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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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SOUTH LAKE MORTGAGE BANKERS
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH LAKE MORTGAGE BANKERS |
| Address | 201 SOUTH LAKE AVENUE - SUITE 802
PASADENA, CA 91101 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 222 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $67,302,000 |
| Average Mortgage Loan Amount Applied For | $281,885 |
| Highest Mortgage Loan Amount Applied For | $2,400,000 |
| Average Applicant Income | $133,828 |
| Highest Applicant Income | $1,485,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
76 | $17,286,000 |
$227,000 | $981,000 |
$170,000 | $1,485,000 |
| Refinancing |
147 | $50,216,000 |
$341,000 | $2,400,000 |
$117,000 | $1,200,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $1,209,000 |
$604,000 | $876,000 |
$501,000 | $792,000 |
| Black or African American |
4 | $1,263,000 |
$315,000 | $358,000 |
$73,000 | $180,000 |
| Hispanic |
65 | $17,570,000 |
$270,000 | $856,000 |
$90,000 | $210,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
59 | $15,944,000 |
$270,000 | $2,352,000 |
$162,000 | $1,485,000 |
| White |
93 | $31,516,000 |
$338,000 | $2,400,000 |
$144,000 | $850,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
223 | $67,502,000 |
$302,000 | $2,400,000 |
$135,000 | $1,485,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
24 | $9,306,000 |
$387,000 | $2,352,000 |
$188,000 | $1,200,000 |
| Application Denied By Financial Institution |
7 | $1,469,000 |
$209,000 | $720,000 |
$77,000 | $144,000 |
| Application Withdrawn By Applicant |
15 | $4,554,000 |
$303,000 | $876,000 |
$163,000 | $792,000 |
| File Closed For Incompleteness |
7 | $1,961,000 |
$280,000 | $386,000 |
$79,000 | $133,000 |
| Loan Originated |
170 | $50,212,000 |
$295,000 | $2,400,000 |
$130,000 | $1,485,000 |
| 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 |
2 | $900,000 |
$450,000 | $720,000 |
$144,000 | $144,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTH LAKE MORTGAGE BANKERS by:
Metropolitan Area And
County
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