Mortgage300 Corporation Mortgage Lending & HMDA Data, 2013

In 2013, Mortgage300 Corporation of Stuart, FL reported 1,438 mortgage applications totaling $165.8 million, up 1% from 2012. The average application was for $115,315, and applicants reported an average income of $54,246. 77% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Flint, MI (551), Warren-Troy-Farmington Hills, MI (515) and Detroit-Livonia-Dearborn, MI (63) (applications in parentheses).

Mortgage Company & Address Mortgage300 Corporation
10 Se Central Parkway Suite 325
Stuart, FL 34994
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  2012  2011  2010  
Total Number of Mortgage Applications 1,438
Total Mortgage Loan Application Amount $165,824,000
Average Mortgage Loan Application Amount $115,315
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $54,246
Highest Applicant Income $308,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage300 Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Mortgage300 Corporation by County in 2013

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Genesee, Michigan 551 $ 61,771,000 $ 112,107 $ 53,000
Oakland, Michigan 209 $ 31,092,000 $ 148,765 $ 73,000
Lapeer, Michigan 196 $ 22,135,000 $ 112,933 $ 49,000
Wayne, Michigan 63 $ 6,570,000 $ 104,285 $ 58,000
Wexford, Michigan 52 $ 5,067,000 $ 97,442 $ 42,000
Macomb, Michigan 51 $ 6,189,000 $ 121,352 $ 62,000
Livingston, Michigan 45 $ 6,801,000 $ 151,133 $ 62,000
Shiawassee, Michigan 36 $ 3,615,000 $ 100,416 $ 50,000
Tuscola, Michigan 26 $ 2,123,000 $ 81,653 $ 39,000
Iosco, Michigan 21 $ 1,697,000 $ 80,809 $ 40,000
Missaukee, Michigan 18 $ 1,585,000 $ 88,055 $ 45,000
Saginaw, Michigan 17 $ 1,670,000 $ 98,235 $ 40,000
Sanilac, Michigan 17 $ 1,351,000 $ 79,470 $ 31,000
St. Clair, Michigan 14 $ 1,173,000 $ 83,785 $ 46,000
Osceola, Michigan 11 $ 898,000 $ 81,636 $ 39,000
Mecosta, Michigan 10 $ 964,000 $ 96,400 $ 38,000
Grand Traverse, Michigan 9 $ 1,090,000 $ 121,111 $ 42,000
Alcona, Michigan 7 $ 525,000 $ 75,000 $ 33,000
Kent, Michigan 6 $ 843,000 $ 140,500 $ 65,000
Clare, Michigan 5 $ 446,000 $ 89,200 $ 42,000
Crawford, Michigan 5 $ 535,000 $ 107,000 $ 51,000
Ingham, Michigan 5 $ 576,000 $ 115,200 $ 60,000
Mason, Michigan 5 $ 556,000 $ 111,200 $ 39,000
Montcalm, Michigan 5 $ 369,000 $ 73,800 $ 30,000
Roscommon, Michigan 5 $ 428,000 $ 85,600 $ 35,000
Eaton, Michigan 4 $ 353,000 $ 88,250 $ 41,000
Otsego, Michigan 4 $ 452,000 $ 113,000 $ 126,000
Washtenaw, Michigan 4 $ 770,000 $ 192,500 $ 86,000
Gladwin, Michigan 3 $ 312,000 $ 104,000 $ 64,000
Huron, Michigan 3 $ 415,000 $ 138,333 $ 104,000
Jackson, Michigan 3 $ 343,000 $ 114,333 $ 39,000
Kalkaska, Michigan 3 $ 270,000 $ 90,000 $ 44,000
Palm Beach, Florida 2 $ 401,000 $ 200,500 $ 111,000
Alpena, Michigan 2 $ 162,000 $ 81,000 $ 26,000
Arenac, Michigan 2 $ 128,000 $ 64,000 $ 67,000
Clinton, Michigan 2 $ 300,000 $ 150,000 $ 67,000
Isabella, Michigan 2 $ 137,000 $ 68,500 $ 55,000
Midland, Michigan 2 $ 106,000 $ 53,000 $ 36,000
Ogemaw, Michigan 2 $ 312,000 $ 156,000 $ 78,000
Antrim, Michigan 1 $ 70,000 $ 70,000 $ 29,000
Barry, Michigan 1 $ 185,000 $ 185,000 $ 95,000
Cass, Michigan 1 $ 118,000 $ 118,000 $ 76,000
Gratiot, Michigan 1 $ 92,000 $ 92,000 $ 39,000
Kalamazoo, Michigan 1 $ 183,000 $ 183,000 $ 38,000
Lake, Michigan 1 $ 61,000 $ 61,000 $ 21,000
Manistee, Michigan 1 $ 102,000 $ 102,000 $ 32,000
Monroe, Michigan 1 $ 143,000 $ 143,000 $ 99,000
Newaygo, Michigan 1 $ 97,000 $ 97,000 $ 39,000
Ottawa, Michigan 1 $ 152,000 $ 152,000 $ 10,000
Van Buren, Michigan 1 $ 91,000 $ 91,000 $ 54,000

Mortgage Loan Application Detail Totals for Mortgage300 Corporation in 2013

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 1,148 $128,680,000 $112,000 $409,000 $52,000 $282,000
Refinancing 288 $36,934,000 $128,000 $417,000 $63,000 $308,000
Home Improvement 2 $210,000 $105,000 $124,000 $83,000 $86,000

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 1,348 $156,084,000 $115,000 $417,000 $55,000 $308,000
Black or African American 49 $5,645,000 $115,000 $275,000 $55,000 $137,000
Hispanic 25 $2,498,000 $99,000 $167,000 $62,000 $156,000
Asian 10 $1,061,000 $106,000 $165,000 $65,000 $131,000
Not Provided 5 $392,000 $78,000 $150,000 $34,000 $55,000
Native Hawaiian or Other Pacific Islander 1 $144,000 $144,000 $144,000 $37,000 $37,000
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
FSA/RHS (Farm Service Agency or Rural Housing Service) 551 $54,592,000 $99,000 $270,000 $39,000 $103,000
FHA-insured (Federal Housing Administration) 494 $56,135,000 $113,000 $303,000 $53,000 $184,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 358 $50,140,000 $140,000 $417,000 $80,000 $308,000
VA-guaranteed (Veterans Administration) 35 $4,957,000 $141,000 $338,000 $68,000 $150,000

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 1,110 $129,442,000 $116,000 $417,000 $55,000 $292,000
Application Withdrawn By Applicant 264 $30,123,000 $114,000 $417,000 $56,000 $308,000
Application Denied By Financial Institution 64 $6,259,000 $97,000 $309,000 $47,000 $121,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 27 $2,642,000 $97,000 $219,000 $42,000 $101,000
Collateral 17 $1,934,000 $113,000 $309,000 $54,000 $121,000
Credit History 8 $839,000 $104,000 $192,000 $42,000 $82,000
Debt-To-Income Ratio 6 $436,000 $72,000 $134,000 $51,000 $100,000
Insufficient Cash (Downpayment, Closing Cost) 5 $344,000 $68,000 $87,000 $50,000 $85,000
Employment History 1 $64,000 $64,000 $64,000 $31,000 $31,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage300 Corporation's 2013 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 Mortgage300 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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