Ditech.Com LLC F/K/A Ditech.Co Mortgage Lending & HMDA Data, 2005
In 2005, Ditech.Com LLC F/K/A Ditech.Co of Ft. Washington, PA reported 3,807 mortgage applications totaling $848.3 million, down 46% from 2004. The average application was for $222,831, and applicants reported an average income of $76,681. 10% of its applications resulted in an originated loan and 44% were denied. Its largest markets were Boston-Quincy, MA (755), Cambridge-Newton-Framingham, MA (458) and Worcester, MA (444) (applications in parentheses).
| Mortgage Company & Address | Ditech.Com LLC F/K/A Ditech.Co 1100 Virginia Drive Ft. Washington, PA 19034 |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 3,807 |
| Total Mortgage Loan Application Amount | $848,318,000 |
| Average Mortgage Loan Application Amount | $222,831 |
| Highest Mortgage Loan Application Amount | $4,230,000 |
| Average Applicant Income | $76,681 |
| Highest Applicant Income | $1,849,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ditech.Com LLC F/K/A Ditech.Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Middlesex, Massachusetts | 458 | $ 115,027,000 | $ 251,150 | $ 82,000 |
| Worcester, Massachusetts | 444 | $ 91,893,000 | $ 206,966 | $ 100,000 |
| Essex, Massachusetts | 341 | $ 88,341,000 | $ 259,064 | $ 80,000 |
| Plymouth, Massachusetts | 319 | $ 79,174,000 | $ 248,194 | $ 73,000 |
| Honolulu, Hawaii | 309 | $ 83,058,000 | $ 268,796 | $ 88,000 |
| Hampden, Massachusetts | 298 | $ 43,619,000 | $ 146,372 | $ 56,000 |
| Bristol, Massachusetts | 239 | $ 52,202,000 | $ 218,418 | $ 64,000 |
| Norfolk, Massachusetts | 222 | $ 57,410,000 | $ 258,603 | $ 105,000 |
| Suffolk, Massachusetts | 214 | $ 59,398,000 | $ 277,560 | $ 84,000 |
| Barnstable, Massachusetts | 164 | $ 41,269,000 | $ 251,640 | $ 99,000 |
| Hawaii, Hawaii | 131 | $ 31,561,000 | $ 240,923 | $ 80,000 |
| Laramie, Wyoming | 83 | $ 9,776,000 | $ 117,783 | $ 57,000 |
| Berkshire, Massachusetts | 78 | $ 10,776,000 | $ 138,153 | $ 87,000 |
| Maui, Hawaii | 68 | $ 19,855,000 | $ 291,985 | $ 83,000 |
| Hampshire, Massachusetts | 57 | $ 10,108,000 | $ 177,333 | $ 70,000 |
| Franklin, Massachusetts | 51 | $ 8,184,000 | $ 160,470 | $ 57,000 |
| Natrona, Wyoming | 46 | $ 5,232,000 | $ 113,739 | $ 64,000 |
| Kauai, Hawaii | 30 | $ 8,577,000 | $ 285,900 | $ 109,000 |
| Campbell, Wyoming | 27 | $ 3,653,000 | $ 135,296 | $ 64,000 |
| Carbon, Wyoming | 26 | $ 1,954,000 | $ 75,153 | $ 44,000 |
| Sweetwater, Wyoming | 24 | $ 3,055,000 | $ 127,291 | $ 54,000 |
| Sheridan, Wyoming | 19 | $ 2,824,000 | $ 148,631 | $ 56,000 |
| Lincoln, Wyoming | 17 | $ 2,502,000 | $ 147,176 | $ 94,000 |
| Albany, Wyoming | 14 | $ 1,757,000 | $ 125,500 | $ 62,000 |
| Uinta, Wyoming | 14 | $ 1,490,000 | $ 106,428 | $ 68,000 |
| Big Horn, Wyoming | 12 | $ 1,007,000 | $ 83,916 | $ 29,000 |
| Converse, Wyoming | 12 | $ 988,000 | $ 82,333 | $ 46,000 |
| Park, Wyoming | 11 | $ 1,452,000 | $ 132,000 | $ 84,000 |
| Dukes, Massachusetts | 9 | $ 2,737,000 | $ 304,111 | $ 103,000 |
| Fremont, Wyoming | 9 | $ 1,005,000 | $ 111,666 | $ 46,000 |
| Sublette, Wyoming | 9 | $ 1,391,000 | $ 154,555 | $ 67,000 |
| Platte, Wyoming | 8 | $ 846,000 | $ 105,750 | $ 33,000 |
| Goshen, Wyoming | 7 | $ 451,000 | $ 64,428 | $ 62,000 |
