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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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GEORGE MASON MORTGAGE LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
GEORGE MASON MORTGAGE LLC |
| Address | 4100 MONUMENT CORNER DRIVE #100
FAIRFAX, VA 22030 |
| Agency | Federal Deposit Insurance Corporation (FDIC) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 4,751 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $1,360,793,000 |
| Average Mortgage Loan Amount Applied For | $239,401 |
| Highest Mortgage Loan Amount Applied For | $3,000,000 |
| Average Applicant Income | $170,612 |
| Highest Applicant Income | $6,504,000 |
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| Home Improvement |
24 | $6,789,000 |
$282,000 | $1,000,000 |
$152,000 | $1,015,000 |
| Home Purchase |
3,483 | $995,477,000 |
$285,000 | $2,000,000 |
$145,000 | $6,504,000 |
| Refinancing |
1,252 | $361,134,000 |
$288,000 | $3,000,000 |
$148,000 | $3,996,000 |
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| American Indian or Alaskan Native |
18 | $4,898,000 |
$272,000 | $692,000 |
$116,000 | $202,000 |
| Asian |
193 | $56,054,000 |
$290,000 | $1,000,000 |
$139,000 | $824,000 |
| Black or African American |
382 | $95,271,000 |
$249,000 | $1,000,000 |
$110,000 | $862,000 |
| Hispanic |
421 | $105,648,000 |
$250,000 | $1,000,000 |
$145,000 | $3,996,000 |
| Native Hawaiin or Other Pacific Islander |
9 | $2,594,000 |
$288,000 | $537,000 |
$104,000 | $281,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
657 | $212,638,000 |
$323,000 | $1,920,000 |
$182,000 | $1,909,000 |
| White |
3,079 | $886,297,000 |
$287,000 | $3,000,000 |
$143,000 | $6,504,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
4,574 | $1,313,741,000 |
$287,000 | $3,000,000 |
$148,000 | $6,504,000 |
| FHA-insured (Federal Housing Administration) |
99 | $23,482,000 |
$237,000 | $368,000 |
$87,000 | $324,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $417,000 |
$417,000 | $417,000 |
$195,000 | $195,000 |
| VA-guaranteed (Veterans Administration) |
85 | $25,760,000 |
$303,000 | $417,000 |
$83,000 | $148,000 |
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| Application Approved But Not Accepted |
204 | $57,383,000 |
$281,000 | $1,440,000 |
$145,000 | $555,000 |
| Application Denied By Financial Institution |
24 | $6,460,000 |
$269,000 | $600,000 |
$125,000 | $375,000 |
| Application Withdrawn By Applicant |
202 | $67,269,000 |
$333,000 | $1,500,000 |
$211,000 | $6,504,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
4,276 | $1,219,758,000 |
$285,000 | $3,000,000 |
$144,000 | $3,996,000 |
| Loan Purchased By The Institution |
53 | $12,530,000 |
$236,000 | $632,000 |
$47,000 | $251,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
1 | $124,000 |
$124,000 | $124,000 |
$24,000 | $24,000 |
| Credit History |
12 | $3,228,000 |
$269,000 | $600,000 |
$164,000 | $375,000 |
| Debt-To-Income Ratio |
8 | $1,969,000 |
$246,000 | $460,000 |
$74,000 | $120,000 |
| 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 |
2 | $721,000 |
$360,000 | $571,000 |
$162,000 | $197,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GEORGE MASON MORTGAGE LLC by:
Metropolitan Area And
County
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