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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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MID-ATLANTIC FINANCIAL SERVICE
Mortgage Loans and Application Details
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| Mortgage Company Name |
MID-ATLANTIC FINANCIAL SERVICE |
| Address | 200 GALLERIA PARKWAY, STE 1300
ATLANTA, GA 30339 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,407 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $305,576,000 |
| Average Mortgage Loan Amount Applied For | $122,036 |
| Highest Mortgage Loan Amount Applied For | $950,000 |
| Average Applicant Income | $56,304 |
| Highest Applicant Income | $1,005,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
665 | $86,498,000 |
$130,000 | $826,000 |
$78,000 | $918,000 |
| Refinancing |
1,748 | $219,675,000 |
$125,000 | $950,000 |
$59,000 | $1,005,000 |
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| American Indian or Alaskan Native |
2 | $266,000 |
$133,000 | $140,000 |
$80,000 | $119,000 |
| Asian |
3 | $357,000 |
$119,000 | $170,000 |
$50,000 | $54,000 |
| Black or African American |
60 | $8,235,000 |
$137,000 | $800,000 |
$85,000 | $774,000 |
| Hispanic |
55 | $6,922,000 |
$125,000 | $424,000 |
$66,000 | $300,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
2,221 | $282,118,000 |
$127,000 | $950,000 |
$63,000 | $918,000 |
| White |
72 | $8,275,000 |
$114,000 | $296,000 |
$83,000 | $1,005,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,015 | $256,208,000 |
$127,000 | $950,000 |
$68,000 | $1,005,000 |
| FHA-insured (Federal Housing Administration) |
387 | $48,307,000 |
$124,000 | $347,000 |
$45,000 | $225,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
11 | $1,658,000 |
$150,000 | $270,000 |
$45,000 | $110,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
157 | $20,963,000 |
$133,000 | $640,000 |
$70,000 | $902,000 |
| Application Withdrawn By Applicant |
1,265 | $155,464,000 |
$122,000 | $950,000 |
$57,000 | $900,000 |
| File Closed For Incompleteness |
1 | $142,000 |
$142,000 | $142,000 |
$30,000 | $30,000 |
| Loan Originated |
990 | $129,604,000 |
$130,000 | $825,000 |
$72,000 | $1,005,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
1 | $117,000 |
$117,000 | $117,000 |
$66,000 | $66,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MID-ATLANTIC FINANCIAL SERVICE by:
Metropolitan Area And
County
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