Mortgage Now, Inc. Mortgage Lending & HMDA Data, 2007

In 2007, Mortgage Now, Inc. of Brooklyn Heights, OH reported 1,037 mortgage applications totaling $203.7 million, down 21% from 2006. The average application was for $196,412, and applicants reported an average income of $74,607. 91% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Cleveland-Elyria-Mentor, OH (203), Edison, NJ (152) and Atlanta-Sandy Springs-Marietta, GA (74) (applications in parentheses).

Mortgage Company & Address Mortgage Now, Inc.
750 West Resource Dr. Suite 300
Brooklyn Heights, OH 44131
Tel #: available with data download
Federal Regulator * available with data download
Years 2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 1,037
Total Mortgage Loan Application Amount $203,680,000
Average Mortgage Loan Application Amount $196,412
Highest Mortgage Loan Application Amount $1,140,000
Average Applicant Income $74,607
Highest Applicant Income $1,240,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mortgage Now, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Mortgage Now, Inc. by County in 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Cuyahoga, Ohio 162 $ 20,542,000 $ 126,802 $ 59,000
Ocean, New Jersey 92 $ 19,414,000 $ 211,021 $ 78,000
Bergen, New Jersey 45 $ 14,801,000 $ 328,911 $ 122,000
Cook, Illinois 31 $ 6,293,000 $ 203,000 $ 21,000
Middlesex, New Jersey 27 $ 7,539,000 $ 279,222 $ 96,000
Monmouth, New Jersey 25 $ 6,815,000 $ 272,600 $ 101,000
DeKalb, Georgia 18 $ 4,575,000 $ 254,166 $ 104,000
Essex, New Jersey 18 $ 5,566,000 $ 309,222 $ 59,000
Summit, Ohio 18 $ 3,256,000 $ 180,888 $ 60,000
Fulton, Georgia 17 $ 3,344,000 $ 196,705 $ 106,000
Lorain, Ohio 14 $ 2,335,000 $ 166,785 $ 97,000
Portage, Ohio 14 $ 2,368,000 $ 169,142 $ 83,000
Morris, New Jersey 13 $ 3,329,000 $ 256,076 $ 116,000
Passaic, New Jersey 13 $ 3,261,000 $ 250,846 $ 97,000
Lake, Ohio 13 $ 1,878,000 $ 144,461 $ 55,000
Harris, Texas 13 $ 1,679,000 $ 129,153 $ 58,000
Cobb, Georgia 12 $ 2,857,000 $ 238,083 $ 98,000
Union, New Jersey 11 $ 2,771,000 $ 251,909 $ 39,000
Delaware, Pennsylvania 11 $ 1,867,000 $ 169,727 $ 61,000
Lee, Florida 10 $ 1,751,000 $ 175,100 $ 94,000
Gwinnett, Georgia 10 $ 1,615,000 $ 161,500 $ 53,000
Mercer, New Jersey 10 $ 2,183,000 $ 218,300 $ 104,000
Wayne, Michigan 9 $ 1,135,000 $ 126,111 $ 39,000
Burlington, New Jersey 9 $ 1,832,000 $ 203,555 $ 56,000
Charleston, South Carolina 9 $ 1,543,000 $ 171,444 $ 46,000
Volusia, Florida 8 $ 1,290,000 $ 161,250 $ 100,000
Marion, Indiana 8 $ 863,000 $ 107,875 $ 35,000
Somerset, New Jersey 8 $ 2,420,000 $ 302,500 $ 99,000
Stark, Ohio 8 $ 917,000 $ 114,625 $ 40,000
Broward, Florida 7 $ 1,645,000 $ 235,000 $ 79,000
Escambia, Florida 7 $ 938,000 $ 134,000 $ 53,000
Hamilton, Indiana 7 $ 1,214,000 $ 173,428 $ 66,000
Camden, New Jersey 7 $ 1,485,000 $ 212,142 $ 103,000
Gloucester, New Jersey 7 $ 1,603,000 $ 229,000 $ 48,000
Hudson, New Jersey 7 $ 1,589,000 $ 227,000 $ 30,000
Geauga, Ohio 7 $ 1,356,000 $ 193,714 $ 87,000
Medina, Ohio 7 $ 1,041,000 $ 148,714 $ 42,000
Dorchester, South Carolina 7 $ 1,238,000 $ 176,857 $ 31,000
Berkeley, South Carolina 6 $ 1,016,000 $ 169,333 $ 37,000
