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Act (HMDA) records Mortgage Now, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Cleveland-Elyria-Mentor, OH | 203 | $ 27,152,000 | $ 133,753 | $ 61,000 |
| Edison, NJ | 152 | $ 36,188,000 | $ 238,078 | $ 86,000 |
| Atlanta-Sandy Springs-Marietta, GA | 74 | $ 15,274,000 | $ 206,405 | $ 90,000 |
| New York-White Plains-Wayne, NY-NJ | 66 | $ 20,239,000 | $ 306,651 | $ 105,378 |
| Newark-Union, NJ-PA | 50 | $ 13,661,000 | $ 273,220 | $ 73,960 |
| Chicago-Naperville-Joliet, IL | 35 | $ 7,237,000 | $ 206,771 | $ 23,000 |
| Akron, OH | 32 | $ 5,624,000 | $ 175,750 | $ 70,000 |
| Camden, NJ | 23 | $ 4,920,000 | $ 213,913 | $ 68,000 |
| Philadelphia, PA | 23 | $ 4,088,000 | $ 177,739 | $ 70,000 |
| Charleston-North Charleston, SC | 22 | $ 3,797,000 | $ 172,590 | $ 39,000 |
| Indianapolis-Carmel, IN | 22 | $ 3,249,000 | $ 147,681 | $ 51,000 |
| Houston-Sugar Land-Baytown, TX | 16 | $ 2,037,000 | $ 127,312 | $ 61,000 |
| Cape Coral-Fort Myers, FL | 10 | $ 1,751,000 | $ 175,100 | $ 94,000 |
| Tampa-St. Petersburg-Clearwater, FL | 10 | $ 1,909,000 | $ 190,900 | $ 92,000 |
| Trenton-Ewing, NJ | 10 | $ 2,183,000 | $ 218,300 | $ 104,000 |
| Detroit-Livonia-Dearborn, MI | 9 | $ 1,135,000 | $ 126,111 | $ 39,000 |
| Canton-Massillon, OH | 8 | $ 917,000 | $ 114,625 | $ 40,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 8 | $ 1,290,000 | $ 161,250 | $ 100,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 7 | $ 1,645,000 | $ 235,000 | $ 79,000 |
| Jacksonville, FL | 7 | $ 1,295,000 | $ 185,000 | $ 74,000 |
| Pensacola-Ferry Pass-Brent, FL | 7 | $ 938,000 | $ 134,000 | $ 53,000 |
| Baltimore-Towson, MD | 6 | $ 1,152,000 | $ 192,000 | $ 83,000 |
| Orlando-Kissimmee, FL | 6 | $ 1,376,000 | $ 229,333 | $ 53,000 |
| Savannah, GA | 6 | $ 909,000 | $ 151,500 | $ 42,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 5 | $ 1,140,000 | $ 228,000 | $ 81,600 |
| Atlantic City, NJ | 5 | $ 1,132,000 | $ 226,400 | $ 55,000 |
| Fort Walton Beach-Crestview-Destin, FL | 5 | $ 990,000 | $ 198,000 | $ 70,000 |
| Riverside-San Bernardino-Ontario, CA | 5 | $ 1,275,000 | $ 255,000 | $ 91,000 |
| Toledo, OH | 5 | $ 948,000 | $ 189,600 | $ 92,000 |
| Vineland-Millville-Bridgeton, NJ | 5 | $ 862,000 | $ 172,400 | $ 39,000 |
| Bethesda-Gaithersburg-Frederick, MD | 4 | $ 1,573,000 | $ 393,250 | $ 156,000 |
| Dallas-Plano-Irving, TX | 4 | $ 633,000 | $ 158,250 | $ 61,000 |
| Greenville-Mauldin-Easley, SC | 4 | $ 786,000 | $ 196,500 | $ 58,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 863,000 | $ 215,750 | $ 78,000 |
| San Antonio, TX | 4 | $ 411,000 | $ 102,750 | $ 62,000 |
| Anderson, SC | 3 | $ 310,000 | $ 103,333 | $ 68,000 |
| Denver-Aurora, CO | 3 | $ 868,000 | $ 289,333 | $ 98,000 |
| El Paso, TX | 3 | $ 469,000 | $ 156,333 | $ 63,000 |
| Elkhart-Goshen, IN | 3 | $ 421,000 | $ 140,333 | $ 69,000 |
| Killeen-Temple-Fort Hood, TX | 3 | $ 370,000 | $ 123,333 | $ 74,000 |
| Knoxville, TN | 3 | $ 395,000 | $ 131,666 | $ 63,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 911,000 | $ 303,666 | $ 164,000 |
| San Diego-Carlsbad-San Marcos, CA | 3 | $ 658,000 | $ 219,333 | $ 117,000 |
| Scranton--Wilkes-Barre, PA | 3 | $ 480,000 | $ 160,000 | $ 68,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 677,000 | $ 225,666 | $ 52,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 299,000 | $ 149,500 | $ 68,000 |
| Austin-Round Rock, TX | 2 | $ 193,000 | $ 96,500 | $ 60,000 |
| Beaumont-Port Arthur, TX | 2 | $ 157,000 | $ 78,500 | $ 51,000 |
| Chattanooga, TN-GA | 2 | $ 262,000 | $ 131,000 | $ 16,000 |
| Columbus, GA-AL | 2 | $ 258,000 | $ 129,000 | $ 61,000 |
| Columbus, OH | 2 | $ 274,000 | $ 137,000 | $ 63,000 |
| Fresno, CA | 2 | $ 950,000 | $ 475,000 | $ 182,000 |
| Gary, IN | 2 | $ 314,000 | $ 157,000 | $ 69,000 |
| Kansas City, MO-KS | 2 | $ 195,000 | $ 97,500 | $ 35,000 |
