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records Mid-Atlantic Financial Service filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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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