Midwest Loan Solutions, Inc. Mortgage Lending & HMDA Data, 2009
In 2009, Midwest Loan Solutions, Inc. of Southfield, MI reported 988 mortgage applications totaling $139.2 million, up 65% from 2008. The average application was for $140,862, and applicants reported an average income of $78,878. 65% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Dover, DE (140), State College, PA (93) and Wilmington, DE-MD-NJ (48) (applications in parentheses).
| Mortgage Company & Address | Midwest Loan Solutions, Inc. 29777 Telegraph Rd. Suite 3580 Southfield, MI 48034 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 988 |
| Total Mortgage Loan Application Amount | $139,172,000 |
| Average Mortgage Loan Application Amount | $140,862 |
| Highest Mortgage Loan Application Amount | $510,000 |
| Average Applicant Income | $78,878 |
| Highest Applicant Income | $531,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Midwest Loan Solutions, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Marquette, Michigan | 196 | $ 21,432,000 | $ 109,346 | $ 69,000 |
| Houghton, Michigan | 152 | $ 15,542,000 | $ 102,250 | $ 63,000 |
| Kent, Delaware | 140 | $ 21,818,000 | $ 155,842 | $ 87,000 |
| Centre, Pennsylvania | 93 | $ 14,068,000 | $ 151,268 | $ 86,000 |
| New Castle, Delaware | 42 | $ 8,069,000 | $ 192,119 | $ 97,000 |
| San Bernardino, California | 35 | $ 4,075,000 | $ 116,428 | $ 76,000 |
| Solano, California | 34 | $ 5,806,000 | $ 170,764 | $ 90,000 |
| Baraga, Michigan | 20 | $ 1,887,000 | $ 94,350 | $ 53,000 |
| Allegheny, Pennsylvania | 19 | $ 2,192,000 | $ 115,368 | $ 85,000 |
| Honolulu, Hawaii | 18 | $ 5,402,000 | $ 300,111 | $ 103,000 |
| Beaver, Pennsylvania | 10 | $ 704,000 | $ 70,400 | $ 56,000 |
| Huntingdon, Pennsylvania | 9 | $ 756,000 | $ 84,000 | $ 55,000 |
| Sussex, Delaware | 8 | $ 1,241,000 | $ 155,125 | $ 78,000 |
| Los Angeles, California | 6 | $ 1,886,000 | $ 314,333 | $ 106,000 |
| Cook, Illinois | 5 | $ 1,327,000 | $ 265,400 | $ 118,000 |
| Keweenaw, Michigan | 5 | $ 695,000 | $ 139,000 | $ 54,000 |
| Ontonagon, Michigan | 5 | $ 296,000 | $ 59,200 | $ 65,000 |
| Chester, Pennsylvania | 5 | $ 1,382,000 | $ 276,400 | $ 118,000 |
| Gogebic, Michigan | 4 | $ 368,000 | $ 92,000 | $ 38,000 |
| Buncombe, North Carolina | 4 | $ 453,000 | $ 113,250 | $ 89,000 |
| Blair, Pennsylvania | 4 | $ 465,000 | $ 116,250 | $ 64,000 |
| Contra Costa, California | 3 | $ 1,134,000 | $ 378,000 | $ 169,000 |
| Sacramento, California | 3 | $ 563,000 | $ 187,666 | $ 67,000 |
| San Diego, California | 3 | $ 1,162,000 | $ 387,333 | $ 90,000 |
| Cecil, Maryland | 3 | $ 459,000 | $ 153,000 | $ 57,000 |
| Alger, Michigan | 3 | $ 198,000 | $ 66,000 | $ 97,000 |
| Alpena, Michigan | 3 | $ 426,000 | $ 142,000 | $ 64,000 |
| Dickinson, Michigan | 3 | $ 308,000 | $ 102,666 | $ 60,000 |
| Bergen, New Jersey | 3 | $ 866,000 | $ 288,666 | $ 72,000 |
| Salem, New Jersey | 3 | $ 386,000 | $ 128,666 | $ 62,000 |
| Jefferson, Washington | 3 | $ 952,000 | $ 317,333 | $ 165,000 |
| Napa, California | 2 | $ 391,000 | $ 195,500 | $ 137,000 |
| Orange, California | 2 | $ 843,000 | $ 421,500 | $ 117,000 |
