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| $5,279,183,286,000 in Mortgage Loans Applied for in 2007 from 26,605,695 Applications |
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GNL INC DBA FREEDOM MORTGAGE
Mortgage Loans and Application Details
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| Mortgage Company Name |
GNL INC DBA FREEDOM MORTGAGE |
| Address | 1528 SWEETWATER RD #E
NATIONAL CITY, CA 91950 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| Data Years (click a year for detail) | 2003 |
| Total Number of Mortgage Loan Applications Processed | 881 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $186,828,000 |
| Average Mortgage Loan Amount Applied For | $200,785 |
| Highest Mortgage Loan Amount Applied For | $997,000 |
| Average Applicant Income | $99,371 |
| Highest Applicant Income | $550,000 |
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| Home Improvement (one-to-four family) |
54 | $4,642,000 |
$67,000 | $215,000 |
$133,000 | $540,000 |
| Home Purchase (one-to-four family) |
341 | $57,223,000 |
$263,250 | $893,000 |
$131,750 | $353,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
486 | $124,963,000 |
$272,800 | $997,000 |
$179,600 | $550,000 |
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| American Indian or Alaskan Native |
3 | $440,000 |
$147,500 | $244,000 |
$69,000 | $102,000 |
| Asian or Pacific Islander |
54 | $11,998,000 |
$198,000 | $920,000 |
$100,500 | $540,000 |
| Black |
30 | $4,880,000 |
$123,000 | $260,000 |
$49,000 | $135,000 |
| Hispanic |
80 | $14,890,000 |
$163,000 | $890,000 |
$70,666 | $444,000 |
| Information not provided by applicant in mail or telephone application |
129 | $23,893,000 |
$275,250 | $840,000 |
$161,500 | $415,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
2 | $379,000 |
$189,000 | $223,000 |
$48,000 | $60,000 |
| White |
583 | $130,348,000 |
$260,200 | $997,000 |
$160,400 | $550,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
786 | $167,483,000 |
$309,666 | $997,000 |
$201,000 | $550,000 |
| FHA-insured (Federal Housing Administration) |
18 | $2,754,000 |
$155,666 | $239,000 |
$73,000 | $138,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
77 | $16,591,000 |
$197,000 | $310,000 |
$67,666 | $150,000 |
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| Application Approved But Not Accepted |
39 | $7,972,000 |
$182,333 | $997,000 |
$91,666 | $197,000 |
| Application Denied By Financial Institution |
57 | $10,790,000 |
$176,333 | $590,000 |
$68,000 | $540,000 |
| Application Withdrawn By Applicant |
108 | $20,762,000 |
$285,250 | $893,000 |
$142,750 | $336,000 |
| File Closed For Incompleteness |
6 | $726,000 |
$135,000 | $197,000 |
$76,500 | $105,000 |
| Loan Originated |
671 | $146,578,000 |
$258,000 | $950,000 |
$176,800 | $550,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
2 | $502,000 |
$251,000 | $323,000 |
$79,500 | $114,000 |
| Credit Application Incomplete |
1 | $184,000 |
$184,000 | $184,000 |
$57,000 | $57,000 |
| Credit History |
2 | $370,000 |
$185,000 | $207,000 |
$44,000 | $55,000 |
| Debt-To-Income Ratio |
8 | $1,502,000 |
$179,333 | $252,000 |
$47,333 | $61,000 |
| Employment History |
1 | $141,000 |
$141,000 | $141,000 |
$60,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $85,000 |
$85,000 | $85,000 |
$21,000 | $21,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $93,000 |
$93,000 | $93,000 |
$52,000 | $52,000 |
| Unverifiable Information |
4 | $616,000 |
$162,000 | $200,000 |
$42,000 | $51,000 |
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Mortgage Loan App Totals for GNL INC DBA FREEDOM MORTGAGE by:
Metropolitan Area And
County
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