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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 SOLUTIONS, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUND MORTGAGE SOLUTIONS, INC. |
| Address | 6108 ARLINGTON RAOD
JACKSONVILLE, FL 32211 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 91 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $15,250,000 |
| Average Mortgage Loan Amount Applied For | $187,437 |
| Highest Mortgage Loan Amount Applied For | $1,350,000 |
| Average Applicant Income | $106,375 |
| Highest Applicant Income | $840,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
51 | $8,683,000 |
$170,000 | $1,350,000 |
$122,000 | $840,000 |
| Refinancing |
40 | $6,567,000 |
$164,000 | $417,000 |
$68,000 | $162,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
12 | $1,831,000 |
$152,000 | $417,000 |
$78,000 | $121,000 |
| Hispanic |
3 | $424,000 |
$141,000 | $184,000 |
$71,000 | $96,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
11 | $1,250,000 |
$113,000 | $280,000 |
$80,000 | $145,000 |
| White |
65 | $11,745,000 |
$180,000 | $1,350,000 |
$106,000 | $840,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
89 | $14,928,000 |
$167,000 | $1,350,000 |
$99,000 | $840,000 |
| FHA-insured (Federal Housing Administration) |
2 | $322,000 |
$161,000 | $186,000 |
$52,000 | $57,000 |
| 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 |
10 | $1,457,000 |
$145,000 | $410,000 |
$50,000 | $132,000 |
| Application Denied By Financial Institution |
23 | $3,914,000 |
$170,000 | $417,000 |
$110,000 | $296,000 |
| Application Withdrawn By Applicant |
0 | $0 |
$0 | $0 |
$0 | $0 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
58 | $9,879,000 |
$170,000 | $1,350,000 |
$102,000 | $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 |
7 | $851,000 |
$121,000 | $192,000 |
$56,000 | $70,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
6 | $1,580,000 |
$263,000 | $417,000 |
$202,000 | $296,000 |
| Debt-To-Income Ratio |
5 | $1,028,000 |
$205,000 | $417,000 |
$66,000 | $85,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $91,000 |
$91,000 | $91,000 |
$96,000 | $96,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
4 | $364,000 |
$91,000 | $164,000 |
$124,000 | $145,000 |
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Mortgage Loan App Totals for SOUND MORTGAGE SOLUTIONS, INC. by:
Metropolitan Area And
County
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