Mpoint Mortgage Services Mortgage Lending & HMDA Data, 2008
In 2008, Mpoint Mortgage Services of Crofton, MD reported 846 mortgage applications totaling $235.0 million, down 2% from 2007. The average application was for $277,789, and applicants reported an average income of $93,411. 71% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (372), Baltimore-Towson, MD (181) and Bethesda-Frederick-Gaithersburg, MD (172) (applications in parentheses).
| Mortgage Company & Address | Mpoint Mortgage Services 1655 Crofton Blvd, Ste 301 Crofton, MD 21114 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 |
| Total Number of Mortgage Applications | 846 |
| Total Mortgage Loan Application Amount | $235,010,000 |
| Average Mortgage Loan Application Amount | $277,789 |
| Highest Mortgage Loan Application Amount | $829,000 |
| Average Applicant Income | $93,411 |
| Highest Applicant Income | $539,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mpoint Mortgage Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Prince George's, Maryland | 175 | $ 56,157,000 | $ 320,897 | $ 98,000 |
| Montgomery, Maryland | 148 | $ 47,265,000 | $ 319,358 | $ 100,000 |
| Anne Arundel, Maryland | 62 | $ 18,339,000 | $ 295,790 | $ 103,000 |
| District of Columbia, District Of Columbia | 55 | $ 14,434,000 | $ 262,436 | $ 91,000 |
| Baltimore City, Maryland | 47 | $ 7,281,000 | $ 154,914 | $ 80,000 |
| Spotsylvania, Virginia | 42 | $ 12,057,000 | $ 287,071 | $ 100,000 |
| Baltimore, Maryland | 31 | $ 7,260,000 | $ 234,193 | $ 70,000 |
| Charles, Maryland | 30 | $ 9,837,000 | $ 327,900 | $ 109,000 |
| Frederick, Maryland | 24 | $ 6,679,000 | $ 278,291 | $ 91,000 |
| Stafford, Virginia | 24 | $ 6,784,000 | $ 282,666 | $ 94,000 |
| Louisa, Virginia | 17 | $ 2,925,000 | $ 172,058 | $ 65,000 |
| Howard, Maryland | 16 | $ 4,675,000 | $ 292,187 | $ 102,000 |
| Caroline, Maryland | 15 | $ 2,941,000 | $ 196,066 | $ 65,000 |
| Prince William, Virginia | 14 | $ 3,491,000 | $ 249,357 | $ 86,000 |
| Queen Anne's, Maryland | 12 | $ 3,771,000 | $ 314,250 | $ 89,000 |
| Calvert, Maryland | 11 | $ 2,597,000 | $ 236,090 | $ 64,000 |
| Fairfax, Virginia | 8 | $ 2,595,000 | $ 324,375 | $ 112,000 |
| Carroll, Maryland | 7 | $ 1,978,000 | $ 282,571 | $ 75,000 |
| Caroline, Virginia | 7 | $ 1,417,000 | $ 202,428 | $ 64,000 |
| Berkeley, West Virginia | 7 | $ 1,176,000 | $ 168,000 | $ 47,000 |
| Harford, Maryland | 6 | $ 1,445,000 | $ 240,833 | $ 59,000 |
| Orange, Virginia | 6 | $ 1,437,000 | $ 239,500 | $ 104,000 |
| Dorchester, Maryland | 4 | $ 607,000 | $ 151,750 | $ 54,000 |
| Chesterfield, Virginia | 4 | $ 931,000 | $ 232,750 | $ 74,000 |
| Westmoreland, Virginia | 4 | $ 665,000 | $ 166,250 | $ 74,000 |
| Talbot, Maryland | 3 | $ 531,000 | $ 177,000 | $ 41,000 |
| Washington, Maryland | 3 | $ 804,000 | $ 268,000 | $ 147,000 |
| Worcester, Maryland | 3 | $ 738,000 | $ 246,000 | $ 113,000 |
| Arlington, Virginia | 3 | $ 764,000 | $ 254,666 | $ 95,000 |
| Hanover, Virginia | 3 | $ 693,000 | $ 231,000 | $ 54,000 |
| King George, Virginia | 3 | $ 1,130,000 | $ 376,666 | $ 99,000 |
| Jefferson, West Virginia | 3 | $ 611,000 | $ 203,666 | $ 75,000 |
| New Castle, Delaware | 2 | $ 460,000 | $ 230,000 | $ 51,000 |
| Garrett, Maryland | 2 | $ 570,000 | $ 285,000 | $ 269,000 |
| St. Mary's, Maryland | 2 | $ 587,000 | $ 293,500 | $ 98,000 |
| Culpeper, Virginia | 2 | $ 691,000 | $ 345,500 | $ 308,000 |
| Frederick, Virginia | 2 | $ 626,000 | $ 313,000 | $ 190,000 |
| Fredericksburg, Virginia | 2 | $ 528,000 | $ 264,000 | $ 68,000 |
| Hampton, Virginia | 2 | $ 369,000 | $ 184,500 | $ 94,000 |
| Petersburg, Virginia | 2 | $ 235,000 | $ 117,500 | $ 82,000 |
| Richmond, Virginia | 2 | $ 375,000 | $ 187,500 | $ 59,000 |
| Sussex, Virginia | 2 | $ 106,000 | $ 53,000 | $ 27,000 |
| Sussex, Delaware | 1 | $ 318,000 | $ 318,000 | $ 360,000 |
| Wicomico, Maryland | 1 | $ 96,000 | $ 96,000 | $ 18,000 |
| Brunswick, North Carolina | 1 | $ 256,000 | $ 256,000 | $ 170,000 |
| Caldwell, North Carolina | 1 | $ 61,000 | $ 61,000 | $ 16,000 |
| Cumberland, North Carolina | 1 | $ 77,000 | $ 77,000 | $ 55,000 |
| Johnston, North Carolina | 1 | $ 200,000 | $ 200,000 | $ 30,000 |
