Faribault County, MN Mortgage Lenders & HMDA Data, 2009

In 2009, lenders reported 496 mortgage applications in Faribault County, MN totaling $51.0 million, up 16% from 2008. The average application was for $102,000, and applicants reported an average income of $54,000. 53% of applications resulted in an originated loan and 21% were denied. The most active lender was Wells Fargo Bank, NA, with 115 applications, followed by Wells Federal Bank and Compeer Financial.

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Total Number of Mortgage Applications 496
Total Mortgage Loan Application Amount $50,957,000
Average Mortgage Loan Application Amount $102,000
Highest Mortgage Loan Application Amount $495,000
Average Applicant Income $54,000
Highest Applicant Income $855,000

Mortgage Company List for Lending in Faribault County, MN for 2009

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Wells Fargo Bank, NA
1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042
DES MOINES, IA 50328
* $ 538,958,000,000 115 $ 10,988,000
Wells Federal Bank
53 1ST ST SW
WELLS, MN 56097
* $ 253,306,000 110 $ 10,622,000
Compeer Financial
2600 JENNY WREN TRAIL
SUN PRAIRIE, WI 53590
* $ 10,000,000 58 $ 8,661,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ 10,000,000 15 $ 1,441,000
Bank of America, N.A.
4500 PARK GRANADA
CALABASAS, CA 91302
* $ 1,471,631,047,000 11 $ 1,282,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,746,242,000,000 11 $ 961,000
Citibank, N.A.
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 1,227,040,000,000 11 $ 774,000
Pioneer Bank
320 STADIUM ROAD SUITE 100
MANKATO, MN 56001
* $ 255,918,000 11 $ 292,000
US Bank, N.A.
777 EAST WISCONSIN AVE
MILWAUKEE, WI 53202
* $ 261,775,591,000 6 $ 628,000
Community Bank Mankato
300 ST ANDREWS DR
VERNON CENTER, MN 56090
* $ 151,833,000 6 $ 401,000
Countrywide Bank FSB
30930 RUSSELL RANCH ROAD MS CA6-916-02-0
WESTLAKE VILLAGE, CA 91362
* $ 117,978,966,000 6 $ 865,000
Bell America Mortgage LLC dba
1000 SHELARD PARKWAY SUITE 500
MINNEAPOLIS, MN 55434
* $ 10,000,000 6 $ 524,000
Mortgage Investors Corp
6090 CENTRAL AVE
ST. PETERSBURG, FL 33707
* $ 10,000,000 5 $ 391,000
Gmac Mortgage LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 31,000,000 5 $ 369,000
Citifinancial Services Inc
300 ST PAUL PLACE
BALTIMORE, MD 21202
* $ 1,494,037,000,000 5 $ 347,000
Ally Bank F/K/A/ Gmac Bank
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 32,882,574,000 5 $ 607,000
US Bank North Dakota
777 EAST WISCONSIN AVE
MILWAUKEE, WI 53202
* $ 4,858,594,000 5 $ 295,000
Citimortgage, Inc
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 1,019,497,000,000 4 $ 660,000
Alliance Bank
105 EAST LYON AVE
LAKE CITY, MN 55041
* $ 714,662,000 4 $ 354,000
Freedom Mortgage Corp.
10500 KINCAID DR. STE. 300
FISHERS, IN 46037
* $ 10,000,000 4 $ 464,000
Affinity Plus Federal Credit Union
175 WEST LAFAYETTE FRONTAGE ROAD
SAINT PAUL, MN 55107
* $ 1,330,928,000 3 $ 243,000
Flagstar Bank
5151 CORPORATE DR
TROY, MI 48098
* $ 14,157,838,000 3 $ 384,000
Citicorp Trust Bank, FSB
601 LEXINGTON AVENUE, 20TH FLOOR
NEW YORK, NY 10022
* $ 21,270,147,000 3 $ 266,000
Fifth Third Mortgage Company
5001 KINGSLEY DRIVE MD 1MOB2W
CINCINNATI, OH 45227
* $ 69,459,606,000 3 $ 463,000
Valley Bank
320 E MAIN ST
WATERVILLE, MN 56096
* $ 217,344,000 3 $ 195,000
Wells Fargo Funding, Inc
100 N MAIN STREEET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 25,457,000 3 $ 307,000
Tcf National Bank
2508 LOUISE AVE S (002-01-P)
SIOUX FALLS, SD 57106
* $ 16,703,060,000 3 $ 269,000
Minnstar Bank National Association
P.O. BOX 270
LAKE CRYSTAL, MN 56055
* $ 102,435,000 3 $ 179,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 140,777,455,000 2 $ 371,000
Bankmortgagesolutions LLC
14425 COLLEGE BLVD SUITE 100
LENEXA, KS 66215
* $ 11,000,000 2 $ 158,000
Beneficial Company LLC
26525 NORTH RIVERWOODS BLVD.
METTAWA, IL 60045
* $ 4,017,643,000 2 $ 207,000
Equifirst Corporation
13000 S TRYON ST, STE F, PMB 317
CHARLOTTE, NC 28278
* $ 279,777,049,000 2 $ 212,000
Roundbank
200 SECOND STREET NE, PO BOX 667
WASECA, MN 56093
* $ 226,687,000 2 $ 163,000
First State Mortgage Services
502 N HERSHEY ROAD
BLOOMINGTON, IL 61704
