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Fairway Independent Mort Corp in North Carolina

HMDA record for properties in North Carolina, calendar year 2024. National record · North Carolina overview

LEI 549300MGPZBLQDIL7538
Reporting agency Department of Housing and Urban Development
State North Carolina

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

In North Carolina, Fairway Independent Mort Corp reported 4,634 applications and 3,581 originations for 2024, $1.0bn in all.

Its denial rate in the state was 4.9%, below the North Carolina rate of 24.0% across all lenders and compared with the lender's national rate of 6.0%.

The median rate spread on its North Carolina originations was 0.5 percentage points (state median 0.2).

Applications in the state were down 8% on 2023.

4,634applications in NC, 20244.6% of the lender's total
3,581loans originated$1.0bn
4.9%denial rateNC all lenders 24.0%
0.5 ppmedian rate spreadNC 0.2 pp

Compared with the state and the lender's national record

MeasureIn North CarolinaNorth Carolina, all lendersFairway Independent Mort Corp, all statesUnited States
Denial rate4.9%24.0%6.0%24.3%
Median rate spread, pp0.50.20.40.3
Originations with spread of 1.5 pp or more4.0%11.8%5.0%15.6%
Average originated loan$286k$299k$319k$329k
Home purchase share92.9%56.3%91.1%57.0%
FHA-insured share19.3%11.8%22.0%13.4%
VA-guaranteed share8.7%11.8%8.3%7.9%

Trend by year

ApplicationsOriginations

03793.57,5872022: 7,587 Applications2023: 5,055 Applications2024: 4,634 Applications2022: 5,460 Originations2023: 3,910 Originations2024: 3,581 Originations202220232024
Fairway Independent Mort Corp in North Carolina: applications and originations, 2022–2024

This lender in stateNorth Carolina, all lenders

0%12.3%24.6%2022: 7.8% This lender in state2023: 3.8% This lender in state2024: 4.9% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in North Carolina

By purpose

Home purchase 93% (3,327)Home improvement 0% (13)Refinancing 3% (91)Cash-out refinancing 3% (112)Other purpose 1% (38)

By type

Conventional 70% (2,524)FHA 19% (691)VA 9% (313)USDA 1% (53)

Denial reasons as coded

Debt-to-income ratio35.6%
Credit application incomplete19.1%
Collateral12.8%
Other11.2%
Credit history10.6%
Unverifiable information8%
Insufficient cash (downpayment, closing costs)2.1%
Employment history0.5%
Mortgage insurance denied0%

Share of 188 denials in North Carolina by first denial reason coded (outlined bar: all lenders in the state).

Counties in North Carolina

CountyApplicationsOriginationsAmountDenial rate
Mecklenburg County466340$121m5.5%
Wake County412321$130m3.6%
Forsyth County365302$63m3.5%
Johnston County319264$76m4.0%
Cabarrus County227179$56m4.3%
Rowan County218170$38m4.4%
Guilford County212164$36m6.8%
Union County161118$44m6.3%
Iredell County158117$37m4.1%
Catawba County121102$23m0.9%
Cumberland County141100$20m9.9%
Davidson County120100$21m4.8%
Gaston County12394$21m4.0%
Alamance County9875$16m3.8%
Brunswick County9070$22m5.4%
Buncombe County8161$27m4.6%
Stanly County6655$15m1.8%
Durham County7254$17m1.8%
Onslow County6554$18m1.8%
Harnett County6852$13m7.1%
Randolph County4740$9.2m7.0%
Cleveland County4338$7.4m0.0%
Lincoln County4136$11m2.7%
Franklin County4935$11m7.9%
Davie County3933$7.8m2.9%
Yadkin County3833$5.7m0.0%
Surry County4532$5.3m10.8%
New Hanover County3832$11m2.9%
Nash County4731$6.8m13.9%
Rockingham County3729$4.8m19.4%
Stokes County3927$6.0m0.0%
Moore County3627$11m3.6%
Chatham County2825$10m0.0%
Watauga County2819$7.8m—
Wayne County2817$3.6m—

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Fairway Independent Mort Corp originate in North Carolina in 2024?

3,581 loans totalling $1.0bn, from 4,634 applications reported for properties in North Carolina.

What is Fairway Independent Mort Corp's denial rate in North Carolina?

4.9% of decided applications in North Carolina were denied, against 24.0% for all lenders in the state and 6.0% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

Which North Carolina counties does Fairway Independent Mort Corp lend in most?

By originations: Mecklenburg County (340), Wake County (321), Forsyth County (302), Johnston County (264), Cabarrus County (179).

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in North Carolina. Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.