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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 PACIFIC FINANCIAL CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH PACIFIC FINANCIAL CORP |
| Address | 10737 LAUREL STREET #200
RANCHO CUCAMONGA, CA 91730 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,854 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $763,446,000 |
| Average Mortgage Loan Amount Applied For | $302,166 |
| Highest Mortgage Loan Amount Applied For | $2,450,000 |
| Average Applicant Income | $125,166 |
| Highest Applicant Income | $1,695,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,137 | $289,662,000 |
$254,000 | $2,450,000 |
$111,000 | $870,000 |
| Refinancing |
1,744 | $479,244,000 |
$274,000 | $1,500,000 |
$106,000 | $1,695,000 |
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| American Indian or Alaskan Native |
7 | $4,234,000 |
$604,000 | $2,450,000 |
$208,000 | $792,000 |
| Asian |
93 | $29,131,000 |
$313,000 | $1,235,000 |
$146,000 | $780,000 |
| Black or African American |
192 | $46,975,000 |
$244,000 | $800,000 |
$103,000 | $541,000 |
| Hispanic |
1,282 | $326,110,000 |
$254,000 | $1,222,000 |
$98,000 | $870,000 |
| Native Hawaiin or Other Pacific Islander |
22 | $6,937,000 |
$315,000 | $544,000 |
$138,000 | $260,000 |
| Not applicable |
1 | $227,000 |
$227,000 | $227,000 |
$55,000 | $55,000 |
| Not Provided |
56 | $13,689,000 |
$244,000 | $864,000 |
$87,000 | $187,000 |
| White |
1,228 | $341,603,000 |
$278,000 | $1,500,000 |
$116,000 | $1,695,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,764 | $744,651,000 |
$269,000 | $2,450,000 |
$110,000 | $1,695,000 |
| FHA-insured (Federal Housing Administration) |
106 | $21,330,000 |
$201,000 | $344,000 |
$64,000 | $179,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
11 | $2,925,000 |
$265,000 | $393,000 |
$77,000 | $106,000 |
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| Application Approved But Not Accepted |
581 | $160,831,000 |
$276,000 | $2,450,000 |
$109,000 | $792,000 |
| Application Denied By Financial Institution |
81 | $24,338,000 |
$300,000 | $712,000 |
$135,000 | $671,000 |
| Application Withdrawn By Applicant |
166 | $45,034,000 |
$271,000 | $1,036,000 |
$107,000 | $720,000 |
| File Closed For Incompleteness |
411 | $107,733,000 |
$262,000 | $865,000 |
$123,000 | $870,000 |
| Loan Originated |
1,642 | $430,970,000 |
$262,000 | $1,500,000 |
$103,000 | $1,695,000 |
| 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 | $2,538,000 |
$362,000 | $525,000 |
$218,000 | $671,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
15 | $4,595,000 |
$306,000 | $626,000 |
$119,000 | $258,000 |
| Debt-To-Income Ratio |
8 | $3,432,000 |
$429,000 | $640,000 |
$129,000 | $180,000 |
| Employment History |
1 | $660,000 |
$660,000 | $660,000 |
$240,000 | $240,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $777,000 |
$388,000 | $600,000 |
$131,000 | $192,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTH PACIFIC FINANCIAL CORP by:
Metropolitan Area And
County
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