Corridor Mtg Co LLC Mortgage Lending & HMDA Data, 2012
In 2012, Corridor Mtg Co LLC of Bristol, PA reported 1,244 mortgage applications totaling $249.8 million. The average application was for $200,769, and applicants reported an average income of $84,245. 82% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Philadelphia, PA (975), Scranton--Wilkes-Barre, PA (138) and Dayton, OH (42) (applications in parentheses).
| Mortgage Company & Address | Corridor Mtg Co LLC 418 A Mill St Bristol, PA 19007 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 |
| Total Number of Mortgage Applications | 1,244 |
| Total Mortgage Loan Application Amount | $249,757,000 |
| Average Mortgage Loan Application Amount | $200,769 |
| Highest Mortgage Loan Application Amount | $724,000 |
| Average Applicant Income | $84,245 |
| Highest Applicant Income | $5,700,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Corridor Mtg Co LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Corridor Mtg Co LLC in 2012
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 | 934 | $180,985,000 | $193,000 | $724,000 | $80,000 | $5,700,000 |
| Refinancing | 308 | $68,477,000 | $222,000 | $555,000 | $97,000 | $403,000 |
| Home Improvement | 2 | $295,000 | $147,000 | $160,000 | $103,000 | $166,000 |
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 | 1,056 | $215,058,000 | $203,000 | $724,000 | $87,000 | $5,700,000 |
| Not Provided | 64 | $12,905,000 | $201,000 | $406,000 | $81,000 | $207,000 |
| Black or African American | 58 | $8,641,000 | $148,000 | $297,000 | $59,000 | $120,000 |
| Asian | 38 | $7,786,000 | $204,000 | $532,000 | $80,000 | $145,000 |
| Hispanic | 22 | $4,300,000 | $195,000 | $395,000 | $63,000 | $139,000 |
| American Indian or Alaskan Native | 6 | $1,067,000 | $177,000 | $236,000 | $47,000 | $60,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 739 | $162,267,000 | $219,000 | $612,000 | $95,000 | $459,000 |
| FHA-insured (Federal Housing Administration) | 436 | $74,732,000 | $171,000 | $724,000 | $70,000 | $5,700,000 |
| VA-guaranteed (Veterans Administration) | 44 | $9,040,000 | $205,000 | $413,000 | $66,000 | $148,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 25 | $3,718,000 | $148,000 | $244,000 | $52,000 | $92,000 |
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 | 1,026 | $211,457,000 | $206,000 | $614,000 | $87,000 | $5,700,000 |
| Application Denied By Financial Institution | 145 | $26,366,000 | $181,000 | $724,000 | $72,000 | $320,000 |
| File Closed For Incompleteness | 73 | $11,934,000 | $163,000 | $417,000 | $73,000 | $350,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 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 |
|---|---|---|---|---|---|---|
| Employment History | 6 | $752,000 | $125,000 | $222,000 | $37,000 | $66,000 |
| Collateral | 4 | $423,000 | $105,000 | $140,000 | $39,000 | $79,000 |
| Debt-To-Income Ratio | 4 | $636,000 | $159,000 | $368,000 | $58,000 | $174,000 |
| Credit History | 3 | $180,000 | $60,000 | $67,000 | $34,000 | $39,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $209,000 | $209,000 | $209,000 | $47,000 | $47,000 |
| Unverifiable Information | 1 | $57,000 | $57,000 | $57,000 | $28,000 | $28,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Corridor Mtg Co LLC's 2012 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 Corridor Mtg Co 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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