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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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WEI MORTGAGE CORPORATION
Mortgage Loans and Application Details
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| Mortgage Company Name |
WEI MORTGAGE CORPORATION |
| Address | 15200 SHADY GROVE RD#206
ROCKVILLE, MD 20850 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2006 |
| Total Number of Mortgage Loan Applications Processed | 385 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $102,422,000 |
| Average Mortgage Loan Amount Applied For | $236,115 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $105,423 |
| Highest Applicant Income | $1,000,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
227 | $52,288,000 |
$230,000 | $1,500,000 |
$108,000 | $1,000,000 |
| Refinancing |
158 | $50,134,000 |
$317,000 | $1,000,000 |
$104,000 | $314,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
155 | $44,479,000 |
$286,000 | $1,500,000 |
$120,000 | $1,000,000 |
| Black or African American |
28 | $5,352,000 |
$191,000 | $750,000 |
$86,000 | $210,000 |
| Hispanic |
44 | $10,559,000 |
$239,000 | $708,000 |
$81,000 | $234,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $296,000 |
$98,000 | $154,000 |
$40,000 | $60,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
117 | $33,475,000 |
$286,000 | $888,000 |
$110,000 | $554,000 |
| White |
38 | $8,261,000 |
$217,000 | $480,000 |
$91,000 | $269,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
385 | $102,422,000 |
$266,000 | $1,500,000 |
$106,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
8 | $1,510,000 |
$188,000 | $412,000 |
$106,000 | $136,000 |
| Application Denied By Financial Institution |
1 | $220,000 |
$220,000 | $220,000 |
$55,000 | $55,000 |
| Application Withdrawn By Applicant |
56 | $15,596,000 |
$278,000 | $1,000,000 |
$89,000 | $306,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
320 | $85,096,000 |
$265,000 | $1,500,000 |
$109,000 | $1,000,000 |
| 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 | $220,000 |
$220,000 | $220,000 |
$55,000 | $55,000 |
| 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 WEI MORTGAGE CORPORATION by:
Metropolitan Area And
County
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