Universal Mortgage & Finance, Inc Mortgage Lending & HMDA Data, 2009
In 2009, Universal Mortgage & Finance, Inc of Edgewater, MD reported 788 mortgage applications totaling $182.3 million, up 8% from 2008. The average application was for $231,406, and applicants reported an average income of $80,492. 72% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Baltimore-Towson, MD (197), Washington-Arlington-Alexandria, DC-VA-MD-WV (176) and Philadelphia, PA (68) (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 | 788 |
| Total Mortgage Loan Application Amount | $182,348,000 |
| Average Mortgage Loan Application Amount | $231,406 |
| Highest Mortgage Loan Application Amount | $616,000 |
| Average Applicant Income | $80,492 |
| Highest Applicant Income | $448,000 |
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Universal Mortgage & Finance, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 629 | $146,951,000 | $233,000 | $579,000 | $81,000 | $448,000 |
| Home Purchase | 158 | $35,242,000 | $223,000 | $616,000 | $78,000 | $242,000 |
| Home Improvement | 1 | $155,000 | $155,000 | $155,000 | $155,000 | $155,000 |
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 | 497 | $114,779,000 | $230,000 | $616,000 | $82,000 | $360,000 |
| Black or African American | 137 | $30,388,000 | $221,000 | $454,000 | $77,000 | $242,000 |
| Not Provided | 122 | $29,571,000 | $242,000 | $579,000 | $81,000 | $448,000 |
| Hispanic | 19 | $4,038,000 | $212,000 | $324,000 | $70,000 | $158,000 |
| Asian | 9 | $2,760,000 | $306,000 | $484,000 | $86,000 | $131,000 |
| American Indian or Alaskan Native | 4 | $812,000 | $203,000 | $247,000 | $64,000 | $86,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 526 | $123,167,000 | $234,000 | $616,000 | $77,000 | $360,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 239 | $53,309,000 | $223,000 | $514,000 | $87,000 | $448,000 |
| VA-guaranteed (Veterans Administration) | 22 | $5,636,000 | $256,000 | $570,000 | $87,000 | $170,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $236,000 | $236,000 | $236,000 | $75,000 | $75,000 |
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 | 567 | $129,917,000 | $229,000 | $616,000 | $81,000 | $288,000 |
| Application Withdrawn By Applicant | 140 | $32,513,000 | $232,000 | $460,000 | $82,000 | $448,000 |
| Application Denied By Financial Institution | 80 | $19,479,000 | $243,000 | $514,000 | $75,000 | $360,000 |
| Application Approved But Not Accepted | 1 | $439,000 | $439,000 | $439,000 | $99,000 | $99,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 17 | $3,360,000 | $197,000 | $331,000 | $59,000 | $96,000 |
| Debt-To-Income Ratio | 13 | $3,471,000 | $267,000 | $449,000 | $57,000 | $94,000 |
| Collateral | 13 | $3,807,000 | $292,000 | $514,000 | $100,000 | $156,000 |
| Other | 2 | $532,000 | $266,000 | $314,000 | $60,000 | $84,000 |
| Unverifiable Information | 2 | $614,000 | $307,000 | $398,000 | $78,000 | $89,000 |
| Credit Application Incomplete | 1 | $196,000 | $196,000 | $196,000 | $66,000 | $66,000 |
| Employment History | 1 | $148,000 | $148,000 | $148,000 | $60,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $188,000 | $188,000 | $188,000 | $67,000 | $67,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Universal Mortgage & Finance, Inc's 2009 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.
For a list of all lenders in Maryland, download the full spreadsheet
with aggregated HMDA statistics today.
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