Ark-La-Tex Financial Services Mortgage Lending & HMDA Data, 2010
In 2010, Ark-La-Tex Financial Services of Plano, TX reported 8,161 mortgage applications totaling $1.5 billion, up 32% from 2009. The average application was for $184,615, and applicants reported an average income of $74,942. 44% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Lexington-Fayette, KY (899), Spartanburg, SC (848) and Colorado Springs, CO (520) (applications in parentheses).
| Mortgage Company & Address | Ark-La-Tex Financial Services 5160 Tennyson Pkwy, Suite 2000w Plano, TX 75024 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 8,161 |
| Total Mortgage Loan Application Amount | $1,506,647,000 |
| Average Mortgage Loan Application Amount | $184,615 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $74,942 |
| Highest Applicant Income | $1,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ark-La-Tex Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Ark-La-Tex Financial Services in 2010
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 | 5,227 | $871,488,000 | $166,000 | $1,500,000 | $67,000 | $1,500,000 |
| Refinancing | 2,925 | $633,464,000 | $216,000 | $2,000,000 | $89,000 | $1,800,000 |
| Home Improvement | 9 | $1,695,000 | $188,000 | $417,000 | $119,000 | $648,000 |
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 | 6,813 | $1,264,242,000 | $185,000 | $2,000,000 | $76,000 | $1,800,000 |
| Black or African American | 457 | $66,576,000 | $145,000 | $749,000 | $50,000 | $299,000 |
| Hispanic | 387 | $65,451,000 | $169,000 | $698,000 | $66,000 | $324,000 |
| Not Provided | 291 | $64,964,000 | $223,000 | $1,500,000 | $88,000 | $480,000 |
| Asian | 173 | $36,172,000 | $209,000 | $673,000 | $90,000 | $648,000 |
| Native Hawaiian or Other Pacific Islander | 27 | $6,757,000 | $250,000 | $727,000 | $72,000 | $178,000 |
| American Indian or Alaskan Native | 13 | $2,485,000 | $191,000 | $729,000 | $71,000 | $240,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 4,602 | $869,804,000 | $189,000 | $2,000,000 | $86,000 | $1,800,000 |
| FHA-insured (Federal Housing Administration) | 2,515 | $442,821,000 | $176,000 | $746,000 | $63,000 | $1,200,000 |
| VA-guaranteed (Veterans Administration) | 672 | $148,039,000 | $220,000 | $965,000 | $68,000 | $589,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 372 | $45,983,000 | $123,000 | $363,000 | $39,000 | $87,000 |
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 | 3,603 | $719,884,000 | $199,000 | $965,000 | $85,000 | $1,200,000 |
| Application Withdrawn By Applicant | 2,463 | $435,845,000 | $176,000 | $2,000,000 | $71,000 | $1,800,000 |
| Application Denied By Financial Institution | 1,592 | $243,273,000 | $152,000 | $1,500,000 | $55,000 | $1,320,000 |
| Application Approved But Not Accepted | 416 | $87,920,000 | $211,000 | $746,000 | $84,000 | $661,000 |
| File Closed For Incompleteness | 87 | $19,725,000 | $226,000 | $1,350,000 | $114,000 | $1,012,000 |
| 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 | 462 | $57,325,000 | $124,000 | $735,000 | $39,000 | $660,000 |
| Credit Application Incomplete | 170 | $30,202,000 | $177,000 | $950,000 | $70,000 | $851,000 |
| Collateral | 112 | $25,102,000 | $224,000 | $1,500,000 | $100,000 | $716,000 |
| Other | 105 | $18,866,000 | $179,000 | $565,000 | $82,000 | $367,000 |
| Debt-To-Income Ratio | 78 | $17,909,000 | $229,000 | $980,000 | $75,000 | $350,000 |
| Employment History | 50 | $7,937,000 | $158,000 | $417,000 | $47,000 | $152,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 31 | $4,852,000 | $156,000 | $841,000 | $67,000 | $360,000 |
| Unverifiable Information | 25 | $4,530,000 | $181,000 | $532,000 | $64,000 | $192,000 |
| Mortgage Insurance Denied | 1 | $199,000 | $199,000 | $199,000 | $96,000 | $96,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ark-La-Tex Financial Services's 2010 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 Ark-La-Tex Financial Services'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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