| Johnson, Wyoming | 7 | $ 630,000 | $ 90,000 | $ 84,000 |
| Crook, Wyoming | 6 | $ 590,000 | $ 98,333 | $ 63,000 |
| Teton, Wyoming | 6 | $ 1,631,000 | $ 271,833 | $ 84,000 |
| Washakie, Wyoming | 6 | $ 640,000 | $ 106,666 | $ 55,000 |
| Nantucket, Massachusetts | 3 | $ 1,260,000 | $ 420,000 | $ 71,000 |
| Hot Springs, Wyoming | 3 | $ 340,000 | $ 113,333 | $ 84,000 |
| Weston, Wyoming | 3 | $ 455,000 | $ 151,666 | $ 112,000 |
| Niobrara, Wyoming | 2 | $ 112,000 | $ 56,000 | $ 38,000 |
| York, Maine | 1 | $ 88,000 | $ 88,000 | $ 28,000 |
Mortgage Loan Application Detail Totals for Ditech.Com LLC F/K/A Ditech.Co in 2005
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 | 3,235 | $715,553,000 | $174,000 | $1,200,000 | $61,250 | $1,849,000 |
| Home Purchase | 538 | $130,772,000 | $219,666 | $4,230,000 | $86,666 | $1,200,000 |
| Home Improvement | 34 | $1,993,000 | $68,666 | $340,000 | $62,000 | $144,000 |
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 | 2,411 | $525,333,000 | $173,500 | $4,230,000 | $67,000 | $1,560,000 |
| Not Provided | 861 | $197,338,000 | $207,000 | $1,000,000 | $75,666 | $1,849,000 |
| Black or African American | 154 | $37,260,000 | $268,000 | $680,000 | $86,500 | $660,000 |
| Hispanic | 145 | $31,894,000 | $206,333 | $684,000 | $77,333 | $480,000 |
| Asian | 141 | $36,316,000 | $255,500 | $665,000 | $86,000 | $840,000 |
| Native Hawaiian or Other Pacific Islander | 68 | $15,255,000 | $170,500 | $492,000 | $66,000 | $744,000 |
| American Indian or Alaskan Native | 27 | $4,922,000 | $190,333 | $320,000 | $66,666 | $192,000 |
| 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) | 3,807 | $848,318,000 | $174,750 | $4,230,000 | $64,250 | $1,849,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 1,664 | $377,525,000 | $178,000 | $4,230,000 | $57,750 | $1,560,000 |
| Application Withdrawn By Applicant | 889 | $201,183,000 | $204,333 | $3,995,000 | $83,333 | $966,000 |
| File Closed For Incompleteness | 838 | $189,450,000 | $206,333 | $855,000 | $88,666 | $1,849,000 |
| Loan Originated | 372 | $72,245,000 | $187,666 | $1,000,000 | $87,333 | $840,000 |
| Application Approved But Not Accepted | 44 | $7,915,000 | $168,000 | $350,000 | $62,666 | $612,000 |
| 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 | 712 | $152,753,000 | $174,250 | $1,200,000 | $57,250 | $900,000 |
| Debt-To-Income Ratio | 384 | $97,383,000 | $231,333 | $780,000 | $51,333 | $398,000 |
| Other | 253 | $59,586,000 | $204,666 | $4,230,000 | $75,333 | $1,200,000 |
| Credit Application Incomplete | 120 | $25,662,000 | $202,666 | $700,000 | $69,333 | $384,000 |
| Collateral | 100 | $22,549,000 | $197,333 | $530,000 | $76,000 | $1,560,000 |
| Unverifiable Information | 42 | $9,091,000 | $221,666 | $550,000 | $53,333 | $114,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 30 | $5,523,000 | $172,666 | $495,000 | $88,666 | $420,000 |
| Employment History | 23 | $4,978,000 | $190,000 | $440,000 | $88,000 | $375,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ditech.Com LLC F/K/A Ditech.Co's 2005 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 Ditech.Com LLC F/K/A Ditech.Co'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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