Mortgage Direct Inc Mortgage Lending & HMDA Data, 2010
In 2010, Mortgage Direct Inc of Elmhurst, IL reported 1,645 mortgage applications totaling $477.6 million. The average application was for $290,331, and applicants reported an average income of $140,919. 56% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Chicago-Joliet-Naperville, IL (722), Houston-Sugar Land-Baytown, TX (299) and Los Angeles-Long Beach-Glendale, CA (79) (applications in parentheses).
| Mortgage Company & Address | Mortgage Direct Inc 360 W Butterfield Rd Suite 320 Elmhurst, IL 60126 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 |
| Total Number of Mortgage Applications | 1,645 |
| Total Mortgage Loan Application Amount | $477,595,000 |
| Average Mortgage Loan Application Amount | $290,331 |
| Highest Mortgage Loan Application Amount | $1,947,000 |
| Average Applicant Income | $140,919 |
| Highest Applicant Income | $1,570,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Direct Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Joliet-Naperville, IL | 722 | $ 205,107,000 | $ 284,081 | $ 129,000 |
| Houston-Sugar Land-Baytown, TX | 299 | $ 88,962,000 | $ 297,531 | $ 201,000 |
| Los Angeles-Long Beach-Glendale, CA | 79 | $ 26,600,000 | $ 336,708 | $ 107,000 |
| Lake County-Kenosha County, IL-WI | 75 | $ 23,209,000 | $ 309,453 | $ 151,000 |
| Riverside-San Bernardino-Ontario, CA | 53 | $ 14,051,000 | $ 265,113 | $ 119,000 |
| Santa Ana-Anaheim-Irvine, CA | 46 | $ 14,081,000 | $ 306,108 | $ 109,000 |
| San Diego-Carlsbad-San Marcos, CA | 33 | $ 9,870,000 | $ 299,090 | $ 112,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 32 | $ 8,664,000 | $ 270,750 | $ 127,000 |
| Oakland-Fremont-Hayward, CA | 25 | $ 8,471,000 | $ 338,840 | $ 113,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 17 | $ 7,040,000 | $ 414,117 | $ 122,000 |
| Indianapolis-Carmel, IN | 16 | $ 4,561,000 | $ 285,062 | $ 131,000 |
| St. Louis, MO-IL | 16 | $ 3,830,000 | $ 239,375 | $ 105,125 |
| Dallas-Plano-Irving, TX | 14 | $ 6,114,000 | $ 436,714 | $ 317,000 |
| Gary, IN | 12 | $ 2,882,000 | $ 240,166 | $ 92,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 12 | $ 4,049,000 | $ 337,416 | $ 91,000 |
| San Francisco-San Mateo-Redwood City, CA | 8 | $ 4,097,000 | $ 512,125 | $ 140,000 |
| Rockford, IL | 7 | $ 1,120,000 | $ 160,000 | $ 96,000 |
| Austin-Round Rock-San Marcos, TX | 5 | $ 1,728,000 | $ 345,600 | $ 222,000 |
| Bloomington-Normal, IL | 5 | $ 910,000 | $ 182,000 | $ 129,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 5 | $ 1,506,000 | $ 301,200 | $ 132,000 |
| Champaign-Urbana, IL | 4 | $ 686,000 | $ 171,500 | $ 97,000 |
| Chico, CA | 4 | $ 1,148,000 | $ 287,000 | $ 87,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 553,000 | $ 138,250 | $ 77,000 |
| Fresno, CA | 4 | $ 1,236,000 | $ 309,000 | $ 90,000 |
| Honolulu, HI | 4 | $ 1,041,000 | $ 260,250 | $ 81,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 1,367,000 | $ 341,750 | $ 98,000 |
| Orlando-Kissimmee-Sanford, FL | 4 | $ 1,389,000 | $ 347,250 | $ 169,000 |
| Santa Rosa-Petaluma, CA | 4 | $ 1,489,000 | $ 372,250 | $ 76,000 |
