Impac Mortgage Corp.
Mortgage Loan Application
Totals and Details
for 2016

Mortgage Company & Address Impac Mortgage Corp.
19500 Jamboree Road
Irvine, CA 92612
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  2010  
Total Number of Mortgage Applications 64,616
Total Mortgage Loan Application Amount $19,969,158,000
Average Mortgage Loan Application Amount $192,821
Highest Mortgage Loan Application Amount $2,680,000
Average Applicant Income $84,631
Highest Applicant Income $6,053,000
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Mortgage Loan Application Detail Totals for Impac Mortgage Corp. 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 55,887 $17,534,960,000 $313,000 $2,680,000 $113,000 $6,053,000
Home Purchase 8,729 $2,434,198,000 $278,000 $2,275,000 $109,000 $5,784,000
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 26,295 $8,231,985,000 $313,000 $2,680,000 $120,000 $6,000,000
Not Provided 13,190 $4,249,062,000 $322,000 $2,275,000 $118,000 $6,053,000
Hispanic 9,409 $2,782,298,000 $295,000 $1,600,000 $92,000 $2,023,000
Not applicable 6,553 $1,668,903,000 $254,000 $968,000 $91,000 $2,233,000
Asian 6,392 $2,216,541,000 $346,000 $1,925,000 $129,000 $3,056,000
Black or African American 1,908 $553,953,000 $290,000 $1,609,000 $92,000 $2,314,000
Native Hawaiin or Other Pacific Islander 609 $194,549,000 $319,000 $671,000 $105,000 $1,200,000
American Indian or Alaskan Native 260 $71,867,000 $276,000 $823,000 $100,000 $2,502,000

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) 55,309 $17,523,116,000 $316,000 $2,680,000 $119,000 $6,053,000
FHA-insured (Federal Housing Administration) 7,695 $1,987,300,000 $258,000 $771,000 $71,000 $1,800,000
VA-guaranteed (Veterans Administration) 1,551 $449,618,000 $289,000 $887,000 $76,000 $675,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 61 $9,124,000 $149,000 $329,000 $55,000 $93,000

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 35,181 $11,252,099,000 $319,000 $2,400,000 $120,000 $6,053,000
Application Denied By Financial Institution 14,075 $4,294,569,000 $305,000 $2,680,000 $102,000 $6,000,000
Application Withdrawn By Applicant 8,538 $2,662,392,000 $311,000 $2,000,000 $117,000 $6,000,000
Loan Purchased By The Institution 6,553 $1,668,903,000 $254,000 $968,000 $91,000 $2,233,000
Application Approved But Not Accepted 261 $86,563,000 $331,000 $1,350,000 $106,000 $867,000
File Closed For Incompleteness 8 $4,632,000 $579,000 $1,200,000 $120,000 $380,000
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 Application Incomplete 5,035 $1,526,282,000 $303,000 $2,372,000 $110,000 $6,000,000
Credit History 3,036 $835,251,000 $275,000 $2,000,000 $88,000 $2,520,000
Debt-To-Income Ratio 2,934 $943,186,000 $321,000 $2,680,000 $81,000 $5,837,000
Collateral 1,581 $469,625,000 $297,000 $1,650,000 $118,000 $3,834,000
Unverifiable Information 875 $303,356,000 $346,000 $1,950,000 $119,000 $2,426,000
Other 356 $127,374,000 $357,000 $2,000,000 $150,000 $2,751,000
Employment History 127 $43,015,000 $338,000 $2,000,000 $109,000 $663,000
Insufficient Cash (Downpayment, Closing Cost) 120 $43,216,000 $360,000 $1,390,000 $120,000 $2,278,000
Mortgage Insurance Denied 4 $749,000 $187,000 $418,000 $35,000 $79,000
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