Midwest Loan Solutions, Inc. Mortgage Lending & HMDA Data, 2010

In 2010, Midwest Loan Solutions, Inc. of Southfield, MI reported 1,059 mortgage applications totaling $146.4 million, up 7% from 2009. The average application was for $138,232, and applicants reported an average income of $78,594. 57% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Pittsburgh, PA (205), State College, PA (134) and Dover, DE (107) (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
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Total Number of Mortgage Applications 1,059
Total Mortgage Loan Application Amount $146,388,000
Average Mortgage Loan Application Amount $138,232
Highest Mortgage Loan Application Amount $574,000
Average Applicant Income $78,594
Highest Applicant Income $666,000

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records Midwest Loan Solutions, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Midwest Loan Solutions, Inc. by County in 2010

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Centre, Pennsylvania 134 $ 19,652,000 $ 146,656 $ 86,000
Allegheny, Pennsylvania 115 $ 14,512,000 $ 126,191 $ 93,000
Kent, Delaware 107 $ 15,121,000 $ 141,317 $ 71,000
Houghton, Michigan 97 $ 9,463,000 $ 97,556 $ 59,000
Marquette, Michigan 70 $ 7,142,000 $ 102,028 $ 62,000
Beaver, Pennsylvania 50 $ 5,160,000 $ 103,200 $ 67,000
Shelby, Tennessee 42 $ 6,026,000 $ 143,476 $ 85,000
New Castle, Delaware 33 $ 5,793,000 $ 175,545 $ 91,000
Los Angeles, California 19 $ 4,535,000 $ 238,684 $ 76,000
Mecklenburg, North Carolina 18 $ 1,834,000 $ 101,888 $ 61,000
Washington, Pennsylvania 18 $ 2,430,000 $ 135,000 $ 87,000
Buncombe, North Carolina 15 $ 1,774,000 $ 118,266 $ 68,000
Solano, California 14 $ 2,434,000 $ 173,857 $ 85,000
Huntingdon, Pennsylvania 10 $ 1,385,000 $ 138,500 $ 67,000
Westmoreland, Pennsylvania 10 $ 1,166,000 $ 116,600 $ 69,000
Baraga, Michigan 9 $ 1,018,000 $ 113,111 $ 82,000
Honolulu, Hawaii 7 $ 2,531,000 $ 361,571 $ 90,000
Sussex, Delaware 6 $ 961,000 $ 160,166 $ 84,000
Butler, Pennsylvania 6 $ 788,000 $ 131,333 $ 83,000
Delaware, Pennsylvania 6 $ 820,000 $ 136,666 $ 91,000
San Diego, California 5 $ 876,000 $ 175,200 $ 116,000
Keweenaw, Michigan 5 $ 671,000 $ 134,200 $ 76,000
Armstrong, Pennsylvania 5 $ 502,000 $ 100,400 $ 54,000
DeSoto, Mississippi 4 $ 532,000 $ 133,000 $ 56,000
Nassau, New York 4 $ 1,353,000 $ 338,250 $ 106,000
Clearfield, Pennsylvania 4 $ 392,000 $ 98,000 $ 60,000
York, South Carolina 4 $ 550,000 $ 137,500 $ 86,000
Lee, Florida 3 $ 160,000 $ 53,333 $ 120,000
Suffolk, Massachusetts 3 $ 576,000 $ 192,000 $ 88,000
Cabarrus, North Carolina 3 $ 356,000 $ 118,666 $ 114,000
Forsyth, North Carolina 3 $ 410,000 $ 136,666 $ 46,000
Chester, Pennsylvania 3 $ 582,000 $ 194,000 $ 165,000
Crawford, Pennsylvania 3 $ 408,000 $ 136,000 $ 90,000
Lawrence, Pennsylvania 3 $ 292,000 $ 97,333 $ 56,000
Mifflin, Pennsylvania 3 $ 342,000 $ 114,000 $ 69,000
Montgomery, Pennsylvania 3 $ 982,000 $ 327,333 $ 107,000
Philadelphia, Pennsylvania 3 $ 141,000 $ 47,000 $ 136,000
Chesapeake, Virginia 3 $ 628,000 $ 209,333 $ 43,000
