Ascension Parish, LA Mortgage Lenders & HMDA Data, 2009

In 2009, lenders reported 8,782 mortgage applications in Ascension Parish, LA totaling $1.5 billion, up 19% from 2008. The average application was for $174,000, and applicants reported an average income of $75,000. 44% of applications resulted in an originated loan and 16% were denied. The most active lender was JPMorgan Chase Bank, NA, with 853 applications, followed by Wells Fargo Bank, NA and Bank of America, N.A..

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Total Number of Mortgage Applications 8,782
Total Mortgage Loan Application Amount $1,536,176,000
Average Mortgage Loan Application Amount $174,000
Highest Mortgage Loan Application Amount $24,630,000
Average Applicant Income $75,000
Highest Applicant Income $1,560,000
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Top Mortgage Lenders in Ascension Parish, LA (2009)

Ranked by the number of mortgage applications each lender reported in Ascension Parish, LA in 2009.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 JPMorgan Chase Bank, NA
Columbus, OH
853 $150,647,000 $176,000 $58,000
2 Wells Fargo Bank, NA
Des Moines, IA
658 $121,295,000 $184,000 $90,000
3 Bank of America, N.A.
Calabasas, CA
645 $116,149,000 $180,000 $75,000
4 Wells Fargo Funding, Inc
Winston-Salem, NC
514 $102,507,000 $199,000 $83,000
5 Whitney National Bank
Jefferson, LA
298 $43,553,000 $146,000 $82,000
6 Gmfs, LLC
Baton Rouge, LA
275 $48,061,000 $174,000 $68,000
7 Capital One NA
Baton Rouge, LA
271 $17,506,000 $64,000 $91,000
8 Regions Bank
Birmingham, AL
265 $41,716,000 $157,000 $86,000
9 Countrywide Bank FSB
Westlake Village, CA
251 $48,140,000 $191,000 $88,000
10 Citicorp Trust Bank, FSB
New York, NY
211 $35,183,000 $166,000 $73,000

See every lender active in Ascension Parish, LA in 2009 »

The tables below break down 2009 mortgage applications in Ascension Parish, LA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Ascension Parish, LA 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 5,151 $930,717,000 $180,000 $3,500,000 $81,000 $1,560,000
Home Purchase 3,130 $575,967,000 $184,000 $24,630,000 $66,000 $1,042,000
Home Improvement 501 $29,492,000 $58,000 $1,100,000 $76,000 $428,000

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 5,739 $1,014,464,000 $176,000 $24,630,000 $82,000 $1,560,000
Black or African American 1,165 $202,006,000 $173,000 $600,000 $66,000 $600,000
Not Provided 844 $146,720,000 $173,000 $905,000 $76,000 $784,000
Not applicable 762 $126,217,000 $165,000 $3,500,000 $38,000 $660,000
Hispanic 154 $26,630,000 $172,000 $417,000 $74,000 $242,000
Asian 83 $15,750,000 $189,000 $417,000 $82,000 $331,000
American Indian or Alaskan Native 24 $2,562,000 $106,000 $270,000 $45,000 $113,000
Native Hawaiian or Other Pacific Islander 11 $1,827,000 $166,000 $244,000 $56,000 $115,000

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) 5,581 $963,845,000 $172,000 $24,630,000 $86,000 $1,560,000
FHA-insured (Federal Housing Administration) 2,106 $373,428,000 $177,000 $417,000 $63,000 $1,004,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 847 $142,587,000 $168,000 $350,000 $40,000 $113,000
VA-guaranteed (Veterans Administration) 248 $56,316,000 $227,000 $431,000 $51,000 $176,000

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 3,852 $665,653,000 $172,000 $3,500,000 $82,000 $1,042,000
Loan Purchased By The Institution 2,111 $378,505,000 $179,000 $892,000 $62,000 $660,000
Application Denied By Financial Institution 1,396 $216,043,000 $154,000 $1,521,000 $72,000 $1,004,000
Application Withdrawn By Applicant 766 $162,516,000 $212,000 $24,630,000 $78,000 $682,000
Application Approved But Not Accepted 384 $62,889,000 $163,000 $860,000 $88,000 $865,000
File Closed For Incompleteness 272 $50,250,000 $184,000 $905,000 $81,000 $1,560,000
Preapproval Denied by Financial Institution 1 $320,000 $320,000 $320,000 $123,000 $123,000
Preapproval Approved but not Accepted 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 357 $41,459,000 $116,000 $600,000 $74,000 $960,000
Debt-To-Income Ratio 231 $38,584,000 $167,000 $1,521,000 $57,000 $384,000
Collateral 228 $40,270,000 $176,000 $460,000 $94,000 $1,004,000
Credit Application Incomplete 106 $18,938,000 $178,000 $364,000 $82,000 $368,000
Other 76 $13,175,000 $173,000 $356,000 $79,000 $269,000
Unverifiable Information 31 $6,654,000 $214,000 $1,100,000 $76,000 $276,000
Insufficient Cash (Downpayment, Closing Cost) 15 $2,739,000 $182,000 $538,000 $64,000 $153,000
Employment History 10 $1,222,000 $122,000 $321,000 $63,000 $218,000
Mortgage Insurance Denied 2 $508,000 $254,000 $348,000 $131,000 $215,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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