Mlb Residential Lending, LLC Mortgage Lending & HMDA Data, 2022
In 2022, Mlb Residential Lending, LLC of Springfield, NJ reported 1,562 mortgage applications totaling $570.3 million, down 36% from 2021. The average application was for $365,121, and applicants reported an average income of $113,054. 58% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Newark, NJ-PA (427), New York-Newark, NY (282) and New York-Jersey City-White Plains, NY-NJ (277) (applications in parentheses).
| Mortgage Company & Address | Mlb Residential Lending, LLC 51 Commerce St Springfield, NJ 07081 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2015 |
| Total Number of Mortgage Applications | 1,562 |
| Total Mortgage Loan Application Amount | $570,320,000 |
| Average Mortgage Loan Application Amount | $365,121 |
| Highest Mortgage Loan Application Amount | $1,745,000 |
| Average Applicant Income | $113,054 |
| Highest Applicant Income | $3,535,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mlb Residential Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Newark, NJ-PA | 427 | $ 170,675,000 | $ 399,707 | $ 124,859 |
| New York-Newark, NY | 282 | $ 98,890,000 | $ 350,673 | $ 107,191 |
| New York-Jersey City-White Plains, NY-NJ | 277 | $ 130,565,000 | $ 471,353 | $ 147,003 |
| Chicago-Naperville, IL | 59 | $ 15,665,000 | $ 265,508 | $ 75,000 |
| Nassau County-Suffolk County, NY | 58 | $ 28,110,000 | $ 484,655 | $ 134,000 |
| Philadelphia, PA | 32 | $ 7,250,000 | $ 226,562 | $ 78,000 |
| Albany-Schenectady-Troy, NY | 31 | $ 6,615,000 | $ 213,387 | $ 71,000 |
| Camden, NJ | 31 | $ 8,935,000 | $ 288,225 | $ 119,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 29 | $ 8,475,000 | $ 292,241 | $ 103,413 |
| Tampa-St. Petersburg-Clearwater, FL | 27 | $ 8,135,000 | $ 301,296 | $ 81,000 |
| Orlando-Kissimmee-Sanford, FL | 26 | $ 6,960,000 | $ 267,692 | $ 63,000 |
| Trenton, NJ | 19 | $ 5,705,000 | $ 300,263 | $ 109,000 |
| Outside any metro area | 17 | $ 3,175,000 | $ 186,764 | $ 100,411 |
| Lakeland-Winter Haven, FL | 15 | $ 4,025,000 | $ 268,333 | $ 77,000 |
| Wilmington, DE-MD-NJ | 12 | $ 3,370,000 | $ 280,833 | $ 83,083 |
| Montgomery County-Bucks County-Chester County, PA | 11 | $ 2,885,000 | $ 262,272 | $ 87,000 |
| East Stroudsburg, PA | 10 | $ 2,370,000 | $ 237,000 | $ 112,000 |
| Atlantic City-Hammonton, NJ | 9 | $ 1,725,000 | $ 191,666 | $ 79,000 |
| Bridgeport-Stamford-Norwalk, CT | 9 | $ 3,745,000 | $ 416,111 | $ 106,000 |
| New Haven-Milford, CT | 8 | $ 2,020,000 | $ 252,500 | $ 70,000 |
| Elgin, IL | 7 | $ 1,805,000 | $ 257,857 | $ 83,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 7 | $ 995,000 | $ 142,142 | $ 67,000 |
| Cleveland-Elyria, OH | 6 | $ 840,000 | $ 140,000 | $ 55,000 |
| Ocala, FL | 6 | $ 1,570,000 | $ 261,666 | $ 57,000 |
| Houston-The Woodlands-Sugar Land, TX | 5 | $ 1,625,000 | $ 325,000 | $ 102,000 |
| Kingston, NY | 5 | $ 1,255,000 | $ 251,000 | $ 84,000 |
| Port St. Lucie, FL | 5 | $ 1,935,000 | $ 387,000 | $ 90,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,520,000 | $ 380,000 | $ 113,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 1,650,000 | $ 412,500 | $ 116,000 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 1,110,000 | $ 277,500 | $ 135,000 |
| Panama City, FL | 4 | $ 940,000 | $ 235,000 | $ 70,000 |
| Punta Gorda, FL | 4 | $ 1,390,000 | $ 347,500 | $ 99,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 1,110,000 | $ 277,500 | $ 71,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 785,000 | $ 261,666 | $ 45,000 |
| Homosassa Springs, FL | 3 | $ 655,000 | $ 218,333 | $ 69,000 |
| Jacksonville, FL | 3 | $ 845,000 | $ 281,666 | $ 73,000 |
| Vineland-Bridgeton, NJ | 3 | $ 495,000 | $ 165,000 | $ 68,000 |
| Akron, OH | 2 | $ 220,000 | $ 110,000 | $ 34,000 |
| Binghamton, NY | 2 | $ 390,000 | $ 195,000 | $ 72,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 610,000 | $ 305,000 | $ 125,000 |
| Dover, DE | 2 | $ 560,000 | $ 280,000 | $ 77,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 600,000 | $ 300,000 | $ 122,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 310,000 | $ 155,000 | $ 32,000 |
| Austin-Round Rock, TX | 1 | $ 335,000 | $ 335,000 | $ 105,000 |
