Midwest Loan Solutions, Inc. Mortgage Lending & HMDA Data, 2012
In 2012, Midwest Loan Solutions, Inc. of Southfield, MI reported 807 mortgage applications totaling $117.1 million, up 25% from 2011. The average application was for $145,106, and applicants reported an average income of $83,992. 53% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Pittsburgh, PA (234), State College, PA (34) and Warren-Troy-Farmington Hills, MI (31) (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 | 807 |
| Total Mortgage Loan Application Amount | $117,101,000 |
| Average Mortgage Loan Application Amount | $145,106 |
| Highest Mortgage Loan Application Amount | $519,000 |
| Average Applicant Income | $83,992 |
| Highest Applicant Income | $558,000 |
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records Midwest Loan Solutions, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Pittsburgh, PA | 234 | $ 25,728,000 | $ 109,948 | $ 73,000 |
| State College, PA | 34 | $ 4,887,000 | $ 143,735 | $ 93,000 |
| Warren-Troy-Farmington Hills, MI | 31 | $ 5,704,000 | $ 184,000 | $ 109,000 |
| Philadelphia, PA | 28 | $ 4,975,000 | $ 177,678 | $ 87,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 24 | $ 3,233,000 | $ 134,708 | $ 69,375 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 23 | $ 5,721,000 | $ 248,739 | $ 111,739 |
| Dover, DE | 15 | $ 1,846,000 | $ 123,066 | $ 118,000 |
| Vallejo-Fairfield, CA | 14 | $ 2,681,000 | $ 191,500 | $ 110,000 |
| Edison-New Brunswick, NJ | 11 | $ 2,364,000 | $ 214,909 | $ 117,000 |
| New Orleans-Metairie-Kenner, LA | 11 | $ 1,190,000 | $ 108,181 | $ 66,000 |
| Detroit-Livonia-Dearborn, MI | 10 | $ 1,537,000 | $ 153,700 | $ 74,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 10 | $ 2,115,000 | $ 211,500 | $ 93,000 |
| Camden, NJ | 9 | $ 1,639,000 | $ 182,111 | $ 84,000 |
| Richmond, VA | 9 | $ 1,605,000 | $ 178,333 | $ 95,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 8 | $ 1,440,000 | $ 180,000 | $ 80,000 |
| Wilmington, DE-MD-NJ | 8 | $ 1,201,000 | $ 150,125 | $ 81,875 |
| San Diego-Carlsbad-San Marcos, CA | 6 | $ 1,992,000 | $ 332,000 | $ 124,000 |
| Ann Arbor, MI | 5 | $ 1,189,000 | $ 237,800 | $ 146,000 |
| Chicago-Joliet-Naperville, IL | 5 | $ 931,000 | $ 186,200 | $ 152,000 |
| New York-White Plains-Wayne, NY-NJ | 5 | $ 1,555,000 | $ 311,000 | $ 112,200 |
| Allentown-Bethlehem-Easton, PA-NJ | 4 | $ 749,000 | $ 187,250 | $ 76,500 |
| Baltimore-Towson, MD | 4 | $ 813,000 | $ 203,250 | $ 111,000 |
| Honolulu, HI | 4 | $ 1,356,000 | $ 339,000 | $ 69,000 |
| Jacksonville, FL | 4 | $ 518,000 | $ 129,500 | $ 91,000 |
| Los Angeles-Long Beach-Glendale, CA | 4 | $ 836,000 | $ 209,000 | $ 79,000 |
| Newark-Union, NJ-PA | 4 | $ 584,000 | $ 146,000 | $ 86,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 674,000 | $ 168,500 | $ 94,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 637,000 | $ 159,250 | $ 129,000 |
| Johnstown, PA | 3 | $ 287,000 | $ 95,666 | $ 63,000 |
| Kalamazoo-Portage, MI | 3 | $ 266,000 | $ 88,666 | $ 75,000 |
| Lansing-East Lansing, MI | 3 | $ 577,000 | $ 192,333 | $ 133,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 3 | $ 284,000 | $ 94,666 | $ 98,000 |
| Scranton--Wilkes-Barre, PA | 3 | $ 292,000 | $ 97,333 | $ 35,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 446,000 | $ 148,666 | $ 80,000 |
| Winston-Salem, NC | 3 | $ 196,000 | $ 65,333 | $ 56,000 |
| Bethesda-Rockville-Frederick, MD | 2 | $ 209,000 | $ 104,500 | $ 54,000 |
| Columbus, OH | 2 | $ 295,000 | $ 147,500 | $ 190,000 |
| Dayton, OH | 2 | $ 207,000 | $ 103,500 | $ 91,000 |
| Denver-Aurora-Broomfield, CO | 2 | $ 475,000 | $ 237,500 | $ 67,000 |
| Knoxville, TN | 2 | $ 123,000 | $ 61,500 | $ 65,000 |
| Memphis, TN-MS-AR | 2 | $ 301,000 | $ 150,500 | $ 49,000 |
| Nassau-Suffolk, NY | 2 | $ 558,000 | $ 279,000 | $ 113,000 |
| North Port-Bradenton-Sarasota, FL | 2 | $ 413,000 | $ 206,500 | $ 89,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 658,000 | $ 329,000 | $ 188,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 314,000 | $ 157,000 | $ 74,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 2 | $ 358,000 | $ 179,000 | $ 69,000 |
| Toledo, OH | 2 | $ 736,000 | $ 368,000 | $ 422,000 |
| Youngstown-Warren-Boardman, OH-PA | 2 | $ 316,000 | $ 158,000 | $ 105,000 |
| Akron, OH | 1 | $ 258,000 | $ 258,000 | $ 160,000 |
| Altoona, PA | 1 | $ 169,000 | $ 169,000 | $ 113,000 |
| Bremerton-Silverdale, WA | 1 | $ 356,000 | $ 356,000 | $ 75,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 74,000 | $ 74,000 | $ 20,000 |
