Mortgage Assurance Inc Mortgage Lending & HMDA Data, 2019
In 2019, Mortgage Assurance Inc of Alpharetta, GA reported 2,165 mortgage applications totaling $542.7 million, up 9% from 2018. The average application was for $250,648, and applicants reported an average income of $103,358. 73% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (1,163), Chicago-Naperville, IL (90) and Charlotte-Concord-Gastonia, NC-SC (66) (applications in parentheses).
| Mortgage Company & Address | Mortgage Assurance Inc 333 North Point Center E Suite 230 Alpharetta, GA 30022 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 |
| Total Number of Mortgage Applications | 2,165 |
| Total Mortgage Loan Application Amount | $542,655,000 |
| Average Mortgage Loan Application Amount | $250,648 |
| Highest Mortgage Loan Application Amount | $825,000 |
| Average Applicant Income | $103,358 |
| Highest Applicant Income | $1,707,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Assurance Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Mortgage Assurance Inc in 2019
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 | 1,132 | $281,040,000 | $248,000 | $825,000 | $101,000 | $878,000 |
| Refinancing | 547 | $152,055,000 | $277,000 | $815,000 | $113,000 | $1,707,000 |
| Cash-out Refinancing | 486 | $109,560,000 | $225,000 | $805,000 | $98,000 | $1,020,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 1,166 | $297,280,000 | $254,000 | $825,000 | $111,000 | $1,707,000 |
| Not Provided | 403 | $94,985,000 | $235,000 | $745,000 | $101,000 | $535,000 |
| Black or African American | 246 | $58,820,000 | $239,000 | $805,000 | $81,000 | $610,000 |
| Asian | 226 | $61,900,000 | $273,000 | $675,000 | $96,000 | $485,000 |
| Hispanic | 110 | $25,640,000 | $233,000 | $535,000 | $88,000 | $652,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,100,000 | $275,000 | $335,000 | $62,000 | $97,000 |
| American Indian or Alaskan Native | 3 | $785,000 | $261,000 | $485,000 | $398,000 | $1,020,000 |
| 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) | 1,559 | $411,735,000 | $264,000 | $825,000 | $118,000 | $1,707,000 |
| FHA-insured (Federal Housing Administration) | 511 | $110,525,000 | $216,000 | $535,000 | $65,000 | $267,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 59 | $9,985,000 | $169,000 | $355,000 | $57,000 | $101,000 |
| VA-guaranteed (Veterans Administration) | 36 | $10,410,000 | $289,000 | $535,000 | $71,000 | $207,000 |
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 | 1,579 | $402,345,000 | $254,000 | $775,000 | $105,000 | $878,000 |
| Application Withdrawn By Applicant | 493 | $118,275,000 | $239,000 | $825,000 | $100,000 | $1,707,000 |
| Application Denied By Financial Institution | 58 | $13,850,000 | $238,000 | $805,000 | $82,000 | $485,000 |
| Application Approved But Not Accepted | 27 | $6,855,000 | $253,000 | $535,000 | $97,000 | $296,000 |
| File Closed For Incompleteness | 7 | $1,125,000 | $160,000 | $265,000 | $78,000 | $175,000 |
| Preapproval Denied by Financial Institution | 1 | $205,000 | $205,000 | $205,000 | $72,000 | $72,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,106 | $528,600,000 | $250,000 | $825,000 | $104,000 | $1,707,000 |
| Debt-To-Income Ratio | 17 | $5,115,000 | $300,000 | $805,000 | $63,000 | $200,000 |
| Credit History | 16 | $3,040,000 | $190,000 | $365,000 | $62,000 | $110,000 |
| Collateral | 7 | $1,185,000 | $169,000 | $355,000 | $140,000 | $485,000 |
| Credit Application Incomplete | 7 | $2,365,000 | $337,000 | $695,000 | $144,000 | $371,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $735,000 | $147,000 | $255,000 | $90,000 | $116,000 |
| Other | 4 | $880,000 | $220,000 | $265,000 | $55,000 | $83,000 |
| Unverifiable Information | 2 | $660,000 | $330,000 | $375,000 | $32,000 | $64,000 |
| Employment History | 1 | $75,000 | $75,000 | $75,000 | $32,000 | $32,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage Assurance Inc's 2019 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 Assurance 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.
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with aggregated HMDA statistics today.
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