* $ 327,995,000 2 $ 255,000
Midcountry Bank
2611 BLUE HERON DR.
MARION, IL 62959
* $ 967,308,000 2 $ 369,000
M&I Bank FSB
W57N14280 DOERR WAY
CEDARBURG, WI 53012
* $ 2,568,044,000 2 $ 207,000
Marine Credit Union
811 MONITOR STREET
LA CROSSE, WI 54601
* $ 364,942,000 2 $ 569,000
Iowa Bankers Mortgage Corporat
8800 NW 62ND AVE PO BOX 6220
JOHNSTON, IA 50131
* $ 10,000,000 2 $ 292,000
Highgrove Community Federal CU
1804 7TH STREET W
ST PAUL, MN 55116
* $ 38,764,000 2 $ 50,000
Summit Mortgage Corporation
13355 10TH AVE N, #100
PLYMOUTH, MN 55441
* $ 10,000,000 2 $ 173,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ 31,000,000 2 $ 193,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ 10,000,000 2 $ 82,000
Lendsource Inc
12701 WHITEWATER DR STE 340
MINNETONKA, MN 55343
* $ 10,000,000 2 $ 316,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ 4,088,336,000 2 $ 182,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ 8,994,122,000 1 $ 50,000
Reliance First Capital, LLC
201 OLD COUNTRY ROAD SUITE 205
MELVILLE, NY 11747
* $ 100,000,000 1 $ 128,000
Primary Residential Mortgage
4750 W WILEY POST WAY SUITE 200
SALT LAKE CITY, UT 84116
* $ 10,000,000 1 $ 195,000
Marketplace Home Mortgage, LLC
7380 FRANCE AVE S, STE 200
EDINA, MN 55435
* $ 11,000,000 1 $ 103,000
Tradition Mortgage, LLC
16995 BRANDTJEN FARM DRIVE SUTE 300
LAKEVILLE, MN 55044
* $ 10,000,000 1 $ 49,000
Inlanta Mortgage, Inc.
W239 N3490 PEWAUKEE ROAD, STE.200
PEWAUKEE, WI 53072
* $ 39,000,000 1 $ 71,000
Franklin American Mortgage Co
501 CORPORATE CENTRE DRIVE, SUITE 400
FRANKLIN, TN 37067
* $ 10,000,000 1 $ 94,000
Nationwide Advantage Mortgage
1100 LOCUST ST
DES MOINES, IA 50391
* $ 31,000,000 1 $ 101,000
Shore Mortgage
770 S. ADAMS ROAD #300
BIRMINGHAM, MI 48009
* $ 10,000,000 1 $ 203,000
Taylor, Bean & Whitaker
315 NE 14TH STREET
OCALA, FL 34470
* $ 10,000,000 1 $ 275,000
Credit Human Federal Credit Un
6061 IH 10 WEST
SAN ANTONIO, TX 78215
* $ 2,677,931,000 1 $ 36,000
Aim Credit Union
1200 ASSOCIATES DR STE 102
DUBUQUE, IA 52002
* $ 68,935,000 1 $ 102,000
State Farm Bank
1 STATE FARM PLAZA
BLOOMINGTON, IL 61710
* $ 16,669,297,000 1 $ 26,000
Thrivent Financial Bank
122 EAST COLLEGE AVE., SUITE 1E
APPLETON, WI 54911
* $ 542,847,000 1 $ 116,000
Everbank
8100 NATIONS WAY
JACKSONVILLE, FL 32256
* $ 7,047,356,000 1 $ 92,000
Ing Bank, FSB
1 SOUTH ORANGE STREET
WILMINGTON, DE 19801
* $ 82,416,721,000 1 $ 40,000
Ameriprise Bank, FSB
707 2ND AVENUE SOUTH
MINNEAPOLIS, MN 55474
* $ 1,476,384,000 1 $ 92,000
Residential Finance Corp.
401 N. FRONT STREET, SUITE 300
COLUMBUS, OH 43215
* $ 17,533,484,000 1 $ 105,000
Everett Financial Inc.
14801 QUORUM DR SUITE 300
DALLAS, TX 75254
* $ 3,642,000 1 $ 243,000
Home Loan Center
163 TECHNOLOGY DRIVE
IRVINE, CA 92618
* $ 10,000,000 1 $ 101,000
Qr Lending Inc
555 ZOR SHRINE PLACE
MADISON, WI 53719
* $ 1,093,327,000 1 $ 135,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 32,584,979,000 1 $ 100,000
American Bank
9001 EDMONSTON ROAD, SUITE 100
GREENBELT, MD 20770
* $ 529,592,000 1 $ 121,000
Home Federal Savings Bank
1016 CIVIC CENTER DR NW
ROCHESTER, MN 55901
* $ 1,144,967,000 1 $ 45,000
The Business Bank
11100 WAYZATA BLVD SUITE 150
MINNETONKA, MN 55305
* $ 144,489,000 1 $ 150,000
New York Community Bank
1 JERICHO PLAZA
JERICHO, NY 11753
* $ 30,307,736,000 1 $ 322,000
Progrowth Bank
703 3RD STREET, PO BOX 77
NICOLLET, MN 56074
* $ 146,496,000 1 $ 20,000
The Riverbank
26777 FALLBROCK AVE PO BOX 97
WYOMING, MN 55092
* $ 491,442,000 1 $ 66,000
Hfc Company LLC
26525 NORTH RIVERWOODS BLVD.
METTAWA, IL 60045
* $ 15,000,000 1 $ 48,000
Suntrust Mortgage, Inc
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ 185,098,787,000 1 $ 49,000
PNC Reverse Mortgage, LLC
100 N MAIN STREET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 25,000,000 1 $ 200,000
Metlife Bank, N.A.
334 MADISON AVENUE
CONVENT STATION, NJ 07961
* $ 10,273,647,000 1 $ 100,000
F & M Community Bank, N.A.
PO BOX 467
PRESTON, MN 55965
* $ 88,674,000 1 $ 123,000
First National Bank of Omaha
1620 DODGE STREET
OMAHA, NE 68197
* $ 9,901,044,000 1 $ 12,000
First National Bank of America
241 EAST SAGINAW
EAST LANSING, MI 48823
* $ 409,625,000 1 $ 10,000

