Cb&T of East Alabama Mortgage Lending & HMDA Data, 2008
In 2008, Cb&T of East Alabama of Phenix City, AL reported 118 mortgage applications totaling $14.4 million, down 8% from 2007. The average application was for $122,355, and applicants reported an average income of $74,584. 93% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Columbus, GA-AL (59), Auburn-Opelika, AL (54) and Panama City-Lynn Haven, FL (2) (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 | 118 |
| Total Mortgage Loan Application Amount | $14,438,000 |
| Average Mortgage Loan Application Amount | $122,355 |
| Highest Mortgage Loan Application Amount | $1,753,000 |
| Average Applicant Income | $74,584 |
| Highest Applicant Income | $1,073,000 |
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Act (HMDA) records Cb&T of East Alabama filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 54 | $ 6,186,000 | $ 114,555 | $ 59,000 |
| Russell, Alabama | 42 | $ 4,817,000 | $ 114,690 | $ 102,000 |
| Muscogee, Georgia | 14 | $ 2,414,000 | $ 172,428 | $ 27,000 |
| Harris, Georgia | 3 | $ 160,000 | $ 53,333 | $ 173,000 |
| Bay, Florida | 2 | $ 421,000 | $ 210,500 | $ 94,000 |
| Chambers, Alabama | 1 | $ 125,000 | $ 125,000 | $ 180,000 |
| Randolph, Alabama | 1 | $ 150,000 | $ 150,000 | $ 47,000 |
| Fayette, Georgia | 1 | $ 165,000 | $ 165,000 | $ 80,000 |
Mortgage Loan Application Detail Totals for Cb&T of East Alabama in 2008
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 | 68 | $7,209,000 | $106,000 | $600,000 | $77,000 | $1,073,000 |
| Refinancing | 31 | $6,592,000 | $212,000 | $1,753,000 | $77,000 | $352,000 |
| Home Improvement | 19 | $637,000 | $33,000 | $148,000 | $62,000 | $132,000 |
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 | 68 | $7,661,000 | $112,000 | $1,045,000 | $122,000 | $1,073,000 |
| Not applicable | 42 | $6,415,000 | $152,000 | $1,753,000 | $0 | $10,000 |
| Black or African American | 4 | $239,000 | $59,000 | $80,000 | $64,000 | $79,000 |
| Not Provided | 2 | $47,000 | $23,000 | $35,000 | $67,000 | $108,000 |
| Hispanic | 1 | $25,000 | $25,000 | $25,000 | $21,000 | $21,000 |
| Asian | 1 | $51,000 | $51,000 | $51,000 | $115,000 | $115,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 118 | $14,438,000 | $122,000 | $1,753,000 | $75,000 | $1,073,000 |
| 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 | 110 | $14,147,000 | $128,000 | $1,753,000 | $76,000 | $1,073,000 |
| Application Denied By Financial Institution | 8 | $291,000 | $36,000 | $150,000 | $63,000 | $132,000 |
| 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 | 7 | $288,000 | $41,000 | $150,000 | $57,000 | $132,000 |
| Debt-To-Income Ratio | 1 | $3,000 | $3,000 | $3,000 | $106,000 | $106,000 |
| 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 2008 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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