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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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WINSTAR MORTGAGE PARTNERS, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
WINSTAR MORTGAGE PARTNERS, INC |
| Address | 13705 FIRST AVENUE NORTH, SUITE 500
PLYMOUTH, MN 55441 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 7,949 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,945,777,000 |
| Average Mortgage Loan Amount Applied For | $194,299 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $81,583 |
| Highest Applicant Income | $1,500,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
3,236 | $693,531,000 |
$214,000 | $1,500,000 |
$96,000 | $1,382,000 |
| Refinancing |
4,713 | $1,252,246,000 |
$265,000 | $1,500,000 |
$95,000 | $1,500,000 |
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| American Indian or Alaskan Native |
28 | $6,425,000 |
$229,000 | $543,000 |
$181,000 | $1,500,000 |
| Asian |
608 | $186,819,000 |
$307,000 | $1,500,000 |
$123,000 | $600,000 |
| Black or African American |
663 | $156,850,000 |
$236,000 | $1,000,000 |
$94,000 | $402,000 |
| Hispanic |
1,273 | $334,594,000 |
$262,000 | $1,238,000 |
$99,000 | $1,150,000 |
| Native Hawaiin or Other Pacific Islander |
72 | $23,432,000 |
$325,000 | $900,000 |
$137,000 | $700,000 |
| Not applicable |
835 | $172,397,000 |
$206,000 | $975,000 |
$0 | $0 |
| Not Provided |
514 | $118,635,000 |
$230,000 | $1,500,000 |
$96,000 | $949,000 |
| White |
3,956 | $946,625,000 |
$239,000 | $1,500,000 |
$109,000 | $1,483,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
7,920 | $1,940,879,000 |
$245,000 | $1,500,000 |
$96,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) |
18 | $2,712,000 |
$150,000 | $223,000 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
11 | $2,186,000 |
$198,000 | $302,000 |
$0 | $0 |
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| Application Approved But Not Accepted |
1,148 | $301,129,000 |
$262,000 | $1,500,000 |
$105,000 | $1,150,000 |
| Application Denied By Financial Institution |
1,215 | $315,278,000 |
$259,000 | $1,500,000 |
$115,000 | $1,382,000 |
| Application Withdrawn By Applicant |
235 | $61,836,000 |
$263,000 | $1,500,000 |
$107,000 | $600,000 |
| File Closed For Incompleteness |
408 | $101,112,000 |
$247,000 | $1,500,000 |
$109,000 | $560,000 |
| Loan Originated |
4,107 | $993,713,000 |
$241,000 | $1,375,000 |
$104,000 | $1,500,000 |
| Loan Purchased By The Institution |
836 | $172,709,000 |
$206,000 | $975,000 |
$0 | $100,000 |
| 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 |
192 | $49,970,000 |
$260,000 | $1,500,000 |
$131,000 | $528,000 |
| Credit Application Incomplete |
24 | $6,514,000 |
$271,000 | $800,000 |
$126,000 | $307,000 |
| Credit History |
487 | $121,979,000 |
$250,000 | $970,000 |
$96,000 | $575,000 |
| Debt-To-Income Ratio |
147 | $36,548,000 |
$248,000 | $800,000 |
$98,000 | $312,000 |
| Employment History |
44 | $11,703,000 |
$265,000 | $1,400,000 |
$125,000 | $422,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
8 | $3,051,000 |
$381,000 | $1,000,000 |
$408,000 | $1,382,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
213 | $53,033,000 |
$248,000 | $1,000,000 |
$130,000 | $666,000 |
| Unverifiable Information |
100 | $32,480,000 |
$324,000 | $1,000,000 |
$141,000 | $480,000 |
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Mortgage Loan App Totals for WINSTAR MORTGAGE PARTNERS, INC by:
Metropolitan Area And
County
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