Wilmington Finance, Inc. Mortgage Lending & HMDA Data, 2004
In 2004, Wilmington Finance, Inc. of Plymouth Meeting, PA reported 1,148 mortgage applications totaling $257.4 million, down 94% from 2003. The average application was for $224,220, and applicants reported an average income of $79,870. 33% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Riverside-San Bernardino-Ontario, CA (251), Los Angeles-Long Beach-Glendale, CA (219) and Sacramento--Arden-Arcade--Roseville, CA (102) (applications in parentheses).
| Mortgage Company & Address | Wilmington Finance, Inc. 620 W Germantown Rd Plymouth Meeting, PA 19462 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,148 |
| Total Mortgage Loan Application Amount | $257,405,000 |
| Average Mortgage Loan Application Amount | $224,220 |
| Highest Mortgage Loan Application Amount | $750,000 |
| Average Applicant Income | $79,870 |
| Highest Applicant Income | $540,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wilmington Finance, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Los Angeles, California | 219 | $ 53,900,000 | $ 246,118 | $ 81,000 |
| Riverside, California | 141 | $ 29,639,000 | $ 210,205 | $ 87,000 |
| San Bernardino, California | 110 | $ 22,308,000 | $ 202,800 | $ 71,000 |
| San Diego, California | 85 | $ 21,095,000 | $ 248,176 | $ 80,000 |
| Sacramento, California | 79 | $ 15,865,000 | $ 200,822 | $ 70,000 |
| Orange, California | 75 | $ 22,963,000 | $ 306,173 | $ 97,000 |
| Kern, California | 47 | $ 6,394,000 | $ 136,042 | $ 64,000 |
| Stanislaus, California | 43 | $ 8,100,000 | $ 188,372 | $ 83,000 |
| Alameda, California | 31 | $ 9,055,000 | $ 292,096 | $ 103,000 |
| Fresno, California | 30 | $ 3,775,000 | $ 125,833 | $ 54,000 |
| Santa Clara, California | 28 | $ 7,650,000 | $ 273,214 | $ 120,000 |
| Contra Costa, California | 27 | $ 7,165,000 | $ 265,370 | $ 102,000 |
| Ventura, California | 26 | $ 7,716,000 | $ 296,769 | $ 92,000 |
| San Joaquin, California | 23 | $ 4,969,000 | $ 216,043 | $ 83,000 |
| Tulare, California | 23 | $ 2,320,000 | $ 100,869 | $ 56,000 |
| Monterey, California | 19 | $ 5,184,000 | $ 272,842 | $ 93,000 |
| Solano, California | 14 | $ 3,489,000 | $ 249,214 | $ 81,000 |
| Placer, California | 12 | $ 2,603,000 | $ 216,916 | $ 65,000 |
| Merced, California | 10 | $ 1,449,000 | $ 144,900 | $ 54,000 |
| Sutter, California | 9 | $ 1,154,000 | $ 128,222 | $ 92,000 |
| Providence, Rhode Island | 8 | $ 908,000 | $ 113,500 | $ 53,000 |
| San Luis Obispo, California | 6 | $ 1,468,000 | $ 244,666 | $ 63,000 |
| Shasta, California | 6 | $ 708,000 | $ 118,000 | $ 49,000 |
| Yolo, California | 6 | $ 1,443,000 | $ 240,500 | $ 80,000 |
| El Dorado, California | 5 | $ 1,043,000 | $ 208,600 | $ 69,000 |
| San Mateo, California | 5 | $ 1,728,000 | $ 345,600 | $ 97,000 |
| Butte, California | 4 | $ 555,000 | $ 138,750 | $ 82,000 |
| Imperial, California | 4 | $ 837,000 | $ 209,250 | $ 91,000 |
| Nevada, California | 4 | $ 1,320,000 | $ 330,000 | $ 82,000 |
| Santa Barbara, California | 4 | $ 1,386,000 | $ 346,500 | $ 97,000 |
| Sonoma, California | 4 | $ 1,383,000 | $ 345,750 | $ 82,000 |
| Tuolumne, California | 4 | $ 706,000 | $ 176,500 | $ 48,000 |
| Yuba, California | 4 | $ 597,000 | $ 149,250 | $ 37,000 |
| Kings, California | 3 | $ 478,000 | $ 159,333 | $ 75,000 |
| Marin, California | 3 | $ 1,091,000 | $ 363,666 | $ 128,000 |
| Mendocino, California | 3 | $ 681,000 | $ 227,000 | $ 84,000 |
| Calaveras, California | 2 | $ 409,000 | $ 204,500 | $ 48,000 |
| Del Norte, California | 2 | $ 364,000 | $ 182,000 | $ 56,000 |
| Lake, California | 2 | $ 391,000 | $ 195,500 | $ 73,000 |