| Montgomery, Pennsylvania | 1 | $ 165,000 | $ 165,000 | $ 69,000 |
| Philadelphia, Pennsylvania | 1 | $ 372,000 | $ 372,000 | $ 142,000 |
| Horry, South Carolina | 1 | $ 368,000 | $ 368,000 | $ 400,000 |
| Albemarle, Virginia | 1 | $ 406,000 | $ 406,000 | $ 138,000 |
| Alexandria, Virginia | 1 | $ 145,000 | $ 145,000 | $ 36,000 |
| Augusta, Virginia | 1 | $ 164,000 | $ 164,000 | $ 50,000 |
| Bedford, Virginia | 1 | $ 164,000 | $ 164,000 | $ 63,000 |
| Chesapeake, Virginia | 1 | $ 182,000 | $ 182,000 | $ 66,000 |
| Emporia, Virginia | 1 | $ 172,000 | $ 172,000 | $ 95,000 |
| Essex, Virginia | 1 | $ 139,000 | $ 139,000 | $ 70,000 |
| Falls Church, Virginia | 1 | $ 405,000 | $ 405,000 | $ 162,000 |
| Fauquier, Virginia | 1 | $ 223,000 | $ 223,000 | $ 95,000 |
| Fluvanna, Virginia | 1 | $ 168,000 | $ 168,000 | $ 34,000 |
| Henrico, Virginia | 1 | $ 288,000 | $ 288,000 | $ 71,000 |
| Loudoun, Virginia | 1 | $ 570,000 | $ 570,000 | $ 131,000 |
| Madison, Virginia | 1 | $ 417,000 | $ 417,000 | $ 169,000 |
| Manassas, Virginia | 1 | $ 138,000 | $ 138,000 | $ 64,000 |
| Norfolk, Virginia | 1 | $ 219,000 | $ 219,000 | $ 58,000 |
| Portsmouth, Virginia | 1 | $ 178,000 | $ 178,000 | $ 66,000 |
| Richmond City, Virginia | 1 | $ 135,000 | $ 135,000 | $ 44,000 |
| Roanoke City, Virginia | 1 | $ 79,000 | $ 79,000 | $ 95,000 |
| Staunton, Virginia | 1 | $ 239,000 | $ 239,000 | $ 81,000 |
| Washington, Virginia | 1 | $ 104,000 | $ 104,000 | $ 0 |
Mortgage Loan Application Detail Totals for Mpoint Mortgage Services in 2008
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 | 570 | $163,834,000 | $287,000 | $829,000 | $97,000 | $539,000 |
| Refinancing | 276 | $71,176,000 | $257,000 | $825,000 | $86,000 | $360,000 |
| 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 | 382 | $100,628,000 | $263,000 | $829,000 | $94,000 | $482,000 |
| Black or African American | 351 | $99,634,000 | $283,000 | $741,000 | $88,000 | $312,000 |
| Hispanic | 39 | $10,796,000 | $276,000 | $825,000 | $88,000 | $400,000 |
| Not Provided | 36 | $11,052,000 | $307,000 | $570,000 | $86,000 | $183,000 |
| Asian | 33 | $11,213,000 | $339,000 | $682,000 | $147,000 | $539,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $799,000 | $266,000 | $413,000 | $178,000 | $322,000 |
| American Indian or Alaskan Native | 2 | $888,000 | $444,000 | $750,000 | $159,000 | $282,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 507 | $138,501,000 | $273,000 | $741,000 | $83,000 | $389,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 277 | $77,291,000 | $279,000 | $829,000 | $113,000 | $539,000 |
| VA-guaranteed (Veterans Administration) | 59 | $18,744,000 | $317,000 | $496,000 | $93,000 | $214,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $474,000 | $158,000 | $183,000 | $40,000 | $50,000 |
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 | 599 | $160,867,000 | $268,000 | $829,000 | $92,000 | $539,000 |
| Application Withdrawn By Applicant | 111 | $34,487,000 | $310,000 | $825,000 | $102,000 | $312,000 |
| Application Denied By Financial Institution | 70 | $22,220,000 | $317,000 | $727,000 | $99,000 | $322,000 |
| File Closed For Incompleteness | 41 | $10,590,000 | $258,000 | $600,000 | $83,000 | $344,000 |
| Application Approved But Not Accepted | 25 | $6,846,000 | $273,000 | $546,000 | $95,000 | $175,000 |
| 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 | 26 | $7,599,000 | $292,000 | $666,000 | $80,000 | $163,000 |
| Credit History | 17 | $5,199,000 | $305,000 | $568,000 | $101,000 | $202,000 |
| Unverifiable Information | 11 | $3,990,000 | $362,000 | $546,000 | $132,000 | $322,000 |
| Collateral | 8 | $2,535,000 | $316,000 | $570,000 | $110,000 | $269,000 |
| Employment History | 3 | $968,000 | $322,000 | $395,000 | $71,000 | $95,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $727,000 | $727,000 | $727,000 | $225,000 | $225,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mpoint Mortgage Services's 2008 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 Mpoint Mortgage Services'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 Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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