Midtown Bank & Trust Company Mortgage Lending & HMDA Data, 2013
In 2013, Midtown Bank & Trust Company of Atlanta, GA reported 166 mortgage applications totaling $48.9 million, down 52% from 2012. The average application was for $294,289, and applicants reported an average income of $149,686. 14% of its applications resulted in an originated loan and 39% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (125), Columbus, GA-AL (4) and Nashville-Davidson--Murfreesboro--Franklin, TN (3) (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 | 166 |
| Total Mortgage Loan Application Amount | $48,852,000 |
| Average Mortgage Loan Application Amount | $294,289 |
| Highest Mortgage Loan Application Amount | $4,786,000 |
| Average Applicant Income | $149,686 |
| Highest Applicant Income | $2,843,000 |
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records Midtown Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 125 | $ 40,578,000 | $ 324,624 | $ 165,000 |
| Columbus, GA-AL | 4 | $ 808,000 | $ 202,000 | $ 132,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 627,000 | $ 209,000 | $ 99,000 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 1,004,000 | $ 502,000 | $ 38,000 |
| Knoxville, TN | 2 | $ 440,000 | $ 220,000 | $ 157,000 |
| Memphis, TN-MS-AR | 2 | $ 270,000 | $ 135,000 | $ 61,000 |
| Athens-Clarke County, GA | 1 | $ 165,000 | $ 165,000 | $ 48,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 1 | $ 106,000 | $ 106,000 | $ 47,000 |
| Columbia, SC | 1 | $ 55,000 | $ 55,000 | $ 64,000 |
| Gainesville, GA | 1 | $ 327,000 | $ 327,000 | $ 249,000 |
| Gulfport-Biloxi, MS | 1 | $ 104,000 | $ 104,000 | $ 49,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 341,000 | $ 341,000 | $ 444,000 |
| Owensboro, KY | 1 | $ 126,000 | $ 126,000 | $ 50,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 172,000 | $ 172,000 | $ 132,000 |
| Savannah, GA | 1 | $ 208,000 | $ 208,000 | $ 59,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 212,000 | $ 212,000 | $ 10,000 |
| Warner Robins, GA | 1 | $ 178,000 | $ 178,000 | $ 65,000 |
Mortgage Loan Application Detail Totals for Midtown Bank & Trust Company in 2013
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 | 135 | $39,654,000 | $293,000 | $4,786,000 | $160,000 | $2,843,000 |
| Home Purchase | 29 | $7,685,000 | $265,000 | $1,000,000 | $112,000 | $441,000 |
| Home Improvement | 2 | $1,513,000 | $756,000 | $1,350,000 | $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 | 117 | $29,540,000 | $252,000 | $1,205,000 | $149,000 | $974,000 |
| Not applicable | 19 | $13,667,000 | $719,000 | $4,786,000 | $0 | $0 |
| Not Provided | 15 | $2,976,000 | $198,000 | $1,014,000 | $393,000 | $2,843,000 |
| Asian | 8 | $1,508,000 | $188,000 | $272,000 | $120,000 | $175,000 |
| Black or African American | 5 | $859,000 | $171,000 | $260,000 | $60,000 | $143,000 |
| Hispanic | 2 | $302,000 | $151,000 | $208,000 | $133,000 | $207,000 |
| 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) | 160 | $47,938,000 | $299,000 | $4,786,000 | $154,000 | $2,843,000 |
| FHA-insured (Federal Housing Administration) | 6 | $914,000 | $152,000 | $265,000 | $32,000 | $76,000 |
| 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 Denied By Financial Institution | 64 | $15,953,000 | $249,000 | $1,205,000 | $129,000 | $855,000 |
| Application Withdrawn By Applicant | 47 | $11,380,000 | $242,000 | $508,000 | $134,000 | $520,000 |
| File Closed For Incompleteness | 25 | $6,646,000 | $265,000 | $1,350,000 | $98,000 | $438,000 |
| Loan Originated | 24 | $12,033,000 | $501,000 | $4,786,000 | $270,000 | $2,843,000 |
| Application Approved But Not Accepted | 6 | $2,840,000 | $473,000 | $1,200,000 | $222,000 | $974,000 |
| 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 | 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 |
| 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 2013 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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