Creative Mortgage Lending Mortgage Lending & HMDA Data, 2007
In 2007, Creative Mortgage Lending of Southfield, MI reported 2,781 mortgage applications totaling $686.6 million. The average application was for $246,901, and applicants reported an average income of $109,523. 10% of its applications resulted in an originated loan and 90% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (549), Orlando-Kissimmee, FL (344) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (254) (applications in parentheses).
| Mortgage Company & Address | Creative Mortgage Lending 26555 Evergreen Rd., Suite 810 Southfield, MI 48076 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 |
| Total Number of Mortgage Applications | 2,781 |
| Total Mortgage Loan Application Amount | $686,632,000 |
| Average Mortgage Loan Application Amount | $246,901 |
| Highest Mortgage Loan Application Amount | $3,510,000 |
| Average Applicant Income | $109,523 |
| Highest Applicant Income | $1,933,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Creative Mortgage Lending filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Miami-Miami Beach-Kendall, FL | 549 | $ 184,530,000 | $ 336,120 | $ 133,000 |
| Orlando-Kissimmee, FL | 344 | $ 81,225,000 | $ 236,119 | $ 109,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 254 | $ 80,091,000 | $ 315,318 | $ 128,000 |
| Detroit-Livonia-Dearborn, MI | 241 | $ 29,490,000 | $ 122,365 | $ 76,000 |
| Tampa-St. Petersburg-Clearwater, FL | 209 | $ 44,312,000 | $ 212,019 | $ 92,000 |
| Warren-Troy-Farmington Hills, MI | 190 | $ 47,950,000 | $ 252,368 | $ 111,000 |
| Cape Coral-Fort Myers, FL | 96 | $ 23,334,000 | $ 243,062 | $ 99,000 |
| Jacksonville, FL | 87 | $ 14,127,000 | $ 162,379 | $ 66,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 81 | $ 24,183,000 | $ 298,555 | $ 131,000 |
| Port St. Lucie, FL | 39 | $ 8,732,000 | $ 223,897 | $ 103,000 |
| Naples-Marco Island, FL | 34 | $ 11,991,000 | $ 352,676 | $ 143,000 |
| Grand Rapids-Wyoming, MI | 33 | $ 4,750,000 | $ 143,939 | $ 100,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 31 | $ 5,351,000 | $ 172,612 | $ 108,000 |
| Charlotte-Gastonia-Concord, NC-SC | 30 | $ 6,732,000 | $ 224,400 | $ 110,266 |
| Lakeland, FL | 30 | $ 6,475,000 | $ 215,833 | $ 77,000 |
| Denver-Aurora, CO | 27 | $ 5,415,000 | $ 200,555 | $ 251,000 |
| Sarasota-Bradenton-Venice, FL | 27 | $ 8,430,000 | $ 312,222 | $ 122,000 |
| Indianapolis-Carmel, IN | 26 | $ 3,479,000 | $ 133,807 | $ 85,000 |
| Ocala, FL | 25 | $ 4,093,000 | $ 163,720 | $ 73,000 |
| Palm Bay-Melbourne-Titusville, FL | 24 | $ 6,022,000 | $ 250,916 | $ 62,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 24 | $ 9,081,000 | $ 378,375 | $ 125,000 |
| Flint, MI | 22 | $ 6,072,000 | $ 276,000 | $ 115,000 |
| Baltimore-Towson, MD | 21 | $ 4,312,000 | $ 205,333 | $ 117,000 |
| Gary, IN | 19 | $ 2,622,000 | $ 138,000 | $ 69,000 |
| Lansing-East Lansing, MI | 19 | $ 2,490,000 | $ 131,052 | $ 69,000 |
| Punta Gorda, FL | 18 | $ 4,964,000 | $ 275,777 | $ 112,000 |
| Ann Arbor, MI | 17 | $ 4,418,000 | $ 259,882 | $ 102,000 |
| Tallahassee, FL | 17 | $ 2,855,000 | $ 167,941 | $ 71,000 |
| Jackson, MI | 10 | $ 1,560,000 | $ 156,000 | $ 72,000 |
| Raleigh-Cary, NC | 10 | $ 2,061,000 | $ 206,100 | $ 61,000 |
| Sebastian-Vero Beach, FL | 10 | $ 1,826,000 | $ 182,600 | $ 41,000 |
| Greenville-Mauldin-Easley, SC | 9 | $ 1,614,000 | $ 179,333 | $ 81,000 |
| Holland-Grand Haven, MI | 9 | $ 1,297,000 | $ 144,111 | $ 90,000 |
| Bethesda-Gaithersburg-Frederick, MD | 8 | $ 3,301,000 | $ 412,625 | $ 120,000 |
| Kalamazoo-Portage, MI | 6 | $ 699,000 | $ 116,500 | $ 80,000 |
| Anderson, SC | 5 | $ 901,000 | $ 180,200 | $ 55,000 |
| Columbia, SC | 5 | $ 950,000 | $ 190,000 | $ 119,000 |
| Fort Walton Beach-Crestview-Destin, FL | 5 | $ 2,662,000 | $ 532,400 | $ 232,000 |
| Michigan City-La Porte, IN | 5 | $ 675,000 | $ 135,000 | $ 59,000 |
| Monroe, MI | 5 | $ 820,000 | $ 164,000 | $ 67,000 |
| South Bend-Mishawaka, IN-MI | 5 | $ 1,183,000 | $ 236,600 | $ 61,200 |
