In 2017, Black Square Real Estate, Inc. of Salt Lake City, UT reported 318 mortgage applications totaling $70.1 million. The average application was for $220,393, and applicants reported an average income of $0. 77% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (129), Dallas-Plano-Irving, TX (25) and Oakland-Hayward-Berkeley, CA (16) (applications in parentheses).
| Mortgage Company & Address | Black Square Real Estate, Inc. 807 East South Temple Ste 200 Salt Lake City, UT 84102 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 |
| Total Number of Mortgage Applications | 318 |
| Total Mortgage Loan Application Amount | $70,085,000 |
| Average Mortgage Loan Application Amount | $220,393 |
| Highest Mortgage Loan Application Amount | $2,480,000 |
| Average Applicant Income | $0 |
| Highest Applicant Income | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Black Square Real Estate, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Arlington Heights, IL | 129 | $ 10,663,000 | $ 82,658 | $ 0 |
| Dallas-Plano-Irving, TX | 25 | $ 3,190,000 | $ 127,600 | $ 0 |
| Oakland-Hayward-Berkeley, CA | 16 | $ 7,588,000 | $ 474,250 | $ 0 |
| Nassau County-Suffolk County, NY | 15 | $ 2,640,000 | $ 176,000 | $ 0 |
| Salt Lake City, UT | 11 | $ 2,189,000 | $ 199,000 | $ 0 |
| Atlanta-Sandy Springs-Roswell, GA | 10 | $ 1,821,000 | $ 182,100 | $ 0 |
| San Francisco-Redwood City-South San Francisco, CA | 9 | $ 8,137,000 | $ 904,111 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 8 | $ 5,318,000 | $ 664,750 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 7 | $ 10,186,000 | $ 1,455,142 | $ 0 |
| New York-Jersey City-White Plains, NY-NJ | 6 | $ 1,448,000 | $ 241,333 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 6 | $ 484,000 | $ 80,666 | $ 0 |
| Portland-Vancouver-Hillsboro, OR-WA | 6 | $ 1,077,000 | $ 179,500 | $ 0 |
| Fort Worth-Arlington, TX | 5 | $ 2,480,000 | $ 496,000 | $ 0 |
| Logan, UT-ID | 4 | $ 207,000 | $ 51,750 | $ 0 |
| Merced, CA | 4 | $ 504,000 | $ 126,000 | $ 0 |
| Ogden-Clearfield, UT | 4 | $ 396,000 | $ 99,000 | $ 0 |
| San Antonio-New Braunfels, TX | 4 | $ 750,000 | $ 187,500 | $ 0 |
| Modesto, CA | 3 | $ 321,000 | $ 107,000 | $ 0 |
| Sacramento--Roseville--Arden-Arcade, CA | 3 | $ 308,000 | $ 102,666 | $ 0 |
| Santa Cruz-Watsonville, CA | 3 | $ 917,000 | $ 305,666 | $ 0 |
| Seattle-Bellevue-Everett, WA | 3 | $ 2,980,000 | $ 993,333 | $ 0 |
| Silver Spring-Frederick-Rockville, MD | 3 | $ 848,000 | $ 282,666 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 455,000 | $ 151,666 | $ 0 |
| Boise City, ID | 2 | $ 251,000 | $ 125,500 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 99,000 | $ 49,500 | $ 0 |
| Philadelphia, PA | 2 | $ 112,000 | $ 56,000 | $ 0 |
| Port St. Lucie, FL | 2 | $ 155,000 | $ 77,500 | $ 0 |
| Redding, CA | 2 | $ 115,000 | $ 57,500 | $ 0 |
| Salem, OR | 2 | $ 102,000 | $ 51,000 | $ 0 |
| Salinas, CA | 2 | $ 1,380,000 | $ 690,000 | $ 0 |
| San Diego-Carlsbad, CA | 2 | $ 734,000 | $ 367,000 | $ 0 |
| Springfield, MA | 2 | $ 115,000 | $ 57,500 | $ 0 |
| Stockton-Lodi, CA | 2 | $ 170,000 | $ 85,000 | $ 0 |
| Austin-Round Rock, TX | 1 | $ 280,000 | $ 280,000 | $ 0 |
| Baltimore-Columbia-Towson, MD | 1 | $ 224,000 | $ 224,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 114,000 | $ 114,000 | $ 0 |
| Denver-Aurora-Lakewood, CO | 1 | $ 276,000 | $ 276,000 | $ 0 |
| Elgin, IL | 1 | $ 108,000 | $ 108,000 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 76,000 | $ 76,000 | $ 0 |
| Kennewick-Richland, WA | 1 | $ 74,000 | $ 74,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 265,000 | $ 265,000 | $ 0 |
| Provo-Orem, UT | 1 | $ 200,000 | $ 200,000 | $ 0 |
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 | 251 | $59,166,000 | $235,000 | $2,480,000 | $0 | $0 |
| Home Improvement | 61 | $9,905,000 | $162,000 | $675,000 | $0 | $0 |
| Refinancing | 6 | $1,014,000 | $169,000 | $296,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 316 | $69,301,000 | $219,000 | $2,480,000 | $0 | $0 |
| Not Provided | 2 | $784,000 | $392,000 | $632,000 | $0 | $0 |
| White | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 318 | $70,085,000 | $220,000 | $2,480,000 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 244 | $46,619,000 | $191,000 | $2,480,000 | $0 | $0 |
| Application Withdrawn By Applicant | 56 | $15,649,000 | $279,000 | $1,280,000 | $0 | $0 |
| Application Approved But Not Accepted | 16 | $7,389,000 | $461,000 | $2,420,000 | $0 | $0 |
| Application Denied By Financial Institution | 2 | $428,000 | $214,000 | $280,000 | $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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $148,000 | $148,000 | $148,000 | $0 | $0 |
| Collateral | 1 | $280,000 | $280,000 | $280,000 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Black Square Real Estate, Inc.'s 2017 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 Black Square Real Estate, 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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