New State Mortgage Company Mortgage Lending & HMDA Data, 2007
In 2007, New State Mortgage Company of Merrillvile, IN reported 913 mortgage applications totaling $131.4 million, down 74% from 2006. The average application was for $143,883, and applicants reported an average income of $58,739. 20% of its applications resulted in an originated loan and 45% were denied. Its largest markets were Gary, IN (99), Indianapolis-Carmel, IN (92) and Atlanta-Sandy Springs-Marietta, GA (89) (applications in parentheses).
| Mortgage Company & Address | New State Mortgage Company 8401 Virginia Street Merrillvile, IN 46410 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 913 |
| Total Mortgage Loan Application Amount | $131,366,000 |
| Average Mortgage Loan Application Amount | $143,883 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $58,739 |
| Highest Applicant Income | $1,026,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records New State Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Gary, IN | 99 | $ 12,873,000 | $ 130,030 | $ 66,000 |
| Indianapolis-Carmel, IN | 92 | $ 13,743,000 | $ 149,380 | $ 61,000 |
| Atlanta-Sandy Springs-Marietta, GA | 89 | $ 15,239,000 | $ 171,224 | $ 61,000 |
| Chicago-Naperville-Joliet, IL | 36 | $ 8,096,000 | $ 224,888 | $ 78,000 |
| Fort Wayne, IN | 27 | $ 3,109,000 | $ 115,148 | $ 56,000 |
| Evansville, IN-KY | 20 | $ 2,398,000 | $ 119,900 | $ 57,000 |
| Anderson, IN | 19 | $ 1,627,000 | $ 85,631 | $ 39,000 |
| Terre Haute, IN | 18 | $ 2,194,000 | $ 121,888 | $ 48,000 |
| Muncie, IN | 16 | $ 1,808,000 | $ 113,000 | $ 51,000 |
| Louisville-Jefferson County, KY-IN | 15 | $ 2,029,000 | $ 135,266 | $ 49,333 |
| Warren-Troy-Farmington Hills, MI | 15 | $ 2,214,000 | $ 147,600 | $ 48,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 14 | $ 2,421,000 | $ 172,928 | $ 64,000 |
| Kokomo, IN | 12 | $ 1,294,000 | $ 107,833 | $ 49,000 |
| Detroit-Livonia-Dearborn, MI | 11 | $ 1,822,000 | $ 165,636 | $ 47,000 |
| Lexington-Fayette, KY | 10 | $ 1,252,000 | $ 125,200 | $ 63,000 |
| Akron, OH | 8 | $ 1,023,000 | $ 127,875 | $ 47,000 |
| Cincinnati-Middletown, OH-KY-IN | 8 | $ 1,133,000 | $ 141,625 | $ 53,000 |
| Columbus, OH | 8 | $ 1,270,000 | $ 158,750 | $ 61,000 |
| St. Louis, MO-IL | 8 | $ 1,027,000 | $ 128,375 | $ 75,000 |
| Memphis, TN-MS-AR | 7 | $ 1,630,000 | $ 232,857 | $ 77,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 7 | $ 2,306,000 | $ 329,428 | $ 93,000 |
| Bloomington, IN | 6 | $ 817,000 | $ 136,166 | $ 44,000 |
| Cleveland-Elyria-Mentor, OH | 6 | $ 832,000 | $ 138,666 | $ 36,000 |
| Columbus, IN | 6 | $ 701,000 | $ 116,833 | $ 44,000 |
| Milwaukee-Waukesha-West Allis, WI | 6 | $ 1,130,000 | $ 188,333 | $ 56,000 |
| Dayton, OH | 5 | $ 734,000 | $ 146,800 | $ 60,000 |
| Huntington-Ashland, WV-KY-OH | 5 | $ 481,000 | $ 96,200 | $ 47,000 |
| South Bend-Mishawaka, IN-MI | 5 | $ 525,000 | $ 105,000 | $ 36,000 |
| Augusta-Richmond County, GA-SC | 4 | $ 347,000 | $ 86,750 | $ 38,000 |
| Clarksville, TN-KY | 4 | $ 666,000 | $ 166,500 | $ 75,000 |
| Cleveland, TN | 4 | $ 466,000 | $ 116,500 | $ 55,000 |
| Flint, MI | 4 | $ 922,000 | $ 230,500 | $ 63,000 |
