American Bank & Trust Company Mortgage Lending & HMDA Data, 2008
In 2008, American Bank & Trust Company of Opelousas, LA reported 159 mortgage applications totaling $15.1 million, up 21% from 2007. The average application was for $94,735, and applicants reported an average income of $92,056. 89% of its applications resulted in an originated loan and 10% were denied. Its largest market was Lafayette, LA (21).
| Mortgage Company & Address | American Bank & Trust Company 321 E Landry St Opelousas, LA 70570 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 159 |
| Total Mortgage Loan Application Amount | $15,063,000 |
| Average Mortgage Loan Application Amount | $94,735 |
| Highest Mortgage Loan Application Amount | $738,000 |
| Average Applicant Income | $92,056 |
| Highest Applicant Income | $735,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| St. Landry, Louisiana | 122 | $ 10,283,000 | $ 84,286 | $ 92,000 |
| Lafayette, Louisiana | 20 | $ 1,903,000 | $ 95,150 | $ 106,000 |
| Evangeline, Louisiana | 1 | $ 133,000 | $ 133,000 | $ 80,000 |
| St. Martin, Louisiana | 1 | $ 27,000 | $ 27,000 | $ 40,000 |
Mortgage Loan Application Detail Totals for American Bank & Trust Company in 2008
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 | 79 | $10,249,000 | $129,000 | $738,000 | $93,000 | $460,000 |
| Home Improvement | 45 | $942,000 | $20,000 | $124,000 | $92,000 | $500,000 |
| Home Purchase | 35 | $3,872,000 | $110,000 | $504,000 | $90,000 | $735,000 |
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 | 128 | $12,563,000 | $98,000 | $738,000 | $105,000 | $735,000 |
| Black or African American | 18 | $554,000 | $30,000 | $180,000 | $40,000 | $121,000 |
| Not applicable | 10 | $1,781,000 | $178,000 | $727,000 | $9,000 | $98,000 |
| Hispanic | 3 | $165,000 | $55,000 | $75,000 | $137,000 | $365,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 159 | $15,063,000 | $94,000 | $738,000 | $92,000 | $735,000 |
| 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 | 141 | $13,348,000 | $94,000 | $738,000 | $98,000 | $735,000 |
| Application Denied By Financial Institution | 16 | $1,558,000 | $97,000 | $504,000 | $53,000 | $265,000 |
| Application Withdrawn By Applicant | 2 | $157,000 | $78,000 | $82,000 | $12,000 | $24,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 10 | $162,000 | $16,000 | $68,000 | $28,000 | $96,000 |
| Debt-To-Income Ratio | 5 | $1,226,000 | $245,000 | $504,000 | $101,000 | $265,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $170,000 | $170,000 | $170,000 | $65,000 | $65,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Bank & Trust Company's 2008 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 Bank & Trust 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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