Executive Mortgage Corp. of Ms Mortgage Lending & HMDA Data, 2011
In 2011, Executive Mortgage Corp. of Ms of Flowood, MS reported 263 mortgage applications totaling $32.8 million, down 30% from 2010. The average application was for $124,543, and applicants reported an average income of $53,768. 15% of its applications resulted in an originated loan and 75% were denied. Its largest markets were Jackson, MS (58), Gulfport-Biloxi, MS (1) and Hattiesburg, MS (1) (applications in parentheses).
| Mortgage Company & Address | Executive Mortgage Corp. of Ms 582 Lakeland East Drive, Ste C Flowood, MS 39232 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 263 |
| Total Mortgage Loan Application Amount | $32,755,000 |
| Average Mortgage Loan Application Amount | $124,543 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $53,768 |
| Highest Applicant Income | $1,200,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Executive Mortgage Corp. of Ms filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Executive Mortgage Corp. of Ms in 2011
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 | 222 | $24,942,000 | $112,000 | $320,000 | $48,000 | $1,200,000 |
| Refinancing | 41 | $7,813,000 | $190,000 | $417,000 | $85,000 | $288,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 111 | $12,167,000 | $109,000 | $254,000 | $37,000 | $119,000 |
| White | 85 | $13,170,000 | $154,000 | $417,000 | $87,000 | $1,200,000 |
| Black or African American | 64 | $6,833,000 | $106,000 | $255,000 | $38,000 | $84,000 |
| Asian | 2 | $425,000 | $212,000 | $219,000 | $90,000 | $128,000 |
| Hispanic | 1 | $160,000 | $160,000 | $160,000 | $89,000 | $89,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 149 | $17,112,000 | $114,000 | $273,000 | $53,000 | $1,200,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 58 | $6,462,000 | $111,000 | $196,000 | $37,000 | $75,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 49 | $8,038,000 | $164,000 | $417,000 | $74,000 | $288,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,143,000 | $163,000 | $230,000 | $68,000 | $128,000 |
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 Denied By Financial Institution | 198 | $22,676,000 | $114,000 | $417,000 | $48,000 | $1,200,000 |
| Loan Originated | 39 | $6,586,000 | $168,000 | $417,000 | $85,000 | $393,000 |
| File Closed For Incompleteness | 25 | $3,308,000 | $132,000 | $320,000 | $53,000 | $163,000 |
| Application Withdrawn By Applicant | 1 | $185,000 | $185,000 | $185,000 | $42,000 | $42,000 |
| 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 History | 146 | $15,197,000 | $104,000 | $273,000 | $39,000 | $480,000 |
| Credit Application Incomplete | 41 | $5,689,000 | $138,000 | $417,000 | $80,000 | $1,200,000 |
| Collateral | 4 | $755,000 | $188,000 | $410,000 | $75,000 | $142,000 |
| Employment History | 3 | $539,000 | $179,000 | $216,000 | $52,000 | $96,000 |
| Debt-To-Income Ratio | 2 | $270,000 | $135,000 | $144,000 | $28,000 | $40,000 |
| Other | 1 | $76,000 | $76,000 | $76,000 | $28,000 | $28,000 |
| Unverifiable Information | 1 | $150,000 | $150,000 | $150,000 | $22,000 | $22,000 |
| 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 Executive Mortgage Corp. of Ms's 2011 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 Executive Mortgage Corp. of Ms'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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