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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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GATEWAY FUNDING DMS, L.P.
Mortgage Loans and Application Details
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| Mortgage Company Name |
GATEWAY FUNDING DMS, L.P. |
| Address | 300 WELSH ROAD, BUILDING 5
HORSHAM, PA 19044 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 15,237 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,936,038,000 |
| Average Mortgage Loan Amount Applied For | $176,486 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $86,546 |
| Highest Applicant Income | $2,938,000 |
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| Home Improvement |
40 | $10,114,000 |
$252,000 | $2,400,000 |
$132,000 | $2,000,000 |
| Home Purchase |
9,795 | $1,782,920,000 |
$182,000 | $1,800,000 |
$87,000 | $1,205,000 |
| Refinancing |
6,205 | $1,290,244,000 |
$207,000 | $3,000,000 |
$90,000 | $2,938,000 |
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| American Indian or Alaskan Native |
31 | $4,544,000 |
$146,000 | $650,000 |
$74,000 | $381,000 |
| Asian |
379 | $84,556,000 |
$223,000 | $941,000 |
$101,000 | $747,000 |
| Black or African American |
1,545 | $266,016,000 |
$172,000 | $1,432,000 |
$69,000 | $403,000 |
| Hispanic |
2,111 | $357,607,000 |
$169,000 | $1,600,000 |
$70,000 | $1,020,000 |
| Native Hawaiin or Other Pacific Islander |
32 | $7,627,000 |
$238,000 | $600,000 |
$101,000 | $390,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
611 | $108,021,000 |
$176,000 | $1,100,000 |
$75,000 | $744,000 |
| White |
11,331 | $2,254,907,000 |
$199,000 | $3,000,000 |
$94,000 | $2,938,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
13,587 | $2,688,406,000 |
$197,000 | $3,000,000 |
$94,000 | $2,938,000 |
| FHA-insured (Federal Housing Administration) |
2,194 | $352,756,000 |
$160,000 | $570,000 |
$55,000 | $242,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
81 | $7,346,000 |
$90,000 | $244,000 |
$35,000 | $75,000 |
| VA-guaranteed (Veterans Administration) |
178 | $34,770,000 |
$195,000 | $398,000 |
$61,000 | $219,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
1,089 | $202,878,000 |
$186,000 | $1,800,000 |
$81,000 | $1,020,000 |
| Application Withdrawn By Applicant |
3,268 | $620,507,000 |
$189,000 | $3,000,000 |
$85,000 | $1,364,000 |
| File Closed For Incompleteness |
601 | $110,765,000 |
$184,000 | $2,400,000 |
$77,000 | $2,000,000 |
| Loan Originated |
11,071 | $2,148,021,000 |
$194,000 | $1,600,000 |
$91,000 | $2,938,000 |
| Loan Purchased By The Institution |
1 | $155,000 |
$155,000 | $155,000 |
$55,000 | $55,000 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
10 | $952,000 |
$95,000 | $179,000 |
$66,000 | $300,000 |
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| Collateral |
146 | $23,991,000 |
$164,000 | $971,000 |
$77,000 | $668,000 |
| Credit Application Incomplete |
137 | $24,564,000 |
$179,000 | $990,000 |
$84,000 | $1,020,000 |
| Credit History |
215 | $36,588,000 |
$170,000 | $617,000 |
$69,000 | $363,000 |
| Debt-To-Income Ratio |
141 | $26,690,000 |
$189,000 | $749,000 |
$60,000 | $475,000 |
| Employment History |
33 | $4,715,000 |
$142,000 | $424,000 |
$68,000 | $258,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
27 | $6,929,000 |
$256,000 | $1,800,000 |
$94,000 | $480,000 |
| Mortgage Insurance Denied |
3 | $485,000 |
$161,000 | $268,000 |
$69,000 | $131,000 |
| Other |
369 | $75,183,000 |
$203,000 | $1,309,000 |
$96,000 | $700,000 |
| Unverifiable Information |
27 | $4,370,000 |
$161,000 | $365,000 |
$65,000 | $423,000 |
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Mortgage Loan App Totals for GATEWAY FUNDING DMS, L.P. by:
Metropolitan Area And
County
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