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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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GFS, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
GFS, INC. |
| Address | 15455 NW GREENBRIER PARKWAY, SUITE 111
BEAVERTON, OR 97006 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 3,971 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $518,182,000 |
| Average Mortgage Loan Amount Applied For | $117,353 |
| Highest Mortgage Loan Amount Applied For | $778,000 |
| Average Applicant Income | $56,082 |
| Highest Applicant Income | $1,165,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
342 | $46,256,000 |
$135,000 | $602,000 |
$61,000 | $288,000 |
| Refinancing |
3,629 | $471,926,000 |
$130,000 | $778,000 |
$57,000 | $1,165,000 |
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| American Indian or Alaskan Native |
8 | $749,000 |
$93,000 | $205,000 |
$119,000 | $627,000 |
| Asian |
24 | $4,006,000 |
$166,000 | $483,000 |
$55,000 | $240,000 |
| Black or African American |
21 | $4,394,000 |
$209,000 | $417,000 |
$66,000 | $101,000 |
| Hispanic |
114 | $13,528,000 |
$118,000 | $528,000 |
$45,000 | $168,000 |
| Native Hawaiin or Other Pacific Islander |
8 | $1,297,000 |
$162,000 | $248,000 |
$68,000 | $150,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
975 | $132,135,000 |
$135,000 | $761,000 |
$60,000 | $683,000 |
| White |
2,821 | $362,073,000 |
$128,000 | $778,000 |
$57,000 | $1,165,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
3,971 | $518,182,000 |
$130,000 | $778,000 |
$58,000 | $1,165,000 |
| 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 |
1,082 | $149,769,000 |
$138,000 | $761,000 |
$57,000 | $627,000 |
| Application Denied By Financial Institution |
715 | $93,172,000 |
$130,000 | $700,000 |
$57,000 | $684,000 |
| Application Withdrawn By Applicant |
114 | $13,453,000 |
$118,000 | $408,000 |
$61,000 | $892,000 |
| File Closed For Incompleteness |
346 | $45,597,000 |
$131,000 | $556,000 |
$54,000 | $290,000 |
| Loan Originated |
1,714 | $216,191,000 |
$126,000 | $778,000 |
$59,000 | $1,165,000 |
| 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 |
322 | $40,654,000 |
$126,000 | $528,000 |
$52,000 | $384,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
107 | $13,496,000 |
$126,000 | $409,000 |
$68,000 | $684,000 |
| Debt-To-Income Ratio |
78 | $10,833,000 |
$138,000 | $415,000 |
$49,000 | $120,000 |
| Employment History |
11 | $1,488,000 |
$135,000 | $417,000 |
$55,000 | $88,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $36,000 |
$36,000 | $36,000 |
$57,000 | $57,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
57 | $7,151,000 |
$125,000 | $337,000 |
$66,000 | $683,000 |
| Unverifiable Information |
33 | $4,752,000 |
$144,000 | $417,000 |
$75,000 | $390,000 |
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Mortgage Loan App Totals for GFS, INC. by:
Metropolitan Area And
County
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