Mth Lending Group LP Mortgage Lending & HMDA Data, 2008

In 2008, Mth Lending Group LP of Salt Lake City, UT reported 479 mortgage applications totaling $94.2 million, down 10% from 2007. The average application was for $196,603, and applicants reported an average income of $99,283. 26% of its applications resulted in an originated loan and 0% were denied. Its largest market was Houston-Sugar Land-Baytown, TX (479).

Mortgage Company & Address Mth Lending Group LP
4750 West, Wiley Post Way Suite 200
Salt Lake City, UT 84116
Tel #: available with data download
Federal Regulator * available with data download
Years 2008  2007  2006  
Total Number of Mortgage Applications 479
Total Mortgage Loan Application Amount $94,173,000
Average Mortgage Loan Application Amount $196,603
Highest Mortgage Loan Application Amount $399,000
Average Applicant Income $99,283
Highest Applicant Income $274,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mth Lending Group LP filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mth Lending Group LP 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 477 $93,689,000 $196,000 $399,000 $99,000 $271,000
Refinancing 2 $484,000 $242,000 $304,000 $167,000 $274,000
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 181 $35,630,000 $196,000 $399,000 $107,000 $274,000
Asian 84 $16,699,000 $198,000 $343,000 $100,000 $225,000
Hispanic 79 $14,358,000 $181,000 $385,000 $81,000 $156,000
Not Provided 69 $13,748,000 $199,000 $299,000 $99,000 $195,000
Black or African American 64 $13,252,000 $207,000 $284,000 $97,000 $208,000
Native Hawaiian or Other Pacific Islander 2 $486,000 $243,000 $251,000 $84,000 $88,000
Not applicable 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 317 $61,432,000 $193,000 $399,000 $104,000 $274,000
FHA-insured (Federal Housing Administration) 138 $27,150,000 $196,000 $280,000 $89,000 $193,000
VA-guaranteed (Veterans Administration) 24 $5,591,000 $232,000 $317,000 $96,000 $152,000
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 Purchased By The Institution 240 $47,947,000 $199,000 $385,000 $100,000 $274,000
Loan Originated 126 $26,132,000 $207,000 $399,000 $100,000 $225,000
Application Withdrawn By Applicant 112 $19,850,000 $177,000 $317,000 $97,000 $271,000
Application Approved But Not Accepted 1 $244,000 $244,000 $244,000 $112,000 $112,000
Application Denied By Financial Institution 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Mth Lending Group LP'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 Mth Lending Group LP'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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