Mld Mortgage Inc. Mortgage Lending & HMDA Data, 2011
In 2011, Mld Mortgage Inc. of Florham Park, NJ reported 3,352 mortgage applications totaling $1.1 billion, up 335100% from 2010. The average application was for $317,242, and applicants reported an average income of $144,387. 54% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Edison-New Brunswick, NJ (672), Newark-Union, NJ-PA (405) and New York-White Plains-Wayne, NY-NJ (324) (applications in parentheses).
| Mortgage Company & Address | Mld Mortgage Inc. 30b Vreeland Road Florham Park, NJ 07932 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,352 |
| Total Mortgage Loan Application Amount | $1,063,397,000 |
| Average Mortgage Loan Application Amount | $317,242 |
| Highest Mortgage Loan Application Amount | $1,700,000 |
| Average Applicant Income | $144,387 |
| Highest Applicant Income | $1,667,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mld Mortgage Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Edison-New Brunswick, NJ | 672 | $ 210,039,000 | $ 312,558 | $ 152,000 |
| Newark-Union, NJ-PA | 405 | $ 135,354,000 | $ 334,207 | $ 150,795 |
| New York-White Plains-Wayne, NY-NJ | 324 | $ 104,135,000 | $ 321,404 | $ 148,481 |
| Los Angeles-Long Beach-Glendale, CA | 256 | $ 92,723,000 | $ 362,199 | $ 137,000 |
| Santa Ana-Anaheim-Irvine, CA | 125 | $ 45,485,000 | $ 363,880 | $ 127,000 |
| San Diego-Carlsbad-San Marcos, CA | 111 | $ 37,589,000 | $ 338,639 | $ 151,000 |
| Philadelphia, PA | 98 | $ 27,018,000 | $ 275,693 | $ 129,000 |
| Oakland-Fremont-Hayward, CA | 90 | $ 36,869,000 | $ 409,655 | $ 164,000 |
| Trenton-Ewing, NJ | 88 | $ 26,453,000 | $ 300,602 | $ 149,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 79 | $ 25,975,000 | $ 328,797 | $ 158,417 |
| Sacramento--Arden-Arcade--Roseville, CA | 74 | $ 19,952,000 | $ 269,621 | $ 138,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 69 | $ 29,925,000 | $ 433,695 | $ 176,000 |
| San Francisco-San Mateo-Redwood City, CA | 63 | $ 30,078,000 | $ 477,428 | $ 179,000 |
| Camden, NJ | 50 | $ 12,285,000 | $ 245,700 | $ 142,000 |
| Riverside-San Bernardino-Ontario, CA | 49 | $ 12,707,000 | $ 259,326 | $ 119,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 48 | $ 16,062,000 | $ 334,625 | $ 147,000 |
| Seattle-Bellevue-Everett, WA | 47 | $ 13,735,000 | $ 292,234 | $ 125,000 |
| Denver-Aurora-Broomfield, CO | 41 | $ 9,986,000 | $ 243,560 | $ 114,000 |
| Cambridge-Newton-Framingham, MA | 27 | $ 8,477,000 | $ 313,962 | $ 134,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 27 | $ 6,555,000 | $ 242,777 | $ 127,000 |
| Baltimore-Towson, MD | 24 | $ 7,045,000 | $ 293,541 | $ 139,000 |
| Nassau-Suffolk, NY | 23 | $ 7,996,000 | $ 347,652 | $ 156,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 21 | $ 4,789,000 | $ 228,047 | $ 134,190 |
| Atlantic City-Hammonton, NJ | 19 | $ 4,432,000 | $ 233,263 | $ 106,000 |
| Bethesda-Rockville-Frederick, MD | 19 | $ 6,348,000 | $ 334,105 | $ 144,000 |
| Boston-Quincy, MA | 18 | $ 6,223,000 | $ 345,722 | $ 169,000 |
| Fresno, CA | 13 | $ 3,370,000 | $ 259,230 | $ 165,000 |
| Santa Rosa-Petaluma, CA | 13 | $ 3,763,000 | $ 289,461 | $ 140,000 |
| Bridgeport-Stamford-Norwalk, CT | 12 | $ 5,634,000 | $ 469,500 | $ 217,000 |
