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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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FLAGSHIP FINANCIAL SERVICES, I
Mortgage Loans and Application Details
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| Mortgage Company Name |
FLAGSHIP FINANCIAL SERVICES, I |
| Address | 1500 N.W. 62ND STREET STE 206
FORT LAUDERDALE, FL 33309 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 178 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $42,405,000 |
| Average Mortgage Loan Amount Applied For | $179,187 |
| Highest Mortgage Loan Amount Applied For | $1,906,000 |
| Average Applicant Income | $94,875 |
| Highest Applicant Income | $780,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
117 | $25,463,000 |
$217,000 | $896,000 |
$105,000 | $476,000 |
| Refinancing |
65 | $17,778,000 |
$273,000 | $1,906,000 |
$135,000 | $780,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
4 | $815,000 |
$203,000 | $264,000 |
$74,000 | $109,000 |
| Black or African American |
25 | $4,588,000 |
$183,000 | $810,000 |
$66,000 | $216,000 |
| Hispanic |
15 | $2,871,000 |
$191,000 | $400,000 |
$78,000 | $384,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $517,000 |
$103,000 | $188,000 |
$108,000 | $120,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
133 | $34,450,000 |
$259,000 | $1,906,000 |
$131,000 | $780,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
167 | $39,791,000 |
$238,000 | $1,906,000 |
$119,000 | $780,000 |
| FHA-insured (Federal Housing Administration) |
13 | $2,836,000 |
$218,000 | $289,000 |
$73,000 | $113,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
2 | $614,000 |
$307,000 | $389,000 |
$78,000 | $89,000 |
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| Application Approved But Not Accepted |
6 | $2,447,000 |
$407,000 | $896,000 |
$274,000 | $476,000 |
| Application Denied By Financial Institution |
8 | $3,019,000 |
$377,000 | $1,100,000 |
$240,000 | $780,000 |
| Application Withdrawn By Applicant |
19 | $4,583,000 |
$241,000 | $795,000 |
$109,000 | $384,000 |
| File Closed For Incompleteness |
1 | $350,000 |
$350,000 | $350,000 |
$91,000 | $91,000 |
| Loan Originated |
146 | $32,489,000 |
$222,000 | $1,906,000 |
$103,000 | $406,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
2 | $353,000 |
$176,000 | $177,000 |
$120,000 | $203,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
1 | $81,000 |
$81,000 | $81,000 |
$48,000 | $48,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $810,000 |
$810,000 | $810,000 |
$216,000 | $216,000 |
| Debt-To-Income Ratio |
2 | $450,000 |
$225,000 | $256,000 |
$286,000 | $471,000 |
| Employment History |
1 | $29,000 |
$29,000 | $29,000 |
$90,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $489,000 |
$489,000 | $489,000 |
$55,000 | $55,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $60,000 |
$60,000 | $60,000 |
$164,000 | $164,000 |
| Unverifiable Information |
1 | $1,100,000 |
$1,100,000 | $1,100,000 |
$780,000 | $780,000 |
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Mortgage Loan App Totals for FLAGSHIP FINANCIAL SERVICES, I by:
Metropolitan Area And
County
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