Mlb Residential Lending, LLC Mortgage Lending & HMDA Data, 2023
In 2023, Mlb Residential Lending, LLC of Springfield, NJ reported 1,068 mortgage applications totaling $402.0 million, down 32% from 2022. The average application was for $376,367, and applicants reported an average income of $122,247. 57% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Newark, NJ-PA (219), New York-Newark, NY (192) and New York-Jersey City-White Plains, NY-NJ (140) (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 | 1,068 |
| Total Mortgage Loan Application Amount | $401,960,000 |
| Average Mortgage Loan Application Amount | $376,367 |
| Highest Mortgage Loan Application Amount | $2,235,000 |
| Average Applicant Income | $122,247 |
| Highest Applicant Income | $1,220,000 |
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records Mlb Residential Lending, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 219 | $ 94,545,000 | $ 431,712 | $ 136,196 |
| New York-Newark, NY | 192 | $ 74,520,000 | $ 388,125 | $ 124,437 |
| New York-Jersey City-White Plains, NY-NJ | 140 | $ 76,060,000 | $ 543,285 | $ 162,285 |
| Nassau County-Suffolk County, NY | 40 | $ 19,800,000 | $ 495,000 | $ 153,000 |
| Tampa-St. Petersburg-Clearwater, FL | 39 | $ 12,165,000 | $ 311,923 | $ 94,000 |
| Outside any metro area | 36 | $ 10,600,000 | $ 294,444 | $ 139,833 |
| Chicago-Naperville, IL | 27 | $ 7,535,000 | $ 279,074 | $ 77,000 |
| Houston-The Woodlands-Sugar Land, TX | 25 | $ 6,195,000 | $ 247,800 | $ 91,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 24 | $ 7,680,000 | $ 320,000 | $ 105,000 |
| Camden, NJ | 24 | $ 8,020,000 | $ 334,166 | $ 103,000 |
| Orlando-Kissimmee-Sanford, FL | 24 | $ 6,740,000 | $ 280,833 | $ 77,000 |
| Cleveland-Elyria, OH | 17 | $ 2,315,000 | $ 136,176 | $ 59,000 |
| Trenton, NJ | 17 | $ 5,185,000 | $ 305,000 | $ 115,000 |
| Philadelphia, PA | 16 | $ 3,570,000 | $ 223,125 | $ 72,000 |
| San Antonio-New Braunfels, TX | 11 | $ 3,615,000 | $ 328,636 | $ 100,000 |
| Vineland-Bridgeton, NJ | 9 | $ 2,045,000 | $ 227,222 | $ 81,000 |
| Albany-Schenectady-Troy, NY | 8 | $ 1,680,000 | $ 210,000 | $ 75,000 |
| Austin-Round Rock, TX | 8 | $ 2,820,000 | $ 352,500 | $ 97,000 |
| Baltimore-Columbia-Towson, MD | 8 | $ 3,640,000 | $ 455,000 | $ 152,000 |
| Jacksonville, FL | 8 | $ 2,240,000 | $ 280,000 | $ 116,000 |
| Laredo, TX | 8 | $ 1,790,000 | $ 223,750 | $ 71,000 |
| Bridgeport-Stamford-Norwalk, CT | 6 | $ 2,670,000 | $ 445,000 | $ 120,000 |
| Fort Worth-Arlington, TX | 6 | $ 1,940,000 | $ 323,333 | $ 66,000 |
| Columbia, SC | 5 | $ 655,000 | $ 131,000 | $ 83,000 |
| Montgomery County-Bucks County-Chester County, PA | 5 | $ 2,445,000 | $ 489,000 | $ 242,000 |
| New Haven-Milford, CT | 5 | $ 1,555,000 | $ 311,000 | $ 110,000 |
| Rochester, NY | 5 | $ 825,000 | $ 165,000 | $ 54,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 5 | $ 1,945,000 | $ 389,000 | $ 128,000 |
| Dallas-Plano-Irving, TX | 4 | $ 1,460,000 | $ 365,000 | $ 148,000 |
| East Stroudsburg, PA | 4 | $ 1,080,000 | $ 270,000 | $ 95,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,670,000 | $ 417,500 | $ 165,000 |
| Lakeland-Winter Haven, FL | 4 | $ 920,000 | $ 230,000 | $ 69,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 4 | $ 940,000 | $ 235,000 | $ 76,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 3 | $ 435,000 | $ 145,000 | $ 45,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 955,000 | $ 318,333 | $ 128,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 1,145,000 | $ 381,666 | $ 255,666 |
