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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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ARK-LA-TEX FINANCIAL SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
ARK-LA-TEX FINANCIAL SERVICES |
| Address | 16000 DALLAS PKWY SUITE 800
DALLAS, TX 75248 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,836 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $747,859,000 |
| Average Mortgage Loan Amount Applied For | $153,303 |
| Highest Mortgage Loan Amount Applied For | $3,250,000 |
| Average Applicant Income | $75,212 |
| Highest Applicant Income | $4,200,000 |
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| Home Improvement |
3 | $381,000 |
$127,000 | $200,000 |
$20,000 | $60,000 |
| Home Purchase |
3,219 | $435,695,000 |
$135,000 | $3,250,000 |
$76,000 | $1,200,000 |
| Refinancing |
1,842 | $345,757,000 |
$187,000 | $3,000,000 |
$91,000 | $4,200,000 |
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| American Indian or Alaskan Native |
14 | $1,620,000 |
$115,000 | $296,000 |
$62,000 | $150,000 |
| Asian |
102 | $19,373,000 |
$189,000 | $683,000 |
$100,000 | $600,000 |
| Black or African American |
800 | $105,579,000 |
$131,000 | $840,000 |
$62,000 | $480,000 |
| Hispanic |
615 | $96,222,000 |
$156,000 | $3,250,000 |
$76,000 | $1,913,000 |
| Native Hawaiin or Other Pacific Islander |
13 | $2,596,000 |
$199,000 | $536,000 |
$92,000 | $300,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
362 | $60,491,000 |
$167,000 | $1,193,000 |
$75,000 | $1,200,000 |
| White |
3,158 | $495,952,000 |
$157,000 | $3,000,000 |
$88,000 | $4,200,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,131 | $637,549,000 |
$154,000 | $3,250,000 |
$87,000 | $4,200,000 |
| FHA-insured (Federal Housing Administration) |
276 | $35,406,000 |
$128,000 | $411,000 |
$56,000 | $171,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
657 | $108,878,000 |
$165,000 | $417,000 |
$59,000 | $298,000 |
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| Application Approved But Not Accepted |
724 | $112,322,000 |
$155,000 | $1,178,000 |
$88,000 | $1,913,000 |
| Application Denied By Financial Institution |
482 | $74,496,000 |
$154,000 | $2,730,000 |
$79,000 | $960,000 |
| Application Withdrawn By Applicant |
1,078 | $163,014,000 |
$151,000 | $3,250,000 |
$68,000 | $1,200,000 |
| File Closed For Incompleteness |
112 | $19,890,000 |
$177,000 | $1,463,000 |
$92,000 | $1,020,000 |
| Loan Originated |
2,528 | $389,838,000 |
$154,000 | $3,000,000 |
$84,000 | $4,200,000 |
| Loan Purchased By The Institution |
140 | $22,273,000 |
$159,000 | $780,000 |
$107,000 | $356,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
37 | $8,186,000 |
$221,000 | $1,360,000 |
$137,000 | $600,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
17 | $2,549,000 |
$149,000 | $880,000 |
$69,000 | $282,000 |
| Debt-To-Income Ratio |
28 | $3,906,000 |
$139,000 | $820,000 |
$57,000 | $228,000 |
| Employment History |
5 | $476,000 |
$95,000 | $225,000 |
$65,000 | $114,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $142,000 |
$71,000 | $100,000 |
$27,000 | $29,000 |
| Mortgage Insurance Denied |
2 | $137,000 |
$68,000 | $75,000 |
$19,000 | $20,000 |
| Other |
40 | $10,431,000 |
$260,000 | $2,730,000 |
$125,000 | $960,000 |
| Unverifiable Information |
27 | $4,483,000 |
$166,000 | $560,000 |
$129,000 | $319,000 |
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Mortgage Loan App Totals for ARK-LA-TEX FINANCIAL SERVICES by:
Metropolitan Area And
County
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