| Providence-New Bedford-Fall River, RI-MA | 12 | $ 2,716,000 | $ 226,333 | $ 46,750 |
| Tampa-St. Petersburg-Clearwater, FL | 12 | $ 2,495,000 | $ 207,916 | $ 108,000 |
| Colorado Springs, CO | 11 | $ 2,282,000 | $ 207,454 | $ 104,000 |
| Hartford-West Hartford-East Hartford, CT | 11 | $ 2,457,000 | $ 223,363 | $ 145,000 |
| Peabody, MA | 11 | $ 3,129,000 | $ 284,454 | $ 90,000 |
| Stockton, CA | 11 | $ 2,742,000 | $ 249,272 | $ 108,000 |
| Napa, CA | 10 | $ 2,754,000 | $ 275,400 | $ 134,000 |
| Wilmington, DE-MD-NJ | 10 | $ 2,586,000 | $ 258,600 | $ 99,700 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 9 | $ 2,473,000 | $ 274,777 | $ 106,000 |
| Harrisburg-Carlisle, PA | 8 | $ 2,370,000 | $ 296,250 | $ 144,000 |
| Pittsburgh, PA | 8 | $ 1,639,000 | $ 204,875 | $ 95,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 8 | $ 3,494,000 | $ 436,750 | $ 107,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 8 | $ 2,170,000 | $ 271,250 | $ 98,000 |
| Worcester, MA | 8 | $ 1,820,000 | $ 227,500 | $ 102,000 |
| Bakersfield-Delano, CA | 7 | $ 2,047,000 | $ 292,428 | $ 229,000 |
| Boulder, CO | 7 | $ 2,353,000 | $ 336,142 | $ 113,000 |
| Lancaster, PA | 7 | $ 1,811,000 | $ 258,714 | $ 92,000 |
| North Port-Bradenton-Sarasota, FL | 7 | $ 1,824,000 | $ 260,571 | $ 126,000 |
| Orlando-Kissimmee-Sanford, FL | 7 | $ 1,403,000 | $ 200,428 | $ 134,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 7 | $ 1,718,000 | $ 245,428 | $ 159,000 |
| Richmond, VA | 7 | $ 1,827,000 | $ 261,000 | $ 116,000 |
| Spokane, WA | 7 | $ 1,414,000 | $ 202,000 | $ 110,000 |
| Tacoma, WA | 7 | $ 1,910,000 | $ 272,857 | $ 155,000 |
| Vallejo-Fairfield, CA | 7 | $ 1,690,000 | $ 241,428 | $ 106,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 1,772,000 | $ 295,333 | $ 163,000 |
| Santa Cruz-Watsonville, CA | 6 | $ 1,705,000 | $ 284,166 | $ 84,000 |
| Fort Collins-Loveland, CO | 5 | $ 1,272,000 | $ 254,400 | $ 117,000 |
| Naples-Marco Island, FL | 5 | $ 1,511,000 | $ 302,200 | $ 183,000 |
| New Haven-Milford, CT | 5 | $ 1,259,000 | $ 251,800 | $ 132,000 |
| Ocean City, NJ | 5 | $ 1,466,000 | $ 293,200 | $ 243,000 |
| Olympia, WA | 5 | $ 1,352,000 | $ 270,400 | $ 231,000 |
| San Luis Obispo-Paso Robles, CA | 5 | $ 1,373,000 | $ 274,600 | $ 127,000 |
| Scranton--Wilkes-Barre, PA | 5 | $ 881,000 | $ 176,200 | $ 150,000 |
| Visalia-Porterville, CA | 5 | $ 1,173,000 | $ 234,600 | $ 137,000 |
| Chicago-Joliet-Naperville, IL | 4 | $ 1,370,000 | $ 342,500 | $ 128,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 4 | $ 757,000 | $ 189,250 | $ 217,000 |
| Reading, PA | 4 | $ 622,000 | $ 155,500 | $ 73,000 |
| Salinas, CA | 4 | $ 1,255,000 | $ 313,750 | $ 129,000 |
| Albany-Schenectady-Troy, NY | 3 | $ 510,000 | $ 170,000 | $ 79,000 |
| Atlanta-Sandy Springs-Marietta, GA | 3 | $ 448,000 | $ 149,333 | $ 55,000 |
| Gainesville, FL | 3 | $ 783,000 | $ 261,000 | $ 142,000 |
| Hanford-Corcoran, CA | 3 | $ 775,000 | $ 258,333 | $ 44,000 |
| Honolulu, HI | 3 | $ 1,251,000 | $ 417,000 | $ 136,000 |
| Kennewick-Pasco-Richland, WA | 3 | $ 795,000 | $ 265,000 | $ 193,000 |
| Lakeland-Winter Haven, FL | 3 | $ 415,000 | $ 138,333 | $ 239,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 527,000 | $ 175,666 | $ 185,000 |
