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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 SOURCE, INC.
Mortgage Loans and Application Details
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| Mortgage Company Name |
THE MORTGAGE SOURCE, INC. |
| Address | 601 SOUTHWEST DRIVE
JONESBORO, AR 72401 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2004 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 24 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $2,090,000 |
| Average Mortgage Loan Amount Applied For | $83,250 |
| Highest Mortgage Loan Amount Applied For | $165,000 |
| Average Applicant Income | $39,500 |
| Highest Applicant Income | $96,000 |
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| Home Improvement |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Home Purchase |
16 | $1,418,000 |
$88,000 | $165,000 |
$38,000 | $65,000 |
| Refinancing |
8 | $672,000 |
$84,000 | $160,000 |
$52,000 | $96,000 |
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| American Indian or Alaskan Native |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Asian |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Black or African American |
1 | $66,000 |
$66,000 | $66,000 |
$21,000 | $21,000 |
| Hispanic |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Native Hawaiin or Other Pacific Islander |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
0 | $0 |
$0 | $0 |
$0 | $0 |
| White |
23 | $2,024,000 |
$88,000 | $165,000 |
$43,000 | $96,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
12 | $972,000 |
$81,000 | $160,000 |
$45,000 | $96,000 |
| FHA-insured (Federal Housing Administration) |
7 | $731,000 |
$104,000 | $165,000 |
$47,000 | $70,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
3 | $235,000 |
$78,000 | $82,000 |
$31,000 | $36,000 |
| VA-guaranteed (Veterans Administration) |
2 | $152,000 |
$76,000 | $86,000 |
$27,000 | $34,000 |
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| Application Approved But Not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Application Denied By Financial Institution |
8 | $652,000 |
$81,000 | $129,000 |
$36,000 | $50,000 |
| Application Withdrawn By Applicant |
16 | $1,438,000 |
$89,000 | $165,000 |
$46,000 | $96,000 |
| File Closed For Incompleteness |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Loan Originated |
0 | $0 |
$0 | $0 |
$0 | $0 |
| 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 |
3 | $181,000 |
$60,000 | $89,000 |
$37,000 | $44,000 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
2 | $177,000 |
$88,000 | $95,000 |
$38,000 | $40,000 |
| Debt-To-Income Ratio |
1 | $113,000 |
$113,000 | $113,000 |
$50,000 | $50,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
1 | $129,000 |
$129,000 | $129,000 |
$36,000 | $36,000 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Unverifiable Information |
1 | $52,000 |
$52,000 | $52,000 |
$14,000 | $14,000 |
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Mortgage Loan App Totals for THE MORTGAGE SOURCE, INC. by:
Metropolitan Area And
County
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