| Elgin, IL | 3 | $ 585,000 | $ 195,000 | $ 118,000 |
| Elmira, NY | 3 | $ 415,000 | $ 138,333 | $ 80,000 |
| Glens Falls, NY | 3 | $ 515,000 | $ 171,666 | $ 65,000 |
| Harrisburg-Carlisle, PA | 3 | $ 505,000 | $ 168,333 | $ 302,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 635,000 | $ 211,666 | $ 98,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 1,035,000 | $ 345,000 | $ 121,000 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 1,085,000 | $ 361,666 | $ 127,000 |
| Ocala, FL | 3 | $ 755,000 | $ 251,666 | $ 88,000 |
| Punta Gorda, FL | 3 | $ 775,000 | $ 258,333 | $ 77,000 |
| St. Louis, MO-IL | 3 | $ 625,000 | $ 208,333 | $ 57,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 1,035,000 | $ 345,000 | $ 96,666 |
| Wilmington, DE-MD-NJ | 3 | $ 745,000 | $ 248,333 | $ 70,000 |
| Atlantic City-Hammonton, NJ | 2 | $ 340,000 | $ 170,000 | $ 133,000 |
| Cincinnati, OH-KY-IN | 2 | $ 920,000 | $ 460,000 | $ 109,000 |
| Colorado Springs, CO | 2 | $ 970,000 | $ 485,000 | $ 101,000 |
| Columbus, OH | 2 | $ 390,000 | $ 195,000 | $ 84,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 580,000 | $ 290,000 | $ 52,000 |
| Killeen-Temple, TX | 2 | $ 570,000 | $ 285,000 | $ 97,000 |
| Memphis, TN-MS-AR | 2 | $ 430,000 | $ 215,000 | $ 59,000 |
| Norwich-New London, CT | 2 | $ 790,000 | $ 395,000 | $ 149,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 940,000 | $ 470,000 | $ 163,000 |
| Pittsburgh, PA | 2 | $ 320,000 | $ 160,000 | $ 45,000 |
| Raleigh, NC | 2 | $ 850,000 | $ 425,000 | $ 137,000 |
| Reading, PA | 2 | $ 690,000 | $ 345,000 | $ 119,000 |
| Richmond, VA | 2 | $ 920,000 | $ 460,000 | $ 92,000 |
| Rockford, IL | 2 | $ 320,000 | $ 160,000 | $ 64,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 2 | $ 290,000 | $ 145,000 | $ 75,000 |
| Washington-Baltimore-Arlington, DC | 2 | $ 1,050,000 | $ 525,000 | $ 108,000 |
| York-Hanover, PA | 2 | $ 580,000 | $ 290,000 | $ 94,000 |
| Akron, OH | 1 | $ 175,000 | $ 175,000 | $ 60,000 |
| Asheville, NC | 1 | $ 155,000 | $ 155,000 | $ 46,000 |
| Auburn-Opelika, AL | 1 | $ 395,000 | $ 395,000 | $ 92,000 |
| Binghamton, NY | 1 | $ 135,000 | $ 135,000 | $ 53,000 |
| College Station-Bryan, TX | 1 | $ 335,000 | $ 335,000 | $ 74,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 775,000 | $ 775,000 | $ 158,000 |
| Denver-Aurora-Lakewood, CO | 1 | $ 305,000 | $ 305,000 | $ 124,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 245,000 | $ 245,000 | $ 53,000 |
| Greenville-Anderson-Mauldin, SC | 1 | $ 285,000 | $ 285,000 | $ 93,000 |
| Homosassa Springs, FL | 1 | $ 385,000 | $ 385,000 | $ 191,000 |
| Huntsville, AL | 1 | $ 375,000 | $ 375,000 | $ 117,000 |
| Knoxville, TN | 1 | $ 275,000 | $ 275,000 | $ 56,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 225,000 | $ 225,000 | $ 69,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 315,000 | $ 315,000 | $ 166,000 |
| Lebanon, PA | 1 | $ 125,000 | $ 125,000 | $ 57,000 |
| Longview, TX | 1 | $ 155,000 | $ 155,000 | $ 49,000 |
| Lubbock, TX | 1 | $ 325,000 | $ 325,000 | $ 70,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 365,000 | $ 365,000 | $ 127,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC-NC | 1 | $ 225,000 | $ 225,000 | $ 60,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 475,000 | $ 475,000 | $ 104,000 |
| New Bern, NC | 1 | $ 245,000 | $ 245,000 | $ 147,000 |
| Oklahoma City, OK | 1 | $ 205,000 | $ 205,000 | $ 100,000 |
