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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 LENDING CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
UNIVERSAL LENDING CORPORATION |
| Address | 6775 EAST EVANS AVE.
DENVER, CO 80224 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,874 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $648,366,000 |
| Average Mortgage Loan Amount Applied For | $189,227 |
| Highest Mortgage Loan Amount Applied For | $1,800,000 |
| Average Applicant Income | $88,247 |
| Highest Applicant Income | $3,240,000 |
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| Home Improvement |
5 | $548,000 |
$109,000 | $243,000 |
$142,000 | $190,000 |
| Home Purchase |
2,336 | $365,258,000 |
$156,000 | $1,439,000 |
$75,000 | $1,850,000 |
| Refinancing |
1,547 | $286,273,000 |
$185,000 | $1,800,000 |
$78,000 | $3,240,000 |
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| American Indian or Alaskan Native |
6 | $904,000 |
$150,000 | $194,000 |
$57,000 | $81,000 |
| Asian |
32 | $4,870,000 |
$152,000 | $367,000 |
$100,000 | $300,000 |
| Black or African American |
94 | $17,423,000 |
$185,000 | $1,439,000 |
$50,000 | $202,000 |
| Hispanic |
510 | $74,707,000 |
$146,000 | $730,000 |
$58,000 | $344,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $497,000 |
$165,000 | $257,000 |
$50,000 | $76,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
208 | $34,636,000 |
$166,000 | $650,000 |
$69,000 | $531,000 |
| White |
3,035 | $519,042,000 |
$171,000 | $1,800,000 |
$81,000 | $3,240,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,528 | $419,748,000 |
$166,000 | $1,800,000 |
$94,000 | $3,240,000 |
| FHA-insured (Federal Housing Administration) |
1,228 | $207,224,000 |
$168,000 | $346,000 |
$42,000 | $936,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
132 | $25,107,000 |
$190,000 | $365,000 |
$61,000 | $158,000 |
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| Application Approved But Not Accepted |
107 | $18,385,000 |
$171,000 | $500,000 |
$99,000 | $360,000 |
| Application Denied By Financial Institution |
98 | $16,617,000 |
$169,000 | $1,040,000 |
$78,000 | $427,000 |
| Application Withdrawn By Applicant |
731 | $128,731,000 |
$176,000 | $1,800,000 |
$86,000 | $3,240,000 |
| File Closed For Incompleteness |
32 | $5,152,000 |
$161,000 | $563,000 |
$63,000 | $180,000 |
| Loan Originated |
2,920 | $483,194,000 |
$165,000 | $1,636,000 |
$74,000 | $1,850,000 |
| 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 |
24 | $3,080,000 |
$128,000 | $365,000 |
$73,000 | $164,000 |
| Credit Application Incomplete |
3 | $457,000 |
$152,000 | $285,000 |
$64,000 | $84,000 |
| Credit History |
31 | $5,985,000 |
$193,000 | $1,040,000 |
$63,000 | $336,000 |
| Debt-To-Income Ratio |
7 | $1,406,000 |
$200,000 | $259,000 |
$56,000 | $120,000 |
| Employment History |
4 | $887,000 |
$221,000 | $440,000 |
$180,000 | $308,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $131,000 |
$131,000 | $131,000 |
$43,000 | $43,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
21 | $3,692,000 |
$175,000 | $688,000 |
$100,000 | $427,000 |
| Unverifiable Information |
7 | $979,000 |
$139,000 | $348,000 |
$64,000 | $110,000 |
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Mortgage Loan App Totals for UNIVERSAL LENDING CORPORATION by:
Metropolitan Area And
County
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