Marriott Employees' Federal Credit Union Mortgage Lending & HMDA Data, 2021
In 2021, Marriott Employees' Federal Credit Union of Bethesda, MD reported 85 mortgage applications totaling $15.2 million, down 31% from 2020. The average application was for $179,352, and applicants reported an average income of $116,952. 46% of its applications resulted in an originated loan and 35% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (13), Atlanta-Sandy Springs-Roswell, GA (10) and Washington-Baltimore-Arlington, DC (10) (applications in parentheses).
| Mortgage Company & Address | Marriott Employees' Federal Credit Union P.O. Box 6006 Bethesda, MD 20827 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 85 |
| Total Mortgage Loan Application Amount | $15,245,000 |
| Average Mortgage Loan Application Amount | $179,352 |
| Highest Mortgage Loan Application Amount | $705,000 |
| Average Applicant Income | $116,952 |
| Highest Applicant Income | $331,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Marriott Employees' Federal Credit Union filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 13 | $ 3,285,000 | $ 252,692 | $ 131,307 |
| Atlanta-Sandy Springs-Roswell, GA | 10 | $ 1,690,000 | $ 169,000 | $ 94,000 |
| Washington-Baltimore-Arlington, DC | 10 | $ 1,130,000 | $ 113,000 | $ 127,000 |
| New Orleans-Metairie, LA | 4 | $ 580,000 | $ 145,000 | $ 115,000 |
| New York-Jersey City-White Plains, NY-NJ | 3 | $ 1,105,000 | $ 368,333 | $ 97,333 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 1,105,000 | $ 368,333 | $ 173,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 365,000 | $ 121,666 | $ 178,000 |
| Anaheim-Santa Ana-Irvine, CA | 2 | $ 70,000 | $ 35,000 | $ 40,000 |
| Charlotte-Concord-Gastonia, NC-SC | 2 | $ 580,000 | $ 290,000 | $ 97,000 |
| Cleveland-Elyria, OH | 2 | $ 200,000 | $ 100,000 | $ 91,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 160,000 | $ 80,000 | $ 60,000 |
| Los Angeles-Long Beach-Glendale, CA | 2 | $ 340,000 | $ 170,000 | $ 113,000 |
| Outside any metro area | 2 | $ 180,000 | $ 90,000 | $ 221,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 450,000 | $ 225,000 | $ 97,000 |
| Nassau County-Suffolk County, NY | 2 | $ 130,000 | $ 65,000 | $ 107,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 100,000 | $ 50,000 | $ 95,000 |
| Akron, OH | 1 | $ 35,000 | $ 35,000 | $ 87,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 145,000 | $ 145,000 | $ 180,000 |
| Bend-Redmond, OR | 1 | $ 55,000 | $ 55,000 | $ 75,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 95,000 | $ 95,000 | $ 22,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 45,000 | $ 45,000 | $ 87,000 |
| Greeley, CO | 1 | $ 105,000 | $ 105,000 | $ 178,000 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 65,000 | $ 65,000 | $ 26,000 |
| Little Rock-North Little Rock-Conway, AR | 1 | $ 15,000 | $ 15,000 | $ 29,000 |
| Montgomery, AL | 1 | $ 55,000 | $ 55,000 | $ 79,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 155,000 | $ 155,000 | $ 163,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 235,000 | $ 235,000 | $ 60,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 165,000 | $ 165,000 | $ 167,000 |
| Salisbury, MD-DE | 1 | $ 135,000 | $ 135,000 | $ 83,000 |
| Salt Lake City, UT | 1 | $ 635,000 | $ 635,000 | $ 215,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 155,000 | $ 155,000 | $ 98,000 |
| Sebring, FL | 1 | $ 55,000 | $ 55,000 | $ 89,000 |
| State College, PA | 1 | $ 595,000 | $ 595,000 | $ 258,000 |
| Urban Honolulu, HI | 1 | $ 515,000 | $ 515,000 | $ 206,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 105,000 | $ 105,000 | $ 70,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 205,000 | $ 205,000 | $ 148,000 |
| Winston-Salem, NC | 1 | $ 205,000 | $ 205,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Marriott Employees' Federal Credit Union in 2021
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 Improvement | 31 | $4,135,000 | $133,000 | $605,000 | $139,000 | $331,000 |
| Refinancing | 29 | $5,565,000 | $191,000 | $705,000 | $89,000 | $233,000 |
| Cash-out Refinancing | 11 | $3,805,000 | $345,000 | $635,000 | $148,000 | $258,000 |
| Other Purpose | 9 | $515,000 | $57,000 | $155,000 | $97,000 | $213,000 |
| Home Purchase | 5 | $1,225,000 | $245,000 | $445,000 | $110,000 | $186,000 |
| Not Applicable | 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 | 37 | $6,545,000 | $176,000 | $705,000 | $138,000 | $331,000 |
| Not Provided | 21 | $3,715,000 | $176,000 | $635,000 | $127,000 | $323,000 |
| Black or African American | 15 | $2,685,000 | $179,000 | $435,000 | $77,000 | $232,000 |
| Hispanic | 7 | $1,635,000 | $233,000 | $415,000 | $92,000 | $208,000 |
| Asian | 5 | $665,000 | $133,000 | $275,000 | $77,000 | $114,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 85 | $15,245,000 | $179,000 | $705,000 | $117,000 | $331,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 39 | $6,675,000 | $171,000 | $605,000 | $137,000 | $331,000 |
| Application Denied By Financial Institution | 30 | $5,390,000 | $179,000 | $635,000 | $87,000 | $215,000 |
| Application Withdrawn By Applicant | 15 | $2,905,000 | $193,000 | $705,000 | $130,000 | $323,000 |
| File Closed For Incompleteness | 1 | $275,000 | $275,000 | $275,000 | $65,000 | $65,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 55 | $9,855,000 | $179,000 | $705,000 | $133,000 | $331,000 |
| Credit History | 10 | $1,590,000 | $159,000 | $435,000 | $107,000 | $189,000 |
| Debt-To-Income Ratio | 10 | $1,440,000 | $144,000 | $255,000 | $46,000 | $79,000 |
| Collateral | 6 | $1,180,000 | $196,000 | $445,000 | $78,000 | $128,000 |
| Credit Application Incomplete | 4 | $1,180,000 | $295,000 | $635,000 | $151,000 | $215,000 |
| Other | 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 Marriott Employees' Federal Credit Union's 2021 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 Marriott Employees' Federal Credit Union'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 Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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