Charter Bank Mortgage Lending & HMDA Data, 2008
In 2008, Charter Bank of Albuquerque, NM reported 8,348 mortgage applications totaling $1.4 billion, up 2% from 2007. The average application was for $168,339, and applicants reported an average income of $80,701. 30% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Albuquerque, NM (3,054), Las Cruces, NM (712) and Santa Fe, NM (393) (applications in parentheses).
| Mortgage Company & Address | Charter Bank 2130 Eubank Blvd Ne Albuquerque, NM 87112 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 8,348 |
| Total Mortgage Loan Application Amount | $1,405,294,000 |
| Average Mortgage Loan Application Amount | $168,339 |
| Highest Mortgage Loan Application Amount | $4,272,000 |
| Average Applicant Income | $80,701 |
| Highest Applicant Income | $3,265,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Charter Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Albuquerque, NM | 3,054 | $ 547,860,000 | $ 179,390 | $ 78,000 |
| Las Cruces, NM | 712 | $ 120,922,000 | $ 169,834 | $ 94,000 |
| Santa Fe, NM | 393 | $ 106,304,000 | $ 270,493 | $ 114,000 |
| Lubbock, TX | 256 | $ 32,222,000 | $ 125,867 | $ 87,000 |
| Amarillo, TX | 214 | $ 22,888,000 | $ 106,953 | $ 53,000 |
| Midland, TX | 206 | $ 32,402,000 | $ 157,291 | $ 107,000 |
| El Paso, TX | 135 | $ 19,900,000 | $ 147,407 | $ 75,000 |
| Idaho Falls, ID | 126 | $ 19,264,000 | $ 152,888 | $ 61,000 |
| San Angelo, TX | 102 | $ 13,734,000 | $ 134,647 | $ 76,000 |
| Dallas-Plano-Irving, TX | 88 | $ 14,225,000 | $ 161,647 | $ 75,000 |
| Farmington, NM | 88 | $ 15,414,000 | $ 175,159 | $ 86,000 |
| Fort Worth-Arlington, TX | 67 | $ 11,076,000 | $ 165,313 | $ 94,000 |
| Abilene, TX | 60 | $ 6,971,000 | $ 116,183 | $ 65,000 |
| Tampa-St. Petersburg-Clearwater, FL | 59 | $ 8,643,000 | $ 146,491 | $ 117,000 |
| Odessa, TX | 58 | $ 9,269,000 | $ 159,810 | $ 91,000 |
| Miami-Miami Beach-Kendall, FL | 46 | $ 8,355,000 | $ 181,630 | $ 128,000 |
| Los Angeles-Long Beach-Glendale, CA | 43 | $ 9,770,000 | $ 227,209 | $ 107,000 |
| Orlando-Kissimmee, FL | 38 | $ 5,527,000 | $ 145,447 | $ 83,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 35 | $ 5,630,000 | $ 160,857 | $ 86,000 |
| Jacksonville, FL | 28 | $ 3,508,000 | $ 125,285 | $ 84,000 |
| Riverside-San Bernardino-Ontario, CA | 26 | $ 5,239,000 | $ 201,500 | $ 104,000 |
| Houston-Sugar Land-Baytown, TX | 24 | $ 4,318,000 | $ 179,916 | $ 96,000 |
| College Station-Bryan, TX | 21 | $ 2,780,000 | $ 132,380 | $ 102,000 |
| Seattle-Bellevue-Everett, WA | 21 | $ 6,159,000 | $ 293,285 | $ 91,000 |
| San Antonio, TX | 18 | $ 3,062,000 | $ 170,111 | $ 70,000 |
| Austin-Round Rock, TX | 16 | $ 4,119,000 | $ 257,437 | $ 213,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 16 | $ 3,381,000 | $ 211,312 | $ 90,000 |
| Portland-Vancouver-Beaverton, OR-WA | 15 | $ 2,920,000 | $ 194,666 | $ 84,400 |
| Denver-Aurora, CO | 14 | $ 3,592,000 | $ 256,571 | $ 107,000 |
| Killeen-Temple-Fort Hood, TX | 14 | $ 1,375,000 | $ 98,214 | $ 52,000 |
| Phoenix-Mesa-Scottsdale, AZ | 14 | $ 2,688,000 | $ 192,000 | $ 124,000 |
| Cape Coral-Fort Myers, FL | 13 | $ 1,560,000 | $ 120,000 | $ 120,000 |
| Port St. Lucie, FL | 10 | $ 1,390,000 | $ 139,000 | $ 119,000 |
| Bradenton-Sarasota-Venice, FL | 8 | $ 1,255,000 | $ 156,875 | $ 77,000 |
| Lakeland-Winter Haven, FL | 8 | $ 1,025,000 | $ 128,125 | $ 98,000 |
| Palm Bay-Melbourne-Titusville, FL | 8 | $ 946,000 | $ 118,250 | $ 73,000 |