| Jackson, TN | 4 | $ 658,000 | $ 164,500 | $ 70,000 |
| Michigan City-La Porte, IN | 4 | $ 587,000 | $ 146,750 | $ 54,000 |
| Peoria, IL | 4 | $ 651,000 | $ 162,750 | $ 105,000 |
| Cedar Rapids, IA | 3 | $ 487,000 | $ 162,333 | $ 71,000 |
| Colorado Springs, CO | 3 | $ 512,000 | $ 170,666 | $ 43,000 |
| Elizabethtown, KY | 3 | $ 337,000 | $ 112,333 | $ 48,000 |
| Elkhart-Goshen, IN | 3 | $ 358,000 | $ 119,333 | $ 32,000 |
| Green Bay, WI | 3 | $ 571,000 | $ 190,333 | $ 58,000 |
| Knoxville, TN | 3 | $ 298,000 | $ 99,333 | $ 45,000 |
| Lafayette, IN | 3 | $ 319,000 | $ 106,333 | $ 64,000 |
| Lansing-East Lansing, MI | 3 | $ 404,000 | $ 134,666 | $ 51,000 |
| Madison, WI | 3 | $ 587,000 | $ 195,666 | $ 95,000 |
| Rockford, IL | 3 | $ 441,000 | $ 147,000 | $ 71,000 |
| Rome, GA | 3 | $ 344,000 | $ 114,666 | $ 36,000 |
| Toledo, OH | 3 | $ 307,000 | $ 102,333 | $ 58,000 |
| Youngstown-Warren-Boardman, OH-PA | 3 | $ 344,000 | $ 114,666 | $ 38,000 |
| Athens-Clarke County, GA | 2 | $ 355,000 | $ 177,500 | $ 47,000 |
| Bloomington-Normal, IL | 2 | $ 237,000 | $ 118,500 | $ 47,000 |
| Bowling Green, KY | 2 | $ 333,000 | $ 166,500 | $ 48,000 |
| Canton-Massillon, OH | 2 | $ 297,000 | $ 148,500 | $ 71,000 |
| Columbus, GA-AL | 2 | $ 326,000 | $ 163,000 | $ 52,000 |
| Des Moines-West Des Moines, IA | 2 | $ 248,000 | $ 124,000 | $ 31,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 316,000 | $ 158,000 | $ 33,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 255,000 | $ 127,500 | $ 39,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 377,000 | $ 188,500 | $ 70,000 |
| Jackson, MI | 2 | $ 290,000 | $ 145,000 | $ 56,000 |
| Kingsport-Bristol-Bristol, TN-VA | 2 | $ 332,000 | $ 166,000 | $ 46,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 455,000 | $ 227,500 | $ 268,500 |
| Lakeland, FL | 2 | $ 327,000 | $ 163,500 | $ 50,000 |
| Ocala, FL | 2 | $ 352,000 | $ 176,000 | $ 57,000 |
| Sandusky, OH | 2 | $ 238,000 | $ 119,000 | $ 76,000 |
| Tallahassee, FL | 2 | $ 1,295,000 | $ 647,500 | $ 217,000 |
| Albany, GA | 1 | $ 170,000 | $ 170,000 | $ 120,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 235,000 | $ 235,000 | $ 82,000 |
| Champaign-Urbana, IL | 1 | $ 100,000 | $ 100,000 | $ 70,000 |
| Chattanooga, TN-GA | 1 | $ 264,000 | $ 264,000 | $ 149,000 |
| Danville, IL | 1 | $ 94,000 | $ 94,000 | $ 58,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 128,000 | $ 128,000 | $ 12,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 263,000 | $ 263,000 | $ 105,000 |
| Denver-Aurora, CO | 1 | $ 170,000 | $ 170,000 | $ 43,000 |
| Duluth, MN-WI | 1 | $ 170,000 | $ 170,000 | $ 59,000 |
| Greeley, CO | 1 | $ 204,000 | $ 204,000 | $ 61,000 |
| Iowa City, IA | 1 | $ 155,000 | $ 155,000 | $ 49,000 |
| Johnson City, TN | 1 | $ 120,000 | $ 120,000 | $ 43,000 |
| Kankakee-Bradley, IL | 1 | $ 205,000 | $ 205,000 | $ 70,000 |
| Lima, OH | 1 | $ 80,000 | $ 80,000 | $ 27,000 |
| Macon, GA | 1 | $ 225,000 | $ 225,000 | $ 99,000 |
| Mansfield, OH | 1 | $ 73,000 | $ 73,000 | $ 24,000 |
| Morristown, TN | 1 | $ 119,000 | $ 119,000 | $ 46,000 |
