Universal Mortgage & Finance, Inc Mortgage Lending & HMDA Data, 2007
In 2007, Universal Mortgage & Finance, Inc of Edgewater, MD reported 850 mortgage applications totaling $203.0 million. The average application was for $238,792, and applicants reported an average income of $101,512. 87% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Baltimore-Towson, MD (284), Washington-Arlington-Alexandria, DC-VA-MD-WV (271) and Wilmington, DE-MD-NJ (51) (applications in parentheses).
| Mortgage Company & Address | Universal Mortgage & Finance, Inc 3158 Braverton Street Suite 204 Edgewater, MD 21037 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 850 |
| Total Mortgage Loan Application Amount | $202,974,000 |
| Average Mortgage Loan Application Amount | $238,792 |
| Highest Mortgage Loan Application Amount | $1,085,000 |
| Average Applicant Income | $101,512 |
| Highest Applicant Income | $1,654,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Universal Mortgage & Finance, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Universal Mortgage & Finance, Inc in 2007
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 | 647 | $154,057,000 | $238,000 | $1,085,000 | $93,000 | $768,000 |
| Home Purchase | 201 | $48,621,000 | $241,000 | $920,000 | $129,000 | $1,654,000 |
| Home Improvement | 2 | $296,000 | $148,000 | $178,000 | $93,000 | $114,000 |
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 | 429 | $99,184,000 | $231,000 | $1,085,000 | $109,000 | $768,000 |
| Black or African American | 281 | $69,565,000 | $247,000 | $920,000 | $98,000 | $1,654,000 |
| Not Provided | 115 | $27,951,000 | $243,000 | $758,000 | $80,000 | $216,000 |
| Hispanic | 17 | $4,126,000 | $242,000 | $464,000 | $90,000 | $162,000 |
| Asian | 4 | $973,000 | $243,000 | $277,000 | $93,000 | $131,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $829,000 | $276,000 | $470,000 | $111,000 | $120,000 |
| American Indian or Alaskan Native | 1 | $346,000 | $346,000 | $346,000 | $104,000 | $104,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 483 | $118,916,000 | $246,000 | $1,085,000 | $122,000 | $1,654,000 |
| FHA-insured (Federal Housing Administration) | 361 | $82,097,000 | $227,000 | $350,000 | $72,000 | $164,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 4 | $1,425,000 | $356,000 | $713,000 | $175,000 | $300,000 |
| VA-guaranteed (Veterans Administration) | 2 | $536,000 | $268,000 | $268,000 | $80,000 | $100,000 |
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 | 740 | $175,457,000 | $237,000 | $1,085,000 | $99,000 | $768,000 |
| Application Withdrawn By Applicant | 81 | $20,574,000 | $254,000 | $920,000 | $127,000 | $1,654,000 |
| Application Denied By Financial Institution | 29 | $6,943,000 | $239,000 | $416,000 | $86,000 | $300,000 |
| 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 |
| 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 Universal Mortgage & Finance, Inc's 2007 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 Universal Mortgage & Finance, Inc'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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