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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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SAGE CREDIT COMPANY, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
SAGE CREDIT COMPANY, INC. |
| Address | 8001 IRVINE CENTER DRIVE, SECOND FLOOR
IRVINE, CA 92618 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,502 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $379,761,000 |
| Average Mortgage Loan Amount Applied For | $233,677 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $102,658 |
| Highest Applicant Income | $643,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
332 | $67,613,000 |
$203,000 | $1,255,000 |
$140,000 | $744,000 |
| Refinancing |
1,429 | $378,023,000 |
$264,000 | $1,500,000 |
$108,000 | $1,269,000 |
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| American Indian or Alaskan Native |
4 | $911,000 |
$227,000 | $335,000 |
$34,000 | $56,000 |
| Asian |
20 | $7,316,000 |
$365,000 | $1,020,000 |
$156,000 | $391,000 |
| Black or African American |
146 | $27,625,000 |
$189,000 | $760,000 |
$117,000 | $744,000 |
| Hispanic |
172 | $43,073,000 |
$250,000 | $840,000 |
$107,000 | $420,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $1,780,000 |
$254,000 | $645,000 |
$121,000 | $282,000 |
| Not applicable |
5 | $1,280,000 |
$256,000 | $500,000 |
$213,000 | $575,000 |
| Not Provided |
891 | $230,080,000 |
$258,000 | $1,255,000 |
$105,000 | $643,000 |
| White |
516 | $133,571,000 |
$258,000 | $1,500,000 |
$127,000 | $1,269,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,761 | $445,636,000 |
$253,000 | $1,500,000 |
$114,000 | $1,269,000 |
| 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 |
353 | $91,657,000 |
$259,000 | $1,255,000 |
$115,000 | $1,212,000 |
| Application Denied By Financial Institution |
161 | $40,601,000 |
$252,000 | $1,080,000 |
$123,000 | $1,269,000 |
| Application Withdrawn By Applicant |
505 | $128,553,000 |
$254,000 | $1,020,000 |
$111,000 | $643,000 |
| File Closed For Incompleteness |
43 | $12,390,000 |
$288,000 | $1,000,000 |
$104,000 | $300,000 |
| Loan Originated |
699 | $172,435,000 |
$246,000 | $1,500,000 |
$113,000 | $960,000 |
| 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 |
17 | $3,691,000 |
$217,000 | $627,000 |
$134,000 | $503,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
12 | $2,458,000 |
$204,000 | $637,000 |
$100,000 | $198,000 |
| Debt-To-Income Ratio |
11 | $2,459,000 |
$223,000 | $412,000 |
$110,000 | $420,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $196,000 |
$196,000 | $196,000 |
$69,000 | $69,000 |
| Mortgage Insurance Denied |
1 | $374,000 |
$374,000 | $374,000 |
$90,000 | $90,000 |
| Other |
28 | $5,562,000 |
$198,000 | $772,000 |
$120,000 | $240,000 |
| Unverifiable Information |
2 | $608,000 |
$304,000 | $320,000 |
$207,000 | $300,000 |
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Mortgage Loan App Totals for SAGE CREDIT COMPANY, INC. by:
Metropolitan Area And
County
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