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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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SOUTHWEST SECURITIES, FSB
Mortgage Loans and Application Details
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| Mortgage Company Name |
SOUTHWEST SECURITIES, FSB |
| Address | 301 SOUTH CENTER
ARLINGTON, TX 76010 |
| Agency | Office of Thrift Supervision (OTS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 554 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $65,462,000 |
| Average Mortgage Loan Amount Applied For | $180,418 |
| Highest Mortgage Loan Amount Applied For | $1,400,000 |
| Average Applicant Income | $120,418 |
| Highest Applicant Income | $687,000 |
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| Home Improvement |
65 | $2,426,000 |
$37,000 | $220,000 |
$101,000 | $290,000 |
| Home Purchase |
401 | $47,029,000 |
$117,000 | $1,400,000 |
$83,000 | $638,000 |
| Refinancing |
90 | $16,214,000 |
$180,000 | $700,000 |
$130,000 | $687,000 |
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| American Indian or Alaskan Native |
2 | $222,000 |
$111,000 | $115,000 |
$48,000 | $52,000 |
| Asian |
8 | $1,139,000 |
$142,000 | $262,000 |
$93,000 | $146,000 |
| Black or African American |
18 | $2,469,000 |
$137,000 | $596,000 |
$114,000 | $290,000 |
| Hispanic |
74 | $6,268,000 |
$84,000 | $432,000 |
$56,000 | $687,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $492,000 |
$164,000 | $256,000 |
$119,000 | $240,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
27 | $1,980,000 |
$73,000 | $200,000 |
$109,000 | $333,000 |
| White |
424 | $53,099,000 |
$125,000 | $1,400,000 |
$97,000 | $638,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
481 | $58,455,000 |
$121,000 | $1,400,000 |
$99,000 | $687,000 |
| FHA-insured (Federal Housing Administration) |
72 | $6,890,000 |
$95,000 | $201,000 |
$51,000 | $145,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
3 | $324,000 |
$108,000 | $122,000 |
$49,000 | $58,000 |
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| Application Approved But Not Accepted |
52 | $6,863,000 |
$131,000 | $888,000 |
$107,000 | $432,000 |
| Application Denied By Financial Institution |
32 | $2,699,000 |
$84,000 | $275,000 |
$86,000 | $468,000 |
| Application Withdrawn By Applicant |
10 | $1,332,000 |
$133,000 | $376,000 |
$76,000 | $251,000 |
| File Closed For Incompleteness |
32 | $3,641,000 |
$113,000 | $432,000 |
$104,000 | $687,000 |
| Loan Originated |
427 | $50,877,000 |
$119,000 | $1,400,000 |
$91,000 | $638,000 |
| Loan Purchased By The Institution |
1 | $50,000 |
$50,000 | $50,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $104,000 |
$104,000 | $104,000 |
$86,000 | $86,000 |
| Preapproval Denied by Financial Institution |
1 | $103,000 |
$103,000 | $103,000 |
$95,000 | $95,000 |
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| Collateral |
5 | $517,000 |
$103,000 | $266,000 |
$80,000 | $141,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
19 | $1,306,000 |
$68,000 | $240,000 |
$93,000 | $468,000 |
| Debt-To-Income Ratio |
4 | $420,000 |
$105,000 | $275,000 |
$76,000 | $121,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $251,000 |
$125,000 | $200,000 |
$60,000 | $91,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $25,000 |
$25,000 | $25,000 |
$105,000 | $105,000 |
| Unverifiable Information |
2 | $283,000 |
$141,000 | $180,000 |
$75,000 | $95,000 |
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Mortgage Loan App Totals for SOUTHWEST SECURITIES, FSB by:
Metropolitan Area And
County
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