Sallie Mae Home Loans Mortgage Lending & HMDA Data, 2005
In 2005, Sallie Mae Home Loans of Novi, MI reported 7,100 mortgage applications totaling $1.0 billion, up 99% from 2004. The average application was for $142,790, and applicants reported an average income of $72,263. 86% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (1,570), Warren-Farmington Hills-Troy, MI (1,569) and Detroit-Livonia-Dearborn, MI (1,052) (applications in parentheses).
| Mortgage Company & Address | Sallie Mae Home Loans 28175 Cabot Dr Novi, MI 48377 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 7,100 |
| Total Mortgage Loan Application Amount | $1,013,809,000 |
| Average Mortgage Loan Application Amount | $142,790 |
| Highest Mortgage Loan Application Amount | $1,365,000 |
| Average Applicant Income | $72,263 |
| Highest Applicant Income | $2,557,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sallie Mae Home Loans filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Phoenix-Mesa-Scottsdale, AZ | 1,570 | $ 260,898,000 | $ 166,177 | $ 77,000 |
| Warren-Farmington Hills-Troy, MI | 1,569 | $ 223,721,000 | $ 142,588 | $ 72,000 |
| Detroit-Livonia-Dearborn, MI | 1,052 | $ 133,915,000 | $ 127,295 | $ 61,000 |
| Ann Arbor, MI | 517 | $ 73,591,000 | $ 142,342 | $ 79,000 |
| Tucson, AZ | 172 | $ 23,092,000 | $ 134,255 | $ 58,000 |
| Indianapolis, IN | 134 | $ 16,358,000 | $ 122,074 | $ 65,000 |
| Chicago-Naperville-Joliet, IL | 99 | $ 13,672,000 | $ 138,101 | $ 79,000 |
| Denver-Aurora, CO | 98 | $ 13,917,000 | $ 142,010 | $ 80,000 |
| Jackson, MI | 66 | $ 7,320,000 | $ 110,909 | $ 57,000 |
| Lansing-East Lansing, MI | 65 | $ 6,946,000 | $ 106,861 | $ 65,000 |
| Flint, MI | 56 | $ 6,379,000 | $ 113,910 | $ 66,000 |
| Grand Rapids-Wyoming, MI | 55 | $ 6,528,000 | $ 118,690 | $ 65,000 |
| St. Louis, MO-IL | 55 | $ 7,248,000 | $ 131,781 | $ 79,000 |
| Flagstaff, AZ | 42 | $ 7,675,000 | $ 182,738 | $ 80,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 38 | $ 5,973,000 | $ 157,184 | $ 58,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 30 | $ 3,715,000 | $ 123,833 | $ 77,000 |
| Gary, IN | 28 | $ 2,737,000 | $ 97,750 | $ 58,000 |
| Monroe, MI | 28 | $ 2,992,000 | $ 106,857 | $ 62,000 |
| Portland-Vancouver-Beaverton, OR-WA | 27 | $ 4,062,000 | $ 150,444 | $ 53,000 |
| Los Angeles-Long Beach-Glendale, CA | 26 | $ 6,324,000 | $ 243,230 | $ 79,000 |
| Prescott, AZ | 26 | $ 4,430,000 | $ 170,384 | $ 80,000 |
| Kalamazoo-Portage, MI | 24 | $ 2,237,000 | $ 93,208 | $ 59,000 |
| Kansas City, MO-KS | 24 | $ 2,591,000 | $ 107,958 | $ 58,000 |
| Yuma, AZ | 24 | $ 3,183,000 | $ 132,625 | $ 72,000 |
| Colorado Springs, CO | 23 | $ 2,842,000 | $ 123,565 | $ 61,000 |
| Houston-Baytown-Sugar Land, TX | 23 | $ 3,324,000 | $ 144,521 | $ 63,000 |
| Richmond, VA | 19 | $ 2,466,000 | $ 129,789 | $ 60,000 |
| Milwaukee-Waukesha-West Allis, WI | 18 | $ 2,323,000 | $ 129,055 | $ 56,000 |
| Tampa-St. Petersburg-Clearwater, FL | 18 | $ 2,529,000 | $ 140,500 | $ 76,000 |
| Santa Ana-Anaheim-Irvine, CA | 16 | $ 4,394,000 | $ 274,625 | $ 92,000 |
| Tulsa, OK | 16 | $ 1,849,000 | $ 115,562 | $ 63,000 |
| Holland-Grand Haven, MI | 15 | $ 1,784,000 | $ 118,933 | $ 89,000 |
