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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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REDIDENTIAL FUNDING CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
REDIDENTIAL FUNDING CORP. |
| Address | 4 WALNUT GROVE DRIVE
HORSHAM, PA 19044 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 504,718 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $89,881,298,000 |
| Average Mortgage Loan Amount Applied For | $105,179 |
| Highest Mortgage Loan Amount Applied For | $9,000,000 |
| Average Applicant Income | $470 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
2,983 | $654,996,000 |
$219,000 | $2,660,000 |
$1,000 | $1,320,000 |
| Home Purchase |
238,372 | $38,941,067,000 |
$163,000 | $6,800,000 |
$0 | $3,060,000 |
| Refinancing |
263,363 | $50,285,235,000 |
$190,000 | $9,000,000 |
$0 | $9,999,000 |
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| American Indian or Alaskan Native |
1 | $2,450,000 |
$2,450,000 | $2,450,000 |
$792,000 | $792,000 |
| Asian |
62 | $29,120,000 |
$469,000 | $2,240,000 |
$234,000 | $1,877,000 |
| Black or African American |
142 | $27,871,000 |
$196,000 | $1,260,000 |
$89,000 | $545,000 |
| Hispanic |
173 | $46,278,000 |
$267,000 | $1,500,000 |
$141,000 | $1,140,000 |
| Native Hawaiin or Other Pacific Islander |
13 | $3,151,000 |
$242,000 | $990,000 |
$165,000 | $840,000 |
| Not applicable |
503,201 | $89,324,340,000 |
$177,000 | $5,900,000 |
$0 | $0 |
| Not Provided |
283 | $112,004,000 |
$395,000 | $7,200,000 |
$177,000 | $3,420,000 |
| White |
843 | $336,084,000 |
$398,000 | $9,000,000 |
$226,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
504,521 | $89,861,800,000 |
$178,000 | $9,000,000 |
$0 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
175 | $16,482,000 |
$94,000 | $254,000 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $269,000 |
$134,000 | $184,000 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
20 | $2,747,000 |
$137,000 | $343,000 |
$0 | $0 |
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| Application Approved But Not Accepted |
421 | $154,619,000 |
$367,000 | $4,290,000 |
$195,000 | $3,900,000 |
| Application Denied By Financial Institution |
158 | $77,736,000 |
$492,000 | $6,800,000 |
$268,000 | $5,215,000 |
| Application Withdrawn By Applicant |
104 | $40,608,000 |
$390,000 | $3,325,000 |
$192,000 | $1,877,000 |
| File Closed For Incompleteness |
133 | $78,414,000 |
$589,000 | $9,000,000 |
$303,000 | $9,999,000 |
| Loan Originated |
701 | $205,581,000 |
$293,000 | $4,500,000 |
$158,000 | $4,620,000 |
| Loan Purchased By The Institution |
503,201 | $89,324,340,000 |
$177,000 | $5,900,000 |
$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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for REDIDENTIAL FUNDING CORP. by:
Metropolitan Area And
County
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