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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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THE MORTGAGE STORE FINANCIAL
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE MORTGAGE STORE FINANCIAL |
| Address | 707 WILSHIRE BLVD, 26TH FLOOR
LOS ANGELES, CA 90017 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 16,132 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,794,318,000 |
| Average Mortgage Loan Amount Applied For | $168,053 |
| Highest Mortgage Loan Amount Applied For | $2,800,000 |
| Average Applicant Income | $148,533 |
| Highest Applicant Income | $4,743,000 |
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| Home Improvement |
7 | $3,873,000 |
$553,000 | $2,080,000 |
$176,000 | $780,000 |
| Home Purchase |
9,885 | $2,092,515,000 |
$211,000 | $1,723,000 |
$130,000 | $2,760,000 |
| Refinancing |
7,401 | $2,003,881,000 |
$270,000 | $2,800,000 |
$147,000 | $4,743,000 |
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| American Indian or Alaskan Native |
40 | $11,387,000 |
$284,000 | $1,620,000 |
$125,000 | $1,020,000 |
| Asian |
1,556 | $414,219,000 |
$266,000 | $2,000,000 |
$140,000 | $1,200,000 |
| Black or African American |
2,355 | $480,025,000 |
$203,000 | $1,430,000 |
$114,000 | $1,560,000 |
| Hispanic |
7,136 | $1,795,240,000 |
$251,000 | $1,500,000 |
$110,000 | $4,743,000 |
| Native Hawaiin or Other Pacific Islander |
214 | $53,237,000 |
$248,000 | $1,996,000 |
$192,000 | $666,000 |
| Not applicable |
9 | $1,030,000 |
$114,000 | $400,000 |
$117,000 | $179,000 |
| Not Provided |
1,906 | $464,925,000 |
$243,000 | $1,658,000 |
$139,000 | $2,100,000 |
| White |
4,077 | $880,206,000 |
$215,000 | $2,800,000 |
$195,000 | $2,760,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
17,293 | $4,100,269,000 |
$237,000 | $2,800,000 |
$138,000 | $4,743,000 |
| 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 |
5,557 | $1,333,239,000 |
$239,000 | $2,000,000 |
$139,000 | $2,100,000 |
| Application Denied By Financial Institution |
2,505 | $637,821,000 |
$254,000 | $2,800,000 |
$99,000 | $4,743,000 |
| Application Withdrawn By Applicant |
446 | $103,338,000 |
$231,000 | $2,080,000 |
$99,000 | $2,040,000 |
| File Closed For Incompleteness |
135 | $38,086,000 |
$282,000 | $1,400,000 |
$101,000 | $1,500,000 |
| Loan Originated |
8,610 | $1,976,799,000 |
$229,000 | $1,658,000 |
$151,000 | $2,760,000 |
| Loan Purchased By The Institution |
40 | $10,986,000 |
$274,000 | $1,294,000 |
$149,000 | $676,000 |
| 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 |
539 | $131,470,000 |
$243,000 | $1,723,000 |
$133,000 | $4,743,000 |
| Credit Application Incomplete |
10 | $2,840,000 |
$284,000 | $742,000 |
$67,000 | $171,000 |
| Credit History |
479 | $113,949,000 |
$237,000 | $1,500,000 |
$65,000 | $790,000 |
| Debt-To-Income Ratio |
136 | $37,918,000 |
$278,000 | $2,800,000 |
$62,000 | $571,000 |
| Employment History |
63 | $10,613,000 |
$168,000 | $588,000 |
$89,000 | $420,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
13 | $2,830,000 |
$217,000 | $592,000 |
$71,000 | $261,000 |
| Mortgage Insurance Denied |
2 | $105,000 |
$52,000 | $85,000 |
$42,000 | $84,000 |
| Other |
477 | $123,733,000 |
$259,000 | $1,331,000 |
$125,000 | $1,032,000 |
| Unverifiable Information |
183 | $46,332,000 |
$253,000 | $684,000 |
$105,000 | $566,000 |
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Mortgage Loan App Totals for THE MORTGAGE STORE FINANCIAL by:
Metropolitan Area And
County
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