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Atlantic Bay Mortgage Group in North Carolina

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

LEI 549300RWXUAFD1WAE410
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.

Atlantic Bay Mortgage Group's 2024 HMDA record for North Carolina covers 7,345 applications, 5,882 of them originated, worth $1.7bn.

Its denial rate in the state was 1.4%, below the North Carolina rate of 24.0% across all lenders and compared with the lender's national rate of 1.8%.

The median rate spread on its North Carolina originations was 0.4 percentage points (state median 0.2).

Applications in the state were about level with 2023.

7,345applications in NC, 202443.3% of the lender's total
5,882loans originated$1.7bn
1.4%denial rateNC all lenders 24.0%
0.4 ppmedian rate spreadNC 0.2 pp

Compared with the state and the lender's national record

MeasureIn North CarolinaNorth Carolina, all lendersAtlantic Bay Mortgage Group, all statesUnited States
Denial rate1.4%24.0%1.8%24.3%
Median rate spread, pp0.40.20.30.3
Originations with spread of 1.5 pp or more5.2%11.8%4.6%15.6%
Average originated loan$283k$299k$296k$329k
Home purchase share94.0%56.3%93.6%57.0%
FHA-insured share21.5%11.8%22.6%13.4%
VA-guaranteed share9.5%11.8%14.1%7.9%

Trend by year

ApplicationsOriginations

04,4108,8202022: 8,820 Applications2023: 7,354 Applications2024: 7,345 Applications2022: 6,835 Originations2023: 5,744 Originations2024: 5,882 Originations202220232024
Atlantic Bay Mortgage Group in North Carolina: applications and originations, 2022–2024

This lender in stateNorth Carolina, all lenders

0%12.3%24.6%2022: 1.6% This lender in state2023: 1.4% This lender in state2024: 1.4% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in North Carolina

By purpose

Home purchase 94% (5,529)Home improvement 0% (1)Refinancing 3% (161)Cash-out refinancing 3% (190)Other purpose 0% (1)

By type

Conventional 67% (3,969)FHA 21% (1,264)VA 10% (559)USDA 2% (90)

Denial reasons as coded

Debt-to-income ratio36.5%
Credit history22.4%
Other17.6%
Collateral9.4%
Unverifiable information7.1%
Employment history5.9%
Credit application incomplete1.2%
Insufficient cash (downpayment, closing costs)0%
Mortgage insurance denied0%

Share of 85 denials in North Carolina by first denial reason coded (outlined bar: all lenders in the state).

Counties in North Carolina

CountyApplicationsOriginationsAmountDenial rate
Mecklenburg County773622$328m0.6%
Guilford County541441$100m1.5%
Davidson County462383$84m1.5%
Forsyth County377314$71m0.6%
New Hanover County270222$93m0.4%
Wayne County245208$43m1.9%
Craven County255192$47m3.5%
Catawba County230169$34m1.2%
Burke County203169$30m1.2%
Randolph County204160$32m1.8%
Pitt County179145$34m3.3%
Johnston County144121$30m0.0%
Brunswick County137119$39m2.5%
Buncombe County145109$41m1.8%
Nash County130109$26m3.5%
Carteret County12599$37m1.0%
Iredell County14697$36m2.0%
Gaston County11991$25m4.2%
Union County11987$34m1.1%
Surry County9885$15m0.0%
Rowan County11282$18m0.0%
Rockingham County10880$16m1.2%
Wake County10179$36m0.0%
Cabarrus County9877$21m0.0%
Onslow County9473$19m1.4%
Lenoir County8572$11m0.0%
Alamance County8769$16m1.4%
Halifax County7967$11m0.0%
Rutherford County7461$12m0.0%
Cumberland County6958$11m0.0%
Henderson County6855$19m3.5%
Caldwell County6954$10m0.0%
Lincoln County7551$16m0.0%
Stokes County6051$9.5m0.0%
Edgecombe County6450$7.0m0.0%
Pender County6048$18m0.0%
Cleveland County5847$8.5m4.1%
Harnett County5246$12m2.1%
Wilson County5046$8.0m4.2%
Haywood County5344$13m0.0%

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Atlantic Bay Mortgage Group originate in North Carolina in 2024?

5,882 loans totalling $1.7bn, from 7,345 applications reported for properties in North Carolina.

What is Atlantic Bay Mortgage Group's denial rate in North Carolina?

1.4% of decided applications in North Carolina were denied, against 24.0% for all lenders in the state and 1.8% 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 Atlantic Bay Mortgage Group lend in most?

By originations: Mecklenburg County (622), Guilford County (441), Davidson County (383), Forsyth County (314), New Hanover County (222).

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.