AllMortgageDetail - Mortgage Application Details

Weststar Mortgage Corporation
Mortgage Loan Application
Totals and Details
for 2013

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Mortgage Company & Address Weststar Mortgage Corporation
2155 Louisiana Blvd Ne Suite 8000
Albuquerque, NM 87110
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 4,688
Total Mortgage Loan Application Amount $843,031,000
Average Mortgage Loan Application Amount $161,795
Highest Mortgage Loan Application Amount $1,358,000
Average Applicant Income $81,865
Highest Applicant Income $1,798,000

Mortgage Loan Application Detail Totals for Weststar Mortgage Corporation in 2013

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 3,597 $613,368,000 $170,000 $948,000 $85,000 $1,798,000
Refinancing 1,091 $229,663,000 $210,000 $1,358,000 $101,000 $1,118,000
Home Improvement 0 $0 $0 $0 $0 $0

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 3,340 $618,677,000 $185,000 $1,358,000 $94,000 $1,798,000
Hispanic 706 $103,855,000 $147,000 $628,000 $66,000 $424,000
Not Provided 228 $44,368,000 $194,000 $948,000 $98,000 $1,198,000
Black or African American 225 $39,931,000 $177,000 $768,000 $82,000 $342,000
Asian 144 $27,736,000 $192,000 $700,000 $93,000 $537,000
American Indian or Alaskan Native 26 $5,184,000 $199,000 $324,000 $84,000 $191,000
Native Hawaiin or Other Pacific Islander 19 $3,280,000 $172,000 $417,000 $62,000 $127,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 2,313 $457,398,000 $197,000 $1,358,000 $110,000 $1,798,000
FHA-insured (Federal Housing Administration) 1,884 $291,393,000 $154,000 $577,000 $68,000 $1,637,000
VA-guaranteed (Veterans Administration) 354 $74,147,000 $209,000 $708,000 $80,000 $446,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 137 $20,093,000 $146,000 $301,000 $50,000 $97,000

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 3,001 $531,060,000 $176,000 $734,000 $89,000 $1,798,000
Application Withdrawn By Applicant 720 $135,985,000 $188,000 $1,153,000 $95,000 $1,198,000
File Closed For Incompleteness 586 $112,148,000 $191,000 $1,358,000 $94,000 $1,118,000
Application Denied By Financial Institution 380 $63,488,000 $167,000 $670,000 $73,000 $365,000
Application Approved But Not Accepted 1 $350,000 $350,000 $350,000 $47,000 $47,000
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

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
Collateral 99 $16,034,000 $161,000 $543,000 $82,000 $327,000
Credit History 89 $14,567,000 $163,000 $531,000 $73,000 $365,000
Debt-To-Income Ratio 68 $11,598,000 $170,000 $670,000 $56,000 $190,000
Other 37 $6,852,000 $185,000 $466,000 $74,000 $201,000
Insufficient Cash (Downpayment, Closing Cost) 25 $4,068,000 $162,000 $448,000 $69,000 $169,000
Unverifiable Information 18 $3,139,000 $174,000 $408,000 $78,000 $209,000
Credit Application Incomplete 15 $2,491,000 $166,000 $398,000 $96,000 $292,000
Employment History 12 $1,836,000 $153,000 $231,000 $55,000 $110,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0