Duval, Florida 5 $ 686,000 $ 137,200 $ 57,000
Hillsborough, Florida 5 $ 840,000 $ 168,000 $ 69,000
Okaloosa, Florida 5 $ 990,000 $ 198,000 $ 70,000
Atlantic, New Jersey 5 $ 1,132,000 $ 226,400 $ 55,000
Cumberland, New Jersey 5 $ 862,000 $ 172,400 $ 39,000
Bucks, Pennsylvania 5 $ 1,164,000 $ 232,800 $ 143,000
San Bernardino, California 4 $ 972,000 $ 243,000 $ 73,000
Miami-Dade, Florida 4 $ 863,000 $ 215,750 $ 78,000
Pinellas, Florida 4 $ 909,000 $ 227,250 $ 115,000
Chatham, Georgia 4 $ 591,000 $ 147,750 $ 44,000
Cherokee, Georgia 4 $ 905,000 $ 226,250 $ 117,000
Montgomery, Maryland 4 $ 1,573,000 $ 393,250 $ 156,000
Hunterdon, New Jersey 4 $ 1,028,000 $ 257,000 $ 121,000
Montgomery, Pennsylvania 4 $ 619,000 $ 154,750 $ 31,000
Los Angeles, California 3 $ 911,000 $ 303,666 $ 164,000
San Diego, California 3 $ 658,000 $ 219,333 $ 117,000
Pickens, Georgia 3 $ 392,000 $ 130,666 $ 42,000
Elkhart, Indiana 3 $ 421,000 $ 140,333 $ 69,000
Hancock, Indiana 3 $ 596,000 $ 198,666 $ 54,000
Baltimore City, Maryland 3 $ 432,000 $ 144,000 $ 61,000
Prince George's, Maryland 3 $ 677,000 $ 225,666 $ 52,000
Sussex, New Jersey 3 $ 817,000 $ 272,333 $ 64,000
Philadelphia, Pennsylvania 3 $ 438,000 $ 146,000 $ 37,000
Anderson, South Carolina 3 $ 310,000 $ 103,333 $ 68,000
Greenville, South Carolina 3 $ 566,000 $ 188,666 $ 49,000
Bexar, Texas 3 $ 337,000 $ 112,333 $ 59,000
El Paso, Texas 3 $ 469,000 $ 156,333 $ 63,000
Contra Costa, California 2 $ 644,000 $ 322,000 $ 30,000
Fresno, California 2 $ 950,000 $ 475,000 $ 182,000
Brevard, Florida 2 $ 422,000 $ 211,000 $ 78,000
Clay, Florida 2 $ 609,000 $ 304,500 $ 114,000
Orange, Florida 2 $ 459,000 $ 229,500 $ 0
Osceola, Florida 2 $ 379,000 $ 189,500 $ 42,000
Seminole, Florida 2 $ 538,000 $ 269,000 $ 118,000
Barrow, Georgia 2 $ 145,000 $ 72,500 $ 39,000
Fayette, Georgia 2 $ 377,000 $ 188,500 $ 82,000
Henry, Georgia 2 $ 286,000 $ 143,000 $ 115,000
Muscogee, Georgia 2 $ 258,000 $ 129,000 $ 61,000
Richmond, Georgia 2 $ 299,000 $ 149,500 $ 68,000
Hendricks, Indiana 2 $ 342,000 $ 171,000 $ 54,000
Anne Arundel, Maryland 2 $ 575,000 $ 287,500 $ 115,000
Wicomico, Maryland 2 $ 340,000 $ 170,000 $ 43,000
Jackson, Missouri 2 $ 195,000 $ 97,500 $ 35,000
Warren, New Jersey 2 $ 450,000 $ 225,000 $ 102,000
Clark, Ohio 2 $ 205,000 $ 102,500 $ 31,000
Franklin, Ohio 2 $ 274,000 $ 137,000 $ 63,000
Lucas, Ohio 2 $ 255,000 $ 127,500 $ 24,000
Trumbull, Ohio 2 $ 245,000 $ 122,500 $ 67,000
Luzerne, Pennsylvania 2 $ 238,000 $ 119,000 $ 54,000
Northampton, Pennsylvania 2 $ 428,000 $ 214,000 $ 66,000
Horry, South Carolina 2 $ 365,000 $ 182,500 $ 19,000
Hamilton, Tennessee 2 $ 262,000 $ 131,000 $ 16,000
Knox, Tennessee 2 $ 261,000 $ 130,500 $ 80,000
Bell, Texas 2 $ 280,000 $ 140,000 $ 90,000
Dallas, Texas 2 $ 240,000 $ 120,000 $ 49,000
Midland, Texas 2 $ 177,000 $ 88,500 $ 28,000
Mobile, Alabama 1 $ 112,000 $ 112,000 $ 52,000
Shelby, Alabama 1 $ 116,000 $ 116,000 $ 27,000
Imperial, California 1 $ 245,000 $ 245,000 $ 99,000
Monterey, California 1 $ 417,000 $ 417,000 $ 0
Orange, California 1 $ 300,000 $ 300,000 $ 109,000
Riverside, California 1 $ 303,000 $ 303,000 $ 166,000
