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records Ark-La-Tex Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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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