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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 SHORE FINANCIAL SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH SHORE FINANCIAL SERVICES |
| Address | 1 ORCHARD, SUITE 235
LAKE FOREST, CA 92630 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 259 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $88,880,000 |
| Average Mortgage Loan Amount Applied For | $338,535 |
| Highest Mortgage Loan Amount Applied For | $1,540,000 |
| Average Applicant Income | $162,250 |
| Highest Applicant Income | $1,445,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
89 | $27,818,000 |
$312,000 | $1,540,000 |
$169,000 | $972,000 |
| Refinancing |
170 | $61,062,000 |
$359,000 | $1,160,000 |
$176,000 | $1,445,000 |
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| American Indian or Alaskan Native |
1 | $185,000 |
$185,000 | $185,000 |
$79,000 | $79,000 |
| Asian |
15 | $5,319,000 |
$354,000 | $780,000 |
$150,000 | $360,000 |
| Black or African American |
24 | $5,788,000 |
$241,000 | $528,000 |
$106,000 | $171,000 |
| Hispanic |
46 | $12,986,000 |
$282,000 | $743,000 |
$89,000 | $186,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $256,000 |
$256,000 | $256,000 |
$165,000 | $165,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
18 | $6,093,000 |
$338,000 | $779,000 |
$113,000 | $287,000 |
| White |
154 | $58,253,000 |
$378,000 | $1,540,000 |
$219,000 | $1,445,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
259 | $88,880,000 |
$343,000 | $1,540,000 |
$173,000 | $1,445,000 |
| 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 |
4 | $1,212,000 |
$303,000 | $619,000 |
$83,000 | $166,000 |
| Application Denied By Financial Institution |
14 | $5,360,000 |
$382,000 | $990,000 |
$600,000 | $1,445,000 |
| Application Withdrawn By Applicant |
72 | $24,389,000 |
$338,000 | $1,540,000 |
$140,000 | $552,000 |
| File Closed For Incompleteness |
3 | $1,038,000 |
$346,000 | $488,000 |
$131,000 | $152,000 |
| Loan Originated |
166 | $56,881,000 |
$342,000 | $1,500,000 |
$154,000 | $972,000 |
| 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 | $347,000 |
$173,000 | $292,000 |
$120,000 | $120,000 |
| 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) |
1 | $145,000 |
$145,000 | $145,000 |
$125,000 | $125,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $1,057,000 |
$528,000 | $779,000 |
$147,000 | $216,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTH SHORE FINANCIAL SERVICES by:
Metropolitan Area And
County
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