| DuPage, Illinois | 2 | $ 497,000 | $ 248,500 | $ 145,000 |
| Orleans, Louisiana | 2 | $ 184,000 | $ 92,000 | $ 33,000 |
| Queen Anne's, Maryland | 2 | $ 412,000 | $ 206,000 | $ 80,000 |
| Ingham, Michigan | 2 | $ 131,000 | $ 65,500 | $ 32,000 |
| Washtenaw, Michigan | 2 | $ 216,000 | $ 108,000 | $ 113,000 |
| Dakota, Minnesota | 2 | $ 521,000 | $ 260,500 | $ 122,000 |
| St. Louis, Missouri | 2 | $ 261,000 | $ 130,500 | $ 72,000 |
| Transylvania, North Carolina | 2 | $ 347,000 | $ 173,500 | $ 77,000 |
| Oklahoma, Oklahoma | 2 | $ 277,000 | $ 138,500 | $ 94,000 |
| Butler, Pennsylvania | 2 | $ 244,000 | $ 122,000 | $ 70,000 |
| Clearfield, Pennsylvania | 2 | $ 158,000 | $ 79,000 | $ 55,000 |
| Delaware, Pennsylvania | 2 | $ 364,000 | $ 182,000 | $ 116,000 |
| Erie, Pennsylvania | 2 | $ 319,000 | $ 159,500 | $ 98,000 |
| Mifflin, Pennsylvania | 2 | $ 318,000 | $ 159,000 | $ 90,000 |
| Philadelphia, Pennsylvania | 2 | $ 320,000 | $ 160,000 | $ 69,000 |
| Tarrant, Texas | 2 | $ 153,000 | $ 76,500 | $ 56,000 |
| Maricopa, Arizona | 1 | $ 84,000 | $ 84,000 | $ 71,000 |
| Pima, Arizona | 1 | $ 329,000 | $ 329,000 | $ 230,000 |
| Butte, California | 1 | $ 56,000 | $ 56,000 | $ 155,000 |
| Fresno, California | 1 | $ 92,000 | $ 92,000 | $ 49,000 |
| Kern, California | 1 | $ 401,000 | $ 401,000 | $ 114,000 |
| Mariposa, California | 1 | $ 160,000 | $ 160,000 | $ 124,000 |
| Merced, California | 1 | $ 119,000 | $ 119,000 | $ 68,000 |
| Placer, California | 1 | $ 295,000 | $ 295,000 | $ 163,000 |
| San Francisco, California | 1 | $ 395,000 | $ 395,000 | $ 73,000 |
| San Luis Obispo, California | 1 | $ 414,000 | $ 414,000 | $ 101,000 |
| Tehama, California | 1 | $ 104,000 | $ 104,000 | $ 89,000 |
| Yolo, California | 1 | $ 231,000 | $ 231,000 | $ 60,000 |
| Arapahoe, Colorado | 1 | $ 195,000 | $ 195,000 | $ 59,000 |
| Bent, Colorado | 1 | $ 18,000 | $ 18,000 | $ 32,000 |
| Denver, Colorado | 1 | $ 108,000 | $ 108,000 | $ 127,000 |
| El Paso, Colorado | 1 | $ 167,000 | $ 167,000 | $ 42,000 |
| Jefferson, Colorado | 1 | $ 222,000 | $ 222,000 | $ 61,000 |
| Rio Blanco, Colorado | 1 | $ 15,000 | $ 15,000 | $ 15,000 |
| Hartford, Connecticut | 1 | $ 104,000 | $ 104,000 | $ 39,000 |
| New London, Connecticut | 1 | $ 175,000 | $ 175,000 | $ 66,000 |
| Lee, Florida | 1 | $ 65,000 | $ 65,000 | $ 91,000 |
| Pinellas, Florida | 1 | $ 115,000 | $ 115,000 | $ 21,000 |
| Volusia, Florida | 1 | $ 400,000 | $ 400,000 | $ 125,000 |
| Carroll, Georgia | 1 | $ 135,000 | $ 135,000 | $ 80,000 |
| Cobb, Georgia | 1 | $ 113,000 | $ 113,000 | $ 45,000 |
| Gwinnett, Georgia | 1 | $ 370,000 | $ 370,000 | $ 405,000 |
| Henry, Georgia | 1 | $ 229,000 | $ 229,000 | $ 130,000 |
| Newton, Georgia | 1 | $ 150,000 | $ 150,000 | $ 87,000 |
| Lake, Illinois | 1 | $ 390,000 | $ 390,000 | $ 120,000 |
| McHenry, Illinois | 1 | $ 252,000 | $ 252,000 | $ 98,000 |
| St. Joseph, Indiana | 1 | $ 140,000 | $ 140,000 | $ 47,000 |
| Boone, Kentucky | 1 | $ 98,000 | $ 98,000 | $ 93,000 |
| Trimble, Kentucky | 1 | $ 170,000 | $ 170,000 | $ 106,000 |
| Calcasieu, Louisiana | 1 | $ 59,000 | $ 59,000 | $ 20,000 |
| Washington, Louisiana | 1 | $ 215,000 | $ 215,000 | $ 52,000 |
