Mbs Mortgage Company LLC Mortgage Lending & HMDA Data, 2008
In 2008, Mbs Mortgage Company LLC of Wixom, MI reported 994 mortgage applications totaling $171.8 million, up 60% from 2007. The average application was for $172,865, and applicants reported an average income of $47,658. 59% of its applications resulted in an originated loan and 39% were denied. Its largest markets were Detroit-Livonia-Dearborn, MI (175), Warren-Troy-Farmington Hills, MI (148) and Seattle-Bellevue-Everett, WA (55) (applications in parentheses).
| Mortgage Company & Address | Mbs Mortgage Company LLC 28345 Beck Rd. Wixom, MI 48393 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 |
| Total Number of Mortgage Applications | 994 |
| Total Mortgage Loan Application Amount | $171,828,000 |
| Average Mortgage Loan Application Amount | $172,865 |
| Highest Mortgage Loan Application Amount | $720,000 |
| Average Applicant Income | $47,658 |
| Highest Applicant Income | $453,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mbs Mortgage Company LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Detroit-Livonia-Dearborn, MI | 175 | $ 20,799,000 | $ 118,851 | $ 60,000 |
| Warren-Troy-Farmington Hills, MI | 148 | $ 24,624,000 | $ 166,378 | $ 79,000 |
| Seattle-Bellevue-Everett, WA | 55 | $ 17,815,000 | $ 323,909 | $ 93,000 |
| Atlanta-Sandy Springs-Marietta, GA | 41 | $ 6,733,000 | $ 164,219 | $ 47,000 |
| Killeen-Temple-Fort Hood, TX | 38 | $ 4,822,000 | $ 126,894 | $ 0 |
| Tacoma, WA | 35 | $ 7,943,000 | $ 226,942 | $ 61,000 |
| Dallas-Plano-Irving, TX | 33 | $ 6,110,000 | $ 185,151 | $ 0 |
| Fort Worth-Arlington, TX | 22 | $ 3,703,000 | $ 168,318 | $ 0 |
| Colorado Springs, CO | 18 | $ 3,946,000 | $ 219,222 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 18 | $ 4,408,000 | $ 244,888 | $ 0 |
| Flint, MI | 17 | $ 1,513,000 | $ 89,000 | $ 41,000 |
| Denver-Aurora, CO | 15 | $ 3,760,000 | $ 250,666 | $ 0 |
| Houston-Sugar Land-Baytown, TX | 15 | $ 2,589,000 | $ 172,600 | $ 5,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 14 | $ 2,382,000 | $ 170,142 | $ 56,000 |
| San Antonio, TX | 13 | $ 1,848,000 | $ 142,153 | $ 0 |
| Ann Arbor, MI | 12 | $ 2,000,000 | $ 166,666 | $ 54,000 |
| Monroe, MI | 12 | $ 1,841,000 | $ 153,416 | $ 58,000 |
| Columbus, GA-AL | 11 | $ 1,866,000 | $ 169,636 | $ 21,000 |
| Jacksonville, NC | 8 | $ 1,046,000 | $ 130,750 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 8 | $ 1,515,000 | $ 189,375 | $ 42,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 8 | $ 1,845,000 | $ 230,625 | $ 0 |
| Kalamazoo-Portage, MI | 7 | $ 896,000 | $ 128,000 | $ 60,000 |
| Memphis, TN-MS-AR | 7 | $ 1,072,000 | $ 153,142 | $ 32,857 |
| Jackson, MS | 6 | $ 874,000 | $ 145,666 | $ 7,000 |
| Olympia, WA | 6 | $ 1,573,000 | $ 262,166 | $ 45,000 |
| Portland-Vancouver-Beaverton, OR-WA | 6 | $ 1,580,000 | $ 263,333 | $ 77,333 |
| Birmingham-Hoover, AL | 5 | $ 850,000 | $ 170,000 | $ 58,000 |
| Columbia, SC | 5 | $ 781,000 | $ 156,200 | $ 24,000 |
| Lansing-East Lansing, MI | 5 | $ 666,000 | $ 133,200 | $ 62,000 |
| Orlando-Kissimmee, FL | 5 | $ 1,264,000 | $ 252,800 | $ 25,000 |
| Anchorage, AK | 4 | $ 947,000 | $ 236,750 | $ 92,000 |
| Austin-Round Rock, TX | 4 | $ 597,000 | $ 149,250 | $ 0 |
| Bellingham, WA | 4 | $ 1,300,000 | $ 325,000 | $ 175,000 |
| El Paso, TX | 4 | $ 540,000 | $ 135,000 | $ 22,000 |
| Grand Junction, CO | 4 | $ 984,000 | $ 246,000 | $ 0 |
| Jacksonville, FL | 4 | $ 738,000 | $ 184,500 | $ 29,000 |
| Kansas City, MO-KS | 4 | $ 746,000 | $ 186,500 | $ 79,000 |
