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records Ditech.Com LLC F/K/A Ditech.Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| 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 | 755 | $ 195,982,000 | $ 259,578 | $ 88,000 |
| Cambridge-Newton-Framingham, MA | 458 | $ 115,027,000 | $ 251,150 | $ 82,000 |
| Worcester, MA | 444 | $ 91,893,000 | $ 206,966 | $ 100,000 |
| Springfield, MA | 406 | $ 61,911,000 | $ 152,490 | $ 59,000 |
| Essex County, MA | 341 | $ 88,341,000 | $ 259,064 | $ 80,000 |
| Honolulu, HI | 309 | $ 83,058,000 | $ 268,796 | $ 88,000 |
| Barnstable Town, MA | 164 | $ 41,269,000 | $ 251,640 | $ 99,000 |
| Cheyenne, WY | 83 | $ 9,776,000 | $ 117,783 | $ 57,000 |
| Pittsfield, MA | 78 | $ 10,776,000 | $ 138,153 | $ 87,000 |
| Casper, WY | 46 | $ 5,232,000 | $ 113,739 | $ 64,000 |
| Portland-South Portland-Biddeford, ME | 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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