Aaa Worldwide Financial Co. Mortgage Lending & HMDA Data, 2007
In 2007, Aaa Worldwide Financial Co. of Addison, TX reported 2,320 mortgage applications totaling $266.4 million. The average application was for $114,846, and applicants reported an average income of $46,627. 19% of its applications resulted in an originated loan and 48% were denied. Its largest markets were Dallas-Plano-Irving, TX (192), San Antonio, TX (115) and Houston-Sugar Land-Baytown, TX (75) (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 | 2,320 |
| Total Mortgage Loan Application Amount | $266,443,000 |
| Average Mortgage Loan Application Amount | $114,846 |
| Highest Mortgage Loan Application Amount | $599,000 |
| Average Applicant Income | $46,627 |
| Highest Applicant Income | $442,000 |
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records Aaa Worldwide Financial Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Aaa Worldwide Financial Co. in 2007
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 | 2,138 | $244,426,000 | $114,000 | $599,000 | $46,000 | $442,000 |
| Refinancing | 182 | $22,017,000 | $120,000 | $376,000 | $54,000 | $127,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 1,317 | $148,078,000 | $112,000 | $384,000 | $41,000 | $240,000 |
| White | 701 | $83,283,000 | $118,000 | $512,000 | $55,000 | $442,000 |
| Hispanic | 154 | $18,415,000 | $119,000 | $599,000 | $52,000 | $408,000 |
| Black or African American | 134 | $15,113,000 | $112,000 | $259,000 | $47,000 | $112,000 |
| American Indian or Alaskan Native | 6 | $649,000 | $108,000 | $115,000 | $31,000 | $51,000 |
| Asian | 5 | $548,000 | $109,000 | $207,000 | $48,000 | $69,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $357,000 | $119,000 | $203,000 | $81,000 | $90,000 |
| 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) | 1,883 | $212,061,000 | $112,000 | $243,000 | $46,000 | $262,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 429 | $53,343,000 | $124,000 | $599,000 | $48,000 | $442,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,039,000 | $129,000 | $217,000 | $56,000 | $76,000 |
| 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 Denied By Financial Institution | 1,116 | $125,188,000 | $112,000 | $599,000 | $41,000 | $408,000 |
| Application Withdrawn By Applicant | 687 | $79,158,000 | $115,000 | $295,000 | $50,000 | $240,000 |
| Loan Originated | 437 | $53,199,000 | $121,000 | $512,000 | $57,000 | $442,000 |
| File Closed For Incompleteness | 75 | $8,448,000 | $112,000 | $203,000 | $45,000 | $107,000 |
| Application Approved But Not Accepted | 3 | $268,000 | $89,000 | $98,000 | $37,000 | $54,000 |
| Preapproval Approved but not Accepted | 2 | $182,000 | $91,000 | $98,000 | $37,000 | $41,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 681 | $76,720,000 | $112,000 | $599,000 | $41,000 | $408,000 |
| Debt-To-Income Ratio | 49 | $5,046,000 | $102,000 | $167,000 | $32,000 | $96,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 47 | $4,851,000 | $103,000 | $184,000 | $33,000 | $82,000 |
| Credit Application Incomplete | 46 | $5,368,000 | $116,000 | $251,000 | $52,000 | $111,000 |
| Other | 24 | $2,703,000 | $112,000 | $155,000 | $49,000 | $101,000 |
| Unverifiable Information | 18 | $1,921,000 | $106,000 | $208,000 | $46,000 | $92,000 |
| Collateral | 7 | $993,000 | $141,000 | $320,000 | $41,000 | $90,000 |
| Employment History | 6 | $586,000 | $97,000 | $115,000 | $35,000 | $52,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Aaa Worldwide Financial Co.'s 2007 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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