Dovenmuehle Funding, Inc Mortgage Lending & HMDA Data, 2004

In 2004, Dovenmuehle Funding, Inc of Lake Zurich, IL reported 351 mortgage applications totaling $37.6 million, down 92% from 2003. The average application was for $107,150, and applicants reported an average income of $71,603. 59% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (44), Atlanta-Sandy Springs-Marietta, GA (31) and Shreveport-Bossier City, LA (7) (applications in parentheses).

Mortgage Company & Address Dovenmuehle Funding, Inc
1 Corporate Drive Suite 360
Lake Zurich, IL 60047
Federal Regulator * available with data download
Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 351
Total Mortgage Loan Application Amount $37,610,000
Average Mortgage Loan Application Amount $107,150
Highest Mortgage Loan Application Amount $334,000
Average Applicant Income $71,603
Highest Applicant Income $1,404,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Dovenmuehle Funding, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Dovenmuehle Funding, Inc by Metropolitan Area in 2004

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Chicago-Naperville-Joliet, IL 44 $ 4,398,000 $ 99,954 $ 58,000
Atlanta-Sandy Springs-Marietta, GA 31 $ 3,440,000 $ 110,967 $ 68,000
Shreveport-Bossier City, LA 7 $ 433,000 $ 61,857 $ 40,000
Los Angeles-Long Beach-Glendale, CA 6 $ 843,000 $ 140,500 $ 49,000
Tampa-St. Petersburg-Clearwater, FL 6 $ 516,000 $ 86,000 $ 72,000
Virginia Beach-Norfolk-Newport News, VA-NC 6 $ 619,000 $ 103,166 $ 69,000
Minneapolis-St. Paul-Bloomington, MN-WI 5 $ 741,000 $ 148,200 $ 69,000
Columbia, SC 4 $ 283,000 $ 70,750 $ 66,000
Dallas-Plano-Irving, TX 4 $ 348,000 $ 87,000 $ 100,000
Denver-Aurora, CO 4 $ 557,000 $ 139,250 $ 89,000
Durham, NC 4 $ 350,000 $ 87,500 $ 78,000
Gary, IN 4 $ 553,000 $ 138,250 $ 90,000
Hartford-West Hartford-East Hartford, CT 4 $ 465,000 $ 116,250 $ 78,000
Miami-Miami Beach-Kendall, FL 4 $ 358,000 $ 89,500 $ 67,000
San Francisco-San Mateo-Redwood City, CA 4 $ 569,000 $ 142,250 $ 110,000
Santa Ana-Anaheim-Irvine, CA 4 $ 854,000 $ 213,500 $ 91,000
St. Louis, MO-IL 4 $ 328,000 $ 82,000 $ 72,000
Warren-Farmington Hills-Troy, MI 4 $ 502,000 $ 125,500 $ 81,000
Baton Rouge, LA 3 $ 196,000 $ 65,333 $ 54,000
Bethesda-Frederick-Gaithersburg, MD 3 $ 468,000 $ 156,000 $ 173,000
Cincinnati-Middletown, OH-KY-IN 3 $ 221,000 $ 73,666 $ 47,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 3 $ 292,000 $ 97,333 $ 35,000
Gulfport-Biloxi, MS 3 $ 315,000 $ 105,000 $ 84,000
Huntsville, AL 3 $ 256,000 $ 85,333 $ 74,000
Indianapolis, IN 3 $ 214,000 $ 71,333 $ 42,000
New Haven-Milford, CT 3 $ 476,000 $ 158,666 $ 65,000
Norwich-New London, CT 3 $ 293,000 $ 97,666 $ 51,000
Oklahoma City, OK 3 $ 139,000 $ 46,333 $ 32,000
