Firstmerit Bank NA Mortgage Lending & HMDA Data, 2012
In 2012, Firstmerit Bank NA of Akron, OH reported 9,120 mortgage applications totaling $1.4 billion, up 48% from 2011. The average application was for $149,593, and applicants reported an average income of $87,205. 69% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (2,485), Akron, OH (1,802) and Canton-Massillon, OH (1,219) (applications in parentheses).
| Mortgage Company & Address | Firstmerit Bank NA III Cascade Plaza - Cas46 Akron, OH 44308 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 9,120 |
| Total Mortgage Loan Application Amount | $1,364,293,000 |
| Average Mortgage Loan Application Amount | $149,593 |
| Highest Mortgage Loan Application Amount | $22,000,000 |
| Average Applicant Income | $87,205 |
| Highest Applicant Income | $2,623,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Firstmerit Bank NA filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Cleveland-Elyria-Mentor, OH | 2,485 | $ 351,009,000 | $ 141,251 | $ 87,000 |
| Akron, OH | 1,802 | $ 216,303,000 | $ 120,034 | $ 85,000 |
| Canton-Massillon, OH | 1,219 | $ 147,870,000 | $ 121,304 | $ 76,000 |
| Chicago-Joliet-Naperville, IL | 727 | $ 170,050,000 | $ 233,906 | $ 110,000 |
| Columbus, OH | 480 | $ 120,004,000 | $ 250,008 | $ 106,000 |
| Mansfield, OH | 261 | $ 26,589,000 | $ 101,873 | $ 66,000 |
| Toledo, OH | 108 | $ 19,173,000 | $ 177,527 | $ 92,000 |
| Sandusky, OH | 101 | $ 11,082,000 | $ 109,722 | $ 82,000 |
| Youngstown-Warren-Boardman, OH-PA | 65 | $ 8,051,000 | $ 123,861 | $ 71,938 |
| Lake County-Kenosha County, IL-WI | 44 | $ 10,969,000 | $ 249,295 | $ 143,000 |
| Pittsburgh, PA | 26 | $ 3,438,000 | $ 132,230 | $ 75,000 |
| Cape Coral-Fort Myers, FL | 18 | $ 3,951,000 | $ 219,500 | $ 279,000 |
| Philadelphia, PA | 15 | $ 24,878,000 | $ 1,658,533 | $ 55,000 |
| Naples-Marco Island, FL | 10 | $ 4,186,000 | $ 418,600 | $ 369,000 |
| Gary, IN | 6 | $ 974,000 | $ 162,333 | $ 102,000 |
| North Port-Bradenton-Sarasota, FL | 6 | $ 984,000 | $ 164,000 | $ 127,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 1,350,000 | $ 225,000 | $ 366,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 6 | $ 1,375,000 | $ 229,166 | $ 175,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 1,483,000 | $ 296,600 | $ 314,000 |
| Harrisburg-Carlisle, PA | 5 | $ 495,000 | $ 99,000 | $ 73,000 |
| Scranton--Wilkes-Barre, PA | 5 | $ 607,000 | $ 121,400 | $ 89,000 |
| Steubenville-Weirton, OH-WV | 5 | $ 664,000 | $ 132,800 | $ 53,400 |
| Cincinnati-Middletown, OH-KY-IN | 4 | $ 733,000 | $ 183,250 | $ 146,000 |
| Punta Gorda, FL | 4 | $ 717,000 | $ 179,250 | $ 139,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 971,000 | $ 242,750 | $ 139,000 |
| Jacksonville, FL | 3 | $ 882,000 | $ 294,000 | $ 88,000 |
| Parkersburg-Marietta-Vienna, WV-OH | 3 | $ 245,000 | $ 81,666 | $ 74,000 |
| Springfield, OH | 3 | $ 267,000 | $ 89,000 | $ 46,000 |
| Ann Arbor, MI | 2 | $ 14,275,000 | $ 7,137,500 | $ 0 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 599,000 | $ 299,500 | $ 541,000 |
| Dayton, OH | 2 | $ 1,317,000 | $ 658,500 | $ 91,000 |
| Huntington-Ashland, WV-KY-OH | 2 | $ 5,560,000 | $ 2,780,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 424,000 | $ 212,000 | $ 170,000 |
| Monroe, MI | 2 | $ 268,000 | $ 134,000 | $ 62,000 |
| Niles-Benton Harbor, MI | 2 | $ 834,000 | $ 417,000 | $ 254,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 299,000 | $ 149,500 | $ 133,000 |
| Wheeling, WV-OH | 2 | $ 192,000 | $ 96,000 | $ 95,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 819,000 | $ 819,000 | $ 462,000 |
| Bloomington-Normal, IL | 1 | $ 3,450,000 | $ 3,450,000 | $ 0 |
| Champaign-Urbana, IL | 1 | $ 68,000 | $ 68,000 | $ 40,000 |
| Columbia, SC | 1 | $ 145,000 | $ 145,000 | $ 93,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 8,000 | $ 8,000 | $ 27,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 120,000 | $ 120,000 | $ 280,000 |
| Erie, PA | 1 | $ 108,000 | $ 108,000 | $ 31,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 18,000,000 | $ 18,000,000 | $ 0 |
