Dmd Financial Corporation Mortgage Lending & HMDA Data, 2022

In 2022, Dmd Financial Corporation of Dallas, TX reported 18 mortgage applications totaling $6.9 million, up 12% from 2021. The average application was for $382,222, and applicants reported an average income of $168,444. 0% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Dallas-Plano-Irving, TX (6), San Antonio-New Braunfels, TX (3) and Austin-Round Rock, TX (1) (applications in parentheses).

Mortgage Company & Address Dmd Financial Corporation

Dallas, TX 75240
Tel #: available with data download
Federal Regulator * available with data download
Years 2024  2023  2022  2021  2020  2019  2018  2017  
Total Number of Mortgage Applications 18
Total Mortgage Loan Application Amount $6,880,000
Average Mortgage Loan Application Amount $382,222
Highest Mortgage Loan Application Amount $525,000
Average Applicant Income $168,444
Highest Applicant Income $588,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Dmd Financial Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Dmd Financial Corporation in 2022

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
Home Purchase 13 $5,205,000 $400,000 $525,000 $177,000 $588,000
Cash-out Refinancing 4 $1,300,000 $325,000 $435,000 $130,000 $158,000
Refinancing 1 $375,000 $375,000 $375,000 $211,000 $211,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0

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
Asian 7 $2,705,000 $386,000 $525,000 $129,000 $166,000
Not Provided 4 $1,670,000 $417,000 $455,000 $267,000 $588,000
White 4 $1,310,000 $327,000 $415,000 $140,000 $204,000
Hispanic 3 $1,195,000 $398,000 $485,000 $166,000 $211,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
Not applicable 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 18 $6,880,000 $382,000 $525,000 $168,000 $588,000
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 14 $5,260,000 $375,000 $495,000 $174,000 $588,000
File Closed For Incompleteness 2 $870,000 $435,000 $525,000 $121,000 $122,000
Application Approved But Not Accepted 2 $750,000 $375,000 $375,000 $173,000 $211,000
Application Denied By Financial Institution 0 $0 $0 $0 $0 $0
Loan Originated 0 $0 $0 $0 $0 $0
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
Not applicable 18 $6,880,000 $382,000 $525,000 $168,000 $588,000
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Dmd Financial Corporation's 2022 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 Dmd Financial Corporation'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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