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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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FM LENDING SERVICES, INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
FM LENDING SERVICES, INC |
| Address | 1000 ST. ALBANS DRIVE STE. 400
RALEIGH, NC 27609 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,827 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $303,681,000 |
| Average Mortgage Loan Amount Applied For | $182,222 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $100,259 |
| Highest Applicant Income | $720,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,744 | $286,198,000 |
$164,000 | $1,000,000 |
$76,000 | $720,000 |
| Refinancing |
95 | $19,493,000 |
$205,000 | $1,500,000 |
$101,000 | $559,000 |
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| American Indian or Alaskan Native |
2 | $321,000 |
$160,000 | $197,000 |
$59,000 | $83,000 |
| Asian |
45 | $8,311,000 |
$184,000 | $564,000 |
$86,000 | $192,000 |
| Black or African American |
96 | $14,652,000 |
$152,000 | $384,000 |
$63,000 | $189,000 |
| Hispanic |
53 | $7,752,000 |
$146,000 | $556,000 |
$47,000 | $200,000 |
| Native Hawaiin or Other Pacific Islander |
3 | $510,000 |
$170,000 | $234,000 |
$66,000 | $77,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
77 | $15,819,000 |
$205,000 | $1,473,000 |
$99,000 | $559,000 |
| White |
1,563 | $258,326,000 |
$165,000 | $1,500,000 |
$78,000 | $720,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,605 | $269,889,000 |
$168,000 | $1,500,000 |
$79,000 | $720,000 |
| FHA-insured (Federal Housing Administration) |
164 | $22,308,000 |
$136,000 | $203,000 |
$65,000 | $588,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
70 | $13,494,000 |
$192,000 | $341,000 |
$71,000 | $185,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
10 | $1,724,000 |
$172,000 | $285,000 |
$44,000 | $72,000 |
| Application Withdrawn By Applicant |
181 | $31,616,000 |
$174,000 | $649,000 |
$75,000 | $720,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,648 | $272,351,000 |
$165,000 | $1,500,000 |
$78,000 | $588,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $151,000 |
$151,000 | $151,000 |
$36,000 | $36,000 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Employment History |
1 | $277,000 |
$277,000 | $277,000 |
$72,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for FM LENDING SERVICES, INC by:
Metropolitan Area And
County
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