Charter Bank Mortgage Lending & HMDA Data, 2003
In 2003, Charter Bank of Albuquerque, NM reported 11,366 mortgage applications totaling $1.4 billion. The average application was for $122,373, and applicants reported an average income of $37,029. 53% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Albuquerque, NM (6,091), Las Cruces, NM (1,151) and Santa Fe, NM (636) (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 | 11,366 |
| Total Mortgage Loan Application Amount | $1,390,901,000 |
| Average Mortgage Loan Application Amount | $122,373 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $37,029 |
| Highest Applicant Income | $1,184,000 |
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Act (HMDA) records Charter Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 6,091 | $ 763,885,000 | $ 125,412 | $ 44,000 |
| Las Cruces, NM | 1,151 | $ 136,402,000 | $ 118,507 | $ 30,000 |
| Santa Fe, NM | 636 | $ 107,206,000 | $ 168,562 | $ 60,000 |
| El Paso, TX | 243 | $ 23,275,000 | $ 95,781 | $ 16,000 |
| Lubbock, TX | 211 | $ 23,543,000 | $ 111,578 | $ 58,000 |
| Amarillo, TX | 181 | $ 15,928,000 | $ 88,000 | $ 14,000 |
| Phoenix-Mesa, AZ | 159 | $ 18,948,000 | $ 119,169 | $ 33,000 |
| Pocatello, ID | 72 | $ 6,743,000 | $ 93,652 | $ 0 |
| Detroit, MI | 61 | $ 5,483,000 | $ 89,885 | $ 0 |
| San Angelo, TX | 61 | $ 6,734,000 | $ 110,393 | $ 14,000 |
| Abilene, TX | 58 | $ 5,415,000 | $ 93,362 | $ 28,000 |
| Houston, TX | 35 | $ 4,240,000 | $ 121,142 | $ 37,000 |
| Fort Worth-Arlington, TX | 32 | $ 4,379,000 | $ 136,843 | $ 15,000 |
| Chicago, IL | 29 | $ 3,863,000 | $ 133,206 | $ 0 |
| Austin-San Marcos, TX | 19 | $ 3,070,000 | $ 161,578 | $ 28,000 |
| Dallas, TX | 19 | $ 2,670,000 | $ 140,526 | $ 36,000 |
| St. Louis, MO-IL | 19 | $ 1,593,000 | $ 83,842 | $ 0 |
| Tampa-St. Petersburg-Clearwater, FL | 19 | $ 1,827,000 | $ 96,157 | $ 0 |
| Fayetteville, NC | 17 | $ 1,659,000 | $ 97,588 | $ 0 |
| Fort Myers-Cape Coral, FL | 16 | $ 1,502,000 | $ 93,875 | $ 0 |
| Denver, CO | 15 | $ 2,637,000 | $ 175,800 | $ 39,000 |
| Boise City, ID | 12 | $ 2,114,000 | $ 176,166 | $ 0 |
| Grand Rapids-Muskegon-Holland, MI | 12 | $ 1,225,000 | $ 102,083 | $ 0 |
| Minneapolis-St. Paul, MN-WI | 12 | $ 2,152,000 | $ 179,333 | $ 0 |
| Orlando, FL | 9 | $ 1,011,000 | $ 112,333 | $ 0 |
| Tucson, AZ | 9 | $ 868,000 | $ 96,444 | $ 5,000 |
| Odessa-Midland, TX | 8 | $ 726,000 | $ 90,750 | $ 0 |
| Pittsburgh, PA | 8 | $ 467,000 | $ 58,375 | $ 0 |
| Miami, FL | 7 | $ 677,000 | $ 96,714 | $ 0 |
| Philadelphia, PA-NJ | 7 | $ 600,000 | $ 85,714 | $ 0 |
| Cleveland-Lorain-Elyria, OH | 6 | $ 623,000 | $ 103,833 | $ 0 |
| Colorado Springs, CO | 6 | $ 1,094,000 | $ 182,333 | $ 76,000 |
