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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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THE MONEY SOURCE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE MONEY SOURCE, INC. |
| Address | 821 DOUGLAS AVE #183
ALTAMONTE SPRINGS, FL 32714 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 156 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $26,535,000 |
| Average Mortgage Loan Amount Applied For | $172,928 |
| Highest Mortgage Loan Amount Applied For | $584,000 |
| Average Applicant Income | $67,285 |
| Highest Applicant Income | $403,000 |
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| Home Improvement |
1 | $70,000 |
$70,000 | $70,000 |
$53,000 | $53,000 |
| Home Purchase |
86 | $14,907,000 |
$173,000 | $584,000 |
$74,000 | $403,000 |
| Refinancing |
69 | $11,558,000 |
$167,000 | $528,000 |
$74,000 | $274,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
1 | $140,000 |
$140,000 | $140,000 |
$58,000 | $58,000 |
| Black or African American |
9 | $1,673,000 |
$185,000 | $528,000 |
$79,000 | $216,000 |
| Hispanic |
16 | $2,788,000 |
$174,000 | $415,000 |
$66,000 | $165,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $215,000 |
$215,000 | $215,000 |
$72,000 | $72,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5 | $1,066,000 |
$213,000 | $584,000 |
$50,000 | $126,000 |
| White |
124 | $20,653,000 |
$166,000 | $430,000 |
$76,000 | $403,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
156 | $26,535,000 |
$170,000 | $584,000 |
$74,000 | $403,000 |
| 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 |
1 | $200,000 |
$200,000 | $200,000 |
$0 | $0 |
| Application Denied By Financial Institution |
3 | $655,000 |
$218,000 | $260,000 |
$69,000 | $99,000 |
| Application Withdrawn By Applicant |
17 | $3,266,000 |
$192,000 | $584,000 |
$64,000 | $143,000 |
| File Closed For Incompleteness |
2 | $467,000 |
$233,000 | $417,000 |
$248,000 | $403,000 |
| Loan Originated |
133 | $21,947,000 |
$165,000 | $528,000 |
$74,000 | $274,000 |
| 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 | $515,000 |
$257,000 | $260,000 |
$92,000 | $99,000 |
| 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 THE MONEY SOURCE, INC. by:
Metropolitan Area And
County
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