| $3,446,236,491 in Mortgage Loans Applied for in 2008 from 17,391,570 Applications |
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SOUTH PACIFIC FINANCIAL CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH PACIFIC FINANCIAL CORP |
| Address | 10737 LAUREL STREET, SUITE #200
RANCHO CUCAMONGA, CA 91730 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2007 |
| Data Years (click a year for detail) | 2003 2004 2005 2006 2007 2008 |
| Total Number of Mortgage Loan Applications Processed | 2,175 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $600,280,000 |
| Average Mortgage Loan Amount Applied For | $275,682 |
| Highest Mortgage Loan Amount Applied For | $1,400,000 |
| Average Applicant Income | $100,658 |
| Highest Applicant Income | $1,920,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
957 | $252,638,000 |
$263,000 | $1,000,000 |
$102,000 | $1,920,000 |
| Refinancing |
1,220 | $348,184,000 |
$285,000 | $1,400,000 |
$102,000 | $1,467,000 |
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| American Indian or Alaskan Native |
8 | $2,813,000 |
$351,000 | $772,000 |
$165,000 | $324,000 |
| Asian |
65 | $19,560,000 |
$300,000 | $904,000 |
$128,000 | $480,000 |
| Black or African American |
145 | $43,445,000 |
$299,000 | $1,388,000 |
$107,000 | $900,000 |
| Hispanic |
926 | $240,346,000 |
$259,000 | $760,000 |
$85,000 | $720,000 |
| Native Hawaiin or Other Pacific Islander |
16 | $4,635,000 |
$289,000 | $647,000 |
$127,000 | $285,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
301 | $93,752,000 |
$311,000 | $1,400,000 |
$113,000 | $1,467,000 |
| White |
716 | $196,271,000 |
$274,000 | $1,000,000 |
$115,000 | $1,920,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,023 | $565,417,000 |
$279,000 | $1,400,000 |
$104,000 | $1,920,000 |
| FHA-insured (Federal Housing Administration) |
142 | $32,242,000 |
$227,000 | $380,000 |
$70,000 | $382,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
12 | $3,163,000 |
$263,000 | $424,000 |
$82,000 | $164,000 |
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| Application Approved But Not Accepted |
517 | $144,676,000 |
$279,000 | $1,369,000 |
$99,000 | $1,467,000 |
| Application Denied By Financial Institution |
197 | $52,745,000 |
$267,000 | $1,388,000 |
$104,000 | $294,000 |
| Application Withdrawn By Applicant |
78 | $22,424,000 |
$287,000 | $960,000 |
$88,000 | $480,000 |
| File Closed For Incompleteness |
450 | $126,797,000 |
$281,000 | $1,400,000 |
$105,000 | $900,000 |
| Loan Originated |
935 | $254,180,000 |
$271,000 | $1,106,000 |
$103,000 | $1,920,000 |
| 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 | $256,000 |
$256,000 | $256,000 |
$168,000 | $168,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $1,823,000 |
$260,000 | $520,000 |
$110,000 | $220,000 |
| Debt-To-Income Ratio |
8 | $2,050,000 |
$256,000 | $544,000 |
$102,000 | $190,000 |
| Employment History |
1 | $170,000 |
$170,000 | $170,000 |
$38,000 | $38,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
13 | $2,729,000 |
$209,000 | $531,000 |
$86,000 | $187,000 |
| Unverifiable Information |
2 | $726,000 |
$363,000 | $400,000 |
$90,000 | $98,000 |
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Mortgage Loan Application Totals for SOUTH PACIFIC FINANCIAL CORP by:
Metropolitan Area And
County
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