| Bakersfield, CA | 7 | $ 854,000 | $ 122,000 | $ 44,000 |
| Beaumont-Port Arthur, TX | 7 | $ 798,000 | $ 114,000 | $ 78,000 |
| Boise City-Nampa, ID | 7 | $ 1,557,000 | $ 222,428 | $ 78,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 7 | $ 703,000 | $ 100,428 | $ 48,000 |
| Naples-Marco Island, FL | 7 | $ 1,281,000 | $ 183,000 | $ 117,000 |
| Las Vegas-Paradise, NV | 6 | $ 1,029,000 | $ 171,500 | $ 77,000 |
| Oakland-Fremont-Hayward, CA | 5 | $ 1,116,000 | $ 223,200 | $ 67,000 |
| Ocala, FL | 5 | $ 672,000 | $ 134,400 | $ 82,000 |
| Salt Lake City, UT | 5 | $ 1,373,000 | $ 274,600 | $ 126,000 |
| Sherman-Denison, TX | 5 | $ 1,045,000 | $ 209,000 | $ 82,000 |
| Tucson, AZ | 5 | $ 506,000 | $ 101,200 | $ 56,000 |
| Colorado Springs, CO | 4 | $ 441,000 | $ 110,250 | $ 48,000 |
| Modesto, CA | 4 | $ 1,007,000 | $ 251,750 | $ 85,000 |
| Pensacola-Ferry Pass-Brent, FL | 4 | $ 496,000 | $ 124,000 | $ 49,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 4 | $ 742,000 | $ 185,500 | $ 87,000 |
| San Diego-Carlsbad-San Marcos, CA | 4 | $ 1,496,000 | $ 374,000 | $ 122,000 |
| Tacoma, WA | 4 | $ 440,000 | $ 110,000 | $ 57,000 |
| Fresno, CA | 3 | $ 439,000 | $ 146,333 | $ 87,000 |
| Grand Junction, CO | 3 | $ 353,000 | $ 117,666 | $ 60,000 |
| Ogden-Clearfield, UT | 3 | $ 983,000 | $ 327,666 | $ 177,000 |
| Pocatello, ID | 3 | $ 610,000 | $ 203,333 | $ 58,000 |
| Santa Ana-Anaheim-Irvine, CA | 3 | $ 687,000 | $ 229,000 | $ 108,000 |
| Stockton, CA | 3 | $ 673,000 | $ 224,333 | $ 70,000 |
| Tyler, TX | 3 | $ 365,000 | $ 121,666 | $ 53,000 |
| Vallejo-Fairfield, CA | 3 | $ 728,000 | $ 242,666 | $ 145,000 |
| Bremerton-Silverdale, WA | 2 | $ 342,000 | $ 171,000 | $ 47,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 339,000 | $ 169,500 | $ 66,000 |
| Gainesville, FL | 2 | $ 384,000 | $ 192,000 | $ 88,000 |
| Punta Gorda, FL | 2 | $ 322,000 | $ 161,000 | $ 270,000 |
| Salinas, CA | 2 | $ 481,000 | $ 240,500 | $ 70,000 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 521,000 | $ 260,500 | $ 110,000 |
| Wichita Falls, TX | 2 | $ 291,000 | $ 145,500 | $ 50,000 |
| Bellingham, WA | 1 | $ 158,000 | $ 158,000 | $ 54,000 |
| Boulder, CO | 1 | $ 158,000 | $ 158,000 | $ 120,000 |
| Coeur D'Alene, ID | 1 | $ 128,000 | $ 128,000 | $ 67,000 |
| Laredo, TX | 1 | $ 173,000 | $ 173,000 | $ 86,000 |
| Madera, CA | 1 | $ 185,000 | $ 185,000 | $ 65,000 |
| Merced, CA | 1 | $ 90,000 | $ 90,000 | $ 43,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 135,000 | $ 135,000 | $ 40,000 |
| Olympia, WA | 1 | $ 480,000 | $ 480,000 | $ 256,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 500,000 | $ 500,000 | $ 149,000 |
| Panama City-Lynn Haven, FL | 1 | $ 145,000 | $ 145,000 | $ 42,000 |
| Redding, CA | 1 | $ 142,000 | $ 142,000 | $ 42,000 |
| Reno-Sparks, NV | 1 | $ 273,000 | $ 273,000 | $ 114,000 |
| Salem, OR | 1 | $ 351,000 | $ 351,000 | $ 216,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 525,000 | $ 525,000 | $ 585,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 215,000 | $ 215,000 | $ 80,000 |
| Sebastian-Vero Beach, FL | 1 | $ 105,000 | $ 105,000 | $ 48,000 |
| Tallahassee, FL | 1 | $ 110,000 | $ 110,000 | $ 73,000 |
| Victoria, TX | 1 | $ 128,000 | $ 128,000 | $ 120,000 |
| Visalia-Porterville, CA | 1 | $ 100,000 | $ 100,000 | $ 42,000 |
| Yuma, AZ | 1 | $ 87,000 | $ 87,000 | $ 41,000 |
