American Southwest Mortgage Corp. Mortgage Lending & HMDA Data, 2004
In 2004, American Southwest Mortgage Corp. of Oklahoma City, OK reported 1,781 mortgage applications totaling $165.5 million, down 20% from 2003. The average application was for $92,899, and applicants reported an average income of $46,554. 0% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Oklahoma City, OK (342), Tulsa, OK (306) and Lawton, OK (23) (applications in parentheses).
| Mortgage Company & Address | American Southwest Mortgage Corp. 5900 Mosteller Drive Suite 10 Oklahoma City, OK 73112 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,781 |
| Total Mortgage Loan Application Amount | $165,454,000 |
| Average Mortgage Loan Application Amount | $92,899 |
| Highest Mortgage Loan Application Amount | $621,000 |
| Average Applicant Income | $46,554 |
| Highest Applicant Income | $790,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Southwest 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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for American Southwest Mortgage Corp. in 2004
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 | 1,358 | $121,304,000 | $98,000 | $432,000 | $41,166 | $790,000 |
| Refinancing | 415 | $43,217,000 | $121,000 | $621,000 | $56,666 | $350,000 |
| Home Improvement | 8 | $933,000 | $105,500 | $246,000 | $62,500 | $135,000 |
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 | 1,470 | $137,468,000 | $112,285 | $621,000 | $49,000 | $402,000 |
| American Indian or Alaskan Native | 109 | $9,947,000 | $94,666 | $320,000 | $44,333 | $288,000 |
| Not Provided | 75 | $6,935,000 | $91,333 | $383,000 | $37,666 | $790,000 |
| Black or African American | 64 | $5,637,000 | $83,333 | $236,000 | $50,666 | $154,000 |
| Hispanic | 50 | $4,209,000 | $88,666 | $375,000 | $43,333 | $313,000 |
| Asian | 5 | $478,000 | $94,000 | $150,000 | $43,500 | $90,000 |
| Not applicable | 5 | $503,000 | $101,500 | $216,000 | $50,500 | $81,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $277,000 | $83,000 | $114,000 | $25,500 | $38,000 |
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) | 748 | $61,996,000 | $82,750 | $178,000 | $40,750 | $313,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 696 | $73,652,000 | $130,833 | $621,000 | $55,666 | $790,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 228 | $18,265,000 | $71,333 | $190,000 | $31,333 | $121,000 |
| VA-guaranteed (Veterans Administration) | 109 | $11,541,000 | $102,500 | $298,000 | $54,500 | $187,000 |
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 | 1,282 | $116,757,000 | $115,833 | $584,000 | $51,333 | $402,000 |
| Application Withdrawn By Applicant | 308 | $30,874,000 | $94,333 | $420,000 | $44,666 | $790,000 |
| Application Denied By Financial Institution | 189 | $17,142,000 | $84,000 | $432,000 | $49,000 | $198,000 |
| File Closed For Incompleteness | 2 | $681,000 | $340,500 | $621,000 | $123,000 | $216,000 |
| Loan Originated | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 112 | $10,237,000 | $85,333 | $432,000 | $48,000 | $150,000 |
| Employment History | 8 | $862,000 | $96,000 | $297,000 | $56,500 | $198,000 |
| Other | 7 | $419,000 | $65,500 | $110,000 | $36,000 | $68,000 |
| Debt-To-Income Ratio | 5 | $439,000 | $87,000 | $128,000 | $40,500 | $79,000 |
| Unverifiable Information | 3 | $266,000 | $72,000 | $153,000 | $27,500 | $48,000 |
| Credit Application Incomplete | 2 | $89,000 | $44,500 | $55,000 | $25,000 | $28,000 |
| Collateral | 1 | $58,000 | $58,000 | $58,000 | $59,000 | $59,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $83,000 | $83,000 | $83,000 | $55,000 | $55,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Southwest Mortgage Corp.'s 2004 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 Southwest 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.
For a list of all lenders in Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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