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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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GFI MORTGAGE BANKERS, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
GFI MORTGAGE BANKERS, INC. |
| Address | 50 BROADWAY
NEW YORK, NY 10004 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,167 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $604,792,000 |
| Average Mortgage Loan Amount Applied For | $226,378 |
| Highest Mortgage Loan Amount Applied For | $6,500,000 |
| Average Applicant Income | $171,013 |
| Highest Applicant Income | $3,400,000 |
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| Home Improvement |
295 | $90,050,000 |
$305,000 | $5,100,000 |
$149,000 | $1,675,000 |
| Home Purchase |
1,062 | $356,025,000 |
$335,000 | $3,000,000 |
$152,000 | $3,400,000 |
| Refinancing |
810 | $158,717,000 |
$195,000 | $6,500,000 |
$157,000 | $2,000,000 |
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| American Indian or Alaskan Native |
1 | $85,000 |
$85,000 | $85,000 |
$77,000 | $77,000 |
| Asian |
70 | $21,481,000 |
$306,000 | $999,000 |
$144,000 | $773,000 |
| Black or African American |
196 | $51,120,000 |
$260,000 | $1,280,000 |
$117,000 | $386,000 |
| Hispanic |
376 | $89,234,000 |
$237,000 | $1,000,000 |
$135,000 | $494,000 |
| Native Hawaiin or Other Pacific Islander |
2 | $542,000 |
$271,000 | $322,000 |
$62,000 | $68,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
1 | $534,000 |
$534,000 | $534,000 |
$94,000 | $94,000 |
| White |
1,521 | $441,796,000 |
$290,000 | $6,500,000 |
$163,000 | $3,400,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,167 | $604,792,000 |
$279,000 | $6,500,000 |
$154,000 | $3,400,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
3 | $891,000 |
$297,000 | $398,000 |
$159,000 | $192,000 |
| Application Denied By Financial Institution |
23 | $7,773,000 |
$337,000 | $1,650,000 |
$131,000 | $619,000 |
| Application Withdrawn By Applicant |
490 | $135,674,000 |
$276,000 | $6,500,000 |
$161,000 | $2,000,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
1,651 | $460,454,000 |
$278,000 | $5,100,000 |
$152,000 | $3,400,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
3 | $787,000 |
$262,000 | $353,000 |
$153,000 | $192,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GFI MORTGAGE BANKERS, INC. by:
Metropolitan Area And
County
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