Orange, California 2 $ 297,000 $ 148,500 $ 192,000
Riverside, California 2 $ 368,000 $ 184,000 $ 59,000
San Bernardino, California 2 $ 169,000 $ 84,500 $ 57,000
Yolo, California 2 $ 222,000 $ 111,000 $ 44,000
Hartford, Connecticut 2 $ 235,000 $ 117,500 $ 55,000
Broward, Florida 2 $ 499,000 $ 249,500 $ 155,000
Palm Beach, Florida 2 $ 408,000 $ 204,000 $ 78,000
Sarasota, Florida 2 $ 188,000 $ 94,000 $ 186,000
Walton, Georgia 2 $ 435,000 $ 217,500 $ 104,000
Caroline, Maryland 2 $ 358,000 $ 179,000 $ 70,000
Cecil, Maryland 2 $ 296,000 $ 148,000 $ 87,000
Wicomico, Maryland 2 $ 290,000 $ 145,000 $ 53,000
Alger, Michigan 2 $ 202,000 $ 101,000 $ 44,000
Gogebic, Michigan 2 $ 392,000 $ 196,000 $ 55,000
Mason, Michigan 2 $ 346,000 $ 173,000 $ 97,000
Camden, New Jersey 2 $ 263,000 $ 131,500 $ 60,000
Union, New Jersey 2 $ 231,000 $ 115,500 $ 91,000
Kings, New York 2 $ 649,000 $ 324,500 $ 161,000
Onondaga, New York 2 $ 101,000 $ 50,500 $ 82,000
Queens, New York 2 $ 710,000 $ 355,000 $ 147,000
McDowell, North Carolina 2 $ 100,000 $ 50,000 $ 42,000
Union, North Carolina 2 $ 225,000 $ 112,500 $ 58,000
Indiana, Pennsylvania 2 $ 170,000 $ 85,000 $ 138,000
Lancaster, Pennsylvania 2 $ 192,000 $ 96,000 $ 97,000
Charleston, South Carolina 2 $ 238,000 $ 119,000 $ 43,000
Fayette, Tennessee 2 $ 201,000 $ 100,500 $ 69,000
Virginia Beach, Virginia 2 $ 695,000 $ 347,500 $ 163,000
Hancock, West Virginia 2 $ 121,000 $ 60,500 $ 93,000
Maricopa, Arizona 1 $ 158,000 $ 158,000 $ 105,000
Kern, California 1 $ 130,000 $ 130,000 $ 42,000
Lake, California 1 $ 55,000 $ 55,000 $ 172,000
Placer, California 1 $ 152,000 $ 152,000 $ 48,000
Denver, Colorado 1 $ 293,000 $ 293,000 $ 160,000
El Paso, Colorado 1 $ 123,000 $ 123,000 $ 65,000
Fairfield, Connecticut 1 $ 119,000 $ 119,000 $ 112,000
Hernando, Florida 1 $ 161,000 $ 161,000 $ 51,000
Lake, Florida 1 $ 117,000 $ 117,000 $ 97,000
Manatee, Florida 1 $ 262,000 $ 262,000 $ 190,000
Marion, Florida 1 $ 132,000 $ 132,000 $ 45,000
Martin, Florida 1 $ 90,000 $ 90,000 $ 65,000
Sumter, Florida 1 $ 172,000 $ 172,000 $ 56,000
Volusia, Florida 1 $ 160,000 $ 160,000 $ 98,000
Greene, Georgia 1 $ 360,000 $ 360,000 $ 147,000
Hawaii, Hawaii 1 $ 247,000 $ 247,000 $ 58,000
Cook, Illinois 1 $ 265,000 $ 265,000 $ 77,000
Hendricks, Indiana 1 $ 104,000 $ 104,000 $ 103,000
Morgan, Indiana 1 $ 90,000 $ 90,000 $ 35,000
Jefferson, Kentucky 1 $ 132,000 $ 132,000 $ 79,000
Calcasieu, Louisiana 1 $ 162,000 $ 162,000 $ 54,000
Anne Arundel, Maryland 1 $ 97,000 $ 97,000 $ 76,000
Baltimore, Maryland 1 $ 146,000 $ 146,000 $ 72,000
Baltimore City, Maryland 1 $ 125,000 $ 125,000 $ 73,000
Charles, Maryland 1 $ 310,000 $ 310,000 $ 74,000
Frederick, Maryland 1 $ 305,000 $ 305,000 $ 106,000
Harford, Maryland 1 $ 182,000 $ 182,000 $ 49,000
Kent, Maryland 1 $ 74,000 $ 74,000 $ 192,000
Prince George's, Maryland 1 $ 178,000 $ 178,000 $ 101,000
Queen Anne's, Maryland 1 $ 126,000 $ 126,000 $ 27,000
Talbot, Maryland 1 $ 159,000 $ 159,000 $ 65,000
Worcester, Maryland 1 $ 111,000 $ 111,000 $ 156,000
Hampden, Massachusetts 1 $ 175,000 $ 175,000 $ 56,000
Middlesex, Massachusetts 1 $ 94,000 $ 94,000 $ 81,000
