Ark-La-Tex Financial Services Mortgage Lending & HMDA Data, 2006
In 2006, Ark-La-Tex Financial Services of Plano, TX reported 5,064 mortgage applications totaling $781.8 million, up 123% from 2005. The average application was for $154,390, and applicants reported an average income of $81,422. 50% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Dallas-Plano-Irving, TX (454), Birmingham-Hoover, AL (198) and Shreveport-Bossier City, LA (196) (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 | 5,064 |
| Total Mortgage Loan Application Amount | $781,833,000 |
| Average Mortgage Loan Application Amount | $154,390 |
| Highest Mortgage Loan Application Amount | $3,250,000 |
| Average Applicant Income | $81,422 |
| Highest Applicant Income | $4,200,000 |
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records Ark-La-Tex Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2006
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 | 3,219 | $435,695,000 | $135,000 | $3,250,000 | $76,000 | $1,200,000 |
| Refinancing | 1,842 | $345,757,000 | $187,000 | $3,000,000 | $91,000 | $4,200,000 |
| Home Improvement | 3 | $381,000 | $127,000 | $200,000 | $20,000 | $60,000 |
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 | 3,158 | $495,952,000 | $157,000 | $3,000,000 | $88,000 | $4,200,000 |
| Black or African American | 800 | $105,579,000 | $131,000 | $840,000 | $62,000 | $480,000 |
| Hispanic | 615 | $96,222,000 | $156,000 | $3,250,000 | $76,000 | $1,913,000 |
| Not Provided | 362 | $60,491,000 | $167,000 | $1,193,000 | $75,000 | $1,200,000 |
| Asian | 102 | $19,373,000 | $189,000 | $683,000 | $100,000 | $600,000 |
| American Indian or Alaskan Native | 14 | $1,620,000 | $115,000 | $296,000 | $62,000 | $150,000 |
| Native Hawaiian or Other Pacific Islander | 13 | $2,596,000 | $199,000 | $536,000 | $92,000 | $300,000 |
| 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) | 4,131 | $637,549,000 | $154,000 | $3,250,000 | $87,000 | $4,200,000 |
| VA-guaranteed (Veterans Administration) | 657 | $108,878,000 | $165,000 | $417,000 | $59,000 | $298,000 |
| FHA-insured (Federal Housing Administration) | 276 | $35,406,000 | $128,000 | $411,000 | $56,000 | $171,000 |
| 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 | 2,528 | $389,838,000 | $154,000 | $3,000,000 | $84,000 | $4,200,000 |
| Application Withdrawn By Applicant | 1,078 | $163,014,000 | $151,000 | $3,250,000 | $68,000 | $1,200,000 |
| Application Approved But Not Accepted | 724 | $112,322,000 | $155,000 | $1,178,000 | $88,000 | $1,913,000 |
| Application Denied By Financial Institution | 482 | $74,496,000 | $154,000 | $2,730,000 | $79,000 | $960,000 |
| Loan Purchased By The Institution | 140 | $22,273,000 | $159,000 | $780,000 | $107,000 | $356,000 |
| File Closed For Incompleteness | 112 | $19,890,000 | $177,000 | $1,463,000 | $92,000 | $1,020,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 40 | $10,431,000 | $260,000 | $2,730,000 | $125,000 | $960,000 |
| Collateral | 37 | $8,186,000 | $221,000 | $1,360,000 | $137,000 | $600,000 |
| Debt-To-Income Ratio | 28 | $3,906,000 | $139,000 | $820,000 | $57,000 | $228,000 |
| Unverifiable Information | 27 | $4,483,000 | $166,000 | $560,000 | $129,000 | $319,000 |
| Credit History | 17 | $2,549,000 | $149,000 | $880,000 | $69,000 | $282,000 |
| Employment History | 5 | $476,000 | $95,000 | $225,000 | $65,000 | $114,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $142,000 | $71,000 | $100,000 | $27,000 | $29,000 |
| Mortgage Insurance Denied | 2 | $137,000 | $68,000 | $75,000 | $19,000 | $20,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ark-La-Tex Financial Services's 2006 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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