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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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RESOURCE LENDERS, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
RESOURCE LENDERS, INC. |
| Address | 7330 N. PALM AVE
FRESNO, CA 93711 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,531 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $800,344,000 |
| Average Mortgage Loan Amount Applied For | $271,078 |
| Highest Mortgage Loan Amount Applied For | $1,489,000 |
| Average Applicant Income | $147,105 |
| Highest Applicant Income | $2,858,000 |
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| Home Improvement |
17 | $3,119,000 |
$183,000 | $545,000 |
$109,000 | $272,000 |
| Home Purchase |
1,774 | $390,285,000 |
$220,000 | $1,040,000 |
$118,000 | $2,858,000 |
| Refinancing |
1,740 | $406,940,000 |
$233,000 | $1,489,000 |
$109,000 | $1,200,000 |
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| American Indian or Alaskan Native |
15 | $3,841,000 |
$256,000 | $445,000 |
$168,000 | $374,000 |
| Asian |
152 | $36,743,000 |
$241,000 | $1,000,000 |
$119,000 | $515,000 |
| Black or African American |
95 | $19,953,000 |
$210,000 | $565,000 |
$105,000 | $257,000 |
| Hispanic |
1,090 | $218,059,000 |
$200,000 | $720,000 |
$84,000 | $477,000 |
| Native Hawaiin or Other Pacific Islander |
21 | $5,041,000 |
$240,000 | $417,000 |
$115,000 | $302,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
22 | $6,015,000 |
$273,000 | $578,000 |
$103,000 | $282,000 |
| White |
2,136 | $510,692,000 |
$239,000 | $1,489,000 |
$128,000 | $2,858,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,526 | $799,320,000 |
$226,000 | $1,489,000 |
$113,000 | $2,858,000 |
| FHA-insured (Federal Housing Administration) |
1 | $69,000 |
$69,000 | $69,000 |
$29,000 | $29,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $955,000 |
$238,000 | $260,000 |
$78,000 | $116,000 |
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| Application Approved But Not Accepted |
328 | $79,070,000 |
$241,000 | $968,000 |
$111,000 | $844,000 |
| Application Denied By Financial Institution |
203 | $41,471,000 |
$204,000 | $1,489,000 |
$118,000 | $1,200,000 |
| Application Withdrawn By Applicant |
184 | $38,510,000 |
$209,000 | $1,040,000 |
$100,000 | $723,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
2,816 | $641,293,000 |
$227,000 | $1,400,000 |
$114,000 | $2,858,000 |
| 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 |
18 | $5,071,000 |
$281,000 | $650,000 |
$185,000 | $782,000 |
| Credit Application Incomplete |
2 | $1,628,000 |
$814,000 | $1,489,000 |
$228,000 | $419,000 |
| Credit History |
85 | $15,156,000 |
$178,000 | $663,000 |
$93,000 | $224,000 |
| Debt-To-Income Ratio |
23 | $3,761,000 |
$163,000 | $500,000 |
$79,000 | $198,000 |
| Employment History |
15 | $3,087,000 |
$205,000 | $568,000 |
$91,000 | $167,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $1,061,000 |
$353,000 | $508,000 |
$69,000 | $138,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
48 | $9,756,000 |
$203,000 | $1,463,000 |
$162,000 | $1,200,000 |
| Unverifiable Information |
9 | $1,951,000 |
$216,000 | $440,000 |
$124,000 | $247,000 |
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Mortgage Loan App Totals for RESOURCE LENDERS, INC. by:
Metropolitan Area And
County
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