| Battle Creek, MI | 4 | $ 430,000 | $ 107,500 | $ 59,000 |
| Charleston-North Charleston, SC | 4 | $ 697,000 | $ 174,250 | $ 56,000 |
| Colorado Springs, CO | 4 | $ 1,198,000 | $ 299,500 | $ 223,000 |
| Fort Wayne, IN | 4 | $ 520,000 | $ 130,000 | $ 58,000 |
| Muskegon-Norton Shores, MI | 4 | $ 248,000 | $ 62,000 | $ 49,000 |
| Niles-Benton Harbor, MI | 4 | $ 451,000 | $ 112,750 | $ 48,000 |
| Wilmington, NC | 4 | $ 979,000 | $ 244,750 | $ 104,000 |
| Durham, NC | 3 | $ 411,000 | $ 137,000 | $ 98,000 |
| Palm Coast, FL | 3 | $ 693,000 | $ 231,000 | $ 98,000 |
| Fayetteville, NC | 2 | $ 196,000 | $ 98,000 | $ 80,000 |
| Gainesville, FL | 2 | $ 248,000 | $ 124,000 | $ 61,000 |
| Greensboro-High Point, NC | 2 | $ 284,000 | $ 142,000 | $ 44,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 2 | $ 377,000 | $ 188,500 | $ 86,000 |
| Panama City-Lynn Haven, FL | 2 | $ 1,280,000 | $ 640,000 | $ 154,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 297,000 | $ 148,500 | $ 100,000 |
| Saginaw-Saginaw Township North, MI | 2 | $ 233,000 | $ 116,500 | $ 47,000 |
| Salisbury, MD | 2 | $ 242,000 | $ 121,000 | $ 44,000 |
| Winston-Salem, NC | 2 | $ 204,000 | $ 102,000 | $ 64,000 |
| Asheville, NC | 1 | $ 224,000 | $ 224,000 | $ 123,000 |
| Burlington, NC | 1 | $ 132,000 | $ 132,000 | $ 240,000 |
| Elkhart-Goshen, IN | 1 | $ 165,000 | $ 165,000 | $ 61,000 |
| Florence, SC | 1 | $ 142,000 | $ 142,000 | $ 65,000 |
| Fort Collins-Loveland, CO | 1 | $ 437,000 | $ 437,000 | $ 120,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 380,000 | $ 380,000 | $ 263,000 |
| Kokomo, IN | 1 | $ 63,000 | $ 63,000 | $ 35,000 |
| Lancaster, PA | 1 | $ 133,000 | $ 133,000 | $ 55,000 |
| Muncie, IN | 1 | $ 81,000 | $ 81,000 | $ 48,000 |
| Rocky Mount, NC | 1 | $ 69,000 | $ 69,000 | $ 101,000 |
| Spartanburg, SC | 1 | $ 94,000 | $ 94,000 | $ 34,000 |
| Terre Haute, IN | 1 | $ 164,000 | $ 164,000 | $ 60,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 356,000 | $ 356,000 | $ 101,000 |
Mortgage Loan Application Detail Totals for Creative Mortgage Lending in 2007
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 | 1,830 | $482,872,000 | $263,000 | $3,510,000 | $111,000 | $1,933,000 |
| Refinancing | 913 | $196,467,000 | $215,000 | $2,850,000 | $108,000 | $1,032,000 |
| Home Improvement | 38 | $7,293,000 | $191,000 | $416,000 | $75,000 | $249,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 943 | $268,527,000 | $284,000 | $1,540,000 | $114,000 | $1,464,000 |
| White | 821 | $187,410,000 | $228,000 | $1,497,000 | $124,000 | $1,933,000 |
| Black or African American | 737 | $159,825,000 | $216,000 | $2,850,000 | $91,000 | $781,000 |
| Not Provided | 227 | $55,464,000 | $244,000 | $3,510,000 | $101,000 | $1,021,000 |
| Asian | 43 | $13,294,000 | $309,000 | $1,500,000 | $102,000 | $479,000 |
| American Indian or Alaskan Native | 7 | $1,521,000 | $217,000 | $414,000 | $191,000 | $813,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $591,000 | $197,000 | $225,000 | $63,000 | $75,000 |
| 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) | 2,781 | $686,632,000 | $246,000 | $3,510,000 | $109,000 | $1,933,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 2,491 | $623,090,000 | $250,000 | $2,850,000 | $109,000 | $1,933,000 |
| Loan Originated | 290 | $63,542,000 | $219,000 | $3,510,000 | $117,000 | $1,021,000 |
| 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 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 5 | $1,799,000 | $359,000 | $716,000 | $120,000 | $355,000 |
| Other | 5 | $1,264,000 | $252,000 | $519,000 | $158,000 | $397,000 |
| Unverifiable Information | 1 | $361,000 | $361,000 | $361,000 | $125,000 | $125,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Creative Mortgage Lending's 2007 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 Creative Mortgage Lending'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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