Assured Mortgage Inc. Mortgage Lending & HMDA Data, 2010

In 2010, Assured Mortgage Inc. of Brookfield, WI reported 1,496 mortgage applications totaling $306.5 million, about the same as 2009. The average application was for $204,911, and applicants reported an average income of $104,822. 87% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Milwaukee-Waukesha-West Allis, WI (1,174), Fond Du Lac, WI (32) and Madison, WI (31) (applications in parentheses).

Mortgage Company & Address Assured Mortgage Inc.
12660 W Capitol Dr
Brookfield, WI 53005
Tel #: available with data download
Federal Regulator * available with data download
Years 2011  2010  2009  2008  2007  2006  2005  2004  
Total Number of Mortgage Applications 1,496
Total Mortgage Loan Application Amount $306,548,000
Average Mortgage Loan Application Amount $204,911
Highest Mortgage Loan Application Amount $996,000
Average Applicant Income $104,822
Highest Applicant Income $1,168,000

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(HMDA) records Assured Mortgage Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2010

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 1,243 $261,554,000 $210,000 $990,000 $108,000 $657,000
Home Purchase 250 $44,633,000 $178,000 $996,000 $89,000 $1,168,000
Home Improvement 3 $361,000 $120,000 $185,000 $107,000 $151,000

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 1,405 $288,331,000 $205,000 $996,000 $105,000 $1,168,000
Asian 46 $10,015,000 $217,000 $362,000 $127,000 $600,000
Hispanic 20 $4,035,000 $201,000 $417,000 $106,000 $505,000
Not Provided 19 $3,162,000 $166,000 $400,000 $59,000 $171,000
Black or African American 5 $834,000 $166,000 $264,000 $66,000 $220,000
Native Hawaiian or Other Pacific Islander 1 $171,000 $171,000 $171,000 $116,000 $116,000
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) 1,309 $274,693,000 $209,000 $996,000 $111,000 $1,168,000
FHA-insured (Federal Housing Administration) 95 $17,267,000 $181,000 $322,000 $67,000 $214,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 61 $8,325,000 $136,000 $340,000 $53,000 $83,000
VA-guaranteed (Veterans Administration) 31 $6,263,000 $202,000 $350,000 $33,000 $157,000

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 1,297 $267,293,000 $206,000 $996,000 $109,000 $1,168,000
Application Withdrawn By Applicant 125 $24,874,000 $198,000 $470,000 $77,000 $311,000
Application Denied By Financial Institution 72 $13,997,000 $194,000 $470,000 $75,000 $395,000
Application Approved But Not Accepted 1 $204,000 $204,000 $204,000 $87,000 $87,000
Preapproval Approved but not Accepted 1 $180,000 $180,000 $180,000 $72,000 $72,000
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 32 $6,880,000 $215,000 $417,000 $101,000 $395,000
Debt-To-Income Ratio 13 $2,277,000 $175,000 $284,000 $41,000 $83,000
Credit History 11 $1,647,000 $149,000 $265,000 $33,000 $125,000
Other 9 $2,144,000 $238,000 $470,000 $88,000 $138,000
Unverifiable Information 3 $516,000 $172,000 $194,000 $93,000 $166,000
Credit Application Incomplete 1 $128,000 $128,000 $128,000 $60,000 $60,000
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Assured Mortgage Inc.'s 2010 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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