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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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WATSON MORTGAGE CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
WATSON MORTGAGE CORP. |
| Address | 4237 SALISBURY RD., SUITE 200, BLDG. 2
JACKSONVILLE, FL 32216 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,198 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $201,304,000 |
| Average Mortgage Loan Amount Applied For | $167,466 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $57,933 |
| Highest Applicant Income | $420,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,158 | $196,747,000 |
$169,000 | $1,000,000 |
$69,000 | $420,000 |
| Refinancing |
140 | $23,112,000 |
$165,000 | $548,000 |
$73,000 | $311,000 |
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| American Indian or Alaskan Native |
3 | $345,000 |
$115,000 | $190,000 |
$94,000 | $117,000 |
| Asian |
38 | $6,497,000 |
$170,000 | $680,000 |
$74,000 | $225,000 |
| Black or African American |
107 | $16,389,000 |
$153,000 | $460,000 |
$52,000 | $191,000 |
| Hispanic |
100 | $15,830,000 |
$158,000 | $360,000 |
$64,000 | $216,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $415,000 |
$138,000 | $181,000 |
$48,000 | $58,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
47 | $7,349,000 |
$156,000 | $800,000 |
$72,000 | $240,000 |
| White |
1,000 | $173,034,000 |
$173,000 | $1,000,000 |
$72,000 | $420,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
906 | $153,454,000 |
$169,000 | $1,000,000 |
$76,000 | $420,000 |
| FHA-insured (Federal Housing Administration) |
183 | $27,275,000 |
$149,000 | $299,000 |
$53,000 | $199,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $67,000 |
$67,000 | $67,000 |
$234,000 | $234,000 |
| VA-guaranteed (Veterans Administration) |
208 | $39,063,000 |
$187,000 | $422,000 |
$57,000 | $157,000 |
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| Application Approved But Not Accepted |
100 | $16,298,000 |
$162,000 | $680,000 |
$70,000 | $240,000 |
| Application Denied By Financial Institution |
135 | $22,570,000 |
$167,000 | $614,000 |
$65,000 | $242,000 |
| Application Withdrawn By Applicant |
95 | $16,184,000 |
$170,000 | $700,000 |
$62,000 | $275,000 |
| File Closed For Incompleteness |
5 | $769,000 |
$153,000 | $323,000 |
$63,000 | $102,000 |
| Loan Originated |
962 | $163,885,000 |
$170,000 | $1,000,000 |
$71,000 | $420,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $153,000 |
$153,000 | $153,000 |
$55,000 | $55,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
15 | $2,115,000 |
$141,000 | $269,000 |
$68,000 | $175,000 |
| Credit Application Incomplete |
3 | $465,000 |
$155,000 | $159,000 |
$36,000 | $60,000 |
| Credit History |
18 | $3,812,000 |
$211,000 | $538,000 |
$96,000 | $227,000 |
| Debt-To-Income Ratio |
31 | $5,005,000 |
$161,000 | $614,000 |
$53,000 | $220,000 |
| Employment History |
6 | $833,000 |
$138,000 | $186,000 |
$62,000 | $110,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
3 | $543,000 |
$181,000 | $214,000 |
$74,000 | $112,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
14 | $2,243,000 |
$160,000 | $371,000 |
$60,000 | $225,000 |
| Unverifiable Information |
9 | $1,526,000 |
$169,000 | $396,000 |
$54,000 | $208,000 |
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Mortgage Loan App Totals for WATSON MORTGAGE CORP. by:
Metropolitan Area And
County
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