M/I Financial Corp. Mortgage Lending & HMDA Data, 2004
In 2004, M/I Financial Corp. of Columbus, OH reported 5,150 mortgage applications totaling $858.1 million, up 9% from 2003. The average application was for $166,624, and applicants reported an average income of $65,413. 72% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Columbus, OH (3,159), Tampa-St. Petersburg-Clearwater, FL (494) and Cincinnati-Middletown, OH-KY-IN (486) (applications in parentheses).
| Mortgage Company & Address | M/I Financial Corp. 3 Easton Oval, Suite 540 Columbus, OH 43219 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 5,150 |
| Total Mortgage Loan Application Amount | $858,114,000 |
| Average Mortgage Loan Application Amount | $166,624 |
| Highest Mortgage Loan Application Amount | $525,000 |
| Average Applicant Income | $65,413 |
| Highest Applicant Income | $766,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records M/I Financial Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 M/I Financial Corp. in 2004
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 | 5,149 | $857,642,000 | $208,666 | $525,000 | $56,500 | $766,000 |
| Refinancing | 1 | $472,000 | $472,000 | $472,000 | $156,000 | $156,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 3,848 | $634,383,000 | $209,000 | $513,000 | $60,666 | $766,000 |
| Black or African American | 514 | $89,422,000 | $174,000 | $525,000 | $65,500 | $321,000 |
| Asian | 314 | $53,224,000 | $154,500 | $506,000 | $70,000 | $631,000 |
| Hispanic | 225 | $38,224,000 | $149,000 | $378,000 | $58,250 | $347,000 |
| Not Provided | 183 | $30,910,000 | $172,750 | $360,000 | $59,750 | $201,000 |
| Not applicable | 37 | $7,193,000 | $163,000 | $341,000 | $52,333 | $162,000 |
| Native Hawaiian or Other Pacific Islander | 18 | $3,279,000 | $171,333 | $317,000 | $100,000 | $268,000 |
| American Indian or Alaskan Native | 11 | $1,479,000 | $128,500 | $296,000 | $97,500 | $132,000 |
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) | 4,176 | $688,049,000 | $207,666 | $525,000 | $60,166 | $766,000 |
| FHA-insured (Federal Housing Administration) | 820 | $139,540,000 | $151,750 | $233,000 | $50,000 | $195,000 |
| VA-guaranteed (Veterans Administration) | 154 | $30,525,000 | $188,750 | $311,000 | $63,000 | $216,000 |
| 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 | 3,722 | $617,586,000 | $161,500 | $513,000 | $71,750 | $766,000 |
| Application Withdrawn By Applicant | 628 | $100,704,000 | $156,500 | $525,000 | $65,000 | $631,000 |
| Application Approved But Not Accepted | 524 | $92,090,000 | $169,250 | $490,000 | $69,250 | $636,000 |
| Application Denied By Financial Institution | 244 | $41,466,000 | $173,000 | $387,000 | $56,750 | $320,000 |
| File Closed For Incompleteness | 28 | $5,059,000 | $172,000 | $402,000 | $69,000 | $164,000 |
| Loan Purchased By The Institution | 4 | $1,209,000 | $304,500 | $334,000 | $32,000 | $139,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 143 | $24,113,000 | $168,750 | $319,000 | $60,000 | $150,000 |
| Debt-To-Income Ratio | 86 | $14,787,000 | $165,500 | $387,000 | $58,250 | $320,000 |
| Other | 7 | $1,024,000 | $177,000 | $333,000 | $39,500 | $96,000 |
| Employment History | 1 | $161,000 | $161,000 | $161,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $334,000 | $334,000 | $334,000 | $111,000 | $111,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into M/I Financial Corp.'s 2004 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 M/I Financial Corp.'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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