Mac-Clair Mortgage Corporation Mortgage Lending & HMDA Data, 2010
In 2010, Mac-Clair Mortgage Corporation of Burton, MI reported 446 mortgage applications totaling $42.1 million, down 76% from 2009. The average application was for $94,488, and applicants reported an average income of $42,343. 73% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Flint, MI (194), Warren-Troy-Farmington Hills, MI (128) and Bay City, MI (8) (applications in parentheses).
| Mortgage Company & Address | Mac-Clair Mortgage Corporation 4255 S Saginaw St Burton, MI 48529 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 | 446 |
| Total Mortgage Loan Application Amount | $42,142,000 |
| Average Mortgage Loan Application Amount | $94,488 |
| Highest Mortgage Loan Application Amount | $287,000 |
| Average Applicant Income | $42,343 |
| Highest Applicant Income | $145,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mac-Clair Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mac-Clair 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 429 | $39,688,000 | $92,000 | $287,000 | $42,000 | $145,000 |
| Refinancing | 17 | $2,454,000 | $144,000 | $277,000 | $51,000 | $102,000 |
| 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 | 395 | $36,692,000 | $92,000 | $287,000 | $41,000 | $138,000 |
| Black or African American | 38 | $3,980,000 | $104,000 | $249,000 | $51,000 | $145,000 |
| Hispanic | 8 | $854,000 | $106,000 | $224,000 | $36,000 | $70,000 |
| Asian | 3 | $458,000 | $152,000 | $252,000 | $69,000 | $125,000 |
| Not Provided | 2 | $158,000 | $79,000 | $100,000 | $50,000 | $52,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 290 | $26,292,000 | $90,000 | $255,000 | $37,000 | $98,000 |
| FHA-insured (Federal Housing Administration) | 130 | $12,901,000 | $99,000 | $277,000 | $51,000 | $145,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 17 | $1,935,000 | $113,000 | $287,000 | $54,000 | $137,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,014,000 | $112,000 | $220,000 | $56,000 | $83,000 |
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 | 325 | $30,529,000 | $93,000 | $252,000 | $42,000 | $145,000 |
| Application Withdrawn By Applicant | 71 | $7,143,000 | $100,000 | $287,000 | $44,000 | $137,000 |
| Application Denied By Financial Institution | 50 | $4,470,000 | $89,000 | $242,000 | $41,000 | $95,000 |
| 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 | 44 | $3,918,000 | $89,000 | $242,000 | $42,000 | $95,000 |
| Credit History | 3 | $177,000 | $59,000 | $66,000 | $32,000 | $42,000 |
| Debt-To-Income Ratio | 2 | $206,000 | $103,000 | $118,000 | $31,000 | $44,000 |
| Collateral | 1 | $169,000 | $169,000 | $169,000 | $66,000 | $66,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Mac-Clair 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 Mac-Clair 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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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