| Modesto, CA | 3 | $ 1,183,000 | $ 394,333 | $ 195,000 |
| Norwich-New London, CT | 3 | $ 845,000 | $ 281,666 | $ 129,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 918,000 | $ 306,000 | $ 159,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 533,000 | $ 177,666 | $ 160,000 |
| Rochester, MN | 3 | $ 749,000 | $ 249,666 | $ 147,000 |
| Vineland-Millville-Bridgeton, NJ | 3 | $ 634,000 | $ 211,333 | $ 57,000 |
| Albuquerque, NM | 2 | $ 296,000 | $ 148,000 | $ 21,000 |
| Austin-Round Rock-San Marcos, TX | 2 | $ 265,000 | $ 132,500 | $ 0 |
| Bellingham, WA | 2 | $ 390,000 | $ 195,000 | $ 68,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 281,000 | $ 140,500 | $ 58,000 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 494,000 | $ 247,000 | $ 97,000 |
| Chico, CA | 2 | $ 666,000 | $ 333,000 | $ 80,000 |
| Gary, IN | 2 | $ 376,000 | $ 188,000 | $ 117,000 |
| Jacksonville, FL | 2 | $ 676,000 | $ 338,000 | $ 98,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 555,000 | $ 277,500 | $ 128,000 |
| Lynchburg, VA | 2 | $ 466,000 | $ 233,000 | $ 96,000 |
| Madera-Chowchilla, CA | 2 | $ 199,000 | $ 99,500 | $ 37,000 |
| Sebastian-Vero Beach, FL | 2 | $ 425,000 | $ 212,500 | $ 159,000 |
| Barnstable Town, MA | 1 | $ 314,000 | $ 314,000 | $ 349,000 |
| Birmingham-Hoover, AL | 1 | $ 125,000 | $ 125,000 | $ 45,000 |
| Bloomington-Normal, IL | 1 | $ 328,000 | $ 328,000 | $ 122,000 |
| Bremerton-Silverdale, WA | 1 | $ 168,000 | $ 168,000 | $ 73,000 |
| Burlington-South Burlington, VT | 1 | $ 219,000 | $ 219,000 | $ 285,000 |
| Charlottesville, VA | 1 | $ 409,000 | $ 409,000 | $ 164,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 233,000 | $ 233,000 | $ 90,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 212,000 | $ 212,000 | $ 132,000 |
| El Centro, CA | 1 | $ 120,000 | $ 120,000 | $ 153,000 |
| Elmira, NY | 1 | $ 236,000 | $ 236,000 | $ 73,000 |
| Erie, PA | 1 | $ 102,000 | $ 102,000 | $ 74,000 |
| Fort Worth-Arlington, TX | 1 | $ 180,000 | $ 180,000 | $ 123,000 |
| Greeley, CO | 1 | $ 335,000 | $ 335,000 | $ 118,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 406,000 | $ 406,000 | $ 161,000 |
| Kingston, NY | 1 | $ 320,000 | $ 320,000 | $ 146,000 |
| Mankato-North Mankato, MN | 1 | $ 182,000 | $ 182,000 | $ 738,000 |
| Medford, OR | 1 | $ 245,000 | $ 245,000 | $ 172,000 |
| Merced, CA | 1 | $ 300,000 | $ 300,000 | $ 147,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 219,000 | $ 219,000 | $ 0 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 107,000 | $ 107,000 | $ 152,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 372,000 | $ 372,000 | $ 193,000 |
| Ocala, FL | 1 | $ 145,000 | $ 145,000 | $ 62,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 176,000 | $ 176,000 | $ 40,000 |
| Pittsfield, MA | 1 | $ 117,000 | $ 117,000 | $ 24,000 |
| Punta Gorda, FL | 1 | $ 192,000 | $ 192,000 | $ 0 |
| Redding, CA | 1 | $ 150,000 | $ 150,000 | $ 119,000 |
| Roanoke, VA | 1 | $ 324,000 | $ 324,000 | $ 104,000 |
| Rochester, NY | 1 | $ 130,000 | $ 130,000 | $ 73,000 |
| Santa Fe, NM | 1 | $ 380,000 | $ 380,000 | $ 250,000 |
| Springfield, MA | 1 | $ 409,000 | $ 409,000 | $ 180,000 |
