
| Debt-To-Income Ratio |
6 | $1,813,000 |
$302,000 | $533,000 |
$76,000 | $114,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
49 | $15,867,000 |
$323,000 | $1,120,000 |
$122,000 | $600,000 |
| Mortgage Insurance Denied |
1 | $130,000 |
$130,000 | $130,000 |
$96,000 | $96,000 |
| Other |
223 | $77,710,000 |
$348,000 | $2,282,000 |
$155,000 | $1,477,000 |
| Unverifiable Information |
7 | $2,754,000 |
$393,000 | $943,000 |
$135,000 | $252,000 |
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Mortgage Loan App Totals for QUALITY HOME LOANS by:
Metropolitan Area And
County
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