Nations Home Mortgage Mortgage Lending & HMDA Data, 2008

In 2008, Nations Home Mortgage of Cherry Hill, NJ reported 1,424 mortgage applications totaling $244.4 million, up 36% from 2007. The average application was for $171,597, and applicants reported an average income of $64,080. 71% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Philadelphia, PA (76), Camden, NJ (53) and Atlanta-Sandy Springs-Marietta, GA (43) (applications in parentheses).

Mortgage Company & Address Nations Home Mortgage
51 Haddonfield Road Suite 210
Cherry Hill, NJ 08002
Tel #: available with data download
Federal Regulator * available with data download
Years 2008  2007  
Total Number of Mortgage Applications 1,424
Total Mortgage Loan Application Amount $244,355,000
Average Mortgage Loan Application Amount $171,597
Highest Mortgage Loan Application Amount $675,000
Average Applicant Income $64,080
Highest Applicant Income $858,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Nations Home Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Nations Home Mortgage by Metropolitan Area in 2008

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Philadelphia, PA 76 $ 13,708,000 $ 180,368 $ 65,000
Camden, NJ 53 $ 9,983,000 $ 188,358 $ 71,000
Atlanta-Sandy Springs-Marietta, GA 43 $ 7,308,000 $ 169,953 $ 65,000
Virginia Beach-Norfolk-Newport News, VA-NC 31 $ 5,052,000 $ 162,967 $ 52,000
Baltimore-Towson, MD 26 $ 5,284,000 $ 203,230 $ 58,000
Chicago-Naperville-Joliet, IL 24 $ 4,621,000 $ 192,541 $ 66,000
Edison-New Brunswick, NJ 23 $ 4,881,000 $ 212,217 $ 82,000
Wilmington, DE-MD-NJ 22 $ 4,400,000 $ 200,000 $ 65,318
Washington-Arlington-Alexandria, DC-VA-MD-WV 20 $ 5,011,000 $ 250,550 $ 92,100
Newark-Union, NJ-PA 19 $ 4,029,000 $ 212,052 $ 77,421
Birmingham-Hoover, AL 18 $ 2,324,000 $ 129,111 $ 41,000
New York-White Plains-Wayne, NY-NJ 18 $ 5,027,000 $ 279,277 $ 88,000
Richmond, VA 18 $ 3,118,000 $ 173,222 $ 57,000
Allentown-Bethlehem-Easton, PA-NJ 17 $ 3,002,000 $ 176,588 $ 60,000
Jacksonville, FL 16 $ 2,004,000 $ 125,250 $ 45,000
Hartford-West Hartford-East Hartford, CT 14 $ 2,785,000 $ 198,928 $ 65,000
Los Angeles-Long Beach-Glendale, CA 14 $ 4,540,000 $ 324,285 $ 87,000
Atlantic City-Hammonton, NJ 13 $ 1,722,000 $ 132,461 $ 48,000
Orlando-Kissimmee, FL 13 $ 2,287,000 $ 175,923 $ 58,000
Tampa-St. Petersburg-Clearwater, FL 13 $ 1,856,000 $ 142,769 $ 58,000
Miami-Miami Beach-Kendall, FL 12 $ 2,507,000 $ 208,916 $ 64,000
Cleveland-Elyria-Mentor, OH 10 $ 1,488,000 $ 148,800 $ 58,000
Columbia, SC 10 $ 1,608,000 $ 160,800 $ 66,000
Greenville-Mauldin-Easley, SC 10 $ 1,234,000 $ 123,400 $ 58,000
Charleston-North Charleston-Summerville, SC 9 $ 1,471,000 $ 163,444 $ 53,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 9 $ 1,219,000 $ 135,444 $ 54,000
Riverside-San Bernardino-Ontario, CA 9 $ 2,272,000 $ 252,444 $ 89,000
York-Hanover, PA 9 $ 1,686,000 $ 187,333 $ 66,000
Cambridge-Newton-Framingham, MA 8 $ 1,679,000 $ 209,875 $ 79,000
Lakeland-Winter Haven, FL 8 $ 1,160,000 $ 145,000 $ 52,000
