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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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UNIVERSAL AMERICAN MTG. OF CA
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNIVERSAL AMERICAN MTG. OF CA |
| Address | 700 NW 107TH AVENUE, 3RD FL
MIAMI, FL 33172 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 13,556 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $3,901,865,000 |
| Average Mortgage Loan Amount Applied For | $325,806 |
| Highest Mortgage Loan Amount Applied For | $2,000,000 |
| Average Applicant Income | $116,967 |
| Highest Applicant Income | $5,606,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
13,435 | $3,864,711,000 |
$287,000 | $1,720,000 |
$103,000 | $5,606,000 |
| Refinancing |
121 | $37,154,000 |
$307,000 | $2,000,000 |
$99,000 | $432,000 |
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| American Indian or Alaskan Native |
40 | $10,725,000 |
$268,000 | $771,000 |
$105,000 | $314,000 |
| Asian |
2,501 | $869,764,000 |
$347,000 | $1,367,000 |
$114,000 | $840,000 |
| Black or African American |
582 | $155,770,000 |
$267,000 | $983,000 |
$97,000 | $822,000 |
| Hispanic |
2,898 | $716,349,000 |
$247,000 | $1,177,000 |
$77,000 | $796,000 |
| Native Hawaiin or Other Pacific Islander |
259 | $73,149,000 |
$282,000 | $1,000,000 |
$92,000 | $408,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1,981 | $603,266,000 |
$304,000 | $1,720,000 |
$117,000 | $5,606,000 |
| White |
5,295 | $1,472,842,000 |
$278,000 | $2,000,000 |
$108,000 | $1,080,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
13,418 | $3,859,683,000 |
$287,000 | $2,000,000 |
$103,000 | $5,606,000 |
| FHA-insured (Federal Housing Administration) |
47 | $13,660,000 |
$290,000 | $368,000 |
$115,000 | $413,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
91 | $28,522,000 |
$313,000 | $523,000 |
$84,000 | $177,000 |
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| Application Approved But Not Accepted |
487 | $141,015,000 |
$289,000 | $1,000,000 |
$84,000 | $840,000 |
| Application Denied By Financial Institution |
572 | $161,420,000 |
$282,000 | $1,000,000 |
$98,000 | $5,606,000 |
| Application Withdrawn By Applicant |
5,600 | $1,630,178,000 |
$291,000 | $2,000,000 |
$95,000 | $1,440,000 |
| File Closed For Incompleteness |
23 | $7,591,000 |
$330,000 | $895,000 |
$134,000 | $432,000 |
| Loan Originated |
6,874 | $1,961,661,000 |
$285,000 | $1,216,000 |
$111,000 | $2,400,000 |
| 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 |
1 | $72,000 |
$72,000 | $72,000 |
$97,000 | $97,000 |
| Credit Application Incomplete |
11 | $1,872,000 |
$170,000 | $469,000 |
$7,000 | $81,000 |
| Credit History |
178 | $50,157,000 |
$281,000 | $780,000 |
$139,000 | $5,606,000 |
| Debt-To-Income Ratio |
204 | $58,562,000 |
$287,000 | $1,000,000 |
$79,000 | $360,000 |
| Employment History |
55 | $17,288,000 |
$314,000 | $863,000 |
$108,000 | $360,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
32 | $7,802,000 |
$243,000 | $1,000,000 |
$85,000 | $191,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
66 | $18,074,000 |
$273,000 | $791,000 |
$71,000 | $395,000 |
| Unverifiable Information |
24 | $7,179,000 |
$299,000 | $509,000 |
$74,000 | $246,000 |
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Mortgage Loan App Totals for UNIVERSAL AMERICAN MTG. OF CA by:
Metropolitan Area And
County
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