Crescent Mortgage Company Mortgage Lending & HMDA Data, 2011
In 2011, Crescent Mortgage Company of Atlanta, GA reported 9,251 mortgage applications totaling $1.5 billion, down 32% from 2010. The average application was for $160,674, and applicants reported an average income of $82,209. 77% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (259), Houma-Bayou Cane-Thibodaux, LA (238) and Lake Charles, LA (224) (applications in parentheses).
| Mortgage Company & Address | Crescent Mortgage Company 5901 Peachtree Dunwoody Rd Ne Blg C, 250 Atlanta, GA 30328 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 9,251 |
| Total Mortgage Loan Application Amount | $1,486,402,000 |
| Average Mortgage Loan Application Amount | $160,674 |
| Highest Mortgage Loan Application Amount | $639,000 |
| Average Applicant Income | $82,209 |
| Highest Applicant Income | $1,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Crescent Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Crescent Mortgage Company in 2011
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 | 4,763 | $742,510,000 | $155,000 | $639,000 | $75,000 | $793,000 |
| Refinancing | 4,384 | $730,092,000 | $166,000 | $584,000 | $90,000 | $1,999,000 |
| Home Improvement | 104 | $13,800,000 | $132,000 | $346,000 | $84,000 | $293,000 |
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 | 8,114 | $1,308,709,000 | $161,000 | $639,000 | $83,000 | $1,999,000 |
| Black or African American | 396 | $58,767,000 | $148,000 | $529,000 | $64,000 | $631,000 |
| Not Provided | 313 | $52,515,000 | $167,000 | $552,000 | $87,000 | $834,000 |
| Hispanic | 276 | $39,834,000 | $144,000 | $417,000 | $70,000 | $586,000 |
| Asian | 114 | $20,872,000 | $183,000 | $417,000 | $87,000 | $447,000 |
| American Indian or Alaskan Native | 24 | $3,478,000 | $144,000 | $330,000 | $69,000 | $150,000 |
| Native Hawaiian or Other Pacific Islander | 14 | $2,227,000 | $159,000 | $301,000 | $69,000 | $225,000 |
| 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) | 5,577 | $929,578,000 | $166,000 | $639,000 | $98,000 | $1,999,000 |
| FHA-insured (Federal Housing Administration) | 2,660 | $398,875,000 | $149,000 | $580,000 | $61,000 | $932,000 |
| VA-guaranteed (Veterans Administration) | 545 | $102,179,000 | $187,000 | $601,000 | $64,000 | $274,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 469 | $55,770,000 | $118,000 | $306,000 | $44,000 | $109,000 |
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 | 7,148 | $1,144,196,000 | $160,000 | $639,000 | $83,000 | $846,000 |
| Application Denied By Financial Institution | 1,591 | $259,571,000 | $163,000 | $624,000 | $74,000 | $1,999,000 |
| Application Withdrawn By Applicant | 247 | $38,627,000 | $156,000 | $552,000 | $86,000 | $595,000 |
| Application Approved But Not Accepted | 191 | $30,628,000 | $160,000 | $584,000 | $99,000 | $1,403,000 |
| Loan Purchased By The Institution | 74 | $13,380,000 | $180,000 | $417,000 | $90,000 | $310,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 |
|---|---|---|---|---|---|---|
| Collateral | 461 | $75,638,000 | $164,000 | $601,000 | $86,000 | $717,000 |
| Debt-To-Income Ratio | 271 | $47,347,000 | $174,000 | $459,000 | $49,000 | $224,000 |
| Credit History | 227 | $31,746,000 | $139,000 | $529,000 | $55,000 | $237,000 |
| Unverifiable Information | 180 | $29,276,000 | $162,000 | $417,000 | $81,000 | $793,000 |
| Other | 178 | $28,218,000 | $158,000 | $411,000 | $103,000 | $1,999,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 112 | $19,980,000 | $178,000 | $624,000 | $79,000 | $369,000 |
| Employment History | 58 | $9,661,000 | $166,000 | $315,000 | $68,000 | $399,000 |
| Credit Application Incomplete | 40 | $6,635,000 | $165,000 | $404,000 | $84,000 | $452,000 |
| Mortgage Insurance Denied | 3 | $314,000 | $104,000 | $162,000 | $45,000 | $61,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Crescent Mortgage Company's 2011 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 Crescent 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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