American Neighborhood Mortgage Acceptance Company Mortgage Lending & HMDA Data, 2016

In 2016, American Neighborhood Mortgage Acceptance Company of Mt. Laurel, NJ reported 17,488 mortgage applications totaling $4.1 billion, up 42% from 2015. The average application was for $235,013, and applicants reported an average income of $88,384. 63% of its applications resulted in an originated loan and 6% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (2,189), Camden, NJ (1,452) and Allentown-Bethlehem-Easton, PA-NJ (1,199) (applications in parentheses).

Mortgage Company & Address American Neighborhood Mortgage Acceptance Company
700 East Gate Drive, Suite 400
Mt. Laurel, NJ 08054
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 17,488
Total Mortgage Loan Application Amount $4,109,916,000
Average Mortgage Loan Application Amount $235,013
Highest Mortgage Loan Application Amount $1,800,000
Average Applicant Income $88,384
Highest Applicant Income $2,571,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Neighborhood Mortgage Acceptance Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for American Neighborhood Mortgage Acceptance Company in 2016

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 10,295 $2,247,468,000 $218,000 $1,448,000 $87,000 $1,686,000
Refinancing 6,901 $1,785,221,000 $258,000 $1,800,000 $90,000 $2,571,000
Home Improvement 292 $77,227,000 $264,000 $1,240,000 $99,000 $444,000

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 11,615 $2,705,325,000 $232,000 $1,448,000 $91,000 $2,571,000
Hispanic 1,993 $438,658,000 $220,000 $1,240,000 $70,000 $840,000
Black or African American 1,694 $348,441,000 $205,000 $968,000 $65,000 $697,000
Not Provided 1,209 $311,010,000 $257,000 $1,800,000 $101,000 $1,483,000
Asian 887 $280,799,000 $316,000 $1,100,000 $120,000 $669,000
Native Hawaiin or Other Pacific Islander 52 $15,510,000 $298,000 $660,000 $79,000 $180,000
American Indian or Alaskan Native 38 $10,173,000 $267,000 $900,000 $103,000 $516,000
Not applicable 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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 8,903 $2,272,927,000 $255,000 $1,800,000 $115,000 $2,571,000
FHA-insured (Federal Housing Administration) 7,197 $1,506,988,000 $209,000 $884,000 $59,000 $583,000
VA-guaranteed (Veterans Administration) 1,064 $274,224,000 $257,000 $1,012,000 $67,000 $252,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 324 $55,777,000 $172,000 $440,000 $56,000 $120,000

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
Loan Originated 11,077 $2,624,301,000 $236,000 $1,448,000 $89,000 $1,374,000
Application Withdrawn By Applicant 2,679 $623,475,000 $232,000 $1,800,000 $92,000 $2,571,000
File Closed For Incompleteness 2,345 $538,545,000 $229,000 $1,240,000 $84,000 $1,686,000
Application Denied By Financial Institution 1,132 $264,832,000 $233,000 $1,240,000 $81,000 $715,000
Application Approved But Not Accepted 192 $41,070,000 $213,000 $581,000 $87,000 $497,000
Preapproval Denied by Financial Institution 35 $9,482,000 $270,000 $664,000 $98,000 $643,000
Preapproval Approved but not Accepted 28 $8,211,000 $293,000 $625,000 $99,000 $238,000
Loan Purchased By The Institution 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
Debt-To-Income Ratio 21 $5,892,000 $280,000 $562,000 $75,000 $162,000
Employment History 6 $1,090,000 $181,000 $263,000 $54,000 $94,000
Collateral 6 $1,331,000 $221,000 $317,000 $94,000 $134,000
Credit History 5 $704,000 $140,000 $269,000 $68,000 $104,000
Other 4 $760,000 $190,000 $396,000 $110,000 $175,000
Unverifiable Information 3 $950,000 $316,000 $623,000 $81,000 $90,000
Insufficient Cash (Downpayment, Closing Cost) 2 $321,000 $160,000 $173,000 $52,000 $54,000
Mortgage Insurance Denied 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 Neighborhood Mortgage Acceptance Company's 2016 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 Neighborhood Mortgage Acceptance Company'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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