Auto Club Trust, FSB Mortgage Lending & HMDA Data, 2016
In 2016, Auto Club Trust, FSB of Dearborn, MI reported 465 mortgage applications totaling $87.0 million, up 2% from 2015. The average application was for $187,146, and applicants reported an average income of $110,619. 44% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Omaha-Council Bluffs, NE-IA (131), Detroit-Dearborn-Livonia, MI (71) and Tampa-St. Petersburg-Clearwater, FL (40) (applications in parentheses).
| Mortgage Company & Address | Auto Club Trust, FSB 1 Auto Club Drive Dearborn, MI 48126 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 |
| Total Number of Mortgage Applications | 465 |
| Total Mortgage Loan Application Amount | $87,023,000 |
| Average Mortgage Loan Application Amount | $187,146 |
| Highest Mortgage Loan Application Amount | $1,311,000 |
| Average Applicant Income | $110,619 |
| Highest Applicant Income | $1,597,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Auto Club Trust, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Omaha-Council Bluffs, NE-IA | 131 | $ 18,546,000 | $ 141,572 | $ 79,595 |
| Detroit-Dearborn-Livonia, MI | 71 | $ 7,931,000 | $ 111,704 | $ 60,000 |
| Tampa-St. Petersburg-Clearwater, FL | 40 | $ 11,900,000 | $ 297,500 | $ 185,000 |
| Warren-Troy-Farmington Hills, MI | 37 | $ 6,115,000 | $ 165,270 | $ 111,000 |
| Atlanta-Sandy Springs-Roswell, GA | 22 | $ 10,798,000 | $ 490,818 | $ 284,000 |
| Chicago-Naperville-Arlington Heights, IL | 16 | $ 4,815,000 | $ 300,937 | $ 148,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 9 | $ 2,125,000 | $ 236,111 | $ 160,000 |
| Lincoln, NE | 7 | $ 995,000 | $ 142,142 | $ 127,000 |
| Orlando-Kissimmee-Sanford, FL | 7 | $ 1,463,000 | $ 209,000 | $ 97,000 |
| Punta Gorda, FL | 7 | $ 648,000 | $ 92,571 | $ 50,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 891,000 | $ 148,500 | $ 116,000 |
| Miami-Miami Beach-Kendall, FL | 6 | $ 1,566,000 | $ 261,000 | $ 108,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 6 | $ 1,597,000 | $ 266,166 | $ 165,166 |
| Knoxville, TN | 5 | $ 241,000 | $ 48,200 | $ 53,000 |
| Lake County-Kenosha County, IL-WI | 4 | $ 1,639,000 | $ 409,750 | $ 204,500 |
| North Port-Sarasota-Bradenton, FL | 4 | $ 899,000 | $ 224,750 | $ 168,000 |
| Port St. Lucie, FL | 4 | $ 1,022,000 | $ 255,500 | $ 130,000 |
| Ann Arbor, MI | 3 | $ 553,000 | $ 184,333 | $ 63,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 272,000 | $ 90,666 | $ 49,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 976,000 | $ 325,333 | $ 250,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 257,000 | $ 85,666 | $ 37,000 |
| Memphis, TN-MS-AR | 3 | $ 679,000 | $ 226,333 | $ 159,000 |
| Gary, IN | 2 | $ 129,000 | $ 64,500 | $ 47,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 80,000 | $ 40,000 | $ 58,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 132,000 | $ 66,000 | $ 50,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 2 | $ 231,000 | $ 115,500 | $ 81,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 353,000 | $ 176,500 | $ 69,000 |
| The Villages, FL | 2 | $ 677,000 | $ 338,500 | $ 55,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 69,000 | $ 69,000 | $ 24,000 |
| Clarksville, TN-KY | 1 | $ 128,000 | $ 128,000 | $ 0 |
| Decatur, IL | 1 | $ 45,000 | $ 45,000 | $ 17,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 124,000 | $ 124,000 | $ 90,000 |
| Duluth, MN-WI | 1 | $ 160,000 | $ 160,000 | $ 125,000 |
| Elgin, IL | 1 | $ 180,000 | $ 180,000 | $ 66,000 |
| Fond Du Lac, WI | 1 | $ 67,000 | $ 67,000 | $ 31,000 |
| Fort Wayne, IN | 1 | $ 618,000 | $ 618,000 | $ 463,000 |
