Ion Capital Inc Mortgage Lending & HMDA Data, 2007

In 2007, Ion Capital Inc of Dublin, OH reported 819 mortgage applications totaling $149.6 million, up 122% from 2006. The average application was for $182,673, and applicants reported an average income of $88,914. 25% of its applications resulted in an originated loan and 38% were denied. Its largest markets were Indianapolis-Carmel, IN (107), Washington-Arlington-Alexandria, DC-VA-MD-WV (104) and Richmond, VA (95) (applications in parentheses).

Mortgage Company & Address Ion Capital Inc
485 Metro Place S Suite 300
Dublin, OH 43017
Tel #: available with data download
Federal Regulator * available with data download
Years 2007  2006  
Total Number of Mortgage Applications 819
Total Mortgage Loan Application Amount $149,610,000
Average Mortgage Loan Application Amount $182,673
Highest Mortgage Loan Application Amount $1,400,000
Average Applicant Income $88,914
Highest Applicant Income $634,000

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Act (HMDA) records Ion Capital Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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

Mortgage Loan Application Totals for Ion Capital Inc by County in 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Allegheny, Pennsylvania 56 $ 7,457,000 $ 133,160 $ 71,000
Marion, Indiana 53 $ 6,750,000 $ 127,358 $ 68,000
Franklin, Ohio 33 $ 4,969,000 $ 150,575 $ 79,000
Chesterfield, Virginia 31 $ 5,411,000 $ 174,548 $ 84,000
Prince George's, Maryland 29 $ 9,130,000 $ 314,827 $ 137,000
Richmond City, Virginia 23 $ 4,074,000 $ 177,130 $ 66,000
Fairfax, Virginia 21 $ 7,332,000 $ 349,142 $ 121,000
Henrico, Virginia 21 $ 4,421,000 $ 210,523 $ 80,000
Lake, Indiana 18 $ 2,711,000 $ 150,611 $ 76,000
Hendricks, Indiana 17 $ 2,565,000 $ 150,882 $ 94,000
Prince William, Virginia 17 $ 5,068,000 $ 298,117 $ 129,000
Philadelphia, Pennsylvania 15 $ 2,162,000 $ 144,133 $ 87,000
Johnson, Indiana 12 $ 1,497,000 $ 124,750 $ 83,000
Jefferson, Kentucky 12 $ 1,376,000 $ 114,666 $ 74,000
Hamilton, Indiana 11 $ 2,050,000 $ 186,363 $ 120,000
Westmoreland, Pennsylvania 11 $ 1,767,000 $ 160,636 $ 74,000
Stafford, Virginia 11 $ 3,611,000 $ 328,272 $ 135,000
Roanoke City, Virginia 10 $ 1,169,000 $ 116,900 $ 77,000
Porter, Indiana 9 $ 1,559,000 $ 173,222 $ 140,000
Baltimore City, Maryland 9 $ 1,118,000 $ 124,222 $ 112,000
Delaware, Ohio 9 $ 2,652,000 $ 294,666 $ 94,000
Montgomery, Pennsylvania 9 $ 3,329,000 $ 369,888 $ 134,000
Davidson, Tennessee 8 $ 1,668,000 $ 208,500 $ 86,000
Newport News, Virginia 8 $ 1,688,000 $ 211,000 $ 70,000
Montgomery, Maryland 7 $ 2,342,000 $ 334,571 $ 151,000
Fairfield, Ohio 7 $ 1,319,000 $ 188,428 $ 82,000
Montgomery, Ohio 7 $ 620,000 $ 88,571 $ 73,000
