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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 MORTGAGE GROUP LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
GATEWAY MORTGAGE GROUP LLC |
| Address | 6910 E 14TH ST
TULSA, OK 74112 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,082 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $124,546,000 |
| Average Mortgage Loan Amount Applied For | $124,628 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $69,702 |
| Highest Applicant Income | $1,500,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
770 | $81,081,000 |
$105,000 | $1,000,000 |
$65,000 | $1,500,000 |
| Refinancing |
371 | $50,905,000 |
$137,000 | $715,000 |
$73,000 | $911,000 |
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| American Indian or Alaskan Native |
19 | $1,406,000 |
$74,000 | $275,000 |
$48,000 | $91,000 |
| Asian |
13 | $1,366,000 |
$105,000 | $183,000 |
$46,000 | $115,000 |
| Black or African American |
220 | $26,362,000 |
$119,000 | $646,000 |
$63,000 | $363,000 |
| Hispanic |
121 | $12,589,000 |
$104,000 | $383,000 |
$52,000 | $180,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $575,000 |
$71,000 | $107,000 |
$86,000 | $98,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
88 | $10,185,000 |
$115,000 | $309,000 |
$62,000 | $288,000 |
| White |
672 | $79,503,000 |
$118,000 | $1,000,000 |
$73,000 | $1,500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
916 | $107,230,000 |
$117,000 | $1,000,000 |
$72,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) |
225 | $24,756,000 |
$110,000 | $318,000 |
$52,000 | $288,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
106 | $12,725,000 |
$120,000 | $480,000 |
$63,000 | $163,000 |
| Application Denied By Financial Institution |
178 | $21,346,000 |
$119,000 | $479,000 |
$63,000 | $911,000 |
| Application Withdrawn By Applicant |
77 | $9,865,000 |
$128,000 | $700,000 |
$68,000 | $211,000 |
| File Closed For Incompleteness |
7 | $1,185,000 |
$169,000 | $286,000 |
$71,000 | $180,000 |
| Loan Originated |
763 | $85,844,000 |
$112,000 | $1,000,000 |
$70,000 | $1,500,000 |
| Loan Purchased By The Institution |
10 | $1,021,000 |
$102,000 | $280,000 |
$40,000 | $75,000 |
| 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 |
1 | $115,000 |
$115,000 | $115,000 |
$74,000 | $74,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
4 | $330,000 |
$82,000 | $99,000 |
$42,000 | $52,000 |
| Debt-To-Income Ratio |
8 | $1,219,000 |
$152,000 | $203,000 |
$42,000 | $60,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 GATEWAY MORTGAGE GROUP LLC by:
Metropolitan Area And
County
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