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Act (HMDA) records Cunningham & Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Mecklenburg, North Carolina | 676 | $ 131,493,000 | $ 194,516 | $ 106,000 |
| Guilford, North Carolina | 358 | $ 60,514,000 | $ 169,033 | $ 90,000 |
| Buncombe, North Carolina | 299 | $ 62,028,000 | $ 207,451 | $ 97,000 |
| New Hanover, North Carolina | 261 | $ 56,339,000 | $ 215,858 | $ 106,000 |
| Gaston, North Carolina | 157 | $ 19,901,000 | $ 126,757 | $ 58,000 |
| Henderson, North Carolina | 155 | $ 25,937,000 | $ 167,335 | $ 67,000 |
| Cabarrus, North Carolina | 140 | $ 20,979,000 | $ 149,850 | $ 63,000 |
| Brunswick, North Carolina | 103 | $ 18,028,000 | $ 175,029 | $ 91,000 |
| Iredell, North Carolina | 87 | $ 12,834,000 | $ 147,517 | $ 62,000 |
| Union, North Carolina | 79 | $ 20,100,000 | $ 254,430 | $ 116,000 |
| Wake, North Carolina | 60 | $ 15,330,000 | $ 255,500 | $ 125,000 |
| Forsyth, North Carolina | 46 | $ 6,732,000 | $ 146,347 | $ 59,000 |
| York, South Carolina | 46 | $ 9,039,000 | $ 196,500 | $ 78,000 |
| Davidson, North Carolina | 44 | $ 5,677,000 | $ 129,022 | $ 59,000 |
| Randolph, North Carolina | 44 | $ 6,344,000 | $ 144,181 | $ 47,000 |
| Pender, North Carolina | 43 | $ 7,331,000 | $ 170,488 | $ 88,000 |
| Berkeley, South Carolina | 37 | $ 5,929,000 | $ 160,243 | $ 74,000 |
| Rowan, North Carolina | 34 | $ 4,168,000 | $ 122,588 | $ 52,000 |
| Lincoln, North Carolina | 25 | $ 3,977,000 | $ 159,080 | $ 63,000 |
| Haywood, North Carolina | 21 | $ 3,578,000 | $ 170,380 | $ 60,000 |
| Spartanburg, South Carolina | 21 | $ 3,024,000 | $ 144,000 | $ 62,000 |
| Lenoir, North Carolina | 19 | $ 2,255,000 | $ 118,684 | $ 48,000 |
| Transylvania, North Carolina | 17 | $ 2,510,000 | $ 147,647 | $ 86,000 |
| Greenville, South Carolina | 17 | $ 2,358,000 | $ 138,705 | $ 72,000 |
| Pitt, North Carolina | 15 | $ 2,223,000 | $ 148,200 | $ 56,000 |
| Stokes, North Carolina | 14 | $ 2,155,000 | $ 153,928 | $ 66,000 |
| Charleston, South Carolina | 14 | $ 2,725,000 | $ 194,642 | $ 81,000 |
| Beaufort, South Carolina | 13 | $ 3,512,000 | $ 270,153 | $ 151,000 |
| Lancaster, South Carolina | 13 | $ 2,713,000 | $ 208,692 | $ 97,000 |
| Onslow, North Carolina | 12 | $ 1,720,000 | $ 143,333 | $ 40,000 |
| Catawba, North Carolina | 11 | $ 2,002,000 | $ 182,000 | $ 87,000 |
| Franklin, North Carolina | 11 | $ 2,045,000 | $ 185,909 | $ 74,000 |
| Rockingham, North Carolina | 10 | $ 1,359,000 | $ 135,900 | $ 63,000 |
| Alamance, North Carolina | 9 | $ 1,453,000 | $ 161,444 | $ 74,000 |
| Stanly, North Carolina | 9 | $ 1,356,000 | $ 150,666 | $ 54,000 |
| Dorchester, South Carolina | 9 | $ 1,457,000 | $ 161,888 | $ 55,000 |
| Jackson, North Carolina | 8 | $ 1,326,000 | $ 165,750 | $ 105,000 |
| Horry, South Carolina | 8 | $ 1,208,000 | $ 151,000 | $ 69,000 |
| Moore, North Carolina | 7 | $ 1,228,000 | $ 175,428 | $ 83,000 |
| Orangeburg, South Carolina | 7 | $ 1,085,000 | $ 155,000 | $ 52,000 |
| Alexander, North Carolina | 6 | $ 727,000 | $ 121,166 | $ 55,000 |
| Durham, North Carolina | 6 | $ 1,099,000 | $ 183,166 | $ 92,000 |
| Johnston, North Carolina | 6 | $ 1,127,000 | $ 187,833 | $ 114,000 |
| Montgomery, North Carolina | 6 | $ 1,844,000 | $ 307,333 | $ 195,000 |
| Orange, North Carolina | 6 | $ 1,133,000 | $ 188,833 | $ 93,000 |
| Rutherford, North Carolina | 6 | $ 1,089,000 | $ 181,500 | $ 62,000 |
| Lexington, South Carolina | 6 | $ 1,047,000 | $ 174,500 | $ 70,000 |
| Richland, South Carolina | 6 | $ 1,014,000 | $ 169,000 | $ 69,000 |
