AllMortgageDetail - Mortgage Application Details

Ditech Mortgage Corp
Mortgage Loan Application
Totals and Details
for 2014

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Mortgage Company & Address Ditech Mortgage Corp
1100 Virginia Drive, Suite 100
Ft. Washington, PA 19034
Federal Regulator Department of Housing and Urban Development (HUD)
Years 2014  2013  2012  2011  2010  2009  2008  
Total Number of Mortgage Applications 44,327
Total Mortgage Loan Application Amount $9,851,198,000
Average Mortgage Loan Application Amount $158,054
Highest Mortgage Loan Application Amount $2,370,000
Average Applicant Income $50,732
Highest Applicant Income $3,391,000

Mortgage Loan Application Detail Totals for Ditech Mortgage Corp 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 25,616 $5,642,358,000 $220,000 $2,763,000 $53,000 $3,391,000
Refinancing 17,652 $4,000,818,000 $226,000 $2,370,000 $64,000 $2,246,000
Home Improvement 1,229 $241,687,000 $196,000 $1,088,000 $73,000 $606,000

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
Not applicable 33,114 $7,285,948,000 $220,000 $1,094,000 $41,000 $3,391,000
White 8,255 $1,902,920,000 $230,000 $2,763,000 $108,000 $2,231,000
Asian 990 $270,396,000 $273,000 $1,440,000 $121,000 $869,000
Hispanic 817 $162,267,000 $198,000 $1,080,000 $86,000 $1,212,000
Black or African American 638 $98,647,000 $154,000 $1,082,000 $71,000 $499,000
Not Provided 557 $139,605,000 $250,000 $1,070,000 $113,000 $1,019,000
American Indian or Alaskan Native 68 $11,951,000 $175,000 $700,000 $85,000 $375,000
Native Hawaiin or Other Pacific Islander 58 $13,129,000 $226,000 $658,000 $82,000 $185,000

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) 35,249 $8,070,592,000 $228,000 $2,763,000 $63,000 $3,391,000
FHA-insured (Federal Housing Administration) 7,901 $1,466,684,000 $185,000 $636,000 $38,000 $544,000
VA-guaranteed (Veterans Administration) 1,341 $346,989,000 $258,000 $1,095,000 $39,000 $480,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6 $598,000 $99,000 $123,000 $48,000 $63,000

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 Purchased By The Institution 33,114 $7,285,948,000 $220,000 $1,094,000 $41,000 $3,391,000
Loan Originated 5,482 $1,311,499,000 $239,000 $2,000,000 $115,000 $1,899,000
Application Denied By Financial Institution 3,643 $850,112,000 $233,000 $2,370,000 $102,000 $2,231,000
Application Withdrawn By Applicant 1,670 $321,511,000 $192,000 $1,095,000 $88,000 $1,212,000
File Closed For Incompleteness 302 $52,631,000 $174,000 $875,000 $89,000 $1,500,000
Preapproval Denied by Financial Institution 170 $33,665,000 $198,000 $2,763,000 $74,000 $1,006,000
Application Approved But Not Accepted 116 $29,497,000 $254,000 $800,000 $113,000 $669,000
Preapproval Approved but not Accepted 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
Collateral 1,481 $406,619,000 $274,000 $2,763,000 $129,000 $2,120,000
Credit History 847 $130,735,000 $154,000 $1,360,000 $69,000 $768,000
Debt-To-Income Ratio 797 $178,405,000 $223,000 $1,455,000 $65,000 $747,000
Unverifiable Information 442 $125,840,000 $284,000 $1,345,000 $145,000 $2,231,000
Other 107 $19,319,000 $180,000 $823,000 $94,000 $557,000
Insufficient Cash (Downpayment, Closing Cost) 81 $11,200,000 $138,000 $548,000 $63,000 $281,000
Employment History 24 $5,307,000 $221,000 $557,000 $93,000 $360,000
Mortgage Insurance Denied 17 $4,083,000 $240,000 $396,000 $87,000 $182,000
Credit Application Incomplete 2 $432,000 $216,000 $249,000 $112,000 $141,000