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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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GERSHMAN INVESTMENT CORP.
Mortgage Loans and Application Details
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| Mortgage Company Name |
GERSHMAN INVESTMENT CORP. |
| Address | 7 N. BEMISTON
CLAYTON, MO 63105 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,613 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $266,923,000 |
| Average Mortgage Loan Amount Applied For | $128,000 |
| Highest Mortgage Loan Amount Applied For | $1,000,000 |
| Average Applicant Income | $58,341 |
| Highest Applicant Income | $3,718,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
1,341 | $219,326,000 |
$163,000 | $1,000,000 |
$68,000 | $3,718,000 |
| Refinancing |
371 | $61,769,000 |
$166,000 | $1,000,000 |
$58,000 | $684,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
31 | $4,256,000 |
$137,000 | $358,000 |
$58,000 | $133,000 |
| Black or African American |
154 | $23,091,000 |
$149,000 | $399,000 |
$44,000 | $245,000 |
| Hispanic |
24 | $3,349,000 |
$139,000 | $293,000 |
$68,000 | $265,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $315,000 |
$157,000 | $163,000 |
$20,000 | $41,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
16 | $3,185,000 |
$199,000 | $417,000 |
$57,000 | $240,000 |
| White |
1,485 | $246,899,000 |
$166,000 | $1,000,000 |
$68,000 | $3,718,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,249 | $207,994,000 |
$166,000 | $1,000,000 |
$75,000 | $3,718,000 |
| FHA-insured (Federal Housing Administration) |
285 | $36,155,000 |
$126,000 | $231,000 |
$37,000 | $289,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
178 | $36,946,000 |
$207,000 | $417,000 |
$47,000 | $202,000 |
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| Application Approved But Not Accepted |
25 | $3,688,000 |
$147,000 | $360,000 |
$61,000 | $135,000 |
| Application Denied By Financial Institution |
72 | $7,979,000 |
$110,000 | $279,000 |
$50,000 | $840,000 |
| Application Withdrawn By Applicant |
99 | $14,847,000 |
$149,000 | $353,000 |
$67,000 | $220,000 |
| File Closed For Incompleteness |
8 | $1,456,000 |
$182,000 | $417,000 |
$92,000 | $240,000 |
| Loan Originated |
1,464 | $245,985,000 |
$168,000 | $1,000,000 |
$67,000 | $3,718,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
38 | $6,662,000 |
$175,000 | $376,000 |
$70,000 | $240,000 |
| Preapproval Denied by Financial Institution |
6 | $478,000 |
$79,000 | $255,000 |
$0 | $0 |
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| Collateral |
4 | $493,000 |
$123,000 | $255,000 |
$20,000 | $80,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
43 | $4,109,000 |
$95,000 | $279,000 |
$38,000 | $110,000 |
| Debt-To-Income Ratio |
17 | $2,030,000 |
$119,000 | $196,000 |
$36,000 | $61,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
2 | $191,000 |
$95,000 | $140,000 |
$55,000 | $91,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
5 | $644,000 |
$128,000 | $160,000 |
$194,000 | $840,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GERSHMAN INVESTMENT CORP. by:
Metropolitan Area And
County
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