Norfolk, Massachusetts 1 $ 222,000 $ 222,000 $ 98,000
Barry, Michigan 1 $ 71,000 $ 71,000 $ 44,000
Benzie, Michigan 1 $ 70,000 $ 70,000 $ 27,000
Dickinson, Michigan 1 $ 183,000 $ 183,000 $ 145,000
Eaton, Michigan 1 $ 80,000 $ 80,000 $ 33,000
Genesee, Michigan 1 $ 87,000 $ 87,000 $ 38,000
Ingham, Michigan 1 $ 107,000 $ 107,000 $ 82,000
Iron, Michigan 1 $ 135,000 $ 135,000 $ 55,000
Macomb, Michigan 1 $ 113,000 $ 113,000 $ 38,000
Ontonagon, Michigan 1 $ 100,000 $ 100,000 $ 72,000
St. Clair, Michigan 1 $ 149,000 $ 149,000 $ 140,000
Washtenaw, Michigan 1 $ 117,000 $ 117,000 $ 69,000
Wayne, Michigan 1 $ 205,000 $ 205,000 $ 169,000
Dakota, Minnesota 1 $ 264,000 $ 264,000 $ 110,000
Washoe, Nevada 1 $ 177,000 $ 177,000 $ 65,000
Carroll, New Hampshire 1 $ 108,000 $ 108,000 $ 137,000
Rockingham, New Hampshire 1 $ 281,000 $ 281,000 $ 114,000
Mercer, New Jersey 1 $ 259,000 $ 259,000 $ 129,000
Monmouth, New Jersey 1 $ 279,000 $ 279,000 $ 95,000
Morris, New Jersey 1 $ 171,000 $ 171,000 $ 132,000
Somerset, New Jersey 1 $ 91,000 $ 91,000 $ 67,000
Allegany, New York 1 $ 92,000 $ 92,000 $ 109,000
Madison, New York 1 $ 247,000 $ 247,000 $ 92,000
Suffolk, New York 1 $ 318,000 $ 318,000 $ 148,000
Ulster, New York 1 $ 417,000 $ 417,000 $ 235,000
Alamance, North Carolina 1 $ 89,000 $ 89,000 $ 69,000
Chowan, North Carolina 1 $ 55,000 $ 55,000 $ 50,000
Gaston, North Carolina 1 $ 200,000 $ 200,000 $ 152,000
Harnett, North Carolina 1 $ 149,000 $ 149,000 $ 76,000
Iredell, North Carolina 1 $ 64,000 $ 64,000 $ 38,000
Moore, North Carolina 1 $ 101,000 $ 101,000 $ 80,000
Rutherford, North Carolina 1 $ 96,000 $ 96,000 $ 63,000
Wake, North Carolina 1 $ 175,000 $ 175,000 $ 130,000
Belmont, Ohio 1 $ 185,000 $ 185,000 $ 101,000
Columbiana, Ohio 1 $ 156,000 $ 156,000 $ 57,000
Jefferson, Ohio 1 $ 114,000 $ 114,000 $ 117,000
Sequoyah, Oklahoma 1 $ 57,000 $ 57,000 $ 50,000
Tulsa, Oklahoma 1 $ 417,000 $ 417,000 $ 270,000
Washington, Oregon 1 $ 240,000 $ 240,000 $ 108,000
Bedford, Pennsylvania 1 $ 52,000 $ 52,000 $ 24,000
Blair, Pennsylvania 1 $ 40,000 $ 40,000 $ 27,000
Bucks, Pennsylvania 1 $ 100,000 $ 100,000 $ 98,000
Cambria, Pennsylvania 1 $ 51,000 $ 51,000 $ 42,000
Clarion, Pennsylvania 1 $ 84,000 $ 84,000 $ 94,000
Clinton, Pennsylvania 1 $ 104,000 $ 104,000 $ 102,000
Cumberland, Pennsylvania 1 $ 33,000 $ 33,000 $ 57,000
Dauphin, Pennsylvania 1 $ 88,000 $ 88,000 $ 92,000
Erie, Pennsylvania 1 $ 157,000 $ 157,000 $ 119,000
Fayette, Pennsylvania 1 $ 118,000 $ 118,000 $ 55,000
Franklin, Pennsylvania 1 $ 56,000 $ 56,000 $ 35,000
Lackawanna, Pennsylvania 1 $ 150,000 $ 150,000 $ 123,000
Lehigh, Pennsylvania 1 $ 117,000 $ 117,000 $ 46,000
Lycoming, Pennsylvania 1 $ 79,000 $ 79,000 $ 44,000
Monroe, Pennsylvania 1 $ 100,000 $ 100,000 $ 29,000
Somerset, Pennsylvania 1 $ 366,000 $ 366,000 $ 115,000
Venango, Pennsylvania 1 $ 32,000 $ 32,000 $ 45,000
York, Pennsylvania 1 $ 112,000 $ 112,000 $ 76,000
Dorchester, South Carolina 1 $ 68,000 $ 68,000 $ 41,000
Greenville, South Carolina 1 $ 81,000 $ 81,000 $ 75,000
Lancaster, South Carolina 1 $ 214,000 $ 214,000 $ 78,000
Spartanburg, South Carolina 1 $ 113,000 $ 113,000 $ 59,000
