Allquest Home Mortgage Corpora Mortgage Lending & HMDA Data, 2011

In 2011, Allquest Home Mortgage Corpora of Houston, TX reported 12,031 mortgage applications totaling $2.0 billion. The average application was for $163,860, and applicants reported an average income of $69,889. 51% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (512), Louisville-Jefferson County, KY-IN (499) and New Orleans-Metairie-Kenner, LA (397) (applications in parentheses).

Mortgage Company & Address Allquest Home Mortgage Corpora
6110 Pinemont Dr, Ste 220
Houston, TX 77092
Tel #: available with data download
Federal Regulator * available with data download
Years 2012  2011  
Total Number of Mortgage Applications 12,031
Total Mortgage Loan Application Amount $1,971,408,000
Average Mortgage Loan Application Amount $163,860
Highest Mortgage Loan Application Amount $1,850,000
Average Applicant Income $69,889
Highest Applicant Income $1,977,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Allquest Home Mortgage Corpora filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Allquest Home Mortgage Corpora in 2011

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 7,141 $1,016,857,000 $142,000 $880,000 $63,000 $1,977,000
Refinancing 4,876 $952,062,000 $195,000 $1,850,000 $80,000 $940,000
Home Improvement 14 $2,489,000 $177,000 $433,000 $63,000 $247,000

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 8,944 $1,499,543,000 $167,000 $1,850,000 $73,000 $1,977,000
Black or African American 1,214 $178,091,000 $146,000 $637,000 $55,000 $733,000
Hispanic 1,102 $151,020,000 $137,000 $800,000 $56,000 $492,000
Not Provided 491 $83,508,000 $170,000 $1,196,000 $75,000 $700,000
Asian 230 $51,091,000 $222,000 $706,000 $96,000 $1,373,000
American Indian or Alaskan Native 27 $3,607,000 $133,000 $292,000 $59,000 $121,000
Native Hawaiian or Other Pacific Islander 23 $4,548,000 $197,000 $1,000,000 $71,000 $397,000
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) 5,839 $885,658,000 $151,000 $736,000 $59,000 $733,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 3,713 $731,444,000 $196,000 $1,850,000 $102,000 $1,977,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,693 $204,936,000 $121,000 $396,000 $43,000 $240,000
VA-guaranteed (Veterans Administration) 786 $149,370,000 $190,000 $730,000 $64,000 $320,000

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 6,186 $982,333,000 $158,000 $960,000 $68,000 $1,236,000
Application Withdrawn By Applicant 4,914 $841,449,000 $171,000 $1,850,000 $74,000 $1,977,000
Application Denied By Financial Institution 819 $128,635,000 $157,000 $1,196,000 $64,000 $624,000
Application Approved But Not Accepted 73 $12,145,000 $166,000 $1,335,000 $68,000 $544,000
File Closed For Incompleteness 39 $6,846,000 $175,000 $432,000 $79,000 $396,000
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
Credit History 182 $26,935,000 $147,000 $695,000 $62,000 $624,000
Collateral 154 $25,437,000 $165,000 $1,196,000 $72,000 $492,000
Other 121 $19,831,000 $163,000 $880,000 $73,000 $432,000
Debt-To-Income Ratio 108 $16,930,000 $156,000 $485,000 $47,000 $328,000
Employment History 31 $3,708,000 $119,000 $315,000 $44,000 $148,000
Unverifiable Information 18 $3,055,000 $169,000 $704,000 $110,000 $448,000
Credit Application Incomplete 13 $1,959,000 $150,000 $391,000 $57,000 $119,000
Insufficient Cash (Downpayment, Closing Cost) 11 $1,685,000 $153,000 $570,000 $56,000 $169,000
Mortgage Insurance Denied 1 $265,000 $265,000 $265,000 $87,000 $87,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Allquest Home Mortgage Corpora's 2011 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 Allquest Home Mortgage Corpora'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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