Cb&T of East Alabama Mortgage Lending & HMDA Data, 2009
In 2009, Cb&T of East Alabama of Phenix City, AL reported 124 mortgage applications totaling $12.5 million, up 5% from 2008. The average application was for $100,637, and applicants reported an average income of $66,612. 88% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Auburn-Opelika, AL (61), Columbus, GA-AL (59) and Panama City-Lynn Haven-Panama City Beach, FL (1) (applications in parentheses).
| Mortgage Company & Address | Cb&T of East Alabama Po Box 2400 Phenix City, AL 36868 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 124 |
| Total Mortgage Loan Application Amount | $12,479,000 |
| Average Mortgage Loan Application Amount | $100,637 |
| Highest Mortgage Loan Application Amount | $1,470,000 |
| Average Applicant Income | $66,612 |
| Highest Applicant Income | $1,140,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cb&T of East Alabama filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lee, Alabama | 61 | $ 8,260,000 | $ 135,409 | $ 79,000 |
| Russell, Alabama | 48 | $ 2,575,000 | $ 53,645 | $ 45,000 |
| Muscogee, Georgia | 7 | $ 918,000 | $ 131,142 | $ 67,000 |
| Harris, Georgia | 3 | $ 91,000 | $ 30,333 | $ 84,000 |
| Tallapoosa, Alabama | 2 | $ 192,000 | $ 96,000 | $ 100,000 |
| Macon, Alabama | 1 | $ 2,000 | $ 2,000 | $ 10,000 |
| Bay, Florida | 1 | $ 91,000 | $ 91,000 | $ 227,000 |
| Marion, Georgia | 1 | $ 350,000 | $ 350,000 | $ 108,000 |
Mortgage Loan Application Detail Totals for Cb&T of East Alabama 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 | 50 | $4,338,000 | $86,000 | $436,000 | $72,000 | $1,140,000 |
| Refinancing | 47 | $7,613,000 | $161,000 | $1,470,000 | $71,000 | $227,000 |
| Home Improvement | 27 | $528,000 | $19,000 | $116,000 | $49,000 | $125,000 |
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 | 73 | $6,455,000 | $88,000 | $436,000 | $92,000 | $1,140,000 |
| Not applicable | 32 | $5,320,000 | $166,000 | $1,470,000 | $0 | $0 |
| Black or African American | 12 | $471,000 | $39,000 | $90,000 | $83,000 | $158,000 |
| Hispanic | 7 | $233,000 | $33,000 | $94,000 | $79,000 | $213,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 124 | $12,479,000 | $100,000 | $1,470,000 | $67,000 | $1,140,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 109 | $12,043,000 | $110,000 | $1,470,000 | $72,000 | $1,140,000 |
| Application Denied By Financial Institution | 15 | $436,000 | $29,000 | $117,000 | $28,000 | $52,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 10 | $158,000 | $15,000 | $50,000 | $29,000 | $48,000 |
| Debt-To-Income Ratio | 2 | $95,000 | $47,000 | $75,000 | $27,000 | $38,000 |
| Other | 1 | $49,000 | $49,000 | $49,000 | $52,000 | $52,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cb&T of East Alabama'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 Cb&T of East Alabama'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.
For a list of all lenders in Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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