| Spokane, WA | 4 | $ 604,000 | $ 151,000 | $ 49,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 4 | $ 1,644,000 | $ 411,000 | $ 112,750 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 4 | $ 645,000 | $ 161,250 | $ 41,000 |
| Augusta-Richmond County, GA-SC | 3 | $ 523,000 | $ 174,333 | $ 30,000 |
| Bremerton-Silverdale, WA | 3 | $ 607,000 | $ 202,333 | $ 35,000 |
| Chattanooga, TN-GA | 3 | $ 274,000 | $ 91,333 | $ 41,666 |
| Fayetteville, NC | 3 | $ 262,000 | $ 87,333 | $ 0 |
| Greenville-Mauldin-Easley, SC | 3 | $ 465,000 | $ 155,000 | $ 0 |
| Kennewick-Pasco-Richland, WA | 3 | $ 642,000 | $ 214,000 | $ 43,000 |
| Montgomery, AL | 3 | $ 405,000 | $ 135,000 | $ 45,000 |
| Raleigh-Cary, NC | 3 | $ 618,000 | $ 206,000 | $ 51,000 |
| Saginaw-Saginaw Township North, MI | 3 | $ 283,000 | $ 94,333 | $ 45,000 |
| Savannah, GA | 3 | $ 578,000 | $ 192,666 | $ 89,000 |
| Tucson, AZ | 3 | $ 637,000 | $ 212,333 | $ 26,000 |
| Victoria, TX | 3 | $ 382,000 | $ 127,333 | $ 0 |
| Albany, GA | 2 | $ 246,000 | $ 123,000 | $ 14,000 |
| Bloomington, IN | 2 | $ 438,000 | $ 219,000 | $ 115,000 |
| Decatur, AL | 2 | $ 243,000 | $ 121,500 | $ 57,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 237,000 | $ 118,500 | $ 72,000 |
| Greensboro-High Point, NC | 2 | $ 330,000 | $ 165,000 | $ 57,000 |
| Holland-Grand Haven, MI | 2 | $ 366,000 | $ 183,000 | $ 58,000 |
| Indianapolis-Carmel, IN | 2 | $ 270,000 | $ 135,000 | $ 47,000 |
| Lakeland-Winter Haven, FL | 2 | $ 301,000 | $ 150,500 | $ 0 |
| Medford, OR | 2 | $ 591,000 | $ 295,500 | $ 56,000 |
| Port St. Lucie, FL | 2 | $ 355,000 | $ 177,500 | $ 0 |
| Pueblo, CO | 2 | $ 235,000 | $ 117,500 | $ 0 |
| Salem, OR | 2 | $ 380,000 | $ 190,000 | $ 66,000 |
| Tyler, TX | 2 | $ 196,000 | $ 98,000 | $ 0 |
| Yakima, WA | 2 | $ 281,000 | $ 140,500 | $ 43,000 |
| Alexandria, LA | 1 | $ 129,000 | $ 129,000 | $ 52,000 |
| Anderson, SC | 1 | $ 103,000 | $ 103,000 | $ 26,000 |
| Battle Creek, MI | 1 | $ 105,000 | $ 105,000 | $ 37,000 |
| Beaumont-Port Arthur, TX | 1 | $ 86,000 | $ 86,000 | $ 0 |
| Bend, OR | 1 | $ 227,000 | $ 227,000 | $ 73,000 |
| Bradenton-Sarasota-Venice, FL | 1 | $ 108,000 | $ 108,000 | $ 0 |
| Brownsville-Harlingen, TX | 1 | $ 109,000 | $ 109,000 | $ 0 |
| Burlington, NC | 1 | $ 235,000 | $ 235,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 1 | $ 273,000 | $ 273,000 | $ 0 |
| Columbia, MO | 1 | $ 131,000 | $ 131,000 | $ 81,000 |
| Eugene-Springfield, OR | 1 | $ 233,000 | $ 233,000 | $ 64,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 246,000 | $ 246,000 | $ 71,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 157,000 | $ 157,000 | $ 0 |
| Gainesville, GA | 1 | $ 99,000 | $ 99,000 | $ 50,000 |
| Gary, IN | 1 | $ 91,000 | $ 91,000 | $ 63,000 |
| Hattiesburg, MS | 1 | $ 107,000 | $ 107,000 | $ 0 |
| Jackson, MI | 1 | $ 208,000 | $ 208,000 | $ 23,000 |
| Joplin, MO | 1 | $ 85,000 | $ 85,000 | $ 38,000 |
| Knoxville, TN | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Longview, TX | 1 | $ 98,000 | $ 98,000 | $ 0 |
| Lubbock, TX | 1 | $ 83,000 | $ 83,000 | $ 0 |
| Macon, GA | 1 | $ 179,000 | $ 179,000 | $ 74,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 250,000 | $ 250,000 | $ 56,000 |
| Muskegon-Norton Shores, MI | 1 | $ 58,000 | $ 58,000 | $ 23,000 |
| Naples-Marco Island, FL | 1 | $ 228,000 | $ 228,000 | $ 0 |
| Niles-Benton Harbor, MI | 1 | $ 139,000 | $ 139,000 | $ 75,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 171,000 | $ 171,000 | $ 0 |