| Las Vegas, NV-AZ | 6 | $ 961,000 | $ 160,166 | $ 0 |
| Baton Rouge, LA | 5 | $ 441,000 | $ 88,200 | $ 0 |
| Columbia, SC | 5 | $ 355,000 | $ 71,000 | $ 0 |
| Dayton-Springfield, OH | 5 | $ 472,000 | $ 94,400 | $ 0 |
| Fort Lauderdale, FL | 5 | $ 602,000 | $ 120,400 | $ 0 |
| Lansing-East Lansing, MI | 5 | $ 384,000 | $ 76,800 | $ 0 |
| Little Rock-North Little Rock, AR | 5 | $ 502,000 | $ 100,400 | $ 0 |
| New Orleans, LA | 5 | $ 562,000 | $ 112,400 | $ 0 |
| Baltimore, MD | 4 | $ 790,000 | $ 197,500 | $ 0 |
| Bryan-College Station, TX | 4 | $ 403,000 | $ 100,750 | $ 56,000 |
| Flint, MI | 4 | $ 486,000 | $ 121,500 | $ 0 |
| Kansas City, MO-KS | 4 | $ 196,000 | $ 49,000 | $ 0 |
| Longview-Marshall, TX | 4 | $ 282,000 | $ 70,500 | $ 0 |
| Louisville, KY-IN | 4 | $ 495,000 | $ 123,750 | $ 0 |
| Nashville, TN | 4 | $ 279,000 | $ 69,750 | $ 0 |
| Corpus Christi, TX | 3 | $ 551,000 | $ 183,666 | $ 34,000 |
| Lakeland-Winter Haven, FL | 3 | $ 185,000 | $ 61,666 | $ 0 |
| Ocala, FL | 3 | $ 224,000 | $ 74,666 | $ 0 |
| Owensboro, KY | 3 | $ 273,000 | $ 91,000 | $ 0 |
| Springfield, MO | 3 | $ 236,000 | $ 78,666 | $ 0 |
| Allentown-Bethlehem-Easton, PA | 2 | $ 195,000 | $ 97,500 | $ 0 |
| Chattanooga, TN-GA | 2 | $ 213,000 | $ 106,500 | $ 0 |
| Daytona Beach, FL | 2 | $ 117,000 | $ 58,500 | $ 0 |
| Elkhart-Goshen, IN | 2 | $ 212,000 | $ 106,000 | $ 0 |
| Fort Pierce-Port St. Lucie, FL | 2 | $ 155,000 | $ 77,500 | $ 0 |
| Fort Wayne, IN | 2 | $ 126,000 | $ 63,000 | $ 0 |
| Gary, IN | 2 | $ 340,000 | $ 170,000 | $ 0 |
| Greeley, CO | 2 | $ 274,000 | $ 137,000 | $ 94,000 |
| Greensboro--Winston-Salem--High Point, NC | 2 | $ 203,000 | $ 101,500 | $ 0 |
| Indianapolis, IN | 2 | $ 137,000 | $ 68,500 | $ 0 |
| Jacksonville, FL | 2 | $ 113,000 | $ 56,500 | $ 0 |
| Memphis, TN-AR-MS | 2 | $ 223,000 | $ 111,500 | $ 0 |
| Monroe, LA | 2 | $ 125,000 | $ 62,500 | $ 0 |
| Saginaw-Bay City-Midland, MI | 2 | $ 132,000 | $ 66,000 | $ 0 |
| Waco, TX | 2 | $ 357,000 | $ 178,500 | $ 0 |
| West Palm Beach-Boca Raton, FL | 2 | $ 309,000 | $ 154,500 | $ 0 |
| Youngstown-Warren, OH | 2 | $ 212,000 | $ 106,000 | $ 0 |
| Akron, OH | 1 | $ 138,000 | $ 138,000 | $ 0 |
| Ann Arbor, MI | 1 | $ 93,000 | $ 93,000 | $ 0 |
| Asheville, NC | 1 | $ 180,000 | $ 180,000 | $ 0 |
| Beaumont-Port Arthur, TX | 1 | $ 58,000 | $ 58,000 | $ 0 |
| Bloomington-Normal, IL | 1 | $ 85,000 | $ 85,000 | $ 0 |
| Boulder-Longmont, CO | 1 | $ 96,000 | $ 96,000 | $ 62,000 |
| Brazoria, TX | 1 | $ 116,000 | $ 116,000 | $ 100,000 |
| Cincinnati, OH-KY-IN | 1 | $ 88,000 | $ 88,000 | $ 0 |
| Columbus, OH | 1 | $ 129,000 | $ 129,000 | $ 0 |
| Danville, VA | 1 | $ 48,000 | $ 48,000 | $ 0 |
