Performance Mortgage LLC Mortgage Lending & HMDA Data, 2019
In 2019, Performance Mortgage LLC of Chalmette, LA reported 671 mortgage applications totaling $105.7 million. The average application was for $157,548, and applicants reported an average income of $52,186. 22% of its applications resulted in an originated loan and 28% were denied. Its largest markets were New Orleans-Metairie, LA (130), Louisville/Jefferson County, KY-IN (28) and Baton Rouge, LA (7) (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 | 671 |
| Total Mortgage Loan Application Amount | $105,715,000 |
| Average Mortgage Loan Application Amount | $157,548 |
| Highest Mortgage Loan Application Amount | $1,995,000 |
| Average Applicant Income | $52,186 |
| Highest Applicant Income | $397,000 |
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(HMDA) records Performance Mortgage LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 Purchase | 611 | $94,075,000 | $153,000 | $1,995,000 | $53,000 | $397,000 |
| Refinancing | 33 | $7,215,000 | $218,000 | $395,000 | $25,000 | $122,000 |
| Cash-out Refinancing | 27 | $4,425,000 | $163,000 | $405,000 | $67,000 | $193,000 |
| 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 | 378 | $63,930,000 | $169,000 | $1,995,000 | $55,000 | $397,000 |
| Black or African American | 181 | $26,775,000 | $147,000 | $525,000 | $47,000 | $171,000 |
| Hispanic | 46 | $7,050,000 | $153,000 | $385,000 | $55,000 | $188,000 |
| Not Provided | 42 | $4,510,000 | $107,000 | $305,000 | $35,000 | $240,000 |
| Asian | 18 | $2,850,000 | $158,000 | $375,000 | $64,000 | $314,000 |
| American Indian or Alaskan Native | 4 | $320,000 | $80,000 | $155,000 | $37,000 | $73,000 |
| Not applicable | 2 | $280,000 | $140,000 | $155,000 | $44,000 | $57,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 256 | $36,990,000 | $144,000 | $455,000 | $41,000 | $300,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 209 | $31,435,000 | $150,000 | $1,995,000 | $45,000 | $187,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 148 | $26,810,000 | $181,000 | $655,000 | $78,000 | $397,000 |
| VA-guaranteed (Veterans Administration) | 58 | $10,480,000 | $180,000 | $525,000 | $55,000 | $169,000 |
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 | 316 | $52,330,000 | $165,000 | $655,000 | $55,000 | $397,000 |
| Application Denied By Financial Institution | 191 | $24,145,000 | $126,000 | $1,995,000 | $40,000 | $187,000 |
| Loan Originated | 149 | $27,475,000 | $184,000 | $485,000 | $61,000 | $208,000 |
| Preapproval Denied by Financial Institution | 9 | $1,495,000 | $166,000 | $205,000 | $52,000 | $86,000 |
| File Closed For Incompleteness | 6 | $270,000 | $45,000 | $175,000 | $32,000 | $100,000 |
| Application Approved But Not Accepted | 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 |
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 | 471 | $80,075,000 | $170,000 | $655,000 | $57,000 | $397,000 |
| Credit History | 157 | $19,845,000 | $126,000 | $1,995,000 | $42,000 | $187,000 |
| Debt-To-Income Ratio | 29 | $4,205,000 | $145,000 | $275,000 | $36,000 | $171,000 |
| Unverifiable Information | 13 | $1,345,000 | $103,000 | $235,000 | $35,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $245,000 | $245,000 | $245,000 | $25,000 | $25,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Performance Mortgage LLC'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 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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