Aaa Worldwide Financial Co. Mortgage Lending & HMDA Data, 2008
In 2008, Aaa Worldwide Financial Co. of Addison, TX reported 1,002 mortgage applications totaling $132.6 million, down 57% from 2007. The average application was for $132,373, and applicants reported an average income of $53,164. 13% of its applications resulted in an originated loan and 26% were denied. Its largest markets were Dallas-Plano-Irving, TX (57), Fort Worth-Arlington, TX (43) and Houston-Sugar Land-Baytown, TX (21) (applications in parentheses).
| Mortgage Company & Address | Aaa Worldwide Financial Co. 5057 Keller Springs Rd, Ste 300 Addison, TX 75001 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 |
| Total Number of Mortgage Applications | 1,002 |
| Total Mortgage Loan Application Amount | $132,638,000 |
| Average Mortgage Loan Application Amount | $132,373 |
| Highest Mortgage Loan Application Amount | $620,000 |
| Average Applicant Income | $53,164 |
| Highest Applicant Income | $250,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Aaa Worldwide Financial Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dallas-Plano-Irving, TX | 57 | $ 7,539,000 | $ 132,263 | $ 52,000 |
| Fort Worth-Arlington, TX | 43 | $ 5,584,000 | $ 129,860 | $ 49,000 |
| Houston-Sugar Land-Baytown, TX | 21 | $ 2,733,000 | $ 130,142 | $ 59,000 |
| Little Rock-North Little Rock-Conway, AR | 9 | $ 1,078,000 | $ 119,777 | $ 36,000 |
| Austin-Round Rock, TX | 4 | $ 603,000 | $ 150,750 | $ 78,000 |
| Chicago-Naperville-Joliet, IL | 4 | $ 1,057,000 | $ 264,250 | $ 87,000 |
| Mobile, AL | 4 | $ 517,000 | $ 129,250 | $ 40,000 |
| Baton Rouge, LA | 3 | $ 529,000 | $ 176,333 | $ 61,000 |
| Birmingham-Hoover, AL | 3 | $ 389,000 | $ 129,666 | $ 53,000 |
| Charlotte-Gastonia-Concord, NC-SC | 3 | $ 420,000 | $ 140,000 | $ 93,000 |
| Columbia, SC | 3 | $ 331,000 | $ 110,333 | $ 42,000 |
| Greensboro-High Point, NC | 3 | $ 392,000 | $ 130,666 | $ 52,000 |
| New Orleans-Metairie-Kenner, LA | 3 | $ 319,000 | $ 106,333 | $ 45,000 |
| Shreveport-Bossier City, LA | 3 | $ 432,000 | $ 144,000 | $ 74,000 |
| Texarkana, Tx-Texarkana, AR | 3 | $ 290,000 | $ 96,666 | $ 46,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 2 | $ 357,000 | $ 178,500 | $ 56,000 |
| Gulfport-Biloxi, MS | 2 | $ 275,000 | $ 137,500 | $ 62,000 |
| Jacksonville, FL | 2 | $ 245,000 | $ 122,500 | $ 46,000 |
| Longview, TX | 2 | $ 284,000 | $ 142,000 | $ 91,000 |
| Pascagoula, MS | 2 | $ 239,000 | $ 119,500 | $ 65,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 507,000 | $ 253,500 | $ 66,000 |
| San Antonio, TX | 2 | $ 202,000 | $ 101,000 | $ 56,000 |
| Sherman-Denison, TX | 2 | $ 260,000 | $ 130,000 | $ 64,000 |
| Tulsa, OK | 2 | $ 302,000 | $ 151,000 | $ 65,000 |
| Abilene, TX | 1 | $ 149,000 | $ 149,000 | $ 68,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 81,000 | $ 81,000 | $ 24,000 |
| Bowling Green, KY | 1 | $ 101,000 | $ 101,000 | $ 38,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 128,000 | $ 128,000 | $ 44,000 |
| College Station-Bryan, TX | 1 | $ 110,000 | $ 110,000 | $ 46,000 |
| El Paso, TX | 1 | $ 198,000 | $ 198,000 | $ 58,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 87,000 | $ 87,000 | $ 39,000 |
| Houma-Bayou Cane-Thibodaux, LA | 1 | $ 147,000 | $ 147,000 | $ 65,000 |
| Kansas City, MO-KS | 1 | $ 162,000 | $ 162,000 | $ 46,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 104,000 | $ 104,000 | $ 47,000 |
| Lubbock, TX | 1 | $ 170,000 | $ 170,000 | $ 94,000 |
| Monroe, LA | 1 | $ 132,000 | $ 132,000 | $ 56,000 |
| Montgomery, AL | 1 | $ 98,000 | $ 98,000 | $ 45,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 214,000 | $ 214,000 | $ 60,000 |
| Niles-Benton Harbor, MI | 1 | $ 182,000 | $ 182,000 | $ 112,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 131,000 | $ 131,000 | $ 80,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 194,000 | $ 194,000 | $ 44,000 |
| Tyler, TX | 1 | $ 95,000 | $ 95,000 | $ 62,000 |
Mortgage Loan Application Detail Totals for Aaa Worldwide Financial Co. in 2008
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 | 681 | $83,789,000 | $123,000 | $407,000 | $49,000 | $211,000 |
| Refinancing | 321 | $48,849,000 | $152,000 | $620,000 | $62,000 | $250,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 489 | $65,577,000 | $134,000 | $620,000 | $56,000 | $172,000 |
| Not Provided | 264 | $34,536,000 | $130,000 | $434,000 | $51,000 | $250,000 |
| Hispanic | 135 | $16,637,000 | $123,000 | $271,000 | $50,000 | $133,000 |
| Black or African American | 102 | $13,962,000 | $136,000 | $519,000 | $52,000 | $174,000 |
| Asian | 8 | $1,447,000 | $180,000 | $296,000 | $65,000 | $116,000 |
| American Indian or Alaskan Native | 3 | $372,000 | $124,000 | $128,000 | $52,000 | $62,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $107,000 | $107,000 | $107,000 | $46,000 | $46,000 |
| Not applicable | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 824 | $104,830,000 | $127,000 | $340,000 | $51,000 | $156,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 173 | $26,986,000 | $155,000 | $620,000 | $63,000 | $250,000 |
| VA-guaranteed (Veterans Administration) | 5 | $822,000 | $164,000 | $203,000 | $73,000 | $120,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 607 | $83,142,000 | $136,000 | $620,000 | $56,000 | $250,000 |
| Application Denied By Financial Institution | 262 | $31,576,000 | $120,000 | $326,000 | $46,000 | $159,000 |
| Loan Originated | 129 | $17,297,000 | $134,000 | $362,000 | $56,000 | $120,000 |
| File Closed For Incompleteness | 3 | $464,000 | $154,000 | $196,000 | $69,000 | $120,000 |
| Application Approved But Not Accepted | 1 | $159,000 | $159,000 | $159,000 | $83,000 | $83,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 182 | $20,988,000 | $115,000 | $271,000 | $43,000 | $159,000 |
| Credit History | 56 | $7,841,000 | $140,000 | $326,000 | $54,000 | $146,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $1,797,000 | $119,000 | $203,000 | $53,000 | $101,000 |
| Credit Application Incomplete | 5 | $628,000 | $125,000 | $143,000 | $46,000 | $59,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Aaa Worldwide Financial Co.'s 2008 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Aaa Worldwide Financial Co.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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