Trenton-Ewing, NJ 8 $ 1,917,000 $ 239,625 $ 153,000
Huntsville, AL 7 $ 842,000 $ 120,285 $ 51,000
Nashville-Davidson--Murfreesboro--Franklin, TN 7 $ 1,254,000 $ 179,142 $ 60,000
New Haven-Milford, CT 7 $ 867,000 $ 123,857 $ 57,000
Ocean City, NJ 7 $ 1,322,000 $ 188,857 $ 75,000
Bridgeport-Stamford-Norwalk, CT 6 $ 1,754,000 $ 292,333 $ 74,000
Columbus, GA-AL 6 $ 950,000 $ 158,333 $ 61,000
Deltona-Daytona Beach-Ormond Beach, FL 6 $ 795,000 $ 132,500 $ 65,000
Florence, SC 6 $ 630,000 $ 105,000 $ 70,000
Mobile, AL 6 $ 729,000 $ 121,500 $ 54,000
Montgomery, AL 6 $ 740,000 $ 123,333 $ 61,000
Ocala, FL 6 $ 976,000 $ 162,666 $ 68,000
Pittsburgh, PA 6 $ 830,000 $ 138,333 $ 49,000
Utica-Rome, NY 6 $ 651,000 $ 108,500 $ 51,000
West Palm Beach-Boca Raton-Boynton Beach, FL 6 $ 920,000 $ 153,333 $ 53,000
Augusta-Richmond County, GA-SC 5 $ 554,000 $ 110,800 $ 46,600
Boston-Quincy, MA 5 $ 1,379,000 $ 275,800 $ 59,000
Cincinnati-Middletown, OH-KY-IN 5 $ 986,000 $ 197,200 $ 74,000
Gary, IN 5 $ 573,000 $ 114,600 $ 58,000
Indianapolis-Carmel, IN 5 $ 735,000 $ 147,000 $ 61,000
Memphis, TN-MS-AR 5 $ 675,000 $ 135,000 $ 70,000
Roanoke, VA 5 $ 611,000 $ 122,200 $ 61,000
St. Louis, MO-IL 5 $ 778,000 $ 155,600 $ 94,800
Columbus, OH 4 $ 419,000 $ 104,750 $ 53,000
Detroit-Livonia-Dearborn, MI 4 $ 589,000 $ 147,250 $ 70,000
Dover, DE 4 $ 833,000 $ 208,250 $ 63,000
Harrisburg-Carlisle, PA 4 $ 506,000 $ 126,500 $ 41,000
Lancaster, PA 4 $ 674,000 $ 168,500 $ 51,000
Manchester-Nashua, NH 4 $ 628,000 $ 157,000 $ 62,000
Port St. Lucie, FL 4 $ 561,000 $ 140,250 $ 44,000
San Diego-Carlsbad-San Marcos, CA 4 $ 1,022,000 $ 255,500 $ 65,000
Savannah, GA 4 $ 776,000 $ 194,000 $ 61,000
Tallahassee, FL 4 $ 515,000 $ 128,750 $ 45,000
Warren-Troy-Farmington Hills, MI 4 $ 673,000 $ 168,250 $ 95,000
Altoona, PA 3 $ 235,000 $ 78,333 $ 23,000
Bakersfield, CA 3 $ 624,000 $ 208,000 $ 112,000
Bethesda-Frederick-Gaithersburg, MD 3 $ 974,000 $ 324,666 $ 187,000
Knoxville, TN 3 $ 543,000 $ 181,000 $ 95,000
Lynchburg, VA 3 $ 428,000 $ 142,666 $ 39,000
Morristown, TN 3 $ 485,000 $ 161,666 $ 50,000
Nassau-Suffolk, NY 3 $ 1,332,000 $ 444,000 $ 119,000
Palm Bay-Melbourne-Titusville, FL 3 $ 353,000 $ 117,666 $ 42,000
Rochester, NY 3 $ 368,000 $ 122,666 $ 86,000
Sacramento--Arden-Arcade--Roseville, CA 3 $ 709,000 $ 236,333 $ 99,000
Santa Ana-Anaheim-Irvine, CA 3 $ 548,000 $ 182,666 $ 78,000
South Bend-Mishawaka, IN-MI 3 $ 410,000 $ 136,666 $ 55,000
St. Joseph, MO-KS 3 $ 225,000 $ 75,000 $ 20,000
Vineland-Millville-Bridgeton, NJ 3 $ 554,000 $ 184,666 $ 92,000
Albany, GA 2 $ 168,000 $ 84,000 $ 32,000
Canton-Massillon, OH 2 $ 189,000 $ 94,500 $ 33,000
Cape Coral-Fort Myers, FL 2 $ 342,000 $ 171,000 $ 41,000
Clarksville, TN-KY 2 $ 177,000 $ 88,500 $ 35,000
Danville, VA 2 $ 321,000 $ 160,500 $ 46,000
Decatur, AL 2 $ 256,000 $ 128,000 $ 45,000
Denver-Aurora, CO 2 $ 230,000 $ 115,000 $ 51,000
Dothan, AL 2 $ 158,000 $ 79,000 $ 25,000
Evansville, IN-KY 2 $ 230,000 $ 115,000 $ 71,000
Gadsden, AL 2 $ 248,000 $ 124,000 $ 48,000
