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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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ALLEN TATE MORTGAGE SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
ALLEN TATE MORTGAGE SERVICES |
| Address | 8640 UNIVERSITY EXECUTIVE PARK, SUITE A
CHARLOTTE, NC 28262 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,687 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $232,045,000 |
| Average Mortgage Loan Amount Applied For | $138,114 |
| Highest Mortgage Loan Amount Applied For | $1,900,000 |
| Average Applicant Income | $79,771 |
| Highest Applicant Income | $2,266,000 |
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| Home Improvement |
1 | $97,000 |
$97,000 | $97,000 |
$66,000 | $66,000 |
| Home Purchase |
1,765 | $244,019,000 |
$138,000 | $1,900,000 |
$79,000 | $2,266,000 |
| Refinancing |
96 | $14,485,000 |
$150,000 | $587,000 |
$86,000 | $443,000 |
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| American Indian or Alaskan Native |
4 | $558,000 |
$139,000 | $220,000 |
$37,000 | $58,000 |
| Asian |
27 | $3,491,000 |
$129,000 | $276,000 |
$54,000 | $129,000 |
| Black or African American |
103 | $12,932,000 |
$125,000 | $712,000 |
$62,000 | $208,000 |
| Hispanic |
147 | $18,946,000 |
$128,000 | $650,000 |
$53,000 | $264,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $364,000 |
$182,000 | $222,000 |
$34,000 | $69,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
56 | $7,693,000 |
$137,000 | $493,000 |
$80,000 | $650,000 |
| White |
1,523 | $214,617,000 |
$140,000 | $1,900,000 |
$84,000 | $2,266,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,785 | $248,477,000 |
$139,000 | $1,900,000 |
$80,000 | $2,266,000 |
| FHA-insured (Federal Housing Administration) |
56 | $7,077,000 |
$126,000 | $372,000 |
$69,000 | $306,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
21 | $3,047,000 |
$145,000 | $250,000 |
$53,000 | $104,000 |
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| Application Approved But Not Accepted |
1 | $73,000 |
$73,000 | $73,000 |
$25,000 | $25,000 |
| Application Denied By Financial Institution |
52 | $5,629,000 |
$108,000 | $236,000 |
$49,000 | $180,000 |
| Application Withdrawn By Applicant |
152 | $25,964,000 |
$170,000 | $1,900,000 |
$85,000 | $1,020,000 |
| File Closed For Incompleteness |
2 | $239,000 |
$119,000 | $169,000 |
$50,000 | $100,000 |
| Loan Originated |
1,653 | $226,365,000 |
$136,000 | $1,000,000 |
$80,000 | $2,266,000 |
| Loan Purchased By The Institution |
1 | $290,000 |
$290,000 | $290,000 |
$125,000 | $125,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
1 | $41,000 |
$41,000 | $41,000 |
$42,000 | $42,000 |
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| Collateral |
5 | $419,000 |
$83,000 | $141,000 |
$44,000 | $60,000 |
| Credit Application Incomplete |
1 | $176,000 |
$176,000 | $176,000 |
$71,000 | $71,000 |
| Credit History |
11 | $1,316,000 |
$119,000 | $236,000 |
$51,000 | $100,000 |
| Debt-To-Income Ratio |
18 | $1,942,000 |
$107,000 | $210,000 |
$46,000 | $165,000 |
| Employment History |
4 | $432,000 |
$108,000 | $154,000 |
$42,000 | $68,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $126,000 |
$126,000 | $126,000 |
$47,000 | $47,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $759,000 |
$94,000 | $200,000 |
$50,000 | $115,000 |
| Unverifiable Information |
1 | $88,000 |
$88,000 | $88,000 |
$21,000 | $21,000 |
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Mortgage Loan App Totals for ALLEN TATE MORTGAGE SERVICES by:
Metropolitan Area And
County
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