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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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GLOBAL FINANCIAL SERVICES
Mortgage Loans and Application Details
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| Mortgage Company Name |
GLOBAL FINANCIAL SERVICES |
| Address | 6931 ARLINGTON ROAD SUITE 501
BETHESDA, MD 20814 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2005 |
| All Data Years | 2005 |
| Total Number of Mortgage Loan Applications Processed | 152 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $38,870,000 |
| Average Mortgage Loan Amount Applied For | $242,545 |
| Highest Mortgage Loan Amount Applied For | $791,000 |
| Average Applicant Income | $98,363 |
| Highest Applicant Income | $523,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
92 | $24,038,000 |
$253,666 | $791,000 |
$101,000 | $405,000 |
| Refinancing |
60 | $14,832,000 |
$207,000 | $638,000 |
$99,000 | $523,000 |
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| American Indian or Alaskan Native |
1 | $212,000 |
$212,000 | $212,000 |
$0 | $0 |
| Asian |
7 | $2,224,000 |
$329,000 | $610,000 |
$90,500 | $140,000 |
| Black or African American |
19 | $4,174,000 |
$150,500 | $638,000 |
$76,250 | $187,000 |
| Hispanic |
4 | $1,351,000 |
$337,500 | $560,000 |
$181,000 | $523,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
28 | $6,825,000 |
$245,666 | $700,000 |
$77,333 | $256,000 |
| White |
93 | $24,084,000 |
$207,250 | $791,000 |
$99,750 | $405,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
150 | $38,667,000 |
$208,250 | $791,000 |
$96,000 | $523,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
2 | $203,000 |
$101,000 | $153,000 |
$35,000 | $47,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
3 | $793,000 |
$264,333 | $440,000 |
$68,666 | $92,000 |
| Application Denied By Financial Institution |
4 | $573,000 |
$138,333 | $252,000 |
$145,666 | $283,000 |
| Application Withdrawn By Applicant |
43 | $11,382,000 |
$219,750 | $791,000 |
$83,000 | $405,000 |
| File Closed For Incompleteness |
29 | $7,799,000 |
$202,666 | $650,000 |
$102,333 | $405,000 |
| Loan Originated |
73 | $18,323,000 |
$203,500 | $638,000 |
$97,250 | $523,000 |
| 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 |
1 | $64,000 |
$64,000 | $64,000 |
$283,000 | $283,000 |
| 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 |
3 | $509,000 |
$175,500 | $252,000 |
$77,000 | $94,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GLOBAL FINANCIAL SERVICES by:
Metropolitan Area And
County
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