Cb&T of East Alabama Mortgage Lending & HMDA Data, 2005
In 2005, Cb&T of East Alabama of Phenix City, AL reported 132 mortgage applications totaling $14.4 million, down 4% from 2004. The average application was for $108,787, and applicants reported an average income of $47,212. 85% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Auburn-Opelika, AL (44), Columbus, GA-AL (12) and Atlanta-Sandy Springs-Marietta, GA (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 | 132 |
| Total Mortgage Loan Application Amount | $14,360,000 |
| Average Mortgage Loan Application Amount | $108,787 |
| Highest Mortgage Loan Application Amount | $3,178,000 |
| Average Applicant Income | $47,212 |
| Highest Applicant Income | $600,000 |
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Act (HMDA) records Cb&T of East Alabama filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Russell, Alabama | 73 | $ 2,704,000 | $ 37,041 | $ 41,000 |
| Lee, Alabama | 44 | $ 6,656,000 | $ 151,272 | $ 63,000 |
| Muscogee, Georgia | 12 | $ 4,927,000 | $ 410,583 | $ 41,000 |
| Chambers, Alabama | 1 | $ 3,000 | $ 3,000 | $ 60,000 |
| Gwinnett, Georgia | 1 | $ 62,000 | $ 62,000 | $ 80,000 |
| Troup, Georgia | 1 | $ 8,000 | $ 8,000 | $ 128,000 |
Mortgage Loan Application Detail Totals for Cb&T of East Alabama 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 | 55 | $7,628,000 | $330,500 | $3,178,000 | $50,500 | $600,000 |
| Home Improvement | 41 | $563,000 | $9,500 | $249,000 | $62,000 | $128,000 |
| Refinancing | 36 | $6,169,000 | $203,500 | $1,386,000 | $46,500 | $286,000 |
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 | 70 | $6,513,000 | $106,000 | $1,614,000 | $68,000 | $600,000 |
| Not applicable | 39 | $7,122,000 | $442,000 | $3,178,000 | $0 | $0 |
| Black or African American | 20 | $631,000 | $31,000 | $160,000 | $42,000 | $120,000 |
| Hispanic | 1 | $24,000 | $24,000 | $24,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $31,000 | $31,000 | $31,000 | $140,000 | $140,000 |
| Asian | 1 | $39,000 | $39,000 | $39,000 | $102,000 | $102,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 132 | $14,360,000 | $217,500 | $3,178,000 | $52,500 | $600,000 |
| 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 | 112 | $14,043,000 | $236,000 | $3,178,000 | $53,500 | $600,000 |
| Application Denied By Financial Institution | 16 | $179,000 | $11,000 | $35,000 | $31,000 | $60,000 |
| Application Withdrawn By Applicant | 2 | $71,000 | $35,000 | $40,000 | $25,000 | $26,000 |
| Application Approved But Not Accepted | 2 | $67,000 | $33,500 | $39,000 | $90,000 | $102,000 |
| File Closed For Incompleteness | 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 | 15 | $144,000 | $9,000 | $30,000 | $31,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $35,000 | $35,000 | $35,000 | $33,000 | $33,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cb&T of East Alabama'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 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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