Cunningham & Company Mortgage Lending & HMDA Data, 2010
In 2010, Cunningham & Company of Greensboro, NC reported 3,106 mortgage applications totaling $561.4 million, down 26% from 2009. The average application was for $180,745, and applicants reported an average income of $88,334. 79% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Charlotte-Gastonia-Rock Hill, NC-SC (1,098), Asheville, NC (480) and Greensboro-High Point, NC (412) (applications in parentheses).
| Mortgage Company & Address | Cunningham & Company 804 Green Valley Road, Suite 106 Greensboro, NC 27408 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,106 |
| Total Mortgage Loan Application Amount | $561,394,000 |
| Average Mortgage Loan Application Amount | $180,745 |
| Highest Mortgage Loan Application Amount | $1,493,000 |
| Average Applicant Income | $88,334 |
| Highest Applicant Income | $4,175,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cunningham & Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Cunningham & Company 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 | 1,892 | $316,536,000 | $167,000 | $1,114,000 | $77,000 | $4,175,000 |
| Refinancing | 1,214 | $244,858,000 | $201,000 | $1,493,000 | $106,000 | $1,279,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,624 | $480,423,000 | $183,000 | $1,320,000 | $91,000 | $4,175,000 |
| Black or African American | 226 | $29,493,000 | $130,000 | $417,000 | $51,000 | $221,000 |
| Not Provided | 132 | $29,885,000 | $226,000 | $1,493,000 | $105,000 | $975,000 |
| Hispanic | 78 | $12,502,000 | $160,000 | $650,000 | $79,000 | $932,000 |
| Asian | 38 | $7,628,000 | $200,000 | $417,000 | $95,000 | $215,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $613,000 | $122,000 | $256,000 | $55,000 | $68,000 |
| American Indian or Alaskan Native | 3 | $850,000 | $283,000 | $417,000 | $128,000 | $190,000 |
| 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) | 1,734 | $364,618,000 | $210,000 | $1,493,000 | $115,000 | $4,175,000 |
| FHA-insured (Federal Housing Administration) | 963 | $137,281,000 | $142,000 | $311,000 | $56,000 | $339,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 275 | $35,275,000 | $128,000 | $270,000 | $42,000 | $104,000 |
| VA-guaranteed (Veterans Administration) | 134 | $24,220,000 | $180,000 | $857,000 | $70,000 | $550,000 |
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 | 2,454 | $439,251,000 | $178,000 | $1,114,000 | $87,000 | $4,175,000 |
| Application Withdrawn By Applicant | 509 | $96,766,000 | $190,000 | $1,493,000 | $95,000 | $1,198,000 |
| Application Denied By Financial Institution | 133 | $23,537,000 | $176,000 | $1,238,000 | $77,000 | $753,000 |
| Application Approved But Not Accepted | 10 | $1,840,000 | $184,000 | $417,000 | $106,000 | $357,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 36 | $7,931,000 | $220,000 | $417,000 | $67,000 | $177,000 |
| Credit History | 33 | $4,839,000 | $146,000 | $277,000 | $65,000 | $173,000 |
| Collateral | 31 | $6,465,000 | $208,000 | $1,238,000 | $122,000 | $753,000 |
| Other | 18 | $2,273,000 | $126,000 | $321,000 | $71,000 | $272,000 |
| Employment History | 7 | $1,222,000 | $174,000 | $305,000 | $65,000 | $120,000 |
| Unverifiable Information | 5 | $321,000 | $64,000 | $82,000 | $21,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $329,000 | $164,000 | $265,000 | $39,000 | $54,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cunningham & Company'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 Cunningham & 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.
For a list of all lenders in North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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