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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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SOUTHSTAR FUNDING, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHSTAR FUNDING, LLC |
| Address | 400 NORTHRDIGE ROAD, SUITE 1000
ATLANTA, GA 30350 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 95,717 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $13,799,618,000 |
| Average Mortgage Loan Amount Applied For | $96,265 |
| Highest Mortgage Loan Amount Applied For | $5,338,000 |
| Average Applicant Income | $66,832 |
| Highest Applicant Income | $6,000,000 |
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| Home Improvement |
1 | $36,000 |
$36,000 | $36,000 |
$65,000 | $65,000 |
| Home Purchase |
65,289 | $8,310,870,000 |
$127,000 | $5,338,000 |
$77,000 | $2,406,000 |
| Refinancing |
30,429 | $5,488,780,000 |
$180,000 | $2,594,000 |
$90,000 | $6,000,000 |
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| American Indian or Alaskan Native |
367 | $50,402,000 |
$137,000 | $1,190,000 |
$85,000 | $1,018,000 |
| Asian |
2,674 | $549,819,000 |
$205,000 | $5,338,000 |
$99,000 | $1,800,000 |
| Black or African American |
22,658 | $3,060,466,000 |
$135,000 | $2,145,000 |
$71,000 | $1,222,000 |
| Hispanic |
15,527 | $2,529,372,000 |
$162,000 | $1,310,000 |
$82,000 | $2,406,000 |
| Native Hawaiin or Other Pacific Islander |
531 | $93,374,000 |
$175,000 | $1,050,000 |
$107,000 | $2,155,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
12,560 | $1,864,756,000 |
$148,000 | $2,000,000 |
$83,000 | $2,035,000 |
| White |
41,402 | $5,651,497,000 |
$136,000 | $2,594,000 |
$84,000 | $6,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
95,719 | $13,799,686,000 |
$144,000 | $5,338,000 |
$81,000 | $6,000,000 |
| 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 |
9,845 | $1,479,824,000 |
$150,000 | $2,145,000 |
$81,000 | $1,560,000 |
| Application Denied By Financial Institution |
18,621 | $3,275,295,000 |
$175,000 | $5,338,000 |
$92,000 | $2,988,000 |
| Application Withdrawn By Applicant |
1 | $94,000 |
$94,000 | $94,000 |
$162,000 | $162,000 |
| File Closed For Incompleteness |
18,091 | $2,903,685,000 |
$160,000 | $2,210,000 |
$81,000 | $6,000,000 |
| Loan Originated |
49,161 | $6,140,788,000 |
$124,000 | $1,850,000 |
$77,000 | $2,406,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 SOUTHSTAR FUNDING, LLC by:
Metropolitan Area And
County
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