Mortgage Financial Group Mortgage Lending & HMDA Data, 2009
In 2009, Mortgage Financial Group of South Jordan, UT reported 119 mortgage applications totaling $23.1 million, up 28% from 2008. The average application was for $194,117, and applicants reported an average income of $53,100. 0% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Salt Lake City, UT (42), Chicago-Naperville-Joliet, IL (12) and Baltimore-Towson, MD (9) (applications in parentheses).
| Mortgage Company & Address | Mortgage Financial Group 406 W South Jordan Pkwy #140 South Jordan, UT 84095 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 119 |
| Total Mortgage Loan Application Amount | $23,100,000 |
| Average Mortgage Loan Application Amount | $194,117 |
| Highest Mortgage Loan Application Amount | $350,000 |
| Average Applicant Income | $53,100 |
| Highest Applicant Income | $130,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Financial Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Salt Lake, Utah | 41 | $ 8,153,000 | $ 198,853 | $ 53,000 |
| Cook, Illinois | 9 | $ 1,480,000 | $ 164,444 | $ 50,000 |
| Utah, Utah | 8 | $ 1,596,000 | $ 199,500 | $ 55,000 |
| Prince George's, Maryland | 5 | $ 1,226,000 | $ 245,200 | $ 69,000 |
| Shelby, Tennessee | 4 | $ 464,000 | $ 116,000 | $ 46,000 |
| Anne Arundel, Maryland | 3 | $ 690,000 | $ 230,000 | $ 59,000 |
| Baltimore, Maryland | 3 | $ 556,000 | $ 185,333 | $ 47,000 |
| New Haven, Connecticut | 2 | $ 363,000 | $ 181,500 | $ 31,000 |
| St. Lucie, Florida | 2 | $ 444,000 | $ 222,000 | $ 57,000 |
| Will, Illinois | 2 | $ 515,000 | $ 257,500 | $ 30,000 |
| Baltimore City, Maryland | 2 | $ 275,000 | $ 137,500 | $ 34,000 |
| Cache, Utah | 2 | $ 305,000 | $ 152,500 | $ 54,000 |
| Davis, Utah | 2 | $ 330,000 | $ 165,000 | $ 45,000 |
| Washington, Utah | 2 | $ 383,000 | $ 191,500 | $ 60,000 |
| Weber, Utah | 2 | $ 219,000 | $ 109,500 | $ 37,000 |
| Pima, Arizona | 1 | $ 134,000 | $ 134,000 | $ 50,000 |
| Douglas, Colorado | 1 | $ 290,000 | $ 290,000 | $ 80,000 |
| Hartford, Connecticut | 1 | $ 255,000 | $ 255,000 | $ 63,000 |
| Leon, Florida | 1 | $ 161,000 | $ 161,000 | $ 45,000 |
| Miami-Dade, Florida | 1 | $ 127,000 | $ 127,000 | $ 37,000 |
| Pasco, Florida | 1 | $ 184,000 | $ 184,000 | $ 51,000 |
| Kane, Illinois | 1 | $ 209,000 | $ 209,000 | $ 57,000 |
| Winnebago, Illinois | 1 | $ 75,000 | $ 75,000 | $ 30,000 |
| Calvert, Maryland | 1 | $ 255,000 | $ 255,000 | $ 130,000 |
| Frederick, Maryland | 1 | $ 197,000 | $ 197,000 | $ 50,000 |
| Harford, Maryland | 1 | $ 244,000 | $ 244,000 | $ 53,000 |
| Montgomery, Maryland | 1 | $ 247,000 | $ 247,000 | $ 63,000 |
| Talbot, Maryland | 1 | $ 203,000 | $ 203,000 | $ 55,000 |
| Wicomico, Maryland | 1 | $ 136,000 | $ 136,000 | $ 35,000 |
| Middlesex, Massachusetts | 1 | $ 349,000 | $ 349,000 | $ 10,000 |
| Oakland, Michigan | 1 | $ 186,000 | $ 186,000 | $ 48,000 |
| Hamilton, Tennessee | 1 | $ 200,000 | $ 200,000 | $ 50,000 |
| Garfield, Utah | 1 | $ 179,000 | $ 179,000 | $ 47,000 |
| Sanpete, Utah | 1 | $ 146,000 | $ 146,000 | $ 80,000 |
| Sevier, Utah | 1 | $ 162,000 | $ 162,000 | $ 44,000 |
| Tooele, Utah | 1 | $ 243,000 | $ 243,000 | $ 60,000 |
| Chesapeake, Virginia | 1 | $ 195,000 | $ 195,000 | $ 72,000 |
| Colonial Heights, Virginia | 1 | $ 137,000 | $ 137,000 | $ 67,000 |
| Fluvanna, Virginia | 1 | $ 193,000 | $ 193,000 | $ 52,000 |
| Henrico, Virginia | 1 | $ 250,000 | $ 250,000 | $ 65,000 |
| Richmond City, Virginia | 1 | $ 190,000 | $ 190,000 | $ 42,000 |
| Stafford, Virginia | 1 | $ 107,000 | $ 107,000 | $ 41,000 |
| Cowlitz, Washington | 1 | $ 177,000 | $ 177,000 | $ 43,000 |
| King, Washington | 1 | $ 327,000 | $ 327,000 | $ 80,000 |
| Snohomish, Washington | 1 | $ 343,000 | $ 343,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for Mortgage Financial Group in 2009
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 | 113 | $22,112,000 | $195,000 | $350,000 | $53,000 | $130,000 |
| Home Purchase | 6 | $988,000 | $164,000 | $255,000 | $55,000 | $82,000 |
| 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 | 77 | $15,378,000 | $199,000 | $349,000 | $52,000 | $100,000 |
| Black or African American | 31 | $5,730,000 | $184,000 | $350,000 | $53,000 | $130,000 |
| Hispanic | 5 | $870,000 | $174,000 | $260,000 | $50,000 | $67,000 |
| Not Provided | 5 | $951,000 | $190,000 | $327,000 | $61,000 | $94,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $171,000 | $171,000 | $171,000 | $57,000 | $57,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 119 | $23,100,000 | $194,000 | $350,000 | $53,000 | $130,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 105 | $20,245,000 | $192,000 | $350,000 | $53,000 | $130,000 |
| Application Denied By Financial Institution | 14 | $2,855,000 | $203,000 | $319,000 | $49,000 | $67,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Originated | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 13 | $2,640,000 | $203,000 | $319,000 | $49,000 | $67,000 |
| Debt-To-Income Ratio | 1 | $215,000 | $215,000 | $215,000 | $42,000 | $42,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 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 Financial Group's 2009 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 Financial Group'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 Utah, download the full spreadsheet
with aggregated HMDA statistics today.
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