The McCue Mortgage Company Mortgage Lending & HMDA Data, 2010

In 2010, The McCue Mortgage Company of New Britain, CT reported 2,148 mortgage applications totaling $382.2 million, down 26% from 2009. The average application was for $177,912, and applicants reported an average income of $62,014. 81% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Hartford-West Hartford-East Hartford, CT (1,107), New Haven-Milford, CT (440) and Norwich-New London, CT (318) (applications in parentheses).

Mortgage Company & Address The McCue Mortgage Company
1 Liberty Square, 3rd Floor
New Britain, CT 06052
Tel #: available with data download
Federal Regulator * available with data download
Years 2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 2,148
Total Mortgage Loan Application Amount $382,155,000
Average Mortgage Loan Application Amount $177,912
Highest Mortgage Loan Application Amount $654,000
Average Applicant Income $62,014
Highest Applicant Income $316,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The McCue Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for The McCue Mortgage Company in 2010

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 1,712 $298,299,000 $174,000 $613,000 $61,000 $316,000
Refinancing 436 $83,856,000 $192,000 $654,000 $66,000 $278,000
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
White 1,590 $292,055,000 $183,000 $654,000 $64,000 $261,000
Hispanic 224 $33,032,000 $147,000 $309,000 $50,000 $316,000
Black or African American 222 $35,640,000 $160,000 $514,000 $58,000 $155,000
Not Provided 66 $12,736,000 $192,000 $417,000 $53,000 $278,000
Asian 36 $7,009,000 $194,000 $417,000 $69,000 $199,000
American Indian or Alaskan Native 5 $736,000 $147,000 $186,000 $42,000 $63,000
Native Hawaiian or Other Pacific Islander 5 $947,000 $189,000 $269,000 $51,000 $93,000
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
FHA-insured (Federal Housing Administration) 1,656 $297,144,000 $179,000 $654,000 $58,000 $316,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 428 $71,709,000 $167,000 $417,000 $79,000 $278,000
VA-guaranteed (Veterans Administration) 63 $13,049,000 $207,000 $414,000 $56,000 $165,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $253,000 $253,000 $253,000 $64,000 $64,000

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 1,736 $311,758,000 $179,000 $654,000 $63,000 $316,000
Application Denied By Financial Institution 204 $33,514,000 $164,000 $414,000 $55,000 $190,000
Application Withdrawn By Applicant 114 $20,408,000 $179,000 $404,000 $63,000 $220,000
Application Approved But Not Accepted 94 $16,475,000 $175,000 $520,000 $61,000 $238,000
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
Debt-To-Income Ratio 55 $9,135,000 $166,000 $323,000 $46,000 $113,000
Collateral 52 $8,180,000 $157,000 $297,000 $61,000 $190,000
Other 39 $6,570,000 $168,000 $414,000 $66,000 $178,000
Credit History 26 $4,184,000 $160,000 $255,000 $54,000 $97,000
Employment History 13 $1,934,000 $148,000 $202,000 $27,000 $47,000
Unverifiable Information 9 $1,775,000 $197,000 $336,000 $49,000 $127,000
Mortgage Insurance Denied 6 $1,058,000 $176,000 $318,000 $66,000 $166,000
Insufficient Cash (Downpayment, Closing Cost) 4 $678,000 $169,000 $261,000 $72,000 $125,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into The McCue Mortgage Company's 2010 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 McCue Mortgage Company'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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