Moore Mortgage, Inc. Mortgage Lending & HMDA Data, 2008

In 2008, Moore Mortgage, Inc. of Little Rock, AR reported 271 mortgage applications totaling $37.2 million, down 22% from 2007. The average application was for $137,387, and applicants reported an average income of $64,538. 76% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Little Rock-North Little Rock-Conway, AR (165), Fayetteville-Springdale-Rogers, AR-MO (73) and Pine Bluff, AR (3) (applications in parentheses).

Mortgage Company & Address Moore Mortgage, Inc.
12418 Cantrell Road
Little Rock, AR 72223
Tel #: available with data download
Federal Regulator * available with data download
Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 271
Total Mortgage Loan Application Amount $37,232,000
Average Mortgage Loan Application Amount $137,387
Highest Mortgage Loan Application Amount $562,000
Average Applicant Income $64,538
Highest Applicant Income $553,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Moore Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Moore Mortgage, Inc. in 2008

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 185 $23,629,000 $127,000 $417,000 $62,000 $553,000
Refinancing 86 $13,603,000 $158,000 $562,000 $70,000 $281,000
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 242 $33,400,000 $138,000 $562,000 $67,000 $553,000
Black or African American 12 $1,451,000 $120,000 $199,000 $39,000 $76,000
Hispanic 6 $659,000 $109,000 $168,000 $40,000 $64,000
Asian 6 $1,150,000 $191,000 $312,000 $52,000 $85,000
Not Provided 5 $572,000 $114,000 $167,000 $37,000 $101,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
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) 157 $17,578,000 $111,000 $275,000 $49,000 $273,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 101 $18,298,000 $181,000 $562,000 $92,000 $553,000
VA-guaranteed (Veterans Administration) 12 $1,307,000 $108,000 $207,000 $40,000 $66,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $49,000 $49,000 $49,000 $23,000 $23,000

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 206 $27,376,000 $132,000 $417,000 $62,000 $281,000
Application Withdrawn By Applicant 38 $6,934,000 $182,000 $562,000 $89,000 $553,000
Application Denied By Financial Institution 27 $2,922,000 $108,000 $399,000 $47,000 $165,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 13 $1,182,000 $90,000 $321,000 $39,000 $100,000
Collateral 10 $1,345,000 $134,000 $399,000 $64,000 $165,000
Debt-To-Income Ratio 2 $118,000 $59,000 $78,000 $22,000 $33,000
Employment History 2 $277,000 $138,000 $176,000 $39,000 $45,000
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
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Moore Mortgage, Inc.'s 2008 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 Moore 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.
For a list of all lenders in Arkansas, download the full spreadsheet with aggregated HMDA statistics today.

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