Midtown Bank & Trust Company Mortgage Lending & HMDA Data, 2010
In 2010, Midtown Bank & Trust Company of Atlanta, GA reported 73 mortgage applications totaling $21.0 million, up 43% from 2009. The average application was for $287,616, and applicants reported an average income of $164,260. 7% of its applications resulted in an originated loan and 37% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (69) and Warner Robins, GA (1).
| 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 | 73 |
| Total Mortgage Loan Application Amount | $20,996,000 |
| Average Mortgage Loan Application Amount | $287,616 |
| Highest Mortgage Loan Application Amount | $2,556,000 |
| Average Applicant Income | $164,260 |
| Highest Applicant Income | $1,189,000 |
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records Midtown Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 22 | $ 7,210,000 | $ 327,727 | $ 213,000 |
| Cobb, Georgia | 16 | $ 2,589,000 | $ 161,812 | $ 153,000 |
| DeKalb, Georgia | 11 | $ 2,856,000 | $ 259,636 | $ 127,000 |
| Gwinnett, Georgia | 8 | $ 1,798,000 | $ 224,750 | $ 147,000 |
| Forsyth, Georgia | 4 | $ 811,000 | $ 202,750 | $ 218,000 |
| Walton, Florida | 2 | $ 2,973,000 | $ 1,486,500 | $ 64,000 |
| Cherokee, Georgia | 2 | $ 719,000 | $ 359,500 | $ 133,000 |
| Rockdale, Georgia | 2 | $ 513,000 | $ 256,500 | $ 92,000 |
| Walton, Georgia | 2 | $ 645,000 | $ 322,500 | $ 173,000 |
| Fayette, Georgia | 1 | $ 228,000 | $ 228,000 | $ 118,000 |
| Houston, Georgia | 1 | $ 263,000 | $ 263,000 | $ 74,000 |
| Paulding, Georgia | 1 | $ 196,000 | $ 196,000 | $ 84,000 |
| Macon, North Carolina | 1 | $ 195,000 | $ 195,000 | $ 210,000 |
Mortgage Loan Application Detail Totals for Midtown Bank & Trust Company in 2010
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 | 59 | $15,310,000 | $259,000 | $1,680,000 | $154,000 | $630,000 |
| Home Purchase | 13 | $5,683,000 | $437,000 | $2,556,000 | $219,000 | $1,189,000 |
| Home Improvement | 1 | $3,000 | $3,000 | $3,000 | $58,000 | $58,000 |
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 | 56 | $15,111,000 | $269,000 | $1,680,000 | $187,000 | $1,189,000 |
| Not Provided | 7 | $997,000 | $142,000 | $242,000 | $80,000 | $171,000 |
| Asian | 4 | $924,000 | $231,000 | $264,000 | $113,000 | $134,000 |
| Black or African American | 3 | $655,000 | $218,000 | $312,000 | $54,000 | $81,000 |
| Hispanic | 2 | $753,000 | $376,000 | $417,000 | $162,000 | $170,000 |
| Not applicable | 1 | $2,556,000 | $2,556,000 | $2,556,000 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 68 | $19,774,000 | $290,000 | $2,556,000 | $172,000 | $1,189,000 |
| FHA-insured (Federal Housing Administration) | 5 | $1,222,000 | $244,000 | $334,000 | $61,000 | $92,000 |
| 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 | 36 | $7,957,000 | $221,000 | $417,000 | $155,000 | $420,000 |
| Application Denied By Financial Institution | 27 | $6,469,000 | $239,000 | $417,000 | $112,000 | $250,000 |
| Loan Originated | 5 | $3,766,000 | $753,000 | $2,556,000 | $413,000 | $1,189,000 |
| Application Approved But Not Accepted | 3 | $2,477,000 | $825,000 | $1,680,000 | $396,000 | $630,000 |
| File Closed For Incompleteness | 2 | $327,000 | $163,000 | $213,000 | $70,000 | $106,000 |
| 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 | 15 | $3,804,000 | $253,000 | $417,000 | $124,000 | $250,000 |
| Debt-To-Income Ratio | 6 | $1,563,000 | $260,000 | $410,000 | $102,000 | $210,000 |
| Credit History | 3 | $151,000 | $50,000 | $98,000 | $64,000 | $85,000 |
| Unverifiable Information | 2 | $687,000 | $343,000 | $417,000 | $112,000 | $128,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $264,000 | $264,000 | $264,000 | $134,000 | $134,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midtown Bank & Trust Company's 2010 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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