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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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WESTERN RESIDENTIAL MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTERN RESIDENTIAL MORTGAGE |
| Address | 300 W CLAREDON STE 475
PHOENIX, AZ 85013 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,720 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $464,510,000 |
| Average Mortgage Loan Amount Applied For | $163,120 |
| Highest Mortgage Loan Amount Applied For | $2,880,000 |
| Average Applicant Income | $131,328 |
| Highest Applicant Income | $7,200,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,738 | $279,380,000 |
$160,000 | $1,320,000 |
$95,000 | $7,200,000 |
| Refinancing |
2,481 | $453,512,000 |
$182,000 | $2,880,000 |
$71,000 | $1,500,000 |
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| American Indian or Alaskan Native |
6 | $1,172,000 |
$195,000 | $504,000 |
$68,000 | $120,000 |
| Asian |
128 | $26,049,000 |
$203,000 | $845,000 |
$86,000 | $480,000 |
| Black or African American |
147 | $29,848,000 |
$203,000 | $994,000 |
$86,000 | $1,472,000 |
| Hispanic |
1,687 | $258,941,000 |
$153,000 | $1,200,000 |
$56,000 | $727,000 |
| Native Hawaiin or Other Pacific Islander |
16 | $2,379,000 |
$148,000 | $322,000 |
$94,000 | $228,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
611 | $120,728,000 |
$197,000 | $2,880,000 |
$99,000 | $1,860,000 |
| White |
1,624 | $293,775,000 |
$180,000 | $1,750,000 |
$99,000 | $7,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,177 | $727,222,000 |
$174,000 | $2,880,000 |
$81,000 | $7,200,000 |
| FHA-insured (Federal Housing Administration) |
41 | $5,519,000 |
$134,000 | $223,000 |
$45,000 | $94,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $151,000 |
$151,000 | $151,000 |
$45,000 | $45,000 |
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| Application Approved But Not Accepted |
858 | $152,609,000 |
$177,000 | $1,245,000 |
$74,000 | $1,472,000 |
| Application Denied By Financial Institution |
623 | $105,678,000 |
$169,000 | $1,250,000 |
$82,000 | $1,200,000 |
| Application Withdrawn By Applicant |
325 | $64,261,000 |
$197,000 | $2,880,000 |
$131,000 | $7,200,000 |
| File Closed For Incompleteness |
16 | $1,985,000 |
$124,000 | $256,000 |
$135,000 | $432,000 |
| Loan Originated |
2,397 | $408,359,000 |
$170,000 | $1,750,000 |
$76,000 | $3,120,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 WESTERN RESIDENTIAL MORTGAGE by:
Metropolitan Area And
County
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