Mid-Atlantic Financial Service Mortgage Lending & HMDA Data, 2005
In 2005, Mid-Atlantic Financial Service of Atlanta, GA reported 2,724 mortgage applications totaling $335.9 million, up 20% from 2004. The average application was for $123,295, and applicants reported an average income of $55,102. 54% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (2,107), Columbus, GA-AL (48) and Gainesville, GA (35) (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 | 2,724 |
| Total Mortgage Loan Application Amount | $335,858,000 |
| Average Mortgage Loan Application Amount | $123,295 |
| Highest Mortgage Loan Application Amount | $1,024,000 |
| Average Applicant Income | $55,102 |
| Highest Applicant Income | $1,219,000 |
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records Mid-Atlantic Financial Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,107 | $ 266,620,000 | $ 126,540 | $ 56,000 |
| Columbus, GA-AL | 48 | $ 4,544,000 | $ 94,666 | $ 49,000 |
| Gainesville, GA | 35 | $ 3,054,000 | $ 87,257 | $ 37,000 |
| Jacksonville, FL | 29 | $ 2,498,000 | $ 86,137 | $ 41,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 22 | $ 2,958,000 | $ 134,454 | $ 42,000 |
| Macon, GA | 18 | $ 1,725,000 | $ 95,833 | $ 43,000 |
| Orlando, FL | 18 | $ 2,287,000 | $ 127,055 | $ 45,000 |
| Richmond, VA | 17 | $ 2,021,000 | $ 118,882 | $ 52,000 |
| Albany, GA | 16 | $ 1,272,000 | $ 79,500 | $ 47,000 |
| Savannah, GA | 16 | $ 2,129,000 | $ 133,062 | $ 63,000 |
| Augusta-Richmond County, GA-SC | 15 | $ 1,968,000 | $ 131,200 | $ 97,000 |
| Rome, GA | 15 | $ 1,658,000 | $ 110,533 | $ 45,000 |
| Lakeland, FL | 13 | $ 1,274,000 | $ 98,000 | $ 38,000 |
| Dalton, GA | 12 | $ 1,107,000 | $ 92,250 | $ 42,000 |
| Tampa-St. Petersburg-Clearwater, FL | 12 | $ 1,703,000 | $ 141,916 | $ 174,000 |
| Warner Robins, GA | 11 | $ 1,069,000 | $ 97,181 | $ 69,000 |
| Nashville-Davidson--Murfreesboro, TN | 10 | $ 760,000 | $ 76,000 | $ 47,000 |
| Sarasota-Bradenton-Venice, FL | 10 | $ 1,496,000 | $ 149,600 | $ 40,000 |
| Cape Coral-Fort Myers, FL | 7 | $ 900,000 | $ 128,571 | $ 28,000 |
| Birmingham-Hoover, AL | 6 | $ 393,000 | $ 65,500 | $ 49,000 |
| Chattanooga, TN-GA | 6 | $ 555,000 | $ 92,500 | $ 48,000 |
| Kansas City, MO-KS | 6 | $ 430,000 | $ 71,666 | $ 42,000 |
| Valdosta, GA | 6 | $ 468,000 | $ 78,000 | $ 32,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 5 | $ 585,000 | $ 117,000 | $ 64,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 1,382,000 | $ 276,400 | $ 235,000 |
| Baltimore-Towson, MD | 4 | $ 594,000 | $ 148,500 | $ 43,000 |
| Hinesville-Fort Stewart, GA | 4 | $ 199,000 | $ 49,750 | $ 46,000 |
| Roanoke, VA | 4 | $ 219,000 | $ 54,750 | $ 23,000 |
| Blacksburg-Christiansburg-Radford, VA | 3 | $ 450,000 | $ 150,000 | $ 86,000 |
| Brunswick, GA | 3 | $ 343,000 | $ 114,333 | $ 56,000 |
| Naples-Marco Island, FL | 3 | $ 602,000 | $ 200,666 | $ 80,000 |
| Athens-Clarke County, GA | 2 | $ 163,000 | $ 81,500 | $ 77,000 |
| Bethesda-Frederick-Gaithersburg, MD | 2 | $ 469,000 | $ 234,500 | $ 90,000 |
| Charlottesville, VA | 2 | $ 345,000 | $ 172,500 | $ 71,000 |
| Clarksville, TN-KY | 2 | $ 198,000 | $ 99,000 | $ 50,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 141,000 | $ 70,500 | $ 24,000 |
| Memphis, TN-MS-AR | 2 | $ 224,000 | $ 112,000 | $ 45,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 301,000 | $ 150,500 | $ 80,000 |
