Fort Worth-Arlington, TX Metro Area Mortgage Lenders & HMDA Data, 2006

In 2006, lenders reported 205,734 mortgage applications in Fort Worth-Arlington, TX metro area totaling $23.0 billion, down 6% from 2005. The average application was for $111,950, and applicants reported an average income of $77,000. 40% of applications resulted in an originated loan and 18% were denied. The most active lender was Countrywide Home Loans, with 14,123 applications, followed by Wells Fargo Bank, NA and Bank of America, N.A..

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Total Number of Mortgage Applications 205,734
Total Mortgage Loan Application Amount $23,031,922,000
Average Mortgage Loan Application Amount $111,950
Highest Mortgage Loan Application Amount $55,765,000
Average Applicant Income $77,000
Highest Applicant Income $9,999,000
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Top Mortgage Lenders in Fort Worth-Arlington, TX Metro Area (2006)

Ranked by the number of mortgage applications each lender reported in Fort Worth-Arlington, TX metro area in 2006.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Countrywide Home Loans
Westlake Village, CA
14,123 $1,708,851,000 $120,000 $78,000
2 Wells Fargo Bank, NA
Des Moines, IA
8,530 $980,757,000 $114,000 $92,000
3 Bank of America, N.A.
Calabasas, CA
8,037 $895,962,000 $111,000 $78,000
4 JPMorgan Chase Bank, NA
Columbus, OH
7,095 $711,618,000 $100,000 $78,000
5 Citimortgage, Inc
New York, NY
6,336 $714,245,000 $112,000 $94,000
6 Wells Fargo Funding, Inc
Winston-Salem, NC
5,899 $801,826,000 $135,000 $73,000
7 Washington Mutual Bank
Albion, NY
5,838 $590,255,000 $101,000 $40,000
8 Nationstar Mortgage
Coppell, TX
5,483 $605,711,000 $110,000 $67,000
9 Countrywide Bank, N.A.
Pasadena, CA
4,496 $457,040,000 $101,000 $96,000
10 Beneficial Company LLC
Mettawa, IL
4,277 $312,086,000 $72,000 $65,000

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The tables below break down 2006 mortgage applications in Fort Worth-Arlington, TX metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Fort Worth-Arlington, TX 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 133,126 $15,138,614,000 $113,000 $55,765,000 $76,000 $9,544,000
Refinancing 58,337 $7,327,157,000 $125,000 $14,500,000 $78,000 $9,999,000
Home Improvement 14,271 $566,151,000 $39,000 $3,237,000 $81,000 $2,391,000

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 99,786 $11,615,489,000 $116,000 $3,950,000 $91,000 $9,999,000
Not Provided 28,935 $3,238,103,000 $111,000 $5,600,000 $81,000 $9,999,000
Hispanic 25,674 $2,223,084,000 $86,000 $2,925,000 $59,000 $6,237,000
Not applicable 25,143 $3,132,745,000 $124,000 $55,765,000 $37,000 $4,440,000
Black or African American 19,440 $2,047,279,000 $105,000 $4,317,000 $71,000 $2,400,000
Asian 5,415 $624,728,000 $115,000 $1,680,000 $89,000 $3,566,000
American Indian or Alaskan Native 735 $75,421,000 $102,000 $1,331,000 $78,000 $1,020,000
Native Hawaiian or Other Pacific Islander 606 $75,073,000 $123,000 $1,450,000 $79,000 $427,000

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) 185,204 $20,531,163,000 $110,000 $55,765,000 $80,000 $9,999,000
FHA-insured (Federal Housing Administration) 17,253 $2,004,190,000 $116,000 $700,000 $48,000 $924,000
VA-guaranteed (Veterans Administration) 3,238 $492,760,000 $152,000 $417,000 $58,000 $400,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 39 $3,809,000 $97,000 $186,000 $41,000 $564,000

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 83,055 $9,703,017,000 $116,000 $55,765,000 $89,000 $9,544,000
Loan Purchased By The Institution 45,372 $5,141,891,000 $113,000 $2,992,000 $53,000 $4,440,000
Application Denied By Financial Institution 37,632 $3,660,793,000 $97,000 $15,500,000 $76,000 $7,254,000
Application Withdrawn By Applicant 20,728 $2,432,328,000 $117,000 $5,900,000 $77,000 $9,999,000
Application Approved But Not Accepted 12,100 $1,267,750,000 $104,000 $15,600,000 $91,000 $9,999,000
File Closed For Incompleteness 6,640 $817,277,000 $123,000 $5,100,000 $78,000 $5,564,000
Preapproval Denied by Financial Institution 139 $6,266,000 $45,000 $589,000 $94,000 $1,104,000
Preapproval Approved but not Accepted 68 $2,600,000 $38,000 $104,000 $100,000 $432,000

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 8,702 $656,689,000 $75,000 $2,300,000 $70,000 $3,130,000
Other 6,488 $757,493,000 $116,000 $15,500,000 $84,000 $6,044,000
Collateral 3,712 $414,641,000 $111,000 $3,600,000 $102,000 $6,300,000
Debt-To-Income Ratio 2,821 $279,323,000 $99,000 $2,730,000 $59,000 $1,008,000
Credit Application Incomplete 2,306 $256,440,000 $111,000 $3,800,000 $90,000 $7,254,000
Unverifiable Information 1,423 $175,132,000 $123,000 $4,317,000 $86,000 $1,154,000
Insufficient Cash (Downpayment, Closing Cost) 371 $46,198,000 $124,000 $1,500,000 $90,000 $2,818,000
Employment History 357 $38,220,000 $107,000 $1,000,000 $72,000 $900,000
Mortgage Insurance Denied 6 $637,000 $106,000 $190,000 $60,000 $102,000

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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