Treasury Department Mortgage Lending & HMDA Data, 2004
In 2004, Treasury Department of Washington, DC reported 478 mortgage applications totaling $88.0 million, up 30% from 2003. The average application was for $184,108, and applicants reported an average income of $103,730. 57% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (40), Bethesda-Frederick-Gaithersburg, MD (34) and Baltimore-Towson, MD (23) (applications in parentheses).
| Mortgage Company & Address | Treasury Department 1101 2nd St Ne Washington, DC 20002 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 478 |
| Total Mortgage Loan Application Amount | $88,004,000 |
| Average Mortgage Loan Application Amount | $184,108 |
| Highest Mortgage Loan Application Amount | $750,000 |
| Average Applicant Income | $103,730 |
| Highest Applicant Income | $1,428,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Treasury Department filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 40 | $ 7,129,000 | $ 178,225 | $ 100,000 |
| Bethesda-Frederick-Gaithersburg, MD | 34 | $ 6,950,000 | $ 204,411 | $ 114,000 |
| Baltimore-Towson, MD | 23 | $ 3,102,000 | $ 134,869 | $ 105,000 |
| Los Angeles-Long Beach-Glendale, CA | 18 | $ 3,801,000 | $ 211,166 | $ 219,000 |
| Newark-Union, NJ-PA | 7 | $ 1,508,000 | $ 215,428 | $ 112,000 |
| Denver-Aurora, CO | 6 | $ 1,090,000 | $ 181,666 | $ 73,000 |
| Houston-Baytown-Sugar Land, TX | 6 | $ 452,000 | $ 75,333 | $ 60,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 990,000 | $ 247,500 | $ 69,000 |
| Chicago-Naperville-Joliet, IL | 3 | $ 230,000 | $ 76,666 | $ 63,000 |
| Laredo, TX | 3 | $ 207,000 | $ 69,000 | $ 80,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 221,000 | $ 73,666 | $ 111,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 179,000 | $ 89,500 | $ 81,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 320,000 | $ 160,000 | $ 78,000 |
| Florence, SC | 2 | $ 71,000 | $ 35,500 | $ 62,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 455,000 | $ 227,500 | $ 97,000 |
| Nassau-Suffolk, NY | 2 | $ 298,000 | $ 149,000 | $ 88,000 |
| New York-Wayne-White Plains, NY-NJ | 2 | $ 456,000 | $ 228,000 | $ 91,000 |
| Orlando, FL | 2 | $ 349,000 | $ 174,500 | $ 59,000 |
| Pittsburgh, PA | 2 | $ 233,000 | $ 116,500 | $ 99,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 284,000 | $ 142,000 | $ 103,000 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 700,000 | $ 350,000 | $ 113,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 418,000 | $ 209,000 | $ 99,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 106,000 | $ 106,000 | $ 51,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 79,000 | $ 79,000 | $ 72,000 |
| Asheville, NC | 1 | $ 67,000 | $ 67,000 | $ 30,000 |
| Austin-Round Rock, TX | 1 | $ 344,000 | $ 344,000 | $ 219,000 |
| Brunswick, GA | 1 | $ 182,000 | $ 182,000 | $ 124,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 33,000 | $ 33,000 | $ 73,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 163,000 | $ 163,000 | $ 51,000 |
| Detroit-Livonia-Dearborn, MI | 1 | $ 182,000 | $ 182,000 | $ 112,000 |
| Gulfport-Biloxi, MS | 1 | $ 101,000 | $ 101,000 | $ 0 |
| Jacksonville, FL | 1 | $ 180,000 | $ 180,000 | $ 209,000 |
| Joplin, MO | 1 | $ 42,000 | $ 42,000 | $ 100,000 |
| Kansas City, MO-KS | 1 | $ 53,000 | $ 53,000 | $ 67,000 |
| Knoxville, TN | 1 | $ 91,000 | $ 91,000 | $ 61,000 |
| Las Cruces, NM | 1 | $ 30,000 | $ 30,000 | $ 24,000 |
| Memphis, TN-MS-AR | 1 | $ 163,000 | $ 163,000 | $ 80,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 73,000 | $ 73,000 | $ 72,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 90,000 | $ 90,000 | $ 45,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 385,000 | $ 385,000 | $ 160,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 79,000 | $ 79,000 | $ 40,000 |
| Raleigh-Cary, NC | 1 | $ 149,000 | $ 149,000 | $ 47,000 |
| Richmond, VA | 1 | $ 303,000 | $ 303,000 | $ 73,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 153,000 | $ 153,000 | $ 43,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 65,000 | $ 65,000 | $ 92,000 |
| Savannah, GA | 1 | $ 28,000 | $ 28,000 | $ 143,000 |
| Syracuse, NY | 1 | $ 121,000 | $ 121,000 | $ 38,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 65,000 | $ 65,000 | $ 18,000 |
| Warren-Farmington Hills-Troy, MI | 1 | $ 144,000 | $ 144,000 | $ 65,000 |
Mortgage Loan Application Detail Totals for Treasury Department 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 | 237 | $50,026,000 | $152,541 | $650,000 | $84,291 | $1,428,000 |
| Home Purchase | 127 | $32,920,000 | $236,000 | $750,000 | $95,153 | $288,000 |
| Home Improvement | 114 | $5,058,000 | $43,750 | $200,000 | $93,166 | $227,000 |
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 Provided | 284 | $47,455,000 | $143,750 | $750,000 | $81,833 | $1,428,000 |
| White | 117 | $27,926,000 | $192,125 | $650,000 | $100,312 | $916,000 |
| Black or African American | 61 | $8,188,000 | $154,000 | $340,000 | $75,250 | $227,000 |
| Asian | 10 | $3,160,000 | $314,000 | $508,000 | $133,250 | $209,000 |
| Hispanic | 4 | $914,000 | $248,000 | $326,000 | $110,666 | $153,000 |
| American Indian or Alaskan Native | 2 | $361,000 | $180,500 | $211,000 | $59,500 | $68,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 473 | $87,084,000 | $147,384 | $750,000 | $81,115 | $1,428,000 |
| FHA-insured (Federal Housing Administration) | 5 | $920,000 | $184,000 | $280,000 | $77,000 | $118,000 |
| 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 |
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 | 273 | $48,736,000 | $149,047 | $650,000 | $90,095 | $351,000 |
| Application Approved But Not Accepted | 123 | $26,279,000 | $158,684 | $750,000 | $83,315 | $1,428,000 |
| Application Denied By Financial Institution | 45 | $8,305,000 | $162,307 | $464,000 | $59,461 | $162,000 |
| Application Withdrawn By Applicant | 22 | $1,663,000 | $68,833 | $450,000 | $86,166 | $169,000 |
| File Closed For Incompleteness | 15 | $3,021,000 | $209,200 | $428,000 | $101,800 | $285,000 |
| 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 | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Treasury Department'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 Treasury Department'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 District of Columbia, download the full spreadsheet
with aggregated HMDA statistics today.
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