Mid-Atlantic Financial Service Mortgage Lending & HMDA Data, 2004
In 2004, Mid-Atlantic Financial Service of Atlanta, GA reported 2,262 mortgage applications totaling $284.4 million, up 4% from 2003. The average application was for $125,735, and applicants reported an average income of $48,116. 55% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (1,854), Gainesville, GA (43) and Columbus, GA-AL (38) (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 | 2,262 |
| Total Mortgage Loan Application Amount | $284,413,000 |
| Average Mortgage Loan Application Amount | $125,735 |
| Highest Mortgage Loan Application Amount | $850,000 |
| Average Applicant Income | $48,116 |
| Highest Applicant Income | $1,046,000 |
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records Mid-Atlantic Financial Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,854 | $ 241,401,000 | $ 130,205 | $ 49,000 |
| Gainesville, GA | 43 | $ 4,516,000 | $ 105,023 | $ 29,000 |
| Columbus, GA-AL | 38 | $ 3,060,000 | $ 80,526 | $ 39,000 |
| Jacksonville, FL | 34 | $ 4,283,000 | $ 125,970 | $ 55,000 |
| Orlando, FL | 29 | $ 3,717,000 | $ 128,172 | $ 52,000 |
| Nashville-Davidson--Murfreesboro, TN | 28 | $ 2,819,000 | $ 100,678 | $ 28,000 |
| Macon, GA | 26 | $ 2,005,000 | $ 77,115 | $ 33,000 |
| Memphis, TN-MS-AR | 18 | $ 1,888,000 | $ 104,888 | $ 58,000 |
| Dalton, GA | 14 | $ 1,234,000 | $ 88,142 | $ 40,000 |
| Rome, GA | 12 | $ 1,109,000 | $ 92,416 | $ 53,000 |
| Albany, GA | 9 | $ 659,000 | $ 73,222 | $ 46,000 |
| Chattanooga, TN-GA | 9 | $ 693,000 | $ 77,000 | $ 39,000 |
| Athens-Clarke County, GA | 7 | $ 971,000 | $ 138,714 | $ 75,000 |
| Knoxville, TN | 7 | $ 664,000 | $ 94,857 | $ 51,000 |
| Richmond, VA | 4 | $ 1,047,000 | $ 261,750 | $ 104,000 |
| Savannah, GA | 4 | $ 398,000 | $ 99,500 | $ 67,000 |
| Warner Robins, GA | 4 | $ 252,000 | $ 63,000 | $ 53,000 |
| Birmingham-Hoover, AL | 3 | $ 422,000 | $ 140,666 | $ 92,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 314,000 | $ 104,666 | $ 27,000 |
| Fort Walton Beach-Crestview-Destin, FL | 3 | $ 397,000 | $ 132,333 | $ 54,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 158,000 | $ 52,666 | $ 14,000 |
| Tallahassee, FL | 3 | $ 203,000 | $ 67,666 | $ 60,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 291,000 | $ 97,000 | $ 39,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 158,000 | $ 79,000 | $ 18,000 |
| Clarksville, TN-KY | 2 | $ 139,000 | $ 69,500 | $ 31,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 522,000 | $ 261,000 | $ 66,000 |
| Kingsport-Bristol-Bristol, TN-VA | 2 | $ 147,000 | $ 73,500 | $ 32,000 |
| Anderson, SC | 1 | $ 60,000 | $ 60,000 | $ 35,000 |
| Brunswick, GA | 1 | $ 177,000 | $ 177,000 | $ 0 |
| Charleston-North Charleston, SC | 1 | $ 84,000 | $ 84,000 | $ 52,000 |
| Johnson City, TN | 1 | $ 105,000 | $ 105,000 | $ 41,000 |
| Joplin, MO | 1 | $ 22,000 | $ 22,000 | $ 60,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 95,000 | $ 95,000 | $ 49,000 |
| Ocala, FL | 1 | $ 118,000 | $ 118,000 | $ 49,000 |
| Panama City-Lynn Haven, FL | 1 | $ 84,000 | $ 84,000 | $ 96,000 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 82,000 | $ 82,000 | $ 65,000 |
| Punta Gorda, FL | 1 | $ 314,000 | $ 314,000 | $ 69,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 84,000 | $ 84,000 | $ 24,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 50,000 | $ 50,000 | $ 100,000 |
| Valdosta, GA | 1 | $ 85,000 | $ 85,000 | $ 26,000 |
Mortgage Loan Application Detail Totals for Mid-Atlantic Financial Service in 2004
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 | 2,135 | $267,126,000 | $112,142 | $850,000 | $56,428 | $1,046,000 |
| Home Purchase | 125 | $17,160,000 | $148,200 | $438,000 | $72,000 | $486,000 |
| Home Improvement | 2 | $127,000 | $63,500 | $77,000 | $38,000 | $51,000 |
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 | 1,111 | $147,257,000 | $121,333 | $850,000 | $63,833 | $919,000 |
| Black or African American | 790 | $93,681,000 | $94,000 | $397,000 | $34,000 | $480,000 |
| Not Provided | 247 | $28,925,000 | $111,833 | $605,000 | $53,166 | $1,046,000 |
| Hispanic | 88 | $11,070,000 | $101,250 | $356,000 | $42,750 | $120,000 |
| Asian | 19 | $2,814,000 | $114,333 | $288,000 | $47,333 | $90,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $401,000 | $104,000 | $112,000 | $45,500 | $61,000 |
| American Indian or Alaskan Native | 3 | $265,000 | $88,000 | $119,000 | $48,000 | $86,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,938 | $244,001,000 | $110,857 | $850,000 | $57,000 | $1,046,000 |
| FHA-insured (Federal Housing Administration) | 306 | $38,113,000 | $124,666 | $227,000 | $42,000 | $98,000 |
| VA-guaranteed (Veterans Administration) | 18 | $2,299,000 | $97,333 | $240,000 | $35,000 | $76,000 |
| 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 | 1,238 | $158,392,000 | $119,857 | $605,000 | $56,142 | $919,000 |
| Application Withdrawn By Applicant | 794 | $97,420,000 | $86,000 | $600,000 | $55,428 | $1,046,000 |
| Application Denied By Financial Institution | 175 | $21,616,000 | $110,000 | $850,000 | $47,000 | $229,000 |
| Application Approved But Not Accepted | 55 | $6,985,000 | $140,666 | $306,000 | $48,666 | $185,000 |
| 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 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Atlantic Financial Service's 2004 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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