Dynamic Capital Mortgage, Inc Mortgage Lending & HMDA Data, 2008
In 2008, Dynamic Capital Mortgage, Inc of Brookline, MA reported 2,294 mortgage applications totaling $635.1 million, up 86% from 2007. The average application was for $276,831, and applicants reported an average income of $122,039. 86% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (429), Boston-Quincy, MA (251) and Baltimore-Towson, MD (217) (applications in parentheses).
| Mortgage Company & Address | Dynamic Capital Mortgage, Inc 1371 Beacon Street Brookline, MA 02446 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 |
| Total Number of Mortgage Applications | 2,294 |
| Total Mortgage Loan Application Amount | $635,051,000 |
| Average Mortgage Loan Application Amount | $276,831 |
| Highest Mortgage Loan Application Amount | $1,750,000 |
| Average Applicant Income | $122,039 |
| Highest Applicant Income | $1,991,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Dynamic Capital Mortgage, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 429 | $ 123,537,000 | $ 287,965 | $ 112,200 |
| Boston-Quincy, MA | 251 | $ 85,987,000 | $ 342,577 | $ 163,000 |
| Baltimore-Towson, MD | 217 | $ 55,623,000 | $ 256,327 | $ 116,000 |
| Bethesda-Frederick-Gaithersburg, MD | 154 | $ 59,022,000 | $ 383,259 | $ 173,000 |
| Greensboro-High Point, NC | 133 | $ 18,781,000 | $ 141,210 | $ 63,000 |
| Cambridge-Newton-Framingham, MA | 125 | $ 46,392,000 | $ 371,136 | $ 148,000 |
| Camden, NJ | 117 | $ 27,698,000 | $ 236,735 | $ 100,000 |
| New York-White Plains-Wayne, NY-NJ | 92 | $ 42,873,000 | $ 466,010 | $ 198,989 |
| Winston-Salem, NC | 84 | $ 11,948,000 | $ 142,238 | $ 55,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 64 | $ 14,531,000 | $ 227,046 | $ 79,843 |
| Trenton-Ewing, NJ | 37 | $ 10,834,000 | $ 292,810 | $ 101,000 |
| Raleigh-Cary, NC | 33 | $ 6,464,000 | $ 195,878 | $ 79,000 |
| Peabody, MA | 28 | $ 8,722,000 | $ 311,500 | $ 138,000 |
| Philadelphia, PA | 28 | $ 5,839,000 | $ 208,535 | $ 87,000 |
| Charlotte-Gastonia-Concord, NC-SC | 27 | $ 4,535,000 | $ 167,962 | $ 72,000 |
| Worcester, MA | 27 | $ 6,886,000 | $ 255,037 | $ 133,000 |
| Providence-New Bedford-Fall River, RI-MA | 26 | $ 7,698,000 | $ 296,076 | $ 102,538 |
| Barnstable Town, MA | 16 | $ 4,429,000 | $ 276,812 | $ 136,000 |
| Edison-New Brunswick, NJ | 16 | $ 5,133,000 | $ 320,812 | $ 118,000 |
| Hickory-Lenoir-Morganton, NC | 14 | $ 1,552,000 | $ 110,857 | $ 54,000 |
| Wilmington, DE-MD-NJ | 13 | $ 3,154,000 | $ 242,615 | $ 82,384 |
| Richmond, VA | 12 | $ 2,980,000 | $ 248,333 | $ 80,000 |
| Wilmington, NC | 12 | $ 3,761,000 | $ 313,416 | $ 180,000 |
| Chicago-Naperville-Joliet, IL | 10 | $ 4,018,000 | $ 401,800 | $ 202,000 |
| Nassau-Suffolk, NY | 10 | $ 3,059,000 | $ 305,900 | $ 100,000 |
| Durham, NC | 9 | $ 1,378,000 | $ 153,111 | $ 50,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 8 | $ 1,573,000 | $ 196,625 | $ 111,000 |
| Newark-Union, NJ-PA | 8 | $ 3,389,000 | $ 423,625 | $ 154,750 |
| Asheville, NC | 7 | $ 1,687,000 | $ 241,000 | $ 95,000 |
| Rocky Mount, NC | 7 | $ 1,044,000 | $ 149,142 | $ 123,000 |
