AllMortgageDetail - Mortgage Application Details

Weststar Mortgage Corporation
Mortgage Loan Application
Totals and Details
for 2012

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Mortgage Company & Address Weststar Mortgage Corporation
6363 N. State Hwy 161
Irving, TX 45028
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2012  2011  2010  2009  2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 5,499
Total Mortgage Loan Application Amount $956,872,000
Average Mortgage Loan Application Amount $153,785
Highest Mortgage Loan Application Amount $1,000,000
Average Applicant Income $74,194
Highest Applicant Income $1,944,000

Mortgage Loan Application Detail Totals for Weststar Mortgage Corporation in 2012

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 4,201 $696,292,000 $165,000 $750,000 $84,000 $1,944,000
Refinancing 1,304 $261,928,000 $200,000 $1,000,000 $94,000 $1,236,000
Home Improvement 1 $99,000 $99,000 $99,000 $69,000 $69,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 3,391 $614,324,000 $181,000 $1,000,000 $91,000 $1,944,000
Hispanic 969 $138,732,000 $143,000 $461,000 $69,000 $444,000
Not Provided 427 $76,015,000 $178,000 $550,000 $85,000 $386,000
Black or African American 420 $69,874,000 $166,000 $880,000 $77,000 $900,000
Asian 274 $55,802,000 $203,000 $684,000 $96,000 $514,000
American Indian or Alaskan Native 18 $2,555,000 $141,000 $238,000 $85,000 $209,000
Native Hawaiin or Other Pacific Islander 7 $1,017,000 $145,000 $235,000 $97,000 $186,000
Not applicable 0 $0 $0 $0 $0 $0

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
FHA-insured (Federal Housing Administration) 2,523 $380,135,000 $150,000 $572,000 $66,000 $1,236,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2,420 $467,045,000 $192,000 $1,000,000 $111,000 $1,944,000
VA-guaranteed (Veterans Administration) 448 $93,657,000 $209,000 $674,000 $76,000 $390,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 115 $17,482,000 $152,000 $397,000 $51,000 $91,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 4,267 $740,541,000 $173,000 $674,000 $85,000 $975,000
Application Withdrawn By Applicant 663 $109,404,000 $165,000 $850,000 $85,000 $1,944,000
File Closed For Incompleteness 371 $73,688,000 $198,000 $1,000,000 $101,000 $900,000
Application Denied By Financial Institution 133 $21,347,000 $160,000 $510,000 $66,000 $229,000
Loan Purchased By The Institution 66 $12,197,000 $184,000 $417,000 $94,000 $377,000
Application Approved But Not Accepted 6 $1,142,000 $190,000 $334,000 $73,000 $163,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Credit History 43 $7,268,000 $169,000 $461,000 $71,000 $229,000
Debt-To-Income Ratio 26 $3,868,000 $148,000 $275,000 $53,000 $115,000
Collateral 19 $2,666,000 $140,000 $388,000 $64,000 $129,000
Other 18 $3,728,000 $207,000 $510,000 $84,000 $200,000
Insufficient Cash (Downpayment, Closing Cost) 13 $1,807,000 $139,000 $338,000 $43,000 $79,000
Employment History 6 $946,000 $157,000 $227,000 $74,000 $120,000
Credit Application Incomplete 2 $377,000 $188,000 $258,000 $44,000 $62,000
Unverifiable Information 2 $175,000 $87,000 $165,000 $103,000 $120,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0