Mortgage 1 Incorporated Mortgage Lending & HMDA Data, 2012
In 2012, Mortgage 1 Incorporated of Sterling Heights, MI reported 6,491 mortgage applications totaling $912.2 million, up 71% from 2011. The average application was for $140,529, and applicants reported an average income of $70,927. 83% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (3,628), Detroit-Livonia-Dearborn, MI (969) and Ann Arbor, MI (400) (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 | 6,491 |
| Total Mortgage Loan Application Amount | $912,175,000 |
| Average Mortgage Loan Application Amount | $140,529 |
| Highest Mortgage Loan Application Amount | $543,000 |
| Average Applicant Income | $70,927 |
| Highest Applicant Income | $1,208,000 |
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(HMDA) records Mortgage 1 Incorporated filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2012
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 | 4,466 | $563,487,000 | $126,000 | $506,000 | $65,000 | $650,000 |
| Refinancing | 2,025 | $348,688,000 | $172,000 | $543,000 | $84,000 | $1,208,000 |
| 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 | 5,769 | $806,427,000 | $139,000 | $543,000 | $72,000 | $700,000 |
| Not Provided | 291 | $45,346,000 | $155,000 | $417,000 | $48,000 | $439,000 |
| Black or African American | 222 | $26,536,000 | $119,000 | $413,000 | $60,000 | $1,208,000 |
| Asian | 112 | $21,123,000 | $188,000 | $417,000 | $99,000 | $588,000 |
| Hispanic | 86 | $10,508,000 | $122,000 | $349,000 | $60,000 | $193,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,274,000 | $212,000 | $417,000 | $109,000 | $220,000 |
| American Indian or Alaskan Native | 5 | $961,000 | $192,000 | $395,000 | $33,000 | $64,000 |
| 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) | 2,937 | $486,486,000 | $165,000 | $543,000 | $98,000 | $1,208,000 |
| FHA-insured (Federal Housing Administration) | 2,691 | $325,150,000 | $120,000 | $351,000 | $49,000 | $588,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 629 | $65,475,000 | $104,000 | $326,000 | $43,000 | $119,000 |
| VA-guaranteed (Veterans Administration) | 234 | $35,064,000 | $149,000 | $395,000 | $60,000 | $185,000 |
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 | 5,415 | $769,732,000 | $142,000 | $417,000 | $72,000 | $1,208,000 |
| Application Withdrawn By Applicant | 829 | $111,423,000 | $134,000 | $506,000 | $70,000 | $533,000 |
| Application Denied By Financial Institution | 157 | $18,409,000 | $117,000 | $397,000 | $56,000 | $271,000 |
| File Closed For Incompleteness | 85 | $11,930,000 | $140,000 | $543,000 | $65,000 | $246,000 |
| Application Approved But Not Accepted | 5 | $681,000 | $136,000 | $192,000 | $54,000 | $85,000 |
| 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 | 23 | $2,260,000 | $98,000 | $265,000 | $46,000 | $89,000 |
| Debt-To-Income Ratio | 19 | $2,468,000 | $129,000 | $397,000 | $47,000 | $113,000 |
| Other | 17 | $2,463,000 | $144,000 | $271,000 | $83,000 | $259,000 |
| Collateral | 15 | $1,807,000 | $120,000 | $282,000 | $71,000 | $142,000 |
| Employment History | 4 | $324,000 | $81,000 | $113,000 | $33,000 | $38,000 |
| Unverifiable Information | 3 | $245,000 | $81,000 | $113,000 | $38,000 | $46,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $176,000 | $88,000 | $133,000 | $29,000 | $40,000 |
| Mortgage Insurance Denied | 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 2012 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