Mortgage 1 Incorporated Mortgage Lending & HMDA Data, 2011
In 2011, Mortgage 1 Incorporated of Sterling Heights, MI reported 3,793 mortgage applications totaling $520.0 million, up 21% from 2010. The average application was for $137,096, and applicants reported an average income of $71,000. 78% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (2,292), Detroit-Livonia-Dearborn, MI (543) and Ann Arbor, MI (281) (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 | 3,793 |
| Total Mortgage Loan Application Amount | $520,007,000 |
| Average Mortgage Loan Application Amount | $137,096 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $71,000 |
| Highest Applicant Income | $890,000 |
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(HMDA) records Mortgage 1 Incorporated filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 3,101 | $399,254,000 | $128,000 | $867,000 | $69,000 | $890,000 |
| Refinancing | 691 | $120,574,000 | $174,000 | $1,000,000 | $80,000 | $752,000 |
| Home Improvement | 1 | $179,000 | $179,000 | $179,000 | $54,000 | $54,000 |
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 | 3,353 | $462,250,000 | $137,000 | $1,000,000 | $73,000 | $890,000 |
| Black or African American | 175 | $19,176,000 | $109,000 | $323,000 | $55,000 | $255,000 |
| Not Provided | 143 | $19,488,000 | $136,000 | $417,000 | $48,000 | $259,000 |
| Hispanic | 59 | $8,074,000 | $136,000 | $750,000 | $68,000 | $500,000 |
| Asian | 53 | $9,796,000 | $184,000 | $375,000 | $89,000 | $323,000 |
| American Indian or Alaskan Native | 7 | $980,000 | $140,000 | $243,000 | $45,000 | $78,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $243,000 | $81,000 | $148,000 | $66,000 | $90,000 |
| 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) | 1,711 | $198,591,000 | $116,000 | $334,000 | $51,000 | $530,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,605 | $265,642,000 | $165,000 | $1,000,000 | $101,000 | $890,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 340 | $34,883,000 | $102,000 | $265,000 | $42,000 | $100,000 |
| VA-guaranteed (Veterans Administration) | 137 | $20,891,000 | $152,000 | $406,000 | $59,000 | $255,000 |
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 | 2,955 | $402,375,000 | $136,000 | $1,000,000 | $71,000 | $752,000 |
| Application Withdrawn By Applicant | 687 | $99,099,000 | $144,000 | $867,000 | $76,000 | $890,000 |
| Application Denied By Financial Institution | 68 | $7,613,000 | $111,000 | $258,000 | $57,000 | $216,000 |
| File Closed For Incompleteness | 67 | $8,516,000 | $127,000 | $400,000 | $54,000 | $226,000 |
| Application Approved But Not Accepted | 16 | $2,404,000 | $150,000 | $402,000 | $77,000 | $278,000 |
| 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 | 14 | $1,498,000 | $107,000 | $207,000 | $56,000 | $97,000 |
| Debt-To-Income Ratio | 7 | $720,000 | $102,000 | $200,000 | $53,000 | $96,000 |
| Collateral | 7 | $943,000 | $134,000 | $225,000 | $92,000 | $142,000 |
| Other | 4 | $290,000 | $72,000 | $93,000 | $36,000 | $58,000 |
| Employment History | 1 | $38,000 | $38,000 | $38,000 | $21,000 | $21,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $173,000 | $173,000 | $173,000 | $43,000 | $43,000 |
| 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 Mortgage 1 Incorporated'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 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.
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