Parda Mortgage Lending & HMDA Data, 2019
In 2019, Parda of Auburn Hills, MI reported 93 mortgage applications totaling $8.9 million, up 18% from 2018. The average application was for $95,752, and applicants reported an average income of $93,860. 59% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Grand Rapids-Wyoming, MI (19), Warren-Troy-Farmington Hills, MI (15) and Ann Arbor, MI (6) (applications in parentheses).
| Mortgage Company & Address | Parda 2601 Cambridge Ct, Ste 210 Auburn Hills, MI 48326 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 93 |
| Total Mortgage Loan Application Amount | $8,905,000 |
| Average Mortgage Loan Application Amount | $95,752 |
| Highest Mortgage Loan Application Amount | $425,000 |
| Average Applicant Income | $93,860 |
| Highest Applicant Income | $441,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Parda filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Ottawa, Michigan | 19 | $ 1,445,000 | $ 76,052 | $ 79,000 |
| Allegan, Michigan | 12 | $ 770,000 | $ 64,166 | $ 69,000 |
| Greenwood, South Carolina | 10 | $ 460,000 | $ 46,000 | $ 59,000 |
| Washtenaw, Michigan | 6 | $ 770,000 | $ 128,333 | $ 80,000 |
| Macomb, Michigan | 5 | $ 255,000 | $ 51,000 | $ 87,000 |
| Oakland, Michigan | 5 | $ 1,055,000 | $ 211,000 | $ 141,000 |
| Wayne, Michigan | 5 | $ 155,000 | $ 31,000 | $ 37,000 |
| Livingston, Michigan | 4 | $ 570,000 | $ 142,500 | $ 119,000 |
| New Haven, Connecticut | 3 | $ 135,000 | $ 45,000 | $ 94,000 |
| Lancaster, Pennsylvania | 3 | $ 555,000 | $ 185,000 | $ 135,000 |
| Winnebago, Illinois | 2 | $ 120,000 | $ 60,000 | $ 56,000 |
| Morris, New Jersey | 2 | $ 130,000 | $ 65,000 | $ 287,000 |
| Bucks, Pennsylvania | 2 | $ 310,000 | $ 155,000 | $ 139,000 |
| San Diego, California | 1 | $ 155,000 | $ 155,000 | $ 202,000 |
| Collier, Florida | 1 | $ 25,000 | $ 25,000 | $ 40,000 |
| Palm Beach, Florida | 1 | $ 425,000 | $ 425,000 | $ 220,000 |
| Lake, Illinois | 1 | $ 35,000 | $ 35,000 | $ 207,000 |
| Arenac, Michigan | 1 | $ 235,000 | $ 235,000 | $ 250,000 |
| Branch, Michigan | 1 | $ 215,000 | $ 215,000 | $ 132,000 |
| Charlevoix, Michigan | 1 | $ 75,000 | $ 75,000 | $ 45,000 |
| Hillsdale, Michigan | 1 | $ 115,000 | $ 115,000 | $ 55,000 |
| Jackson, Michigan | 1 | $ 185,000 | $ 185,000 | $ 111,000 |
| Lapeer, Michigan | 1 | $ 35,000 | $ 35,000 | $ 40,000 |
| Bergen, New Jersey | 1 | $ 115,000 | $ 115,000 | $ 195,000 |
| Somerset, New Jersey | 1 | $ 105,000 | $ 105,000 | $ 74,000 |
| Suffolk, New York | 1 | $ 35,000 | $ 35,000 | $ 140,000 |
| Montgomery, Pennsylvania | 1 | $ 375,000 | $ 375,000 | $ 104,000 |
| York, Pennsylvania | 1 | $ 45,000 | $ 45,000 | $ 102,000 |
Mortgage Loan Application Detail Totals for Parda in 2019
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 Improvement | 26 | $1,210,000 | $46,000 | $155,000 | $105,000 | $441,000 |
| Refinancing | 22 | $1,980,000 | $90,000 | $345,000 | $83,000 | $207,000 |
| Other Purpose | 19 | $875,000 | $46,000 | $185,000 | $75,000 | $200,000 |
| Cash-out Refinancing | 14 | $2,410,000 | $172,000 | $295,000 | $102,000 | $180,000 |
| Home Purchase | 12 | $2,430,000 | $202,000 | $425,000 | $110,000 | $250,000 |
| Not Applicable | 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 | 74 | $7,340,000 | $99,000 | $425,000 | $100,000 | $441,000 |
| Not Provided | 7 | $865,000 | $123,000 | $295,000 | $109,000 | $207,000 |
| Black or African American | 7 | $565,000 | $80,000 | $375,000 | $44,000 | $104,000 |
| Hispanic | 5 | $135,000 | $27,000 | $45,000 | $48,000 | $70,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 93 | $8,905,000 | $95,000 | $425,000 | $94,000 | $441,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 55 | $3,895,000 | $70,000 | $285,000 | $99,000 | $441,000 |
| Loan Purchased By The Institution | 21 | $4,425,000 | $210,000 | $425,000 | $117,000 | $250,000 |
| Application Denied By Financial Institution | 12 | $490,000 | $40,000 | $105,000 | $44,000 | $134,000 |
| Application Approved But Not Accepted | 3 | $45,000 | $15,000 | $15,000 | $78,000 | $120,000 |
| File Closed For Incompleteness | 2 | $50,000 | $25,000 | $25,000 | $52,000 | $70,000 |
| Application Withdrawn By Applicant | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 93 | $8,905,000 | $95,000 | $425,000 | $94,000 | $441,000 |
| 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 |
| Not applicable | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Parda's 2019 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 Parda'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 Michigan, download the full spreadsheet
with aggregated HMDA statistics today.
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