The Lending-Xchange, LLC Mortgage Lending & HMDA Data, 2008
In 2008, The Lending-Xchange, LLC of Miamisburg, OH reported 87 mortgage applications totaling $17.8 million. The average application was for $204,574, and applicants reported an average income of $74,172. 77% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Virginia Beach-Norfolk-Newport News, VA-NC (77), Charlotte-Gastonia-Concord, NC-SC (1) and Washington-Arlington-Alexandria, DC-VA-MD-WV (1) (applications in parentheses).
| Mortgage Company & Address | The Lending-Xchange, LLC 3232 Newmark Drive Miamisburg, OH 45352 |
| Federal Regulator | * available with data download |
| Years | 2008 |
| Total Number of Mortgage Applications | 87 |
| Total Mortgage Loan Application Amount | $17,798,000 |
| Average Mortgage Loan Application Amount | $204,574 |
| Highest Mortgage Loan Application Amount | $387,000 |
| Average Applicant Income | $74,172 |
| Highest Applicant Income | $696,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Lending-Xchange, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 The Lending-Xchange, LLC 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 69 | $13,958,000 | $202,000 | $387,000 | $81,000 | $696,000 |
| Refinancing | 18 | $3,840,000 | $213,000 | $362,000 | $48,000 | $122,000 |
| Home Improvement | 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 |
|---|---|---|---|---|---|---|
| Not Provided | 35 | $7,224,000 | $206,000 | $387,000 | $88,000 | $696,000 |
| White | 35 | $7,506,000 | $214,000 | $368,000 | $66,000 | $146,000 |
| Black or African American | 14 | $2,435,000 | $173,000 | $340,000 | $61,000 | $122,000 |
| Hispanic | 2 | $460,000 | $230,000 | $266,000 | $69,000 | $87,000 |
| Asian | 1 | $173,000 | $173,000 | $173,000 | $46,000 | $46,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 34 | $8,339,000 | $245,000 | $387,000 | $69,000 | $146,000 |
| FHA-insured (Federal Housing Administration) | 28 | $4,971,000 | $177,000 | $267,000 | $56,000 | $131,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 25 | $4,488,000 | $179,000 | $326,000 | $101,000 | $696,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 67 | $13,558,000 | $202,000 | $387,000 | $75,000 | $696,000 |
| Application Withdrawn By Applicant | 6 | $1,277,000 | $212,000 | $368,000 | $74,000 | $105,000 |
| Preapproval Denied by Financial Institution | 5 | $913,000 | $182,000 | $250,000 | $65,000 | $80,000 |
| Application Denied By Financial Institution | 4 | $1,175,000 | $293,000 | $359,000 | $75,000 | $87,000 |
| File Closed For Incompleteness | 3 | $484,000 | $161,000 | $198,000 | $67,000 | $99,000 |
| Application Approved But Not Accepted | 2 | $391,000 | $195,000 | $228,000 | $83,000 | $127,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 5 | $1,218,000 | $243,000 | $359,000 | $75,000 | $87,000 |
| Debt-To-Income Ratio | 3 | $604,000 | $201,000 | $305,000 | $54,000 | $77,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $266,000 | $266,000 | $266,000 | $87,000 | $87,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 The Lending-Xchange, LLC'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 The Lending-Xchange, 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.
For a list of all lenders in Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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