Mid-Atlantic Financial Service Mortgage Lending & HMDA Data, 2007
In 2007, Mid-Atlantic Financial Service of Atlanta, GA reported 1,018 mortgage applications totaling $157.0 million, down 58% from 2006. The average application was for $154,182, and applicants reported an average income of $60,850. 70% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (618), Charlotte-Gastonia-Concord, NC-SC (41) and Jacksonville, FL (33) (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 | 1,018 |
| Total Mortgage Loan Application Amount | $156,958,000 |
| Average Mortgage Loan Application Amount | $154,182 |
| Highest Mortgage Loan Application Amount | $848,000 |
| Average Applicant Income | $60,850 |
| Highest Applicant Income | $573,000 |
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records Mid-Atlantic Financial Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 618 | $ 98,243,000 | $ 158,969 | $ 60,000 |
| Charlotte-Gastonia-Concord, NC-SC | 41 | $ 9,602,000 | $ 234,195 | $ 86,902 |
| Jacksonville, FL | 33 | $ 4,182,000 | $ 126,727 | $ 72,000 |
| Columbus, GA-AL | 22 | $ 2,505,000 | $ 113,863 | $ 62,909 |
| Savannah, GA | 20 | $ 2,525,000 | $ 126,250 | $ 44,000 |
| Albany, GA | 15 | $ 1,256,000 | $ 83,733 | $ 43,000 |
| Macon, GA | 15 | $ 1,769,000 | $ 117,933 | $ 46,000 |
| Augusta-Richmond County, GA-SC | 12 | $ 1,177,000 | $ 98,083 | $ 48,166 |
| Rome, GA | 10 | $ 871,000 | $ 87,100 | $ 83,000 |
| Chattanooga, TN-GA | 9 | $ 1,251,000 | $ 139,000 | $ 49,000 |
| Orlando-Kissimmee, FL | 9 | $ 1,830,000 | $ 203,333 | $ 70,000 |
| Valdosta, GA | 9 | $ 1,132,000 | $ 125,777 | $ 59,000 |
| Warner Robins, GA | 9 | $ 1,018,000 | $ 113,111 | $ 59,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 9 | $ 2,039,000 | $ 226,555 | $ 84,777 |
| Auburn-Opelika, AL | 8 | $ 1,226,000 | $ 153,250 | $ 92,000 |
| Baltimore-Towson, MD | 7 | $ 894,000 | $ 127,714 | $ 40,000 |
| Athens-Clarke County, GA | 6 | $ 1,273,000 | $ 212,166 | $ 93,000 |
| Florence, SC | 6 | $ 1,033,000 | $ 172,166 | $ 53,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 6 | $ 813,000 | $ 135,500 | $ 38,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 5 | $ 896,000 | $ 179,200 | $ 64,000 |
| Gainesville, GA | 4 | $ 797,000 | $ 199,250 | $ 80,000 |
| Greensboro-High Point, NC | 4 | $ 491,000 | $ 122,750 | $ 31,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 544,000 | $ 136,000 | $ 49,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 762,000 | $ 190,500 | $ 57,000 |
| Asheville, NC | 3 | $ 348,000 | $ 116,000 | $ 180,000 |
| Dalton, GA | 3 | $ 430,000 | $ 143,333 | $ 44,000 |
| Lakeland, FL | 3 | $ 306,000 | $ 102,000 | $ 29,000 |
| Richmond, VA | 3 | $ 420,000 | $ 140,000 | $ 43,000 |
| Roanoke, VA | 3 | $ 467,000 | $ 155,666 | $ 52,000 |
| Hinesville-Fort Stewart, GA | 2 | $ 246,000 | $ 123,000 | $ 78,000 |
| Memphis, TN-MS-AR | 2 | $ 223,000 | $ 111,500 | $ 37,000 |
| Brunswick, GA | 1 | $ 86,000 | $ 86,000 | $ 55,000 |
| Charlottesville, VA | 1 | $ 134,000 | $ 134,000 | $ 60,000 |
| Clarksville, TN-KY | 1 | $ 99,000 | $ 99,000 | $ 28,000 |
| Cleveland, TN | 1 | $ 140,000 | $ 140,000 | $ 39,000 |
| Danville, VA | 1 | $ 101,000 | $ 101,000 | $ 55,000 |
| Gadsden, AL | 1 | $ 127,000 | $ 127,000 | $ 44,000 |
| Goldsboro, NC | 1 | $ 126,000 | $ 126,000 | $ 58,000 |
| Greenville, NC | 1 | $ 82,000 | $ 82,000 | $ 43,000 |
| Greenville-Mauldin-Easley, SC | 1 | $ 165,000 | $ 165,000 | $ 41,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 90,000 | $ 90,000 | $ 21,000 |
