Jefferson Parish, LA Mortgage Lenders & HMDA Data, 2009

In 2009, lenders reported 20,500 mortgage applications in Jefferson Parish, LA totaling $3.2 billion, up 3% from 2008. The average application was for $157,000, and applicants reported an average income of $78,000. 42% of applications resulted in an originated loan and 19% were denied. The most active lender was Bank of America, N.A., with 1,870 applications, followed by JPMorgan Chase Bank, NA and Wells Fargo Funding, Inc.

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Total Number of Mortgage Applications 20,500
Total Mortgage Loan Application Amount $3,236,141,000
Average Mortgage Loan Application Amount $157,000
Highest Mortgage Loan Application Amount $15,891,000
Average Applicant Income $78,000
Highest Applicant Income $5,700,000
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Top Mortgage Lenders in Jefferson Parish, LA (2009)

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

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Bank of America, N.A.
Calabasas, CA
1,870 $294,406,000 $157,000 $73,000
2 JPMorgan Chase Bank, NA
Columbus, OH
1,324 $223,262,000 $168,000 $93,000
3 Wells Fargo Funding, Inc
Winston-Salem, NC
1,285 $228,246,000 $177,000 $79,000
4 Wells Fargo Bank, NA
Des Moines, IA
1,277 $213,600,000 $167,000 $77,000
5 Capital One NA
Baton Rouge, LA
1,057 $67,490,000 $63,000 $82,000
6 Standard Mortgage Corporation
New Orleans, LA
907 $144,055,000 $158,000 $74,000
7 Whitney National Bank
Jefferson, LA
810 $132,280,000 $163,000 $102,000
8 Regions Bank
Birmingham, AL
696 $110,749,000 $159,000 $92,000
9 Countrywide Bank FSB
Westlake Village, CA
605 $94,837,000 $156,000 $71,000
10 Gulf Coast Bank and Trust
New Orleans, LA
565 $106,515,000 $188,000 $80,000

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

The tables below break down 2009 mortgage applications in Jefferson 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 Jefferson 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 13,060 $2,174,968,000 $166,000 $3,500,000 $82,000 $3,408,000
Home Purchase 5,900 $972,348,000 $164,000 $15,891,000 $73,000 $5,700,000
Home Improvement 1,540 $88,825,000 $57,000 $8,950,000 $68,000 $816,000

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 12,332 $2,035,493,000 $165,000 $2,200,000 $89,000 $3,408,000
Black or African American 2,834 $363,110,000 $128,000 $750,000 $56,000 $1,000,000
Not Provided 1,740 $257,284,000 $147,000 $3,500,000 $82,000 $3,188,000
Not applicable 1,579 $276,414,000 $175,000 $15,891,000 $49,000 $5,700,000
Hispanic 1,291 $183,964,000 $142,000 $870,000 $61,000 $795,000
Asian 614 $104,311,000 $169,000 $1,213,000 $79,000 $816,000
American Indian or Alaskan Native 68 $9,116,000 $134,000 $315,000 $75,000 $262,000
Native Hawaiian or Other Pacific Islander 42 $6,449,000 $153,000 $380,000 $79,000 $850,000

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) 13,813 $2,201,921,000 $159,000 $15,891,000 $91,000 $5,700,000
FHA-insured (Federal Housing Administration) 6,025 $915,938,000 $152,000 $3,500,000 $53,000 $1,333,000
VA-guaranteed (Veterans Administration) 615 $111,594,000 $181,000 $735,000 $43,000 $357,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 47 $6,688,000 $142,000 $285,000 $40,000 $108,000

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 8,644 $1,424,708,000 $164,000 $15,891,000 $84,000 $3,408,000
Loan Purchased By The Institution 4,457 $726,354,000 $162,000 $1,811,000 $70,000 $5,700,000
Application Denied By Financial Institution 3,959 $534,729,000 $135,000 $1,650,000 $71,000 $2,795,000
Application Withdrawn By Applicant 1,945 $322,222,000 $165,000 $3,500,000 $84,000 $3,188,000
Application Approved But Not Accepted 872 $132,356,000 $151,000 $1,196,000 $90,000 $2,200,000
File Closed For Incompleteness 623 $95,772,000 $153,000 $1,400,000 $76,000 $2,860,000
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 1,059 $97,237,000 $91,000 $1,188,000 $75,000 $2,795,000
Debt-To-Income Ratio 769 $109,990,000 $143,000 $1,330,000 $49,000 $357,000
Collateral 595 $104,655,000 $175,000 $1,650,000 $90,000 $763,000
Credit Application Incomplete 303 $50,553,000 $166,000 $863,000 $90,000 $720,000
Other 271 $39,393,000 $145,000 $750,000 $82,000 $1,284,000
Unverifiable Information 104 $14,772,000 $142,000 $650,000 $85,000 $975,000
Insufficient Cash (Downpayment, Closing Cost) 50 $9,422,000 $188,000 $581,000 $110,000 $1,236,000
Employment History 33 $4,484,000 $135,000 $413,000 $52,000 $148,000
Mortgage Insurance Denied 7 $1,298,000 $185,000 $318,000 $80,000 $186,000

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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