| Columbia, SC | 1 | $ 275,000 | $ 275,000 | $ 30,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 114,000 | $ 114,000 | $ 70,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 131,000 | $ 131,000 | $ 65,000 |
| Duluth, MN-WI | 1 | $ 152,000 | $ 152,000 | $ 49,000 |
| Durham-Chapel Hill, NC | 1 | $ 116,000 | $ 116,000 | $ 47,000 |
| Fresno, CA | 1 | $ 216,000 | $ 216,000 | $ 116,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 250,000 | $ 250,000 | $ 70,000 |
| Green Bay, WI | 1 | $ 160,000 | $ 160,000 | $ 110,000 |
| Harrisburg-Carlisle, PA | 1 | $ 105,000 | $ 105,000 | $ 45,000 |
| Indianapolis-Carmel, IN | 1 | $ 90,000 | $ 90,000 | $ 32,000 |
| Jackson, MS | 1 | $ 185,000 | $ 185,000 | $ 81,000 |
| Las Vegas-Paradise, NV | 1 | $ 220,000 | $ 220,000 | $ 169,000 |
| Manchester-Nashua, NH | 1 | $ 184,000 | $ 184,000 | $ 164,000 |
| Naples-Marco Island, FL | 1 | $ 43,000 | $ 43,000 | $ 59,000 |
| New Haven-Milford, CT | 1 | $ 178,000 | $ 178,000 | $ 89,000 |
| Norwich-New London, CT | 1 | $ 328,000 | $ 328,000 | $ 154,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 175,000 | $ 175,000 | $ 44,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 230,000 | $ 230,000 | $ 69,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 267,000 | $ 267,000 | $ 80,000 |
| Pocatello, ID | 1 | $ 229,000 | $ 229,000 | $ 58,000 |
| Port St. Lucie, FL | 1 | $ 140,000 | $ 140,000 | $ 175,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 167,000 | $ 167,000 | $ 92,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 1 | $ 274,000 | $ 274,000 | $ 80,000 |
| Pueblo, CO | 1 | $ 90,000 | $ 90,000 | $ 93,000 |
| Raleigh-Cary, NC | 1 | $ 112,000 | $ 112,000 | $ 108,000 |
| Reading, PA | 1 | $ 256,000 | $ 256,000 | $ 115,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 50,000 | $ 50,000 | $ 50,000 |
| Steubenville-Weirton, OH-WV | 1 | $ 56,000 | $ 56,000 | $ 47,000 |
| Syracuse, NY | 1 | $ 174,000 | $ 174,000 | $ 79,000 |
| Trenton-Ewing, NJ | 1 | $ 200,000 | $ 200,000 | $ 120,000 |
| Williamsport, PA | 1 | $ 85,000 | $ 85,000 | $ 69,000 |
| York-Hanover, PA | 1 | $ 111,000 | $ 111,000 | $ 91,000 |
Mortgage Loan Application Detail Totals for Midwest Loan Solutions, Inc. in 2012
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 | 561 | $86,619,000 | $154,000 | $519,000 | $87,000 | $558,000 |
| Home Purchase | 211 | $26,434,000 | $125,000 | $403,000 | $75,000 | $228,000 |
| Home Improvement | 35 | $4,048,000 | $115,000 | $252,000 | $90,000 | $239,000 |
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 | 595 | $82,481,000 | $138,000 | $417,000 | $83,000 | $484,000 |
| Not Provided | 135 | $19,556,000 | $144,000 | $489,000 | $86,000 | $558,000 |
| Black or African American | 52 | $8,914,000 | $171,000 | $360,000 | $83,000 | $169,000 |
| Asian | 14 | $3,571,000 | $255,000 | $417,000 | $99,000 | $215,000 |
| Hispanic | 8 | $2,268,000 | $283,000 | $519,000 | $115,000 | $275,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $121,000 | $60,000 | $68,000 | $49,000 | $65,000 |
| American Indian or Alaskan Native | 1 | $190,000 | $190,000 | $190,000 | $126,000 | $126,000 |
| 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) | 807 | $117,101,000 | $145,000 | $519,000 | $84,000 | $558,000 |
| 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 | 426 | $59,126,000 | $138,000 | $417,000 | $84,000 | $314,000 |
| Application Denied By Financial Institution | 184 | $26,343,000 | $143,000 | $489,000 | $73,000 | $558,000 |
| Application Withdrawn By Applicant | 107 | $16,980,000 | $158,000 | $417,000 | $99,000 | $484,000 |
| Application Approved But Not Accepted | 47 | $6,853,000 | $145,000 | $519,000 | $101,000 | $348,000 |
| File Closed For Incompleteness | 22 | $4,346,000 | $197,000 | $399,000 | $81,000 | $144,000 |
| Preapproval Denied by Financial Institution | 21 | $3,453,000 | $164,000 | $330,000 | $78,000 | $176,000 |
| 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 | 11 | $2,181,000 | $198,000 | $457,000 | $83,000 | $176,000 |
| Debt-To-Income Ratio | 7 | $961,000 | $137,000 | $380,000 | $72,000 | $230,000 |
| Collateral | 6 | $759,000 | $126,000 | $259,000 | $74,000 | $109,000 |
| Other | 3 | $506,000 | $168,000 | $187,000 | $74,000 | $113,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $155,000 | $77,000 | $130,000 | $73,000 | $95,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Midwest Loan Solutions, Inc.'s 2012 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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