Faribault County, MN Mortgage Lenders & HMDA Data, 2011

In 2011, lenders reported 368 mortgage applications in Faribault County, MN totaling $34.2 million, down 21% from 2010. The average application was for $93,000, and applicants reported an average income of $57,000. 51% of applications resulted in an originated loan and 23% were denied. The most active lender was Wells Federal Bank, with 114 applications, followed by Wells Fargo Bank NA and Compeer Financial.

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Total Number of Mortgage Applications 368
Total Mortgage Loan Application Amount $34,241,000
Average Mortgage Loan Application Amount $93,000
Highest Mortgage Loan Application Amount $392,000
Average Applicant Income $57,000
Highest Applicant Income $351,000

Mortgage Company List for Lending in Faribault County, MN for 2011

* 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 Federal Bank
53 1ST ST SW
WELLS, MN 56097
* $ 238,403,000 114 $ 10,696,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,104,833,000,000 69 $ 5,028,000
Compeer Financial
2600 JENNY WREN TRAIL
SUN PRAIRIE, WI 53590
* $ 10,000,000 32 $ 4,271,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 310,099,589,000 12 $ 1,749,000
Pioneer Bank
320 STADIUM ROAD SUITE 100
MANKATO, MN 56001
* $ 265,903,000 11 $ 271,000
Community Bank Mankato
300 ST ANDREWS DR
VERNON CENTER, MN 56090
* $ 174,233,000 8 $ 774,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ 10,000,000 8 $ 637,000
US Bk NA Nd
4325 17TH AVENUE, S.W.
FARGO, ND 58103
* $ 5,955,059,000 8 $ 406,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,791,060,000,000 6 $ 628,000
Citizens Community Federal
2174 EASTRIDGE CENTER
EAU CLAIRE, WI 54701
* $ 580,338,000 5 $ 219,000
Fifth Third Mortgage Company
5001 KINGSLEY DRIVE MD 1MOB2W
CINCINNATI, OH 45227
* $ 108,971,662,000 4 $ 406,000
Affinity Plus Federal Credit Union
175 WEST LAFAYETTE FRONTAGE ROAD
SAINT PAUL, MN 55107
* $ 1,303,401,000 4 $ 372,000
Ally Bank
2101 REXFORD ROAD, SUITE 350W
CHARLOTTE, NC 28211
* $ 77,423,723,000 4 $ 562,000
M&I Bank FSB
W57N14280 DOERR WAY
CEDARBURG, WI 53012
* $ 1,311,970,000 3 $ 287,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,454,050,584,000 3 $ 253,000
Reunion Mortgage, Inc
860 HILLVIEW COURT #300
MILPITAS, CA 95035
* $ 10,000,000 3 $ 385,000
Flagstar Bank NA

TROY, MI 49098
* $ 12,648,357,000 3 $ 391,000
Home Federal Savings Bank
1016 CIVIC CENTER DR NW
ROCHESTER, MN 55901
* $ 880,740,000 3 $ 250,000
Bell Bank
3100 13TH AVE S
FARGO, ND 58103
* $ 2,071,664,000 3 $ 204,000
First State Mortgage Services
502 N HERSHEY ROAD
BLOOMINGTON, IL 61704
* $ 327,995,000 3 $ 262,000
Hiway Credit Union
111 EMPIRE DRIVE
SAINT PAUL, MN 55103
* $ 828,468,000 3 $ 146,000
Frandsen Bank & Trust
116 CENTRAL STREET WEST
LONSDALE, MN 55046
* $ 997,127,000 3 $ 292,000
St. Clair State Bank
100 WEST MAIN STREET PO BOX 39
ST. CLAIR, MN 56080
* $ 68,383,000 2 $ 101,000
Roundbank
200 SECOND STREET NE, PO BOX 667
WASECA, MN 56093
* $ 312,592,000 2 $ 76,000
Citizens Bank Minnesota
105 NORTH MINNESOTA STREET
NEW ULM, MN 56073
* $ 298,059,000 2 $ 176,000
United Prairie Bank
10 FIRESTONE DRIVE, SUITE 300
MANKATO, MN 56001
* $ 524,727,000 2 $ 67,000
Colonial Savings
P O BOX 2988
FORT WORTH, TX 76102
* $ 1,054,163,000 2 $ 307,000
Clearpoint Funding, Inc.
4 TECHNOLOGY DRIVE, SUITE 200
WESTBOROUGH, MA 01581
* $ 10,000,000 2 $ 200,000
American Equity Mortgage, Inc.
11933 WESTLINE INDUSTRIAL DRIVE
SAINT LOUIS, MO 63146
* $ 10,000,000 2 $ 346,000
Iowa Bankers Mortgage Corporation
8800 NW 62ND AVE
JOHNSTON, IA 50131
* $ 10,000,000 2 $ 253,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ 4,088,336,000 2 $ 176,000
Mortgage Investors Corp
6090 CENTRAL AVE
ST. PETERSBURG, FL 33707
* $ 10,000,000 2 $ 223,000
Summit Mortgage Corporation
13355 10TH AVE N, SUITE 100
PLYMOUTH, MN 55442
* $ 10,000,000 2 $ 528,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 48,783,813,000 2 $ 265,000
Gmac Mortgage, LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 31,000,000 2 $ 319,000
Onemain Financial Servi
300 ST. PAUL PLACE
BALTIMORE, MD 21202
* $ 0 2 $ 118,000
Citimortgage, Inc.
1 COURT SQUARE, 43RD FLOOR
LONG ISLAND CITY, NY 11120
* $ 1,019,497,000,000 1 $ 153,000
M&I Marshall & Ilsley Bank
W57N14280 DOERR WAY
CEDARBURG, WI 53012
* $ 44,975,270,000 1 $ 160,000
First Farmers & Merchants National Bank
114 SOUTH PARK STREET
FAIRMONT, MN 56031
* $ 84,344,000 1 $ 61,000
Midcountry Bank
7825 WASHINGTON AVE. S., STE. 120
BLOOMINGTON, MN 55439
* $ 727,106,000 1 $ 137,000
First National Bank of Omaha
1620 DODGE STREET
OMAHA, NE 68197
* $ 12,658,976,000 1 $ 60,000
Envoy Mortgage, Ltd
10496 KATY FWY STE 250
HOUSTON, TX 77024
* $ 10,000,000 1 $ 83,000
Citibank, NA

