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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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GTL INVESTMENTS INC
Mortgage Loans and Application Details
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| Mortgage Company Name |
GTL INVESTMENTS INC |
| Address | 25800 NORTHWESTERN HWY STE 110
SOUTHFIELD, MI 48075 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 1,473 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $136,539,000 |
| Average Mortgage Loan Amount Applied For | $90,545 |
| Highest Mortgage Loan Amount Applied For | $180,000 |
| Average Applicant Income | $71,454 |
| Highest Applicant Income | $886,000 |
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| Home Improvement |
1 | $50,000 |
$50,000 | $50,000 |
$84,000 | $84,000 |
| Home Purchase |
1,318 | $122,777,000 |
$93,000 | $180,000 |
$67,000 | $573,000 |
| Refinancing |
154 | $13,712,000 |
$89,000 | $176,000 |
$94,000 | $886,000 |
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| American Indian or Alaskan Native |
4 | $406,000 |
$101,000 | $148,000 |
$82,000 | $91,000 |
| Asian |
20 | $1,926,000 |
$96,000 | $174,000 |
$98,000 | $414,000 |
| Black or African American |
126 | $11,901,000 |
$94,000 | $179,000 |
$55,000 | $132,000 |
| Hispanic |
22 | $1,761,000 |
$80,000 | $147,000 |
$58,000 | $127,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
102 | $9,616,000 |
$94,000 | $176,000 |
$77,000 | $362,000 |
| White |
1,199 | $110,929,000 |
$92,000 | $180,000 |
$71,000 | $886,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
1,278 | $112,826,000 |
$88,000 | $180,000 |
$73,000 | $886,000 |
| FHA-insured (Federal Housing Administration) |
181 | $21,819,000 |
$120,000 | $178,000 |
$50,000 | $154,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
14 | $1,894,000 |
$135,000 | $178,000 |
$60,000 | $108,000 |
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| Application Approved But Not Accepted |
64 | $5,304,000 |
$82,000 | $164,000 |
$84,000 | $886,000 |
| Application Denied By Financial Institution |
24 | $2,018,000 |
$84,000 | $167,000 |
$52,000 | $128,000 |
| Application Withdrawn By Applicant |
80 | $7,116,000 |
$88,000 | $175,000 |
$70,000 | $462,000 |
| File Closed For Incompleteness |
48 | $4,218,000 |
$87,000 | $174,000 |
$63,000 | $362,000 |
| Loan Originated |
1,256 | $117,862,000 |
$93,000 | $180,000 |
$70,000 | $864,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
1 | $21,000 |
$21,000 | $21,000 |
$34,000 | $34,000 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
11 | $747,000 |
$67,000 | $128,000 |
$45,000 | $89,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
1 | $132,000 |
$132,000 | $132,000 |
$63,000 | $63,000 |
| Debt-To-Income Ratio |
3 | $188,000 |
$62,000 | $102,000 |
$32,000 | $60,000 |
| 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 |
6 | $687,000 |
$114,000 | $167,000 |
$65,000 | $128,000 |
| Unverifiable Information |
2 | $202,000 |
$101,000 | $162,000 |
$55,000 | $55,000 |
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Mortgage Loan App Totals for GTL INVESTMENTS INC by:
Metropolitan Area And
County
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