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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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PHOENIX GLOBAL MORTGAGE CORPOR
Mortgage Loans and Application Details
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| Mortgage Company Name |
PHOENIX GLOBAL MORTGAGE CORPOR |
| Address | 1010 HUNTCLIFF, SUITE 2315
ATLANTA, GA 30350 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 246 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $34,550,000 |
| Average Mortgage Loan Amount Applied For | $125,923 |
| Highest Mortgage Loan Amount Applied For | $900,000 |
| Average Applicant Income | $52,384 |
| Highest Applicant Income | $1,632,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
297 | $39,812,000 |
$134,000 | $502,000 |
$48,000 | $1,632,000 |
| Refinancing |
40 | $6,879,000 |
$171,000 | $900,000 |
$98,000 | $1,256,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $100,000 |
$100,000 | $100,000 |
$40,000 | $40,000 |
| Black or African American |
1 | $145,000 |
$145,000 | $145,000 |
$0 | $0 |
| Hispanic |
321 | $43,517,000 |
$135,000 | $844,000 |
$51,000 | $1,632,000 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
6 | $810,000 |
$135,000 | $159,000 |
$11,000 | $38,000 |
| White |
8 | $2,119,000 |
$264,000 | $900,000 |
$197,000 | $1,256,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
297 | $41,181,000 |
$138,000 | $900,000 |
$56,000 | $1,632,000 |
| FHA-insured (Federal Housing Administration) |
40 | $5,510,000 |
$137,000 | $199,000 |
$39,000 | $90,000 |
| 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 |
4 | $887,000 |
$221,000 | $444,000 |
$54,000 | $153,000 |
| Application Denied By Financial Institution |
43 | $4,991,000 |
$116,000 | $212,000 |
$35,000 | $93,000 |
| Application Withdrawn By Applicant |
115 | $16,198,000 |
$140,000 | $500,000 |
$46,000 | $240,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
175 | $24,615,000 |
$140,000 | $900,000 |
$64,000 | $1,632,000 |
| 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 |
2 | $137,000 |
$68,000 | $87,000 |
$26,000 | $37,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
10 | $1,048,000 |
$104,000 | $149,000 |
$41,000 | $90,000 |
| Debt-To-Income Ratio |
15 | $1,814,000 |
$120,000 | $212,000 |
$29,000 | $84,000 |
| Employment History |
4 | $496,000 |
$124,000 | $132,000 |
$24,000 | $40,000 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $152,000 |
$152,000 | $152,000 |
$93,000 | $93,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
8 | $965,000 |
$120,000 | $145,000 |
$36,000 | $58,000 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for PHOENIX GLOBAL MORTGAGE CORPOR by:
Metropolitan Area And
County
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