| Punta Gorda, FL | 2 | $ 315,000 | $ 157,500 | $ 45,000 |
| St. Louis, MO-IL | 2 | $ 290,000 | $ 145,000 | $ 40,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 675,000 | $ 337,500 | $ 760,000 |
| Auburn-Opelika, AL | 1 | $ 72,000 | $ 72,000 | $ 16,000 |
| Columbia, SC | 1 | $ 15,000 | $ 15,000 | $ 0 |
| Danville, VA | 1 | $ 108,000 | $ 108,000 | $ 59,000 |
| Gainesville, FL | 1 | $ 125,000 | $ 125,000 | $ 39,000 |
| Knoxville, TN | 1 | $ 114,000 | $ 114,000 | $ 37,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 105,000 | $ 105,000 | $ 39,000 |
| Mobile, AL | 1 | $ 80,000 | $ 80,000 | $ 59,000 |
| Montgomery, AL | 1 | $ 50,000 | $ 50,000 | $ 30,000 |
| Panama City-Lynn Haven, FL | 1 | $ 104,000 | $ 104,000 | $ 394,000 |
| Port St. Lucie-Fort Pierce, FL | 1 | $ 60,000 | $ 60,000 | $ 62,000 |
| Springfield, MO | 1 | $ 81,000 | $ 81,000 | $ 98,000 |
| Winchester, VA-WV | 1 | $ 270,000 | $ 270,000 | $ 99,000 |
Mortgage Loan Application Detail Totals for Mid-Atlantic Financial Service in 2005
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 | 2,207 | $273,008,000 | $119,125 | $1,000,000 | $67,375 | $1,219,000 |
| Home Purchase | 504 | $61,973,000 | $136,000 | $1,024,000 | $72,625 | $1,020,000 |
| Home Improvement | 13 | $877,000 | $72,250 | $94,000 | $65,500 | $180,000 |
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 | 1,408 | $182,231,000 | $131,000 | $1,024,000 | $61,875 | $1,219,000 |
| Black or African American | 997 | $111,459,000 | $84,714 | $712,000 | $43,285 | $394,000 |
| Not Provided | 209 | $27,919,000 | $129,833 | $675,000 | $69,500 | $744,000 |
| Hispanic | 72 | $8,140,000 | $173,333 | $514,000 | $72,166 | $132,000 |
| Asian | 23 | $3,253,000 | $161,750 | $421,000 | $51,750 | $160,000 |
| Native Hawaiian or Other Pacific Islander | 11 | $2,176,000 | $247,000 | $645,000 | $146,000 | $384,000 |
| American Indian or Alaskan Native | 4 | $680,000 | $170,000 | $297,000 | $71,000 | $109,000 |
| 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) | 2,513 | $309,787,000 | $125,125 | $1,024,000 | $70,875 | $1,219,000 |
| FHA-insured (Federal Housing Administration) | 189 | $23,161,000 | $102,000 | $231,000 | $32,500 | $144,000 |
| VA-guaranteed (Veterans Administration) | 22 | $2,910,000 | $125,500 | $250,000 | $40,500 | $108,000 |
| 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 | 1,458 | $185,516,000 | $146,142 | $1,000,000 | $87,857 | $1,219,000 |
| Application Withdrawn By Applicant | 1,104 | $130,674,000 | $96,500 | $1,024,000 | $49,250 | $760,000 |
| Application Denied By Financial Institution | 93 | $10,565,000 | $97,000 | $418,000 | $37,400 | $334,000 |
| Application Approved But Not Accepted | 69 | $9,103,000 | $150,400 | $950,000 | $87,600 | $1,020,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 8 | $987,000 | $123,000 | $418,000 | $105,000 | $334,000 |
| Credit History | 5 | $578,000 | $99,500 | $226,000 | $32,500 | $74,000 |
| Debt-To-Income Ratio | 4 | $432,000 | $108,000 | $196,000 | $36,000 | $59,000 |
| Employment History | 2 | $191,000 | $95,000 | $153,000 | $90,000 | $90,000 |
| Collateral | 1 | $54,000 | $54,000 | $54,000 | $41,000 | $41,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Mid-Atlantic Financial Service's 2005 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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