| Midland, TX | 2 | $ 177,000 | $ 88,500 | $ 28,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 2 | $ 365,000 | $ 182,500 | $ 19,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 644,000 | $ 322,000 | $ 30,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 422,000 | $ 211,000 | $ 78,000 |
| Pittsburgh, PA | 2 | $ 460,000 | $ 230,000 | $ 41,000 |
| Salisbury, MD | 2 | $ 340,000 | $ 170,000 | $ 43,000 |
| Springfield, OH | 2 | $ 205,000 | $ 102,500 | $ 31,000 |
| Youngstown-Warren-Boardman, OH-PA | 2 | $ 245,000 | $ 122,500 | $ 67,000 |
| Albany, GA | 1 | $ 168,000 | $ 168,000 | $ 56,000 |
| Amarillo, TX | 1 | $ 124,000 | $ 124,000 | $ 103,000 |
| Ann Arbor, MI | 1 | $ 199,000 | $ 199,000 | $ 0 |
| Athens-Clarke County, GA | 1 | $ 344,000 | $ 344,000 | $ 88,000 |
| Birmingham-Hoover, AL | 1 | $ 116,000 | $ 116,000 | $ 27,000 |
| Brownsville-Harlingen, TX | 1 | $ 91,000 | $ 91,000 | $ 83,000 |
| Brunswick, GA | 1 | $ 143,000 | $ 143,000 | $ 46,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 252,000 | $ 252,000 | $ 170,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 128,000 | $ 128,000 | $ 59,000 |
| Colorado Springs, CO | 1 | $ 192,000 | $ 192,000 | $ 102,000 |
| Corpus Christi, TX | 1 | $ 75,000 | $ 75,000 | $ 71,000 |
| Dayton, OH | 1 | $ 226,000 | $ 226,000 | $ 120,000 |
| El Centro, CA | 1 | $ 245,000 | $ 245,000 | $ 99,000 |
| Fargo, ND-MN | 1 | $ 167,000 | $ 167,000 | $ 0 |
| Flint, MI | 1 | $ 91,000 | $ 91,000 | $ 36,000 |
| Florence, SC | 1 | $ 262,000 | $ 262,000 | $ 76,000 |
| Gainesville, FL | 1 | $ 191,000 | $ 191,000 | $ 50,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 250,000 | $ 250,000 | $ 68,000 |
| Johnson City, TN | 1 | $ 109,000 | $ 109,000 | $ 48,000 |
| Kalamazoo-Portage, MI | 1 | $ 143,000 | $ 143,000 | $ 34,000 |
| Kankakee-Bradley, IL | 1 | $ 79,000 | $ 79,000 | $ 36,000 |
| Lakeland, FL | 1 | $ 226,000 | $ 226,000 | $ 117,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 98,000 | $ 98,000 | $ 40,000 |
| Memphis, TN-MS-AR | 1 | $ 356,000 | $ 356,000 | $ 95,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 158,000 | $ 158,000 | $ 40,000 |
| Mobile, AL | 1 | $ 112,000 | $ 112,000 | $ 52,000 |
| Naples-Marco Island, FL | 1 | $ 304,000 | $ 304,000 | $ 79,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 101,000 | $ 101,000 | $ 61,000 |
| Nassau-Suffolk, NY | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Ocean City, NJ | 1 | $ 203,000 | $ 203,000 | $ 66,000 |
| Panama City-Lynn Haven, FL | 1 | $ 109,000 | $ 109,000 | $ 0 |
| Peoria, IL | 1 | $ 67,000 | $ 67,000 | $ 20,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 1 | $ 260,000 | $ 260,000 | $ 155,000 |
| Reading, PA | 1 | $ 79,000 | $ 79,000 | $ 40,000 |
| Salinas, CA | 1 | $ 417,000 | $ 417,000 | $ 0 |
| Sandusky, OH | 1 | $ 125,000 | $ 125,000 | $ 69,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 300,000 | $ 300,000 | $ 109,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 245,000 | $ 245,000 | $ 74,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 78,000 | $ 78,000 | $ 69,000 |
| Spartanburg, SC | 1 | $ 128,000 | $ 128,000 | $ 62,000 |
| St. Joseph, MO-KS | 1 | $ 164,000 | $ 164,000 | $ 89,000 |
| St. Louis, MO-IL | 1 | $ 135,000 | $ 135,000 | $ 0 |
| State College, PA | 1 | $ 131,000 | $ 131,000 | $ 50,000 |
| Sumter, SC | 1 | $ 99,000 | $ 99,000 | $ 55,000 |
| Tallahassee, FL | 1 | $ 226,000 | $ 226,000 | $ 73,000 |
| Victoria, TX | 1 | $ 127,000 | $ 127,000 | $ 128,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 333,000 | $ 333,000 | $ 110,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 239,000 | $ 239,000 | $ 74,000 |
| Wilmington, DE-MD-NJ | 1 | $ 170,000 | $ 170,000 | $ 60,000 |
| York-Hanover, PA | 1 | $ 147,000 | $ 147,000 | $ 60,000 |
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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