| Muskegon-Norton Shores, MI | 1 | $ 117,000 | $ 117,000 | $ 58,000 |
| Orlando-Kissimmee, FL | 1 | $ 460,000 | $ 460,000 | $ 128,000 |
| Oshkosh-Neenah, WI | 1 | $ 360,000 | $ 360,000 | $ 128,000 |
| Racine, WI | 1 | $ 84,000 | $ 84,000 | $ 12,000 |
| Rockingham County-Strafford County, NH | 1 | $ 227,000 | $ 227,000 | $ 78,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 243,000 | $ 243,000 | $ 81,000 |
| Savannah, GA | 1 | $ 121,000 | $ 121,000 | $ 83,000 |
| Sheboygan, WI | 1 | $ 134,000 | $ 134,000 | $ 42,000 |
| Springfield, OH | 1 | $ 159,000 | $ 159,000 | $ 78,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 201,000 | $ 201,000 | $ 96,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 180,000 | $ 180,000 | $ 12,000 |
| Wausau, WI | 1 | $ 119,000 | $ 119,000 | $ 49,000 |
Mortgage Loan Application Detail Totals for New State Mortgage Company 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 |
|---|---|---|---|---|---|---|
| Refinancing | 685 | $99,447,000 | $145,000 | $1,000,000 | $57,000 | $525,000 |
| Home Purchase | 227 | $31,794,000 | $140,000 | $629,000 | $64,000 | $1,026,000 |
| Home Improvement | 1 | $125,000 | $125,000 | $125,000 | $56,000 | $56,000 |
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 | 736 | $103,256,000 | $140,000 | $1,000,000 | $60,000 | $1,026,000 |
| Black or African American | 107 | $17,292,000 | $161,000 | $484,000 | $49,000 | $129,000 |
| Hispanic | 30 | $4,647,000 | $154,000 | $460,000 | $57,000 | $128,000 |
| Not Provided | 28 | $3,936,000 | $140,000 | $247,000 | $55,000 | $160,000 |
| Asian | 11 | $2,137,000 | $194,000 | $299,000 | $99,000 | $274,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $98,000 | $98,000 | $98,000 | $41,000 | $41,000 |
| 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) | 913 | $131,366,000 | $143,000 | $1,000,000 | $59,000 | $1,026,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 413 | $59,929,000 | $145,000 | $1,000,000 | $56,000 | $1,026,000 |
| Application Approved But Not Accepted | 306 | $44,381,000 | $145,000 | $480,000 | $60,000 | $164,000 |
| Loan Originated | 185 | $25,540,000 | $138,000 | $345,000 | $64,000 | $274,000 |
| Application Withdrawn By Applicant | 9 | $1,516,000 | $168,000 | $272,000 | $68,000 | $120,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 190 | $28,555,000 | $150,000 | $629,000 | $50,000 | $525,000 |
| Credit History | 157 | $21,388,000 | $136,000 | $1,000,000 | $60,000 | $1,026,000 |
| Debt-To-Income Ratio | 22 | $3,122,000 | $141,000 | $325,000 | $60,000 | $161,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 20 | $3,104,000 | $155,000 | $774,000 | $51,000 | $192,000 |
| Collateral | 17 | $2,444,000 | $143,000 | $266,000 | $81,000 | $231,000 |
| Unverifiable Information | 2 | $475,000 | $237,000 | $250,000 | $34,000 | $57,000 |
| Employment History | 1 | $55,000 | $55,000 | $55,000 | $22,000 | $22,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into New State Mortgage Company'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 New State Mortgage Company'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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