Liberty Mortgage Corporation Mortgage Lending & HMDA Data, 2010
In 2010, Liberty Mortgage Corporation of Wilson, NC reported 4,677 mortgage applications totaling $1.2 billion, down 71% from 2009. The average application was for $257,254, and applicants reported an average income of $94,891. 70% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (746), Bethesda-Rockville-Frederick, MD (490) and Baltimore-Towson, MD (444) (applications in parentheses).
| Mortgage Company & Address | Liberty Mortgage Corporation 223 W Nash Street Wilson, NC 27893 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 |
| Total Number of Mortgage Applications | 4,677 |
| Total Mortgage Loan Application Amount | $1,203,181,000 |
| Average Mortgage Loan Application Amount | $257,254 |
| Highest Mortgage Loan Application Amount | $991,000 |
| Average Applicant Income | $94,891 |
| Highest Applicant Income | $7,993,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Liberty Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Liberty Mortgage Corporation in 2010
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 | 3,043 | $804,497,000 | $264,000 | $991,000 | $95,000 | $2,888,000 |
| Home Purchase | 1,578 | $383,908,000 | $243,000 | $743,000 | $89,000 | $850,000 |
| Home Improvement | 56 | $14,776,000 | $263,000 | $511,000 | $255,000 | $7,993,000 |
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 | 3,446 | $859,893,000 | $249,000 | $991,000 | $96,000 | $7,993,000 |
| Asian | 442 | $146,754,000 | $332,000 | $742,000 | $111,000 | $501,000 |
| Black or African American | 348 | $84,352,000 | $242,000 | $742,000 | $69,000 | $373,000 |
| Not Provided | 269 | $69,164,000 | $257,000 | $729,000 | $100,000 | $673,000 |
| Hispanic | 151 | $38,966,000 | $258,000 | $743,000 | $79,000 | $526,000 |
| American Indian or Alaskan Native | 12 | $2,511,000 | $209,000 | $417,000 | $54,000 | $132,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $1,541,000 | $171,000 | $358,000 | $54,000 | $112,000 |
| 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) | 2,824 | $776,103,000 | $274,000 | $730,000 | $119,000 | $7,993,000 |
| FHA-insured (Federal Housing Administration) | 982 | $214,024,000 | $217,000 | $991,000 | $62,000 | $501,000 |
| VA-guaranteed (Veterans Administration) | 871 | $213,054,000 | $244,000 | $819,000 | $53,000 | $373,000 |
| 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 | 3,254 | $831,537,000 | $255,000 | $813,000 | $94,000 | $2,888,000 |
| Application Approved But Not Accepted | 634 | $167,573,000 | $264,000 | $742,000 | $104,000 | $7,993,000 |
| Application Denied By Financial Institution | 601 | $150,685,000 | $250,000 | $819,000 | $88,000 | $523,000 |
| File Closed For Incompleteness | 188 | $53,386,000 | $283,000 | $991,000 | $97,000 | $850,000 |
| Application Withdrawn By Applicant | 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 |
|---|---|---|---|---|---|---|
| Collateral | 285 | $74,414,000 | $261,000 | $819,000 | $104,000 | $506,000 |
| Debt-To-Income Ratio | 124 | $31,442,000 | $253,000 | $743,000 | $68,000 | $523,000 |
| Credit History | 79 | $16,244,000 | $205,000 | $618,000 | $64,000 | $269,000 |
| Other | 76 | $21,013,000 | $276,000 | $730,000 | $92,000 | $479,000 |
| Unverifiable Information | 16 | $3,583,000 | $223,000 | $370,000 | $89,000 | $236,000 |
| Employment History | 12 | $1,832,000 | $152,000 | $326,000 | $46,000 | $124,000 |
| Credit Application Incomplete | 8 | $1,801,000 | $225,000 | $328,000 | $79,000 | $283,000 |
| Mortgage Insurance Denied | 1 | $356,000 | $356,000 | $356,000 | $272,000 | $272,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Liberty Mortgage Corporation's 2010 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 Liberty 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.
For a list of all lenders in North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About