AllMortgageDetail - Mortgage Application Details

Assurity Financial Services
Mortgage Loan Application
Totals and Details
for 2008

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Mortgage Company & Address Assurity Financial Services
6025 South Quebec Street, #260
Englewood, CO 80111
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2009  2008  2007  2006  2005  
Total Number of Mortgage Applications 10,230
Total Mortgage Loan Application Amount $1,850,524,000
Average Mortgage Loan Application Amount $160,429
Highest Mortgage Loan Application Amount $2,660,000
Average Applicant Income $58,547
Highest Applicant Income $1,407,000

Mortgage Loan Application Detail Totals for Assurity Financial Services in 2008

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
Refinancing 6,598 $1,225,990,000 $185,000 $2,660,000 $59,000 $1,407,000
Home Purchase 4,077 $697,996,000 $171,000 $1,022,000 $63,000 $737,000
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 5,781 $1,014,936,000 $175,000 $2,660,000 $61,000 $1,407,000
Hispanic 1,671 $315,833,000 $189,000 $1,360,000 $59,000 $511,000
Black or African American 1,563 $258,421,000 $165,000 $684,000 $59,000 $600,000
Not Provided 1,370 $266,167,000 $194,000 $1,100,000 $60,000 $737,000
Asian 186 $45,306,000 $243,000 $738,000 $79,000 $384,000
Native Hawaiin or Other Pacific Islander 60 $15,680,000 $261,000 $672,000 $76,000 $255,000
American Indian or Alaskan Native 44 $7,643,000 $173,000 $477,000 $50,000 $144,000
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) 8,473 $1,505,392,000 $177,000 $1,360,000 $57,000 $802,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,888 $352,307,000 $186,000 $2,660,000 $77,000 $1,407,000
VA-guaranteed (Veterans Administration) 314 $66,287,000 $211,000 $600,000 $49,000 $195,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

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
Application Denied By Financial Institution 4,066 $734,422,000 $180,000 $2,660,000 $61,000 $825,000
Loan Originated 3,661 $634,198,000 $173,000 $814,000 $58,000 $817,000
Application Approved But Not Accepted 1,418 $254,846,000 $179,000 $672,000 $62,000 $480,000
Application Withdrawn By Applicant 1,178 $231,298,000 $196,000 $1,100,000 $62,000 $1,407,000
File Closed For Incompleteness 352 $69,222,000 $196,000 $1,250,000 $67,000 $737,000
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
Credit History 1,188 $206,831,000 $174,000 $675,000 $61,000 $301,000
Debt-To-Income Ratio 915 $189,831,000 $207,000 $695,000 $57,000 $384,000
Credit Application Incomplete 681 $109,079,000 $160,000 $1,360,000 $59,000 $394,000
Other 591 $103,275,000 $174,000 $741,000 $63,000 $292,000
Collateral 325 $58,630,000 $180,000 $2,660,000 $71,000 $825,000
Unverifiable Information 167 $30,697,000 $183,000 $713,000 $69,000 $386,000
Employment History 77 $13,912,000 $180,000 $684,000 $56,000 $305,000
Mortgage Insurance Denied 37 $6,271,000 $169,000 $342,000 $63,000 $135,000
Insufficient Cash (Downpayment, Closing Cost) 36 $6,613,000 $183,000 $477,000 $56,000 $142,000