Ark-La-Tex Financial Services Mortgage Lending & HMDA Data, 2009
In 2009, Ark-La-Tex Financial Services of Plano, TX reported 6,191 mortgage applications totaling $1.3 billion, up 49% from 2008. The average application was for $208,680, and applicants reported an average income of $77,523. 58% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Tacoma, WA (306), Austin-Round Rock, TX (248) and Dallas-Plano-Irving, TX (217) (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 | 6,191 |
| Total Mortgage Loan Application Amount | $1,291,941,000 |
| Average Mortgage Loan Application Amount | $208,680 |
| Highest Mortgage Loan Application Amount | $1,510,000 |
| Average Applicant Income | $77,523 |
| Highest Applicant Income | $1,500,000 |
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records Ark-La-Tex Financial Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 3,299 | $610,016,000 | $184,000 | $1,510,000 | $71,000 | $1,461,000 |
| Refinancing | 2,890 | $681,653,000 | $235,000 | $1,344,000 | $85,000 | $1,500,000 |
| Home Improvement | 2 | $272,000 | $136,000 | $174,000 | $36,000 | $40,000 |
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 | 4,562 | $964,970,000 | $211,000 | $1,510,000 | $79,000 | $1,500,000 |
| Not Provided | 600 | $139,483,000 | $232,000 | $1,047,000 | $88,000 | $1,440,000 |
| Hispanic | 558 | $93,653,000 | $167,000 | $639,000 | $59,000 | $577,000 |
| Black or African American | 245 | $45,141,000 | $184,000 | $431,000 | $63,000 | $1,200,000 |
| Asian | 186 | $39,991,000 | $215,000 | $763,000 | $81,000 | $840,000 |
| Native Hawaiian or Other Pacific Islander | 21 | $5,062,000 | $241,000 | $400,000 | $63,000 | $137,000 |
| American Indian or Alaskan Native | 19 | $3,641,000 | $191,000 | $387,000 | $42,000 | $115,000 |
| 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) | 2,565 | $577,527,000 | $225,000 | $1,510,000 | $101,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) | 2,533 | $501,642,000 | $198,000 | $951,000 | $63,000 | $1,440,000 |
| VA-guaranteed (Veterans Administration) | 856 | $180,049,000 | $210,000 | $650,000 | $57,000 | $1,056,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 237 | $32,723,000 | $138,000 | $280,000 | $48,000 | $600,000 |
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 | 3,600 | $768,786,000 | $213,000 | $1,047,000 | $81,000 | $1,500,000 |
| Application Withdrawn By Applicant | 1,558 | $315,301,000 | $202,000 | $1,510,000 | $70,000 | $1,242,000 |
| Application Denied By Financial Institution | 572 | $104,706,000 | $183,000 | $815,000 | $76,000 | $1,233,000 |
| Application Approved But Not Accepted | 347 | $78,604,000 | $226,000 | $743,000 | $86,000 | $1,461,000 |
| File Closed For Incompleteness | 114 | $24,544,000 | $215,000 | $646,000 | $72,000 | $374,000 |
| 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 | 77 | $11,333,000 | $147,000 | $359,000 | $40,000 | $159,000 |
| Collateral | 64 | $13,596,000 | $212,000 | $563,000 | $101,000 | $454,000 |
| Debt-To-Income Ratio | 55 | $11,736,000 | $213,000 | $763,000 | $63,000 | $277,000 |
| Other | 45 | $9,520,000 | $211,000 | $638,000 | $135,000 | $1,233,000 |
| Unverifiable Information | 18 | $3,709,000 | $206,000 | $730,000 | $83,000 | $382,000 |
| Employment History | 13 | $1,801,000 | $138,000 | $259,000 | $44,000 | $96,000 |
| Mortgage Insurance Denied | 8 | $2,121,000 | $265,000 | $489,000 | $70,000 | $116,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $304,000 | $152,000 | $204,000 | $36,000 | $37,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ark-La-Tex Financial Services's 2009 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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