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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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PHILLIPS P. GAY
Mortgage Loans and Application Details
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| Mortgage Company Name |
PHILLIPS P. GAY |
| Address | 1550 S.W 57TH AVENUE
MIAMI, FL 33144 |
| Agency | Federal Reserve System (FRS) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 56 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $20,121,000 |
| Average Mortgage Loan Amount Applied For | $752,750 |
| Highest Mortgage Loan Amount Applied For | $2,500,000 |
| Average Applicant Income | $551,750 |
| Highest Applicant Income | $3,023,000 |
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| Home Improvement |
24 | $1,745,000 |
$72,000 | $250,000 |
$125,000 | $718,000 |
| Home Purchase |
20 | $14,169,000 |
$708,000 | $2,500,000 |
$356,000 | $3,023,000 |
| Refinancing |
12 | $4,207,000 |
$350,000 | $1,200,000 |
$173,000 | $851,000 |
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| American Indian or Alaskan Native |
1 | $100,000 |
$100,000 | $100,000 |
$64,000 | $64,000 |
| Asian |
2 | $200,000 |
$100,000 | $150,000 |
$125,000 | $157,000 |
| Black or African American |
2 | $70,000 |
$35,000 | $50,000 |
$56,000 | $57,000 |
| Hispanic |
23 | $5,872,000 |
$255,000 | $1,537,000 |
$151,000 | $718,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
5 | $4,321,000 |
$864,000 | $1,200,000 |
$0 | $0 |
| Not Provided |
6 | $1,165,000 |
$194,000 | $520,000 |
$136,000 | $265,000 |
| White |
17 | $8,393,000 |
$493,000 | $2,500,000 |
$442,000 | $3,023,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
56 | $20,121,000 |
$359,000 | $2,500,000 |
$218,000 | $3,023,000 |
| FHA-insured (Federal Housing Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Application Approved But Not Accepted |
2 | $176,000 |
$88,000 | $126,000 |
$82,000 | $134,000 |
| Application Denied By Financial Institution |
11 | $1,175,000 |
$106,000 | $331,000 |
$73,000 | $228,000 |
| Application Withdrawn By Applicant |
2 | $235,000 |
$117,000 | $135,000 |
$39,000 | $78,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
41 | $18,535,000 |
$452,000 | $2,500,000 |
$272,000 | $3,023,000 |
| 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 |
2 | $213,000 |
$106,000 | $173,000 |
$70,000 | $76,000 |
| Debt-To-Income Ratio |
9 | $962,000 |
$106,000 | $331,000 |
$73,000 | $228,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PHILLIPS P. GAY by:
Metropolitan Area And
County
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