Ark-La-Tex Financial Services Mortgage Lending & HMDA Data, 2004
In 2004, Ark-La-Tex Financial Services of Plano, TX reported 1,139 mortgage applications totaling $201.1 million. The average application was for $176,536, and applicants reported an average income of $55,896. 71% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Dallas-Plano-Irving, TX (462), Fort Worth-Arlington, TX (143) and Shreveport-Bossier City, LA (87) (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 | 1,139 |
| Total Mortgage Loan Application Amount | $201,075,000 |
| Average Mortgage Loan Application Amount | $176,536 |
| Highest Mortgage Loan Application Amount | $60,000,000 |
| Average Applicant Income | $55,896 |
| Highest Applicant Income | $540,000 |
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records Ark-La-Tex Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dallas-Plano-Irving, TX | 462 | $ 120,305,000 | $ 260,400 | $ 57,000 |
| Fort Worth-Arlington, TX | 143 | $ 17,128,000 | $ 119,776 | $ 53,000 |
| Shreveport-Bossier City, LA | 87 | $ 8,838,000 | $ 101,586 | $ 59,000 |
| Atlanta-Sandy Springs-Marietta, GA | 47 | $ 6,694,000 | $ 142,425 | $ 64,000 |
| Houston-Baytown-Sugar Land, TX | 34 | $ 4,568,000 | $ 134,352 | $ 62,000 |
| San Antonio, TX | 33 | $ 3,143,000 | $ 95,242 | $ 52,000 |
| Waco, TX | 27 | $ 2,254,000 | $ 83,481 | $ 44,000 |
| Austin-Round Rock, TX | 24 | $ 4,739,000 | $ 197,458 | $ 94,000 |
| Gulfport-Biloxi, MS | 19 | $ 1,891,000 | $ 99,526 | $ 43,000 |
| Baton Rouge, LA | 13 | $ 1,254,000 | $ 96,461 | $ 37,000 |
| Monroe, LA | 13 | $ 1,217,000 | $ 93,615 | $ 55,000 |
| Brownsville-Harlingen, TX | 9 | $ 786,000 | $ 87,333 | $ 46,000 |
| Pascagoula, MS | 9 | $ 549,000 | $ 61,000 | $ 35,000 |
| Salt Lake City, UT | 8 | $ 1,361,000 | $ 170,125 | $ 50,000 |
| McAllen-Edinburg-Pharr, TX | 7 | $ 630,000 | $ 90,000 | $ 55,000 |
| New Orleans-Metairie-Kenner, LA | 7 | $ 983,000 | $ 140,428 | $ 46,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 2,194,000 | $ 438,800 | $ 135,000 |
| Killeen-Temple-Fort Hood, TX | 5 | $ 725,000 | $ 145,000 | $ 81,000 |
| St. Louis, MO-IL | 5 | $ 944,000 | $ 188,800 | $ 71,000 |
| Colorado Springs, CO | 4 | $ 1,168,000 | $ 292,000 | $ 199,000 |
| Lafayette, LA | 4 | $ 497,000 | $ 124,250 | $ 47,000 |
| Lubbock, TX | 4 | $ 522,000 | $ 130,500 | $ 55,000 |
| Beaumont-Port Arthur, TX | 3 | $ 291,000 | $ 97,000 | $ 50,000 |
| College Station-Bryan, TX | 3 | $ 316,000 | $ 105,333 | $ 74,000 |
| Denver-Aurora, CO | 3 | $ 355,000 | $ 118,333 | $ 31,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 3 | $ 554,000 | $ 184,666 | $ 54,000 |
| Jacksonville, FL | 3 | $ 422,000 | $ 140,666 | $ 60,000 |
| Lakeland, FL | 3 | $ 282,000 | $ 94,000 | $ 41,000 |
| Midland, TX | 3 | $ 220,000 | $ 73,333 | $ 38,000 |
| Odessa, TX | 3 | $ 217,000 | $ 72,333 | $ 47,000 |
| Oklahoma City, OK | 3 | $ 243,000 | $ 81,000 | $ 33,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 266,000 | $ 88,666 | $ 43,000 |
| Abilene, TX | 2 | $ 107,000 | $ 53,500 | $ 77,000 |
| Albuquerque, NM | 2 | $ 285,000 | $ 142,500 | $ 75,000 |
| Amarillo, TX | 2 | $ 172,000 | $ 86,000 | $ 62,000 |
| Chattanooga, TN-GA | 2 | $ 307,000 | $ 153,500 | $ 31,000 |
| Clarksville, TN-KY | 2 | $ 75,000 | $ 37,500 | $ 36,000 |
| Corpus Christi, TX | 2 | $ 139,000 | $ 69,500 | $ 0 |
| Decatur, AL | 2 | $ 254,000 | $ 127,000 | $ 49,000 |
| El Paso, TX | 2 | $ 165,000 | $ 82,500 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 337,000 | $ 168,500 | $ 43,000 |
| Lake Charles, LA | 2 | $ 263,000 | $ 131,500 | $ 42,000 |
| Longview, TX | 2 | $ 250,000 | $ 125,000 | $ 42,000 |
| Macon, GA | 2 | $ 240,000 | $ 120,000 | $ 11,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 282,000 | $ 141,000 | $ 29,000 |
| Port St. Lucie-Fort Pierce, FL | 2 | $ 275,000 | $ 137,500 | $ 32,000 |
| Sherman-Denison, TX | 2 | $ 373,000 | $ 186,500 | $ 133,000 |