| State College, PA | 1 | $ 328,000 | $ 328,000 | $ 107,000 |
| Wichita, KS | 1 | $ 668,000 | $ 668,000 | $ 300,000 |
| York-Hanover, PA | 1 | $ 186,000 | $ 186,000 | $ 65,000 |
| Yuba City, CA | 1 | $ 154,000 | $ 154,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Mld Mortgage Inc. in 2011
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 | 2,839 | $904,479,000 | $318,000 | $1,700,000 | $145,000 | $1,667,000 |
| Home Purchase | 513 | $158,918,000 | $309,000 | $1,020,000 | $141,000 | $1,200,000 |
| Home Improvement | 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 |
|---|---|---|---|---|---|---|
| White | 1,347 | $420,644,000 | $312,000 | $1,700,000 | $148,000 | $1,667,000 |
| Asian | 1,127 | $365,607,000 | $324,000 | $1,600,000 | $154,000 | $1,000,000 |
| Not Provided | 727 | $235,578,000 | $324,000 | $1,217,000 | $128,000 | $1,000,000 |
| Hispanic | 113 | $31,480,000 | $278,000 | $626,000 | $109,000 | $306,000 |
| Black or African American | 32 | $7,818,000 | $244,000 | $565,000 | $96,000 | $215,000 |
| American Indian or Alaskan Native | 5 | $2,060,000 | $412,000 | $509,000 | $293,000 | $920,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $210,000 | $210,000 | $210,000 | $52,000 | $52,000 |
| 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) | 3,166 | $1,011,614,000 | $319,000 | $1,700,000 | $146,000 | $1,667,000 |
| FHA-insured (Federal Housing Administration) | 186 | $51,783,000 | $278,000 | $729,000 | $106,000 | $980,000 |
| 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 | 1,825 | $578,306,000 | $316,000 | $1,500,000 | $149,000 | $976,000 |
| Application Withdrawn By Applicant | 932 | $301,255,000 | $323,000 | $1,700,000 | $138,000 | $1,200,000 |
| Application Denied By Financial Institution | 289 | $86,128,000 | $298,000 | $1,600,000 | $119,000 | $773,000 |
| Application Approved But Not Accepted | 278 | $88,115,000 | $316,000 | $1,020,000 | $157,000 | $1,667,000 |
| File Closed For Incompleteness | 27 | $9,429,000 | $349,000 | $983,000 | $166,000 | $550,000 |
| Preapproval Denied by Financial Institution | 1 | $164,000 | $164,000 | $164,000 | $60,000 | $60,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 104 | $32,174,000 | $309,000 | $997,000 | $91,000 | $773,000 |
| Collateral | 79 | $21,169,000 | $267,000 | $560,000 | $139,000 | $330,000 |
| Other | 50 | $14,866,000 | $297,000 | $729,000 | $131,000 | $450,000 |
| Employment History | 14 | $4,658,000 | $332,000 | $650,000 | $104,000 | $225,000 |
| Unverifiable Information | 13 | $3,800,000 | $292,000 | $628,000 | $125,000 | $210,000 |
| Credit History | 13 | $2,956,000 | $227,000 | $520,000 | $122,000 | $364,000 |
| Credit Application Incomplete | 1 | $1,600,000 | $1,600,000 | $1,600,000 | $466,000 | $466,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $559,000 | $559,000 | $559,000 | $169,000 | $169,000 |
| Mortgage Insurance Denied | 1 | $345,000 | $345,000 | $345,000 | $215,000 | $215,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mld Mortgage Inc.'s 2011 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 Mld Mortgage 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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