| Baltimore-Columbia-Towson, MD | 1 | $ 265,000 | $ 265,000 | $ 91,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 1 | $ 95,000 | $ 95,000 | $ 36,000 |
| Chambersburg-Waynesboro, PA | 1 | $ 195,000 | $ 195,000 | $ 100,000 |
| Dallas-Plano-Irving, TX | 1 | $ 455,000 | $ 455,000 | $ 126,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 325,000 | $ 325,000 | $ 140,000 |
| Killeen-Temple, TX | 1 | $ 205,000 | $ 205,000 | $ 68,000 |
| Lansing-East Lansing, MI | 1 | $ 115,000 | $ 115,000 | $ 37,000 |
| Oklahoma City, OK | 1 | $ 335,000 | $ 335,000 | $ 96,000 |
| Reading, PA | 1 | $ 245,000 | $ 245,000 | $ 63,000 |
| Rochester, NY | 1 | $ 255,000 | $ 255,000 | $ 67,000 |
| Rockford, IL | 1 | $ 125,000 | $ 125,000 | $ 41,000 |
| Salisbury, MD-DE | 1 | $ 305,000 | $ 305,000 | $ 43,000 |
| Sebring, FL | 1 | $ 255,000 | $ 255,000 | $ 109,000 |
| State College, PA | 1 | $ 105,000 | $ 105,000 | $ 65,000 |
| Tallahassee, FL | 1 | $ 145,000 | $ 145,000 | $ 113,000 |
| Tyler, TX | 1 | $ 135,000 | $ 135,000 | $ 37,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 395,000 | $ 395,000 | $ 80,000 |
| Williamsport, PA | 1 | $ 125,000 | $ 125,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Mlb Residential Lending, LLC in 2022
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,215 | $459,065,000 | $377,000 | $1,745,000 | $113,000 | $3,535,000 |
| Cash-out Refinancing | 239 | $76,245,000 | $319,000 | $1,405,000 | $112,000 | $446,000 |
| Refinancing | 108 | $35,010,000 | $324,000 | $1,275,000 | $116,000 | $427,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Hispanic | 710 | $268,520,000 | $378,000 | $975,000 | $109,000 | $1,482,000 |
| White | 396 | $137,900,000 | $348,000 | $1,745,000 | $131,000 | $3,535,000 |
| Black or African American | 377 | $131,625,000 | $349,000 | $875,000 | $101,000 | $279,000 |
| Asian | 51 | $21,045,000 | $412,000 | $975,000 | $133,000 | $316,000 |
| Not Provided | 13 | $4,575,000 | $351,000 | $725,000 | $97,000 | $160,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $745,000 | $248,000 | $425,000 | $76,000 | $110,000 |
| American Indian or Alaskan Native | 1 | $345,000 | $345,000 | $345,000 | $53,000 | $53,000 |
| 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) | 785 | $281,065,000 | $358,000 | $1,745,000 | $129,000 | $3,535,000 |
| FHA-insured (Federal Housing Administration) | 733 | $271,835,000 | $370,000 | $985,000 | $97,000 | $494,000 |
| VA-guaranteed (Veterans Administration) | 40 | $16,790,000 | $419,000 | $805,000 | $114,000 | $256,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $630,000 | $157,000 | $185,000 | $47,000 | $97,000 |
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 | 902 | $330,150,000 | $366,000 | $975,000 | $114,000 | $1,482,000 |
| Application Withdrawn By Applicant | 262 | $93,000,000 | $354,000 | $1,745,000 | $121,000 | $3,535,000 |
| File Closed For Incompleteness | 168 | $64,740,000 | $385,000 | $1,405,000 | $112,000 | $434,000 |
| Application Denied By Financial Institution | 122 | $39,380,000 | $322,000 | $985,000 | $93,000 | $493,000 |
| Application Approved But Not Accepted | 108 | $43,050,000 | $398,000 | $745,000 | $115,000 | $317,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,440 | $530,940,000 | $368,000 | $1,745,000 | $115,000 | $3,535,000 |
| Debt-To-Income Ratio | 53 | $17,995,000 | $339,000 | $795,000 | $75,000 | $154,000 |
| Other | 21 | $6,335,000 | $301,000 | $805,000 | $101,000 | $184,000 |
| Collateral | 17 | $4,885,000 | $287,000 | $625,000 | $101,000 | $169,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $4,320,000 | $360,000 | $815,000 | $112,000 | $233,000 |
| Credit History | 12 | $3,870,000 | $322,000 | $985,000 | $150,000 | $493,000 |
| Employment History | 4 | $1,110,000 | $277,000 | $405,000 | $68,000 | $105,000 |
| Unverifiable Information | 3 | $865,000 | $288,000 | $345,000 | $68,000 | $80,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mlb Residential Lending, LLC's 2022 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 Mlb Residential Lending, LLC'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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