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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 STATES MORTGAGE CORP
Mortgage Loans and Application Details
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| Mortgage Company Name |
WESTERN STATES MORTGAGE CORP |
| Address | 13200 NE 20TH STREET, SUITE 1
BELLEVUE, WA 98033 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2003 2004 2005 |
| Total Number of Mortgage Loan Applications Processed | 738 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $182,038,000 |
| Average Mortgage Loan Amount Applied For | $199,256 |
| Highest Mortgage Loan Amount Applied For | $2,350,000 |
| Average Applicant Income | $45,666 |
| Highest Applicant Income | $916,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
365 | $82,518,000 |
$189,611 | $1,000,000 |
$28,500 | $916,000 |
| Refinancing |
373 | $99,520,000 |
$216,615 | $2,350,000 |
$26,769 | $434,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
6 | $990,000 |
$140,500 | $236,000 |
$32,500 | $118,000 |
| Black or African American |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Hispanic |
1 | $360,000 |
$360,000 | $360,000 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
672 | $170,676,000 |
$199,476 | $2,350,000 |
$26,904 | $916,000 |
| Not Provided |
9 | $1,836,000 |
$184,666 | $426,000 |
$106,666 | $229,000 |
| White |
50 | $8,176,000 |
$180,000 | $534,000 |
$12,800 | $103,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
736 | $181,699,000 |
$195,333 | $2,350,000 |
$26,714 | $916,000 |
| FHA-insured (Federal Housing Administration) |
1 | $155,000 |
$155,000 | $155,000 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $184,000 |
$184,000 | $184,000 |
$0 | $0 |
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| Application Approved But Not Accepted |
41 | $8,284,000 |
$200,625 | $768,000 |
$25,625 | $167,000 |
| Application Denied By Financial Institution |
19 | $4,006,000 |
$241,333 | $845,000 |
$26,000 | $270,000 |
| Application Withdrawn By Applicant |
73 | $13,111,000 |
$169,250 | $775,000 |
$80,500 | $340,000 |
| File Closed For Incompleteness |
5 | $768,000 |
$156,000 | $228,000 |
$78,500 | $180,000 |
| Loan Originated |
521 | $137,116,000 |
$209,684 | $2,350,000 |
$32,000 | $916,000 |
| Loan Purchased By The Institution |
79 | $18,753,000 |
$222,571 | $459,000 |
$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 |
2 | $438,000 |
$219,000 | $399,000 |
$52,000 | $104,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
7 | $986,000 |
$146,000 | $267,000 |
$53,000 | $270,000 |
| Debt-To-Income Ratio |
6 | $1,748,000 |
$363,500 | $845,000 |
$24,500 | $83,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $328,000 |
$328,000 | $328,000 |
$62,000 | $62,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
3 | $506,000 |
$216,000 | $359,000 |
$23,000 | $67,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for WESTERN STATES MORTGAGE CORP by:
Metropolitan Area And
County
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