| Bradenton-Sarasota-Venice, FL | 6 | $ 1,521,000 | $ 253,500 | $ 150,000 |
| Rockingham County-Strafford County, NH | 6 | $ 1,562,000 | $ 260,333 | $ 133,000 |
| Scranton--Wilkes-Barre, PA | 6 | $ 684,000 | $ 114,000 | $ 48,000 |
| Bridgeport-Stamford-Norwalk, CT | 5 | $ 3,245,000 | $ 649,000 | $ 260,000 |
| Burlington, NC | 5 | $ 579,000 | $ 115,800 | $ 79,000 |
| Salisbury, MD | 5 | $ 628,000 | $ 125,600 | $ 59,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 5 | $ 1,351,000 | $ 270,200 | $ 311,000 |
| Charlottesville, VA | 4 | $ 1,046,000 | $ 261,500 | $ 535,000 |
| Columbia, SC | 4 | $ 814,000 | $ 203,500 | $ 57,000 |
| Denver-Aurora, CO | 4 | $ 1,295,000 | $ 323,750 | $ 174,000 |
| Hartford-West Hartford-East Hartford, CT | 4 | $ 1,097,000 | $ 274,250 | $ 190,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 1,226,000 | $ 306,500 | $ 131,000 |
| Portland-South Portland-Biddeford, ME | 4 | $ 1,309,000 | $ 327,250 | $ 134,000 |
| Atlantic City-Hammonton, NJ | 3 | $ 506,000 | $ 168,666 | $ 102,000 |
| Fayetteville, NC | 3 | $ 333,000 | $ 111,000 | $ 75,000 |
| Florence, SC | 3 | $ 354,000 | $ 118,000 | $ 102,000 |
| Hagerstown-Martinsburg, MD-WV | 3 | $ 544,000 | $ 181,333 | $ 78,666 |
| Lebanon, PA | 3 | $ 460,000 | $ 153,333 | $ 52,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 3 | $ 1,103,000 | $ 367,666 | $ 101,000 |
| Ocean City, NJ | 3 | $ 1,219,000 | $ 406,333 | $ 268,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 3 | $ 1,114,000 | $ 371,333 | $ 101,000 |
| Springfield, MA | 3 | $ 740,000 | $ 246,666 | $ 86,000 |
| Winchester, VA-WV | 3 | $ 616,000 | $ 205,333 | $ 119,000 |
| York-Hanover, PA | 3 | $ 991,000 | $ 330,333 | $ 128,000 |
| Albany-Schenectady-Troy, NY | 2 | $ 591,000 | $ 295,500 | $ 163,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 834,000 | $ 417,000 | $ 150,000 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 533,000 | $ 266,500 | $ 184,000 |
| Greenville, NC | 2 | $ 215,000 | $ 107,500 | $ 88,000 |
| Lynchburg, VA | 2 | $ 467,000 | $ 233,500 | $ 150,000 |
| Manchester-Nashua, NH | 2 | $ 448,000 | $ 224,000 | $ 78,000 |
| New Haven-Milford, CT | 2 | $ 813,000 | $ 406,500 | $ 189,000 |
| Pittsburgh, PA | 2 | $ 447,000 | $ 223,500 | $ 82,000 |
| Reading, PA | 2 | $ 299,000 | $ 149,500 | $ 58,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 614,000 | $ 307,000 | $ 598,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 893,000 | $ 446,500 | $ 388,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 162,000 | $ 162,000 | $ 73,000 |
| Anderson, SC | 1 | $ 385,000 | $ 385,000 | $ 103,000 |
| Bangor, ME | 1 | $ 154,000 | $ 154,000 | $ 58,000 |
| Binghamton, NY | 1 | $ 99,000 | $ 99,000 | $ 43,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 154,000 | $ 154,000 | $ 51,000 |
| Dover, DE | 1 | $ 243,000 | $ 243,000 | $ 117,000 |
| Jacksonville, FL | 1 | $ 137,000 | $ 137,000 | $ 39,000 |
| Kingston, NY | 1 | $ 137,000 | $ 137,000 | $ 25,000 |
| Lakeland-Winter Haven, FL | 1 | $ 286,000 | $ 286,000 | $ 122,000 |
| Niles-Benton Harbor, MI | 1 | $ 173,000 | $ 173,000 | $ 160,000 |
| Norwich-New London, CT | 1 | $ 196,000 | $ 196,000 | $ 71,000 |
