Ditech.Com LLC F/K/A Ditech.Co Mortgage Lending & HMDA Data, 2004
In 2004, Ditech.Com LLC F/K/A Ditech.Co of Ft. Washington, PA reported 7,103 mortgage applications totaling $990.7 million. The average application was for $139,477, and applicants reported an average income of $79,119. 25% of its applications resulted in an originated loan and 37% were denied. Its largest markets were Boston-Quincy, MA (1,444), Cambridge-Newton-Framingham, MA (1,012) and Worcester, MA (874) (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 | 7,103 |
| Total Mortgage Loan Application Amount | $990,708,000 |
| Average Mortgage Loan Application Amount | $139,477 |
| Highest Mortgage Loan Application Amount | $1,317,000 |
| Average Applicant Income | $79,119 |
| Highest Applicant Income | $1,614,000 |
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records Ditech.Com LLC F/K/A Ditech.Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Boston-Quincy, MA | 1,444 | $ 223,353,000 | $ 154,676 | $ 90,000 |
| Cambridge-Newton-Framingham, MA | 1,012 | $ 162,541,000 | $ 160,613 | $ 96,000 |
| Worcester, MA | 874 | $ 113,059,000 | $ 129,358 | $ 78,000 |
| Springfield, MA | 660 | $ 62,389,000 | $ 94,528 | $ 73,000 |
| Essex County, MA | 611 | $ 90,464,000 | $ 148,058 | $ 77,000 |
| Honolulu, HI | 389 | $ 69,191,000 | $ 177,868 | $ 87,000 |
| Barnstable Town, MA | 299 | $ 43,501,000 | $ 145,488 | $ 83,000 |
| Cheyenne, WY | 115 | $ 11,096,000 | $ 96,486 | $ 63,000 |
| Pittsfield, MA | 115 | $ 11,791,000 | $ 102,530 | $ 65,000 |
| Casper, WY | 91 | $ 6,957,000 | $ 76,450 | $ 76,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 141,000 | $ 141,000 | $ 590,000 |
| Richmond, VA | 1 | $ 185,000 | $ 185,000 | $ 32,000 |
| Warren-Farmington Hills-Troy, MI | 1 | $ 177,000 | $ 177,000 | $ 125,000 |
Mortgage Loan Application Detail Totals for Ditech.Com LLC F/K/A Ditech.Co in 2004
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 | 3,873 | $706,232,000 | $166,857 | $900,000 | $68,142 | $960,000 |
| Home Improvement | 2,490 | $117,802,000 | $58,600 | $750,000 | $65,800 | $1,614,000 |
| Home Purchase | 740 | $166,674,000 | $198,800 | $1,317,000 | $191,800 | $995,000 |
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 | 4,412 | $591,849,000 | $140,142 | $980,000 | $139,857 | $995,000 |
| Not Provided | 1,855 | $271,516,000 | $147,800 | $1,317,000 | $87,800 | $960,000 |
| Asian | 261 | $40,513,000 | $137,500 | $630,000 | $128,250 | $1,614,000 |
| Hispanic | 217 | $33,976,000 | $160,250 | $1,000,000 | $63,250 | $852,000 |
| Black or African American | 202 | $28,330,000 | $126,200 | $660,000 | $68,000 | $481,000 |
| Native Hawaiian or Other Pacific Islander | 93 | $16,595,000 | $170,000 | $650,000 | $81,000 | $956,000 |
| American Indian or Alaskan Native | 38 | $4,715,000 | $110,750 | $398,000 | $66,000 | $585,000 |
| Not applicable | 25 | $3,214,000 | $125,666 | $322,000 | $63,000 | $208,000 |
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) | 7,103 | $990,708,000 | $142,222 | $1,317,000 | $124,555 | $1,614,000 |
| 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 | 2,594 | $333,209,000 | $139,857 | $800,000 | $71,285 | $973,000 |
| Loan Originated | 1,783 | $251,695,000 | $136,250 | $560,000 | $78,250 | $500,000 |
| File Closed For Incompleteness | 1,461 | $223,751,000 | $152,000 | $1,317,000 | $80,250 | $1,614,000 |
| Application Withdrawn By Applicant | 1,009 | $147,132,000 | $144,333 | $1,000,000 | $155,000 | $960,000 |
| Application Approved But Not Accepted | 256 | $34,921,000 | $135,250 | $604,000 | $78,250 | $400,000 |
| 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 | 1,021 | $113,803,000 | $115,600 | $750,000 | $65,600 | $966,000 |
| Other | 552 | $77,527,000 | $142,000 | $800,000 | $76,400 | $960,000 |
| Debt-To-Income Ratio | 469 | $63,507,000 | $143,750 | $640,000 | $57,250 | $874,000 |
| Credit Application Incomplete | 302 | $43,478,000 | $135,800 | $750,000 | $93,200 | $973,000 |
| Collateral | 117 | $15,365,000 | $105,250 | $588,000 | $68,750 | $580,000 |
| Unverifiable Information | 78 | $11,231,000 | $164,000 | $622,000 | $73,500 | $900,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 30 | $5,007,000 | $205,750 | $495,000 | $74,750 | $536,000 |
| Employment History | 23 | $3,025,000 | $175,750 | $518,000 | $91,750 | $744,000 |
| 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 2004 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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