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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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MORTGAGE FUNDING GROUP, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
MORTGAGE FUNDING GROUP, INC. |
| Address | 7199 WEST OAKLAND PARK BLVD.
LAUDERHILL, FL 33313 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2003 |
| All Data Years | 2003 |
| Total Number of Mortgage Loan Applications Processed | 262 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $31,087,000 |
| Average Mortgage Loan Amount Applied For | $105,333 |
| Highest Mortgage Loan Amount Applied For | $512,000 |
| Average Applicant Income | $46,333 |
| Highest Applicant Income | $233,000 |
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| Home Improvement (one-to-four family) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase (one-to-four family) |
153 | $19,266,000 |
$125,000 | $512,000 |
$43,000 | $108,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) |
109 | $11,821,000 |
$108,000 | $275,000 |
$39,000 | $233,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian or Pacific Islander |
1 | $228,000 |
$228,000 | $228,000 |
$78,000 | $78,000 |
| Black |
207 | $25,145,000 |
$121,000 | $512,000 |
$41,000 | $233,000 |
| Hispanic |
7 | $712,000 |
$101,000 | $125,000 |
$41,000 | $82,000 |
| Information not provided by applicant in mail or telephone application |
4 | $564,000 |
$141,000 | $166,000 |
$44,000 | $70,000 |
| Not applicable |
2 | $270,000 |
$135,000 | $164,000 |
$25,000 | $50,000 |
| Other |
4 | $646,000 |
$161,000 | $265,000 |
$34,000 | $66,000 |
| White |
37 | $3,522,000 |
$95,000 | $170,000 |
$41,000 | $164,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
203 | $24,602,000 |
$121,000 | $512,000 |
$48,000 | $233,000 |
| FHA-insured (Federal Housing Administration) |
58 | $6,382,000 |
$110,000 | $164,000 |
$24,000 | $134,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
1 | $103,000 |
$103,000 | $103,000 |
$0 | $0 |
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| Application Approved But Not Accepted |
2 | $307,000 |
$153,000 | $171,000 |
$37,000 | $43,000 |
| Application Denied By Financial Institution |
2 | $207,000 |
$103,000 | $116,000 |
$42,000 | $51,000 |
| Application Withdrawn By Applicant |
59 | $7,019,000 |
$118,000 | $366,000 |
$33,000 | $164,000 |
| File Closed For Incompleteness |
3 | $243,000 |
$81,000 | $103,000 |
$23,000 | $50,000 |
| Loan Originated |
196 | $23,311,000 |
$118,000 | $512,000 |
$46,000 | $233,000 |
| Loan Purchased By The 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 |
2 | $207,000 |
$103,000 | $116,000 |
$42,000 | $51,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for MORTGAGE FUNDING GROUP, INC. by:
Metropolitan Area And
County
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