Performance Mortgage LLC Mortgage Lending & HMDA Data, 2022
In 2022, Performance Mortgage LLC of Chalmette, LA reported 639 mortgage applications totaling $123.0 million, down 39% from 2021. The average application was for $192,511, and applicants reported an average income of $64,572. 17% of its applications resulted in an originated loan and 27% were denied. Its largest markets were New Orleans-Metairie, LA (134), Baton Rouge, LA (23) and Houma-Thibodaux, LA (4) (applications in parentheses).
| Mortgage Company & Address | Performance Mortgage LLC 1000 E Judge Perez Dr Chalmette, LA 70043 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 |
| Total Number of Mortgage Applications | 639 |
| Total Mortgage Loan Application Amount | $123,015,000 |
| Average Mortgage Loan Application Amount | $192,511 |
| Highest Mortgage Loan Application Amount | $1,205,000 |
| Average Applicant Income | $64,572 |
| Highest Applicant Income | $671,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Performance Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Performance Mortgage LLC in 2022
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 | 573 | $110,325,000 | $192,000 | $1,205,000 | $61,000 | $658,000 |
| Cash-out Refinancing | 37 | $6,455,000 | $174,000 | $705,000 | $89,000 | $273,000 |
| Refinancing | 29 | $6,235,000 | $215,000 | $555,000 | $104,000 | $671,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 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 | 352 | $69,080,000 | $196,000 | $865,000 | $69,000 | $360,000 |
| Black or African American | 193 | $36,625,000 | $189,000 | $1,205,000 | $59,000 | $336,000 |
| Hispanic | 59 | $10,655,000 | $180,000 | $405,000 | $48,000 | $128,000 |
| Not Provided | 17 | $2,765,000 | $162,000 | $355,000 | $79,000 | $658,000 |
| Asian | 10 | $2,080,000 | $208,000 | $445,000 | $117,000 | $671,000 |
| American Indian or Alaskan Native | 5 | $1,035,000 | $207,000 | $295,000 | $53,000 | $80,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $325,000 | $325,000 | $325,000 | $52,000 | $52,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 257 | $48,225,000 | $187,000 | $545,000 | $57,000 | $360,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 249 | $51,935,000 | $208,000 | $1,205,000 | $79,000 | $671,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 108 | $17,910,000 | $165,000 | $355,000 | $50,000 | $180,000 |
| VA-guaranteed (Veterans Administration) | 25 | $4,945,000 | $197,000 | $355,000 | $58,000 | $120,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 358 | $69,250,000 | $193,000 | $1,205,000 | $66,000 | $671,000 |
| Application Denied By Financial Institution | 170 | $28,050,000 | $165,000 | $555,000 | $49,000 | $276,000 |
| Loan Originated | 111 | $25,715,000 | $231,000 | $545,000 | $84,000 | $273,000 |
| 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 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 469 | $94,965,000 | $202,000 | $1,205,000 | $70,000 | $671,000 |
| Credit History | 100 | $14,080,000 | $140,000 | $385,000 | $55,000 | $276,000 |
| Debt-To-Income Ratio | 57 | $11,185,000 | $196,000 | $555,000 | $36,000 | $86,000 |
| Credit Application Incomplete | 8 | $1,370,000 | $171,000 | $305,000 | $57,000 | $132,000 |
| Employment History | 2 | $440,000 | $220,000 | $235,000 | $36,000 | $48,000 |
| Unverifiable Information | 2 | $420,000 | $210,000 | $265,000 | $27,000 | $44,000 |
| Collateral | 1 | $555,000 | $555,000 | $555,000 | $143,000 | $143,000 |
| Other | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Performance Mortgage LLC's 2022 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 Performance 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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