Ark-La-Tex Financial Services Mortgage Lending & HMDA Data, 2005
In 2005, Ark-La-Tex Financial Services of Plano, TX reported 2,274 mortgage applications totaling $442.0 million, up 100% from 2004. The average application was for $194,354, and applicants reported an average income of $85,416. 53% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Dallas-Plano-Irving, TX (319), Fort Worth-Arlington, TX (168) and San Antonio, TX (112) (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 | 2,274 |
| Total Mortgage Loan Application Amount | $441,961,000 |
| Average Mortgage Loan Application Amount | $194,354 |
| Highest Mortgage Loan Application Amount | $64,900,000 |
| Average Applicant Income | $85,416 |
| Highest Applicant Income | $4,320,000 |
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records Ark-La-Tex Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005
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 | 1,282 | $240,776,000 | $267,032 | $64,900,000 | $77,354 | $4,320,000 |
| Refinancing | 992 | $201,185,000 | $166,620 | $2,770,000 | $77,344 | $1,800,000 |
| 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 | 1,419 | $241,581,000 | $154,750 | $2,770,000 | $70,156 | $1,800,000 |
| Hispanic | 343 | $114,118,000 | $1,845,368 | $64,900,000 | $58,368 | $918,000 |
| Black or African American | 297 | $42,489,000 | $168,200 | $945,000 | $271,000 | $4,320,000 |
| Not Provided | 109 | $22,462,000 | $212,500 | $1,350,000 | $80,000 | $411,000 |
| Asian | 66 | $15,686,000 | $176,400 | $915,000 | $80,200 | $324,000 |
| Not applicable | 17 | $2,591,000 | $138,500 | $400,000 | $99,100 | $298,000 |
| Native Hawaiian or Other Pacific Islander | 15 | $2,300,000 | $139,000 | $448,000 | $81,750 | $205,000 |
| American Indian or Alaskan Native | 8 | $734,000 | $95,800 | $140,000 | $44,200 | $88,000 |
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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 2,021 | $345,910,000 | $151,580 | $2,770,000 | $73,483 | $4,320,000 |
| FHA-insured (Federal Housing Administration) | 176 | $84,003,000 | $1,062,470 | $64,900,000 | $57,647 | $1,246,000 |
| VA-guaranteed (Veterans Administration) | 77 | $12,048,000 | $163,500 | $360,000 | $58,916 | $157,000 |
| 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 | 1,205 | $205,849,000 | $171,066 | $2,770,000 | $69,600 | $1,800,000 |
| Loan Purchased By The Institution | 395 | $59,097,000 | $128,647 | $748,000 | $72,941 | $436,000 |
| Application Approved But Not Accepted | 224 | $41,276,000 | $152,208 | $1,515,000 | $107,375 | $4,320,000 |
| Application Withdrawn By Applicant | 213 | $99,563,000 | $948,761 | $64,900,000 | $86,904 | $567,000 |
| Application Denied By Financial Institution | 174 | $27,711,000 | $120,368 | $975,000 | $56,789 | $329,000 |
| File Closed For Incompleteness | 63 | $8,465,000 | $124,615 | $584,000 | $61,538 | $186,000 |
| 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 | 50 | $6,754,000 | $146,090 | $750,000 | $63,909 | $300,000 |
| Debt-To-Income Ratio | 35 | $4,394,000 | $110,700 | $469,000 | $53,800 | $259,000 |
| Other | 34 | $5,253,000 | $126,846 | $587,000 | $62,000 | $329,000 |
| Collateral | 20 | $4,300,000 | $168,000 | $975,000 | $68,888 | $329,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $2,808,000 | $189,500 | $700,000 | $76,166 | $205,000 |
| Unverifiable Information | 10 | $1,686,000 | $161,600 | $414,000 | $119,600 | $197,000 |
| Employment History | 7 | $1,316,000 | $279,666 | $530,000 | $71,666 | $107,000 |
| Credit Application Incomplete | 3 | $1,200,000 | $432,500 | $531,000 | $151,500 | $318,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ark-La-Tex Financial Services's 2005 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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