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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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SECURITY MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SECURITY MORTGAGE CORPORATION |
| Address | 3724 N. 3RD STREET SUITE 200
PHOENIX, AZ 85012 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,813 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $355,733,000 |
| Average Mortgage Loan Amount Applied For | $194,434 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $134,913 |
| Highest Applicant Income | $1,373,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,017 | $179,490,000 |
$176,000 | $1,500,000 |
$111,000 | $1,373,000 |
| Refinancing |
796 | $176,243,000 |
$221,000 | $1,200,000 |
$104,000 | $840,000 |
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| American Indian or Alaskan Native |
2 | $400,000 |
$200,000 | $240,000 |
$84,000 | $120,000 |
| Asian |
18 | $3,408,000 |
$189,000 | $796,000 |
$121,000 | $295,000 |
| Black or African American |
52 | $9,408,000 |
$180,000 | $672,000 |
$107,000 | $264,000 |
| Hispanic |
284 | $45,183,000 |
$159,000 | $748,000 |
$73,000 | $312,000 |
| Native Hawaiin or Other Pacific Islander |
10 | $1,992,000 |
$199,000 | $417,000 |
$114,000 | $275,000 |
| Not applicable |
32 | $8,685,000 |
$271,000 | $1,000,000 |
$34,000 | $556,000 |
| Not Provided |
241 | $48,797,000 |
$202,000 | $975,000 |
$90,000 | $465,000 |
| White |
1,174 | $237,860,000 |
$202,000 | $1,500,000 |
$122,000 | $1,373,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,813 | $355,733,000 |
$196,000 | $1,500,000 |
$108,000 | $1,373,000 |
| 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 |
131 | $30,017,000 |
$229,000 | $1,000,000 |
$142,000 | $647,000 |
| Application Denied By Financial Institution |
20 | $2,653,000 |
$132,000 | $342,000 |
$82,000 | $232,000 |
| Application Withdrawn By Applicant |
319 | $62,782,000 |
$196,000 | $1,200,000 |
$79,000 | $1,373,000 |
| File Closed For Incompleteness |
59 | $11,894,000 |
$201,000 | $788,000 |
$126,000 | $555,000 |
| Loan Originated |
1,284 | $248,387,000 |
$193,000 | $1,500,000 |
$111,000 | $840,000 |
| 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 |
1 | $342,000 |
$342,000 | $342,000 |
$232,000 | $232,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $203,000 |
$101,000 | $184,000 |
$61,000 | $65,000 |
| Debt-To-Income Ratio |
1 | $46,000 |
$46,000 | $46,000 |
$48,000 | $48,000 |
| 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 SECURITY MORTGAGE CORPORATION by:
Metropolitan Area And
County
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