Mortgage Loan Application Detail Totals for Charter Bank 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 | 5,268 | $812,899,000 | $154,000 | $1,500,000 | $75,000 | $2,351,000 |
| Refinancing | 2,800 | $556,179,000 | $198,000 | $4,272,000 | $92,000 | $3,265,000 |
| Home Improvement | 280 | $36,216,000 | $129,000 | $720,000 | $75,000 | $489,000 |
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 | 4,361 | $774,089,000 | $177,000 | $4,272,000 | $89,000 | $1,800,000 |
| Hispanic | 2,436 | $347,311,000 | $142,000 | $800,000 | $64,000 | $2,351,000 |
| Not Provided | 1,204 | $225,648,000 | $187,000 | $2,000,000 | $83,000 | $3,265,000 |
| Black or African American | 186 | $27,320,000 | $146,000 | $750,000 | $69,000 | $413,000 |
| Asian | 89 | $17,992,000 | $202,000 | $820,000 | $106,000 | $757,000 |
| American Indian or Alaskan Native | 59 | $9,242,000 | $156,000 | $600,000 | $70,000 | $204,000 |
| Native Hawaiian or Other Pacific Islander | 12 | $3,182,000 | $265,000 | $718,000 | $132,000 | $585,000 |
| Not applicable | 1 | $510,000 | $510,000 | $510,000 | $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) | 4,389 | $861,530,000 | $196,000 | $4,272,000 | $103,000 | $3,265,000 |
| FHA-insured (Federal Housing Administration) | 3,280 | $430,287,000 | $131,000 | $363,000 | $56,000 | $1,636,000 |
| VA-guaranteed (Veterans Administration) | 599 | $104,841,000 | $175,000 | $417,000 | $58,000 | $244,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 80 | $8,636,000 | $107,000 | $258,000 | $40,000 | $75,000 |
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 Purchased By The Institution | 3,123 | $454,874,000 | $145,000 | $480,000 | $77,000 | $3,265,000 |
| Loan Originated | 2,514 | $450,263,000 | $179,000 | $1,500,000 | $86,000 | $2,351,000 |
| Application Withdrawn By Applicant | 810 | $139,393,000 | $172,000 | $1,500,000 | $70,000 | $2,046,000 |
| Application Approved But Not Accepted | 703 | $150,430,000 | $213,000 | $4,272,000 | $102,000 | $1,951,000 |
| Application Denied By Financial Institution | 673 | $125,627,000 | $186,000 | $1,125,000 | $86,000 | $1,281,000 |
| Preapproval Denied by Financial Institution | 373 | $56,400,000 | $151,000 | $600,000 | $57,000 | $1,183,000 |
| Preapproval Approved but not Accepted | 151 | $28,279,000 | $187,000 | $417,000 | $72,000 | $1,200,000 |
| File Closed For Incompleteness | 1 | $28,000 | $28,000 | $28,000 | $50,000 | $50,000 |
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 Application Incomplete | 341 | $61,870,000 | $181,000 | $700,000 | $69,000 | $1,183,000 |
| Debt-To-Income Ratio | 223 | $40,695,000 | $182,000 | $1,100,000 | $61,000 | $404,000 |
| Credit History | 186 | $25,677,000 | $138,000 | $1,018,000 | $62,000 | $1,200,000 |
| Other | 119 | $25,424,000 | $213,000 | $1,125,000 | $138,000 | $1,281,000 |
| Collateral | 110 | $16,427,000 | $149,000 | $452,000 | $85,000 | $487,000 |
| Employment History | 29 | $4,195,000 | $144,000 | $417,000 | $58,000 | $508,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 20 | $3,845,000 | $192,000 | $675,000 | $88,000 | $225,000 |
| Unverifiable Information | 16 | $3,600,000 | $225,000 | $500,000 | $98,000 | $180,000 |
| Mortgage Insurance Denied | 2 | $294,000 | $147,000 | $182,000 | $40,000 | $45,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Charter Bank'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 Charter Bank'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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