| Indianapolis-Carmel, IN | 1 | $ 330,000 | $ 330,000 | $ 131,000 |
| Jackson, MI | 1 | $ 168,000 | $ 168,000 | $ 240,000 |
| Kalamazoo-Portage, MI | 1 | $ 91,000 | $ 91,000 | $ 60,000 |
| Lancaster, PA | 1 | $ 161,000 | $ 161,000 | $ 44,000 |
| Muskegon-Norton Shores, MI | 1 | $ 312,000 | $ 312,000 | $ 475,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 218,000 | $ 218,000 | $ 160,000 |
| Newark-Union, NJ-PA | 1 | $ 154,000 | $ 154,000 | $ 172,000 |
| Phoenix-Mesa-Glendale, AZ | 1 | $ 98,000 | $ 98,000 | $ 43,000 |
| Rockford, IL | 1 | $ 164,000 | $ 164,000 | $ 372,000 |
| Savannah, GA | 1 | $ 2,813,000 | $ 2,813,000 | $ 0 |
| Sebastian-Vero Beach, FL | 1 | $ 417,000 | $ 417,000 | $ 471,000 |
| Tucson, AZ | 1 | $ 1,187,000 | $ 1,187,000 | $ 1,065,000 |
| Wilmington, NC | 1 | $ 130,000 | $ 130,000 | $ 85,000 |
| York-Hanover, PA | 1 | $ 103,000 | $ 103,000 | $ 0 |
Mortgage Loan Application Detail Totals for Firstmerit Bank NA in 2012
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 | 6,727 | $1,065,358,000 | $158,000 | $22,000,000 | $89,000 | $2,152,000 |
| Home Purchase | 1,771 | $263,233,000 | $148,000 | $4,275,000 | $91,000 | $2,623,000 |
| Home Improvement | 622 | $35,702,000 | $57,000 | $18,000,000 | $57,000 | $1,797,000 |
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 | 6,994 | $908,124,000 | $129,000 | $2,295,000 | $87,000 | $2,623,000 |
| Not Provided | 1,664 | $237,986,000 | $143,000 | $3,000,000 | $95,000 | $1,712,000 |
| Black or African American | 189 | $14,415,000 | $76,000 | $417,000 | $53,000 | $327,000 |
| Hispanic | 142 | $15,101,000 | $106,000 | $417,000 | $71,000 | $744,000 |
| Asian | 65 | $15,967,000 | $245,000 | $4,275,000 | $125,000 | $485,000 |
| Not applicable | 47 | $170,110,000 | $3,619,000 | $22,000,000 | $0 | $0 |
| American Indian or Alaskan Native | 10 | $797,000 | $79,000 | $269,000 | $59,000 | $119,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $1,793,000 | $199,000 | $429,000 | $70,000 | $106,000 |
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) | 8,946 | $1,344,286,000 | $150,000 | $22,000,000 | $88,000 | $2,623,000 |
| FHA-insured (Federal Housing Administration) | 141 | $15,342,000 | $108,000 | $276,000 | $49,000 | $180,000 |
| VA-guaranteed (Veterans Administration) | 33 | $4,665,000 | $141,000 | $300,000 | $62,000 | $126,000 |
| 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 | 6,296 | $952,560,000 | $151,000 | $18,000,000 | $90,000 | $2,623,000 |
| Application Withdrawn By Applicant | 1,296 | $214,136,000 | $165,000 | $14,350,000 | $90,000 | $2,599,000 |
| Application Denied By Financial Institution | 1,222 | $163,172,000 | $133,000 | $22,000,000 | $71,000 | $1,612,000 |
| Application Approved But Not Accepted | 176 | $15,495,000 | $88,000 | $417,000 | $80,000 | $435,000 |
| File Closed For Incompleteness | 113 | $17,448,000 | $154,000 | $411,000 | $115,000 | $1,088,000 |
| Preapproval Denied by Financial Institution | 17 | $1,482,000 | $87,000 | $218,000 | $33,000 | $61,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 493 | $76,915,000 | $156,000 | $2,295,000 | $95,000 | $1,491,000 |
| Debt-To-Income Ratio | 348 | $28,870,000 | $82,000 | $1,800,000 | $43,000 | $245,000 |
| Credit History | 278 | $17,584,000 | $63,000 | $5,250,000 | $62,000 | $1,612,000 |
| Other | 73 | $27,548,000 | $377,000 | $22,000,000 | $64,000 | $760,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $11,271,000 | $751,000 | $9,000,000 | $78,000 | $222,000 |
| Unverifiable Information | 11 | $1,051,000 | $95,000 | $339,000 | $51,000 | $144,000 |
| Employment History | 10 | $856,000 | $85,000 | $139,000 | $22,000 | $45,000 |
| Credit Application Incomplete | 8 | $278,000 | $34,000 | $102,000 | $74,000 | $124,000 |
| Mortgage Insurance Denied | 3 | $281,000 | $93,000 | $118,000 | $84,000 | $94,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Firstmerit Bank NA's 2012 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 Firstmerit Bank NA'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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