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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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SUNSHINE MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
SUNSHINE MORTGAGE CORPORATION |
| Address | 2401 LAKE PARK DRIVE, SUITE 300
SMYRNA, GA 30080 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 5,556 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,008,765,000 |
| Average Mortgage Loan Amount Applied For | $203,917 |
| Highest Mortgage Loan Amount Applied For | $3,563,000 |
| Average Applicant Income | $131,493 |
| Highest Applicant Income | $2,334,000 |
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| Home Improvement |
9 | $2,668,000 |
$296,000 | $1,105,000 |
$183,000 | $390,000 |
| Home Purchase |
4,353 | $735,547,000 |
$168,000 | $3,563,000 |
$103,000 | $2,334,000 |
| Refinancing |
1,407 | $303,273,000 |
$215,000 | $3,357,000 |
$128,000 | $2,200,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
143 | $20,975,000 |
$146,000 | $680,000 |
$99,000 | $1,020,000 |
| Black or African American |
535 | $75,709,000 |
$141,000 | $1,184,000 |
$69,000 | $364,000 |
| Hispanic |
157 | $22,459,000 |
$143,000 | $735,000 |
$74,000 | $1,100,000 |
| Native Hawaiin or Other Pacific Islander |
19 | $4,082,000 |
$214,000 | $1,127,000 |
$119,000 | $372,000 |
| Not applicable |
10 | $1,846,000 |
$184,000 | $335,000 |
$62,000 | $173,000 |
| Not Provided |
193 | $33,708,000 |
$174,000 | $1,613,000 |
$111,000 | $2,200,000 |
| White |
4,712 | $882,709,000 |
$187,000 | $3,563,000 |
$115,000 | $2,334,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,875 | $910,692,000 |
$186,000 | $3,563,000 |
$119,000 | $2,334,000 |
| FHA-insured (Federal Housing Administration) |
474 | $64,981,000 |
$137,000 | $351,000 |
$52,000 | $252,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
420 | $65,815,000 |
$156,000 | $417,000 |
$56,000 | $217,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
73 | $9,186,000 |
$125,000 | $290,000 |
$54,000 | $180,000 |
| Application Withdrawn By Applicant |
1,404 | $247,379,000 |
$176,000 | $3,357,000 |
$95,000 | $1,541,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
4,172 | $756,220,000 |
$181,000 | $3,563,000 |
$114,000 | $2,334,000 |
| Loan Purchased By The Institution |
120 | $28,703,000 |
$239,000 | $2,333,000 |
$130,000 | $1,197,000 |
| 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 |
10 | $1,047,000 |
$104,000 | $228,000 |
$47,000 | $116,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
26 | $3,569,000 |
$137,000 | $261,000 |
$46,000 | $96,000 |
| Debt-To-Income Ratio |
7 | $1,128,000 |
$161,000 | $290,000 |
$54,000 | $102,000 |
| Employment History |
2 | $273,000 |
$136,000 | $201,000 |
$87,000 | $115,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $176,000 |
$176,000 | $176,000 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
24 | $2,638,000 |
$109,000 | $235,000 |
$64,000 | $180,000 |
| Unverifiable Information |
3 | $355,000 |
$118,000 | $128,000 |
$68,000 | $165,000 |
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Mortgage Loan App Totals for SUNSHINE MORTGAGE CORPORATION by:
Metropolitan Area And
County
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