| Tyler, TX | 2 | $ 134,000 | $ 67,000 | $ 52,000 |
| Wichita Falls, TX | 2 | $ 162,000 | $ 81,000 | $ 51,000 |
| Birmingham-Hoover, AL | 1 | $ 180,000 | $ 180,000 | $ 132,000 |
| Columbus, GA-AL | 1 | $ 134,000 | $ 134,000 | $ 77,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 224,000 | $ 224,000 | $ 0 |
| Gainesville, GA | 1 | $ 121,000 | $ 121,000 | $ 42,000 |
| Hattiesburg, MS | 1 | $ 65,000 | $ 65,000 | $ 52,000 |
| Hinesville-Fort Stewart, GA | 1 | $ 107,000 | $ 107,000 | $ 43,000 |
| Kansas City, MO-KS | 1 | $ 106,000 | $ 106,000 | $ 80,000 |
| Knoxville, TN | 1 | $ 103,000 | $ 103,000 | $ 78,000 |
| Lawrence, KS | 1 | $ 83,000 | $ 83,000 | $ 30,000 |
| Little Rock-North Little Rock, AR | 1 | $ 48,000 | $ 48,000 | $ 30,000 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 105,000 | $ 105,000 | $ 516,000 |
| Orlando, FL | 1 | $ 146,000 | $ 146,000 | $ 57,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 72,000 | $ 72,000 | $ 66,000 |
| Panama City-Lynn Haven, FL | 1 | $ 192,000 | $ 192,000 | $ 61,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 81,000 | $ 81,000 | $ 0 |
| Pine Bluff, AR | 1 | $ 99,000 | $ 99,000 | $ 52,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 256,000 | $ 256,000 | $ 83,000 |
| Savannah, GA | 1 | $ 270,000 | $ 270,000 | $ 0 |
| Tulsa, OK | 1 | $ 109,000 | $ 109,000 | $ 61,000 |
| Victoria, TX | 1 | $ 75,000 | $ 75,000 | $ 0 |
Mortgage Loan Application Detail Totals for Ark-La-Tex Financial Services 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 | 672 | $137,316,000 | $144,750 | $60,000,000 | $65,812 | $540,000 |
| Refinancing | 467 | $63,759,000 | $146,375 | $2,000,000 | $67,312 | $540,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 493 | $62,562,000 | $143,066 | $1,500,000 | $62,600 | $536,000 |
| Not Provided | 443 | $56,314,000 | $138,769 | $2,000,000 | $86,153 | $540,000 |
| Hispanic | 98 | $10,591,000 | $114,000 | $582,000 | $64,285 | $222,000 |
| Black or African American | 78 | $68,679,000 | $321,250 | $60,000,000 | $77,750 | $246,000 |
| Asian | 25 | $2,765,000 | $125,750 | $458,000 | $66,500 | $182,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $89,000 | $89,000 | $89,000 | $54,000 | $54,000 |
| Not applicable | 1 | $75,000 | $75,000 | $75,000 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 687 | $93,608,000 | $149,937 | $2,000,000 | $77,750 | $540,000 |
| FHA-insured (Federal Housing Administration) | 371 | $97,171,000 | $134,200 | $60,000,000 | $26,300 | $352,000 |
| VA-guaranteed (Veterans Administration) | 81 | $10,296,000 | $151,090 | $256,000 | $35,181 | $87,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 814 | $104,016,000 | $156,933 | $1,500,000 | $72,000 | $540,000 |
| Application Denied By Financial Institution | 119 | $72,773,000 | $175,000 | $60,000,000 | $67,500 | $516,000 |
| Application Approved But Not Accepted | 81 | $8,109,000 | $123,875 | $270,000 | $64,750 | $246,000 |
| Application Withdrawn By Applicant | 75 | $9,170,000 | $122,375 | $2,000,000 | $28,250 | $540,000 |
| File Closed For Incompleteness | 50 | $7,007,000 | $138,333 | $548,000 | $27,500 | $222,000 |
| 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 | 22 | $62,713,000 | $1,178,000 | $60,000,000 | $54,000 | $270,000 |
| Debt-To-Income Ratio | 7 | $841,000 | $120,000 | $167,000 | $66,000 | $154,000 |
| Employment History | 6 | $516,000 | $73,500 | $118,000 | $33,500 | $60,000 |
| Collateral | 5 | $662,000 | $107,000 | $316,000 | $54,500 | $224,000 |
| Other | 5 | $344,000 | $65,333 | $110,000 | $47,000 | $203,000 |
| Unverifiable Information | 3 | $287,000 | $95,000 | $125,000 | $20,000 | $31,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ark-La-Tex Financial Services'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 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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