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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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SPECIALTY MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SPECIALTY MORTGAGE CORPORATION |
| Address | 2901 JUAN TABO NE, STE 100
ALBUQUERQUE, NM 87112 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2004 |
| All Data Years | 2003 2004 |
| Total Number of Mortgage Loan Applications Processed | 4,842 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $552,467,000 |
| Average Mortgage Loan Amount Applied For | $110,572 |
| Highest Mortgage Loan Amount Applied For | $680,000 |
| Average Applicant Income | $54,165 |
| Highest Applicant Income | $1,995,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
3,280 | $360,738,000 |
$112,171 | $675,000 |
$52,514 | $750,000 |
| Refinancing |
1,562 | $191,729,000 |
$126,100 | $680,000 |
$60,600 | $1,995,000 |
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| American Indian or Alaskan Native |
23 | $2,163,000 |
$108,727 | $261,000 |
$46,363 | $81,000 |
| Asian |
60 | $8,603,000 |
$141,000 | $380,000 |
$81,187 | $240,000 |
| Black or African American |
1,499 | $166,745,000 |
$125,071 | $675,000 |
$52,178 | $750,000 |
| Hispanic |
534 | $63,328,000 |
$127,086 | $500,000 |
$59,434 | $345,000 |
| Native Hawaiin or Other Pacific Islander |
10 | $928,000 |
$95,666 | $134,000 |
$70,500 | $147,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
808 | $89,561,000 |
$118,758 | $625,000 |
$58,172 | $300,000 |
| White |
1,908 | $221,139,000 |
$116,687 | $680,000 |
$56,437 | $1,995,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,842 | $552,467,000 |
$116,000 | $680,000 |
$53,857 | $1,995,000 |
| 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 |
2,234 | $262,224,000 |
$123,062 | $680,000 |
$57,156 | $1,995,000 |
| Application Denied By Financial Institution |
1,176 | $128,704,000 |
$109,294 | $675,000 |
$52,705 | $750,000 |
| Application Withdrawn By Applicant |
34 | $3,777,000 |
$107,214 | $265,000 |
$51,642 | $296,000 |
| File Closed For Incompleteness |
1 | $106,000 |
$106,000 | $106,000 |
$60,000 | $60,000 |
| Loan Originated |
1,397 | $157,656,000 |
$114,400 | $452,000 |
$54,933 | $747,000 |
| 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 |
10 | $952,000 |
$100,142 | $133,000 |
$37,000 | $91,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for SPECIALTY MORTGAGE CORPORATION by:
Metropolitan Area And
County
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