Montgomery Mortgage Capital Co Mortgage Lending & HMDA Data, 2006
In 2006, Montgomery Mortgage Capital Co of Parsippany, NJ reported 1,012 mortgage applications totaling $209.7 million. The average application was for $207,215, and applicants reported an average income of $179,451. 92% of its applications resulted in an originated loan and 5% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (225), Newark-Union, NJ-PA (214) and Edison, NJ (64) (applications in parentheses).
| Mortgage Company & Address | Montgomery Mortgage Capital Co 199 Cherry Hill Road Parsippany, NJ 07054 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 |
| Total Number of Mortgage Applications | 1,012 |
| Total Mortgage Loan Application Amount | $209,702,000 |
| Average Mortgage Loan Application Amount | $207,215 |
| Highest Mortgage Loan Application Amount | $1,015,000 |
| Average Applicant Income | $179,451 |
| Highest Applicant Income | $1,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Montgomery Mortgage Capital Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Passaic, New Jersey | 108 | $ 26,793,000 | $ 248,083 | $ 88,000 |
| Essex, New Jersey | 104 | $ 21,877,000 | $ 210,355 | $ 96,000 |
| Morris, New Jersey | 61 | $ 15,189,000 | $ 249,000 | $ 91,000 |
| Bergen, New Jersey | 60 | $ 17,716,000 | $ 295,266 | $ 129,000 |
| Essex, Massachusetts | 47 | $ 8,009,000 | $ 170,404 | $ 67,000 |
| Bristol, Massachusetts | 44 | $ 7,074,000 | $ 160,772 | $ 93,000 |
| Hampden, Massachusetts | 44 | $ 4,591,000 | $ 104,340 | $ 90,000 |
| Hudson, New Jersey | 44 | $ 12,345,000 | $ 280,568 | $ 105,000 |
| Orange, Florida | 35 | $ 6,363,000 | $ 181,800 | $ 1,652,000 |
| Union, New Jersey | 35 | $ 7,985,000 | $ 228,142 | $ 77,000 |
| Middlesex, New Jersey | 32 | $ 7,687,000 | $ 240,218 | $ 92,000 |
| Worcester, Massachusetts | 30 | $ 4,790,000 | $ 159,666 | $ 71,000 |
| Burlington, New Jersey | 26 | $ 4,586,000 | $ 176,384 | $ 97,000 |
| Suffolk, Massachusetts | 24 | $ 6,333,000 | $ 263,875 | $ 66,000 |
| Hartford, Connecticut | 23 | $ 3,631,000 | $ 157,869 | $ 70,000 |
| Seminole, Florida | 21 | $ 3,360,000 | $ 160,000 | $ 1,717,000 |
| Middlesex, Massachusetts | 20 | $ 3,915,000 | $ 195,750 | $ 41,000 |
| Somerset, New Jersey | 16 | $ 3,536,000 | $ 221,000 | $ 115,000 |
| Suffolk, New York | 15 | $ 4,097,000 | $ 273,133 | $ 72,000 |
| Bucks, Pennsylvania | 15 | $ 1,899,000 | $ 126,600 | $ 80,000 |
| Plymouth, Massachusetts | 13 | $ 2,493,000 | $ 191,769 | $ 76,000 |
| Mercer, New Jersey | 12 | $ 2,088,000 | $ 174,000 | $ 102,000 |
| Sussex, New Jersey | 10 | $ 2,007,000 | $ 200,700 | $ 84,000 |
| Ocean, New Jersey | 9 | $ 1,712,000 | $ 190,222 | $ 120,000 |
| New Haven, Connecticut | 8 | $ 1,546,000 | $ 193,250 | $ 101,000 |
| Monroe, Pennsylvania | 8 | $ 1,499,000 | $ 187,375 | $ 151,000 |
| Providence, Rhode Island | 8 | $ 1,494,000 | $ 186,750 | $ 66,000 |
| Monmouth, New Jersey | 7 | $ 1,535,000 | $ 219,285 | $ 56,000 |
| Nassau, New York | 7 | $ 1,492,000 | $ 213,142 | $ 124,000 |
| Miami-Dade, Florida | 6 | $ 951,000 | $ 158,500 | $ 146,000 |
| Norfolk, Massachusetts | 6 | $ 1,110,000 | $ 185,000 | $ 128,000 |
| Camden, New Jersey | 6 | $ 660,000 | $ 110,000 | $ 80,000 |
| New London, Connecticut | 5 | $ 471,000 | $ 94,200 | $ 73,000 |
| Broward, Florida | 5 | $ 1,173,000 | $ 234,600 | $ 167,000 |
| Hillsborough, Florida | 5 | $ 486,000 | $ 97,200 | $ 78,000 |
| Queens, New York | 5 | $ 1,835,000 | $ 367,000 | $ 159,000 |
| Luzerne, Pennsylvania | 5 | $ 419,000 | $ 83,800 | $ 60,000 |
| Duval, Florida | 4 | $ 448,000 | $ 112,000 | $ 77,000 |
| Gloucester, New Jersey | 4 | $ 513,000 | $ 128,250 | $ 52,000 |
| Warren, New Jersey | 4 | $ 600,000 | $ 150,000 | $ 168,000 |
| Montgomery, Pennsylvania | 4 | $ 1,124,000 | $ 281,000 | $ 134,000 |
| Pike, Pennsylvania | 4 | $ 277,000 | $ 69,250 | $ 110,000 |
| Fairfield, Connecticut | 3 | $ 1,036,000 | $ 345,333 | $ 260,000 |
| New Castle, Delaware | 3 | $ 456,000 | $ 152,000 | $ 37,000 |
| Osceola, Florida | 3 | $ 680,000 | $ 226,666 | $ 148,000 |
| Palm Beach, Florida | 3 | $ 877,000 | $ 292,333 | $ 115,000 |
| Broome, New York | 3 | $ 180,000 | $ 60,000 | $ 112,000 |
| Kings, New York | 3 | $ 1,066,000 | $ 355,333 | $ 0 |