Gainesville, GA 2 $ 179,000 $ 89,500 $ 43,000
Holland-Grand Haven, MI 2 $ 264,000 $ 132,000 $ 39,000
Kansas City, MO-KS 2 $ 136,000 $ 68,000 $ 39,000
Lake County-Kenosha County, IL-WI 2 $ 247,000 $ 123,500 $ 76,000
Lansing-East Lansing, MI 2 $ 393,000 $ 196,500 $ 57,000
Michigan City-La Porte, IN 2 $ 211,000 $ 105,500 $ 68,000
Myrtle Beach-North Myrtle Beach-Conway, SC 2 $ 307,000 $ 153,500 $ 39,000
Palm Coast, FL 2 $ 352,000 $ 176,000 $ 71,000
Panama City-Lynn Haven, FL 2 $ 408,000 $ 204,000 $ 118,000
Pensacola-Ferry Pass-Brent, FL 2 $ 241,000 $ 120,500 $ 62,000
Providence-New Bedford-Fall River, RI-MA 2 $ 400,000 $ 200,000 $ 42,000
Punta Gorda, FL 2 $ 220,000 $ 110,000 $ 32,000
Rockingham County-Strafford County, NH 2 $ 283,000 $ 141,500 $ 64,000
Salisbury, MD 2 $ 287,000 $ 143,500 $ 35,000
San Jose-Sunnyvale-Santa Clara, CA 2 $ 1,017,000 $ 508,500 $ 141,000
Sebastian-Vero Beach, FL 2 $ 241,000 $ 120,500 $ 72,000
Spartanburg, SC 2 $ 263,000 $ 131,500 $ 82,000
Springfield, MA 2 $ 256,000 $ 128,000 $ 43,000
Springfield, MO 2 $ 316,000 $ 158,000 $ 86,000
Sumter, SC 2 $ 269,000 $ 134,500 $ 74,000
Toledo, OH 2 $ 318,000 $ 159,000 $ 93,000
Winchester, VA-WV 2 $ 354,000 $ 177,000 $ 49,000
Worcester, MA 2 $ 349,000 $ 174,500 $ 43,000
Youngstown-Warren-Boardman, OH-PA 2 $ 274,000 $ 137,000 $ 60,000
Akron, OH 1 $ 90,000 $ 90,000 $ 62,000
Albany-Schenectady-Troy, NY 1 $ 106,000 $ 106,000 $ 44,000
Anderson, SC 1 $ 233,000 $ 233,000 $ 227,000
Auburn-Opelika, AL 1 $ 275,000 $ 275,000 $ 91,000
Bloomington, IN 1 $ 131,000 $ 131,000 $ 40,000
Boulder, CO 1 $ 146,000 $ 146,000 $ 53,000
Bradenton-Sarasota-Venice, FL 1 $ 277,000 $ 277,000 $ 44,000
Buffalo-Niagara Falls, NY 1 $ 69,000 $ 69,000 $ 28,000
Chattanooga, TN-GA 1 $ 95,000 $ 95,000 $ 35,000
Chico, CA 1 $ 68,000 $ 68,000 $ 61,000
Cumberland, MD-WV 1 $ 85,000 $ 85,000 $ 30,000
Dalton, GA 1 $ 107,000 $ 107,000 $ 35,000
Danville, IL 1 $ 78,000 $ 78,000 $ 23,000
Dayton, OH 1 $ 193,000 $ 193,000 $ 47,000
Erie, PA 1 $ 146,000 $ 146,000 $ 57,000
Flint, MI 1 $ 157,000 $ 157,000 $ 60,000
Florence-Muscle Shoals, AL 1 $ 109,000 $ 109,000 $ 43,000
Fort Walton Beach-Crestview-Destin, FL 1 $ 193,000 $ 193,000 $ 52,000
Fresno, CA 1 $ 102,000 $ 102,000 $ 29,000
Grand Rapids-Wyoming, MI 1 $ 124,000 $ 124,000 $ 34,000
Greeley, CO 1 $ 103,000 $ 103,000 $ 50,000
Hagerstown-Martinsburg, MD-WV 1 $ 221,000 $ 221,000 $ 109,000
Hinesville-Fort Stewart, GA 1 $ 220,000 $ 220,000 $ 64,000
Ithaca, NY 1 $ 158,000 $ 158,000 $ 56,000
Jackson, MI 1 $ 102,000 $ 102,000 $ 38,000
Johnstown, PA 1 $ 121,000 $ 121,000 $ 74,000
Kingsport-Bristol-Bristol, TN-VA 1 $ 113,000 $ 113,000 $ 18,000
Lafayette, IN 1 $ 54,000 $ 54,000 $ 26,000
Macon, GA 1 $ 96,000 $ 96,000 $ 27,000
Modesto, CA 1 $ 77,000 $ 77,000 $ 82,000
Monroe, MI 1 $ 200,000 $ 200,000 $ 72,000
Naples-Marco Island, FL 1 $ 130,000 $ 130,000 $ 58,000
Niles-Benton Harbor, MI 1 $ 120,000 $ 120,000 $ 54,000
Norwich-New London, CT 1 $ 168,000 $ 168,000 $ 82,000
Oakland-Fremont-Hayward, CA 1 $ 296,000 $ 296,000 $ 61,000
