Yerke Mortgage Co. Mortgage Lending & HMDA Data, 2004
In 2004, Yerke Mortgage Co. of Columbus, OH reported 118 mortgage applications totaling $16.7 million, down 47% from 2003. The average application was for $141,669, and applicants reported an average income of $54,508. 56% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Columbus, OH (95) and Dayton, OH (1).
| Mortgage Company & Address | Yerke Mortgage Co. 222 East Town Street, Ste 200 Columbus, OH 43215 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 118 |
| Total Mortgage Loan Application Amount | $16,717,000 |
| Average Mortgage Loan Application Amount | $141,669 |
| Highest Mortgage Loan Application Amount | $800,000 |
| Average Applicant Income | $54,508 |
| Highest Applicant Income | $318,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Yerke Mortgage Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Columbus, OH | 95 | $ 14,948,000 | $ 157,347 | $ 64,000 |
| Dayton, OH | 1 | $ 50,000 | $ 50,000 | $ 27,000 |
Mortgage Loan Application Detail Totals for Yerke Mortgage Co. 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 76 | $11,190,000 | $147,000 | $800,000 | $57,000 | $318,000 |
| Refinancing | 42 | $5,527,000 | $131,000 | $380,000 | $50,000 | $251,000 |
| 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 | 101 | $14,152,000 | $140,000 | $800,000 | $55,000 | $318,000 |
| Black or African American | 13 | $1,742,000 | $134,000 | $347,000 | $50,000 | $146,000 |
| Hispanic | 2 | $170,000 | $85,000 | $87,000 | $33,000 | $35,000 |
| Asian | 2 | $653,000 | $326,000 | $580,000 | $100,000 | $182,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 73 | $12,175,000 | $166,000 | $800,000 | $72,000 | $318,000 |
| FHA-insured (Federal Housing Administration) | 25 | $2,538,000 | $101,000 | $186,000 | $36,000 | $88,000 |
| VA-guaranteed (Veterans Administration) | 20 | $2,004,000 | $100,000 | $218,000 | $24,000 | $74,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 66 | $8,894,000 | $134,000 | $380,000 | $50,000 | $318,000 |
| Application Withdrawn By Applicant | 40 | $6,216,000 | $155,000 | $800,000 | $56,000 | $182,000 |
| Application Denied By Financial Institution | 12 | $1,607,000 | $133,000 | $380,000 | $65,000 | $251,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 6 | $702,000 | $117,000 | $179,000 | $40,000 | $100,000 |
| Collateral | 2 | $423,000 | $211,000 | $380,000 | $135,000 | $251,000 |
| Employment History | 2 | $208,000 | $104,000 | $140,000 | $62,000 | $81,000 |
| Other | 1 | $124,000 | $124,000 | $124,000 | $78,000 | $78,000 |
| Debt-To-Income Ratio | 1 | $150,000 | $150,000 | $150,000 | $51,000 | $51,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Yerke Mortgage Co.'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 Yerke Mortgage Co.'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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