Midtown Bank & Trust Company Mortgage Lending & HMDA Data, 2011
In 2011, Midtown Bank & Trust Company of Atlanta, GA reported 250 mortgage applications totaling $64.7 million, up 242% from 2010. The average application was for $258,920, and applicants reported an average income of $122,844. 9% of its applications resulted in an originated loan and 58% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (204), Gainesville, GA (6) and Savannah, GA (4) (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 | 250 |
| Total Mortgage Loan Application Amount | $64,730,000 |
| Average Mortgage Loan Application Amount | $258,920 |
| Highest Mortgage Loan Application Amount | $1,990,000 |
| Average Applicant Income | $122,844 |
| Highest Applicant Income | $480,000 |
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records Midtown Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 204 | $ 53,554,000 | $ 262,519 | $ 119,000 |
| Gainesville, GA | 6 | $ 1,407,000 | $ 234,500 | $ 147,000 |
| Savannah, GA | 4 | $ 1,329,000 | $ 332,250 | $ 91,000 |
| Albany, GA | 2 | $ 292,000 | $ 146,000 | $ 94,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 2 | $ 272,000 | $ 136,000 | $ 82,000 |
| Warner Robins, GA | 2 | $ 446,000 | $ 223,000 | $ 91,000 |
| Anderson, SC | 1 | $ 200,000 | $ 200,000 | $ 136,000 |
| Athens-Clarke County, GA | 1 | $ 396,000 | $ 396,000 | $ 358,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 370,000 | $ 370,000 | $ 197,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 150,000 | $ 150,000 | $ 360,000 |
| Brunswick, GA | 1 | $ 475,000 | $ 475,000 | $ 98,000 |
| Columbus, GA-AL | 1 | $ 387,000 | $ 387,000 | $ 225,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 209,000 | $ 209,000 | $ 86,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 245,000 | $ 245,000 | $ 360,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 159,000 | $ 159,000 | $ 94,000 |
| Knoxville, TN | 1 | $ 371,000 | $ 371,000 | $ 97,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 371,000 | $ 371,000 | $ 230,000 |
| Port St. Lucie, FL | 1 | $ 211,000 | $ 211,000 | $ 214,000 |
Mortgage Loan Application Detail Totals for Midtown Bank & Trust Company in 2011
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 | 229 | $59,021,000 | $257,000 | $1,990,000 | $121,000 | $480,000 |
| Home Purchase | 20 | $5,559,000 | $277,000 | $560,000 | $141,000 | $374,000 |
| Home Improvement | 1 | $150,000 | $150,000 | $150,000 | $182,000 | $182,000 |
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 | 196 | $52,518,000 | $267,000 | $1,990,000 | $129,000 | $480,000 |
| Not Provided | 26 | $5,722,000 | $220,000 | $785,000 | $113,000 | $431,000 |
| Asian | 11 | $2,486,000 | $226,000 | $417,000 | $104,000 | $245,000 |
| Black or African American | 9 | $1,533,000 | $170,000 | $303,000 | $109,000 | $186,000 |
| Not applicable | 5 | $2,087,000 | $417,000 | $950,000 | $0 | $0 |
| Hispanic | 2 | $225,000 | $112,000 | $199,000 | $158,000 | $272,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $159,000 | $159,000 | $159,000 | $94,000 | $94,000 |
| 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) | 246 | $64,066,000 | $260,000 | $1,990,000 | $124,000 | $480,000 |
| FHA-insured (Federal Housing Administration) | 4 | $664,000 | $166,000 | $238,000 | $45,000 | $116,000 |
| 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 | 146 | $36,086,000 | $247,000 | $698,000 | $113,000 | $480,000 |
| Application Withdrawn By Applicant | 77 | $19,232,000 | $249,000 | $935,000 | $145,000 | $480,000 |
| Loan Originated | 23 | $8,470,000 | $368,000 | $1,990,000 | $108,000 | $431,000 |
| File Closed For Incompleteness | 2 | $585,000 | $292,000 | $387,000 | $172,000 | $225,000 |
| Application Approved But Not Accepted | 1 | $191,000 | $191,000 | $191,000 | $212,000 | $212,000 |
| Loan Purchased By The Institution | 1 | $166,000 | $166,000 | $166,000 | $64,000 | $64,000 |
| 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 | 61 | $14,210,000 | $232,000 | $664,000 | $113,000 | $358,000 |
| Credit Application Incomplete | 47 | $13,555,000 | $288,000 | $698,000 | $148,000 | $480,000 |
| Debt-To-Income Ratio | 21 | $4,604,000 | $219,000 | $689,000 | $50,000 | $106,000 |
| Other | 10 | $2,282,000 | $228,000 | $304,000 | $100,000 | $192,000 |
| Unverifiable Information | 3 | $803,000 | $267,000 | $358,000 | $118,000 | $130,000 |
| Credit History | 3 | $450,000 | $150,000 | $211,000 | $67,000 | $109,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midtown Bank & Trust Company's 2011 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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