Mortgage Markets Cuso, LLC Mortgage Lending & HMDA Data, 2016

In 2016, Mortgage Markets Cuso, LLC of East Hartford, CT reported 197 mortgage applications totaling $36.4 million, up 20% from 2015. The average application was for $184,878, and applicants reported an average income of $92,796. 70% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (73), Bridgeport-Stamford-Norwalk, CT (49) and New Haven-Milford, CT (25) (applications in parentheses).

Mortgage Company & Address Mortgage Markets Cuso, LLC
616 Burnside Avenue
East Hartford, CT 06108
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 197
Total Mortgage Loan Application Amount $36,421,000
Average Mortgage Loan Application Amount $184,878
Highest Mortgage Loan Application Amount $468,000
Average Applicant Income $92,796
Highest Applicant Income $341,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Markets Cuso, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Mortgage Markets Cuso, LLC in 2016

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 109 $18,714,000 $171,000 $468,000 $87,000 $255,000
Refinancing 70 $14,461,000 $206,000 $417,000 $101,000 $341,000
Home Improvement 18 $3,246,000 $180,000 $360,000 $96,000 $174,000

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 101 $19,761,000 $195,000 $468,000 $97,000 $341,000
Not Provided 67 $11,772,000 $175,000 $390,000 $88,000 $183,000
Black or African American 13 $2,307,000 $177,000 $414,000 $92,000 $152,000
Hispanic 10 $1,675,000 $167,000 $417,000 $72,000 $221,000
Asian 6 $906,000 $151,000 $284,000 $105,000 $154,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Native Hawaiin or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 194 $36,104,000 $186,000 $468,000 $93,000 $341,000
FHA-insured (Federal Housing Administration) 3 $317,000 $105,000 $168,000 $51,000 $63,000
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

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 137 $25,765,000 $188,000 $468,000 $96,000 $341,000
Application Denied By Financial Institution 24 $4,394,000 $183,000 $390,000 $84,000 $183,000
Application Withdrawn By Applicant 17 $3,647,000 $214,000 $417,000 $109,000 $174,000
Preapproval Denied by Financial Institution 12 $1,241,000 $103,000 $200,000 $49,000 $144,000
File Closed For Incompleteness 4 $959,000 $239,000 $365,000 $76,000 $136,000
Application Approved But Not Accepted 2 $329,000 $164,000 $299,000 $149,000 $177,000
Preapproval Approved but not Accepted 1 $86,000 $86,000 $86,000 $35,000 $35,000
Loan Purchased By The 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 $2,397,000 $171,000 $390,000 $86,000 $183,000
Debt-To-Income Ratio 13 $2,085,000 $160,000 $363,000 $50,000 $145,000
Employment History 1 $64,000 $64,000 $64,000 $28,000 $28,000
Insufficient Cash (Downpayment, Closing Cost) 1 $222,000 $222,000 $222,000 $90,000 $90,000
Collateral 1 $264,000 $264,000 $264,000 $79,000 $79,000
Other 1 $169,000 $169,000 $169,000 $151,000 $151,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage Markets Cuso, LLC's 2016 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 Markets Cuso, LLC'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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