Mortgage300 Corporation Mortgage Lending & HMDA Data, 2011

In 2011, Mortgage300 Corporation of Stuart, FL reported 930 mortgage applications totaling $99.6 million, up 22% from 2010. The average application was for $107,093, and applicants reported an average income of $51,741. 78% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (390), Flint, MI (336) and Detroit-Livonia-Dearborn, MI (40) (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 930
Total Mortgage Loan Application Amount $99,597,000
Average Mortgage Loan Application Amount $107,093
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $51,741
Highest Applicant Income $597,000

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(HMDA) records Mortgage300 Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Metropolitan Area in 2011

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Warren-Troy-Farmington Hills, MI 390 $ 44,830,000 $ 114,948 $ 55,000
Flint, MI 336 $ 33,671,000 $ 100,211 $ 49,000
Detroit-Livonia-Dearborn, MI 40 $ 4,939,000 $ 123,475 $ 66,000
Ann Arbor, MI 9 $ 2,466,000 $ 274,000 $ 96,000
Monroe, MI 9 $ 1,074,000 $ 119,333 $ 46,000
Saginaw-Saginaw Township North, MI 9 $ 1,050,000 $ 116,666 $ 53,000
Jackson, MI 4 $ 394,000 $ 98,500 $ 43,000
Lansing-East Lansing, MI 3 $ 406,000 $ 135,333 $ 43,000
Bay City, MI 2 $ 182,000 $ 91,000 $ 9,000
Grand Rapids-Wyoming, MI 2 $ 168,000 $ 84,000 $ 48,000
Minneapolis-St. Paul-Bloomington, MN-WI 2 $ 225,000 $ 112,500 $ 38,000
Holland-Grand Haven, MI 1 $ 152,000 $ 152,000 $ 0

Mortgage Loan Application Detail Totals for Mortgage300 Corporation 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 849 $86,712,000 $102,000 $417,000 $51,000 $289,000
Refinancing 79 $12,466,000 $157,000 $1,500,000 $53,000 $360,000
Home Improvement 2 $419,000 $209,000 $369,000 $317,000 $597,000

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 843 $88,726,000 $105,000 $1,500,000 $51,000 $597,000
Black or African American 69 $8,591,000 $124,000 $332,000 $51,000 $113,000
Hispanic 12 $1,496,000 $124,000 $195,000 $54,000 $95,000
Not Provided 3 $332,000 $110,000 $138,000 $56,000 $76,000
Asian 2 $343,000 $171,000 $175,000 $67,000 $67,000
American Indian or Alaskan Native 1 $109,000 $109,000 $109,000 $84,000 $84,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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
FSA/RHS (Farm Service Agency or Rural Housing Service) 436 $41,373,000 $94,000 $347,000 $38,000 $90,000
FHA-insured (Federal Housing Administration) 363 $40,690,000 $112,000 $290,000 $55,000 $167,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 118 $15,227,000 $129,000 $1,500,000 $89,000 $597,000
VA-guaranteed (Veterans Administration) 13 $2,307,000 $177,000 $332,000 $76,000 $111,000

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 727 $75,339,000 $103,000 $417,000 $50,000 $597,000
Application Withdrawn By Applicant 144 $17,895,000 $124,000 $1,500,000 $58,000 $360,000
Application Denied By Financial Institution 59 $6,363,000 $107,000 $295,000 $52,000 $167,000
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 33 $3,421,000 $103,000 $258,000 $51,000 $139,000
Credit History 10 $1,317,000 $131,000 $295,000 $59,000 $144,000
Debt-To-Income Ratio 6 $669,000 $111,000 $199,000 $65,000 $167,000
Collateral 6 $609,000 $101,000 $231,000 $50,000 $76,000
Employment History 3 $286,000 $95,000 $194,000 $31,000 $59,000
Unverifiable Information 1 $61,000 $61,000 $61,000 $14,000 $14,000
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 Mortgage300 Corporation'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 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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