American Airlines Federal Cred Mortgage Lending & HMDA Data, 2014

In 2014, American Airlines Federal Cred of Fort Worth, TX reported 3,070 mortgage applications totaling $494.9 million, down 4% from 2013. The average application was for $161,214, and applicants reported an average income of $104,177. 44% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Fort Worth-Arlington, TX (648), Dallas-Plano-Irving, TX (437) and Tulsa, OK (225) (applications in parentheses).

Mortgage Company & Address American Airlines Federal Cred
4151 Amon Carter Blvd
Fort Worth, TX 76155
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 3,070
Total Mortgage Loan Application Amount $494,930,000
Average Mortgage Loan Application Amount $161,214
Highest Mortgage Loan Application Amount $1,301,000
Average Applicant Income $104,177
Highest Applicant Income $1,228,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Airlines Federal Cred filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for American Airlines Federal Cred in 2014

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 1,560 $297,591,000 $190,000 $1,292,000 $106,000 $725,000
Refinancing 895 $155,416,000 $173,000 $1,301,000 $97,000 $1,228,000
Home Improvement 615 $41,923,000 $68,000 $965,000 $110,000 $740,000

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 1,572 $245,432,000 $156,000 $1,301,000 $107,000 $652,000
Not Provided 789 $143,826,000 $182,000 $1,100,000 $110,000 $1,228,000
Hispanic 315 $41,070,000 $130,000 $664,000 $82,000 $421,000
Black or African American 210 $29,647,000 $141,000 $566,000 $75,000 $458,000
Asian 138 $29,051,000 $210,000 $696,000 $132,000 $480,000
American Indian or Alaskan Native 29 $3,505,000 $120,000 $349,000 $89,000 $265,000
Native Hawaiian or Other Pacific Islander 17 $2,399,000 $141,000 $417,000 $111,000 $467,000
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
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 3,070 $494,930,000 $161,000 $1,301,000 $104,000 $1,228,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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
Loan Originated 1,363 $226,406,000 $166,000 $1,292,000 $115,000 $652,000
Application Withdrawn By Applicant 658 $127,251,000 $193,000 $1,301,000 $105,000 $1,228,000
Application Denied By Financial Institution 638 $71,710,000 $112,000 $839,000 $92,000 $740,000
Preapproval Denied by Financial Institution 241 $39,351,000 $163,000 $675,000 $66,000 $458,000
File Closed For Incompleteness 154 $27,057,000 $175,000 $623,000 $107,000 $1,095,000
Application Approved But Not Accepted 16 $3,155,000 $197,000 $800,000 $109,000 $350,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 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 Application Incomplete 317 $24,555,000 $77,000 $550,000 $107,000 $740,000
Debt-To-Income Ratio 226 $38,913,000 $172,000 $839,000 $63,000 $338,000
Credit History 118 $17,198,000 $145,000 $675,000 $90,000 $458,000
Insufficient Cash (Downpayment, Closing Cost) 98 $15,727,000 $160,000 $560,000 $59,000 $225,000
Collateral 61 $4,355,000 $71,000 $473,000 $92,000 $243,000
Other 42 $6,933,000 $165,000 $484,000 $74,000 $207,000
Mortgage Insurance Denied 11 $2,316,000 $210,000 $557,000 $76,000 $204,000
Unverifiable Information 3 $175,000 $58,000 $95,000 $89,000 $192,000
Employment History 3 $889,000 $296,000 $520,000 $95,000 $163,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into American Airlines Federal Cred's 2014 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 American Airlines Federal Cred'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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