|
|
| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
|
|
|
|
|
|
RATESTAR, INC.
Mortgage Loans and Application Details
|
|
|
|
| Mortgage Company Name |
RATESTAR, INC. |
| Address | 4665 CORNELL ROAD, SUITE 200
CINCINNATI, OH 45241 |
| Agency | Office of the Comptroller of the Currency (OCC) |
| Year | 2005 |
| All Data Years | 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 3,649 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $667,739,000 |
| Average Mortgage Loan Amount Applied For | $171,756 |
| Highest Mortgage Loan Amount Applied For | $1,759,000 |
| Average Applicant Income | $72,242 |
| Highest Applicant Income | $1,716,000 |
|
|
|
| Home Improvement |
9 | $758,000 |
$84,500 | $236,000 |
$97,250 | $240,000 |
| Home Purchase |
219 | $35,914,000 |
$182,135 | $781,000 |
$90,675 | $890,000 |
| Refinancing |
3,421 | $631,067,000 |
$185,276 | $1,759,000 |
$73,319 | $1,716,000 |
|
|
| American Indian or Alaskan Native |
6 | $1,038,000 |
$188,400 | $370,000 |
$53,600 | $69,000 |
| Asian |
35 | $8,540,000 |
$205,266 | $1,350,000 |
$99,200 | $830,000 |
| Black or African American |
248 | $45,011,000 |
$194,968 | $735,000 |
$64,531 | $192,000 |
| Hispanic |
93 | $16,540,000 |
$163,250 | $492,000 |
$60,700 | $152,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $1,187,000 |
$156,142 | $272,000 |
$74,142 | $140,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
214 | $41,694,000 |
$192,926 | $800,000 |
$77,414 | $395,000 |
| White |
3,045 | $553,729,000 |
$183,170 | $1,759,000 |
$75,595 | $1,716,000 |
|
|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,649 | $667,739,000 |
$184,361 | $1,759,000 |
$74,148 | $1,716,000 |
| 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 |
865 | $161,861,000 |
$193,085 | $1,500,000 |
$80,829 | $890,000 |
| Application Denied By Financial Institution |
612 | $108,490,000 |
$182,422 | $1,350,000 |
$59,666 | $311,000 |
| Application Withdrawn By Applicant |
392 | $70,691,000 |
$181,347 | $1,268,000 |
$77,391 | $1,716,000 |
| File Closed For Incompleteness |
4 | $1,193,000 |
$298,250 | $585,000 |
$91,000 | $120,000 |
| Loan Originated |
1,776 | $325,504,000 |
$182,717 | $1,759,000 |
$77,652 | $830,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
|
|
| Collateral |
148 | $27,831,000 |
$189,514 | $640,000 |
$65,057 | $220,000 |
| Credit Application Incomplete |
2 | $640,000 |
$320,000 | $500,000 |
$93,500 | $105,000 |
| Credit History |
349 | $59,996,000 |
$173,139 | $1,350,000 |
$53,651 | $311,000 |
| Debt-To-Income Ratio |
83 | $14,430,000 |
$172,793 | $1,330,000 |
$48,655 | $137,000 |
| Employment History |
2 | $558,000 |
$279,000 | $344,000 |
$86,000 | $102,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $937,000 |
$187,400 | $388,000 |
$53,000 | $86,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
14 | $1,864,000 |
$140,166 | $257,000 |
$60,500 | $132,000 |
| Unverifiable Information |
9 | $2,234,000 |
$268,857 | $615,000 |
$81,571 | $204,000 |
|
Mortgage Loan App Totals for RATESTAR, INC. by:
Metropolitan Area And
County
|
|
|
|
|
Copyright ©2008 AllMortgageDetail.com All rights reserved.
|
|
