Allied Home Mortgage Corp. Mortgage Lending & HMDA Data, 2003

In 2003, Allied Home Mortgage Corp. of Houston, TX reported 4,491 mortgage applications totaling $537.9 million. The average application was for $119,763, and applicants reported an average income of $44,972. 70% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Atlanta, GA (676), Kansas City, MO-KS (122) and Dallas, TX (104) (applications in parentheses).

Mortgage Company & Address Allied Home Mortgage Corp.
6110 Pinemont Dr., Ste. 220
Houston, TX 77092
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 4,491
Total Mortgage Loan Application Amount $537,858,000
Average Mortgage Loan Application Amount $119,763
Highest Mortgage Loan Application Amount $640,000
Average Applicant Income $44,972
Highest Applicant Income $895,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Allied Home Mortgage Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Allied Home Mortgage Corp. in 2003

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 (home purchase or home improvement, one-to-four family) 2,306 $310,287,000 $127,208 $640,000 $52,729 $895,000
Home Purchase (one-to-four family) 2,184 $227,421,000 $116,200 $464,000 $48,460 $479,000
Home Improvement (one-to-four family) 1 $150,000 $150,000 $150,000 $148,000 $148,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 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 2,852 $344,892,000 $123,893 $640,000 $53,914 $895,000
Black 701 $84,083,000 $117,750 $435,000 $50,781 $481,000
Information not provided by applicant in mail or telephone application 530 $62,959,000 $120,326 $507,000 $53,938 $360,000
Hispanic 319 $35,185,000 $106,735 $323,000 $35,882 $192,000
Asian or Pacific Islander 55 $6,914,000 $122,950 $464,000 $58,850 $348,000
American Indian or Alaskan Native 21 $2,167,000 $106,416 $196,000 $46,083 $88,000
Other 13 $1,658,000 $118,888 $210,000 $42,888 $181,000
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) 2,364 $282,375,000 $122,369 $311,000 $36,956 $336,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 1,334 $183,482,000 $128,500 $640,000 $70,978 $895,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 480 $29,724,000 $73,857 $249,000 $34,085 $313,000
VA-guaranteed (Veterans Administration) 313 $42,277,000 $139,604 $252,000 $44,023 $479,000

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 3,152 $375,128,000 $119,551 $507,000 $47,816 $895,000
Application Withdrawn By Applicant 624 $80,962,000 $123,707 $640,000 $57,658 $600,000
Application Denied By Financial Institution 488 $55,106,000 $122,375 $612,000 $52,100 $481,000
Application Approved But Not Accepted 161 $19,767,000 $117,656 $323,000 $41,812 $192,000
File Closed For Incompleteness 66 $6,895,000 $103,520 $230,000 $50,600 $360,000
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 153 $16,935,000 $116,896 $440,000 $41,965 $170,000
Debt-To-Income Ratio 60 $6,812,000 $122,120 $274,000 $45,520 $479,000
Other 24 $2,605,000 $118,416 $250,000 $55,500 $114,000
Collateral 14 $1,118,000 $75,100 $147,000 $54,900 $199,000
Employment History 6 $760,000 $126,666 $169,000 $54,500 $79,000
Unverifiable Information 4 $381,000 $95,250 $148,000 $43,250 $55,000
Insufficient Cash (Downpayment, Closing Cost) 1 $84,000 $84,000 $84,000 $38,000 $38,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Allied Home Mortgage Corp.'s 2003 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 Allied Home Mortgage Corp.'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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