NEW YORK, NY 10012
* $ 1,216,291,000,000 1 $ 107,000
Rescue Mortgage Inc
10740 LYNDALE AVE S, SUITE 19E
BLOOMINGTON, MN 55420
* $ 1,507,000 1 $ 87,000
Marketplace Home Mortgage, LLC
7380 FRANCE AVE S, STE 200
EDINA, MN 55435
* $ 11,000,000 1 $ 154,000
Consumer Loan Services, LLC
811 MONITOR STREET
LA CROSSE, WI 54603
* $ 10,000,000 1 $ 99,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ 31,000,000 1 $ 19,000
Home Loan Center, Inc.
11115 RUSHMORE DRIVE
CHARLOTTE, NC 28277
* $ 10,000,000 1 $ 183,000
Mid-Island Mortgage Corp.
900 MERCHANTS CONCOURSE, SUITE #112
WESTBURY, NY 11590
* $ 10,000,000 1 $ 39,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ 10,000,000 1 $ 82,000
Qr Lending Inc
555 ZOR SHRINE PLACE
MADISON, WI 53719
* $ 1,093,327,000 1 $ 144,000
United Fidelity Funding Corp.
1300 NW BRIARCLIFF PKWY SUITE 275
JEFFERSON CITY, MO 64150
* $ 1,000,000,000 1 $ 95,000
Provident Funding Associates
1235 NORTH DUTTON AVE STE E
SANTA ROSA, CA 95401
* $ 10,000,000 1 $ 173,000
Tcf National Bank
2508 LOUISE AVE S (PCC-2E-L)
SIOUX FALLS, SD 57106
* $ 18,734,814,000 1 $ 28,000
E*Trade Bank
671 NORTH GLEBE ROAD, 12TH FLOOR
ARLINGTON, VA 22203
* $ 44,883,561,000 1 $ 150,000
Admirals Bank
15 PARK ROW WEST
PROVIDENCE, RI 02903
* $ 341,542,000 1 $ 8,000
Wells Fargo Funding, Inc
100 N MAIN STREEET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 25,457,000 1 $ 137,000
Lake Area Bank
12790 FIRST AVE N - PO BOX 743
LINDSTROM, MN 55045
* $ 283,889,000 1 $ 33,000

The tables below break down 2011 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 2011

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 212 $21,213,000 $100,000 $368,000 $63,000 $351,000
Home Purchase 125 $12,231,000 $97,000 $392,000 $49,000 $210,000
Home Improvement 31 $797,000 $25,000 $145,000 $53,000 $129,000

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 332 $30,631,000 $92,000 $392,000 $61,000 $351,000
Not applicable 19 $1,707,000 $89,000 $160,000 $5,000 $76,000
Not Provided 11 $1,380,000 $125,000 $368,000 $55,000 $142,000
Hispanic 5 $498,000 $99,000 $245,000 $55,000 $150,000
Asian 1 $25,000 $25,000 $25,000 $19,000 $19,000
Black or African American 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 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) 276 $26,299,000 $95,000 $392,000 $65,000 $351,000
FHA-insured (Federal Housing Administration) 55 $4,765,000 $86,000 $274,000 $39,000 $180,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 26 $1,963,000 $75,000 $171,000 $25,000 $77,000
VA-guaranteed (Veterans Administration) 11 $1,214,000 $110,000 $150,000 $45,000 $109,000

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 188 $17,452,000 $92,000 $392,000 $63,000 $351,000
Application Denied By Financial Institution 86 $6,623,000 $77,000 $263,000 $50,000 $274,000
Application Withdrawn By Applicant 50 $5,851,000 $117,000 $380,000 $61,000 $224,000
Loan Purchased By The Institution 24 $2,274,000 $94,000 $165,000 $21,000 $127,000
Application Approved But Not Accepted 12 $1,177,000 $98,000 $232,000 $75,000 $265,000
File Closed For Incompleteness 8 $864,000 $108,000 $183,000 $51,000 $120,000
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 25 $1,055,000 $42,000 $114,000 $39,000 $129,000
Debt-To-Income Ratio 15 $1,813,000 $120,000 $263,000 $60,000 $274,000
Collateral 15 $1,220,000 $81,000 $150,000 $57,000 $110,000
Other 11 $654,000 $59,000 $118,000 $70,000 $142,000
Mortgage Insurance Denied 3 $229,000 $76,000 $129,000 $61,000 $133,000
Credit Application Incomplete 3 $412,000 $137,000 $209,000 $36,000 $84,000
Insufficient Cash (Downpayment, Closing Cost) 1 $156,000 $156,000 $156,000 $73,000 $73,000
Unverifiable Information 1 $19,000 $19,000 $19,000 $19,000 $19,000
Employment History 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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