Washington, Pennsylvania 7 $ 719,000 $ 102,714 $ 66,000
Loudoun, Virginia 7 $ 2,596,000 $ 370,857 $ 84,000
Rockingham, Virginia 7 $ 1,856,000 $ 265,142 $ 134,000
Spotsylvania, Virginia 7 $ 1,982,000 $ 283,142 $ 96,000
Hampton, Virginia 6 $ 997,000 $ 166,166 $ 82,000
Shenandoah, Virginia 6 $ 1,515,000 $ 252,500 $ 106,000
Lawrence, Indiana 5 $ 457,000 $ 91,400 $ 69,000
Stark, Ohio 5 $ 623,000 $ 124,600 $ 61,000
Bedford, Virginia 5 $ 1,063,000 $ 212,600 $ 119,000
Allen, Indiana 4 $ 370,000 $ 92,500 $ 30,000
Boone, Indiana 4 $ 888,000 $ 222,000 $ 153,000
Hamilton, Ohio 4 $ 1,072,000 $ 268,000 $ 96,000
Licking, Ohio 4 $ 776,000 $ 194,000 $ 95,000
Lucas, Ohio 4 $ 639,000 $ 159,750 $ 91,000
Beaver, Pennsylvania 4 $ 588,000 $ 147,000 $ 87,000
Bucks, Pennsylvania 4 $ 473,000 $ 118,250 $ 108,000
Carbon, Pennsylvania 4 $ 1,216,000 $ 304,000 $ 40,000
York, Pennsylvania 4 $ 874,000 $ 218,500 $ 147,000
Augusta, Virginia 4 $ 497,000 $ 124,250 $ 70,000
Dickenson, Virginia 4 $ 560,000 $ 140,000 $ 31,000
King William, Virginia 4 $ 589,000 $ 147,250 $ 104,000
Virginia Beach, Virginia 4 $ 1,120,000 $ 280,000 $ 109,000
Hillsborough, Florida 3 $ 635,000 $ 211,666 $ 152,000
Henry, Indiana 3 $ 258,000 $ 86,000 $ 52,000
LaPorte, Indiana 3 $ 274,000 $ 91,333 $ 108,000
Putnam, Indiana 3 $ 456,000 $ 152,000 $ 58,000
Shelby, Indiana 3 $ 335,000 $ 111,666 $ 74,000
Russell, Kentucky 3 $ 257,000 $ 85,666 $ 88,000
Harford, Maryland 3 $ 1,193,000 $ 397,666 $ 159,000
Cuyahoga, Ohio 3 $ 310,000 $ 103,333 $ 44,000
Marion, Ohio 3 $ 231,000 $ 77,000 $ 114,000
Pickaway, Ohio 3 $ 394,000 $ 131,333 $ 83,000
Mercer, Pennsylvania 3 $ 290,000 $ 96,666 $ 52,000
Rutherford, Tennessee 3 $ 450,000 $ 150,000 $ 63,000
Isle of Wight, Virginia 3 $ 1,297,000 $ 432,333 $ 121,000
Louisa, Virginia 3 $ 422,000 $ 140,666 $ 22,000
Petersburg, Virginia 3 $ 273,000 $ 91,000 $ 56,000
Roanoke, Virginia 3 $ 479,000 $ 159,666 $ 66,000
Manatee, Florida 2 $ 640,000 $ 320,000 $ 129,000
Clark, Indiana 2 $ 394,000 $ 197,000 $ 74,000
Dearborn, Indiana 2 $ 475,000 $ 237,500 $ 92,000
Decatur, Indiana 2 $ 189,000 $ 94,500 $ 54,000
Elkhart, Indiana 2 $ 208,000 $ 104,000 $ 61,000
Hancock, Indiana 2 $ 330,000 $ 165,000 $ 133,000
Jackson, Indiana 2 $ 159,000 $ 79,500 $ 55,000
Jasper, Indiana 2 $ 265,000 $ 132,500 $ 66,000
Jay, Indiana 2 $ 144,000 $ 72,000 $ 65,000
Montgomery, Indiana 2 $ 97,000 $ 48,500 $ 31,000
Morgan, Indiana 2 $ 170,000 $ 85,000 $ 38,000
Randolph, Indiana 2 $ 182,000 $ 91,000 $ 98,000
Starke, Indiana 2 $ 97,000 $ 48,500 $ 48,000
Vigo, Indiana 2 $ 127,000 $ 63,500 $ 40,000
Wayne, Indiana 2 $ 187,000 $ 93,500 $ 51,000
Howard, Maryland 2 $ 515,000 $ 257,500 $ 210,000
Queen Anne's, Maryland 2 $ 261,000 $ 130,500 $ 78,000
