Arbor Mortgage Corporation Mortgage Lending & HMDA Data, 2012
In 2012, Arbor Mortgage Corporation of Grand Rapids, MI reported 1,886 mortgage applications totaling $324.5 million, up 31% from 2011. The average application was for $172,082, and applicants reported an average income of $85,580. 81% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (496), Grand Rapids-Wyoming, MI (252) and Fort Wayne, IN (128) (applications in parentheses).
| Mortgage Company & Address | Arbor Mortgage Corporation 2311 East Beltline Ave Se 200 Grand Rapids, MI 49546 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 1,886 |
| Total Mortgage Loan Application Amount | $324,548,000 |
| Average Mortgage Loan Application Amount | $172,082 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $85,580 |
| Highest Applicant Income | $742,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Arbor Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Warren-Troy-Farmington Hills, MI | 496 | $ 89,321,000 | $ 180,082 | $ 99,000 |
| Grand Rapids-Wyoming, MI | 252 | $ 50,000,000 | $ 198,412 | $ 78,000 |
| Fort Wayne, IN | 128 | $ 17,993,000 | $ 140,570 | $ 54,000 |
| Detroit-Livonia-Dearborn, MI | 127 | $ 23,616,000 | $ 185,952 | $ 105,000 |
| Ann Arbor, MI | 91 | $ 17,929,000 | $ 197,021 | $ 104,000 |
| Lansing-East Lansing, MI | 88 | $ 13,713,000 | $ 155,829 | $ 83,000 |
| Holland-Grand Haven, MI | 82 | $ 13,800,000 | $ 168,292 | $ 75,000 |
| Kalamazoo-Portage, MI | 63 | $ 9,943,000 | $ 157,825 | $ 80,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 44 | $ 8,469,000 | $ 192,477 | $ 80,000 |
| Indianapolis-Carmel, IN | 37 | $ 6,310,000 | $ 170,540 | $ 66,000 |
| Flint, MI | 36 | $ 4,839,000 | $ 134,416 | $ 65,000 |
| Jackson, MI | 29 | $ 4,258,000 | $ 146,827 | $ 73,000 |
| Muskegon-Norton Shores, MI | 29 | $ 4,394,000 | $ 151,517 | $ 94,000 |
| Monroe, MI | 22 | $ 3,473,000 | $ 157,863 | $ 74,000 |
| Niles-Benton Harbor, MI | 17 | $ 3,081,000 | $ 181,235 | $ 72,000 |
| Battle Creek, MI | 11 | $ 1,189,000 | $ 108,090 | $ 47,000 |
| Gary, IN | 11 | $ 1,462,000 | $ 132,909 | $ 59,000 |
| Saginaw-Saginaw Township North, MI | 10 | $ 1,468,000 | $ 146,800 | $ 70,000 |
| South Bend-Mishawaka, IN-MI | 9 | $ 1,270,000 | $ 141,111 | $ 44,000 |
| Bay City, MI | 7 | $ 777,000 | $ 111,000 | $ 63,000 |
| Elkhart-Goshen, IN | 6 | $ 739,000 | $ 123,166 | $ 59,000 |
| Lafayette, IN | 5 | $ 859,000 | $ 171,800 | $ 75,000 |
| Anderson, IN | 3 | $ 355,000 | $ 118,333 | $ 49,000 |
| Bloomington, IN | 3 | $ 484,000 | $ 161,333 | $ 37,000 |
| Louisville/Jefferson County, KY-IN | 3 | $ 553,000 | $ 184,333 | $ 81,000 |
| Duluth, MN-WI | 2 | $ 313,000 | $ 156,500 | $ 49,000 |
| Evansville, IN-KY | 2 | $ 328,000 | $ 164,000 | $ 84,000 |
| Columbus, IN | 1 | $ 129,000 | $ 129,000 | $ 87,000 |
| Fargo, ND-MN | 1 | $ 169,000 | $ 169,000 | $ 88,000 |
| Mankato-North Mankato, MN | 1 | $ 112,000 | $ 112,000 | $ 0 |
| Michigan City-La Porte, IN | 1 | $ 111,000 | $ 111,000 | $ 60,000 |
| Muncie, IN | 1 | $ 44,000 | $ 44,000 | $ 170,000 |
| Terre Haute, IN | 1 | $ 140,000 | $ 140,000 | $ 84,000 |
Mortgage Loan Application Detail Totals for Arbor Mortgage Corporation in 2012
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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,580 | $266,842,000 | $168,000 | $672,000 | $86,000 | $742,000 |
| Home Purchase | 303 | $56,764,000 | $187,000 | $10,000,000 | $82,000 | $332,000 |
| Home Improvement | 3 | $942,000 | $314,000 | $417,000 | $226,000 | $365,000 |
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 | 1,712 | $285,217,000 | $166,000 | $672,000 | $85,000 | $666,000 |
| Not Provided | 118 | $19,551,000 | $165,000 | $392,000 | $78,000 | $360,000 |
| Asian | 25 | $5,175,000 | $207,000 | $356,000 | $123,000 | $549,000 |
| Hispanic | 13 | $2,224,000 | $171,000 | $273,000 | $112,000 | $742,000 |
| Black or African American | 11 | $11,620,000 | $1,056,000 | $10,000,000 | $108,000 | $193,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $669,000 | $133,000 | $193,000 | $81,000 | $190,000 |
| American Indian or Alaskan Native | 2 | $92,000 | $46,000 | $48,000 | $37,000 | $50,000 |
| 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) | 1,460 | $264,136,000 | $180,000 | $10,000,000 | $99,000 | $742,000 |
| FHA-insured (Federal Housing Administration) | 362 | $51,940,000 | $143,000 | $328,000 | $34,000 | $235,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 44 | $5,079,000 | $115,000 | $294,000 | $43,000 | $93,000 |
| VA-guaranteed (Veterans Administration) | 20 | $3,393,000 | $169,000 | $271,000 | $99,000 | $462,000 |
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 | 1,527 | $255,398,000 | $167,000 | $548,000 | $86,000 | $666,000 |
| Application Withdrawn By Applicant | 241 | $41,635,000 | $172,000 | $672,000 | $85,000 | $365,000 |
| Application Denied By Financial Institution | 118 | $27,515,000 | $233,000 | $10,000,000 | $79,000 | $742,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
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 |
|---|---|---|---|---|---|---|
| Collateral | 36 | $5,690,000 | $158,000 | $341,000 | $80,000 | $245,000 |
| Credit History | 31 | $13,304,000 | $429,000 | $10,000,000 | $57,000 | $235,000 |
| Other | 27 | $4,150,000 | $153,000 | $380,000 | $70,000 | $159,000 |
| Debt-To-Income Ratio | 16 | $2,391,000 | $149,000 | $261,000 | $64,000 | $220,000 |
| Unverifiable Information | 4 | $969,000 | $242,000 | $357,000 | $136,000 | $279,000 |
| Employment History | 1 | $360,000 | $360,000 | $360,000 | $237,000 | $237,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $238,000 | $238,000 | $238,000 | $105,000 | $105,000 |
| 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 Arbor Mortgage Corporation's 2012 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 Arbor Mortgage Corporation'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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with aggregated HMDA statistics today.
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