| Riverside-San Bernardino-Ontario, CA | 15 | $ 3,497,000 | $ 233,133 | $ 75,000 |
| Dallas-Plano-Irving, TX | 14 | $ 2,037,000 | $ 145,500 | $ 75,000 |
| San Diego-Carlsbad-San Marcos, CA | 14 | $ 3,498,000 | $ 249,857 | $ 86,000 |
| Elkhart-Goshen, IN | 13 | $ 1,043,000 | $ 80,230 | $ 64,000 |
| Cincinnati-Middletown, OH-KY-IN | 12 | $ 1,794,000 | $ 149,500 | $ 74,000 |
| Fort Collins-Loveland, CO | 12 | $ 1,224,000 | $ 102,000 | $ 67,000 |
| Seattle-Bellevue-Everett, WA | 12 | $ 2,074,000 | $ 172,833 | $ 56,000 |
| South Bend-Mishawaka, IN-MI | 12 | $ 820,000 | $ 68,333 | $ 66,000 |
| Albuquerque, NM | 11 | $ 1,592,000 | $ 144,727 | $ 82,000 |
| Anderson, IN | 10 | $ 938,000 | $ 93,800 | $ 43,000 |
| Oklahoma City, OK | 10 | $ 974,000 | $ 97,400 | $ 45,000 |
| San Antonio, TX | 10 | $ 1,458,000 | $ 145,800 | $ 58,000 |
| Cape Coral-Fort Myers, FL | 9 | $ 2,530,000 | $ 281,111 | $ 110,000 |
| Fort Wayne, IN | 9 | $ 1,005,000 | $ 111,666 | $ 61,000 |
| Saginaw-Saginaw Township North, MI | 9 | $ 723,000 | $ 80,333 | $ 89,000 |
| Columbus, OH | 8 | $ 1,503,000 | $ 187,875 | $ 67,000 |
| Killeen-Temple-Fort Hood, TX | 8 | $ 824,000 | $ 103,000 | $ 56,000 |
| Bellingham, WA | 7 | $ 993,000 | $ 141,857 | $ 126,000 |
| Boulder, CO | 7 | $ 1,009,000 | $ 144,142 | $ 115,000 |
| Corpus Christi, TX | 7 | $ 712,000 | $ 101,714 | $ 133,000 |
| Greeley, CO | 7 | $ 746,000 | $ 106,571 | $ 75,000 |
| Las Cruces, NM | 7 | $ 725,000 | $ 103,571 | $ 79,000 |
| Madison, WI | 7 | $ 700,000 | $ 100,000 | $ 48,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 7 | $ 1,786,000 | $ 255,142 | $ 65,000 |
| Springfield, IL | 7 | $ 525,000 | $ 75,000 | $ 65,000 |
| Springfield, MO | 7 | $ 539,000 | $ 77,000 | $ 41,000 |
| Toledo, OH | 7 | $ 1,480,000 | $ 211,428 | $ 59,000 |
| Boise City-Nampa, ID | 6 | $ 593,000 | $ 98,833 | $ 58,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 6 | $ 1,042,000 | $ 173,666 | $ 131,000 |
| Hot Springs, AR | 6 | $ 314,000 | $ 52,333 | $ 41,000 |
| Jacksonville, FL | 6 | $ 902,000 | $ 150,333 | $ 60,000 |
| Knoxville, TN | 6 | $ 716,000 | $ 119,333 | $ 61,000 |
| Lake County-Kenosha County, IL-WI | 6 | $ 859,000 | $ 143,166 | $ 64,000 |
| Lynchburg, VA | 6 | $ 469,000 | $ 78,166 | $ 58,000 |
| Spokane, WA | 6 | $ 868,000 | $ 144,666 | $ 47,000 |
| Wichita, KS | 6 | $ 545,000 | $ 90,833 | $ 82,000 |
| Austin-Round Rock, TX | 5 | $ 1,056,000 | $ 211,200 | $ 132,000 |
| Bakersfield, CA | 5 | $ 882,000 | $ 176,400 | $ 113,000 |
| Bay City, MI | 5 | $ 489,000 | $ 97,800 | $ 118,000 |
| Columbia, MO | 5 | $ 479,000 | $ 95,800 | $ 93,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 685,000 | $ 137,000 | $ 91,000 |
| Honolulu, HI | 5 | $ 1,638,000 | $ 327,600 | $ 120,000 |
| Little Rock-North Little Rock, AR | 5 | $ 404,000 | $ 80,800 | $ 65,000 |
| Nashville-Davidson--Murfreesboro, TN | 5 | $ 537,000 | $ 107,400 | $ 72,000 |
| Peoria, IL | 5 | $ 408,000 | $ 81,600 | $ 40,000 |
| Salem, OR | 5 | $ 525,000 | $ 105,000 | $ 34,000 |
| Battle Creek, MI | 4 | $ 274,000 | $ 68,500 | $ 59,000 |
| Bloomington, IN | 4 | $ 450,000 | $ 112,500 | $ 44,000 |
| Charlottesville, VA | 4 | $ 326,000 | $ 81,500 | $ 79,000 |
