Cb&T of East Alabama Mortgage Lending & HMDA Data, 2007
In 2007, Cb&T of East Alabama of Phenix City, AL reported 128 mortgage applications totaling $20.4 million, up 2% from 2006. The average application was for $159,046, and applicants reported an average income of $45,625. 94% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Columbus, GA-AL (80), Auburn-Opelika, AL (42) and Fort Walton Beach-Crestview-Destin, 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 | 128 |
| Total Mortgage Loan Application Amount | $20,358,000 |
| Average Mortgage Loan Application Amount | $159,046 |
| Highest Mortgage Loan Application Amount | $2,417,000 |
| Average Applicant Income | $45,625 |
| Highest Applicant Income | $924,000 |
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Act (HMDA) records Cb&T of East Alabama filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 42 | $ 10,152,000 | $ 241,714 | $ 89,000 |
| Muscogee, Georgia | 41 | $ 2,904,000 | $ 70,829 | $ 3,000 |
| Russell, Alabama | 38 | $ 5,727,000 | $ 150,710 | $ 35,000 |
| Barbour, Alabama | 1 | $ 11,000 | $ 11,000 | $ 2,000 |
| Chambers, Alabama | 1 | $ 121,000 | $ 121,000 | $ 0 |
| Macon, Alabama | 1 | $ 3,000 | $ 3,000 | $ 19,000 |
| Tallapoosa, Alabama | 1 | $ 308,000 | $ 308,000 | $ 0 |
| Okaloosa, Florida | 1 | $ 702,000 | $ 702,000 | $ 242,000 |
| Bibb, Georgia | 1 | $ 400,000 | $ 400,000 | $ 252,000 |
| Harris, Georgia | 1 | $ 30,000 | $ 30,000 | $ 100,000 |
Mortgage Loan Application Detail Totals for Cb&T of East Alabama in 2007
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 | 85 | $12,862,000 | $151,000 | $2,417,000 | $26,000 | $350,000 |
| Refinancing | 28 | $7,045,000 | $251,000 | $1,393,000 | $105,000 | $924,000 |
| Home Improvement | 15 | $451,000 | $30,000 | $126,000 | $46,000 | $100,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 63 | $12,686,000 | $201,000 | $2,417,000 | $0 | $0 |
| White | 55 | $6,820,000 | $124,000 | $1,200,000 | $99,000 | $924,000 |
| Black or African American | 9 | $840,000 | $93,000 | $447,000 | $42,000 | $136,000 |
| Asian | 1 | $12,000 | $12,000 | $12,000 | $37,000 | $37,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 128 | $20,358,000 | $159,000 | $2,417,000 | $45,000 | $924,000 |
| 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 | 120 | $19,946,000 | $166,000 | $2,417,000 | $46,000 | $924,000 |
| Application Denied By Financial Institution | 6 | $277,000 | $46,000 | $229,000 | $26,000 | $73,000 |
| Application Approved But Not Accepted | 2 | $135,000 | $67,000 | $105,000 | $85,000 | $100,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 6 | $277,000 | $46,000 | $229,000 | $26,000 | $73,000 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 2007 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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