Meridias Capital Incorporated Mortgage Lending & HMDA Data, 2009
In 2009, Meridias Capital Incorporated of Charlotte, NC reported 1,986 mortgage applications totaling $389.4 million, up 128% from 2008. The average application was for $196,054, and applicants reported an average income of $68,615. 38% of its applications resulted in an originated loan and 45% were denied. Its largest markets were Las Vegas-Paradise, NV (460), Atlanta-Sandy Springs-Marietta, GA (65) and Los Angeles-Long Beach-Glendale, CA (51) (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 | 1,986 |
| Total Mortgage Loan Application Amount | $389,364,000 |
| Average Mortgage Loan Application Amount | $196,054 |
| Highest Mortgage Loan Application Amount | $2,225,000 |
| Average Applicant Income | $68,615 |
| Highest Applicant Income | $1,620,000 |
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records Meridias Capital Incorporated filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 1,670 | $338,469,000 | $202,000 | $2,225,000 | $65,000 | $639,000 |
| Home Purchase | 315 | $50,773,000 | $161,000 | $730,000 | $88,000 | $1,620,000 |
| Home Improvement | 1 | $122,000 | $122,000 | $122,000 | $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 | 1,190 | $240,541,000 | $202,000 | $2,225,000 | $74,000 | $1,620,000 |
| Not Provided | 453 | $87,064,000 | $192,000 | $1,207,000 | $60,000 | $1,620,000 |
| Black or African American | 178 | $26,754,000 | $150,000 | $614,000 | $57,000 | $220,000 |
| Hispanic | 122 | $22,217,000 | $182,000 | $715,000 | $56,000 | $300,000 |
| Asian | 31 | $10,390,000 | $335,000 | $698,000 | $123,000 | $617,000 |
| American Indian or Alaskan Native | 6 | $935,000 | $155,000 | $227,000 | $67,000 | $140,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,463,000 | $243,000 | $810,000 | $48,000 | $78,000 |
| 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) | 1,074 | $192,279,000 | $179,000 | $810,000 | $53,000 | $356,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 884 | $191,433,000 | $216,000 | $2,225,000 | $89,000 | $1,620,000 |
| VA-guaranteed (Veterans Administration) | 28 | $5,652,000 | $201,000 | $426,000 | $50,000 | $161,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 898 | $167,262,000 | $186,000 | $1,742,000 | $55,000 | $542,000 |
| Loan Originated | 756 | $154,592,000 | $204,000 | $733,000 | $84,000 | $1,620,000 |
| Application Withdrawn By Applicant | 294 | $60,314,000 | $205,000 | $2,225,000 | $76,000 | $600,000 |
| File Closed For Incompleteness | 30 | $5,778,000 | $192,000 | $500,000 | $39,000 | $144,000 |
| Application Approved But Not Accepted | 8 | $1,418,000 | $177,000 | $279,000 | $77,000 | $167,000 |
| 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 | 204 | $32,987,000 | $161,000 | $1,250,000 | $44,000 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 53 | $12,495,000 | $235,000 | $1,742,000 | $83,000 | $306,000 |
| Debt-To-Income Ratio | 51 | $13,901,000 | $272,000 | $916,000 | $59,000 | $186,000 |
| Collateral | 35 | $5,535,000 | $158,000 | $518,000 | $75,000 | $344,000 |
| Other | 21 | $5,427,000 | $258,000 | $1,207,000 | $98,000 | $542,000 |
| Credit Application Incomplete | 7 | $1,094,000 | $156,000 | $520,000 | $42,000 | $113,000 |
| Employment History | 5 | $756,000 | $151,000 | $206,000 | $17,000 | $38,000 |
| Unverifiable Information | 2 | $1,046,000 | $523,000 | $742,000 | $120,000 | $154,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Meridias Capital Incorporated's 2009 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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