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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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RESIDENTIAL ACCEPTANCE NETWORK
Mortgage Loans and Application Details
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| Mortgage Company Name |
RESIDENTIAL ACCEPTANCE NETWORK |
| Address | 268 W. 400 S.
SALT LAKE CITY, UT 84101 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,025 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $214,638,000 |
| Average Mortgage Loan Amount Applied For | $215,787 |
| Highest Mortgage Loan Amount Applied For | $2,320,000 |
| Average Applicant Income | $63,975 |
| Highest Applicant Income | $768,000 |
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| Home Improvement |
4 | $892,000 |
$223,000 | $476,000 |
$79,000 | $180,000 |
| Home Purchase |
110 | $16,427,000 |
$149,000 | $371,000 |
$77,000 | $324,000 |
| Refinancing |
911 | $197,319,000 |
$216,000 | $2,320,000 |
$69,000 | $768,000 |
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| American Indian or Alaskan Native |
10 | $1,844,000 |
$184,000 | $281,000 |
$85,000 | $135,000 |
| Asian |
14 | $5,358,000 |
$382,000 | $1,000,000 |
$169,000 | $420,000 |
| Black or African American |
36 | $8,040,000 |
$223,000 | $476,000 |
$66,000 | $228,000 |
| Hispanic |
56 | $11,577,000 |
$206,000 | $600,000 |
$71,000 | $210,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $108,000 |
$108,000 | $108,000 |
$37,000 | $37,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
432 | $95,245,000 |
$220,000 | $850,000 |
$56,000 | $614,000 |
| White |
476 | $92,466,000 |
$194,000 | $2,320,000 |
$80,000 | $768,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
958 | $203,020,000 |
$211,000 | $2,320,000 |
$71,000 | $768,000 |
| FHA-insured (Federal Housing Administration) |
66 | $11,398,000 |
$172,000 | $311,000 |
$58,000 | $180,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $220,000 |
$220,000 | $220,000 |
$67,000 | $67,000 |
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| Application Approved But Not Accepted |
4 | $894,000 |
$223,000 | $373,000 |
$45,000 | $84,000 |
| Application Denied By Financial Institution |
229 | $48,507,000 |
$211,000 | $850,000 |
$65,000 | $614,000 |
| Application Withdrawn By Applicant |
285 | $60,915,000 |
$213,000 | $2,320,000 |
$64,000 | $468,000 |
| File Closed For Incompleteness |
51 | $12,721,000 |
$249,000 | $790,000 |
$29,000 | $210,000 |
| Loan Originated |
456 | $91,601,000 |
$200,000 | $1,470,000 |
$81,000 | $768,000 |
| 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 |
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| Collateral |
58 | $12,261,000 |
$211,000 | $850,000 |
$71,000 | $293,000 |
| Credit Application Incomplete |
2 | $353,000 |
$176,000 | $203,000 |
$57,000 | $69,000 |
| Credit History |
28 | $5,491,000 |
$196,000 | $545,000 |
$105,000 | $614,000 |
| Debt-To-Income Ratio |
12 | $2,323,000 |
$193,000 | $409,000 |
$57,000 | $142,000 |
| Employment History |
2 | $273,000 |
$136,000 | $167,000 |
$71,000 | $79,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
19 | $3,601,000 |
$189,000 | $328,000 |
$65,000 | $95,000 |
| Unverifiable Information |
5 | $1,359,000 |
$271,000 | $488,000 |
$120,000 | $210,000 |
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Mortgage Loan App Totals for RESIDENTIAL ACCEPTANCE NETWORK by:
Metropolitan Area And
County
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