Equitable Trust Mortgage Corpo
Mortgage Loan Application
Totals and Details
for 2008

Mortgage Company & Address Equitable Trust Mortgage Corpo
5024-G Campbell Blvd.
Baltimore, MD 21236
Tel #: available with data download
Federal Regulator * available with data download
Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 2,620
Total Mortgage Loan Application Amount $623,200,000
Average Mortgage Loan Application Amount $204,105
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $58,375
Highest Applicant Income $604,000
Download the Maryland Lender List

Mortgage Loan Application Detail Totals for Equitable Trust Mortgage Corpo 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 1,669 $405,528,000 $242,000 $1,500,000 $66,000 $604,000
Home Purchase 918 $211,503,000 $230,000 $1,000,000 $73,000 $543,000
Home Improvement 33 $6,169,000 $186,000 $328,000 $72,000 $175,000

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 1,136 $275,337,000 $242,000 $1,500,000 $75,000 $600,000
Black or African American 672 $154,248,000 $229,000 $667,000 $65,000 $604,000
Not Provided 508 $118,048,000 $232,000 $1,000,000 $61,000 $513,000
Hispanic 244 $58,217,000 $238,000 $640,000 $60,000 $357,000
Asian 35 $11,351,000 $324,000 $740,000 $98,000 $378,000
Native Hawaiin or Other Pacific Islander 22 $5,501,000 $250,000 $379,000 $72,000 $142,000
American Indian or Alaskan Native 3 $498,000 $166,000 $310,000 $81,000 $101,000
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) 1,563 $371,273,000 $237,000 $1,500,000 $76,000 $604,000
FHA-insured (Federal Housing Administration) 1,007 $239,461,000 $237,000 $740,000 $59,000 $360,000
VA-guaranteed (Veterans Administration) 50 $12,466,000 $249,000 $417,000 $25,000 $124,000
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 1,347 $316,907,000 $235,000 $740,000 $68,000 $578,000
File Closed For Incompleteness 1,163 $279,596,000 $240,000 $1,500,000 $70,000 $604,000
Application Denied By Financial Institution 66 $16,406,000 $248,000 $571,000 $70,000 $276,000
Application Withdrawn By Applicant 44 $10,291,000 $233,000 $395,000 $51,000 $175,000
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 Application Incomplete 18 $4,324,000 $240,000 $571,000 $76,000 $144,000
Credit History 17 $3,821,000 $224,000 $490,000 $57,000 $160,000
Collateral 12 $3,778,000 $314,000 $562,000 $84,000 $181,000
Employment History 12 $3,153,000 $262,000 $508,000 $80,000 $276,000
Debt-To-Income Ratio 7 $1,330,000 $190,000 $315,000 $44,000 $70,000
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
Download the Maryland Lender List