| Westchester, New York | 3 | $ 717,000 | $ 239,000 | $ 174,000 |
| Kern, California | 2 | $ 337,000 | $ 168,500 | $ 216,000 |
| Litchfield, Connecticut | 2 | $ 326,000 | $ 163,000 | $ 36,000 |
| Lee, Florida | 2 | $ 219,000 | $ 109,500 | $ 180,000 |
| Hillsborough, New Hampshire | 2 | $ 270,000 | $ 135,000 | $ 95,000 |
| Oneida, New York | 2 | $ 220,000 | $ 110,000 | $ 111,000 |
| Ulster, New York | 2 | $ 198,000 | $ 99,000 | $ 56,000 |
| Allegheny, Pennsylvania | 2 | $ 209,000 | $ 104,500 | $ 166,000 |
| Chester, Pennsylvania | 2 | $ 280,000 | $ 140,000 | $ 83,000 |
| Lehigh, Pennsylvania | 2 | $ 156,000 | $ 78,000 | $ 58,000 |
| Northampton, Pennsylvania | 2 | $ 200,000 | $ 100,000 | $ 71,000 |
| Kent, Rhode Island | 2 | $ 426,000 | $ 213,000 | $ 56,000 |
| Washington, Rhode Island | 2 | $ 318,000 | $ 159,000 | $ 78,000 |
| Weld, Colorado | 1 | $ 170,000 | $ 170,000 | $ 110,000 |
| Middlesex, Connecticut | 1 | $ 180,000 | $ 180,000 | $ 44,000 |
| Charlotte, Florida | 1 | $ 107,000 | $ 107,000 | $ 48,000 |
| St. Lucie, Florida | 1 | $ 172,000 | $ 172,000 | $ 0 |
| Baltimore City, Maryland | 1 | $ 175,000 | $ 175,000 | $ 0 |
| Prince George's, Maryland | 1 | $ 500,000 | $ 500,000 | $ 154,000 |
| Barnstable, Massachusetts | 1 | $ 263,000 | $ 263,000 | $ 0 |
| Dukes, Massachusetts | 1 | $ 390,000 | $ 390,000 | $ 0 |
| Atlantic, New Jersey | 1 | $ 204,000 | $ 204,000 | $ 75,000 |
| Cape May, New Jersey | 1 | $ 260,000 | $ 260,000 | $ 78,000 |
| Bronx, New York | 1 | $ 139,000 | $ 139,000 | $ 71,000 |
| Cattaraugus, New York | 1 | $ 124,000 | $ 124,000 | $ 0 |
| Richmond, New York | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Delaware, Pennsylvania | 1 | $ 180,000 | $ 180,000 | $ 54,000 |
| Erie, Pennsylvania | 1 | $ 57,000 | $ 57,000 | $ 90,000 |
| Philadelphia, Pennsylvania | 1 | $ 105,000 | $ 105,000 | $ 0 |
| Prince William, Virginia | 1 | $ 268,000 | $ 268,000 | $ 61,000 |
| Stafford, Virginia | 1 | $ 283,000 | $ 283,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for Montgomery Mortgage Capital Co in 2006
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 | 627 | $121,876,000 | $194,000 | $999,000 | $240,000 | $1,800,000 |
| Refinancing | 373 | $84,903,000 | $227,000 | $1,015,000 | $81,000 | $600,000 |
| Home Improvement | 12 | $2,923,000 | $243,000 | $405,000 | $76,000 | $193,000 |
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 | 369 | $74,521,000 | $201,000 | $1,015,000 | $345,000 | $1,800,000 |
| Hispanic | 343 | $73,349,000 | $213,000 | $760,000 | $83,000 | $324,000 |
| Not Provided | 183 | $38,006,000 | $207,000 | $500,000 | $87,000 | $540,000 |
| Black or African American | 103 | $20,076,000 | $194,000 | $852,000 | $77,000 | $231,000 |
| Asian | 11 | $2,832,000 | $257,000 | $840,000 | $167,000 | $600,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $918,000 | $306,000 | $480,000 | $120,000 | $168,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 1,012 | $209,702,000 | $207,000 | $1,015,000 | $179,000 | $1,800,000 |
| 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 | 928 | $191,348,000 | $206,000 | $999,000 | $187,000 | $1,800,000 |
| Application Denied By Financial Institution | 50 | $10,307,000 | $206,000 | $576,000 | $94,000 | $216,000 |
| Application Withdrawn By Applicant | 22 | $5,391,000 | $245,000 | $1,015,000 | $86,000 | $312,000 |
| Application Approved But Not Accepted | 7 | $1,589,000 | $227,000 | $352,000 | $61,000 | $110,000 |
| File Closed For Incompleteness | 5 | $1,067,000 | $213,000 | $384,000 | $174,000 | $307,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 10 | $2,032,000 | $203,000 | $459,000 | $74,000 | $191,000 |
| Collateral | 4 | $1,056,000 | $264,000 | $390,000 | $66,000 | $102,000 |
| Other | 2 | $456,000 | $228,000 | $351,000 | $119,000 | $124,000 |
| Debt-To-Income Ratio | 2 | $209,000 | $104,000 | $167,000 | $166,000 | $170,000 |
| Employment History | 2 | $576,000 | $288,000 | $368,000 | $106,000 | $157,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Montgomery Mortgage Capital Co's 2006 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 Montgomery Mortgage Capital Co'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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