Ditech Mortgage Corp Mortgage Lending & HMDA Data, 2008
In 2008, Ditech Mortgage Corp of Ft. Washington, PA reported 26 mortgage applications totaling $6.2 million. The average application was for $240,346, and applicants reported an average income of $26,000. 58% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (4), Los Angeles-Long Beach-Glendale, CA (3) and Oakland-Fremont-Hayward, CA (2) (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 | 26 |
| Total Mortgage Loan Application Amount | $6,249,000 |
| Average Mortgage Loan Application Amount | $240,346 |
| Highest Mortgage Loan Application Amount | $362,000 |
| Average Applicant Income | $26,000 |
| Highest Applicant Income | $91,000 |
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Act (HMDA) records Ditech Mortgage Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles, California | 3 | $ 973,000 | $ 324,333 | $ 46,000 |
| Riverside, California | 3 | $ 750,000 | $ 250,000 | $ 30,000 |
| Orange, California | 2 | $ 562,000 | $ 281,000 | $ 12,000 |
| Shasta, California | 2 | $ 359,000 | $ 179,500 | $ 15,000 |
| Alameda, California | 1 | $ 271,000 | $ 271,000 | $ 16,000 |
| Butte, California | 1 | $ 304,000 | $ 304,000 | $ 22,000 |
| Contra Costa, California | 1 | $ 206,000 | $ 206,000 | $ 12,000 |
| Marin, California | 1 | $ 296,000 | $ 296,000 | $ 24,000 |
| Monterey, California | 1 | $ 268,000 | $ 268,000 | $ 12,000 |
| San Bernardino, California | 1 | $ 192,000 | $ 192,000 | $ 19,000 |
| San Francisco, California | 1 | $ 254,000 | $ 254,000 | $ 12,000 |
| Santa Cruz, California | 1 | $ 291,000 | $ 291,000 | $ 12,000 |
| Broward, Florida | 1 | $ 160,000 | $ 160,000 | $ 31,000 |
| Miami-Dade, Florida | 1 | $ 134,000 | $ 134,000 | $ 12,000 |
| Cobb, Georgia | 1 | $ 138,000 | $ 138,000 | $ 51,000 |
| Gilmer, Georgia | 1 | $ 145,000 | $ 145,000 | $ 91,000 |
| Clark, Nevada | 1 | $ 197,000 | $ 197,000 | $ 16,000 |
| Salt Lake, Utah | 1 | $ 179,000 | $ 179,000 | $ 44,000 |
| King, Washington | 1 | $ 270,000 | $ 270,000 | $ 10,000 |
Mortgage Loan Application Detail Totals for Ditech Mortgage Corp in 2008
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 |
|---|---|---|---|---|---|---|
| Refinancing | 26 | $6,249,000 | $240,000 | $362,000 | $26,000 | $91,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Purchase | 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 | 17 | $4,112,000 | $241,000 | $316,000 | $27,000 | $91,000 |
| Not Provided | 4 | $853,000 | $213,000 | $291,000 | $32,000 | $60,000 |
| Hispanic | 3 | $652,000 | $217,000 | $254,000 | $14,000 | $19,000 |
| Black or African American | 2 | $632,000 | $316,000 | $362,000 | $20,000 | $30,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 26 | $6,249,000 | $240,000 | $362,000 | $26,000 | $91,000 |
| 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 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 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 | 15 | $3,342,000 | $222,000 | $316,000 | $26,000 | $91,000 |
| Application Approved But Not Accepted | 5 | $1,194,000 | $238,000 | $296,000 | $24,000 | $44,000 |
| Application Withdrawn By Applicant | 4 | $1,158,000 | $289,000 | $362,000 | $21,000 | $30,000 |
| Application Denied By Financial Institution | 2 | $555,000 | $277,000 | $306,000 | $35,000 | $60,000 |
| File Closed For Incompleteness | 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 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 1 | $249,000 | $249,000 | $249,000 | $60,000 | $60,000 |
| Other | 1 | $306,000 | $306,000 | $306,000 | $10,000 | $10,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ditech Mortgage Corp's 2008 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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