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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 MORTGAGE CAPITAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
RESIDENTIAL MORTGAGE CAPITAL |
| Address | 781 LINCOLN AVE STE 200
SAN RAFAEL, CA 94901 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 11,934 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $4,605,250,000 |
| Average Mortgage Loan Amount Applied For | $289,290 |
| Highest Mortgage Loan Amount Applied For | $8,500,000 |
| Average Applicant Income | $142,983 |
| Highest Applicant Income | $5,100,000 |
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| Home Improvement |
71 | $28,157,000 |
$396,000 | $1,108,000 |
$163,000 | $459,000 |
| Home Purchase |
5,155 | $1,916,323,000 |
$371,000 | $4,000,000 |
$192,000 | $5,100,000 |
| Refinancing |
6,973 | $2,755,797,000 |
$395,000 | $8,500,000 |
$167,000 | $2,796,000 |
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| American Indian or Alaskan Native |
27 | $10,792,000 |
$399,000 | $1,000,000 |
$212,000 | $650,000 |
| Asian |
1,153 | $449,719,000 |
$390,000 | $2,660,000 |
$180,000 | $1,021,000 |
| Black or African American |
417 | $135,306,000 |
$324,000 | $1,268,000 |
$155,000 | $792,000 |
| Hispanic |
2,742 | $851,637,000 |
$310,000 | $1,729,000 |
$134,000 | $1,200,000 |
| Native Hawaiin or Other Pacific Islander |
167 | $54,678,000 |
$327,000 | $984,000 |
$161,000 | $768,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,415 | $561,767,000 |
$397,000 | $6,950,000 |
$179,000 | $2,796,000 |
| White |
6,278 | $2,636,378,000 |
$419,000 | $8,500,000 |
$197,000 | $5,100,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
12,199 | $4,700,277,000 |
$385,000 | $8,500,000 |
$177,000 | $5,100,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
8 | $2,611,000 |
$326,000 | $605,000 |
$143,000 | $249,000 |
| Application Denied By Financial Institution |
2,137 | $781,263,000 |
$365,000 | $6,950,000 |
$187,000 | $2,400,000 |
| Application Withdrawn By Applicant |
2,021 | $805,070,000 |
$398,000 | $8,500,000 |
$179,000 | $2,571,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
8,025 | $3,108,414,000 |
$387,000 | $4,500,000 |
$174,000 | $5,100,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $330,000 |
$330,000 | $330,000 |
$73,000 | $73,000 |
| Preapproval Denied by Financial Institution |
7 | $2,589,000 |
$369,000 | $640,000 |
$134,000 | $161,000 |
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| Collateral |
55 | $27,865,000 |
$506,000 | $1,700,000 |
$307,000 | $1,038,000 |
| Credit Application Incomplete |
1 | $740,000 |
$740,000 | $740,000 |
$0 | $0 |
| Credit History |
137 | $43,278,000 |
$315,000 | $1,000,000 |
$158,000 | $533,000 |
| Debt-To-Income Ratio |
73 | $26,808,000 |
$367,000 | $1,488,000 |
$188,000 | $645,000 |
| Employment History |
27 | $14,805,000 |
$548,000 | $1,500,000 |
$336,000 | $1,615,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
14 | $3,723,000 |
$265,000 | $700,000 |
$152,000 | $217,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
91 | $29,153,000 |
$320,000 | $1,500,000 |
$138,000 | $422,000 |
| Unverifiable Information |
44 | $17,378,000 |
$394,000 | $1,000,000 |
$228,000 | $669,000 |
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Mortgage Loan App Totals for RESIDENTIAL MORTGAGE CAPITAL by:
Metropolitan Area And
County
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