| Vallejo-Fairfield, CA | 4 | $ 1,201,000 | $ 300,250 | $ 122,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 4 | $ 1,575,000 | $ 393,750 | $ 258,000 |
| Bakersfield-Delano, CA | 3 | $ 556,000 | $ 185,333 | $ 59,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 973,000 | $ 324,333 | $ 209,000 |
| El Centro, CA | 3 | $ 626,000 | $ 208,666 | $ 72,000 |
| Modesto, CA | 3 | $ 740,000 | $ 246,666 | $ 70,000 |
| Peoria, IL | 3 | $ 902,000 | $ 300,666 | $ 90,000 |
| San Antonio-New Braunfels, TX | 3 | $ 945,000 | $ 315,000 | $ 148,000 |
| San Luis Obispo-Paso Robles, CA | 3 | $ 858,000 | $ 286,000 | $ 87,000 |
| Springfield, IL | 3 | $ 659,000 | $ 219,666 | $ 65,000 |
| Evansville, IN-KY | 2 | $ 449,000 | $ 224,500 | $ 123,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 156,000 | $ 78,000 | $ 42,000 |
| Louisville-Jefferson County, KY-IN | 2 | $ 268,000 | $ 134,000 | $ 54,000 |
| Madera-Chowchilla, CA | 2 | $ 563,000 | $ 281,500 | $ 130,000 |
| Napa, CA | 2 | $ 547,000 | $ 273,500 | $ 196,000 |
| North Port-Bradenton-Sarasota, FL | 2 | $ 543,000 | $ 271,500 | $ 435,000 |
| South Bend-Mishawaka, IN-MI | 2 | $ 341,000 | $ 170,500 | $ 473,000 |
| Stockton, CA | 2 | $ 543,000 | $ 271,500 | $ 59,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 407,000 | $ 203,500 | $ 79,000 |
| Visalia-Porterville, CA | 2 | $ 287,000 | $ 143,500 | $ 45,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 259,000 | $ 259,000 | $ 166,000 |
| Baltimore-Towson, MD | 1 | $ 380,000 | $ 380,000 | $ 74,000 |
| Bloomington, IN | 1 | $ 104,000 | $ 104,000 | $ 21,000 |
| Brownsville-Harlingen, TX | 1 | $ 350,000 | $ 350,000 | $ 179,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 296,000 | $ 296,000 | $ 79,000 |
| Charlottesville, VA | 1 | $ 590,000 | $ 590,000 | $ 125,000 |
| Decatur, IL | 1 | $ 59,000 | $ 59,000 | $ 332,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 98,000 | $ 98,000 | $ 203,000 |
| Fort Worth-Arlington, TX | 1 | $ 283,000 | $ 283,000 | $ 486,000 |
| Green Bay, WI | 1 | $ 315,000 | $ 315,000 | $ 99,000 |
| Hanford-Corcoran, CA | 1 | $ 190,000 | $ 190,000 | $ 88,000 |
| Janesville, WI | 1 | $ 130,000 | $ 130,000 | $ 51,000 |
| Kankakee-Bradley, IL | 1 | $ 116,000 | $ 116,000 | $ 72,000 |
| Kokomo, IN | 1 | $ 111,000 | $ 111,000 | $ 56,000 |
| Lakeland-Winter Haven, FL | 1 | $ 124,000 | $ 124,000 | $ 159,000 |
| Madison, WI | 1 | $ 414,000 | $ 414,000 | $ 200,000 |
| Merced, CA | 1 | $ 203,000 | $ 203,000 | $ 62,000 |
| Naples-Marco Island, FL | 1 | $ 251,000 | $ 251,000 | $ 106,000 |
| Niles-Benton Harbor, MI | 1 | $ 52,000 | $ 52,000 | $ 20,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 82,000 | $ 82,000 | $ 58,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 292,000 | $ 292,000 | $ 179,000 |
| Philadelphia, PA | 1 | $ 279,000 | $ 279,000 | $ 49,000 |
| Phoenix-Mesa-Glendale, AZ | 1 | $ 234,000 | $ 234,000 | $ 0 |
| Redding, CA | 1 | $ 231,000 | $ 231,000 | $ 36,000 |
| Roanoke, VA | 1 | $ 103,000 | $ 103,000 | $ 45,000 |
| Salinas, CA | 1 | $ 729,000 | $ 729,000 | $ 345,000 |
| Tallahassee, FL | 1 | $ 546,000 | $ 546,000 | $ 333,000 |
| Terre Haute, IN | 1 | $ 167,000 | $ 167,000 | $ 135,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 268,000 | $ 268,000 | $ 47,000 |
