Cunningham & Company Mortgage Lending & HMDA Data, 2009
In 2009, Cunningham & Company of Greensboro, NC reported 4,193 mortgage applications totaling $786.9 million, up 67% from 2008. The average application was for $187,668, and applicants reported an average income of $90,288. 84% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Charlotte-Gastonia-Concord, NC-SC (1,375), Greensboro-High Point, NC (572) and Asheville, NC (547) (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 | 4,193 |
| Total Mortgage Loan Application Amount | $786,892,000 |
| Average Mortgage Loan Application Amount | $187,668 |
| Highest Mortgage Loan Application Amount | $1,725,000 |
| Average Applicant Income | $90,288 |
| Highest Applicant Income | $2,019,000 |
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Act (HMDA) records Cunningham & Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 2,196 | $357,008,000 | $162,000 | $1,208,000 | $76,000 | $2,019,000 |
| Refinancing | 1,997 | $429,884,000 | $215,000 | $1,725,000 | $106,000 | $1,866,000 |
| 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 | 3,490 | $661,197,000 | $189,000 | $1,725,000 | $90,000 | $2,019,000 |
| Not Provided | 305 | $65,012,000 | $213,000 | $1,500,000 | $124,000 | $1,866,000 |
| Black or African American | 258 | $37,895,000 | $146,000 | $424,000 | $57,000 | $259,000 |
| Hispanic | 86 | $13,877,000 | $161,000 | $417,000 | $66,000 | $287,000 |
| Asian | 48 | $7,790,000 | $162,000 | $286,000 | $63,000 | $235,000 |
| American Indian or Alaskan Native | 3 | $450,000 | $150,000 | $168,000 | $67,000 | $79,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $671,000 | $223,000 | $417,000 | $115,000 | $240,000 |
| 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) | 2,479 | $531,951,000 | $214,000 | $1,725,000 | $113,000 | $2,019,000 |
| FHA-insured (Federal Housing Administration) | 1,410 | $207,766,000 | $147,000 | $310,000 | $57,000 | $719,000 |
| VA-guaranteed (Veterans Administration) | 167 | $29,978,000 | $179,000 | $672,000 | $63,000 | $266,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 137 | $17,197,000 | $125,000 | $260,000 | $41,000 | $88,000 |
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 | 3,506 | $651,196,000 | $185,000 | $1,100,000 | $89,000 | $2,019,000 |
| Application Withdrawn By Applicant | 536 | $108,638,000 | $202,000 | $1,500,000 | $101,000 | $1,866,000 |
| Application Denied By Financial Institution | 133 | $24,170,000 | $181,000 | $1,725,000 | $84,000 | $1,092,000 |
| Application Approved But Not Accepted | 17 | $2,800,000 | $164,000 | $409,000 | $66,000 | $152,000 |
| File Closed For Incompleteness | 1 | $88,000 | $88,000 | $88,000 | $24,000 | $24,000 |
| 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 |
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 | 32 | $5,451,000 | $170,000 | $417,000 | $52,000 | $120,000 |
| Debt-To-Income Ratio | 30 | $6,218,000 | $207,000 | $412,000 | $90,000 | $1,092,000 |
| Collateral | 30 | $6,608,000 | $220,000 | $1,725,000 | $134,000 | $703,000 |
| Other | 25 | $3,704,000 | $148,000 | $757,000 | $78,000 | $281,000 |
| Employment History | 7 | $953,000 | $136,000 | $255,000 | $42,000 | $55,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $456,000 | $114,000 | $148,000 | $26,000 | $32,000 |
| Unverifiable Information | 4 | $665,000 | $166,000 | $192,000 | $95,000 | $154,000 |
| Mortgage Insurance Denied | 1 | $115,000 | $115,000 | $115,000 | $50,000 | $50,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cunningham & Company's 2009 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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with aggregated HMDA statistics today.
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