Providence-New Bedford-Fall River, RI-MA 3 $ 347,000 $ 115,666 $ 53,000
Richmond, VA 3 $ 370,000 $ 123,333 $ 87,000
West Palm Beach-Boca Raton-Boynton Beach, FL 3 $ 368,000 $ 122,666 $ 185,000
Augusta-Richmond County, GA-SC 2 $ 112,000 $ 56,000 $ 94,000
Baltimore-Towson, MD 2 $ 125,000 $ 62,500 $ 49,000
Boston-Quincy, MA 2 $ 397,000 $ 198,500 $ 98,000
Cape Coral-Fort Myers, FL 2 $ 129,000 $ 64,500 $ 46,000
Columbus, OH 2 $ 305,000 $ 152,500 $ 80,000
Dayton, OH 2 $ 205,000 $ 102,500 $ 108,000
Gainesville, GA 2 $ 179,000 $ 89,500 $ 55,000
Houston-Baytown-Sugar Land, TX 2 $ 172,000 $ 86,000 $ 71,000
Laredo, TX 2 $ 163,000 $ 81,500 $ 77,000
Lynchburg, VA 2 $ 208,000 $ 104,000 $ 52,000
Macon, GA 2 $ 146,000 $ 73,000 $ 74,000
Memphis, TN-MS-AR 2 $ 264,000 $ 132,000 $ 61,000
Modesto, CA 2 $ 174,000 $ 87,000 $ 55,000
New Orleans-Metairie-Kenner, LA 2 $ 166,000 $ 83,000 $ 65,000
Orlando, FL 2 $ 183,000 $ 91,500 $ 75,000
Raleigh-Cary, NC 2 $ 319,000 $ 159,500 $ 123,000
Wilmington, NC 2 $ 250,000 $ 125,000 $ 734,000
Anderson, SC 1 $ 56,000 $ 56,000 $ 38,000
Athens-Clarke County, GA 1 $ 104,000 $ 104,000 $ 175,000
Barnstable Town, MA 1 $ 210,000 $ 210,000 $ 67,000
Boulder, CO 1 $ 107,000 $ 107,000 $ 59,000
Bremerton-Silverdale, WA 1 $ 170,000 $ 170,000 $ 96,000
Bridgeport-Stamford-Norwalk, CT 1 $ 200,000 $ 200,000 $ 135,000
Brunswick, GA 1 $ 105,000 $ 105,000 $ 85,000
Cambridge-Newton-Framingham, MA 1 $ 259,000 $ 259,000 $ 47,000
Charlotte-Gastonia-Concord, NC-SC 1 $ 63,000 $ 63,000 $ 51,000
Cleveland-Elyria-Mentor, OH 1 $ 55,000 $ 55,000 $ 100,000
Corvallis, OR 1 $ 44,000 $ 44,000 $ 27,000
Decatur, IL 1 $ 69,000 $ 69,000 $ 38,000
Detroit-Livonia-Dearborn, MI 1 $ 75,000 $ 75,000 $ 28,000
El Paso, TX 1 $ 147,000 $ 147,000 $ 145,000
Essex County, MA 1 $ 110,000 $ 110,000 $ 46,000
Eugene-Springfield, OR 1 $ 107,000 $ 107,000 $ 54,000
Fort Worth-Arlington, TX 1 $ 124,000 $ 124,000 $ 144,000
Fresno, CA 1 $ 100,000 $ 100,000 $ 60,000
Gainesville, FL 1 $ 39,000 $ 39,000 $ 130,000
Grand Rapids-Wyoming, MI 1 $ 83,000 $ 83,000 $ 49,000
Greenville, SC 1 $ 54,000 $ 54,000 $ 15,000
Hagerstown-Martinsburg, MD-WV 1 $ 154,000 $ 154,000 $ 78,000
Hanford-Corcoran, CA 1 $ 125,000 $ 125,000 $ 43,000
Jackson, TN 1 $ 113,000 $ 113,000 $ 62,000
Jacksonville, FL 1 $ 102,000 $ 102,000 $ 87,000
Kalamazoo-Portage, MI 1 $ 86,000 $ 86,000 $ 102,000
Kansas City, MO-KS 1 $ 168,000 $ 168,000 $ 116,000
La Crosse, WI-MN 1 $ 48,000 $ 48,000 $ 60,000
Lafayette, LA 1 $ 66,000 $ 66,000 $ 54,000
Lake County-Kenosha County, IL-WI 1 $ 104,000 $ 104,000 $ 33,000
Lakeland, FL 1 $ 45,000 $ 45,000 $ 70,000
Lansing-East Lansing, MI 1 $ 72,000 $ 72,000 $ 163,000
Las Vegas-Paradise, NV 1 $ 77,000 $ 77,000 $ 45,000
Longview, WA 1 $ 113,000 $ 113,000 $ 68,000
