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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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WALTER MORTGAGE COMPANY
Mortgage Loans and Application Details
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| Mortgage Company Name |
WALTER MORTGAGE COMPANY |
| Address | 6331 BLVD. 26 SUITE 280
NORTH RICHLAND HILLS, TX 76180 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 746 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $95,348,000 |
| Average Mortgage Loan Amount Applied For | $126,163 |
| Highest Mortgage Loan Amount Applied For | $302,000 |
| Average Applicant Income | $50,901 |
| Highest Applicant Income | $191,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
703 | $91,946,000 |
$130,000 | $302,000 |
$52,000 | $191,000 |
| Refinancing |
43 | $3,402,000 |
$79,000 | $136,000 |
$37,000 | $98,000 |
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| American Indian or Alaskan Native |
5 | $813,000 |
$162,000 | $254,000 |
$57,000 | $98,000 |
| Asian |
2 | $274,000 |
$137,000 | $181,000 |
$78,000 | $118,000 |
| Black or African American |
230 | $28,119,000 |
$122,000 | $252,000 |
$48,000 | $142,000 |
| Hispanic |
68 | $8,031,000 |
$118,000 | $223,000 |
$48,000 | $93,000 |
| Native Hawaiin or Other Pacific Islander |
4 | $547,000 |
$136,000 | $164,000 |
$71,000 | $89,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
14 | $1,810,000 |
$129,000 | $171,000 |
$45,000 | $97,000 |
| White |
423 | $55,754,000 |
$131,000 | $302,000 |
$54,000 | $191,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
745 | $95,248,000 |
$127,000 | $302,000 |
$51,000 | $191,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $100,000 |
$100,000 | $100,000 |
$32,000 | $32,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
225 | $28,644,000 |
$127,000 | $241,000 |
$56,000 | $155,000 |
| Application Denied By Financial Institution |
242 | $30,166,000 |
$124,000 | $255,000 |
$40,000 | $150,000 |
| Application Withdrawn By Applicant |
63 | $8,236,000 |
$130,000 | $302,000 |
$54,000 | $134,000 |
| File Closed For Incompleteness |
36 | $4,960,000 |
$137,000 | $286,000 |
$49,000 | $191,000 |
| Loan Originated |
180 | $23,342,000 |
$129,000 | $254,000 |
$61,000 | $190,000 |
| 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 |
3 | $357,000 |
$119,000 | $129,000 |
$43,000 | $49,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
74 | $9,061,000 |
$122,000 | $243,000 |
$47,000 | $94,000 |
| Debt-To-Income Ratio |
123 | $15,122,000 |
$122,000 | $253,000 |
$33,000 | $95,000 |
| Employment History |
23 | $2,879,000 |
$125,000 | $209,000 |
$33,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
5 | $721,000 |
$144,000 | $249,000 |
$70,000 | $150,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $387,000 |
$193,000 | $237,000 |
$67,000 | $75,000 |
| Unverifiable Information |
12 | $1,639,000 |
$136,000 | $255,000 |
$60,000 | $128,000 |
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Mortgage Loan App Totals for WALTER MORTGAGE COMPANY by:
Metropolitan Area And
County
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