Mortgage Loan Application Detail Totals for Mortgage Direct Inc 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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,356 | $404,148,000 | $298,000 | $1,947,000 | $141,000 | $1,570,000 |
| Home Purchase | 287 | $72,967,000 | $254,000 | $1,365,000 | $141,000 | $945,000 |
| Home Improvement | 2 | $480,000 | $240,000 | $300,000 | $75,000 | $120,000 |
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 | 1,196 | $355,013,000 | $296,000 | $1,947,000 | $154,000 | $1,570,000 |
| Not Provided | 156 | $44,824,000 | $287,000 | $1,000,000 | $112,000 | $683,000 |
| Hispanic | 100 | $23,536,000 | $235,000 | $893,000 | $91,000 | $821,000 |
| Asian | 99 | $33,107,000 | $334,000 | $1,515,000 | $130,000 | $608,000 |
| Black or African American | 73 | $14,810,000 | $202,000 | $591,000 | $84,000 | $479,000 |
| Native Hawaiian or Other Pacific Islander | 18 | $5,131,000 | $285,000 | $1,320,000 | $138,000 | $395,000 |
| American Indian or Alaskan Native | 3 | $1,174,000 | $391,000 | $412,000 | $137,000 | $257,000 |
| 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) | 1,391 | $422,438,000 | $303,000 | $1,947,000 | $153,000 | $1,570,000 |
| FHA-insured (Federal Housing Administration) | 248 | $53,774,000 | $216,000 | $688,000 | $78,000 | $821,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $997,000 | $249,000 | $378,000 | $87,000 | $138,000 |
| VA-guaranteed (Veterans Administration) | 2 | $386,000 | $193,000 | $200,000 | $116,000 | $122,000 |
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 | 918 | $264,089,000 | $287,000 | $1,947,000 | $163,000 | $1,305,000 |
| Application Withdrawn By Applicant | 427 | $129,378,000 | $302,000 | $1,440,000 | $121,000 | $1,570,000 |
| Application Denied By Financial Institution | 163 | $43,932,000 | $269,000 | $1,515,000 | $90,000 | $444,000 |
| Application Approved But Not Accepted | 131 | $38,505,000 | $293,000 | $1,100,000 | $122,000 | $710,000 |
| File Closed For Incompleteness | 6 | $1,691,000 | $281,000 | $582,000 | $72,000 | $114,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 58 | $17,153,000 | $295,000 | $1,515,000 | $82,000 | $325,000 |
| Collateral | 55 | $15,634,000 | $284,000 | $1,200,000 | $104,000 | $400,000 |
| Other | 16 | $4,292,000 | $268,000 | $890,000 | $123,000 | $444,000 |
| Credit History | 15 | $2,650,000 | $176,000 | $580,000 | $56,000 | $200,000 |
| Unverifiable Information | 11 | $2,293,000 | $208,000 | $281,000 | $79,000 | $161,000 |
| Employment History | 5 | $1,528,000 | $305,000 | $676,000 | $46,000 | $69,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $138,000 | $138,000 | $138,000 | $56,000 | $56,000 |
| Mortgage Insurance Denied | 1 | $104,000 | $104,000 | $104,000 | $21,000 | $21,000 |
| Credit Application Incomplete | 1 | $140,000 | $140,000 | $140,000 | $143,000 | $143,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage Direct Inc'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 Direct 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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