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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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SIERRA PACIFIC MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
SIERRA PACIFIC MORTGAGE |
| Address | 50 IRON POINT CIRCLE, SUITE 200
FOLSOM, CA 95630 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 46,445 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $11,834,084,000 |
| Average Mortgage Loan Amount Applied For | $193,907 |
| Highest Mortgage Loan Amount Applied For | $6,500,000 |
| Average Applicant Income | $97,543 |
| Highest Applicant Income | $9,999,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
25,157 | $5,650,306,000 |
$224,000 | $2,590,000 |
$111,000 | $2,440,000 |
| Refinancing |
29,421 | $8,213,593,000 |
$279,000 | $6,500,000 |
$106,000 | $9,999,000 |
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| American Indian or Alaskan Native |
200 | $47,733,000 |
$238,000 | $1,213,000 |
$116,000 | $2,182,000 |
| Asian |
4,091 | $1,326,488,000 |
$324,000 | $2,085,000 |
$131,000 | $3,612,000 |
| Black or African American |
1,900 | $468,780,000 |
$246,000 | $1,296,000 |
$101,000 | $1,026,000 |
| Hispanic |
11,753 | $2,756,959,000 |
$234,000 | $1,645,000 |
$89,000 | $2,219,000 |
| Native Hawaiin or Other Pacific Islander |
642 | $186,981,000 |
$291,000 | $1,500,000 |
$124,000 | $1,070,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
3,080 | $841,120,000 |
$273,000 | $3,000,000 |
$114,000 | $1,800,000 |
| White |
32,912 | $8,235,838,000 |
$250,000 | $6,500,000 |
$112,000 | $9,999,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
53,895 | $13,740,797,000 |
$254,000 | $6,500,000 |
$109,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) |
478 | $77,946,000 |
$163,000 | $355,000 |
$57,000 | $491,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
205 | $45,156,000 |
$220,000 | $417,000 |
$66,000 | $152,000 |
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| Application Approved But Not Accepted |
8,526 | $2,326,075,000 |
$272,000 | $5,596,000 |
$114,000 | $2,440,000 |
| Application Denied By Financial Institution |
7,340 | $1,716,460,000 |
$233,000 | $6,500,000 |
$112,000 | $3,612,000 |
| Application Withdrawn By Applicant |
2,420 | $697,407,000 |
$288,000 | $2,590,000 |
$127,000 | $9,999,000 |
| File Closed For Incompleteness |
1,706 | $448,307,000 |
$262,000 | $1,850,000 |
$106,000 | $957,000 |
| Loan Originated |
33,054 | $8,244,681,000 |
$249,000 | $3,500,000 |
$104,000 | $2,673,000 |
| Loan Purchased By The Institution |
1,532 | $430,969,000 |
$281,000 | $1,785,000 |
$121,000 | $1,440,000 |
| 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 |
720 | $190,183,000 |
$264,000 | $6,500,000 |
$139,000 | $2,376,000 |
| Credit Application Incomplete |
185 | $38,870,000 |
$210,000 | $1,430,000 |
$83,000 | $780,000 |
| Credit History |
2,518 | $588,312,000 |
$233,000 | $1,673,000 |
$105,000 | $3,612,000 |
| Debt-To-Income Ratio |
666 | $164,580,000 |
$247,000 | $2,700,000 |
$98,000 | $720,000 |
| Employment History |
312 | $69,466,000 |
$222,000 | $1,000,000 |
$107,000 | $452,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
220 | $54,208,000 |
$246,000 | $896,000 |
$112,000 | $441,000 |
| Mortgage Insurance Denied |
4 | $759,000 |
$189,000 | $417,000 |
$131,000 | $297,000 |
| Other |
2,498 | $557,837,000 |
$223,000 | $3,500,000 |
$117,000 | $2,067,000 |
| Unverifiable Information |
217 | $52,245,000 |
$240,000 | $1,000,000 |
$119,000 | $816,000 |
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Mortgage Loan App Totals for SIERRA PACIFIC MORTGAGE by:
Metropolitan Area And
County
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