Mortgage 1 Incorporated Mortgage Lending & HMDA Data, 2010
In 2010, Mortgage 1 Incorporated of Sterling Heights, MI reported 3,122 mortgage applications totaling $442.6 million, up 36% from 2009. The average application was for $141,766, and applicants reported an average income of $68,941. 81% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (2,047), Detroit-Livonia-Dearborn, MI (385) and Ann Arbor, MI (240) (applications in parentheses).
| Mortgage Company & Address | Mortgage 1 Incorporated 43456 Mound Road Sterling Heights, MI 48314 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 3,122 |
| Total Mortgage Loan Application Amount | $442,596,000 |
| Average Mortgage Loan Application Amount | $141,766 |
| Highest Mortgage Loan Application Amount | $750,000 |
| Average Applicant Income | $68,941 |
| Highest Applicant Income | $785,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage 1 Incorporated filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mortgage 1 Incorporated in 2010
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 | 2,256 | $290,109,000 | $128,000 | $750,000 | $67,000 | $597,000 |
| Refinancing | 866 | $152,487,000 | $176,000 | $700,000 | $74,000 | $785,000 |
| 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 | 2,754 | $393,605,000 | $142,000 | $750,000 | $70,000 | $785,000 |
| Black or African American | 165 | $17,960,000 | $108,000 | $284,000 | $50,000 | $169,000 |
| Not Provided | 78 | $12,269,000 | $157,000 | $417,000 | $69,000 | $277,000 |
| Asian | 59 | $9,605,000 | $162,000 | $574,000 | $88,000 | $386,000 |
| Hispanic | 58 | $8,185,000 | $141,000 | $325,000 | $77,000 | $709,000 |
| American Indian or Alaskan Native | 5 | $670,000 | $134,000 | $196,000 | $56,000 | $117,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $302,000 | $100,000 | $128,000 | $60,000 | $127,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 1,597 | $198,166,000 | $124,000 | $321,000 | $46,000 | $298,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,309 | $218,423,000 | $166,000 | $750,000 | $100,000 | $785,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 132 | $13,876,000 | $105,000 | $291,000 | $45,000 | $101,000 |
| VA-guaranteed (Veterans Administration) | 84 | $12,131,000 | $144,000 | $402,000 | $57,000 | $217,000 |
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 | 2,530 | $357,836,000 | $141,000 | $750,000 | $68,000 | $597,000 |
| Application Withdrawn By Applicant | 405 | $57,877,000 | $142,000 | $417,000 | $75,000 | $709,000 |
| Application Denied By Financial Institution | 93 | $12,860,000 | $138,000 | $575,000 | $61,000 | $298,000 |
| File Closed For Incompleteness | 84 | $12,778,000 | $152,000 | $745,000 | $72,000 | $785,000 |
| Application Approved But Not Accepted | 10 | $1,245,000 | $124,000 | $310,000 | $80,000 | $384,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 23 | $2,962,000 | $128,000 | $295,000 | $57,000 | $126,000 |
| Collateral | 16 | $3,777,000 | $236,000 | $575,000 | $107,000 | $196,000 |
| Debt-To-Income Ratio | 12 | $1,193,000 | $99,000 | $187,000 | $35,000 | $62,000 |
| Credit History | 9 | $1,123,000 | $124,000 | $201,000 | $53,000 | $105,000 |
| Unverifiable Information | 6 | $761,000 | $126,000 | $196,000 | $69,000 | $152,000 |
| Employment History | 2 | $360,000 | $180,000 | $302,000 | $159,000 | $298,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $61,000 | $61,000 | $61,000 | $44,000 | $44,000 |
| Mortgage Insurance Denied | 1 | $100,000 | $100,000 | $100,000 | $100,000 | $100,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage 1 Incorporated's 2010 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 Mortgage 1 Incorporated'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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About