| Rocky Mount, NC | 1 | $ 177,000 | $ 177,000 | $ 74,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 432,000 | $ 432,000 | $ 122,000 |
| Sandusky, OH | 1 | $ 58,000 | $ 58,000 | $ 18,000 |
| Springfield, MO | 1 | $ 111,000 | $ 111,000 | $ 45,000 |
| Sumter, SC | 1 | $ 72,000 | $ 72,000 | $ 0 |
| Waco, TX | 1 | $ 144,000 | $ 144,000 | $ 0 |
| Warner Robins, GA | 1 | $ 124,000 | $ 124,000 | $ 73,000 |
| Wenatchee, WA | 1 | $ 269,000 | $ 269,000 | $ 100,000 |
| Wilmington, NC | 1 | $ 175,000 | $ 175,000 | $ 51,000 |
| Yuma, AZ | 1 | $ 183,000 | $ 183,000 | $ 0 |
Mortgage Loan Application Detail Totals for Mbs Mortgage Company LLC in 2008
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 |
|---|---|---|---|---|---|---|
| Refinancing | 605 | $112,729,000 | $186,000 | $720,000 | $35,000 | $299,000 |
| Home Purchase | 380 | $56,796,000 | $149,000 | $699,000 | $67,000 | $453,000 |
| Home Improvement | 9 | $2,303,000 | $255,000 | $520,000 | $82,000 | $157,000 |
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 | 626 | $109,348,000 | $174,000 | $720,000 | $51,000 | $453,000 |
| Black or African American | 198 | $30,465,000 | $153,000 | $650,000 | $38,000 | $451,000 |
| Not Provided | 78 | $15,316,000 | $196,000 | $699,000 | $61,000 | $276,000 |
| Hispanic | 63 | $10,824,000 | $171,000 | $546,000 | $24,000 | $295,000 |
| Asian | 16 | $3,405,000 | $212,000 | $370,000 | $76,000 | $201,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $1,240,000 | $177,000 | $357,000 | $37,000 | $73,000 |
| American Indian or Alaskan Native | 6 | $1,230,000 | $205,000 | $278,000 | $64,000 | $127,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 531 | $86,202,000 | $162,000 | $549,000 | $61,000 | $368,000 |
| VA-guaranteed (Veterans Administration) | 324 | $58,493,000 | $180,000 | $474,000 | $5,000 | $145,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 139 | $27,133,000 | $195,000 | $720,000 | $95,000 | $453,000 |
| 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 | 584 | $106,229,000 | $181,000 | $699,000 | $38,000 | $451,000 |
| Application Denied By Financial Institution | 388 | $62,573,000 | $161,000 | $720,000 | $63,000 | $453,000 |
| Application Approved But Not Accepted | 11 | $1,712,000 | $155,000 | $258,000 | $14,000 | $58,000 |
| Preapproval Denied by Financial Institution | 11 | $1,314,000 | $119,000 | $253,000 | $53,000 | $121,000 |
| Application Withdrawn By Applicant | 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 |
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 | 97 | $15,873,000 | $163,000 | $451,000 | $60,000 | $348,000 |
| Credit History | 50 | $6,808,000 | $136,000 | $271,000 | $58,000 | $169,000 |
| Debt-To-Income Ratio | 40 | $6,108,000 | $152,000 | $432,000 | $59,000 | $188,000 |
| Collateral | 40 | $5,479,000 | $136,000 | $520,000 | $69,000 | $295,000 |
| Credit Application Incomplete | 21 | $3,809,000 | $181,000 | $565,000 | $68,000 | $192,000 |
| Unverifiable Information | 19 | $3,227,000 | $169,000 | $720,000 | $70,000 | $188,000 |
| Employment History | 2 | $653,000 | $326,000 | $515,000 | $73,000 | $112,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $212,000 | $106,000 | $126,000 | $40,000 | $46,000 |
| Mortgage Insurance Denied | 2 | $197,000 | $98,000 | $109,000 | $87,000 | $127,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mbs Mortgage Company LLC's 2008 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 Mbs Mortgage Company 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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