Ditech.Com LLC F/K/A Ditech.Co Mortgage Lending & HMDA Data, 2008
In 2008, Ditech.Com LLC F/K/A Ditech.Co of Ft. Washington, PA reported 2,987 mortgage applications totaling $743.2 million, down 22% from 2007. The average application was for $248,817, and applicants reported an average income of $105,651. 6% of its applications resulted in an originated loan and 39% were denied. Its largest markets were Boston-Quincy, MA (553), Cambridge-Newton-Framingham, MA (424) and Worcester, MA (280) (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 | 2,987 |
| Total Mortgage Loan Application Amount | $743,219,000 |
| Average Mortgage Loan Application Amount | $248,817 |
| Highest Mortgage Loan Application Amount | $1,900,000 |
| Average Applicant Income | $105,651 |
| Highest Applicant Income | $1,500,000 |
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records Ditech.Com LLC F/K/A Ditech.Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Ditech.Com LLC F/K/A Ditech.Co in 2008
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 | 2,324 | $588,705,000 | $253,000 | $1,900,000 | $106,000 | $1,500,000 |
| Home Purchase | 559 | $134,234,000 | $240,000 | $1,125,000 | $106,000 | $804,000 |
| Home Improvement | 104 | $20,280,000 | $195,000 | $945,000 | $96,000 | $360,000 |
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 | 1,839 | $434,315,000 | $236,000 | $1,900,000 | $103,000 | $1,500,000 |
| Not Provided | 788 | $207,829,000 | $263,000 | $1,005,000 | $115,000 | $824,000 |
| Asian | 112 | $36,050,000 | $321,000 | $740,000 | $132,000 | $720,000 |
| Hispanic | 107 | $26,126,000 | $244,000 | $756,000 | $85,000 | $398,000 |
| Black or African American | 71 | $18,387,000 | $258,000 | $631,000 | $85,000 | $330,000 |
| Native Hawaiian or Other Pacific Islander | 46 | $15,443,000 | $335,000 | $750,000 | $84,000 | $240,000 |
| American Indian or Alaskan Native | 24 | $5,069,000 | $211,000 | $650,000 | $79,000 | $270,000 |
| 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) | 2,987 | $743,219,000 | $248,000 | $1,900,000 | $106,000 | $1,500,000 |
| 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 Withdrawn By Applicant | 1,168 | $300,322,000 | $257,000 | $1,125,000 | $95,000 | $741,000 |
| Application Denied By Financial Institution | 1,162 | $280,920,000 | $241,000 | $1,900,000 | $78,000 | $1,500,000 |
| File Closed For Incompleteness | 445 | $108,423,000 | $243,000 | $900,000 | $210,000 | $912,000 |
| Loan Originated | 188 | $48,256,000 | $256,000 | $625,000 | $100,000 | $425,000 |
| Application Approved But Not Accepted | 24 | $5,298,000 | $220,000 | $410,000 | $85,000 | $180,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ditech.Com LLC F/K/A Ditech.Co's 2008 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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