Meridias Capital Incorporated Mortgage Lending & HMDA Data, 2008
In 2008, Meridias Capital Incorporated of Charlotte, NC reported 872 mortgage applications totaling $205.8 million. The average application was for $235,977, and applicants reported an average income of $79,952. 35% of its applications resulted in an originated loan and 62% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (42), Los Angeles-Long Beach-Glendale, CA (39) and Riverside-San Bernardino-Ontario, CA (38) (applications in parentheses).
| Mortgage Company & Address | Meridias Capital Incorporated P.O. Box 241429 Charlotte, NC 28273 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2006 2005 |
| Total Number of Mortgage Applications | 872 |
| Total Mortgage Loan Application Amount | $205,772,000 |
| Average Mortgage Loan Application Amount | $235,977 |
| Highest Mortgage Loan Application Amount | $1,723,000 |
| Average Applicant Income | $79,952 |
| Highest Applicant Income | $2,329,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Meridias Capital Incorporated filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Meridias Capital Incorporated 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 | 862 | $203,996,000 | $236,000 | $1,723,000 | $79,000 | $2,329,000 |
| Home Purchase | 9 | $1,654,000 | $183,000 | $360,000 | $178,000 | $999,000 |
| Home Improvement | 1 | $122,000 | $122,000 | $122,000 | $19,000 | $19,000 |
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 | 664 | $157,498,000 | $237,000 | $1,723,000 | $81,000 | $2,329,000 |
| Hispanic | 74 | $17,236,000 | $232,000 | $1,237,000 | $69,000 | $294,000 |
| Black or African American | 63 | $13,815,000 | $219,000 | $1,436,000 | $70,000 | $328,000 |
| Not Provided | 49 | $10,446,000 | $213,000 | $556,000 | $65,000 | $174,000 |
| Asian | 18 | $5,465,000 | $303,000 | $748,000 | $173,000 | $1,047,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,234,000 | $411,000 | $452,000 | $77,000 | $98,000 |
| American Indian or Alaskan Native | 1 | $78,000 | $78,000 | $78,000 | $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) | 588 | $156,913,000 | $266,000 | $1,723,000 | $89,000 | $2,329,000 |
| FHA-insured (Federal Housing Administration) | 284 | $48,859,000 | $172,000 | $729,000 | $61,000 | $228,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 545 | $135,700,000 | $248,000 | $1,723,000 | $75,000 | $2,329,000 |
| Loan Originated | 306 | $65,658,000 | $214,000 | $1,300,000 | $88,000 | $999,000 |
| Application Withdrawn By Applicant | 10 | $2,165,000 | $216,000 | $556,000 | $82,000 | $144,000 |
| File Closed For Incompleteness | 10 | $1,889,000 | $188,000 | $446,000 | $78,000 | $180,000 |
| Preapproval Approved but not Accepted | 1 | $360,000 | $360,000 | $360,000 | $186,000 | $186,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 7 | $1,266,000 | $180,000 | $662,000 | $54,000 | $159,000 |
| Debt-To-Income Ratio | 3 | $583,000 | $194,000 | $271,000 | $74,000 | $94,000 |
| Collateral | 3 | $334,000 | $111,000 | $220,000 | $34,000 | $53,000 |
| Other | 1 | $73,000 | $73,000 | $73,000 | $1,047,000 | $1,047,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Meridias Capital Incorporated'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 Meridias Capital Incorporated'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 North Carolina, download the full spreadsheet
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