Midtown Bank & Trust Company Mortgage Lending & HMDA Data, 2006
In 2006, Midtown Bank & Trust Company of Atlanta, GA reported 117 mortgage applications totaling $18.1 million. The average application was for $154,341, and applicants reported an average income of $138,222. 50% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (113), Augusta-Richmond County, GA-SC (1) and Brunswick, GA (1) (applications in parentheses).
| Mortgage Company & Address | Midtown Bank & Trust Company 712 West Peachtree St Atlanta, GA 30308 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 117 |
| Total Mortgage Loan Application Amount | $18,058,000 |
| Average Mortgage Loan Application Amount | $154,341 |
| Highest Mortgage Loan Application Amount | $1,170,000 |
| Average Applicant Income | $138,222 |
| Highest Applicant Income | $1,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midtown Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fulton, Georgia | 89 | $ 14,039,000 | $ 157,741 | $ 150,000 |
| DeKalb, Georgia | 17 | $ 2,875,000 | $ 169,117 | $ 53,000 |
| Cobb, Georgia | 5 | $ 472,000 | $ 94,400 | $ 54,000 |
| Gordon, Georgia | 2 | $ 143,000 | $ 71,500 | $ 198,000 |
| Clayton, Georgia | 1 | $ 114,000 | $ 114,000 | $ 37,000 |
| Glynn, Georgia | 1 | $ 247,000 | $ 247,000 | $ 0 |
| Henry, Georgia | 1 | $ 105,000 | $ 105,000 | $ 1,143,000 |
| Aiken, South Carolina | 1 | $ 63,000 | $ 63,000 | $ 99,000 |
Mortgage Loan Application Detail Totals for Midtown Bank & Trust Company in 2006
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 | 104 | $14,249,000 | $137,000 | $1,170,000 | $125,000 | $1,800,000 |
| Refinancing | 13 | $3,809,000 | $293,000 | $1,000,000 | $244,000 | $1,143,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $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 | 63 | $6,778,000 | $107,000 | $1,000,000 | $167,000 | $1,800,000 |
| Black or African American | 27 | $3,337,000 | $123,000 | $373,000 | $145,000 | $1,143,000 |
| Not applicable | 11 | $6,779,000 | $616,000 | $1,170,000 | $0 | $0 |
| Hispanic | 6 | $641,000 | $106,000 | $200,000 | $145,000 | $200,000 |
| Asian | 6 | $359,000 | $59,000 | $190,000 | $83,000 | $166,000 |
| Not Provided | 2 | $74,000 | $37,000 | $42,000 | $68,000 | $70,000 |
| American Indian or Alaskan Native | 1 | $48,000 | $48,000 | $48,000 | $195,000 | $195,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $42,000 | $42,000 | $42,000 | $103,000 | $103,000 |
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) | 117 | $18,058,000 | $154,000 | $1,170,000 | $138,000 | $1,800,000 |
| 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 | 59 | $9,216,000 | $156,000 | $1,170,000 | $111,000 | $600,000 |
| Application Withdrawn By Applicant | 42 | $6,677,000 | $158,000 | $1,000,000 | $206,000 | $1,800,000 |
| Application Denied By Financial Institution | 16 | $2,165,000 | $135,000 | $329,000 | $64,000 | $162,000 |
| Application Approved But Not Accepted | 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 |
| 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 | 11 | $1,605,000 | $145,000 | $329,000 | $53,000 | $162,000 |
| Unverifiable Information | 4 | $497,000 | $124,000 | $248,000 | $86,000 | $90,000 |
| Collateral | 1 | $63,000 | $63,000 | $63,000 | $99,000 | $99,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midtown Bank & Trust Company's 2006 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 Midtown Bank & Trust Company'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 Georgia, download the full spreadsheet
with aggregated HMDA statistics today.
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