Carrington Mortgage Services
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Carrington Mortgage Services
1600 So. Douglass Rd, Suites 110 & 200A
Anaheim, CA 92806
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 69,429
Total Mortgage Loan Application Amount $11,622,018,000
Average Mortgage Loan Application Amount $129,164
Highest Mortgage Loan Application Amount $1,661,000
Average Applicant Income $21,689
Highest Applicant Income $2,160,000
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Mortgage Loan Application Detail Totals for Carrington Mortgage Services in 2016

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 57,032 $9,181,714,000 $160,000 $1,661,000 $16,000 $2,160,000
Home Purchase 12,397 $2,440,304,000 $196,000 $1,163,000 $71,000 $1,920,000
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 41,024 $6,497,038,000 $158,000 $1,661,000 $24,000 $2,160,000
Black or African American 11,094 $1,861,309,000 $167,000 $1,225,000 $25,000 $1,440,000
Hispanic 9,799 $1,797,860,000 $183,000 $1,275,000 $28,000 $948,000
Not Provided 4,820 $904,836,000 $187,000 $1,163,000 $27,000 $865,000
Asian 1,603 $381,793,000 $238,000 $870,000 $43,000 $1,800,000
American Indian or Alaskan Native 617 $88,774,000 $143,000 $838,000 $20,000 $244,000
Native Hawaiin or Other Pacific Islander 472 $90,408,000 $191,000 $644,000 $23,000 $223,000
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) 51,699 $8,477,475,000 $163,000 $956,000 $19,000 $1,920,000
VA-guaranteed (Veterans Administration) 9,316 $1,764,195,000 $189,000 $1,104,000 $27,000 $622,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 5,278 $996,021,000 $188,000 $1,661,000 $91,000 $2,160,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,136 $384,327,000 $122,000 $469,000 $14,000 $744,000

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 32,879 $5,682,398,000 $172,000 $849,000 $20,000 $846,000
File Closed For Incompleteness 13,132 $2,101,838,000 $160,000 $1,275,000 $27,000 $1,176,000
Application Denied By Financial Institution 12,900 $2,097,272,000 $162,000 $1,661,000 $34,000 $1,920,000
Application Withdrawn By Applicant 8,436 $1,338,137,000 $158,000 $999,000 $26,000 $2,160,000
Application Approved But Not Accepted 2,071 $400,198,000 $193,000 $1,000,000 $37,000 $622,000
Loan Purchased By The Institution 11 $2,175,000 $197,000 $442,000 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

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 Application Incomplete 6,570 $943,520,000 $143,000 $1,661,000 $20,000 $1,200,000
Credit History 2,634 $454,053,000 $172,000 $1,104,000 $48,000 $1,920,000
Debt-To-Income Ratio 1,417 $308,899,000 $217,000 $1,104,000 $53,000 $312,000
Other 947 $166,591,000 $175,000 $906,000 $42,000 $442,000
Collateral 604 $95,577,000 $158,000 $1,150,000 $61,000 $744,000
Insufficient Cash (Downpayment, Closing Cost) 266 $38,780,000 $145,000 $612,000 $32,000 $185,000
Unverifiable Information 206 $41,863,000 $203,000 $636,000 $54,000 $423,000
Employment History 172 $34,711,000 $201,000 $1,033,000 $55,000 $600,000
Mortgage Insurance Denied 14 $2,038,000 $145,000 $398,000 $15,000 $116,000
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