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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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SOUND MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUND MORTGAGE, INC. |
| Address | 815 SOUTH 336TH STREET
FEDERAL WAY, WA 98003 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 35 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $6,598,000 |
| Average Mortgage Loan Amount Applied For | $171,000 |
| Highest Mortgage Loan Amount Applied For | $341,000 |
| Average Applicant Income | $56,272 |
| Highest Applicant Income | $132,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
15 | $3,009,000 |
$200,000 | $341,000 |
$61,000 | $132,000 |
| Refinancing |
21 | $3,835,000 |
$182,000 | $296,000 |
$59,000 | $124,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $133,000 |
$133,000 | $133,000 |
$46,000 | $46,000 |
| Black or African American |
2 | $381,000 |
$190,000 | $193,000 |
$45,000 | $53,000 |
| Hispanic |
1 | $264,000 |
$264,000 | $264,000 |
$69,000 | $69,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
32 | $6,066,000 |
$189,000 | $341,000 |
$61,000 | $132,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FHA-insured (Federal Housing Administration) |
36 | $6,844,000 |
$190,000 | $341,000 |
$60,000 | $132,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
5 | $975,000 |
$195,000 | $246,000 |
$58,000 | $107,000 |
| Application Withdrawn By Applicant |
2 | $386,000 |
$193,000 | $222,000 |
$53,000 | $55,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
29 | $5,483,000 |
$189,000 | $341,000 |
$61,000 | $132,000 |
| 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 |
3 | $567,000 |
$189,000 | $246,000 |
$63,000 | $107,000 |
| Debt-To-Income Ratio |
1 | $220,000 |
$220,000 | $220,000 |
$50,000 | $50,000 |
| 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 |
1 | $188,000 |
$188,000 | $188,000 |
$51,000 | $51,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUND MORTGAGE, INC. by:
Metropolitan Area And
County
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