Ssbb Mortgage, LLC Mortgage Lending & HMDA Data, 2004
In 2004, Ssbb Mortgage, LLC of Stockbridge, MI reported 66 mortgage applications totaling $7.3 million. The average application was for $109,924, and applicants reported an average income of $54,454. 82% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Lansing-East Lansing, MI (49), Jackson, MI (6) and Warren-Farmington Hills-Troy, MI (3) (applications in parentheses).
| Mortgage Company & Address | Ssbb Mortgage, LLC 122 W. Main St. Stockbridge, MI 49285 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 |
| Total Number of Mortgage Applications | 66 |
| Total Mortgage Loan Application Amount | $7,255,000 |
| Average Mortgage Loan Application Amount | $109,924 |
| Highest Mortgage Loan Application Amount | $320,000 |
| Average Applicant Income | $54,454 |
| Highest Applicant Income | $233,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ssbb Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lansing-East Lansing, MI | 49 | $ 5,370,000 | $ 109,591 | $ 53,000 |
| Jackson, MI | 6 | $ 797,000 | $ 132,833 | $ 93,000 |
| Warren-Farmington Hills-Troy, MI | 3 | $ 195,000 | $ 65,000 | $ 41,000 |
| Ann Arbor, MI | 1 | $ 120,000 | $ 120,000 | $ 70,000 |
| Battle Creek, MI | 1 | $ 115,000 | $ 115,000 | $ 40,000 |
Mortgage Loan Application Detail Totals for Ssbb Mortgage, LLC in 2004
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 | 31 | $3,555,000 | $114,000 | $292,000 | $52,000 | $233,000 |
| Home Purchase | 29 | $3,170,000 | $105,000 | $320,000 | $43,000 | $139,000 |
| Home Improvement | 6 | $530,000 | $88,000 | $130,000 | $77,000 | $158,000 |
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 | 59 | $6,693,000 | $116,500 | $320,000 | $44,000 | $233,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $294,000 | $98,000 | $144,000 | $61,000 | $130,000 |
| Hispanic | 2 | $143,000 | $71,000 | $88,000 | $37,000 | $44,000 |
| Not Provided | 1 | $40,000 | $40,000 | $40,000 | $24,000 | $24,000 |
| American Indian or Alaskan Native | 1 | $85,000 | $85,000 | $85,000 | $48,000 | $48,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 66 | $7,255,000 | $105,000 | $320,000 | $43,000 | $233,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
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 | 54 | $6,289,000 | $116,000 | $320,000 | $66,000 | $233,000 |
| Application Denied By Financial Institution | 7 | $501,000 | $58,000 | $120,000 | $26,000 | $55,000 |
| Application Withdrawn By Applicant | 2 | $105,000 | $52,000 | $60,000 | $27,000 | $42,000 |
| Preapproval Denied by Financial Institution | 2 | $220,000 | $110,000 | $150,000 | $24,000 | $24,000 |
| Preapproval Approved but not Accepted | 1 | $140,000 | $140,000 | $140,000 | $50,000 | $50,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 5 | $388,000 | $74,500 | $120,000 | $35,000 | $55,000 |
| Debt-To-Income Ratio | 3 | $281,000 | $93,000 | $150,000 | $18,000 | $24,000 |
| Employment History | 1 | $52,000 | $52,000 | $52,000 | $8,000 | $8,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Ssbb Mortgage, LLC's 2004 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 Ssbb 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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