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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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RIGHT-AWAY MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
RIGHT-AWAY MORTGAGE, INC. |
| Address | 10833 VALLEY VIEW STREET SUITE 500
CYPRESS, CA 90630 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,633 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,532,371,000 |
| Average Mortgage Loan Amount Applied For | $201,523 |
| Highest Mortgage Loan Amount Applied For | $1,440,000 |
| Average Applicant Income | $88,906 |
| Highest Applicant Income | $2,381,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
3,908 | $922,855,000 |
$236,000 | $1,463,000 |
$118,000 | $1,440,000 |
| Refinancing |
2,660 | $872,314,000 |
$327,000 | $1,440,000 |
$107,000 | $2,381,000 |
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| American Indian or Alaskan Native |
23 | $4,808,000 |
$209,000 | $556,000 |
$95,000 | $219,000 |
| Asian |
359 | $120,155,000 |
$334,000 | $1,200,000 |
$166,000 | $2,381,000 |
| Black or African American |
1,001 | $239,520,000 |
$239,000 | $1,280,000 |
$105,000 | $809,000 |
| Hispanic |
3,089 | $811,531,000 |
$262,000 | $1,215,000 |
$109,000 | $754,000 |
| Native Hawaiin or Other Pacific Islander |
58 | $16,771,000 |
$289,000 | $700,000 |
$143,000 | $348,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,141 | $335,909,000 |
$294,000 | $1,463,000 |
$106,000 | $846,000 |
| White |
897 | $266,475,000 |
$297,000 | $1,440,000 |
$129,000 | $1,440,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,565 | $1,794,577,000 |
$273,000 | $1,463,000 |
$114,000 | $2,381,000 |
| FHA-insured (Federal Housing Administration) |
3 | $592,000 |
$197,000 | $409,000 |
$78,000 | $104,000 |
| 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 |
177 | $50,247,000 |
$283,000 | $1,400,000 |
$118,000 | $680,000 |
| Application Denied By Financial Institution |
1,713 | $493,996,000 |
$288,000 | $1,400,000 |
$122,000 | $792,000 |
| Application Withdrawn By Applicant |
2,797 | $763,869,000 |
$273,000 | $1,463,000 |
$112,000 | $2,381,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,881 | $487,057,000 |
$258,000 | $1,349,000 |
$109,000 | $1,014,000 |
| 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 |
495 | $144,556,000 |
$292,000 | $1,295,000 |
$138,000 | $731,000 |
| Credit Application Incomplete |
6 | $1,195,000 |
$199,000 | $535,000 |
$39,000 | $91,000 |
| Credit History |
659 | $180,547,000 |
$273,000 | $1,080,000 |
$106,000 | $528,000 |
| Debt-To-Income Ratio |
223 | $67,391,000 |
$302,000 | $1,080,000 |
$112,000 | $600,000 |
| Employment History |
89 | $27,360,000 |
$307,000 | $1,190,000 |
$153,000 | $534,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
22 | $8,716,000 |
$396,000 | $1,400,000 |
$138,000 | $522,000 |
| Mortgage Insurance Denied |
5 | $756,000 |
$151,000 | $374,000 |
$153,000 | $322,000 |
| Other |
80 | $24,127,000 |
$301,000 | $1,177,000 |
$123,000 | $318,000 |
| Unverifiable Information |
134 | $39,348,000 |
$293,000 | $1,000,000 |
$139,000 | $792,000 |
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Mortgage Loan App Totals for RIGHT-AWAY MORTGAGE, INC. by:
Metropolitan Area And
County
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