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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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SUNSET DIRECT LENDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUNSET DIRECT LENDING |
| Address | 5000 SW MEADOWS ROAD SUITE 131
LAKE OSWEGO, OR 97035 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 6,684 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,206,543,000 |
| Average Mortgage Loan Amount Applied For | $147,915 |
| Highest Mortgage Loan Amount Applied For | $2,080,000 |
| Average Applicant Income | $81,552 |
| Highest Applicant Income | $1,991,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
4,665 | $793,391,000 |
$170,000 | $1,750,000 |
$96,000 | $1,991,000 |
| Refinancing |
2,024 | $413,779,000 |
$204,000 | $2,080,000 |
$92,000 | $1,715,000 |
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| American Indian or Alaskan Native |
31 | $4,786,000 |
$154,000 | $596,000 |
$82,000 | $203,000 |
| Asian |
209 | $47,238,000 |
$226,000 | $971,000 |
$124,000 | $977,000 |
| Black or African American |
1,781 | $296,905,000 |
$166,000 | $1,219,000 |
$84,000 | $548,000 |
| Hispanic |
1,317 | $254,495,000 |
$193,000 | $1,500,000 |
$95,000 | $660,000 |
| Native Hawaiin or Other Pacific Islander |
51 | $11,365,000 |
$222,000 | $685,000 |
$105,000 | $312,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
715 | $140,980,000 |
$197,000 | $1,430,000 |
$103,000 | $1,715,000 |
| White |
2,585 | $451,401,000 |
$174,000 | $2,080,000 |
$98,000 | $1,991,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
6,684 | $1,206,551,000 |
$180,000 | $2,080,000 |
$95,000 | $1,991,000 |
| FHA-insured (Federal Housing Administration) |
5 | $619,000 |
$123,000 | $176,000 |
$56,000 | $81,000 |
| 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 |
2,296 | $414,980,000 |
$180,000 | $1,200,000 |
$88,000 | $1,715,000 |
| Application Denied By Financial Institution |
981 | $179,430,000 |
$182,000 | $1,500,000 |
$102,000 | $1,386,000 |
| Application Withdrawn By Applicant |
284 | $55,587,000 |
$195,000 | $1,610,000 |
$112,000 | $1,115,000 |
| File Closed For Incompleteness |
295 | $75,466,000 |
$255,000 | $2,080,000 |
$131,000 | $720,000 |
| Loan Originated |
2,833 | $481,707,000 |
$170,000 | $1,800,000 |
$93,000 | $1,991,000 |
| 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 |
89 | $19,628,000 |
$220,000 | $1,500,000 |
$115,000 | $420,000 |
| Credit Application Incomplete |
5 | $1,965,000 |
$393,000 | $1,125,000 |
$365,000 | $660,000 |
| Credit History |
129 | $27,583,000 |
$213,000 | $1,470,000 |
$100,000 | $550,000 |
| Debt-To-Income Ratio |
29 | $4,315,000 |
$148,000 | $403,000 |
$87,000 | $306,000 |
| Employment History |
9 | $1,722,000 |
$191,000 | $404,000 |
$90,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
4 | $2,139,000 |
$534,000 | $855,000 |
$237,000 | $352,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
75 | $14,717,000 |
$196,000 | $1,010,000 |
$148,000 | $1,386,000 |
| Unverifiable Information |
25 | $4,834,000 |
$193,000 | $648,000 |
$103,000 | $330,000 |
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Mortgage Loan App Totals for SUNSET DIRECT LENDING by:
Metropolitan Area And
County
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