Ditech Mortgage Corp Mortgage Lending & HMDA Data, 2014
In 2014, Ditech Mortgage Corp of Ft. Washington, PA reported 44,497 mortgage applications totaling $9.9 billion, up 1655% from 2013. The average application was for $222,146, and applicants reported an average income of $57,916. 12% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (2,276), Chicago-Naperville-Arlington Heights, IL (1,614) and Phoenix-Mesa-Scottsdale, AZ (1,506) (applications in parentheses).
| Mortgage Company & Address | Ditech Mortgage Corp 1100 Virginia Drive, Suite 100 Ft. Washington, PA 19034 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 44,497 |
| Total Mortgage Loan Application Amount | $9,884,863,000 |
| Average Mortgage Loan Application Amount | $222,146 |
| Highest Mortgage Loan Application Amount | $2,763,000 |
| Average Applicant Income | $57,916 |
| Highest Applicant Income | $3,391,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ditech Mortgage Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Ditech Mortgage Corp in 2014
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 | 25,616 | $5,642,358,000 | $220,000 | $2,763,000 | $53,000 | $3,391,000 |
| Refinancing | 17,652 | $4,000,818,000 | $226,000 | $2,370,000 | $64,000 | $2,246,000 |
| Home Improvement | 1,229 | $241,687,000 | $196,000 | $1,088,000 | $73,000 | $606,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 33,114 | $7,285,948,000 | $220,000 | $1,094,000 | $41,000 | $3,391,000 |
| White | 8,255 | $1,902,920,000 | $230,000 | $2,763,000 | $108,000 | $2,231,000 |
| Asian | 990 | $270,396,000 | $273,000 | $1,440,000 | $121,000 | $869,000 |
| Hispanic | 817 | $162,267,000 | $198,000 | $1,080,000 | $86,000 | $1,212,000 |
| Black or African American | 638 | $98,647,000 | $154,000 | $1,082,000 | $71,000 | $499,000 |
| Not Provided | 557 | $139,605,000 | $250,000 | $1,070,000 | $113,000 | $1,019,000 |
| American Indian or Alaskan Native | 68 | $11,951,000 | $175,000 | $700,000 | $85,000 | $375,000 |
| Native Hawaiian or Other Pacific Islander | 58 | $13,129,000 | $226,000 | $658,000 | $82,000 | $185,000 |
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) | 35,249 | $8,070,592,000 | $228,000 | $2,763,000 | $63,000 | $3,391,000 |
| FHA-insured (Federal Housing Administration) | 7,901 | $1,466,684,000 | $185,000 | $636,000 | $38,000 | $544,000 |
| VA-guaranteed (Veterans Administration) | 1,341 | $346,989,000 | $258,000 | $1,095,000 | $39,000 | $480,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $598,000 | $99,000 | $123,000 | $48,000 | $63,000 |
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 Purchased By The Institution | 33,114 | $7,285,948,000 | $220,000 | $1,094,000 | $41,000 | $3,391,000 |
| Loan Originated | 5,482 | $1,311,499,000 | $239,000 | $2,000,000 | $115,000 | $1,899,000 |
| Application Denied By Financial Institution | 3,643 | $850,112,000 | $233,000 | $2,370,000 | $102,000 | $2,231,000 |
| Application Withdrawn By Applicant | 1,670 | $321,511,000 | $192,000 | $1,095,000 | $88,000 | $1,212,000 |
| File Closed For Incompleteness | 302 | $52,631,000 | $174,000 | $875,000 | $89,000 | $1,500,000 |
| Preapproval Denied by Financial Institution | 170 | $33,665,000 | $198,000 | $2,763,000 | $74,000 | $1,006,000 |
| Application Approved But Not Accepted | 116 | $29,497,000 | $254,000 | $800,000 | $113,000 | $669,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 1,481 | $406,619,000 | $274,000 | $2,763,000 | $129,000 | $2,120,000 |
| Credit History | 847 | $130,735,000 | $154,000 | $1,360,000 | $69,000 | $768,000 |
| Debt-To-Income Ratio | 797 | $178,405,000 | $223,000 | $1,455,000 | $65,000 | $747,000 |
| Unverifiable Information | 442 | $125,840,000 | $284,000 | $1,345,000 | $145,000 | $2,231,000 |
| Other | 107 | $19,319,000 | $180,000 | $823,000 | $94,000 | $557,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 81 | $11,200,000 | $138,000 | $548,000 | $63,000 | $281,000 |
| Employment History | 24 | $5,307,000 | $221,000 | $557,000 | $93,000 | $360,000 |
| Mortgage Insurance Denied | 17 | $4,083,000 | $240,000 | $396,000 | $87,000 | $182,000 |
| Credit Application Incomplete | 2 | $432,000 | $216,000 | $249,000 | $112,000 | $141,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ditech Mortgage Corp's 2014 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 Ditech Mortgage Corp'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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