Affiliated Mortgage Company Mortgage Lending & HMDA Data, 2013

In 2013, Affiliated Mortgage Company of Plano, TX reported 7,811 mortgage applications totaling $1.6 billion, down 47% from 2012. The average application was for $200,588, and applicants reported an average income of $98,425. 34% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (658), Austin-Round Rock-San Marcos, TX (516) and Dallas-Plano-Irving, TX (423) (applications in parentheses).

Mortgage Company & Address Affiliated Mortgage Company
5700 Legacy Drive Ste 10
Plano, TX 75024
Tel #: available with data download
Federal Regulator * available with data download
Years 2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 7,811
Total Mortgage Loan Application Amount $1,566,795,000
Average Mortgage Loan Application Amount $200,588
Highest Mortgage Loan Application Amount $2,000,000
Average Applicant Income $98,425
Highest Applicant Income $3,992,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Affiliated Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Affiliated Mortgage Company in 2013

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 5,030 $1,001,031,000 $199,000 $1,500,000 $93,000 $3,794,000
Refinancing 2,769 $561,206,000 $202,000 $2,000,000 $108,000 $3,992,000
Home Improvement 12 $4,558,000 $379,000 $1,050,000 $163,000 $507,000

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 6,049 $1,232,197,000 $203,000 $2,000,000 $104,000 $3,992,000
Hispanic 778 $143,025,000 $183,000 $634,000 $70,000 $595,000
Black or African American 531 $90,959,000 $171,000 $1,350,000 $66,000 $600,000
Asian 311 $72,045,000 $231,000 $660,000 $107,000 $869,000
Not Provided 110 $22,192,000 $201,000 $495,000 $106,000 $1,558,000
Native Hawaiian or Other Pacific Islander 20 $4,626,000 $231,000 $374,000 $105,000 $287,000
American Indian or Alaskan Native 12 $1,751,000 $145,000 $338,000 $76,000 $189,000
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) 4,902 $1,049,203,000 $214,000 $2,000,000 $118,000 $3,992,000
FHA-insured (Federal Housing Administration) 2,169 $372,410,000 $171,000 $584,000 $67,000 $546,000
VA-guaranteed (Veterans Administration) 606 $126,388,000 $208,000 $636,000 $69,000 $550,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 134 $18,794,000 $140,000 $266,000 $47,000 $95,000

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 Purchased By The Institution 4,418 $829,256,000 $187,000 $584,000 $82,000 $3,992,000
Loan Originated 2,618 $585,375,000 $223,000 $2,000,000 $123,000 $3,794,000
Application Withdrawn By Applicant 276 $56,209,000 $203,000 $983,000 $112,000 $971,000
Application Denied By Financial Institution 217 $39,286,000 $181,000 $445,000 $100,000 $815,000
File Closed For Incompleteness 188 $37,929,000 $201,000 $555,000 $109,000 $921,000
Application Approved But Not Accepted 94 $18,740,000 $199,000 $742,000 $155,000 $3,500,000
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
Collateral 102 $19,436,000 $190,000 $445,000 $104,000 $391,000
Debt-To-Income Ratio 47 $8,567,000 $182,000 $417,000 $72,000 $336,000
Other 33 $5,206,000 $157,000 $400,000 $120,000 $364,000
Credit History 21 $3,474,000 $165,000 $325,000 $139,000 $815,000
Employment History 8 $1,130,000 $141,000 $274,000 $50,000 $74,000
Insufficient Cash (Downpayment, Closing Cost) 3 $695,000 $231,000 $295,000 $68,000 $72,000
Credit Application Incomplete 2 $361,000 $180,000 $229,000 $48,000 $56,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Affiliated Mortgage Company's 2013 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 Affiliated Mortgage Company'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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