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

Mortgage Loan Application Detail Totals for Faribault County, MN 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 332 $37,658,000 $113,000 $495,000 $57,000 $855,000
Home Purchase 135 $12,009,000 $88,000 $300,000 $50,000 $235,000
Home Improvement 29 $1,290,000 $44,000 $128,000 $38,000 $122,000

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 440 $46,166,000 $104,000 $495,000 $55,000 $855,000
Not Provided 26 $2,289,000 $88,000 $323,000 $63,000 $298,000
Not applicable 23 $2,175,000 $94,000 $243,000 $29,000 $120,000
Hispanic 5 $162,000 $32,000 $59,000 $29,000 $47,000
American Indian or Alaskan Native 2 $165,000 $82,000 $102,000 $43,000 $66,000
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 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) 373 $38,265,000 $102,000 $495,000 $60,000 $855,000
FHA-insured (Federal Housing Administration) 105 $11,354,000 $108,000 $266,000 $38,000 $125,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 10 $704,000 $70,000 $135,000 $27,000 $56,000
VA-guaranteed (Veterans Administration) 8 $634,000 $79,000 $100,000 $11,000 $58,000

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 263 $27,964,000 $106,000 $495,000 $62,000 $855,000
Application Denied By Financial Institution 102 $9,745,000 $95,000 $416,000 $45,000 $298,000
Application Withdrawn By Applicant 59 $6,251,000 $105,000 $357,000 $55,000 $235,000
Loan Purchased By The Institution 45 $4,772,000 $106,000 $266,000 $33,000 $120,000
Application Approved But Not Accepted 14 $1,208,000 $86,000 $300,000 $40,000 $117,000
File Closed For Incompleteness 13 $1,017,000 $78,000 $135,000 $42,000 $130,000
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 30 $1,617,000 $53,000 $120,000 $32,000 $66,000
Debt-To-Income Ratio 22 $2,558,000 $116,000 $280,000 $41,000 $77,000
Collateral 15 $2,192,000 $146,000 $416,000 $89,000 $298,000
Other 6 $399,000 $66,000 $128,000 $27,000 $50,000
Unverifiable Information 1 $128,000 $128,000 $128,000 $10,000 $10,000
Employment History 1 $128,000 $128,000 $128,000 $34,000 $34,000
Mortgage Insurance Denied 1 $165,000 $165,000 $165,000 $50,000 $50,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

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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