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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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VERDE MORTGAGE LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
VERDE MORTGAGE LLC |
| Address | 201 E. MAIN, 4TH FLOOR
EL PASO, TX 79901 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 358 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $49,445,000 |
| Average Mortgage Loan Amount Applied For | $163,333 |
| Highest Mortgage Loan Amount Applied For | $553,000 |
| Average Applicant Income | $125,000 |
| Highest Applicant Income | $480,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
428 | $53,909,000 |
$126,500 | $528,000 |
$79,250 | $480,000 |
| Refinancing |
33 | $5,840,000 |
$219,500 | $553,000 |
$216,000 | $474,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
8 | $1,662,000 |
$207,000 | $347,000 |
$77,000 | $156,000 |
| Black or African American |
24 | $2,926,000 |
$143,000 | $240,000 |
$68,500 | $104,000 |
| Hispanic |
257 | $28,600,000 |
$111,000 | $400,000 |
$48,000 | $414,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $289,000 |
$144,000 | $163,000 |
$67,000 | $76,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
11 | $1,781,000 |
$175,000 | $500,000 |
$82,000 | $150,000 |
| White |
159 | $24,491,000 |
$161,666 | $553,000 |
$127,000 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
274 | $39,080,000 |
$160,333 | $553,000 |
$121,333 | $480,000 |
| FHA-insured (Federal Housing Administration) |
111 | $10,552,000 |
$91,000 | $170,000 |
$40,333 | $101,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
76 | $10,117,000 |
$131,500 | $299,000 |
$50,500 | $142,000 |
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| Application Approved But Not Accepted |
2 | $207,000 |
$103,000 | $112,000 |
$52,000 | $68,000 |
| Application Denied By Financial Institution |
36 | $3,786,000 |
$126,500 | $262,000 |
$83,500 | $143,000 |
| Application Withdrawn By Applicant |
166 | $20,116,000 |
$125,000 | $553,000 |
$65,333 | $425,000 |
| File Closed For Incompleteness |
3 | $199,000 |
$66,000 | $72,000 |
$83,000 | $180,000 |
| Loan Originated |
254 | $35,441,000 |
$154,000 | $500,000 |
$119,000 | $480,000 |
| 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 | $150,000 |
$150,000 | $150,000 |
$114,000 | $114,000 |
| Credit Application Incomplete |
1 | $91,000 |
$91,000 | $91,000 |
$39,000 | $39,000 |
| Credit History |
20 | $1,995,000 |
$99,000 | $261,000 |
$57,000 | $143,000 |
| Debt-To-Income Ratio |
10 | $1,068,000 |
$106,000 | $195,000 |
$55,000 | $91,000 |
| 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 |
3 | $409,000 |
$136,000 | $262,000 |
$49,000 | $84,000 |
| Unverifiable Information |
1 | $73,000 |
$73,000 | $73,000 |
$29,000 | $29,000 |
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Mortgage Loan App Totals for VERDE MORTGAGE LLC by:
Metropolitan Area And
County
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