Castle Mortgage Corporation Mortgage Lending & HMDA Data, 2015

In 2015, Castle Mortgage Corporation of Wilmington, DE reported 307 mortgage applications totaling $65.3 million, up 31% from 2014. The average application was for $212,602, and applicants reported an average income of $9,801. 0% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (21), Phoenix-Mesa-Scottsdale, AZ (12) and Atlanta-Sandy Springs-Roswell, GA (10) (applications in parentheses).

Mortgage Company & Address Castle Mortgage Corporation
10251 Vista Sorrento Pkwy, Ste. 225
Wilmington, DE 92121
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  2015  2014  
Total Number of Mortgage Applications 307
Total Mortgage Loan Application Amount $65,269,000
Average Mortgage Loan Application Amount $212,602
Highest Mortgage Loan Application Amount $762,000
Average Applicant Income $9,801
Highest Applicant Income $309,000

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records Castle Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

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Mortgage Loan Application Detail Totals for Castle Mortgage Corporation 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
Refinancing 271 $56,824,000 $209,000 $762,000 $3,000 $309,000
Home Purchase 36 $8,445,000 $234,000 $417,000 $61,000 $193,000
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
Not Provided 292 $60,698,000 $207,000 $762,000 $8,000 $193,000
White 7 $2,247,000 $321,000 $519,000 $79,000 $309,000
Hispanic 6 $1,603,000 $267,000 $365,000 $19,000 $118,000
Black or African American 2 $721,000 $360,000 $417,000 $90,000 $100,000
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
Asian 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
VA-guaranteed (Veterans Administration) 271 $56,937,000 $210,000 $762,000 $5,000 $193,000
FHA-insured (Federal Housing Administration) 30 $6,668,000 $222,000 $365,000 $38,000 $115,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 6 $1,664,000 $277,000 $378,000 $122,000 $309,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 Purchased By The Institution 306 $64,936,000 $212,000 $762,000 $9,000 $193,000
Application Denied By Financial Institution 1 $333,000 $333,000 $333,000 $309,000 $309,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Originated 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
Application Approved But Not Accepted 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 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 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 Castle Mortgage Corporation'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 Castle 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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