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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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SHEA MORTGAGE INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
SHEA MORTGAGE INC. |
| Address | 1295 W. WASHINGTON STREET, SUITE 215
TEMPE, AZ 85281 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 7,352 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,988,034,000 |
| Average Mortgage Loan Amount Applied For | $209,033 |
| Highest Mortgage Loan Amount Applied For | $2,880,000 |
| Average Applicant Income | $102,458 |
| Highest Applicant Income | $2,820,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
6,912 | $1,895,361,000 |
$274,000 | $2,880,000 |
$119,000 | $2,820,000 |
| Refinancing |
440 | $92,673,000 |
$210,000 | $1,000,000 |
$86,000 | $1,650,000 |
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| American Indian or Alaskan Native |
22 | $4,866,000 |
$221,000 | $657,000 |
$104,000 | $432,000 |
| Asian |
638 | $202,554,000 |
$317,000 | $1,280,000 |
$132,000 | $834,000 |
| Black or African American |
263 | $69,113,000 |
$262,000 | $1,000,000 |
$99,000 | $450,000 |
| Hispanic |
691 | $174,341,000 |
$252,000 | $1,103,000 |
$95,000 | $480,000 |
| Native Hawaiin or Other Pacific Islander |
82 | $26,369,000 |
$321,000 | $2,572,000 |
$118,000 | $750,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,227 | $370,124,000 |
$301,000 | $1,391,000 |
$139,000 | $1,932,000 |
| White |
4,429 | $1,140,667,000 |
$257,000 | $2,880,000 |
$113,000 | $2,820,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,014 | $1,929,316,000 |
$275,000 | $2,880,000 |
$120,000 | $2,820,000 |
| FHA-insured (Federal Housing Administration) |
259 | $41,619,000 |
$160,000 | $368,000 |
$58,000 | $550,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $15,000 |
$15,000 | $15,000 |
$53,000 | $53,000 |
| VA-guaranteed (Veterans Administration) |
78 | $17,084,000 |
$219,000 | $417,000 |
$68,000 | $129,000 |
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| Application Approved But Not Accepted |
1,170 | $381,907,000 |
$326,000 | $2,528,000 |
$136,000 | $1,008,000 |
| Application Denied By Financial Institution |
110 | $26,096,000 |
$237,000 | $950,000 |
$106,000 | $720,000 |
| Application Withdrawn By Applicant |
760 | $214,277,000 |
$281,000 | $2,429,000 |
$121,000 | $834,000 |
| File Closed For Incompleteness |
130 | $36,424,000 |
$280,000 | $2,880,000 |
$129,000 | $864,000 |
| Loan Originated |
5,182 | $1,329,330,000 |
$256,000 | $1,391,000 |
$112,000 | $2,820,000 |
| 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 |
5 | $514,000 |
$102,000 | $284,000 |
$25,000 | $41,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
40 | $10,619,000 |
$265,000 | $950,000 |
$94,000 | $262,000 |
| Debt-To-Income Ratio |
20 | $5,038,000 |
$251,000 | $500,000 |
$95,000 | $233,000 |
| Employment History |
3 | $661,000 |
$220,000 | $416,000 |
$78,000 | $100,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
7 | $1,189,000 |
$169,000 | $370,000 |
$110,000 | $250,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
25 | $5,662,000 |
$226,000 | $544,000 |
$163,000 | $720,000 |
| Unverifiable Information |
10 | $2,413,000 |
$241,000 | $568,000 |
$83,000 | $230,000 |
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Mortgage Loan App Totals for SHEA MORTGAGE INC. by:
Metropolitan Area And
County
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