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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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VERITAS FUNDING, LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
VERITAS FUNDING, LLC |
| Address | 64 EAST 6400 SOUTH, #335
MURRAY, UT 84107 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 490 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $83,456,000 |
| Average Mortgage Loan Amount Applied For | $159,277 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $75,166 |
| Highest Applicant Income | $660,000 |
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| Home Improvement |
1 | $980,000 |
$980,000 | $980,000 |
$289,000 | $289,000 |
| Home Purchase |
475 | $81,118,000 |
$170,000 | $1,000,000 |
$88,000 | $660,000 |
| Refinancing |
68 | $10,853,000 |
$159,000 | $536,000 |
$93,000 | $376,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
19 | $3,588,000 |
$188,000 | $393,000 |
$78,000 | $210,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
16 | $2,479,000 |
$154,000 | $303,000 |
$89,000 | $289,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $145,000 |
$145,000 | $145,000 |
$47,000 | $47,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2 | $361,000 |
$180,000 | $223,000 |
$58,000 | $67,000 |
| White |
506 | $86,378,000 |
$170,000 | $1,000,000 |
$89,000 | $660,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
508 | $87,355,000 |
$171,000 | $1,000,000 |
$92,000 | $660,000 |
| FHA-insured (Federal Housing Administration) |
29 | $4,065,000 |
$140,000 | $228,000 |
$44,000 | $95,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
7 | $1,531,000 |
$218,000 | $337,000 |
$48,000 | $72,000 |
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| Application Approved But Not Accepted |
3 | $468,000 |
$156,000 | $312,000 |
$100,000 | $250,000 |
| Application Denied By Financial Institution |
3 | $325,000 |
$108,000 | $140,000 |
$36,000 | $50,000 |
| Application Withdrawn By Applicant |
96 | $18,374,000 |
$191,000 | $850,000 |
$85,000 | $250,000 |
| File Closed For Incompleteness |
6 | $859,000 |
$143,000 | $171,000 |
$49,000 | $69,000 |
| Loan Originated |
436 | $72,925,000 |
$167,000 | $1,000,000 |
$90,000 | $660,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $90,000 |
$90,000 | $90,000 |
$49,000 | $49,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for VERITAS FUNDING, LLC by:
Metropolitan Area And
County
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