Assured Mortgage Inc. Mortgage Lending & HMDA Data, 2014

In 2014, Assured Mortgage Inc. of Brookfield, WI reported 110 mortgage applications totaling $22.7 million, down 59% from 2013. The average application was for $206,309, and applicants reported an average income of $106,200. 0% of its applications resulted in an originated loan and 53% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (81), Madison, WI (3) and Fond Du Lac, WI (2) (applications in parentheses).

Mortgage Company & Address Assured Mortgage Inc.
12660 W Capitol Drive Ste 100
Brookfield, WI 53005
Tel #: available with data download
Federal Regulator * available with data download
Years 2017  2016  2015  2014  2013  2012  
Total Number of Mortgage Applications 110
Total Mortgage Loan Application Amount $22,694,000
Average Mortgage Loan Application Amount $206,309
Highest Mortgage Loan Application Amount $618,000
Average Applicant Income $106,200
Highest Applicant Income $441,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Assured Mortgage Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Assured Mortgage Inc. in 2014

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 66 $14,058,000 $213,000 $617,000 $117,000 $441,000
Refinancing 44 $8,636,000 $196,000 $618,000 $90,000 $238,000
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 98 $20,230,000 $206,000 $618,000 $110,000 $441,000
Not Provided 6 $1,376,000 $229,000 $396,000 $82,000 $120,000
Hispanic 3 $516,000 $172,000 $244,000 $80,000 $135,000
Asian 2 $500,000 $250,000 $260,000 $89,000 $92,000
Black or African American 1 $72,000 $72,000 $72,000 $52,000 $52,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 95 $20,234,000 $212,000 $618,000 $111,000 $441,000
VA-guaranteed (Veterans Administration) 7 $1,355,000 $193,000 $330,000 $92,000 $143,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 6 $904,000 $150,000 $204,000 $61,000 $78,000
FHA-insured (Federal Housing Administration) 2 $201,000 $100,000 $109,000 $64,000 $75,000

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
Application Denied By Financial Institution 58 $11,662,000 $201,000 $618,000 $101,000 $393,000
Application Withdrawn By Applicant 48 $10,324,000 $215,000 $617,000 $111,000 $441,000
File Closed For Incompleteness 3 $667,000 $222,000 $417,000 $185,000 $317,000
Application Approved But Not Accepted 1 $41,000 $41,000 $41,000 $30,000 $30,000
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
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 17 $3,985,000 $234,000 $614,000 $119,000 $393,000
Other 16 $2,609,000 $163,000 $273,000 $98,000 $229,000
Debt-To-Income Ratio 10 $1,989,000 $198,000 $342,000 $63,000 $118,000
Credit History 9 $2,082,000 $231,000 $618,000 $103,000 $300,000
Insufficient Cash (Downpayment, Closing Cost) 4 $949,000 $237,000 $345,000 $136,000 $211,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Assured Mortgage Inc.'s 2014 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 Assured Mortgage Inc.'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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