Anson Bank & Trust Co. Mortgage Lending & HMDA Data, 2007
In 2007, Anson Bank & Trust Co. of Wadesboro, NC reported 88 mortgage applications totaling $10.7 million, up 13% from 2006. The average application was for $122,000, and applicants reported an average income of $73,636. 90% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Charlotte-Gastonia-Concord, NC-SC (80) and Durham, NC (1).
| Mortgage Company & Address | Anson Bank & Trust Co. Po Box 249 Wadesboro, NC 28170 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 |
| Total Number of Mortgage Applications | 88 |
| Total Mortgage Loan Application Amount | $10,736,000 |
| Average Mortgage Loan Application Amount | $122,000 |
| Highest Mortgage Loan Application Amount | $2,038,000 |
| Average Applicant Income | $73,636 |
| Highest Applicant Income | $1,169,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Anson Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Anson, North Carolina | 73 | $ 6,194,000 | $ 84,849 | $ 57,000 |
| Union, North Carolina | 5 | $ 832,000 | $ 166,400 | $ 108,000 |
| Richmond, North Carolina | 3 | $ 384,000 | $ 128,000 | $ 78,000 |
| Montgomery, North Carolina | 2 | $ 704,000 | $ 352,000 | $ 584,000 |
| Cabarrus, North Carolina | 1 | $ 206,000 | $ 206,000 | $ 130,000 |
| Durham, North Carolina | 1 | $ 2,038,000 | $ 2,038,000 | $ 0 |
| Mecklenburg, North Carolina | 1 | $ 118,000 | $ 118,000 | $ 124,000 |
| Rowan, North Carolina | 1 | $ 160,000 | $ 160,000 | $ 109,000 |
| Stanly, North Carolina | 1 | $ 100,000 | $ 100,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for Anson Bank & Trust Co. in 2007
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 | 43 | $4,835,000 | $112,000 | $417,000 | $85,000 | $1,169,000 |
| Home Purchase | 40 | $5,691,000 | $142,000 | $2,038,000 | $65,000 | $227,000 |
| Home Improvement | 5 | $210,000 | $42,000 | $100,000 | $45,000 | $65,000 |
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 | 72 | $7,417,000 | $103,000 | $417,000 | $81,000 | $1,169,000 |
| Black or African American | 12 | $882,000 | $73,000 | $149,000 | $45,000 | $112,000 |
| Not applicable | 3 | $2,412,000 | $804,000 | $2,038,000 | $0 | $0 |
| Hispanic | 1 | $25,000 | $25,000 | $25,000 | $104,000 | $104,000 |
| 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) | 88 | $10,736,000 | $122,000 | $2,038,000 | $74,000 | $1,169,000 |
| 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 | 79 | $9,894,000 | $125,000 | $2,038,000 | $74,000 | $1,169,000 |
| Application Denied By Financial Institution | 4 | $275,000 | $68,000 | $156,000 | $33,000 | $77,000 |
| Application Withdrawn By Applicant | 4 | $432,000 | $108,000 | $160,000 | $72,000 | $109,000 |
| Application Approved But Not Accepted | 1 | $135,000 | $135,000 | $135,000 | $227,000 | $227,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Anson Bank & Trust Co.'s 2007 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 Anson Bank & Trust Co.'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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