| Santa Cruz, California | 2 | $ 775,000 | $ 387,500 | $ 68,000 |
| Kent, Rhode Island | 2 | $ 283,000 | $ 141,500 | $ 43,000 |
| Glenn, California | 1 | $ 157,000 | $ 157,000 | $ 73,000 |
| Humboldt, California | 1 | $ 208,000 | $ 208,000 | $ 50,000 |
| Madera, California | 1 | $ 107,000 | $ 107,000 | $ 27,000 |
| Napa, California | 1 | $ 278,000 | $ 278,000 | $ 57,000 |
| Plumas, California | 1 | $ 41,000 | $ 41,000 | $ 31,000 |
| San Benito, California | 1 | $ 400,000 | $ 400,000 | $ 108,000 |
| Siskiyou, California | 1 | $ 96,000 | $ 96,000 | $ 55,000 |
| Tehama, California | 1 | $ 39,000 | $ 39,000 | $ 44,000 |
| Baltimore, Maryland | 1 | $ 125,000 | $ 125,000 | $ 35,000 |
| Washtenaw, Michigan | 1 | $ 179,000 | $ 179,000 | $ 46,000 |
| Cass, Missouri | 1 | $ 97,000 | $ 97,000 | $ 23,000 |
| Jefferson, Missouri | 1 | $ 124,000 | $ 124,000 | $ 40,000 |
| St. Louis, Missouri | 1 | $ 119,000 | $ 119,000 | $ 20,000 |
| Roanoke City, Virginia | 1 | $ 88,000 | $ 88,000 | $ 29,000 |
Mortgage Loan Application Detail Totals for Wilmington Finance, Inc. 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 | 881 | $204,522,000 | $141,000 | $750,000 | $42,500 | $540,000 |
| Home Purchase | 267 | $52,883,000 | $166,333 | $689,000 | $67,000 | $349,000 |
| 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 | 489 | $110,095,000 | $153,250 | $750,000 | $52,500 | $540,000 |
| White | 370 | $86,671,000 | $156,666 | $720,000 | $49,000 | $375,000 |
| Hispanic | 180 | $35,438,000 | $154,500 | $500,000 | $49,000 | $245,000 |
| Black or African American | 52 | $10,954,000 | $165,500 | $514,000 | $53,000 | $351,000 |
| Asian | 46 | $11,386,000 | $247,000 | $627,000 | $96,000 | $265,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $2,276,000 | $252,000 | $400,000 | $85,000 | $114,000 |
| American Indian or Alaskan Native | 2 | $585,000 | $292,000 | $334,000 | $75,000 | $88,000 |
| 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) | 1,148 | $257,405,000 | $141,500 | $750,000 | $44,500 | $540,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Approved But Not Accepted | 411 | $91,912,000 | $201,000 | $720,000 | $62,500 | $360,000 |
| Loan Originated | 383 | $87,789,000 | $229,000 | $645,000 | $79,000 | $351,000 |
| Application Denied By Financial Institution | 324 | $70,472,000 | $142,666 | $750,000 | $53,000 | $375,000 |
| Application Withdrawn By Applicant | 25 | $6,166,000 | $169,666 | $605,000 | $58,000 | $540,000 |
| File Closed For Incompleteness | 5 | $1,066,000 | $213,000 | $275,000 | $67,000 | $96,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 155 | $33,704,000 | $181,500 | $750,000 | $72,500 | $228,000 |
| Credit History | 66 | $14,808,000 | $168,000 | $595,000 | $55,000 | $168,000 |
| Debt-To-Income Ratio | 55 | $11,409,000 | $157,500 | $627,000 | $56,000 | $265,000 |
| Collateral | 25 | $4,996,000 | $199,000 | $487,000 | $86,000 | $375,000 |
| Unverifiable Information | 12 | $2,832,000 | $236,000 | $478,000 | $110,000 | $360,000 |
| Employment History | 8 | $1,759,000 | $219,000 | $338,000 | $71,000 | $120,000 |
| Credit Application Incomplete | 2 | $464,000 | $232,000 | $232,000 | $63,000 | $63,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $500,000 | $500,000 | $500,000 | $79,000 | $79,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Wilmington Finance, Inc.'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 Wilmington 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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with aggregated HMDA statistics today.
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