Marketplace Home Mortgage, LLC Mortgage Lending & HMDA Data, 2014
In 2014, Marketplace Home Mortgage, LLC of Edina, MN reported 3,033 mortgage applications totaling $620.5 million, down 6% from 2013. The average application was for $204,589, and applicants reported an average income of $100,974. 72% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (2,312), Naples-Immokalee-Marco Island, FL (113) and Cape Coral-Fort Myers, FL (91) (applications in parentheses).
| Mortgage Company & Address | Marketplace Home Mortgage, LLC 7380 France Ave S, Ste 200 Edina, MN 55435 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 3,033 |
| Total Mortgage Loan Application Amount | $620,521,000 |
| Average Mortgage Loan Application Amount | $204,589 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $100,974 |
| Highest Applicant Income | $3,696,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Marketplace Home Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Marketplace Home Mortgage, LLC in 2014
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 | 2,278 | $445,365,000 | $195,000 | $1,540,000 | $95,000 | $3,696,000 |
| Refinancing | 755 | $175,156,000 | $231,000 | $2,500,000 | $119,000 | $3,143,000 |
| 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 | 2,621 | $546,143,000 | $208,000 | $2,500,000 | $104,000 | $3,696,000 |
| Asian | 140 | $24,027,000 | $171,000 | $617,000 | $71,000 | $248,000 |
| Not Provided | 94 | $19,036,000 | $202,000 | $1,344,000 | $104,000 | $735,000 |
| Hispanic | 85 | $15,339,000 | $180,000 | $750,000 | $73,000 | $290,000 |
| Black or African American | 74 | $12,455,000 | $168,000 | $555,000 | $66,000 | $229,000 |
| American Indian or Alaskan Native | 13 | $2,693,000 | $207,000 | $324,000 | $84,000 | $175,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $828,000 | $138,000 | $263,000 | $78,000 | $87,000 |
| 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) | 2,122 | $463,923,000 | $218,000 | $2,500,000 | $118,000 | $3,696,000 |
| FHA-insured (Federal Housing Administration) | 741 | $121,915,000 | $164,000 | $371,000 | $59,000 | $375,000 |
| VA-guaranteed (Veterans Administration) | 140 | $30,052,000 | $214,000 | $495,000 | $76,000 | $201,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 30 | $4,631,000 | $154,000 | $245,000 | $54,000 | $104,000 |
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 | 2,182 | $448,654,000 | $205,000 | $1,604,000 | $98,000 | $3,143,000 |
| Application Withdrawn By Applicant | 584 | $118,400,000 | $202,000 | $2,500,000 | $105,000 | $3,000,000 |
| File Closed For Incompleteness | 199 | $40,859,000 | $205,000 | $1,330,000 | $123,000 | $3,696,000 |
| Application Denied By Financial Institution | 54 | $9,790,000 | $181,000 | $880,000 | $88,000 | $358,000 |
| Application Approved But Not Accepted | 14 | $2,818,000 | $201,000 | $344,000 | $71,000 | $142,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 12 | $2,075,000 | $172,000 | $344,000 | $71,000 | $149,000 |
| Debt-To-Income Ratio | 10 | $1,806,000 | $180,000 | $238,000 | $55,000 | $124,000 |
| Collateral | 9 | $1,880,000 | $208,000 | $750,000 | $133,000 | $358,000 |
| Other | 8 | $2,175,000 | $271,000 | $880,000 | $122,000 | $277,000 |
| Employment History | 5 | $406,000 | $81,000 | $126,000 | $53,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $342,000 | $171,000 | $176,000 | $48,000 | $58,000 |
| Unverifiable Information | 1 | $167,000 | $167,000 | $167,000 | $184,000 | $184,000 |
| Credit Application Incomplete | 1 | $161,000 | $161,000 | $161,000 | $34,000 | $34,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Marketplace Home Mortgage, LLC's 2014 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 Marketplace Home 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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