| Eugene-Springfield, OR | 4 | $ 438,000 | $ 109,500 | $ 71,000 |
| Joplin, MO | 4 | $ 326,000 | $ 81,500 | $ 47,000 |
| Louisville, KY-IN | 4 | $ 413,000 | $ 103,250 | $ 58,000 |
| Muskegon-Norton Shores, MI | 4 | $ 567,000 | $ 141,750 | $ 93,000 |
| Naples-Marco Island, FL | 4 | $ 2,422,000 | $ 605,500 | $ 309,000 |
| Niles-Benton Harbor, MI | 4 | $ 277,000 | $ 69,250 | $ 50,000 |
| Orlando, FL | 4 | $ 767,000 | $ 191,750 | $ 55,000 |
| Tacoma, WA | 4 | $ 598,000 | $ 149,500 | $ 104,000 |
| Vallejo-Fairfield, CA | 4 | $ 802,000 | $ 200,500 | $ 53,000 |
| Akron, OH | 3 | $ 285,000 | $ 95,000 | $ 42,000 |
| Anchorage, AK | 3 | $ 635,000 | $ 211,666 | $ 227,000 |
| Bend, OR | 3 | $ 420,000 | $ 140,000 | $ 108,000 |
| Billings, MT | 3 | $ 432,000 | $ 144,000 | $ 62,000 |
| Canton-Massillon, OH | 3 | $ 205,000 | $ 68,333 | $ 37,000 |
| Clarksville, TN-KY | 3 | $ 525,000 | $ 175,000 | $ 100,000 |
| Corvallis, OR | 3 | $ 671,000 | $ 223,666 | $ 120,000 |
| Dayton, OH | 3 | $ 447,000 | $ 149,000 | $ 50,000 |
| Evansville, IN-KY | 3 | $ 301,000 | $ 100,333 | $ 52,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 3 | $ 262,000 | $ 87,333 | $ 43,000 |
| Green Bay, WI | 3 | $ 361,000 | $ 120,333 | $ 62,000 |
| Harrisonburg, VA | 3 | $ 234,000 | $ 78,000 | $ 39,000 |
| Lafayette, IN | 3 | $ 218,000 | $ 72,666 | $ 75,000 |
| Lawrence, KS | 3 | $ 426,000 | $ 142,000 | $ 57,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 519,000 | $ 173,000 | $ 51,000 |
| Modesto, CA | 3 | $ 483,000 | $ 161,000 | $ 57,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 637,000 | $ 212,333 | $ 133,000 |
| Pueblo, CO | 3 | $ 294,000 | $ 98,000 | $ 40,000 |
| Rockford, IL | 3 | $ 126,000 | $ 42,000 | $ 81,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 755,000 | $ 251,666 | $ 40,000 |
| Sarasota-Bradenton-Venice, FL | 3 | $ 638,000 | $ 212,666 | $ 116,000 |
| St. Joseph, MO-KS | 3 | $ 191,000 | $ 63,666 | $ 151,000 |
| Wausau, WI | 3 | $ 299,000 | $ 99,666 | $ 53,000 |
| Anderson, SC | 2 | $ 370,000 | $ 185,000 | $ 146,000 |
| Appleton, WI | 2 | $ 126,000 | $ 63,000 | $ 48,000 |
| Beaumont-Port Arthur, TX | 2 | $ 112,000 | $ 56,000 | $ 50,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 153,000 | $ 76,500 | $ 51,000 |
| Casper, WY | 2 | $ 202,000 | $ 101,000 | $ 56,000 |
| Champaign-Urbana, IL | 2 | $ 142,000 | $ 71,000 | $ 76,000 |
| Charleston-North Charleston, SC | 2 | $ 390,000 | $ 195,000 | $ 47,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 358,000 | $ 179,000 | $ 54,000 |
| Coeur D'Alene, ID | 2 | $ 455,000 | $ 227,500 | $ 52,000 |
| College Station-Bryan, TX | 2 | $ 241,000 | $ 120,500 | $ 36,000 |
| Columbus, IN | 2 | $ 96,000 | $ 48,000 | $ 69,000 |
| Des Moines, IA | 2 | $ 127,000 | $ 63,500 | $ 34,000 |
| El Paso, TX | 2 | $ 557,000 | $ 278,500 | $ 107,000 |
| Farmington, NM | 2 | $ 333,000 | $ 166,500 | $ 68,000 |
| Fort Worth-Arlington, TX | 2 | $ 256,000 | $ 128,000 | $ 86,000 |
| Fresno, CA | 2 | $ 808,000 | $ 404,000 | $ 221,000 |
| Gainesville, FL | 2 | $ 202,000 | $ 101,000 | $ 96,000 |
| Huntsville, AL | 2 | $ 123,000 | $ 61,500 | $ 51,000 |
