Mid-Atlantic Financial Service Mortgage Lending & HMDA Data, 2008
In 2008, Mid-Atlantic Financial Service of Atlanta, GA reported 1,403 mortgage applications totaling $231.7 million, up 38% from 2007. The average application was for $165,168, and applicants reported an average income of $62,243. 59% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (747), Charlotte-Gastonia-Concord, NC-SC (59) and Columbus, GA-AL (32) (applications in parentheses).
| Mortgage Company & Address | Mid-Atlantic Financial Service 200 Galleria Parkway Suite 1300 Atlanta, GA 30008 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,403 |
| Total Mortgage Loan Application Amount | $231,732,000 |
| Average Mortgage Loan Application Amount | $165,168 |
| Highest Mortgage Loan Application Amount | $1,100,000 |
| Average Applicant Income | $62,243 |
| Highest Applicant Income | $1,105,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mid-Atlantic Financial Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 747 | $ 122,999,000 | $ 164,657 | $ 58,000 |
| Charlotte-Gastonia-Concord, NC-SC | 59 | $ 15,628,000 | $ 264,881 | $ 105,389 |
| Columbus, GA-AL | 32 | $ 4,115,000 | $ 128,593 | $ 68,750 |
| Savannah, GA | 28 | $ 4,356,000 | $ 155,571 | $ 47,000 |
| Athens-Clarke County, GA | 24 | $ 4,624,000 | $ 192,666 | $ 64,000 |
| Augusta-Richmond County, GA-SC | 22 | $ 3,007,000 | $ 136,681 | $ 48,454 |
| Macon, GA | 20 | $ 2,341,000 | $ 117,050 | $ 46,000 |
| Gainesville, GA | 16 | $ 2,732,000 | $ 170,750 | $ 103,000 |
| Birmingham-Hoover, AL | 15 | $ 2,174,000 | $ 144,933 | $ 49,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 15 | $ 2,520,000 | $ 168,000 | $ 32,000 |
| Auburn-Opelika, AL | 12 | $ 2,056,000 | $ 171,333 | $ 57,000 |
| Albany, GA | 11 | $ 1,445,000 | $ 131,363 | $ 63,000 |
| Chattanooga, TN-GA | 11 | $ 1,283,000 | $ 116,636 | $ 39,909 |
| Memphis, TN-MS-AR | 11 | $ 1,662,000 | $ 151,090 | $ 46,000 |
| Warner Robins, GA | 11 | $ 1,367,000 | $ 124,272 | $ 51,000 |
| Jacksonville, FL | 10 | $ 1,443,000 | $ 144,300 | $ 67,000 |
| Dalton, GA | 9 | $ 1,238,000 | $ 137,555 | $ 54,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 8 | $ 1,526,000 | $ 190,750 | $ 54,000 |
| Raleigh-Cary, NC | 8 | $ 1,566,000 | $ 195,750 | $ 61,000 |
| Richmond, VA | 7 | $ 1,322,000 | $ 188,857 | $ 55,000 |
| Rome, GA | 7 | $ 853,000 | $ 121,857 | $ 113,000 |
| Greenville-Mauldin-Easley, SC | 6 | $ 1,035,000 | $ 172,500 | $ 60,000 |
| Brunswick, GA | 5 | $ 666,000 | $ 133,200 | $ 33,000 |
| Charleston-North Charleston-Summerville, SC | 5 | $ 1,201,000 | $ 240,200 | $ 68,000 |
| Greensboro-High Point, NC | 5 | $ 889,000 | $ 177,800 | $ 67,000 |
| Knoxville, TN | 5 | $ 657,000 | $ 131,400 | $ 43,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 5 | $ 1,508,000 | $ 301,600 | $ 101,400 |
| Clarksville, TN-KY | 4 | $ 531,000 | $ 132,750 | $ 52,000 |
| Durham, NC | 4 | $ 696,000 | $ 174,000 | $ 52,000 |
| Mobile, AL | 4 | $ 625,000 | $ 156,250 | $ 40,000 |
| Dothan, AL | 3 | $ 429,000 | $ 143,000 | $ 50,000 |
| Fayetteville, NC | 3 | $ 507,000 | $ 169,000 | $ 89,000 |
| Florence, SC | 3 | $ 252,000 | $ 84,000 | $ 46,000 |
| Jacksonville, NC | 3 | $ 620,000 | $ 206,666 | $ 58,000 |
| Johnson City, TN | 3 | $ 381,000 | $ 127,000 | $ 61,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 639,000 | $ 213,000 | $ 213,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 772,000 | $ 257,333 | $ 105,000 |
| Wilmington, NC | 3 | $ 597,000 | $ 199,000 | $ 58,000 |
| Anderson, SC | 2 | $ 389,000 | $ 194,500 | $ 51,000 |
| Asheville, NC | 2 | $ 409,000 | $ 204,500 | $ 52,000 |
| Baltimore-Towson, MD | 2 | $ 454,000 | $ 227,000 | $ 70,000 |
| Florence-Muscle Shoals, AL | 2 | $ 176,000 | $ 88,000 | $ 30,000 |
| Hickory-Lenoir-Morganton, NC | 2 | $ 413,000 | $ 206,500 | $ 97,000 |
| Hinesville-Fort Stewart, GA | 2 | $ 297,000 | $ 148,500 | $ 69,000 |
| Lakeland-Winter Haven, FL | 2 | $ 261,000 | $ 130,500 | $ 44,000 |
| Montgomery, AL | 2 | $ 524,000 | $ 262,000 | $ 142,000 |
| Naples-Marco Island, FL | 2 | $ 410,000 | $ 205,000 | $ 75,000 |
