American Acceptance Mortgage Mortgage Lending & HMDA Data, 2004
In 2004, American Acceptance Mortgage of Indianapolis, IN reported 150 mortgage applications totaling $14.3 million, up 1567% from 2003. The average application was for $95,273, and applicants reported an average income of $38,226. 0% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Indianapolis, IN (34), Anderson, IN (4) and Detroit-Livonia-Dearborn, MI (2) (applications in parentheses).
| Mortgage Company & Address | American Acceptance Mortgage 6333 Hollister Drive Indianapolis, IN 46224 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 150 |
| Total Mortgage Loan Application Amount | $14,291,000 |
| Average Mortgage Loan Application Amount | $95,273 |
| Highest Mortgage Loan Application Amount | $495,000 |
| Average Applicant Income | $38,226 |
| Highest Applicant Income | $111,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Acceptance Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage Loan Application Detail Totals for American Acceptance Mortgage in 2004
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 135 | $11,895,000 | $88,000 | $178,000 | $33,800 | $107,000 |
| Refinancing | 15 | $2,396,000 | $162,500 | $495,000 | $50,500 | $111,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 96 | $9,160,000 | $111,833 | $495,000 | $35,166 | $111,000 |
| Not Provided | 27 | $2,783,000 | $108,000 | $225,000 | $40,000 | $104,000 |
| Black or African American | 17 | $1,367,000 | $64,333 | $178,000 | $39,666 | $86,000 |
| Hispanic | 9 | $896,000 | $101,000 | $152,000 | $41,500 | $51,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $85,000 | $85,000 | $85,000 | $32,000 | $32,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 89 | $8,072,000 | $96,666 | $178,000 | $35,333 | $79,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 57 | $5,846,000 | $112,500 | $495,000 | $40,166 | $111,000 |
| VA-guaranteed (Veterans Administration) | 4 | $373,000 | $101,000 | $117,000 | $61,500 | $86,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Preapproval Denied by Financial Institution | 86 | $7,751,000 | $90,000 | $167,000 | $36,000 | $107,000 |
| Application Withdrawn By Applicant | 36 | $3,700,000 | $89,250 | $495,000 | $50,750 | $111,000 |
| Application Denied By Financial Institution | 23 | $2,428,000 | $140,600 | $277,000 | $41,800 | $106,000 |
| File Closed For Incompleteness | 4 | $297,000 | $74,000 | $98,000 | $31,500 | $60,000 |
| Application Approved But Not Accepted | 1 | $115,000 | $115,000 | $115,000 | $50,000 | $50,000 |
| 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 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 35 | $3,013,000 | $128,000 | $277,000 | $42,000 | $106,000 |
| Debt-To-Income Ratio | 2 | $202,000 | $101,000 | $117,000 | $58,500 | $86,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $67,000 | $67,000 | $67,000 | $14,000 | $14,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Acceptance Mortgage's 2004 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess American Acceptance Mortgage's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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