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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
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH LAKE MORTGAGE |
| Address | 24422 AVENIDA DE LA CARLOTA, SUTIE 120
LAGUNA HILLS, CA 92653 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,525 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $801,686,000 |
| Average Mortgage Loan Amount Applied For | $292,480 |
| Highest Mortgage Loan Amount Applied For | $1,575,000 |
| Average Applicant Income | $145,070 |
| Highest Applicant Income | $1,883,000 |
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| Home Improvement |
1 | $228,000 |
$228,000 | $228,000 |
$80,000 | $80,000 |
| Home Purchase |
1,268 | $349,319,000 |
$275,000 | $1,575,000 |
$152,000 | $1,076,000 |
| Refinancing |
1,256 | $452,139,000 |
$359,000 | $1,485,000 |
$147,000 | $1,883,000 |
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| American Indian or Alaskan Native |
7 | $2,565,000 |
$366,000 | $787,000 |
$238,000 | $578,000 |
| Asian |
104 | $35,591,000 |
$342,000 | $1,200,000 |
$175,000 | $491,000 |
| Black or African American |
288 | $95,319,000 |
$330,000 | $1,485,000 |
$163,000 | $1,076,000 |
| Hispanic |
1,124 | $311,765,000 |
$277,000 | $1,575,000 |
$133,000 | $1,883,000 |
| Native Hawaiin or Other Pacific Islander |
42 | $15,119,000 |
$359,000 | $809,000 |
$177,000 | $369,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
417 | $149,302,000 |
$358,000 | $1,350,000 |
$147,000 | $844,000 |
| White |
543 | $192,025,000 |
$353,000 | $1,360,000 |
$170,000 | $1,071,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,525 | $801,686,000 |
$317,000 | $1,575,000 |
$149,000 | $1,883,000 |
| 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 |
905 | $293,666,000 |
$324,000 | $1,575,000 |
$146,000 | $1,341,000 |
| Application Denied By Financial Institution |
891 | $282,697,000 |
$317,000 | $1,485,000 |
$156,000 | $1,076,000 |
| Application Withdrawn By Applicant |
128 | $38,666,000 |
$302,000 | $1,360,000 |
$163,000 | $921,000 |
| File Closed For Incompleteness |
58 | $18,379,000 |
$316,000 | $800,000 |
$153,000 | $528,000 |
| Loan Originated |
543 | $168,278,000 |
$309,000 | $1,200,000 |
$141,000 | $1,883,000 |
| 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 |
79 | $25,421,000 |
$321,000 | $1,485,000 |
$211,000 | $1,076,000 |
| Credit Application Incomplete |
4 | $1,147,000 |
$286,000 | $680,000 |
$148,000 | $360,000 |
| Credit History |
284 | $87,759,000 |
$309,000 | $1,350,000 |
$139,000 | $669,000 |
| Debt-To-Income Ratio |
114 | $37,209,000 |
$326,000 | $842,000 |
$126,000 | $578,000 |
| Employment History |
62 | $22,155,000 |
$357,000 | $1,000,000 |
$154,000 | $369,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
33 | $9,527,000 |
$288,000 | $816,000 |
$154,000 | $441,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
61 | $20,128,000 |
$329,000 | $990,000 |
$185,000 | $859,000 |
| Unverifiable Information |
77 | $24,911,000 |
$323,000 | $933,000 |
$178,000 | $558,000 |
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Mortgage Loan App Totals for SOUTH LAKE MORTGAGE by:
Metropolitan Area And
County
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