Muskegon-Norton Shores, MI 1 $ 55,000 $ 55,000 $ 60,000
Naples-Marco Island, FL 1 $ 117,000 $ 117,000 $ 44,000
Nashville-Davidson--Murfreesboro, TN 1 $ 47,000 $ 47,000 $ 32,000
Oakland-Fremont-Hayward, CA 1 $ 47,000 $ 47,000 $ 24,000
Omaha-Council Bluffs, NE-IA 1 $ 74,000 $ 74,000 $ 55,000
Oxnard-Thousand Oaks-Ventura, CA 1 $ 70,000 $ 70,000 $ 35,000
Portland-South Portland-Biddeford, ME 1 $ 145,000 $ 145,000 $ 93,000
Riverside-San Bernardino-Ontario, CA 1 $ 73,000 $ 73,000 $ 102,000
Roanoke, VA 1 $ 100,000 $ 100,000 $ 44,000
Rockingham County-Strafford County, NH 1 $ 244,000 $ 244,000 $ 82,000
Salisbury, MD 1 $ 63,000 $ 63,000 $ 50,000
San Diego-Carlsbad-San Marcos, CA 1 $ 222,000 $ 222,000 $ 62,000
Seattle-Bellevue-Everett, WA 1 $ 33,000 $ 33,000 $ 32,000
Sherman-Denison, TX 1 $ 37,000 $ 37,000 $ 18,000
Tacoma, WA 1 $ 112,000 $ 112,000 $ 58,000
Toledo, OH 1 $ 71,000 $ 71,000 $ 35,000
Valdosta, GA 1 $ 43,000 $ 43,000 $ 30,000
Vallejo-Fairfield, CA 1 $ 230,000 $ 230,000 $ 59,000
Warner Robins, GA 1 $ 135,000 $ 135,000 $ 123,000

Mortgage Loan Application Detail Totals for Dovenmuehle Funding, Inc 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 327 $34,525,000 $104,709 $334,000 $72,967 $1,404,000
Home Purchase 24 $3,085,000 $146,266 $334,000 $74,466 $130,000
Home Improvement 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
White 287 $30,021,000 $108,100 $334,000 $69,933 $1,404,000
Hispanic 25 $2,802,000 $107,571 $204,000 $83,714 $149,000
Black or African American 16 $1,570,000 $95,625 $175,000 $92,625 $273,000
Not Provided 15 $2,084,000 $138,583 $334,000 $87,083 $315,000
Asian 5 $935,000 $193,750 $256,000 $69,000 $150,000
American Indian or Alaskan Native 3 $198,000 $66,000 $73,000 $86,333 $102,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 351 $37,610,000 $108,709 $334,000 $73,935 $1,404,000
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
Loan Originated 207 $21,460,000 $103,354 $312,000 $75,677 $1,404,000
Application Denied By Financial Institution 84 $9,695,000 $124,000 $334,000 $66,409 $183,000
Application Withdrawn By Applicant 60 $6,455,000 $112,086 $334,000 $71,608 $240,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 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
Credit History 42 $4,724,000 $129,111 $334,000 $74,055 $183,000
Credit Application Incomplete 29 $3,581,000 $123,071 $334,000 $67,071 $144,000
Debt-To-Income Ratio 8 $1,036,000 $137,333 $323,000 $43,833 $88,000
Collateral 5 $354,000 $73,500 $134,000 $46,500 $70,000
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 Dovenmuehle Funding, Inc'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 Dovenmuehle Funding, Inc'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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