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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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UNITED RESIDENTIAL LENDING
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNITED RESIDENTIAL LENDING |
| Address | 15300 N 90TH STREET #500
SCOTTSDALE, AZ 85260 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 311 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $61,086,000 |
| Average Mortgage Loan Amount Applied For | $151,101 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $99,232 |
| Highest Applicant Income | $900,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
133 | $29,009,000 |
$207,500 | $840,000 |
$111,500 | $840,000 |
| Refinancing |
178 | $32,077,000 |
$131,764 | $1,000,000 |
$93,058 | $900,000 |
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| American Indian or Alaskan Native |
1 | $56,000 |
$56,000 | $56,000 |
$194,000 | $194,000 |
| Asian |
25 | $5,824,000 |
$220,000 | $905,000 |
$221,166 | $900,000 |
| Black or African American |
37 | $6,710,000 |
$174,000 | $738,000 |
$110,500 | $408,000 |
| Hispanic |
36 | $6,275,000 |
$188,625 | $713,000 |
$87,500 | $281,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
37 | $7,360,000 |
$159,444 | $650,000 |
$110,666 | $300,000 |
| White |
175 | $34,861,000 |
$150,333 | $1,000,000 |
$96,222 | $840,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
311 | $61,086,000 |
$144,947 | $1,000,000 |
$96,368 | $900,000 |
| 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 |
13 | $1,953,000 |
$144,285 | $363,000 |
$114,285 | $218,000 |
| Application Denied By Financial Institution |
34 | $5,928,000 |
$160,545 | $713,000 |
$122,545 | $427,000 |
| Application Withdrawn By Applicant |
63 | $12,186,000 |
$139,916 | $905,000 |
$87,500 | $342,000 |
| File Closed For Incompleteness |
8 | $1,172,000 |
$106,800 | $412,000 |
$70,600 | $144,000 |
| Loan Originated |
193 | $39,847,000 |
$137,812 | $1,000,000 |
$93,062 | $900,000 |
| 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 |
8 | $767,000 |
$95,166 | $184,000 |
$118,333 | $273,000 |
| Credit Application Incomplete |
4 | $782,000 |
$163,666 | $465,000 |
$192,000 | $427,000 |
| Credit History |
7 | $1,629,000 |
$274,250 | $571,000 |
$109,750 | $234,000 |
| Debt-To-Income Ratio |
1 | $328,000 |
$328,000 | $328,000 |
$104,000 | $104,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
4 | $911,000 |
$274,000 | $713,000 |
$192,000 | $300,000 |
| Unverifiable Information |
10 | $1,511,000 |
$156,571 | $330,000 |
$93,142 | $252,000 |
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Mortgage Loan App Totals for UNITED RESIDENTIAL LENDING by:
Metropolitan Area And
County
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