Midtown Bank & Trust Company Mortgage Lending & HMDA Data, 2009
In 2009, Midtown Bank & Trust Company of Atlanta, GA reported 51 mortgage applications totaling $19.8 million, up 21% from 2008. The average application was for $387,647, and applicants reported an average income of $155,352. 29% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (40), Brunswick, GA (2) and Los Angeles-Long Beach-Glendale, CA (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 | 51 |
| Total Mortgage Loan Application Amount | $19,770,000 |
| Average Mortgage Loan Application Amount | $387,647 |
| Highest Mortgage Loan Application Amount | $1,997,000 |
| Average Applicant Income | $155,352 |
| Highest Applicant Income | $1,062,000 |
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records Midtown Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 23 | $ 11,167,000 | $ 485,521 | $ 185,000 |
| Cobb, Georgia | 6 | $ 2,100,000 | $ 350,000 | $ 63,000 |
| DeKalb, Georgia | 5 | $ 1,004,000 | $ 200,800 | $ 111,000 |
| Gwinnett, Georgia | 3 | $ 717,000 | $ 239,000 | $ 72,000 |
| Glynn, Georgia | 2 | $ 457,000 | $ 228,500 | $ 128,000 |
| Henry, Georgia | 2 | $ 771,000 | $ 385,500 | $ 50,000 |
| Randolph, Alabama | 1 | $ 158,000 | $ 158,000 | $ 135,000 |
| Los Angeles, California | 1 | $ 800,000 | $ 800,000 | $ 63,000 |
| Bay, Florida | 1 | $ 254,000 | $ 254,000 | $ 204,000 |
| Walton, Florida | 1 | $ 713,000 | $ 713,000 | $ 536,000 |
| Chatham, Georgia | 1 | $ 527,000 | $ 527,000 | $ 235,000 |
| Cherokee, Georgia | 1 | $ 184,000 | $ 184,000 | $ 275,000 |
| Fannin, Georgia | 1 | $ 190,000 | $ 190,000 | $ 223,000 |
| Hancock, Georgia | 1 | $ 259,000 | $ 259,000 | $ 83,000 |
| Towns, Georgia | 1 | $ 252,000 | $ 252,000 | $ 342,000 |
| St. Tammany, Louisiana | 1 | $ 217,000 | $ 217,000 | $ 81,000 |
Mortgage Loan Application Detail Totals for Midtown Bank & Trust Company in 2009
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 | 37 | $14,740,000 | $398,000 | $1,997,000 | $164,000 | $1,062,000 |
| Home Purchase | 13 | $5,024,000 | $386,000 | $920,000 | $140,000 | $536,000 |
| Home Improvement | 1 | $6,000 | $6,000 | $6,000 | $35,000 | $35,000 |
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 | 36 | $12,767,000 | $354,000 | $1,997,000 | $187,000 | $1,062,000 |
| Not applicable | 5 | $3,898,000 | $779,000 | $1,711,000 | $0 | $0 |
| Black or African American | 5 | $1,448,000 | $289,000 | $920,000 | $122,000 | $245,000 |
| Asian | 2 | $727,000 | $363,000 | $617,000 | $122,000 | $127,000 |
| Not Provided | 2 | $403,000 | $201,000 | $207,000 | $65,000 | $130,000 |
| Hispanic | 1 | $527,000 | $527,000 | $527,000 | $235,000 | $235,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 48 | $19,059,000 | $397,000 | $1,997,000 | $160,000 | $1,062,000 |
| FHA-insured (Federal Housing Administration) | 3 | $711,000 | $237,000 | $259,000 | $78,000 | $83,000 |
| 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 | $6,625,000 | $288,000 | $1,500,000 | $193,000 | $1,062,000 |
| Loan Originated | 15 | $9,368,000 | $624,000 | $1,997,000 | $79,000 | $450,000 |
| Application Denied By Financial Institution | 11 | $2,707,000 | $246,000 | $713,000 | $181,000 | $536,000 |
| Application Approved But Not Accepted | 2 | $1,070,000 | $535,000 | $900,000 | $161,000 | $238,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 8 | $1,638,000 | $204,000 | $380,000 | $159,000 | $264,000 |
| Debt-To-Income Ratio | 1 | $246,000 | $246,000 | $246,000 | $60,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $713,000 | $713,000 | $713,000 | $536,000 | $536,000 |
| Other | 1 | $110,000 | $110,000 | $110,000 | $127,000 | $127,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midtown Bank & Trust Company's 2009 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.
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with aggregated HMDA statistics today.
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