Crawford, Ohio 2 $ 240,000 $ 120,000 $ 53,000
Greene, Ohio 2 $ 175,000 $ 87,500 $ 33,000
Huron, Ohio 2 $ 208,000 $ 104,000 $ 98,000
Mercer, Ohio 2 $ 360,000 $ 180,000 $ 59,000
Summit, Ohio 2 $ 366,000 $ 183,000 $ 57,000
Warren, Ohio 2 $ 187,000 $ 93,500 $ 89,000
Wayne, Ohio 2 $ 208,000 $ 104,000 $ 65,000
Butler, Pennsylvania 2 $ 311,000 $ 155,500 $ 85,000
Cambria, Pennsylvania 2 $ 392,000 $ 196,000 $ 129,000
Chester, Pennsylvania 2 $ 318,000 $ 159,000 $ 70,000
Huntingdon, Pennsylvania 2 $ 132,000 $ 66,000 $ 52,000
Indiana, Pennsylvania 2 $ 95,000 $ 47,500 $ 36,000
Northampton, Pennsylvania 2 $ 955,000 $ 477,500 $ 144,000
Northumberland, Pennsylvania 2 $ 266,000 $ 133,000 $ 66,000
Perry, Pennsylvania 2 $ 149,000 $ 74,500 $ 58,000
Warren, Pennsylvania 2 $ 171,000 $ 85,500 $ 40,000
Cheatham, Tennessee 2 $ 189,000 $ 94,500 $ 72,000
Maury, Tennessee 2 $ 219,000 $ 109,500 $ 76,000
Arlington, Virginia 2 $ 512,000 $ 256,000 $ 108,000
Caroline, Virginia 2 $ 379,000 $ 189,500 $ 60,000
Clarke, Virginia 2 $ 646,000 $ 323,000 $ 548,000
Dinwiddie, Virginia 2 $ 217,000 $ 108,500 $ 48,000
Essex, Virginia 2 $ 484,000 $ 242,000 $ 163,000
Frederick, Virginia 2 $ 465,000 $ 232,500 $ 104,000
Gloucester, Virginia 2 $ 950,000 $ 475,000 $ 240,000
Hanover, Virginia 2 $ 569,000 $ 284,500 $ 97,000
Henry, Virginia 2 $ 217,000 $ 108,500 $ 38,000
Lancaster, Virginia 2 $ 221,000 $ 110,500 $ 160,000
Manassas Park, Virginia 2 $ 350,000 $ 175,000 $ 90,000
New Kent, Virginia 2 $ 450,000 $ 225,000 $ 114,000
Orange, Virginia 2 $ 237,000 $ 118,500 $ 102,000
Page, Virginia 2 $ 227,000 $ 113,500 $ 45,000
Patrick, Virginia 2 $ 495,000 $ 247,500 $ 138,000
Warren, Virginia 2 $ 280,000 $ 140,000 $ 47,000
Suwannee, Florida 1 $ 280,000 $ 280,000 $ 144,000
Cook, Illinois 1 $ 214,000 $ 214,000 $ 115,000
Bartholomew, Indiana 1 $ 75,000 $ 75,000 $ 75,000
Benton, Indiana 1 $ 90,000 $ 90,000 $ 43,000
Delaware, Indiana 1 $ 75,000 $ 75,000 $ 32,000
Fayette, Indiana 1 $ 95,000 $ 95,000 $ 42,000
Floyd, Indiana 1 $ 88,000 $ 88,000 $ 58,000
Grant, Indiana 1 $ 96,000 $ 96,000 $ 56,000
Jennings, Indiana 1 $ 110,000 $ 110,000 $ 75,000
Kosciusko, Indiana 1 $ 115,000 $ 115,000 $ 92,000
Madison, Indiana 1 $ 122,000 $ 122,000 $ 65,000
Miami, Indiana 1 $ 93,000 $ 93,000 $ 48,000
Monroe, Indiana 1 $ 152,000 $ 152,000 $ 103,000
Sullivan, Indiana 1 $ 65,000 $ 65,000 $ 48,000
Tippecanoe, Indiana 1 $ 116,000 $ 116,000 $ 112,000
Boyle, Kentucky 1 $ 88,000 $ 88,000 $ 30,000
Bullitt, Kentucky 1 $ 118,000 $ 118,000 $ 36,000
Fayette, Kentucky 1 $ 198,000 $ 198,000 $ 78,000
Franklin, Kentucky 1 $ 180,000 $ 180,000 $ 90,000
Oldham, Kentucky 1 $ 760,000 $ 760,000 $ 396,000
Cecil, Maryland 1 $ 212,000 $ 212,000 $ 67,000
