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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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GMFS,LLC
Mortgage Loans and Application Details
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| Mortgage Company Name |
GMFS,LLC |
| Address | 7389 FLORIDA BLVD STE 200-A
BATON ROUGE, LA 70806 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 25,518 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,857,541,000 |
| Average Mortgage Loan Amount Applied For | $101,188 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $56,206 |
| Highest Applicant Income | $816,000 |
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| Home Improvement |
4 | $1,031,000 |
$257,000 | $740,000 |
$96,000 | $214,000 |
| Home Purchase |
8,588 | $1,036,073,000 |
$120,000 | $1,200,000 |
$71,000 | $816,000 |
| Refinancing |
16,926 | $1,820,437,000 |
$107,000 | $1,500,000 |
$56,000 | $804,000 |
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| American Indian or Alaskan Native |
6 | $646,000 |
$107,000 | $218,000 |
$49,000 | $73,000 |
| Asian |
61 | $10,160,000 |
$166,000 | $515,000 |
$88,000 | $340,000 |
| Black or African American |
1,469 | $186,828,000 |
$127,000 | $1,000,000 |
$65,000 | $672,000 |
| Hispanic |
343 | $53,006,000 |
$154,000 | $920,000 |
$74,000 | $341,000 |
| Native Hawaiin or Other Pacific Islander |
7 | $1,300,000 |
$185,000 | $492,000 |
$119,000 | $232,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
21,185 | $2,266,326,000 |
$106,000 | $1,500,000 |
$59,000 | $816,000 |
| White |
2,447 | $339,275,000 |
$138,000 | $1,243,000 |
$75,000 | $750,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
25,341 | $2,835,802,000 |
$111,000 | $1,500,000 |
$61,000 | $816,000 |
| FHA-insured (Federal Housing Administration) |
176 | $21,558,000 |
$122,000 | $268,000 |
$49,000 | $115,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
1 | $181,000 |
$181,000 | $181,000 |
$73,000 | $73,000 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
14,283 | $1,791,135,000 |
$125,000 | $1,500,000 |
$67,000 | $816,000 |
| Application Denied By Financial Institution |
2,798 | $335,423,000 |
$119,000 | $1,200,000 |
$55,000 | $806,000 |
| Application Withdrawn By Applicant |
3,851 | $153,040,000 |
$39,000 | $940,000 |
$31,000 | $462,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
4,586 | $577,943,000 |
$126,000 | $1,200,000 |
$72,000 | $750,000 |
| 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 |
246 | $26,665,000 |
$108,000 | $500,000 |
$62,000 | $672,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2,297 | $275,286,000 |
$119,000 | $1,200,000 |
$54,000 | $806,000 |
| Debt-To-Income Ratio |
61 | $8,746,000 |
$143,000 | $1,200,000 |
$53,000 | $750,000 |
| Employment History |
49 | $6,297,000 |
$128,000 | $600,000 |
$45,000 | $340,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
20 | $2,042,000 |
$102,000 | $366,000 |
$51,000 | $313,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
125 | $16,387,000 |
$131,000 | $488,000 |
$64,000 | $480,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for GMFS,LLC by:
Metropolitan Area And
County
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