Market House Mortgage, LLC Mortgage Lending & HMDA Data, 2005
In 2005, Market House Mortgage, LLC of Birmingham, AL reported 62 mortgage applications totaling $7.0 million, up 182% from 2004. The average application was for $112,451, and applicants reported an average income of $48,209. 61% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Fayetteville, NC (47) and Myrtle Beach-Conway-North Myrtle Beach, SC (1).
| Mortgage Company & Address | Market House Mortgage, LLC 1900 Crestwood Boulevard Birmingham, AL 35210 |
| Federal Regulator | * available with data download |
| Years | 2005 2004 |
| Total Number of Mortgage Applications | 62 |
| Total Mortgage Loan Application Amount | $6,972,000 |
| Average Mortgage Loan Application Amount | $112,451 |
| Highest Mortgage Loan Application Amount | $234,000 |
| Average Applicant Income | $48,209 |
| Highest Applicant Income | $177,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Market House Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Market House Mortgage, LLC in 2005
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 | 61 | $6,912,000 | $144,000 | $234,000 | $86,333 | $177,000 |
| Refinancing | 1 | $60,000 | $60,000 | $60,000 | $100,000 | $100,000 |
| 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 | 39 | $4,530,000 | $146,333 | $224,000 | $86,000 | $177,000 |
| Black or African American | 15 | $1,402,000 | $82,500 | $131,000 | $32,500 | $100,000 |
| Hispanic | 6 | $816,000 | $118,000 | $234,000 | $45,000 | $94,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $158,000 | $158,000 | $158,000 | $50,000 | $50,000 |
| American Indian or Alaskan Native | 1 | $66,000 | $66,000 | $66,000 | $50,000 | $50,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 42 | $5,022,000 | $115,500 | $234,000 | $44,000 | $94,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 16 | $1,599,000 | $131,000 | $219,000 | $86,666 | $177,000 |
| FHA-insured (Federal Housing Administration) | 4 | $351,000 | $87,000 | $127,000 | $33,000 | $38,000 |
| 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 | 38 | $4,596,000 | $168,500 | $224,000 | $111,000 | $177,000 |
| File Closed For Incompleteness | 9 | $1,044,000 | $147,500 | $234,000 | $64,500 | $94,000 |
| Application Denied By Financial Institution | 7 | $569,000 | $83,500 | $120,000 | $50,000 | $100,000 |
| Preapproval Denied by Financial Institution | 5 | $440,000 | $88,000 | $100,000 | $29,000 | $38,000 |
| Preapproval Approved but not Accepted | 2 | $192,000 | $96,000 | $112,000 | $26,000 | $35,000 |
| Application Approved But Not Accepted | 1 | $131,000 | $131,000 | $131,000 | $82,000 | $82,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 9 | $760,000 | $86,000 | $120,000 | $51,500 | $100,000 |
| Debt-To-Income Ratio | 2 | $157,000 | $78,000 | $87,000 | $25,000 | $38,000 |
| Employment History | 1 | $92,000 | $92,000 | $92,000 | $24,000 | $24,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 Market House Mortgage, LLC's 2005 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 Market House Mortgage, LLC'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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