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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 HOME FUNDING CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
RESIDENTIAL HOME FUNDING CORP |
| Address | 704 QUINCE ORCHARD RD., STE 350
GAITHERSBURG, MD 20878 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 500 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $103,637,000 |
| Average Mortgage Loan Amount Applied For | $232,192 |
| Highest Mortgage Loan Amount Applied For | $960,000 |
| Average Applicant Income | $117,730 |
| Highest Applicant Income | $720,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
379 | $75,067,000 |
$198,000 | $960,000 |
$73,000 | $720,000 |
| Refinancing |
121 | $28,570,000 |
$236,000 | $704,000 |
$88,000 | $480,000 |
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| American Indian or Alaskan Native |
1 | $368,000 |
$368,000 | $368,000 |
$127,000 | $127,000 |
| Asian |
5 | $1,087,000 |
$217,000 | $457,000 |
$20,000 | $104,000 |
| Black or African American |
56 | $10,960,000 |
$195,000 | $650,000 |
$70,000 | $155,000 |
| Hispanic |
339 | $67,464,000 |
$199,000 | $639,000 |
$74,000 | $480,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $345,000 |
$115,000 | $196,000 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $544,000 |
$272,000 | $344,000 |
$107,000 | $138,000 |
| White |
94 | $22,869,000 |
$243,000 | $960,000 |
$95,000 | $720,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
463 | $93,426,000 |
$201,000 | $960,000 |
$76,000 | $720,000 |
| FHA-insured (Federal Housing Administration) |
36 | $10,046,000 |
$279,000 | $368,000 |
$87,000 | $159,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $165,000 |
$165,000 | $165,000 |
$180,000 | $180,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
24 | $4,739,000 |
$197,000 | $460,000 |
$89,000 | $214,000 |
| Application Withdrawn By Applicant |
69 | $14,087,000 |
$204,000 | $452,000 |
$72,000 | $290,000 |
| File Closed For Incompleteness |
12 | $2,216,000 |
$184,000 | $355,000 |
$85,000 | $180,000 |
| Loan Originated |
395 | $82,595,000 |
$209,000 | $960,000 |
$76,000 | $720,000 |
| 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 |
4 | $508,000 |
$127,000 | $224,000 |
$85,000 | $94,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
5 | $1,230,000 |
$246,000 | $460,000 |
$76,000 | $128,000 |
| Debt-To-Income Ratio |
2 | $418,000 |
$209,000 | $360,000 |
$71,000 | $77,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $778,000 |
$194,000 | $318,000 |
$10,000 | $43,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $411,000 |
$205,000 | $336,000 |
$100,000 | $100,000 |
| Unverifiable Information |
4 | $678,000 |
$169,000 | $232,000 |
$140,000 | $214,000 |
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Mortgage Loan App Totals for RESIDENTIAL HOME FUNDING CORP by:
Metropolitan Area And
County
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