| Orlando-Kissimmee, FL | 2 | $ 440,000 | $ 220,000 | $ 62,000 |
| Rocky Mount, NC | 2 | $ 216,000 | $ 108,000 | $ 32,000 |
| Valdosta, GA | 2 | $ 226,000 | $ 113,000 | $ 47,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 734,000 | $ 367,000 | $ 79,000 |
| Burlington, NC | 1 | $ 106,000 | $ 106,000 | $ 47,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 99,000 | $ 99,000 | $ 31,000 |
| Columbia, SC | 1 | $ 213,000 | $ 213,000 | $ 108,000 |
| Gadsden, AL | 1 | $ 119,000 | $ 119,000 | $ 63,000 |
| Goldsboro, NC | 1 | $ 183,000 | $ 183,000 | $ 71,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 124,000 | $ 124,000 | $ 43,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 180,000 | $ 180,000 | $ 50,000 |
| Palm Coast, FL | 1 | $ 161,000 | $ 161,000 | $ 60,000 |
| Panama City-Lynn Haven, FL | 1 | $ 212,000 | $ 212,000 | $ 1,105,000 |
| Sebastian-Vero Beach, FL | 1 | $ 185,000 | $ 185,000 | $ 41,000 |
| Spartanburg, SC | 1 | $ 82,000 | $ 82,000 | $ 35,000 |
| Tuscaloosa, AL | 1 | $ 193,000 | $ 193,000 | $ 53,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 370,000 | $ 370,000 | $ 103,000 |
| Wilmington, DE-MD-NJ | 1 | $ 206,000 | $ 206,000 | $ 57,000 |
Mortgage Loan Application Detail Totals for Mid-Atlantic Financial Service 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 | 1,002 | $162,321,000 | $161,000 | $495,000 | $58,000 | $772,000 |
| Home Purchase | 347 | $61,259,000 | $176,000 | $1,100,000 | $75,000 | $1,105,000 |
| Home Improvement | 54 | $8,152,000 | $150,000 | $370,000 | $59,000 | $220,000 |
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 | 683 | $117,361,000 | $171,000 | $588,000 | $71,000 | $1,105,000 |
| Black or African American | 414 | $65,674,000 | $158,000 | $1,100,000 | $52,000 | $280,000 |
| Not Provided | 244 | $37,973,000 | $155,000 | $417,000 | $56,000 | $553,000 |
| Hispanic | 39 | $6,259,000 | $160,000 | $417,000 | $54,000 | $180,000 |
| Asian | 11 | $2,059,000 | $187,000 | $354,000 | $67,000 | $204,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $1,394,000 | $199,000 | $287,000 | $60,000 | $124,000 |
| American Indian or Alaskan Native | 5 | $1,012,000 | $202,000 | $291,000 | $57,000 | $126,000 |
| 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) | 926 | $141,399,000 | $152,000 | $457,000 | $49,000 | $203,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 470 | $89,150,000 | $189,000 | $1,100,000 | $88,000 | $1,105,000 |
| VA-guaranteed (Veterans Administration) | 7 | $1,183,000 | $169,000 | $332,000 | $79,000 | $193,000 |
| 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 | 824 | $133,905,000 | $162,000 | $1,100,000 | $63,000 | $553,000 |
| Application Withdrawn By Applicant | 342 | $58,446,000 | $170,000 | $588,000 | $63,000 | $772,000 |
| Application Denied By Financial Institution | 201 | $33,172,000 | $165,000 | $417,000 | $59,000 | $1,105,000 |
| Application Approved But Not Accepted | 32 | $5,043,000 | $157,000 | $399,000 | $62,000 | $442,000 |
| File Closed For Incompleteness | 3 | $904,000 | $301,000 | $417,000 | $63,000 | $110,000 |
| Preapproval Denied by Financial Institution | 1 | $262,000 | $262,000 | $262,000 | $108,000 | $108,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 21 | $3,406,000 | $162,000 | $292,000 | $44,000 | $78,000 |
| Credit History | 18 | $2,405,000 | $133,000 | $184,000 | $30,000 | $101,000 |
| Credit Application Incomplete | 12 | $1,636,000 | $136,000 | $194,000 | $41,000 | $78,000 |
| Collateral | 11 | $1,377,000 | $125,000 | $182,000 | $54,000 | $121,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $550,000 | $183,000 | $278,000 | $55,000 | $86,000 |
| Unverifiable Information | 3 | $562,000 | $187,000 | $239,000 | $15,000 | $46,000 |
| Other | 1 | $255,000 | $255,000 | $255,000 | $36,000 | $36,000 |
| Employment History | 1 | $86,000 | $86,000 | $86,000 | $58,000 | $58,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Atlantic Financial Service'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 Mid-Atlantic Financial Service'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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