| York, Maine | 1 | $ 204,000 | $ 204,000 | $ 46,000 |
| Montgomery, Maryland | 1 | $ 417,000 | $ 417,000 | $ 116,000 |
| Prince George's, Maryland | 1 | $ 241,000 | $ 241,000 | $ 153,000 |
| Allegan, Michigan | 1 | $ 106,000 | $ 106,000 | $ 96,000 |
| Benzie, Michigan | 1 | $ 89,000 | $ 89,000 | $ 21,000 |
| Clinton, Michigan | 1 | $ 79,000 | $ 79,000 | $ 94,000 |
| Delta, Michigan | 1 | $ 108,000 | $ 108,000 | $ 56,000 |
| Kalamazoo, Michigan | 1 | $ 86,000 | $ 86,000 | $ 72,000 |
| Presque Isle, Michigan | 1 | $ 115,000 | $ 115,000 | $ 45,000 |
| Wayne, Michigan | 1 | $ 32,000 | $ 32,000 | $ 79,000 |
| Wexford, Michigan | 1 | $ 131,000 | $ 131,000 | $ 39,000 |
| Deer Lodge, Montana | 1 | $ 63,000 | $ 63,000 | $ 115,000 |
| Clark, Nevada | 1 | $ 54,000 | $ 54,000 | $ 176,000 |
| Essex, New Jersey | 1 | $ 248,000 | $ 248,000 | $ 60,000 |
| Gloucester, New Jersey | 1 | $ 270,000 | $ 270,000 | $ 88,000 |
| Mercer, New Jersey | 1 | $ 196,000 | $ 196,000 | $ 118,000 |
| Middlesex, New Jersey | 1 | $ 344,000 | $ 344,000 | $ 77,000 |
| Monmouth, New Jersey | 1 | $ 158,000 | $ 158,000 | $ 67,000 |
| Colfax, New Mexico | 1 | $ 53,000 | $ 53,000 | $ 35,000 |
| Cumberland, North Carolina | 1 | $ 93,000 | $ 93,000 | $ 164,000 |
| Dare, North Carolina | 1 | $ 408,000 | $ 408,000 | $ 531,000 |
| Forsyth, North Carolina | 1 | $ 92,000 | $ 92,000 | $ 38,000 |
| Guilford, North Carolina | 1 | $ 148,000 | $ 148,000 | $ 77,000 |
| McDowell, North Carolina | 1 | $ 175,000 | $ 175,000 | $ 118,000 |
| Onslow, North Carolina | 1 | $ 95,000 | $ 95,000 | $ 33,000 |
| Swain, North Carolina | 1 | $ 178,000 | $ 178,000 | $ 125,000 |
| Wake, North Carolina | 1 | $ 252,000 | $ 252,000 | $ 36,000 |
| Fairfield, Ohio | 1 | $ 84,000 | $ 84,000 | $ 114,000 |
| Hamilton, Ohio | 1 | $ 127,000 | $ 127,000 | $ 29,000 |
| Mahoning, Ohio | 1 | $ 23,000 | $ 23,000 | $ 155,000 |
| Marion, Ohio | 1 | $ 96,000 | $ 96,000 | $ 42,000 |
| Canadian, Oklahoma | 1 | $ 152,000 | $ 152,000 | $ 120,000 |
| Sequoyah, Oklahoma | 1 | $ 150,000 | $ 150,000 | $ 69,000 |
| Clinton, Pennsylvania | 1 | $ 180,000 | $ 180,000 | $ 70,000 |
| Cumberland, Pennsylvania | 1 | $ 182,000 | $ 182,000 | $ 50,000 |
| Lancaster, Pennsylvania | 1 | $ 302,000 | $ 302,000 | $ 106,000 |
| Lycoming, Pennsylvania | 1 | $ 232,000 | $ 232,000 | $ 203,000 |
| Washington, Pennsylvania | 1 | $ 61,000 | $ 61,000 | $ 42,000 |
| Westmoreland, Pennsylvania | 1 | $ 94,000 | $ 94,000 | $ 28,000 |
| York, Pennsylvania | 1 | $ 141,000 | $ 141,000 | $ 46,000 |
| York, South Carolina | 1 | $ 83,000 | $ 83,000 | $ 82,000 |
| Madison, Tennessee | 1 | $ 98,000 | $ 98,000 | $ 27,000 |
| Roane, Tennessee | 1 | $ 24,000 | $ 24,000 | $ 35,000 |
| Washington, Tennessee | 1 | $ 76,000 | $ 76,000 | $ 86,000 |
| Wilson, Tennessee | 1 | $ 60,000 | $ 60,000 | $ 36,000 |
| Dallas, Texas | 1 | $ 120,000 | $ 120,000 | $ 54,000 |
| Rockwall, Texas | 1 | $ 143,000 | $ 143,000 | $ 116,000 |
| Fairfax, Virginia | 1 | $ 227,000 | $ 227,000 | $ 180,000 |
| Henrico, Virginia | 1 | $ 110,000 | $ 110,000 | $ 56,000 |
| Richmond City, Virginia | 1 | $ 135,000 | $ 135,000 | $ 60,000 |
