Cf Bancorp Mortgage Company Mortgage Lending & HMDA Data, 2009
In 2009, Cf Bancorp Mortgage Company of Port Huron, MI reported 2,882 mortgage applications totaling $455.5 million, up 72% from 2008. The average application was for $158,034, and applicants reported an average income of $90,312. 62% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (2,239), Detroit-Livonia-Dearborn, MI (151) and Ann Arbor, MI (52) (applications in parentheses).
| Mortgage Company & Address | Cf Bancorp Mortgage Company 525 Water Street Port Huron, MI 48060 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,882 |
| Total Mortgage Loan Application Amount | $455,454,000 |
| Average Mortgage Loan Application Amount | $158,034 |
| Highest Mortgage Loan Application Amount | $3,999,000 |
| Average Applicant Income | $90,312 |
| Highest Applicant Income | $1,295,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cf Bancorp Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Warren-Troy-Farmington Hills, MI | 2,239 | $ 362,337,000 | $ 161,829 | $ 88,000 |
| Detroit-Livonia-Dearborn, MI | 151 | $ 21,013,000 | $ 139,158 | $ 91,000 |
| Ann Arbor, MI | 52 | $ 10,711,000 | $ 205,980 | $ 114,000 |
| Flint, MI | 28 | $ 3,958,000 | $ 141,357 | $ 91,000 |
| Lansing-East Lansing, MI | 22 | $ 3,650,000 | $ 165,909 | $ 103,000 |
| Grand Rapids-Wyoming, MI | 21 | $ 3,488,000 | $ 166,095 | $ 116,000 |
| Kalamazoo-Portage, MI | 8 | $ 1,947,000 | $ 243,375 | $ 144,000 |
| Monroe, MI | 6 | $ 1,110,000 | $ 185,000 | $ 96,000 |
| Jackson, MI | 4 | $ 937,000 | $ 234,250 | $ 67,000 |
| Muskegon-Norton Shores, MI | 4 | $ 706,000 | $ 176,500 | $ 280,000 |
| Bay City, MI | 3 | $ 474,000 | $ 158,000 | $ 114,000 |
| Saginaw-Saginaw Township North, MI | 3 | $ 696,000 | $ 232,000 | $ 179,000 |
| Holland-Grand Haven, MI | 2 | $ 307,000 | $ 153,500 | $ 90,000 |
| Battle Creek, MI | 1 | $ 150,000 | $ 150,000 | $ 119,000 |
| Niles-Benton Harbor, MI | 1 | $ 348,000 | $ 348,000 | $ 165,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 74,000 | $ 74,000 | $ 31,000 |
Mortgage Loan Application Detail Totals for Cf Bancorp Mortgage Company in 2009
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 | 2,270 | $366,165,000 | $161,000 | $698,000 | $90,000 | $1,295,000 |
| Home Purchase | 597 | $85,370,000 | $142,000 | $3,999,000 | $90,000 | $975,000 |
| Home Improvement | 15 | $3,919,000 | $261,000 | $713,000 | $150,000 | $390,000 |
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 | 2,762 | $434,114,000 | $157,000 | $3,999,000 | $90,000 | $1,295,000 |
| Asian | 46 | $9,394,000 | $204,000 | $404,000 | $118,000 | $360,000 |
| Hispanic | 39 | $6,240,000 | $160,000 | $417,000 | $96,000 | $507,000 |
| Black or African American | 31 | $4,825,000 | $155,000 | $375,000 | $84,000 | $238,000 |
| American Indian or Alaskan Native | 2 | $364,000 | $182,000 | $296,000 | $86,000 | $158,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $517,000 | $258,000 | $301,000 | $99,000 | $101,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 2,855 | $452,804,000 | $158,000 | $3,999,000 | $91,000 | $1,295,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 27 | $2,650,000 | $98,000 | $214,000 | $40,000 | $70,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 1,795 | $279,052,000 | $155,000 | $3,999,000 | $91,000 | $1,295,000 |
| File Closed For Incompleteness | 542 | $90,017,000 | $166,000 | $855,000 | $92,000 | $975,000 |
| Application Approved But Not Accepted | 268 | $44,052,000 | $164,000 | $417,000 | $93,000 | $975,000 |
| Application Denied By Financial Institution | 164 | $23,425,000 | $142,000 | $417,000 | $68,000 | $388,000 |
| Application Withdrawn By Applicant | 82 | $14,575,000 | $177,000 | $417,000 | $97,000 | $432,000 |
| Preapproval Approved but not Accepted | 28 | $3,699,000 | $132,000 | $320,000 | $76,000 | $271,000 |
| Preapproval Denied by Financial Institution | 3 | $634,000 | $211,000 | $417,000 | $62,000 | $64,000 |
| Loan Purchased By The 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 | 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 Cf Bancorp Mortgage Company's 2009 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 Cf Bancorp Mortgage Company'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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