Ditech.Com LLC F/K/A Ditech.Co Mortgage Lending & HMDA Data, 2006
In 2006, Ditech.Com LLC F/K/A Ditech.Co of Ft. Washington, PA reported 3,863 mortgage applications totaling $868.4 million, up 1% from 2005. The average application was for $224,797, and applicants reported an average income of $78,718. 7% of its applications resulted in an originated loan and 49% were denied. Its largest markets were Boston-Quincy, MA (747), Worcester, MA (469) and Cambridge-Newton-Framingham, MA (468) (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 | 3,863 |
| Total Mortgage Loan Application Amount | $868,392,000 |
| Average Mortgage Loan Application Amount | $224,797 |
| Highest Mortgage Loan Application Amount | $4,700,000 |
| Average Applicant Income | $78,718 |
| Highest Applicant Income | $2,894,000 |
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records Ditech.Com LLC F/K/A Ditech.Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 747 | $ 187,469,000 | $ 250,962 | $ 88,000 |
| Worcester, MA | 469 | $ 98,870,000 | $ 210,810 | $ 74,000 |
| Cambridge-Newton-Framingham, MA | 468 | $ 120,915,000 | $ 258,365 | $ 83,000 |
| Springfield, MA | 465 | $ 72,321,000 | $ 155,529 | $ 64,000 |
| Essex County, MA | 311 | $ 80,716,000 | $ 259,536 | $ 86,000 |
| Honolulu, HI | 289 | $ 88,120,000 | $ 304,913 | $ 85,000 |
| Providence-New Bedford-Fall River, RI-MA | 281 | $ 61,231,000 | $ 217,903 | $ 70,000 |
| Barnstable Town, MA | 140 | $ 32,573,000 | $ 232,664 | $ 90,000 |
| Pittsfield, MA | 82 | $ 10,869,000 | $ 132,548 | $ 65,000 |
| Cheyenne, WY | 81 | $ 10,351,000 | $ 127,790 | $ 71,000 |
| Casper, WY | 41 | $ 4,779,000 | $ 116,560 | $ 53,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 400,000 | $ 400,000 | $ 30,000 |
Mortgage Loan Application Detail Totals for Ditech.Com LLC F/K/A Ditech.Co in 2006
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 | 3,148 | $743,569,000 | $236,000 | $4,700,000 | $77,000 | $2,894,000 |
| Home Purchase | 460 | $108,068,000 | $234,000 | $1,142,000 | $87,000 | $1,140,000 |
| Home Improvement | 255 | $16,755,000 | $65,000 | $510,000 | $85,000 | $620,000 |
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 | 2,006 | $431,059,000 | $214,000 | $4,700,000 | $76,000 | $972,000 |
| Not Provided | 1,361 | $309,664,000 | $227,000 | $1,200,000 | $86,000 | $2,894,000 |
| Hispanic | 167 | $39,855,000 | $238,000 | $1,142,000 | $71,000 | $840,000 |
| Black or African American | 139 | $35,877,000 | $258,000 | $675,000 | $65,000 | $240,000 |
| Asian | 95 | $26,497,000 | $278,000 | $1,000,000 | $94,000 | $1,140,000 |
| Native Hawaiian or Other Pacific Islander | 68 | $18,984,000 | $279,000 | $756,000 | $69,000 | $270,000 |
| American Indian or Alaskan Native | 27 | $6,456,000 | $239,000 | $560,000 | $61,000 | $129,000 |
| 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) | 3,863 | $868,392,000 | $224,000 | $4,700,000 | $79,000 | $2,894,000 |
| 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 | 1,895 | $436,052,000 | $230,000 | $4,700,000 | $73,000 | $2,894,000 |
| Application Withdrawn By Applicant | 869 | $193,479,000 | $222,000 | $1,080,000 | $84,000 | $840,000 |
| File Closed For Incompleteness | 814 | $180,886,000 | $222,000 | $1,142,000 | $84,000 | $1,140,000 |
| Loan Originated | 259 | $51,892,000 | $200,000 | $799,000 | $89,000 | $750,000 |
| Application Approved But Not Accepted | 26 | $6,083,000 | $233,000 | $509,000 | $98,000 | $460,000 |
| 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 | 813 | $172,899,000 | $212,000 | $4,700,000 | $80,000 | $2,894,000 |
| Debt-To-Income Ratio | 480 | $123,733,000 | $257,000 | $1,600,000 | $56,000 | $737,000 |
| Other | 330 | $78,246,000 | $237,000 | $3,500,000 | $74,000 | $644,000 |
| Collateral | 101 | $24,029,000 | $237,000 | $706,000 | $81,000 | $972,000 |
| Credit Application Incomplete | 90 | $18,455,000 | $205,000 | $575,000 | $89,000 | $972,000 |
| Unverifiable Information | 31 | $7,439,000 | $239,000 | $810,000 | $65,000 | $173,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 29 | $6,894,000 | $237,000 | $522,000 | $88,000 | $357,000 |
| Employment History | 20 | $4,235,000 | $211,000 | $410,000 | $73,000 | $207,000 |
| 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 2006 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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