Mth Lending Group LP Mortgage Lending & HMDA Data, 2007

In 2007, Mth Lending Group LP of Salt Lake City, UT reported 532 mortgage applications totaling $102.8 million, down 24% from 2006. The average application was for $193,171, and applicants reported an average income of $102,321. 94% of its applications resulted in an originated loan and 0% were denied. Its largest market was Houston-Sugar Land-Baytown, TX (529).

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 532
Total Mortgage Loan Application Amount $102,767,000
Average Mortgage Loan Application Amount $193,171
Highest Mortgage Loan Application Amount $344,000
Average Applicant Income $102,321
Highest Applicant Income $360,000

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Act (HMDA) records Mth Lending Group LP filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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
Home Purchase 529 $102,289,000 $193,000 $344,000 $102,000 $360,000
Refinancing 3 $478,000 $159,000 $212,000 $159,000 $180,000
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 203 $38,350,000 $188,000 $340,000 $110,000 $249,000
Asian 98 $18,040,000 $184,000 $323,000 $92,000 $186,000
Hispanic 85 $16,628,000 $195,000 $328,000 $94,000 $260,000
Not Provided 67 $13,251,000 $197,000 $344,000 $110,000 $301,000
Black or African American 57 $11,716,000 $205,000 $333,000 $90,000 $360,000
Native Hawaiian or Other Pacific Islander 12 $2,746,000 $228,000 $313,000 $120,000 $309,000
American Indian or Alaskan Native 10 $2,036,000 $203,000 $268,000 $95,000 $120,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 511 $98,848,000 $193,000 $344,000 $103,000 $360,000
VA-guaranteed (Veterans Administration) 12 $2,523,000 $210,000 $328,000 $91,000 $150,000
FHA-insured (Federal Housing Administration) 9 $1,396,000 $155,000 $195,000 $64,000 $95,000
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 502 $97,082,000 $193,000 $344,000 $102,000 $360,000
Application Approved But Not Accepted 26 $4,762,000 $183,000 $322,000 $104,000 $202,000
Preapproval Approved but not Accepted 3 $670,000 $223,000 $300,000 $124,000 $144,000
Application Denied By Financial Institution 1 $253,000 $253,000 $253,000 $75,000 $75,000
Application Withdrawn By Applicant 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
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
Employment History 1 $253,000 $253,000 $253,000 $75,000 $75,000
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
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

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