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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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THORNBURG MORTGAGE HOME LOANS
Mortgage Loans and Application Details
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| Mortgage Company Name |
THORNBURG MORTGAGE HOME LOANS |
| Address | 152 WASHINGTON AVE, SUITE 302
SANTA FE, NM 87501 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 930 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $611,618,000 |
| Average Mortgage Loan Amount Applied For | $520,585 |
| Highest Mortgage Loan Amount Applied For | $9,000,000 |
| Average Applicant Income | $243,939 |
| Highest Applicant Income | $6,126,000 |
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| Home Improvement |
42 | $29,979,000 |
$713,000 | $3,838,000 |
$371,000 | $3,000,000 |
| Home Purchase |
8,957 | $6,353,754,000 |
$709,000 | $10,000,000 |
$15,000 | $6,126,000 |
| Refinancing |
7,162 | $5,629,154,000 |
$785,000 | $14,000,000 |
$16,000 | $5,000,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
20 | $16,984,000 |
$849,000 | $3,100,000 |
$560,000 | $4,885,000 |
| Black or African American |
28 | $32,597,000 |
$1,164,000 | $3,710,000 |
$79,000 | $425,000 |
| Hispanic |
23 | $12,586,000 |
$547,000 | $3,500,000 |
$178,000 | $1,299,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $1,009,000 |
$504,000 | $785,000 |
$41,000 | $65,000 |
| Not applicable |
15,132 | $11,345,143,000 |
$749,000 | $14,000,000 |
$0 | $0 |
| Not Provided |
459 | $274,238,000 |
$597,000 | $8,600,000 |
$319,000 | $6,126,000 |
| White |
497 | $330,330,000 |
$664,000 | $9,000,000 |
$205,000 | $3,000,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
16,161 | $12,012,887,000 |
$743,000 | $14,000,000 |
$16,000 | $6,126,000 |
| 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 |
115 | $105,731,000 |
$919,000 | $8,600,000 |
$205,000 | $1,954,000 |
| Application Denied By Financial Institution |
146 | $110,276,000 |
$755,000 | $7,500,000 |
$264,000 | $2,280,000 |
| Application Withdrawn By Applicant |
141 | $82,195,000 |
$582,000 | $4,800,000 |
$260,000 | $2,000,000 |
| File Closed For Incompleteness |
20 | $17,164,000 |
$858,000 | $6,000,000 |
$374,000 | $1,950,000 |
| Loan Originated |
508 | $296,252,000 |
$583,000 | $9,000,000 |
$265,000 | $6,126,000 |
| Loan Purchased By The Institution |
15,132 | $11,345,143,000 |
$749,000 | $14,000,000 |
$0 | $0 |
| Preapproval Approved but not Accepted |
80 | $41,474,000 |
$518,000 | $3,500,000 |
$242,000 | $1,299,000 |
| Preapproval Denied by Financial Institution |
19 | $14,652,000 |
$771,000 | $2,925,000 |
$311,000 | $2,000,000 |
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| Collateral |
14 | $5,661,000 |
$404,000 | $1,040,000 |
$272,000 | $1,200,000 |
| Credit Application Incomplete |
2 | $7,842,000 |
$3,921,000 | $7,500,000 |
$150,000 | $200,000 |
| Credit History |
42 | $24,699,000 |
$588,000 | $2,000,000 |
$260,000 | $1,350,000 |
| Debt-To-Income Ratio |
67 | $49,398,000 |
$737,000 | $5,000,000 |
$180,000 | $1,720,000 |
| Employment History |
1 | $142,000 |
$142,000 | $142,000 |
$116,000 | $116,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $1,124,000 |
$562,000 | $1,000,000 |
$40,000 | $47,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
34 | $32,991,000 |
$970,000 | $5,000,000 |
$476,000 | $2,280,000 |
| Unverifiable Information |
3 | $3,071,000 |
$1,023,000 | $2,600,000 |
$338,000 | $650,000 |
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Mortgage Loan App Totals for THORNBURG MORTGAGE HOME LOANS by:
Metropolitan Area And
County
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