|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
QUICK LOAN FUNDING INC
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
QUICK LOAN FUNDING INC |
| Address | 535 ANTON BLVD, SUITE 600
COSTA MESA, CA 92626 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 30,548 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $8,721,845,000 |
| Average Mortgage Loan Amount Applied For | $153,239 |
| Highest Mortgage Loan Amount Applied For | $3,910,000 |
| Average Applicant Income | $56,656 |
| Highest Applicant Income | $2,820,000 |
|
|
|
| Home Improvement |
5 | $1,636,000 |
$327,000 | $650,000 |
$67,000 | $120,000 |
| Home Purchase |
2,965 | $707,443,000 |
$238,000 | $2,620,000 |
$53,000 | $1,800,000 |
| Refinancing |
29,950 | $8,574,249,000 |
$286,000 | $3,910,000 |
$76,000 | $2,820,000 |
|
|
| American Indian or Alaskan Native |
394 | $88,992,000 |
$225,000 | $1,280,000 |
$65,000 | $506,000 |
| Asian |
1,575 | $595,351,000 |
$378,000 | $1,669,000 |
$94,000 | $1,140,000 |
| Black or African American |
5,826 | $1,582,814,000 |
$271,000 | $2,380,000 |
$69,000 | $600,000 |
| Hispanic |
7,943 | $2,171,631,000 |
$273,000 | $3,910,000 |
$68,000 | $1,005,000 |
| Native Hawaiin or Other Pacific Islander |
1,176 | $390,406,000 |
$331,000 | $1,800,000 |
$77,000 | $480,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
8,164 | $2,397,488,000 |
$293,000 | $2,550,000 |
$79,000 | $2,820,000 |
| White |
7,842 | $2,056,646,000 |
$262,000 | $3,000,000 |
$74,000 | $1,440,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
32,920 | $9,283,328,000 |
$281,000 | $3,910,000 |
$74,000 | $2,820,000 |
| 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 |
|
|
| Application Approved But Not Accepted |
4,228 | $1,264,474,000 |
$299,000 | $1,600,000 |
$83,000 | $1,236,000 |
| Application Denied By Financial Institution |
13,564 | $3,984,601,000 |
$293,000 | $3,910,000 |
$78,000 | $1,140,000 |
| Application Withdrawn By Applicant |
7,125 | $1,979,821,000 |
$277,000 | $3,000,000 |
$62,000 | $2,820,000 |
| File Closed For Incompleteness |
263 | $77,266,000 |
$293,000 | $910,000 |
$75,000 | $660,000 |
| Loan Originated |
6,516 | $1,680,398,000 |
$257,000 | $1,416,000 |
$77,000 | $2,400,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
667 | $171,343,000 |
$256,000 | $2,550,000 |
$50,000 | $660,000 |
| Preapproval Denied by Financial Institution |
557 | $125,425,000 |
$225,000 | $1,300,000 |
$43,000 | $300,000 |
|
|
| Collateral |
166 | $41,409,000 |
$249,000 | $1,306,000 |
$65,000 | $259,000 |
| Credit Application Incomplete |
2 | $337,000 |
$168,000 | $232,000 |
$48,000 | $48,000 |
| Credit History |
215 | $55,626,000 |
$258,000 | $1,200,000 |
$55,000 | $360,000 |
| Debt-To-Income Ratio |
288 | $95,409,000 |
$331,000 | $1,080,000 |
$57,000 | $187,000 |
| Employment History |
44 | $13,364,000 |
$303,000 | $1,526,000 |
$73,000 | $492,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
8,655 | $2,614,129,000 |
$302,000 | $3,910,000 |
$79,000 | $886,000 |
| Mortgage Insurance Denied |
4 | $924,000 |
$231,000 | $367,000 |
$79,000 | $117,000 |
| Other |
4,704 | $1,277,945,000 |
$271,000 | $2,750,000 |
$74,000 | $1,140,000 |
| Unverifiable Information |
43 | $10,883,000 |
$253,000 | $671,000 |
$81,000 | $817,000 |
|
Mortgage Loan App Totals for QUICK LOAN FUNDING INC by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