Arapahoe, Colorado 1 $ 339,000 $ 339,000 $ 132,000
Douglas, Colorado 1 $ 320,000 $ 320,000 $ 92,000
El Paso, Colorado 1 $ 192,000 $ 192,000 $ 102,000
Jefferson, Colorado 1 $ 209,000 $ 209,000 $ 72,000
Alachua, Florida 1 $ 191,000 $ 191,000 $ 50,000
Bay, Florida 1 $ 109,000 $ 109,000 $ 0
Collier, Florida 1 $ 304,000 $ 304,000 $ 79,000
Leon, Florida 1 $ 226,000 $ 226,000 $ 73,000
Manatee, Florida 1 $ 245,000 $ 245,000 $ 74,000
Palm Beach, Florida 1 $ 239,000 $ 239,000 $ 74,000
Pasco, Florida 1 $ 160,000 $ 160,000 $ 120,000
Polk, Florida 1 $ 226,000 $ 226,000 $ 117,000
Bartow, Georgia 1 $ 241,000 $ 241,000 $ 0
Bryan, Georgia 1 $ 96,000 $ 96,000 $ 0
Clarke, Georgia 1 $ 344,000 $ 344,000 $ 88,000
Clayton, Georgia 1 $ 98,000 $ 98,000 $ 40,000
Douglas, Georgia 1 $ 249,000 $ 249,000 $ 61,000
Effingham, Georgia 1 $ 222,000 $ 222,000 $ 75,000
Forsyth, Georgia 1 $ 190,000 $ 190,000 $ 126,000
Lee, Georgia 1 $ 168,000 $ 168,000 $ 56,000
McIntosh, Georgia 1 $ 143,000 $ 143,000 $ 46,000
DuPage, Illinois 1 $ 279,000 $ 279,000 $ 0
Kane, Illinois 1 $ 183,000 $ 183,000 $ 0
Kankakee, Illinois 1 $ 79,000 $ 79,000 $ 36,000
McHenry, Illinois 1 $ 267,000 $ 267,000 $ 86,000
Stark, Illinois 1 $ 67,000 $ 67,000 $ 20,000
Will, Illinois 1 $ 215,000 $ 215,000 $ 71,000
Johnson, Indiana 1 $ 66,000 $ 66,000 $ 37,000
Lake, Indiana 1 $ 144,000 $ 144,000 $ 60,000
Porter, Indiana 1 $ 170,000 $ 170,000 $ 78,000
Shelby, Indiana 1 $ 168,000 $ 168,000 $ 74,000
St. Joseph, Indiana 1 $ 78,000 $ 78,000 $ 69,000
Baltimore, Maryland 1 $ 145,000 $ 145,000 $ 83,000
Washington, Maryland 1 $ 250,000 $ 250,000 $ 68,000
Genesee, Michigan 1 $ 91,000 $ 91,000 $ 36,000
Van Buren, Michigan 1 $ 143,000 $ 143,000 $ 34,000
Washtenaw, Michigan 1 $ 199,000 $ 199,000 $ 0
Carver, Minnesota 1 $ 158,000 $ 158,000 $ 40,000
Clay, Minnesota 1 $ 167,000 $ 167,000 $ 0
Andrew, Missouri 1 $ 164,000 $ 164,000 $ 89,000
St. Louis, Missouri 1 $ 135,000 $ 135,000 $ 0
Cape May, New Jersey 1 $ 203,000 $ 203,000 $ 66,000
Salem, New Jersey 1 $ 170,000 $ 170,000 $ 60,000
Niagara, New York 1 $ 252,000 $ 252,000 $ 170,000
Orange, New York 1 $ 260,000 $ 260,000 $ 155,000
Queens, New York 1 $ 588,000 $ 588,000 $ 0
Suffolk, New York 1 $ 305,000 $ 305,000 $ 0
Erie, Ohio 1 $ 125,000 $ 125,000 $ 69,000
Fulton, Ohio 1 $ 285,000 $ 285,000 $ 143,000
Montgomery, Ohio 1 $ 226,000 $ 226,000 $ 120,000
Ottawa, Ohio 1 $ 252,000 $ 252,000 $ 220,000
Wood, Ohio 1 $ 156,000 $ 156,000 $ 51,000
Allegheny, Pennsylvania 1 $ 301,000 $ 301,000 $ 83,000
Berks, Pennsylvania 1 $ 79,000 $ 79,000 $ 40,000
Butler, Pennsylvania 1 $ 159,000 $ 159,000 $ 0
Centre, Pennsylvania 1 $ 131,000 $ 131,000 $ 50,000
Lackawanna, Pennsylvania 1 $ 242,000 $ 242,000 $ 96,000
Lehigh, Pennsylvania 1 $ 262,000 $ 262,000 $ 72,000
Pike, Pennsylvania 1 $ 150,000 $ 150,000 $ 23,000
York, Pennsylvania 1 $ 147,000 $ 147,000 $ 60,000
Florence, South Carolina 1 $ 262,000 $ 262,000 $ 76,000
Pickens, South Carolina 1 $ 220,000 $ 220,000 $ 84,000
Spartanburg, South Carolina 1 $ 128,000 $ 128,000 $ 62,000
Sumter, South Carolina 1 $ 99,000 $ 99,000 $ 55,000
York, South Carolina 1 $ 128,000 $ 128,000 $ 59,000
Blount, Tennessee 1 $ 134,000 $ 134,000 $ 29,000