| Gainesville, GA | 1 | $ 104,000 | $ 104,000 | $ 16,000 |
| Homosassa Springs, FL | 1 | $ 80,000 | $ 80,000 | $ 127,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 946,000 | $ 946,000 | $ 376,000 |
| Janesville-Beloit, WI | 1 | $ 98,000 | $ 98,000 | $ 58,000 |
| Lakeland-Winter Haven, FL | 1 | $ 198,000 | $ 198,000 | $ 120,000 |
| Lansing-East Lansing, MI | 1 | $ 205,000 | $ 205,000 | $ 130,000 |
| Madison, WI | 1 | $ 120,000 | $ 120,000 | $ 197,000 |
| Michigan City-La Porte, IN | 1 | $ 315,000 | $ 315,000 | $ 282,000 |
| Racine, WI | 1 | $ 86,000 | $ 86,000 | $ 43,000 |
| Savannah, GA | 1 | $ 660,000 | $ 660,000 | $ 720,000 |
| Sheboygan, WI | 1 | $ 186,000 | $ 186,000 | $ 235,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 69,000 | $ 69,000 | $ 45,000 |
Mortgage Loan Application Detail Totals for Auto Club Trust, FSB in 2016
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 |
|---|---|---|---|---|---|---|
| Refinancing | 243 | $47,672,000 | $196,000 | $1,244,000 | $116,000 | $1,597,000 |
| Home Purchase | 173 | $35,539,000 | $205,000 | $1,311,000 | $114,000 | $720,000 |
| Home Improvement | 49 | $3,812,000 | $77,000 | $325,000 | $72,000 | $172,000 |
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 | 235 | $35,764,000 | $152,000 | $667,000 | $94,000 | $397,000 |
| Not Provided | 159 | $40,661,000 | $255,000 | $1,311,000 | $143,000 | $1,597,000 |
| Black or African American | 32 | $2,724,000 | $85,000 | $409,000 | $46,000 | $240,000 |
| Asian | 20 | $4,186,000 | $209,000 | $660,000 | $170,000 | $720,000 |
| Hispanic | 19 | $3,688,000 | $194,000 | $390,000 | $95,000 | $415,000 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $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) | 413 | $80,639,000 | $195,000 | $1,311,000 | $119,000 | $1,597,000 |
| FHA-insured (Federal Housing Administration) | 42 | $4,583,000 | $109,000 | $270,000 | $43,000 | $154,000 |
| VA-guaranteed (Veterans Administration) | 10 | $1,801,000 | $180,000 | $352,000 | $45,000 | $116,000 |
| 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 | 203 | $32,421,000 | $159,000 | $667,000 | $102,000 | $397,000 |
| Loan Purchased By The Institution | 116 | $34,938,000 | $301,000 | $1,311,000 | $162,000 | $1,597,000 |
| Application Denied By Financial Institution | 56 | $6,801,000 | $121,000 | $390,000 | $54,000 | $415,000 |
| Application Withdrawn By Applicant | 35 | $6,024,000 | $172,000 | $660,000 | $129,000 | $720,000 |
| File Closed For Incompleteness | 21 | $2,847,000 | $135,000 | $296,000 | $77,000 | $147,000 |
| Preapproval Denied by Financial Institution | 18 | $2,010,000 | $111,000 | $200,000 | $63,000 | $286,000 |
| Application Approved But Not Accepted | 16 | $1,982,000 | $123,000 | $252,000 | $101,000 | $205,000 |
| Preapproval Approved but not Accepted | 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 | 46 | $5,461,000 | $118,000 | $390,000 | $59,000 | $415,000 |
| Collateral | 13 | $1,422,000 | $109,000 | $303,000 | $61,000 | $141,000 |
| Debt-To-Income Ratio | 12 | $1,727,000 | $143,000 | $360,000 | $43,000 | $157,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $66,000 | $66,000 | $66,000 | $44,000 | $44,000 |
| Other | 1 | $5,000 | $5,000 | $5,000 | $39,000 | $39,000 |
| Unverifiable Information | 1 | $130,000 | $130,000 | $130,000 | $43,000 | $43,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Auto Club Trust, FSB's 2016 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 Auto Club Trust, FSB'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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