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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 CORPORATIO
Mortgage Loans and Application Details
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| Mortgage Company Name |
RESIDENTIAL FINANCE CORPORATIO |
| Address | 401 NORTH FRONT STREET SUITE 300
COLUMBUS, OH 43215 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,597 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $334,964,000 |
| Average Mortgage Loan Amount Applied For | $207,845 |
| Highest Mortgage Loan Amount Applied For | $1,620,000 |
| Average Applicant Income | $87,978 |
| Highest Applicant Income | $780,000 |
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| Home Improvement |
1 | $104,000 |
$104,000 | $104,000 |
$250,000 | $250,000 |
| Home Purchase |
68 | $10,791,000 |
$158,000 | $441,000 |
$83,000 | $217,000 |
| Refinancing |
1,528 | $324,069,000 |
$212,000 | $1,620,000 |
$91,000 | $780,000 |
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| American Indian or Alaskan Native |
5 | $823,000 |
$164,000 | $326,000 |
$136,000 | $410,000 |
| Asian |
9 | $2,329,000 |
$258,000 | $536,000 |
$114,000 | $175,000 |
| Black or African American |
116 | $23,540,000 |
$202,000 | $994,000 |
$82,000 | $420,000 |
| Hispanic |
50 | $11,389,000 |
$227,000 | $600,000 |
$74,000 | $156,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $460,000 |
$230,000 | $368,000 |
$97,000 | $97,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
725 | $149,153,000 |
$205,000 | $1,620,000 |
$91,000 | $720,000 |
| White |
690 | $147,270,000 |
$213,000 | $1,500,000 |
$92,000 | $780,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,497 | $317,699,000 |
$212,000 | $1,620,000 |
$92,000 | $780,000 |
| FHA-insured (Federal Housing Administration) |
100 | $17,265,000 |
$172,000 | $296,000 |
$68,000 | $143,000 |
| 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 |
158 | $35,157,000 |
$222,000 | $900,000 |
$83,000 | $324,000 |
| Application Denied By Financial Institution |
53 | $11,880,000 |
$224,000 | $664,000 |
$94,000 | $780,000 |
| Application Withdrawn By Applicant |
758 | $147,864,000 |
$195,000 | $1,620,000 |
$93,000 | $720,000 |
| File Closed For Incompleteness |
26 | $8,883,000 |
$341,000 | $1,345,000 |
$138,000 | $593,000 |
| Loan Originated |
602 | $131,180,000 |
$217,000 | $1,500,000 |
$87,000 | $780,000 |
| 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 |
3 | $474,000 |
$158,000 | $240,000 |
$45,000 | $51,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $876,000 |
$219,000 | $278,000 |
$63,000 | $77,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
1 | $266,000 |
$266,000 | $266,000 |
$91,000 | $91,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $302,000 |
$302,000 | $302,000 |
$64,000 | $64,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $832,000 |
$277,000 | $448,000 |
$111,000 | $130,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for RESIDENTIAL FINANCE CORPORATIO by:
Metropolitan Area And
County
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