Blg Holdings, LLC Mortgage Lending & HMDA Data, 2015

In 2015, Blg Holdings, LLC of Flint, MI reported 703 mortgage applications totaling $91.6 million, up 104% from 2014. The average application was for $130,244, and applicants reported an average income of $58,546. 76% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (219), Flint, MI (190) and Detroit-Dearborn-Livonia, MI (188) (applications in parentheses).

Mortgage Company & Address Blg Holdings, LLC
2353 S. Linden Rd. Suite A
Flint, MI 48507
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  
Total Number of Mortgage Applications 703
Total Mortgage Loan Application Amount $91,562,000
Average Mortgage Loan Application Amount $130,244
Highest Mortgage Loan Application Amount $600,000
Average Applicant Income $58,546
Highest Applicant Income $338,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Blg Holdings, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Blg Holdings, LLC in 2015

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 536 $67,409,000 $125,000 $525,000 $57,000 $338,000
Refinancing 158 $22,358,000 $141,000 $413,000 $62,000 $202,000
Home Improvement 9 $1,795,000 $199,000 $600,000 $90,000 $228,000

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 606 $78,689,000 $129,000 $600,000 $60,000 $338,000
Black or African American 82 $10,676,000 $130,000 $276,000 $53,000 $135,000
Asian 8 $1,015,000 $126,000 $178,000 $66,000 $123,000
Hispanic 7 $1,182,000 $168,000 $413,000 $57,000 $119,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 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
FHA-insured (Federal Housing Administration) 326 $40,212,000 $123,000 $276,000 $51,000 $186,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 236 $34,907,000 $147,000 $600,000 $77,000 $338,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 117 $12,211,000 $104,000 $203,000 $42,000 $82,000
VA-guaranteed (Veterans Administration) 24 $4,232,000 $176,000 $525,000 $73,000 $193,000

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 537 $72,053,000 $134,000 $600,000 $60,000 $250,000
Application Withdrawn By Applicant 76 $9,634,000 $126,000 $295,000 $57,000 $180,000
Application Approved But Not Accepted 51 $5,665,000 $111,000 $265,000 $59,000 $338,000
Application Denied By Financial Institution 38 $4,050,000 $106,000 $194,000 $43,000 $122,000
File Closed For Incompleteness 1 $160,000 $160,000 $160,000 $65,000 $65,000
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
Debt-To-Income Ratio 11 $1,353,000 $123,000 $194,000 $35,000 $66,000
Collateral 10 $1,023,000 $102,000 $190,000 $51,000 $122,000
Credit History 9 $788,000 $87,000 $136,000 $43,000 $62,000
Other 6 $692,000 $115,000 $156,000 $50,000 $77,000
Unverifiable Information 1 $69,000 $69,000 $69,000 $33,000 $33,000
Insufficient Cash (Downpayment, Closing Cost) 1 $125,000 $125,000 $125,000 $35,000 $35,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Blg Holdings, LLC's 2015 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 Blg Holdings, LLC'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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