Community Central Mortgage Co Mortgage Lending & HMDA Data, 2010
In 2010, Community Central Mortgage Co of Mount Clemens, MI reported 469 mortgage applications totaling $55.5 million, up 551% from 2009. The average application was for $118,366, and applicants reported an average income of $50,083. 88% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Indianapolis-Carmel, IN (196), Gary, IN (164) and Warren-Troy-Farmington Hills, MI (3) (applications in parentheses).
| Mortgage Company & Address | Community Central Mortgage Co 120 N Main Street Mount Clemens, MI 48043 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 |
| Total Number of Mortgage Applications | 469 |
| Total Mortgage Loan Application Amount | $55,514,000 |
| Average Mortgage Loan Application Amount | $118,366 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $50,083 |
| Highest Applicant Income | $384,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Community Central Mortgage Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Indianapolis-Carmel, IN | 196 | $ 20,938,000 | $ 106,826 | $ 45,000 |
| Gary, IN | 164 | $ 23,856,000 | $ 145,463 | $ 60,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 450,000 | $ 150,000 | $ 62,000 |
| Chicago-Joliet-Naperville, IL | 2 | $ 198,000 | $ 99,000 | $ 80,000 |
| Anderson, IN | 1 | $ 86,000 | $ 86,000 | $ 31,000 |
| Bloomington, IN | 1 | $ 103,000 | $ 103,000 | $ 32,000 |
| Lafayette, IN | 1 | $ 117,000 | $ 117,000 | $ 26,000 |
Mortgage Loan Application Detail Totals for Community Central Mortgage Co 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 374 | $41,961,000 | $112,000 | $405,000 | $45,000 | $191,000 |
| Refinancing | 94 | $13,445,000 | $143,000 | $417,000 | $70,000 | $384,000 |
| Home Improvement | 1 | $108,000 | $108,000 | $108,000 | $79,000 | $79,000 |
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 | 362 | $43,293,000 | $119,000 | $417,000 | $52,000 | $384,000 |
| Black or African American | 78 | $8,862,000 | $113,000 | $293,000 | $41,000 | $141,000 |
| Hispanic | 25 | $2,689,000 | $107,000 | $211,000 | $40,000 | $129,000 |
| Asian | 3 | $584,000 | $194,000 | $329,000 | $71,000 | $153,000 |
| Not Provided | 1 | $86,000 | $86,000 | $86,000 | $179,000 | $179,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 380 | $42,642,000 | $112,000 | $329,000 | $45,000 | $179,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 57 | $8,477,000 | $148,000 | $417,000 | $78,000 | $384,000 |
| VA-guaranteed (Veterans Administration) | 30 | $4,230,000 | $141,000 | $310,000 | $53,000 | $103,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $165,000 | $82,000 | $86,000 | $29,000 | $38,000 |
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 | 414 | $49,574,000 | $119,000 | $417,000 | $51,000 | $384,000 |
| Application Withdrawn By Applicant | 26 | $2,453,000 | $94,000 | $190,000 | $36,000 | $113,000 |
| Application Denied By Financial Institution | 22 | $2,789,000 | $126,000 | $293,000 | $48,000 | $129,000 |
| Preapproval Denied by Financial Institution | 7 | $698,000 | $99,000 | $150,000 | $37,000 | $79,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 6 | $537,000 | $89,000 | $156,000 | $40,000 | $68,000 |
| Other | 5 | $746,000 | $149,000 | $211,000 | $62,000 | $129,000 |
| Debt-To-Income Ratio | 4 | $552,000 | $138,000 | $182,000 | $33,000 | $39,000 |
| Collateral | 4 | $620,000 | $155,000 | $293,000 | $72,000 | $122,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $206,000 | $103,000 | $144,000 | $26,000 | $36,000 |
| Employment History | 1 | $128,000 | $128,000 | $128,000 | $41,000 | $41,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Community Central Mortgage Co'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 Community Central Mortgage Co'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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with aggregated HMDA statistics today.
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