| Orlando-Kissimmee, FL | 1 | $ 417,000 | $ 417,000 | $ 108,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 137,000 | $ 137,000 | $ 172,000 |
| Springfield, IL | 1 | $ 89,000 | $ 89,000 | $ 54,000 |
| Syracuse, NY | 1 | $ 138,000 | $ 138,000 | $ 32,000 |
| Tyler, TX | 1 | $ 178,000 | $ 178,000 | $ 124,000 |
Mortgage Loan Application Detail Totals for Dynamic Capital Mortgage, Inc 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 | 1,296 | $363,524,000 | $280,000 | $1,675,000 | $129,000 | $1,991,000 |
| Home Purchase | 998 | $271,527,000 | $272,000 | $1,750,000 | $113,000 | $1,125,000 |
| 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 | 1,629 | $472,875,000 | $290,000 | $1,750,000 | $132,000 | $1,991,000 |
| Black or African American | 400 | $90,078,000 | $225,000 | $769,000 | $88,000 | $1,000,000 |
| Hispanic | 119 | $26,325,000 | $221,000 | $1,000,000 | $76,000 | $318,000 |
| Asian | 77 | $22,825,000 | $296,000 | $1,000,000 | $145,000 | $792,000 |
| Not Provided | 57 | $19,724,000 | $346,000 | $1,558,000 | $132,000 | $406,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $2,166,000 | $309,000 | $598,000 | $111,000 | $256,000 |
| American Indian or Alaskan Native | 5 | $1,058,000 | $211,000 | $245,000 | $90,000 | $222,000 |
| 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) | 1,473 | $478,820,000 | $325,000 | $1,750,000 | $153,000 | $1,991,000 |
| FHA-insured (Federal Housing Administration) | 786 | $147,863,000 | $188,000 | $350,000 | $65,000 | $282,000 |
| VA-guaranteed (Veterans Administration) | 35 | $8,368,000 | $239,000 | $344,000 | $78,000 | $181,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 1,981 | $549,253,000 | $277,000 | $1,750,000 | $122,000 | $1,991,000 |
| Application Approved But Not Accepted | 104 | $28,406,000 | $273,000 | $1,073,000 | $119,000 | $969,000 |
| Application Withdrawn By Applicant | 101 | $29,681,000 | $293,000 | $1,060,000 | $137,000 | $1,872,000 |
| Application Denied By Financial Institution | 83 | $21,584,000 | $260,000 | $920,000 | $115,000 | $800,000 |
| File Closed For Incompleteness | 25 | $6,127,000 | $245,000 | $730,000 | $102,000 | $263,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 11 | $2,292,000 | $208,000 | $417,000 | $61,000 | $141,000 |
| Unverifiable Information | 10 | $4,493,000 | $449,000 | $600,000 | $198,000 | $800,000 |
| Collateral | 5 | $1,495,000 | $299,000 | $648,000 | $153,000 | $336,000 |
| Credit History | 5 | $901,000 | $180,000 | $400,000 | $55,000 | $107,000 |
| Other | 5 | $1,569,000 | $313,000 | $720,000 | $293,000 | $420,000 |
| Credit Application Incomplete | 2 | $784,000 | $392,000 | $417,000 | $151,000 | $163,000 |
| Employment History | 1 | $121,000 | $121,000 | $121,000 | $33,000 | $33,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $920,000 | $920,000 | $920,000 | $216,000 | $216,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Dynamic Capital Mortgage, Inc'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 Dynamic Capital Mortgage, 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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