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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 FINANCE AMERICA
Mortgage Loans and Application Details
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| Mortgage Company Name |
RESIDENTIAL FINANCE AMERICA |
| Address | 1301 DOVE STREET, STE 370
NEWPORT BEACH, CA 92660 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2004 |
| Total Number of Mortgage Loan Applications Processed | 79 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,636,000 |
| Average Mortgage Loan Amount Applied For | $170,923 |
| Highest Mortgage Loan Amount Applied For | $1,150,000 |
| Average Applicant Income | $109,923 |
| Highest Applicant Income | $360,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
195 | $35,182,000 |
$256,363 | $1,500,000 |
$107,090 | $360,000 |
| Refinancing |
261 | $43,194,000 |
$179,833 | $1,170,000 |
$89,166 | $360,000 |
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| American Indian or Alaskan Native |
2 | $354,000 |
$177,000 | $192,000 |
$75,000 | $116,000 |
| Asian |
16 | $3,823,000 |
$321,166 | $1,180,000 |
$90,166 | $217,000 |
| Black or African American |
68 | $11,218,000 |
$132,777 | $1,150,000 |
$89,333 | $260,000 |
| Hispanic |
108 | $11,910,000 |
$129,800 | $406,000 |
$46,400 | $243,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $965,000 |
$321,666 | $544,000 |
$88,666 | $136,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
71 | $16,449,000 |
$202,428 | $1,500,000 |
$101,142 | $360,000 |
| White |
188 | $33,657,000 |
$156,866 | $755,000 |
$83,066 | $360,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
455 | $78,289,000 |
$187,421 | $1,500,000 |
$98,315 | $360,000 |
| FHA-insured (Federal Housing Administration) |
1 | $87,000 |
$87,000 | $87,000 |
$37,000 | $37,000 |
| 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 |
11 | $1,155,000 |
$106,400 | $185,000 |
$88,000 | $192,000 |
| Application Denied By Financial Institution |
40 | $7,658,000 |
$180,000 | $1,150,000 |
$86,818 | $260,000 |
| Application Withdrawn By Applicant |
156 | $31,234,000 |
$227,785 | $1,500,000 |
$75,357 | $360,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
249 | $38,329,000 |
$165,833 | $657,000 |
$81,250 | $360,000 |
| 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 |
6 | $1,232,000 |
$319,666 | $755,000 |
$172,000 | $240,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
19 | $4,079,000 |
$184,833 | $1,150,000 |
$76,500 | $260,000 |
| Debt-To-Income Ratio |
1 | $153,000 |
$153,000 | $153,000 |
$98,000 | $98,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $536,000 |
$268,000 | $436,000 |
$95,000 | $95,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
9 | $1,330,000 |
$153,800 | $320,000 |
$51,000 | $79,000 |
| Unverifiable Information |
2 | $311,000 |
$155,500 | $175,000 |
$46,500 | $61,000 |
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Mortgage Loan App Totals for RESIDENTIAL FINANCE AMERICA by:
Metropolitan Area And
County
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