| Burke, North Carolina | 5 | $ 514,000 | $ 102,800 | $ 38,000 |
| Cleveland, North Carolina | 5 | $ 505,000 | $ 101,000 | $ 46,000 |
| Madison, North Carolina | 5 | $ 768,000 | $ 153,600 | $ 91,000 |
| Carteret, North Carolina | 4 | $ 941,000 | $ 235,250 | $ 89,000 |
| McDowell, North Carolina | 4 | $ 462,000 | $ 115,500 | $ 59,000 |
| Person, North Carolina | 4 | $ 717,000 | $ 179,250 | $ 100,000 |
| Polk, North Carolina | 4 | $ 1,401,000 | $ 350,250 | $ 293,000 |
| Swain, North Carolina | 4 | $ 583,000 | $ 145,750 | $ 59,000 |
| Edgefield, South Carolina | 4 | $ 294,000 | $ 73,500 | $ 27,000 |
| Caldwell, North Carolina | 3 | $ 285,000 | $ 95,000 | $ 51,000 |
| Vance, North Carolina | 3 | $ 312,000 | $ 104,000 | $ 41,000 |
| Watauga, North Carolina | 3 | $ 748,000 | $ 249,333 | $ 265,000 |
| Alleghany, North Carolina | 2 | $ 526,000 | $ 263,000 | $ 124,000 |
| Chatham, North Carolina | 2 | $ 469,000 | $ 234,500 | $ 78,000 |
| Cherokee, North Carolina | 2 | $ 233,000 | $ 116,500 | $ 50,000 |
| Davie, North Carolina | 2 | $ 480,000 | $ 240,000 | $ 275,000 |
| Granville, North Carolina | 2 | $ 222,000 | $ 111,000 | $ 44,000 |
| Greene, North Carolina | 2 | $ 325,000 | $ 162,500 | $ 81,000 |
| Robeson, North Carolina | 2 | $ 220,000 | $ 110,000 | $ 42,000 |
| Sampson, North Carolina | 2 | $ 280,000 | $ 140,000 | $ 56,000 |
| Surry, North Carolina | 2 | $ 248,000 | $ 124,000 | $ 94,000 |
| Colleton, South Carolina | 2 | $ 193,000 | $ 96,500 | $ 49,000 |
| Pickens, South Carolina | 2 | $ 322,000 | $ 161,000 | $ 54,000 |
| Bladen, North Carolina | 1 | $ 226,000 | $ 226,000 | $ 117,000 |
| Caswell, North Carolina | 1 | $ 154,000 | $ 154,000 | $ 74,000 |
| Columbus, North Carolina | 1 | $ 62,000 | $ 62,000 | $ 15,000 |
| Cumberland, North Carolina | 1 | $ 112,000 | $ 112,000 | $ 62,000 |
| Currituck, North Carolina | 1 | $ 215,000 | $ 215,000 | $ 59,000 |
| Graham, North Carolina | 1 | $ 105,000 | $ 105,000 | $ 33,000 |
| Halifax, North Carolina | 1 | $ 163,000 | $ 163,000 | $ 48,000 |
| Harnett, North Carolina | 1 | $ 153,000 | $ 153,000 | $ 79,000 |
| Macon, North Carolina | 1 | $ 129,000 | $ 129,000 | $ 35,000 |
| Nash, North Carolina | 1 | $ 189,000 | $ 189,000 | $ 66,000 |
| Wayne, North Carolina | 1 | $ 180,000 | $ 180,000 | $ 73,000 |
| Wilkes, North Carolina | 1 | $ 158,000 | $ 158,000 | $ 67,000 |
| Wilson, North Carolina | 1 | $ 72,000 | $ 72,000 | $ 41,000 |
| Yadkin, North Carolina | 1 | $ 219,000 | $ 219,000 | $ 103,000 |
| Anderson, South Carolina | 1 | $ 170,000 | $ 170,000 | $ 91,000 |
| Calhoun, South Carolina | 1 | $ 234,000 | $ 234,000 | $ 53,000 |
| Cherokee, South Carolina | 1 | $ 97,000 | $ 97,000 | $ 45,000 |
| Georgetown, South Carolina | 1 | $ 307,000 | $ 307,000 | $ 338,000 |
| Jasper, South Carolina | 1 | $ 203,000 | $ 203,000 | $ 65,000 |
| Marlboro, South Carolina | 1 | $ 120,000 | $ 120,000 | $ 53,000 |
| Union, South Carolina | 1 | $ 50,000 | $ 50,000 | $ 34,000 |
| Chesterfield, Virginia | 1 | $ 276,000 | $ 276,000 | $ 110,000 |
| Harrisonburg, Virginia | 1 | $ 272,000 | $ 272,000 | $ 67,000 |
| James City, Virginia | 1 | $ 200,000 | $ 200,000 | $ 53,000 |
| Loudoun, Virginia | 1 | $ 379,000 | $ 379,000 | $ 101,000 |
| Newport News, Virginia | 1 | $ 160,000 | $ 160,000 | $ 57,000 |
| Norfolk, Virginia | 1 | $ 188,000 | $ 188,000 | $ 78,000 |
| Williamsburg, Virginia | 1 | $ 329,000 | $ 329,000 | $ 174,000 |
| York, Virginia | 1 | $ 172,000 | $ 172,000 | $ 110,000 |
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.
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