Mlc Mortgage Corporation Mortgage Lending & HMDA Data, 2004
In 2004, Mlc Mortgage Corporation of Edmond, OK reported 25 mortgage applications totaling $3.4 million. The average application was for $137,760, and applicants reported an average income of $77,280. 0% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Oklahoma City, OK (15) and Tulsa, OK (3).
| Mortgage Company & Address | Mlc Mortgage Corporation 3209 S Broadway Ste 229 Edmond, OK 73013 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 25 |
| Total Mortgage Loan Application Amount | $3,444,000 |
| Average Mortgage Loan Application Amount | $137,760 |
| Highest Mortgage Loan Application Amount | $500,000 |
| Average Applicant Income | $77,280 |
| Highest Applicant Income | $292,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mlc Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Mlc Mortgage Corporation in 2004
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 | 21 | $2,712,000 | $123,000 | $500,000 | $71,500 | $292,000 |
| Refinancing | 2 | $554,000 | $277,000 | $450,000 | $91,000 | $117,000 |
| Home Improvement | 2 | $178,000 | $89,000 | $110,000 | $56,000 | $65,000 |
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 | 14 | $2,479,000 | $148,000 | $500,000 | $62,500 | $292,000 |
| Not Provided | 4 | $377,000 | $94,000 | $150,000 | $75,000 | $139,000 |
| American Indian or Alaskan Native | 3 | $159,000 | $53,000 | $76,000 | $66,000 | $66,000 |
| Hispanic | 2 | $227,000 | $113,500 | $123,000 | $83,500 | $101,000 |
| Asian | 1 | $85,000 | $85,000 | $85,000 | $150,000 | $150,000 |
| Black or African American | 1 | $117,000 | $117,000 | $117,000 | $38,000 | $38,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 19 | $2,820,000 | $148,000 | $500,000 | $89,000 | $292,000 |
| FHA-insured (Federal Housing Administration) | 5 | $501,000 | $97,500 | $138,000 | $37,000 | $60,000 |
| VA-guaranteed (Veterans Administration) | 1 | $123,000 | $123,000 | $123,000 | $101,000 | $101,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 23 | $3,143,000 | $125,500 | $500,000 | $62,000 | $292,000 |
| Application Denied By Financial Institution | 2 | $301,000 | $150,500 | $178,000 | $87,500 | $101,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Originated | 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 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $123,000 | $123,000 | $123,000 | $101,000 | $101,000 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mlc Mortgage Corporation's 2004 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 Mlc Mortgage Corporation'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.
For a list of all lenders in Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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