Ne Moves Mortgage, LLC Mortgage Lending & HMDA Data, 2015

In 2015, Ne Moves Mortgage, LLC of Waltham, MA reported 3,092 mortgage applications totaling $844.9 million, up 9% from 2014. The average application was for $273,258, and applicants reported an average income of $111,519. 72% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Cambridge-Newton-Framingham, MA (688), Boston, MA (576) and Hartford-West Hartford-East Hartford, CT (445) (applications in parentheses).

Mortgage Company & Address Ne Moves Mortgage, LLC
52 Second Avenue, 3rd Floor
Waltham, MA 02451
Tel #: available with data download
Federal Regulator * available with data download
Years 2015  2014  2013  2012  
Total Number of Mortgage Applications 3,092
Total Mortgage Loan Application Amount $844,914,000
Average Mortgage Loan Application Amount $273,258
Highest Mortgage Loan Application Amount $2,080,000
Average Applicant Income $111,519
Highest Applicant Income $1,461,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ne Moves Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Ne Moves Mortgage, LLC in 2015

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 2,577 $684,128,000 $265,000 $2,080,000 $109,000 $1,223,000
Refinancing 493 $154,309,000 $313,000 $1,313,000 $124,000 $1,461,000
Home Improvement 22 $6,477,000 $294,000 $1,100,000 $127,000 $437,000

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 2,507 $687,772,000 $274,000 $2,080,000 $113,000 $1,461,000
Not Provided 151 $46,728,000 $309,000 $1,144,000 $126,000 $949,000
Hispanic 149 $32,199,000 $216,000 $500,000 $84,000 $395,000
Asian 143 $44,409,000 $310,000 $852,000 $118,000 $485,000
Black or African American 131 $30,969,000 $236,000 $925,000 $80,000 $423,000
American Indian or Alaskan Native 7 $1,431,000 $204,000 $300,000 $100,000 $167,000
Native Hawaiian or Other Pacific Islander 4 $1,406,000 $351,000 $528,000 $161,000 $230,000
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) 2,373 $661,714,000 $278,000 $2,080,000 $120,000 $1,461,000
FHA-insured (Federal Housing Administration) 537 $131,821,000 $245,000 $596,000 $79,000 $357,000
VA-guaranteed (Veterans Administration) 173 $49,681,000 $287,000 $925,000 $91,000 $423,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 9 $1,698,000 $188,000 $262,000 $70,000 $97,000

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 2,239 $607,107,000 $271,000 $1,575,000 $108,000 $845,000
Application Withdrawn By Applicant 482 $140,153,000 $290,000 $1,400,000 $121,000 $1,223,000
Application Denied By Financial Institution 207 $48,810,000 $235,000 $2,080,000 $101,000 $1,378,000
Application Approved But Not Accepted 124 $36,322,000 $292,000 $1,166,000 $118,000 $450,000
File Closed For Incompleteness 40 $12,522,000 $313,000 $1,313,000 $194,000 $1,461,000
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 71 $17,118,000 $241,000 $948,000 $108,000 $360,000
Debt-To-Income Ratio 62 $15,345,000 $247,000 $2,080,000 $82,000 $599,000
Credit History 27 $5,845,000 $216,000 $519,000 $98,000 $367,000
Other 23 $4,420,000 $192,000 $584,000 $92,000 $225,000
Employment History 10 $1,777,000 $177,000 $325,000 $76,000 $153,000
Unverifiable Information 7 $3,024,000 $432,000 $1,125,000 $283,000 $1,378,000
Insufficient Cash (Downpayment, Closing Cost) 6 $961,000 $160,000 $272,000 $96,000 $199,000
Credit Application Incomplete 1 $320,000 $320,000 $320,000 $99,000 $99,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Ne Moves Mortgage, LLC's 2015 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 Ne Moves Mortgage, LLC'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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