East Baton Rouge Parish, LA Mortgage Lenders & HMDA Data, 2006

In 2006, lenders reported 42,671 mortgage applications in East Baton Rouge Parish, LA totaling $5.3 billion, up 5% from 2005. The average application was for $123,000, and applicants reported an average income of $74,000. 40% of applications resulted in an originated loan and 20% were denied. The most active lender was JPMorgan Chase Bank, NA, with 3,138 applications, followed by Capital One NA and Countrywide Home Loans.

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Total Number of Mortgage Applications 42,671
Total Mortgage Loan Application Amount $5,250,429,000
Average Mortgage Loan Application Amount $123,000
Highest Mortgage Loan Application Amount $22,650,000
Average Applicant Income $74,000
Highest Applicant Income $9,999,000
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Top Mortgage Lenders in East Baton Rouge Parish, LA (2006)

Ranked by the number of mortgage applications each lender reported in East Baton Rouge Parish, LA in 2006.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 JPMorgan Chase Bank, NA
Columbus, OH
3,138 $418,462,000 $133,000 $89,000
2 Capital One NA
Baton Rouge, LA
2,498 $241,929,000 $96,000 $84,000
3 Countrywide Home Loans
Westlake Village, CA
2,484 $322,480,000 $129,000 $72,000
4 Gmfs, LLC
Baton Rouge, LA
1,588 $165,417,000 $104,000 $79,000
5 Wells Fargo Bank, NA
Des Moines, IA
1,181 $165,003,000 $139,000 $95,000
6 Residential Funding Corp. LLC
Ft. Washington, PA
1,008 $97,063,000 $96,000 $0
7 Wmc Mortgage Corp.
Burbank, CA
955 $85,015,000 $89,000 $77,000
8 Ameriquest Mortgage Company
Orange, CA
928 $115,951,000 $124,000 $104,000
9 Citimortgage, Inc
New York, NY
882 $120,942,000 $137,000 $85,000
10 Beneficial Company LLC
Mettawa, IL
877 $84,812,000 $96,000 $60,000

See every lender active in East Baton Rouge Parish, LA in 2006 »

The tables below break down 2006 mortgage applications in East Baton Rouge 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 East Baton Rouge Parish, LA in 2006

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 22,471 $2,907,817,000 $129,000 $22,650,000 $79,000 $9,999,000
Refinancing 17,119 $2,160,052,000 $126,000 $18,550,000 $69,000 $9,999,000
Home Improvement 3,081 $182,560,000 $59,000 $9,000,000 $67,000 $1,752,000

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 15,584 $2,174,847,000 $139,000 $6,900,000 $105,000 $9,999,000
Black or African American 12,420 $1,199,429,000 $96,000 $1,365,000 $56,000 $6,829,000
Not Provided 7,657 $852,069,000 $111,000 $4,800,000 $75,000 $7,182,000
Not applicable 5,553 $828,974,000 $149,000 $22,650,000 $26,000 $9,999,000
Asian 663 $96,886,000 $146,000 $1,200,000 $96,000 $1,032,000
Hispanic 642 $79,852,000 $124,000 $1,435,000 $87,000 $1,913,000
American Indian or Alaskan Native 86 $7,069,000 $82,000 $310,000 $58,000 $250,000
Native Hawaiian or Other Pacific Islander 66 $11,303,000 $171,000 $1,000,000 $128,000 $2,350,000

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) 40,696 $5,024,698,000 $123,000 $22,650,000 $76,000 $9,999,000
FHA-insured (Federal Housing Administration) 1,604 $173,739,000 $108,000 $225,000 $31,000 $296,000
VA-guaranteed (Veterans Administration) 293 $42,478,000 $144,000 $377,000 $48,000 $154,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 78 $9,514,000 $121,000 $230,000 $34,000 $121,000

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 17,059 $2,267,456,000 $132,000 $22,650,000 $88,000 $9,999,000
Application Denied By Financial Institution 8,558 $863,463,000 $100,000 $2,900,000 $67,000 $9,999,000
Loan Purchased By The Institution 8,235 $1,028,437,000 $124,000 $1,150,000 $42,000 $2,250,000
Application Withdrawn By Applicant 3,671 $490,224,000 $133,000 $6,900,000 $79,000 $6,829,000
Application Approved But Not Accepted 3,549 $404,322,000 $113,000 $3,668,000 $80,000 $1,913,000
File Closed For Incompleteness 1,597 $196,275,000 $122,000 $1,000,000 $115,000 $7,182,000
Preapproval Denied by Financial Institution 2 $252,000 $126,000 $160,000 $73,000 $96,000
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 1,933 $167,504,000 $86,000 $1,000,000 $61,000 $9,999,000
Other 989 $114,682,000 $115,000 $2,900,000 $108,000 $3,300,000
Credit Application Incomplete 789 $86,266,000 $109,000 $1,100,000 $75,000 $939,000
Collateral 721 $76,949,000 $106,000 $1,000,000 $79,000 $900,000
Debt-To-Income Ratio 682 $69,471,000 $101,000 $1,050,000 $48,000 $312,000
Unverifiable Information 171 $21,037,000 $123,000 $940,000 $64,000 $713,000
Insufficient Cash (Downpayment, Closing Cost) 78 $10,564,000 $135,000 $1,017,000 $84,000 $1,223,000
Employment History 46 $4,551,000 $98,000 $416,000 $62,000 $228,000
Mortgage Insurance Denied 5 $628,000 $125,000 $210,000 $64,000 $108,000

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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