Midtown Bank & Trust Company Mortgage Lending & HMDA Data, 2008
In 2008, Midtown Bank & Trust Company of Atlanta, GA reported 42 mortgage applications totaling $9.9 million, down 2% from 2007. The average application was for $234,738, and applicants reported an average income of $368,761. 33% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (38), Nashville-Davidson--Murfreesboro--Franklin, TN (3) and Sioux Falls, SD (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 | 42 |
| Total Mortgage Loan Application Amount | $9,859,000 |
| Average Mortgage Loan Application Amount | $234,738 |
| Highest Mortgage Loan Application Amount | $1,232,000 |
| Average Applicant Income | $368,761 |
| Highest Applicant Income | $8,554,000 |
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records Midtown Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 25 | $ 7,182,000 | $ 287,280 | $ 559,000 |
| DeKalb, Georgia | 6 | $ 1,115,000 | $ 185,833 | $ 123,000 |
| Cobb, Georgia | 4 | $ 746,000 | $ 186,500 | $ 83,000 |
| Davidson, Tennessee | 2 | $ 206,000 | $ 103,000 | $ 49,000 |
| Douglas, Georgia | 1 | $ 71,000 | $ 71,000 | $ 66,000 |
| Gwinnett, Georgia | 1 | $ 147,000 | $ 147,000 | $ 48,000 |
| Meriwether, Georgia | 1 | $ 144,000 | $ 144,000 | $ 68,000 |
| Turner, South Dakota | 1 | $ 73,000 | $ 73,000 | $ 40,000 |
| Rutherford, Tennessee | 1 | $ 175,000 | $ 175,000 | $ 132,000 |
Mortgage Loan Application Detail Totals for Midtown Bank & Trust Company in 2008
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 | 24 | $5,586,000 | $232,000 | $1,013,000 | $192,000 | $1,831,000 |
| Refinancing | 16 | $3,673,000 | $229,000 | $1,232,000 | $641,000 | $8,554,000 |
| Home Improvement | 2 | $600,000 | $300,000 | $500,000 | $312,000 | $350,000 |
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 | 29 | $6,486,000 | $223,000 | $1,232,000 | $501,000 | $8,554,000 |
| Black or African American | 5 | $876,000 | $175,000 | $331,000 | $96,000 | $150,000 |
| Not applicable | 3 | $1,995,000 | $665,000 | $1,013,000 | $0 | $0 |
| Not Provided | 3 | $282,000 | $94,000 | $180,000 | $95,000 | $118,000 |
| Hispanic | 1 | $180,000 | $180,000 | $180,000 | $79,000 | $79,000 |
| American Indian or Alaskan Native | 1 | $40,000 | $40,000 | $40,000 | $130,000 | $130,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 40 | $9,317,000 | $232,000 | $1,232,000 | $383,000 | $8,554,000 |
| FHA-insured (Federal Housing Administration) | 2 | $542,000 | $271,000 | $331,000 | $99,000 | $107,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 23 | $4,159,000 | $180,000 | $498,000 | $120,000 | $329,000 |
| Loan Originated | 14 | $4,860,000 | $347,000 | $1,232,000 | $865,000 | $8,554,000 |
| Application Denied By Financial Institution | 5 | $840,000 | $168,000 | $391,000 | $126,000 | $253,000 |
| 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 | 3 | $610,000 | $203,000 | $391,000 | $151,000 | $253,000 |
| Debt-To-Income Ratio | 1 | $167,000 | $167,000 | $167,000 | $92,000 | $92,000 |
| Collateral | 1 | $63,000 | $63,000 | $63,000 | $84,000 | $84,000 |
| Credit Application Incomplete | 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midtown Bank & Trust Company's 2008 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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