Charles, Maryland 1 $ 108,000 $ 108,000 $ 93,000
Frederick, Maryland 1 $ 320,000 $ 320,000 $ 106,000
Genesee, Michigan 1 $ 145,000 $ 145,000 $ 42,000
Macomb, Michigan 1 $ 147,000 $ 147,000 $ 54,000
Oakland, Michigan 1 $ 194,000 $ 194,000 $ 82,000
Allen, Ohio 1 $ 240,000 $ 240,000 $ 95,000
Ashland, Ohio 1 $ 131,000 $ 131,000 $ 51,000
Athens, Ohio 1 $ 78,000 $ 78,000 $ 22,000
Belmont, Ohio 1 $ 66,000 $ 66,000 $ 42,000
Brown, Ohio 1 $ 158,000 $ 158,000 $ 84,000
Butler, Ohio 1 $ 261,000 $ 261,000 $ 114,000
Fulton, Ohio 1 $ 118,000 $ 118,000 $ 64,000
Geauga, Ohio 1 $ 201,000 $ 201,000 $ 76,000
Hancock, Ohio 1 $ 120,000 $ 120,000 $ 82,000
Highland, Ohio 1 $ 64,000 $ 64,000 $ 81,000
Hocking, Ohio 1 $ 60,000 $ 60,000 $ 26,000
Jefferson, Ohio 1 $ 94,000 $ 94,000 $ 50,000
Lake, Ohio 1 $ 120,000 $ 120,000 $ 78,000
Logan, Ohio 1 $ 92,000 $ 92,000 $ 47,000
Lorain, Ohio 1 $ 185,000 $ 185,000 $ 70,000
Madison, Ohio 1 $ 132,000 $ 132,000 $ 180,000
Noble, Ohio 1 $ 85,000 $ 85,000 $ 42,000
Ottawa, Ohio 1 $ 88,000 $ 88,000 $ 45,000
Pike, Ohio 1 $ 185,000 $ 185,000 $ 65,000
Portage, Ohio 1 $ 64,000 $ 64,000 $ 120,000
Richland, Ohio 1 $ 136,000 $ 136,000 $ 66,000
Armstrong, Pennsylvania 1 $ 95,000 $ 95,000 $ 141,000
Bedford, Pennsylvania 1 $ 109,000 $ 109,000 $ 24,000
Cumberland, Pennsylvania 1 $ 975,000 $ 975,000 $ 256,000
Fayette, Pennsylvania 1 $ 91,000 $ 91,000 $ 110,000
Lawrence, Pennsylvania 1 $ 62,000 $ 62,000 $ 108,000
Lebanon, Pennsylvania 1 $ 142,000 $ 142,000 $ 84,000
Luzerne, Pennsylvania 1 $ 105,000 $ 105,000 $ 50,000
Lycoming, Pennsylvania 1 $ 155,000 $ 155,000 $ 65,000
Pike, Pennsylvania 1 $ 209,000 $ 209,000 $ 56,000
Schuylkill, Pennsylvania 1 $ 135,000 $ 135,000 $ 48,000
Somerset, Pennsylvania 1 $ 162,000 $ 162,000 $ 90,000
Union, Pennsylvania 1 $ 155,000 $ 155,000 $ 63,000
Venango, Pennsylvania 1 $ 110,000 $ 110,000 $ 55,000
Hamilton, Tennessee 1 $ 144,000 $ 144,000 $ 43,000
Knox, Tennessee 1 $ 105,000 $ 105,000 $ 58,000
Shelby, Tennessee 1 $ 65,000 $ 65,000 $ 30,000
Wilson, Tennessee 1 $ 133,000 $ 133,000 $ 33,000
Accomack, Virginia 1 $ 90,000 $ 90,000 $ 210,000
Botetourt, Virginia 1 $ 206,000 $ 206,000 $ 118,000
Campbell, Virginia 1 $ 135,000 $ 135,000 $ 55,000
Charlottesville, Virginia 1 $ 210,000 $ 210,000 $ 35,000
Culpeper, Virginia 1 $ 250,000 $ 250,000 $ 72,000
Falls Church, Virginia 1 $ 558,000 $ 558,000 $ 333,000
Fauquier, Virginia 1 $ 230,000 $ 230,000 $ 59,000
Floyd, Virginia 1 $ 80,000 $ 80,000 $ 60,000
Goochland, Virginia 1 $ 203,000 $ 203,000 $ 63,000
Grayson, Virginia 1 $ 132,000 $ 132,000 $ 0
Greensville, Virginia 1 $ 150,000 $ 150,000 $ 30,000
Lynchburg, Virginia 1 $ 190,000 $ 190,000 $ 51,000
Manassas, Virginia 1 $ 325,000 $ 325,000 $ 66,000
Martinsville, Virginia 1 $ 95,000 $ 95,000 $ 42,000
