Castle Mortgage Corporation Mortgage Lending & HMDA Data, 2005
In 2005, Castle Mortgage Corporation of Vestavia Hills, AL reported 1,813 mortgage applications totaling $275.8 million, down 3% from 2004. The average application was for $152,136, and applicants reported an average income of $71,926. 93% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Birmingham-Hoover, AL (684), Tampa-St. Petersburg-Clearwater, FL (224) and Montgomery, AL (103) (applications in parentheses).
| Mortgage Company & Address | Castle Mortgage Corporation 701 Montgomery Hwy South Suite 203 Vestavia Hills, AL 35216 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,813 |
| Total Mortgage Loan Application Amount | $275,824,000 |
| Average Mortgage Loan Application Amount | $152,136 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $71,926 |
| Highest Applicant Income | $816,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Castle Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Castle Mortgage Corporation 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 | 911 | $133,966,000 | $139,142 | $585,000 | $71,285 | $816,000 |
| Refinancing | 902 | $141,858,000 | $147,375 | $1,500,000 | $86,125 | $624,000 |
| 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 | 1,661 | $255,426,000 | $144,750 | $1,500,000 | $78,875 | $816,000 |
| Black or African American | 98 | $10,826,000 | $120,714 | $356,000 | $58,285 | $202,000 |
| Asian | 39 | $7,043,000 | $177,250 | $480,000 | $67,750 | $144,000 |
| Hispanic | 9 | $1,654,000 | $168,500 | $360,000 | $66,750 | $102,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $804,000 | $169,000 | $230,000 | $85,500 | $132,000 |
| American Indian or Alaskan Native | 1 | $71,000 | $71,000 | $71,000 | $36,000 | $36,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 1,793 | $273,418,000 | $144,500 | $1,500,000 | $77,625 | $816,000 |
| FHA-insured (Federal Housing Administration) | 14 | $1,450,000 | $103,000 | $150,000 | $52,000 | $108,000 |
| VA-guaranteed (Veterans Administration) | 6 | $956,000 | $148,000 | $197,000 | $55,000 | $72,000 |
| 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 | 1,679 | $255,709,000 | $144,875 | $892,000 | $74,375 | $816,000 |
| Application Denied By Financial Institution | 77 | $11,481,000 | $162,714 | $1,500,000 | $104,857 | $599,000 |
| Application Approved But Not Accepted | 36 | $5,763,000 | $163,000 | $520,000 | $63,800 | $98,000 |
| File Closed For Incompleteness | 21 | $2,871,000 | $107,250 | $286,000 | $59,500 | $180,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 24 | $4,626,000 | $192,000 | $1,500,000 | $145,500 | $599,000 |
| Debt-To-Income Ratio | 23 | $3,253,000 | $118,500 | $413,000 | $59,750 | $96,000 |
| Credit History | 17 | $2,370,000 | $182,333 | $360,000 | $84,000 | $114,000 |
| Unverifiable Information | 8 | $588,000 | $93,333 | $140,000 | $71,333 | $174,000 |
| Employment History | 2 | $380,000 | $190,000 | $230,000 | $84,000 | $84,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $140,000 | $140,000 | $140,000 | $54,000 | $54,000 |
| Other | 1 | $84,000 | $84,000 | $84,000 | $32,000 | $32,000 |
| Credit Application Incomplete | 1 | $40,000 | $40,000 | $40,000 | $64,000 | $64,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Castle Mortgage Corporation'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 Castle Mortgage Corporation'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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with aggregated HMDA statistics today.
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