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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 MORTGAGE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTH SHORE MORTGAGE, INC. |
| Address | 15375 BARRANCA PARKWAY, #A212
IRVINE, CA 92618 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 101 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $37,648,000 |
| Average Mortgage Loan Amount Applied For | $360,333 |
| Highest Mortgage Loan Amount Applied For | $3,450,000 |
| Average Applicant Income | $261,500 |
| Highest Applicant Income | $1,588,000 |
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| Home Improvement |
1 | $1,000,000 |
$1,000,000 | $1,000,000 |
$132,000 | $132,000 |
| Home Purchase |
50 | $15,064,000 |
$301,000 | $1,000,000 |
$133,000 | $366,000 |
| Refinancing |
50 | $21,584,000 |
$431,000 | $3,450,000 |
$162,000 | $1,588,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
2 | $475,000 |
$237,000 | $380,000 |
$126,000 | $132,000 |
| Black or African American |
6 | $1,332,000 |
$222,000 | $445,000 |
$177,000 | $240,000 |
| Hispanic |
20 | $6,475,000 |
$323,000 | $871,000 |
$196,000 | $1,588,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
44 | $14,410,000 |
$327,000 | $1,000,000 |
$140,000 | $342,000 |
| White |
29 | $14,956,000 |
$515,000 | $3,450,000 |
$120,000 | $366,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
101 | $37,648,000 |
$372,000 | $3,450,000 |
$147,000 | $1,588,000 |
| 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 |
14 | $5,596,000 |
$399,000 | $871,000 |
$124,000 | $228,000 |
| Application Denied By Financial Institution |
18 | $5,319,000 |
$295,000 | $656,000 |
$112,000 | $342,000 |
| Application Withdrawn By Applicant |
36 | $14,458,000 |
$401,000 | $3,450,000 |
$189,000 | $1,588,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
33 | $12,275,000 |
$371,000 | $705,000 |
$130,000 | $366,000 |
| 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 |
5 | $1,183,000 |
$236,000 | $488,000 |
$98,000 | $342,000 |
| Credit Application Incomplete |
2 | $760,000 |
$380,000 | $608,000 |
$198,000 | $198,000 |
| Credit History |
4 | $1,444,000 |
$361,000 | $656,000 |
$108,000 | $216,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $939,000 |
$313,000 | $436,000 |
$108,000 | $162,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
2 | $363,000 |
$181,000 | $311,000 |
$0 | $0 |
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Mortgage Loan App Totals for SOUTH SHORE MORTGAGE, INC. by:
Metropolitan Area And
County
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