| Naples-Marco Island, FL | 1 | $ 216,000 | $ 216,000 | $ 55,000 |
| Panama City-Lynn Haven, FL | 1 | $ 317,000 | $ 317,000 | $ 573,000 |
| Punta Gorda, FL | 1 | $ 158,000 | $ 158,000 | $ 41,000 |
| Raleigh-Cary, NC | 1 | $ 114,000 | $ 114,000 | $ 26,000 |
| Rocky Mount, NC | 1 | $ 93,000 | $ 93,000 | $ 23,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 170,000 | $ 170,000 | $ 65,000 |
| St. Louis, MO-IL | 1 | $ 60,000 | $ 60,000 | $ 58,000 |
| Wilmington, NC | 1 | $ 200,000 | $ 200,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Mid-Atlantic Financial Service in 2007
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 | 644 | $96,200,000 | $149,000 | $848,000 | $57,000 | $573,000 |
| Home Purchase | 327 | $55,011,000 | $168,000 | $635,000 | $71,000 | $465,000 |
| Home Improvement | 47 | $5,747,000 | $122,000 | $405,000 | $43,000 | $111,000 |
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 |
|---|---|---|---|---|---|---|
| Black or African American | 397 | $53,213,000 | $134,000 | $417,000 | $47,000 | $465,000 |
| White | 380 | $63,259,000 | $166,000 | $635,000 | $71,000 | $450,000 |
| Not Provided | 204 | $34,006,000 | $166,000 | $848,000 | $69,000 | $573,000 |
| Hispanic | 18 | $2,647,000 | $147,000 | $271,000 | $51,000 | $95,000 |
| Asian | 9 | $2,428,000 | $269,000 | $604,000 | $79,000 | $198,000 |
| American Indian or Alaskan Native | 5 | $792,000 | $158,000 | $251,000 | $85,000 | $192,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $613,000 | $122,000 | $190,000 | $76,000 | $131,000 |
| 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) | 613 | $101,370,000 | $165,000 | $848,000 | $73,000 | $573,000 |
| FHA-insured (Federal Housing Administration) | 398 | $54,646,000 | $137,000 | $288,000 | $44,000 | $127,000 |
| VA-guaranteed (Veterans Administration) | 7 | $942,000 | $134,000 | $170,000 | $39,000 | $71,000 |
| 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 | 711 | $110,584,000 | $155,000 | $848,000 | $62,000 | $465,000 |
| Application Denied By Financial Institution | 195 | $27,449,000 | $140,000 | $610,000 | $52,000 | $220,000 |
| Application Withdrawn By Applicant | 82 | $13,633,000 | $166,000 | $624,000 | $71,000 | $573,000 |
| Application Approved But Not Accepted | 25 | $4,179,000 | $167,000 | $604,000 | $80,000 | $251,000 |
| Loan Purchased By The Institution | 3 | $810,000 | $270,000 | $492,000 | $80,000 | $100,000 |
| File Closed For Incompleteness | 2 | $303,000 | $151,000 | $187,000 | $48,000 | $53,000 |
| 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 | 37 | $5,089,000 | $137,000 | $280,000 | $43,000 | $189,000 |
| Debt-To-Income Ratio | 33 | $4,714,000 | $142,000 | $267,000 | $42,000 | $100,000 |
| Collateral | 16 | $1,771,000 | $110,000 | $219,000 | $38,000 | $98,000 |
| Credit Application Incomplete | 8 | $973,000 | $121,000 | $202,000 | $46,000 | $108,000 |
| Employment History | 7 | $914,000 | $130,000 | $257,000 | $66,000 | $104,000 |
| Other | 4 | $465,000 | $116,000 | $128,000 | $27,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $892,000 | $297,000 | $610,000 | $95,000 | $220,000 |
| Unverifiable Information | 2 | $310,000 | $155,000 | $270,000 | $54,000 | $92,000 |
| Mortgage Insurance Denied | 1 | $217,000 | $217,000 | $217,000 | $96,000 | $96,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Atlantic Financial Service's 2007 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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