| Jefferson City, MO | 2 | $ 117,000 | $ 58,500 | $ 65,000 |
| Kankakee-Bradley, IL | 2 | $ 300,000 | $ 150,000 | $ 61,000 |
| Kennewick-Richland-Pasco, WA | 2 | $ 183,000 | $ 91,500 | $ 56,000 |
| Lakeland, FL | 2 | $ 116,000 | $ 58,000 | $ 27,000 |
| Missoula, MT | 2 | $ 265,000 | $ 132,500 | $ 0 |
| Morristown, TN | 2 | $ 124,000 | $ 62,000 | $ 47,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 2 | $ 169,000 | $ 84,500 | $ 104,000 |
| Oakland-Fremont-Hayward, CA | 2 | $ 562,000 | $ 281,000 | $ 74,000 |
| Panama City-Lynn Haven, FL | 2 | $ 212,000 | $ 106,000 | $ 36,000 |
| Redding, CA | 2 | $ 664,000 | $ 332,000 | $ 92,000 |
| Roanoke, VA | 2 | $ 209,000 | $ 104,500 | $ 65,000 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 760,000 | $ 380,000 | $ 107,000 |
| Stockton, CA | 2 | $ 477,000 | $ 238,500 | $ 21,000 |
| Tallahassee, FL | 2 | $ 232,000 | $ 116,000 | $ 64,000 |
| Terre Haute, IN | 2 | $ 299,000 | $ 149,500 | $ 67,000 |
| Topeka, KS | 2 | $ 176,000 | $ 88,000 | $ 49,000 |
| Visalia-Porterville, CA | 2 | $ 155,000 | $ 77,500 | $ 31,000 |
| Yakima, WA | 2 | $ 132,000 | $ 66,000 | $ 98,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 102,000 | $ 102,000 | $ 108,000 |
| Bremerton-Silverdale, WA | 1 | $ 245,000 | $ 245,000 | $ 54,000 |
| Brownsville-Harlingen, TX | 1 | $ 136,000 | $ 136,000 | $ 69,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 30,000 | $ 30,000 | $ 0 |
| Chattanooga, TN-GA | 1 | $ 190,000 | $ 190,000 | $ 66,000 |
| Columbia, SC | 1 | $ 92,000 | $ 92,000 | $ 26,000 |
| Danville, VA | 1 | $ 196,000 | $ 196,000 | $ 99,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 29,000 | $ 29,000 | $ 56,000 |
| Fond Du Lac, WI | 1 | $ 108,000 | $ 108,000 | $ 71,000 |
| Greenville, SC | 1 | $ 233,000 | $ 233,000 | $ 75,000 |
| Iowa City, IA | 1 | $ 120,000 | $ 120,000 | $ 71,000 |
| Jackson, MS | 1 | $ 168,000 | $ 168,000 | $ 75,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 98,000 | $ 98,000 | $ 186,000 |
| Laredo, TX | 1 | $ 129,000 | $ 129,000 | $ 48,000 |
| Lawton, OK | 1 | $ 125,000 | $ 125,000 | $ 71,000 |
| Longview, TX | 1 | $ 45,000 | $ 45,000 | $ 17,000 |
| Madera, CA | 1 | $ 340,000 | $ 340,000 | $ 48,000 |
| Medford, OR | 1 | $ 223,000 | $ 223,000 | $ 58,000 |
| Memphis, TN-MS-AR | 1 | $ 72,000 | $ 72,000 | $ 71,000 |
| Michigan City-La Porte, IN | 1 | $ 103,000 | $ 103,000 | $ 28,000 |
| Pine Bluff, AR | 1 | $ 40,000 | $ 40,000 | $ 41,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 290,000 | $ 290,000 | $ 162,000 |
| Savannah, GA | 1 | $ 253,000 | $ 253,000 | $ 57,000 |
| Sioux Falls, SD | 1 | $ 68,000 | $ 68,000 | $ 78,000 |
| St. Cloud, MN | 1 | $ 200,000 | $ 200,000 | $ 49,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 180,000 | $ 180,000 | $ 34,000 |
| Winchester, VA-WV | 1 | $ 272,000 | $ 272,000 | $ 100,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 89,000 | $ 89,000 | $ 49,000 |
| Yuba City, CA | 1 | $ 189,000 | $ 189,000 | $ 43,000 |
Mortgage Loan Application Detail Totals for Sallie Mae Home Loans in 2005
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 | 4,053 | $563,497,000 | $139,968 | $1,365,000 | $72,625 | $2,557,000 |
