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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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SECURED FUNDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
SECURED FUNDING |
| Address | 2955 REDHILL AVE
COSTA MESA, CA 92626 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,344 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $880,009,000 |
| Average Mortgage Loan Amount Applied For | $178,755 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $57,424 |
| Highest Applicant Income | $900,000 |
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| Home Improvement |
88 | $7,223,000 |
$82,000 | $580,000 |
$54,000 | $411,000 |
| Home Purchase |
35 | $4,765,000 |
$136,000 | $477,000 |
$72,000 | $322,000 |
| Refinancing |
4,221 | $868,021,000 |
$205,000 | $1,500,000 |
$66,000 | $900,000 |
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| American Indian or Alaskan Native |
30 | $3,851,000 |
$128,000 | $383,000 |
$65,000 | $168,000 |
| Asian |
67 | $10,865,000 |
$162,000 | $714,000 |
$82,000 | $480,000 |
| Black or African American |
141 | $20,470,000 |
$145,000 | $577,000 |
$59,000 | $428,000 |
| Hispanic |
246 | $43,688,000 |
$177,000 | $666,000 |
$66,000 | $336,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $1,941,000 |
$242,000 | $485,000 |
$88,000 | $205,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,457 | $555,429,000 |
$226,000 | $970,000 |
$68,000 | $900,000 |
| White |
1,395 | $243,765,000 |
$174,000 | $1,500,000 |
$63,000 | $600,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,340 | $879,726,000 |
$202,000 | $1,500,000 |
$66,000 | $900,000 |
| FHA-insured (Federal Housing Administration) |
2 | $195,000 |
$97,000 | $105,000 |
$36,000 | $38,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $88,000 |
$44,000 | $50,000 |
$58,000 | $72,000 |
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| Application Approved But Not Accepted |
2,180 | $471,735,000 |
$216,000 | $1,375,000 |
$68,000 | $900,000 |
| Application Denied By Financial Institution |
1,639 | $310,799,000 |
$189,000 | $1,500,000 |
$65,000 | $650,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
525 | $97,475,000 |
$185,000 | $970,000 |
$64,000 | $363,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SECURED FUNDING by:
Metropolitan Area And
County
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