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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 MORTGAGE OUTLET, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE MORTGAGE OUTLET, INC. |
| Address | 1800 SANDY PLAINS PKWY. SUITE 304
MARIETTA, GA 30066 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2003 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 10,797 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $971,808,000 |
| Average Mortgage Loan Amount Applied For | $89,003 |
| Highest Mortgage Loan Amount Applied For | $1,040,000 |
| Average Applicant Income | $43,227 |
| Highest Applicant Income | $600,000 |
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| Home Improvement |
1,818 | $143,467,000 |
$78,000 | $750,000 |
$46,000 | $480,000 |
| Home Purchase |
1,759 | $175,066,000 |
$99,000 | $900,000 |
$42,000 | $456,000 |
| Refinancing |
7,220 | $653,275,000 |
$90,000 | $1,040,000 |
$46,000 | $600,000 |
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| American Indian or Alaskan Native |
29 | $2,157,000 |
$74,000 | $194,000 |
$50,000 | $112,000 |
| Asian |
29 | $3,150,000 |
$108,000 | $241,000 |
$53,000 | $168,000 |
| Black or African American |
929 | $77,724,000 |
$83,000 | $414,000 |
$33,000 | $182,000 |
| Hispanic |
150 | $13,374,000 |
$89,000 | $410,000 |
$43,000 | $186,000 |
| Native Hawaiin or Other Pacific Islander |
5 | $423,000 |
$84,000 | $150,000 |
$26,000 | $47,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
5,567 | $480,582,000 |
$86,000 | $1,040,000 |
$45,000 | $600,000 |
| White |
4,088 | $394,398,000 |
$96,000 | $900,000 |
$49,000 | $480,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
10,783 | $970,482,000 |
$90,000 | $1,040,000 |
$45,000 | $600,000 |
| FHA-insured (Federal Housing Administration) |
14 | $1,326,000 |
$94,000 | $199,000 |
$39,000 | $91,000 |
| 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 |
9 | $847,000 |
$94,000 | $157,000 |
$38,000 | $62,000 |
| Application Denied By Financial Institution |
5,212 | $443,708,000 |
$85,000 | $1,040,000 |
$39,000 | $600,000 |
| Application Withdrawn By Applicant |
2,779 | $265,352,000 |
$95,000 | $900,000 |
$51,000 | $480,000 |
| File Closed For Incompleteness |
1,323 | $120,155,000 |
$90,000 | $619,000 |
$48,000 | $240,000 |
| Loan Originated |
1,474 | $141,746,000 |
$96,000 | $763,000 |
$54,000 | $395,000 |
| 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 |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
0 | $0 |
$0 | $0 |
$0 | $0 |
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Mortgage Loan App Totals for THE MORTGAGE OUTLET, INC. by:
Metropolitan Area And
County
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