| Refinancing | 3,037 | $448,842,000 | $136,931 | $1,000,000 | $67,620 | $681,000 |
| Home Improvement | 10 | $1,470,000 | $136,500 | $501,000 | $136,500 | $452,000 |
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 | 5,882 | $833,192,000 | $140,500 | $1,365,000 | $68,382 | $2,557,000 |
| Black or African American | 472 | $68,978,000 | $151,588 | $565,000 | $85,647 | $2,000,000 |
| Hispanic | 320 | $43,274,000 | $131,055 | $360,000 | $49,666 | $240,000 |
| Asian | 190 | $32,030,000 | $149,615 | $675,000 | $86,769 | $330,000 |
| Not Provided | 183 | $27,623,000 | $160,333 | $515,000 | $86,888 | $468,000 |
| American Indian or Alaskan Native | 32 | $5,362,000 | $144,100 | $1,000,000 | $62,300 | $516,000 |
| Native Hawaiian or Other Pacific Islander | 20 | $3,194,000 | $145,428 | $480,000 | $77,285 | $180,000 |
| Not applicable | 1 | $156,000 | $156,000 | $156,000 | $39,000 | $39,000 |
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) | 6,908 | $984,022,000 | $132,666 | $1,365,000 | $74,121 | $2,557,000 |
| FHA-insured (Federal Housing Administration) | 113 | $14,380,000 | $117,545 | $229,000 | $44,636 | $142,000 |
| VA-guaranteed (Veterans Administration) | 78 | $15,382,000 | $212,470 | $360,000 | $65,588 | $148,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $25,000 | $25,000 | $25,000 | $41,000 | $41,000 |
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 | 6,086 | $875,750,000 | $145,875 | $1,365,000 | $74,031 | $2,557,000 |
| Application Denied By Financial Institution | 377 | $49,765,000 | $121,923 | $502,000 | $65,115 | $282,000 |
| Application Withdrawn By Applicant | 373 | $50,197,000 | $144,368 | $991,000 | $83,263 | $311,000 |
| Application Approved But Not Accepted | 246 | $35,783,000 | $163,555 | $532,000 | $60,666 | $314,000 |
| File Closed For Incompleteness | 10 | $1,243,000 | $101,500 | $515,000 | $36,000 | $174,000 |
| Preapproval Approved but not Accepted | 5 | $736,000 | $172,333 | $264,000 | $94,666 | $158,000 |
| Preapproval Denied by Financial Institution | 3 | $335,000 | $111,000 | $168,000 | $144,000 | $208,000 |
| Loan Purchased By The 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 | 117 | $14,732,000 | $137,368 | $480,000 | $79,052 | $240,000 |
| Debt-To-Income Ratio | 96 | $13,355,000 | $129,615 | $502,000 | $50,384 | $121,000 |
| Credit History | 75 | $10,802,000 | $145,777 | $445,000 | $64,222 | $240,000 |
| Other | 61 | $7,136,000 | $114,333 | $383,000 | $73,533 | $208,000 |
| Unverifiable Information | 13 | $1,724,000 | $134,800 | $340,000 | $66,600 | $219,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $1,387,000 | $121,750 | $259,000 | $117,250 | $282,000 |
| Employment History | 7 | $834,000 | $117,333 | $212,000 | $81,000 | $200,000 |
| Credit Application Incomplete | 1 | $130,000 | $130,000 | $130,000 | $62,000 | $62,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sallie Mae Home Loans's 2005 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 Sallie Mae Home Loans'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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with aggregated HMDA statistics today.
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