| Hancock, West Virginia | 1 | $ 63,000 | $ 63,000 | $ 75,000 |
| Brown, Wisconsin | 1 | $ 165,000 | $ 165,000 | $ 105,000 |
| Dane, Wisconsin | 1 | $ 153,000 | $ 153,000 | $ 194,000 |
| Douglas, Wisconsin | 1 | $ 73,000 | $ 73,000 | $ 64,000 |
| Outagamie, Wisconsin | 1 | $ 316,000 | $ 316,000 | $ 126,000 |
| Ozaukee, Wisconsin | 1 | $ 325,000 | $ 325,000 | $ 250,000 |
| Vilas, Wisconsin | 1 | $ 209,000 | $ 209,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for Midwest Loan Solutions, Inc. 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 | 815 | $120,499,000 | $147,000 | $510,000 | $82,000 | $531,000 |
| Home Purchase | 167 | $18,069,000 | $108,000 | $390,000 | $64,000 | $405,000 |
| Home Improvement | 6 | $604,000 | $100,000 | $131,000 | $69,000 | $106,000 |
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 | 722 | $95,965,000 | $132,000 | $510,000 | $77,000 | $531,000 |
| Not Provided | 173 | $26,815,000 | $155,000 | $456,000 | $88,000 | $531,000 |
| Black or African American | 42 | $7,230,000 | $172,000 | $482,000 | $76,000 | $214,000 |
| Hispanic | 25 | $3,596,000 | $143,000 | $389,000 | $73,000 | $120,000 |
| Asian | 15 | $2,855,000 | $190,000 | $417,000 | $83,000 | $154,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $2,506,000 | $278,000 | $507,000 | $81,000 | $166,000 |
| American Indian or Alaskan Native | 2 | $205,000 | $102,000 | $114,000 | $58,000 | $87,000 |
| Not applicable | 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) | 988 | $139,172,000 | $140,000 | $510,000 | $79,000 | $531,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 647 | $86,426,000 | $133,000 | $510,000 | $79,000 | $531,000 |
| Application Approved But Not Accepted | 206 | $34,108,000 | $165,000 | $496,000 | $90,000 | $527,000 |
| Application Denied By Financial Institution | 95 | $12,922,000 | $136,000 | $456,000 | $55,000 | $129,000 |
| Application Withdrawn By Applicant | 24 | $4,042,000 | $168,000 | $482,000 | $67,000 | $176,000 |
| Preapproval Denied by Financial Institution | 15 | $1,559,000 | $103,000 | $205,000 | $57,000 | $116,000 |
| Preapproval Approved but not Accepted | 1 | $115,000 | $115,000 | $115,000 | $49,000 | $49,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 34 | $5,391,000 | $158,000 | $380,000 | $48,000 | $116,000 |
| Credit History | 25 | $2,671,000 | $106,000 | $205,000 | $54,000 | $120,000 |
| Collateral | 24 | $3,181,000 | $132,000 | $456,000 | $63,000 | $129,000 |
| Mortgage Insurance Denied | 11 | $1,261,000 | $114,000 | $204,000 | $60,000 | $90,000 |
| Other | 10 | $1,291,000 | $129,000 | $417,000 | $54,000 | $129,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $407,000 | $135,000 | $175,000 | $77,000 | $102,000 |
| Unverifiable Information | 2 | $249,000 | $124,000 | $162,000 | $54,000 | $54,000 |
| Employment History | 1 | $30,000 | $30,000 | $30,000 | $26,000 | $26,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midwest Loan Solutions, Inc.'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 Midwest Loan Solutions, Inc.'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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