D & R Mortgage Corp Mortgage Lending & HMDA Data, 2009
In 2009, D & R Mortgage Corp of Farmington Hills, MI reported 2,818 mortgage applications totaling $453.9 million, down 17% from 2008. The average application was for $161,080, and applicants reported an average income of $2,719. 84% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (190), Atlanta-Sandy Springs-Marietta, GA (132) and Detroit-Livonia-Dearborn, MI (91) (applications in parentheses).
| Mortgage Company & Address | D & R Mortgage Corp 29870 Middlebelt Road Farmington Hills, MI 48334 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,818 |
| Total Mortgage Loan Application Amount | $453,925,000 |
| Average Mortgage Loan Application Amount | $161,080 |
| Highest Mortgage Loan Application Amount | $423,000 |
| Average Applicant Income | $2,719 |
| Highest Applicant Income | $496,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records D & R Mortgage Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 D & R Mortgage Corp 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 |
|---|---|---|---|---|---|---|
| Refinancing | 2,779 | $449,289,000 | $161,000 | $423,000 | $2,000 | $496,000 |
| Home Purchase | 39 | $4,636,000 | $118,000 | $235,000 | $54,000 | $209,000 |
| 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 | 2,641 | $425,394,000 | $161,000 | $423,000 | $2,000 | $496,000 |
| Black or African American | 104 | $16,960,000 | $163,000 | $352,000 | $2,000 | $106,000 |
| Not Provided | 57 | $8,811,000 | $154,000 | $336,000 | $0 | $0 |
| Hispanic | 9 | $1,495,000 | $166,000 | $272,000 | $6,000 | $56,000 |
| Asian | 5 | $1,014,000 | $202,000 | $253,000 | $0 | $0 |
| American Indian or Alaskan Native | 2 | $251,000 | $125,000 | $135,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 2,795 | $449,654,000 | $160,000 | $423,000 | $2,000 | $496,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 23 | $4,271,000 | $185,000 | $417,000 | $85,000 | $321,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 2,372 | $383,770,000 | $161,000 | $423,000 | $1,000 | $321,000 |
| Application Withdrawn By Applicant | 397 | $62,518,000 | $157,000 | $423,000 | $4,000 | $496,000 |
| Application Denied By Financial Institution | 44 | $6,844,000 | $155,000 | $348,000 | $66,000 | $130,000 |
| File Closed For Incompleteness | 5 | $793,000 | $158,000 | $226,000 | $51,000 | $140,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Other | 13 | $1,948,000 | $149,000 | $318,000 | $72,000 | $125,000 |
| Collateral | 12 | $1,982,000 | $165,000 | $348,000 | $69,000 | $130,000 |
| Credit History | 12 | $1,813,000 | $151,000 | $244,000 | $56,000 | $96,000 |
| Unverifiable Information | 3 | $476,000 | $158,000 | $241,000 | $54,000 | $65,000 |
| Debt-To-Income Ratio | 2 | $329,000 | $164,000 | $205,000 | $47,000 | $56,000 |
| Credit Application Incomplete | 1 | $103,000 | $103,000 | $103,000 | $89,000 | $89,000 |
| 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 D & R Mortgage Corp'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 D & R Mortgage Corp'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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About