Glendenning Mortgage Corporation Mortgage Lending & HMDA Data, 2015

In 2015, Glendenning Mortgage Corporation of Toms River, NJ reported 415 mortgage applications totaling $105.8 million, up 40% from 2014. The average application was for $254,865, and applicants reported an average income of $109,187. 77% of its applications resulted in an originated loan and 9% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (330), Camden, NJ (20) and Newark, NJ-PA (10) (applications in parentheses).

Mortgage Company & Address Glendenning Mortgage Corporation
81 East Water St. 3rd Floor
Toms River, NJ 08753
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  
Total Number of Mortgage Applications 415
Total Mortgage Loan Application Amount $105,769,000
Average Mortgage Loan Application Amount $254,865
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $109,187
Highest Applicant Income $1,584,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Glendenning Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Glendenning Mortgage Corporation in 2015

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 267 $64,208,000 $240,000 $1,500,000 $109,000 $1,505,000
Refinancing 145 $40,729,000 $280,000 $1,295,000 $109,000 $1,584,000
Home Improvement 3 $832,000 $277,000 $417,000 $135,000 $213,000

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 388 $99,620,000 $256,000 $1,500,000 $112,000 $1,584,000
Hispanic 10 $2,262,000 $226,000 $424,000 $59,000 $101,000
Black or African American 8 $1,800,000 $225,000 $402,000 $82,000 $182,000
Not Provided 4 $688,000 $172,000 $255,000 $77,000 $136,000
Asian 3 $828,000 $276,000 $290,000 $74,000 $101,000
American Indian or Alaskan Native 1 $171,000 $171,000 $171,000 $70,000 $70,000
Native Hawaiian or Other Pacific Islander 1 $400,000 $400,000 $400,000 $148,000 $148,000
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) 223 $61,333,000 $275,000 $1,500,000 $145,000 $1,584,000
FHA-insured (Federal Housing Administration) 136 $32,163,000 $236,000 $631,000 $64,000 $267,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 29 $5,341,000 $184,000 $265,000 $59,000 $95,000
VA-guaranteed (Veterans Administration) 27 $6,932,000 $256,000 $711,000 $100,000 $484,000

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
Loan Originated 321 $80,854,000 $251,000 $1,500,000 $106,000 $1,584,000
Application Denied By Financial Institution 37 $7,919,000 $214,000 $586,000 $92,000 $576,000
Application Withdrawn By Applicant 27 $8,926,000 $330,000 $1,250,000 $159,000 $1,007,000
File Closed For Incompleteness 17 $4,405,000 $259,000 $548,000 $117,000 $283,000
Application Approved But Not Accepted 8 $2,495,000 $311,000 $496,000 $141,000 $254,000
Preapproval Approved but not Accepted 5 $1,170,000 $234,000 $375,000 $95,000 $151,000
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
Loan Purchased By The 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
Collateral 15 $3,154,000 $210,000 $586,000 $107,000 $576,000
Other 6 $966,000 $161,000 $317,000 $58,000 $91,000
Credit History 5 $1,044,000 $208,000 $338,000 $109,000 $214,000
Debt-To-Income Ratio 5 $1,226,000 $245,000 $357,000 $90,000 $158,000
Employment History 2 $645,000 $322,000 $385,000 $89,000 $130,000
Unverifiable Information 1 $350,000 $350,000 $350,000 $102,000 $102,000
Credit Application Incomplete 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Glendenning Mortgage Corporation's 2015 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 Glendenning Mortgage Corporation'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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