Peabody, MA 1 $ 410,000 $ 410,000 $ 69,000
Poughkeepsie-Newburgh-Middletown, NY 1 $ 95,000 $ 95,000 $ 32,000
Reading, PA 1 $ 114,000 $ 114,000 $ 24,000
Rockford, IL 1 $ 134,000 $ 134,000 $ 59,000
Salinas, CA 1 $ 246,000 $ 246,000 $ 94,000
San Francisco-San Mateo-Redwood City, CA 1 $ 360,000 $ 360,000 $ 82,000
Sandusky, OH 1 $ 122,000 $ 122,000 $ 56,000
Scranton--Wilkes-Barre, PA 1 $ 54,000 $ 54,000 $ 20,000
Stockton, CA 1 $ 200,000 $ 200,000 $ 61,000
Syracuse, NY 1 $ 109,000 $ 109,000 $ 27,000
Tuscaloosa, AL 1 $ 116,000 $ 116,000 $ 32,000
Vallejo-Fairfield, CA 1 $ 303,000 $ 303,000 $ 65,000
Visalia-Porterville, CA 1 $ 240,000 $ 240,000 $ 65,000
Warner Robins, GA 1 $ 169,000 $ 169,000 $ 65,000
Wheeling, WV-OH 1 $ 55,000 $ 55,000 $ 39,000
Williamsport, PA 1 $ 67,000 $ 67,000 $ 96,000

Mortgage Loan Application Detail Totals for Nations Home Mortgage 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
Refinancing 1,397 $238,528,000 $170,000 $675,000 $63,000 $858,000
Home Purchase 27 $5,827,000 $215,000 $474,000 $120,000 $641,000
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 1,090 $188,316,000 $172,000 $675,000 $66,000 $858,000
Black or African American 259 $39,404,000 $152,000 $513,000 $56,000 $333,000
Hispanic 58 $12,433,000 $214,000 $655,000 $62,000 $185,000
Asian 12 $3,141,000 $261,000 $365,000 $83,000 $131,000
American Indian or Alaskan Native 3 $641,000 $213,000 $374,000 $87,000 $120,000
Native Hawaiian or Other Pacific Islander 2 $420,000 $210,000 $338,000 $59,000 $87,000
Not applicable 0 $0 $0 $0 $0 $0
Not Provided 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) 940 $151,113,000 $160,000 $348,000 $60,000 $333,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 484 $93,242,000 $192,000 $675,000 $71,000 $858,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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 1,016 $173,381,000 $170,000 $675,000 $63,000 $641,000
Application Withdrawn By Applicant 325 $55,124,000 $169,000 $655,000 $63,000 $333,000
Application Denied By Financial Institution 57 $10,481,000 $183,000 $480,000 $78,000 $858,000
Application Approved But Not Accepted 14 $3,612,000 $258,000 $470,000 $71,000 $95,000
File Closed For Incompleteness 12 $1,757,000 $146,000 $289,000 $63,000 $140,000
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
Collateral 28 $4,996,000 $178,000 $480,000 $76,000 $213,000
Debt-To-Income Ratio 10 $1,891,000 $189,000 $321,000 $45,000 $74,000
Credit History 7 $1,362,000 $194,000 $309,000 $60,000 $154,000
Other 6 $1,011,000 $168,000 $308,000 $190,000 $858,000
Insufficient Cash (Downpayment, Closing Cost) 3 $409,000 $136,000 $158,000 $40,000 $55,000
Employment History 2 $694,000 $347,000 $359,000 $74,000 $85,000
Unverifiable Information 1 $118,000 $118,000 $118,000 $40,000 $40,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Nations Home Mortgage'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 Nations Home Mortgage'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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