Sullivan, Tennessee 1 $ 52,000 $ 52,000 $ 58,000
Sumner, Tennessee 1 $ 100,000 $ 100,000 $ 38,000
Tipton, Tennessee 1 $ 88,000 $ 88,000 $ 50,000
Washington, Tennessee 1 $ 131,000 $ 131,000 $ 77,000
Kaufman, Texas 1 $ 32,000 $ 32,000 $ 66,000
Travis, Texas 1 $ 143,000 $ 143,000 $ 143,000
Alexandria, Virginia 1 $ 410,000 $ 410,000 $ 288,000
Bedford, Virginia 1 $ 165,000 $ 165,000 $ 87,000
Buckingham, Virginia 1 $ 48,000 $ 48,000 $ 32,000
Charlotte, Virginia 1 $ 120,000 $ 120,000 $ 88,000
Fairfax, Virginia 1 $ 299,000 $ 299,000 $ 173,000
Fluvanna, Virginia 1 $ 160,000 $ 160,000 $ 42,000
Hopewell, Virginia 1 $ 172,000 $ 172,000 $ 81,000
Newport News, Virginia 1 $ 235,000 $ 235,000 $ 48,000
Westmoreland, Virginia 1 $ 125,000 $ 125,000 $ 185,000
Yakima, Washington 1 $ 190,000 $ 190,000 $ 197,000

Mortgage Loan Application Detail Totals for Midwest Loan Solutions, Inc. 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 746 $105,645,000 $141,000 $574,000 $80,000 $343,000
Home Purchase 236 $30,668,000 $129,000 $417,000 $75,000 $666,000
Home Improvement 77 $10,075,000 $130,000 $331,000 $76,000 $206,000

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 734 $97,225,000 $132,000 $417,000 $78,000 $666,000
Not Provided 209 $29,646,000 $141,000 $417,000 $83,000 $284,000
Black or African American 57 $7,859,000 $137,000 $398,000 $75,000 $257,000
Hispanic 32 $6,225,000 $194,000 $360,000 $87,000 $152,000
Asian 17 $3,718,000 $218,000 $574,000 $80,000 $168,000
American Indian or Alaskan Native 8 $1,260,000 $157,000 $401,000 $102,000 $225,000
Native Hawaiian or Other Pacific Islander 2 $455,000 $227,000 $400,000 $59,000 $66,000
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) 1,059 $146,388,000 $138,000 $574,000 $79,000 $666,000
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 603 $76,716,000 $127,000 $417,000 $79,000 $262,000
Application Denied By Financial Institution 185 $27,466,000 $148,000 $574,000 $72,000 $343,000
Application Withdrawn By Applicant 168 $26,135,000 $155,000 $417,000 $87,000 $347,000
Application Approved But Not Accepted 61 $9,374,000 $153,000 $398,000 $92,000 $666,000
Preapproval Denied by Financial Institution 42 $6,697,000 $159,000 $400,000 $62,000 $189,000
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

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
Credit History 66 $8,662,000 $131,000 $400,000 $75,000 $257,000
Debt-To-Income Ratio 64 $11,186,000 $174,000 $574,000 $53,000 $144,000
Other 43 $5,898,000 $137,000 $310,000 $77,000 $343,000
Collateral 34 $5,066,000 $149,000 $362,000 $83,000 $263,000
Insufficient Cash (Downpayment, Closing Cost) 9 $1,444,000 $160,000 $360,000 $71,000 $147,000
Mortgage Insurance Denied 5 $1,277,000 $255,000 $417,000 $90,000 $150,000
Employment History 4 $492,000 $123,000 $229,000 $61,000 $130,000
Unverifiable Information 1 $94,000 $94,000 $94,000 $37,000 $37,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Midwest Loan Solutions, Inc.'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 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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