Norfolk, Virginia 1 $ 238,000 $ 238,000 $ 82,000
Northumberland, Virginia 1 $ 240,000 $ 240,000 $ 120,000
Portsmouth, Virginia 1 $ 142,000 $ 142,000 $ 83,000
Prince George, Virginia 1 $ 149,000 $ 149,000 $ 95,000
Salem, Virginia 1 $ 216,000 $ 216,000 $ 150,000
Staunton, Virginia 1 $ 43,000 $ 43,000 $ 62,000
Suffolk, Virginia 1 $ 349,000 $ 349,000 $ 144,000
Washington, Virginia 1 $ 396,000 $ 396,000 $ 144,000
Waynesboro, Virginia 1 $ 100,000 $ 100,000 $ 95,000
Wythe, Virginia 1 $ 78,000 $ 78,000 $ 41,000

Mortgage Loan Application Detail Totals for Ion Capital Inc in 2007

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 414 $79,515,000 $192,000 $1,400,000 $89,000 $634,000
Home Purchase 403 $69,884,000 $173,000 $750,000 $89,000 $330,000
Home Improvement 2 $211,000 $105,000 $146,000 $54,000 $60,000

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 480 $75,695,000 $157,000 $975,000 $84,000 $634,000
Black or African American 142 $27,448,000 $193,000 $750,000 $85,000 $269,000
Not Provided 120 $25,597,000 $213,000 $713,000 $103,000 $480,000
Hispanic 59 $15,478,000 $262,000 $711,000 $92,000 $330,000
Asian 15 $5,085,000 $339,000 $1,400,000 $167,000 $503,000
American Indian or Alaskan Native 2 $217,000 $108,000 $183,000 $48,000 $48,000
Native Hawaiian or Other Pacific Islander 1 $90,000 $90,000 $90,000 $41,000 $41,000
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) 818 $149,540,000 $182,000 $1,400,000 $89,000 $634,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $70,000 $70,000 $70,000 $138,000 $138,000
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0
FHA-insured (Federal Housing Administration) 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
Application Denied By Financial Institution 309 $58,710,000 $190,000 $975,000 $94,000 $634,000
Application Withdrawn By Applicant 281 $53,103,000 $188,000 $1,400,000 $91,000 $503,000
Loan Originated 208 $33,669,000 $161,000 $750,000 $80,000 $188,000
File Closed For Incompleteness 21 $4,128,000 $196,000 $417,000 $85,000 $216,000
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
Other 205 $39,032,000 $190,000 $713,000 $92,000 $480,000
Credit History 49 $10,749,000 $219,000 $975,000 $83,000 $256,000
Debt-To-Income Ratio 30 $4,518,000 $150,000 $485,000 $79,000 $288,000
Collateral 21 $3,954,000 $188,000 $482,000 $154,000 $634,000
Unverifiable Information 2 $316,000 $158,000 $210,000 $132,000 $171,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 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 Ion Capital Inc's 2007 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 Ion Capital 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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