Midstate Federal S&L Assn Mortgage Lending & HMDA Data, 2003
In 2003, Midstate Federal S&L Assn of Baltimore, MD reported 110 mortgage applications totaling $16.4 million. The average application was for $149,281, and applicants reported an average income of $108,354. 95% of its applications resulted in an originated loan and 1% were denied. Its largest market was Baltimore, MD (101).
| Mortgage Company & Address | Midstate Federal S&L Assn 6810 York Road Baltimore, MD 21212 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 110 |
| Total Mortgage Loan Application Amount | $16,421,000 |
| Average Mortgage Loan Application Amount | $149,281 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $108,354 |
| Highest Applicant Income | $1,711,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midstate Federal S&L Assn filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Midstate Federal S&L Assn in 2003
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 |
|---|---|---|---|---|---|---|
| Home Purchase (one-to-four family) | 42 | $6,677,000 | $158,000 | $1,000,000 | $98,500 | $511,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 42 | $5,608,000 | $154,500 | $300,000 | $91,000 | $1,711,000 |
| Home Improvement (one-to-four family) | 19 | $2,383,000 | $155,500 | $220,000 | $102,000 | $193,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 7 | $1,753,000 | $250,000 | $445,000 | $0 | $0 |
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 | 66 | $10,666,000 | $172,500 | $1,000,000 | $141,500 | $1,711,000 |
| Not applicable | 31 | $3,706,000 | $97,500 | $445,000 | $0 | $49,000 |
| Information not provided by applicant in mail or telephone application | 7 | $1,552,000 | $221,000 | $526,000 | $71,000 | $175,000 |
| Black | 6 | $497,000 | $82,000 | $200,000 | $77,000 | $168,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 110 | $16,421,000 | $160,500 | $1,000,000 | $86,000 | $1,711,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 105 | $15,969,000 | $162,000 | $1,000,000 | $71,000 | $1,711,000 |
| Application Approved But Not Accepted | 4 | $388,000 | $97,000 | $216,000 | $263,000 | $480,000 |
| Application Denied By Financial Institution | 1 | $64,000 | $64,000 | $64,000 | $53,000 | $53,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Mortgage Insurance Denied | 1 | $64,000 | $64,000 | $64,000 | $53,000 | $53,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midstate Federal S&L Assn's 2003 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 Midstate Federal S&L Assn'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.
For a list of all lenders in Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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