| Port St. Lucie, FL | 1 | $ 355,000 | $ 355,000 | $ 121,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 195,000 | $ 195,000 | $ 57,000 |
| Spartanburg, SC | 1 | $ 195,000 | $ 195,000 | $ 85,000 |
| Syracuse, NY | 1 | $ 155,000 | $ 155,000 | $ 90,000 |
| Tallahassee, FL | 1 | $ 315,000 | $ 315,000 | $ 146,000 |
| Tulsa, OK | 1 | $ 265,000 | $ 265,000 | $ 79,000 |
| Tyler, TX | 1 | $ 285,000 | $ 285,000 | $ 179,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 235,000 | $ 235,000 | $ 65,000 |
| Weirton-Steubenville, WV-OH | 1 | $ 85,000 | $ 85,000 | $ 45,000 |
| Yuba City, CA | 1 | $ 315,000 | $ 315,000 | $ 119,000 |
Mortgage Loan Application Detail Totals for Mlb Residential Lending, LLC in 2023
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 | 957 | $366,525,000 | $382,000 | $2,235,000 | $122,000 | $663,000 |
| Cash-out Refinancing | 84 | $26,370,000 | $313,000 | $985,000 | $120,000 | $1,220,000 |
| Refinancing | 27 | $9,065,000 | $335,000 | $1,405,000 | $138,000 | $480,000 |
| 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 | 433 | $169,695,000 | $391,000 | $1,255,000 | $119,000 | $496,000 |
| White | 294 | $102,430,000 | $348,000 | $1,405,000 | $124,000 | $663,000 |
| Black or African American | 270 | $97,670,000 | $361,000 | $1,085,000 | $117,000 | $517,000 |
| Asian | 54 | $26,330,000 | $487,000 | $2,235,000 | $175,000 | $1,220,000 |
| Not Provided | 11 | $3,925,000 | $356,000 | $695,000 | $120,000 | $284,000 |
| American Indian or Alaskan Native | 5 | $1,345,000 | $269,000 | $535,000 | $85,000 | $160,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 560 | $208,850,000 | $372,000 | $985,000 | $110,000 | $391,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 454 | $166,920,000 | $367,000 | $1,405,000 | $136,000 | $1,220,000 |
| VA-guaranteed (Veterans Administration) | 52 | $25,730,000 | $494,000 | $2,235,000 | $131,000 | $613,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $460,000 | $230,000 | $295,000 | $87,000 | $116,000 |
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 | 608 | $231,190,000 | $380,000 | $2,185,000 | $127,000 | $663,000 |
| Application Withdrawn By Applicant | 143 | $57,115,000 | $399,000 | $2,235,000 | $121,000 | $490,000 |
| Application Denied By Financial Institution | 135 | $46,895,000 | $347,000 | $1,085,000 | $117,000 | $1,220,000 |
| Application Approved But Not Accepted | 70 | $24,980,000 | $356,000 | $985,000 | $118,000 | $391,000 |
| Preapproval Denied by Financial Institution | 61 | $22,045,000 | $361,000 | $1,255,000 | $94,000 | $290,000 |
| File Closed For Incompleteness | 51 | $19,735,000 | $386,000 | $1,405,000 | $122,000 | $480,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 872 | $333,020,000 | $381,000 | $2,235,000 | $125,000 | $663,000 |
| Debt-To-Income Ratio | 70 | $25,750,000 | $367,000 | $985,000 | $97,000 | $464,000 |
| Other | 34 | $11,590,000 | $340,000 | $1,085,000 | $117,000 | $517,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 26 | $10,340,000 | $397,000 | $1,255,000 | $102,000 | $290,000 |
| Credit History | 25 | $7,565,000 | $302,000 | $985,000 | $108,000 | $496,000 |
| Collateral | 16 | $4,530,000 | $283,000 | $725,000 | $174,000 | $1,220,000 |
| Employment History | 15 | $5,405,000 | $360,000 | $975,000 | $111,000 | $400,000 |
| Unverifiable Information | 10 | $3,760,000 | $376,000 | $715,000 | $100,000 | $238,000 |
| 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 2023 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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