AllMortgageDetail - Mortgage Application Details

Plaza Home Mortgage, Inc.
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Plaza Home Mortgage, Inc.
4820 Eastgate Mall, Suite 100
San Diego, CA 92121
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  
Total Number of Mortgage Applications 44,622
Total Mortgage Loan Application Amount $10,710,166,000
Average Mortgage Loan Application Amount $173,665
Highest Mortgage Loan Application Amount $1,950,000
Average Applicant Income $48,705
Highest Applicant Income $6,000,000

Mortgage Loan Application Detail Totals for Plaza Home Mortgage, Inc. in 2014

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 28,676 $6,490,825,000 $226,000 $1,838,000 $66,000 $4,847,000
Refinancing 15,486 $4,097,076,000 $264,000 $1,950,000 $73,000 $6,000,000
Home Improvement 460 $122,265,000 $265,000 $1,000,000 $87,000 $1,057,000

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 23,008 $5,401,552,000 $234,000 $1,950,000 $93,000 $6,000,000
Not applicable 11,091 $2,568,520,000 $231,000 $1,430,000 $0 $0
Hispanic 4,045 $954,984,000 $236,000 $1,408,000 $76,000 $1,280,000
Asian 2,376 $727,005,000 $305,000 $1,203,000 $109,000 $5,460,000
Black or African American 1,957 $435,640,000 $222,000 $1,444,000 $74,000 $2,000,000
Not Provided 1,800 $522,195,000 $290,000 $1,332,000 $100,000 $2,018,000
Native Hawaiin or Other Pacific Islander 241 $76,450,000 $317,000 $938,000 $89,000 $371,000
American Indian or Alaskan Native 104 $23,820,000 $229,000 $700,000 $89,000 $690,000

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) 24,246 $6,332,079,000 $261,000 $1,950,000 $84,000 $4,847,000
FHA-insured (Federal Housing Administration) 12,955 $2,622,711,000 $202,000 $984,000 $50,000 $6,000,000
VA-guaranteed (Veterans Administration) 4,946 $1,379,593,000 $278,000 $1,408,000 $54,000 $708,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,475 $375,783,000 $151,000 $628,000 $42,000 $130,000

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 24,948 $6,000,240,000 $240,000 $1,838,000 $91,000 $6,000,000
Loan Purchased By The Institution 11,091 $2,568,520,000 $231,000 $1,430,000 $0 $0
Application Denied By Financial Institution 5,671 $1,434,806,000 $253,000 $1,730,000 $91,000 $2,000,000
Application Approved But Not Accepted 1,587 $364,632,000 $229,000 $1,050,000 $90,000 $5,460,000
Application Withdrawn By Applicant 719 $182,251,000 $253,000 $1,080,000 $97,000 $939,000
File Closed For Incompleteness 606 $159,717,000 $263,000 $1,950,000 $104,000 $2,018,000
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
Unverifiable Information 1,617 $437,928,000 $270,000 $1,680,000 $108,000 $2,000,000
Debt-To-Income Ratio 1,107 $294,664,000 $266,000 $1,730,000 $65,000 $750,000
Credit History 768 $177,039,000 $230,000 $999,000 $84,000 $1,065,000
Collateral 767 $180,045,000 $234,000 $1,095,000 $96,000 $760,000
Credit Application Incomplete 595 $141,030,000 $237,000 $1,097,000 $95,000 $1,534,000
Other 539 $134,712,000 $249,000 $1,093,000 $99,000 $767,000
Employment History 191 $51,352,000 $268,000 $1,194,000 $79,000 $396,000
Insufficient Cash (Downpayment, Closing Cost) 76 $16,384,000 $215,000 $595,000 $86,000 $572,000
Mortgage Insurance Denied 11 $1,652,000 $150,000 $349,000 $62,000 $135,000