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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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SBMC MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
SBMC MORTGAGE |
| Address | 14761 CALIFA STREET
VAN NUYS, CA 91411 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 17,372 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $5,754,351,000 |
| Average Mortgage Loan Amount Applied For | $272,718 |
| Highest Mortgage Loan Amount Applied For | $4,000,000 |
| Average Applicant Income | $123,600 |
| Highest Applicant Income | $9,615,000 |
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| Home Improvement |
309 | $115,864,000 |
$374,000 | $1,480,000 |
$125,000 | $3,000,000 |
| Home Purchase |
6,584 | $2,073,939,000 |
$314,000 | $3,000,000 |
$159,000 | $9,360,000 |
| Refinancing |
10,479 | $3,564,548,000 |
$340,000 | $4,000,000 |
$134,000 | $9,615,000 |
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| American Indian or Alaskan Native |
32 | $9,866,000 |
$308,000 | $945,000 |
$101,000 | $299,000 |
| Asian |
916 | $330,384,000 |
$360,000 | $1,500,000 |
$148,000 | $9,615,000 |
| Black or African American |
659 | $223,311,000 |
$338,000 | $3,000,000 |
$144,000 | $1,260,000 |
| Hispanic |
7,183 | $2,152,685,000 |
$299,000 | $3,729,000 |
$127,000 | $9,480,000 |
| Native Hawaiin or Other Pacific Islander |
146 | $51,572,000 |
$353,000 | $1,313,000 |
$142,000 | $840,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,407 | $497,996,000 |
$353,000 | $1,650,000 |
$146,000 | $6,900,000 |
| White |
7,029 | $2,488,537,000 |
$354,000 | $4,000,000 |
$159,000 | $9,279,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
17,372 | $5,754,351,000 |
$331,000 | $4,000,000 |
$143,000 | $9,615,000 |
| 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 |
100 | $24,784,000 |
$247,000 | $880,000 |
$94,000 | $472,000 |
| Application Denied By Financial Institution |
2,516 | $816,417,000 |
$324,000 | $2,308,000 |
$174,000 | $9,167,000 |
| Application Withdrawn By Applicant |
4,153 | $1,433,266,000 |
$345,000 | $3,729,000 |
$133,000 | $7,500,000 |
| File Closed For Incompleteness |
47 | $9,517,000 |
$202,000 | $650,000 |
$86,000 | $375,000 |
| Loan Originated |
10,556 | $3,470,367,000 |
$328,000 | $4,000,000 |
$141,000 | $9,615,000 |
| 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 |
242 | $90,589,000 |
$374,000 | $1,950,000 |
$205,000 | $5,900,000 |
| Credit Application Incomplete |
7 | $1,372,000 |
$196,000 | $473,000 |
$96,000 | $144,000 |
| Credit History |
960 | $294,080,000 |
$306,000 | $2,308,000 |
$184,000 | $9,167,000 |
| Debt-To-Income Ratio |
100 | $33,436,000 |
$334,000 | $1,275,000 |
$153,000 | $1,500,000 |
| Employment History |
74 | $21,138,000 |
$285,000 | $656,000 |
$140,000 | $600,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
12 | $4,743,000 |
$395,000 | $744,000 |
$152,000 | $384,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
470 | $154,343,000 |
$328,000 | $2,000,000 |
$183,000 | $6,840,000 |
| Unverifiable Information |
93 | $29,410,000 |
$316,000 | $1,200,000 |
$128,000 | $520,000 |
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Mortgage Loan App Totals for SBMC MORTGAGE by:
Metropolitan Area And
County
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