Shelby, Tennessee 1 $ 356,000 $ 356,000 $ 95,000
Washington, Tennessee 1 $ 109,000 $ 109,000 $ 48,000
Williamson, Tennessee 1 $ 101,000 $ 101,000 $ 61,000
Brazoria, Texas 1 $ 92,000 $ 92,000 $ 20,000
Cameron, Texas 1 $ 91,000 $ 91,000 $ 83,000
Comal, Texas 1 $ 74,000 $ 74,000 $ 73,000
Coryell, Texas 1 $ 90,000 $ 90,000 $ 42,000
Denton, Texas 1 $ 295,000 $ 295,000 $ 83,000
Fort Bend, Texas 1 $ 172,000 $ 172,000 $ 134,000
Hidalgo, Texas 1 $ 98,000 $ 98,000 $ 40,000
Jefferson, Texas 1 $ 115,000 $ 115,000 $ 74,000
Kaufman, Texas 1 $ 98,000 $ 98,000 $ 65,000
Montgomery, Texas 1 $ 94,000 $ 94,000 $ 60,000
Nueces, Texas 1 $ 75,000 $ 75,000 $ 71,000
Orange, Texas 1 $ 42,000 $ 42,000 $ 29,000
Randall, Texas 1 $ 124,000 $ 124,000 $ 103,000
Travis, Texas 1 $ 50,000 $ 50,000 $ 50,000
Victoria, Texas 1 $ 127,000 $ 127,000 $ 128,000
Williamson, Texas 1 $ 143,000 $ 143,000 $ 71,000
Chesapeake, Virginia 1 $ 333,000 $ 333,000 $ 110,000

Mortgage Loan Application Detail Totals for Mortgage Now, Inc. in 2007

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 617 $125,244,000 $202,000 $786,000 $72,000 $570,000
Home Purchase 412 $78,008,000 $189,000 $1,140,000 $78,000 $1,240,000
Home Improvement 8 $428,000 $53,000 $100,000 $101,000 $248,000

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 692 $136,475,000 $197,000 $1,140,000 $85,000 $1,240,000
Not Provided 135 $29,981,000 $222,000 $645,000 $61,000 $397,000
Black or African American 127 $21,258,000 $167,000 $786,000 $45,000 $300,000
Hispanic 59 $10,623,000 $180,000 $417,000 $58,000 $211,000
Asian 14 $3,004,000 $214,000 $401,000 $75,000 $130,000
Not applicable 7 $1,610,000 $230,000 $322,000 $0 $0
Native Hawaiian or Other Pacific Islander 2 $581,000 $290,000 $361,000 $92,000 $108,000
American Indian or Alaskan Native 1 $148,000 $148,000 $148,000 $39,000 $39,000

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) 706 $148,731,000 $210,000 $1,140,000 $87,000 $1,240,000
FHA-insured (Federal Housing Administration) 299 $48,705,000 $162,000 $401,000 $48,000 $223,000
VA-guaranteed (Veterans Administration) 32 $6,244,000 $195,000 $320,000 $61,000 $176,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 942 $183,892,000 $195,000 $1,140,000 $77,000 $1,240,000
Application Withdrawn By Applicant 57 $12,226,000 $214,000 $645,000 $62,000 $242,000
Application Denied By Financial Institution 21 $4,113,000 $195,000 $466,000 $60,000 $136,000
Loan Purchased By The Institution 17 $3,449,000 $202,000 $312,000 $24,000 $86,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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 7 $1,128,000 $161,000 $413,000 $45,000 $107,000
Debt-To-Income Ratio 5 $1,010,000 $202,000 $306,000 $52,000 $111,000
Collateral 3 $874,000 $291,000 $300,000 $49,000 $79,000
Insufficient Cash (Downpayment, Closing Cost) 3 $435,000 $145,000 $290,000 $105,000 $119,000
Other 3 $666,000 $222,000 $466,000 $79,000 $136,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Mortgage Now, Inc.'s 2007 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 Now, 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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