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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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STERLING-MERCER, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
STERLING-MERCER, INC. |
| Address | A LENDING GROUP 1100 W. SHAW AVE., SUITE
FRESNO, CA 93711 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 338 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $46,701,000 |
| Average Mortgage Loan Amount Applied For | $229,500 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $79,875 |
| Highest Applicant Income | $429,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
153 | $20,319,000 |
$132,000 | $525,000 |
$55,000 | $396,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
185 | $26,382,000 |
$142,000 | $1,000,000 |
$43,000 | $429,000 |
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| American Indian or Alaskan Native |
1 | $95,000 |
$95,000 | $95,000 |
$52,000 | $52,000 |
| Asian or Pacific Islander |
28 | $3,522,000 |
$125,000 | $210,000 |
$44,000 | $140,000 |
| Black |
32 | $3,597,000 |
$112,000 | $265,000 |
$41,000 | $92,000 |
| Hispanic |
87 | $11,100,000 |
$127,000 | $316,000 |
$28,000 | $129,000 |
| Information not provided by applicant in mail or telephone application |
2 | $1,038,000 |
$519,000 | $1,000,000 |
$153,000 | $288,000 |
| Not applicable |
26 | $3,148,000 |
$121,000 | $291,000 |
$15,000 | $114,000 |
| Other |
2 | $316,000 |
$158,000 | $171,000 |
$30,000 | $60,000 |
| White |
160 | $23,885,000 |
$149,000 | $641,000 |
$67,000 | $429,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
226 | $33,134,000 |
$146,000 | $1,000,000 |
$60,000 | $429,000 |
| FHA-insured (Federal Housing Administration) |
108 | $12,975,000 |
$120,000 | $157,000 |
$27,000 | $129,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
4 | $592,000 |
$148,000 | $170,000 |
$29,000 | $62,000 |
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| Application Approved But Not Accepted |
2 | $172,000 |
$86,000 | $134,000 |
$19,000 | $20,000 |
| Application Denied By Financial Institution |
1 | $135,000 |
$135,000 | $135,000 |
$49,000 | $49,000 |
| Application Withdrawn By Applicant |
51 | $6,315,000 |
$123,000 | $1,000,000 |
$48,000 | $288,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
284 | $40,079,000 |
$141,000 | $641,000 |
$48,000 | $429,000 |
| Loan Purchased By The 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 |
1 | $135,000 |
$135,000 | $135,000 |
$49,000 | $49,000 |
| 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 STERLING-MERCER, INC. by:
Metropolitan Area And
County
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