Mde Home Loans LLC Mortgage Lending & HMDA Data, 2014

In 2014, Mde Home Loans LLC of Tinton Falls, NJ reported 351 mortgage applications totaling $102.3 million. The average application was for $291,427, and applicants reported an average income of $111,965. 43% of its applications resulted in an originated loan and 21% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (84), Camden, NJ (74) and Newark, NJ-PA (36) (applications in parentheses).

Mortgage Company & Address Mde Home Loans LLC
766 Shrewsbury Avenue
Tinton Falls, NJ 07724
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  
Total Number of Mortgage Applications 351
Total Mortgage Loan Application Amount $102,291,000
Average Mortgage Loan Application Amount $291,427
Highest Mortgage Loan Application Amount $1,500,000
Average Applicant Income $111,965
Highest Applicant Income $508,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mde Home Loans LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Mde Home Loans 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 305 $88,863,000 $291,000 $1,500,000 $110,000 $492,000
Refinancing 46 $13,428,000 $291,000 $636,000 $125,000 $508,000
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 229 $65,365,000 $285,000 $1,500,000 $118,000 $508,000
Black or African American 54 $16,724,000 $309,000 $1,000,000 $96,000 $400,000
Asian 36 $11,190,000 $310,000 $980,000 $100,000 $258,000
Hispanic 17 $4,858,000 $285,000 $477,000 $109,000 $241,000
Not Provided 13 $3,534,000 $271,000 $536,000 $115,000 $240,000
American Indian or Alaskan Native 2 $620,000 $310,000 $503,000 $101,000 $145,000
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) 221 $62,886,000 $284,000 $1,500,000 $122,000 $508,000
FHA-insured (Federal Housing Administration) 111 $33,875,000 $305,000 $636,000 $96,000 $267,000
VA-guaranteed (Veterans Administration) 15 $4,804,000 $320,000 $838,000 $94,000 $228,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4 $726,000 $181,000 $247,000 $51,000 $69,000

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 151 $44,490,000 $294,000 $1,500,000 $116,000 $508,000
Application Withdrawn By Applicant 116 $34,437,000 $296,000 $980,000 $113,000 $465,000
Application Denied By Financial Institution 72 $19,698,000 $273,000 $636,000 $99,000 $258,000
File Closed For Incompleteness 11 $3,249,000 $295,000 $610,000 $118,000 $350,000
Application Approved But Not Accepted 1 $417,000 $417,000 $417,000 $133,000 $133,000
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
Debt-To-Income Ratio 8 $2,283,000 $285,000 $417,000 $88,000 $133,000
Collateral 3 $568,000 $189,000 $244,000 $84,000 $117,000
Credit History 2 $847,000 $423,000 $503,000 $133,000 $145,000
Credit Application Incomplete 1 $248,000 $248,000 $248,000 $258,000 $258,000
Other 1 $167,000 $167,000 $167,000 $38,000 $38,000
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 Mde Home Loans 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 Mde Home Loans 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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