| Dover, DE | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Erie, PA | 1 | $ 43,000 | $ 43,000 | $ 0 |
| Flagstaff, AZ-UT | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Fort Collins-Loveland, CO | 1 | $ 193,000 | $ 193,000 | $ 200,000 |
| Fort Smith, AR-OK | 1 | $ 87,000 | $ 87,000 | $ 0 |
| Galveston-Texas City, TX | 1 | $ 43,000 | $ 43,000 | $ 0 |
| Goldsboro, NC | 1 | $ 60,000 | $ 60,000 | $ 0 |
| Houma, LA | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Johnson City-Kingsport-Bristol, TN-VA | 1 | $ 49,000 | $ 49,000 | $ 0 |
| Jonesboro, AR | 1 | $ 137,000 | $ 137,000 | $ 0 |
| Kalamazoo-Battle Creek, MI | 1 | $ 53,000 | $ 53,000 | $ 0 |
| Kankakee, IL | 1 | $ 64,000 | $ 64,000 | $ 0 |
| Killeen-Temple, TX | 1 | $ 43,000 | $ 43,000 | $ 0 |
| Knoxville, TN | 1 | $ 101,000 | $ 101,000 | $ 0 |
| Kokomo, IN | 1 | $ 111,000 | $ 111,000 | $ 0 |
| Lafayette, LA | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Lake Charles, LA | 1 | $ 66,000 | $ 66,000 | $ 0 |
| Lexington, KY | 1 | $ 77,000 | $ 77,000 | $ 0 |
| Lynchburg, VA | 1 | $ 126,000 | $ 126,000 | $ 0 |
| Myrtle Beach, SC | 1 | $ 58,000 | $ 58,000 | $ 0 |
| Norfolk-Virginia Beach-Newport News, VA-NC | 1 | $ 109,000 | $ 109,000 | $ 0 |
| Oakland, CA | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Peoria-Pekin, IL | 1 | $ 99,000 | $ 99,000 | $ 0 |
| Pine Bluff, AR | 1 | $ 80,000 | $ 80,000 | $ 0 |
| Pueblo, CO | 1 | $ 172,000 | $ 172,000 | $ 0 |
| Raleigh-Durham-Chapel Hill, NC | 1 | $ 60,000 | $ 60,000 | $ 0 |
| Riverside-San Bernardino, CA | 1 | $ 208,000 | $ 208,000 | $ 0 |
| Rockford, IL | 1 | $ 38,000 | $ 38,000 | $ 0 |
| Rocky Mount, NC | 1 | $ 122,000 | $ 122,000 | $ 0 |
| Sharon, PA | 1 | $ 55,000 | $ 55,000 | $ 0 |
| Sumter, SC | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Terre Haute, IN | 1 | $ 45,000 | $ 45,000 | $ 0 |
| Toledo, OH | 1 | $ 69,000 | $ 69,000 | $ 0 |
| Topeka, KS | 1 | $ 20,000 | $ 20,000 | $ 0 |
| Wichita Falls, TX | 1 | $ 58,000 | $ 58,000 | $ 0 |
| Wichita, KS | 1 | $ 188,000 | $ 188,000 | $ 0 |
| York, PA | 1 | $ 190,000 | $ 190,000 | $ 0 |
Mortgage Loan Application Detail Totals for Charter Bank in 2003
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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 6,562 | $788,159,000 | $111,518 | $1,500,000 | $6,407 | $781,000 |
| Home Purchase (one-to-four family) | 4,790 | $601,778,000 | $110,068 | $1,100,000 | $3,931 | $1,184,000 |
| Home Improvement (one-to-four family) | 14 | $964,000 | $68,000 | $320,000 | $61,000 | $202,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 4,718 | $642,486,000 | $163,000 | $1,500,000 | $92,400 | $781,000 |
| Not applicable | 4,092 | $460,219,000 | $111,500 | $861,000 | $0 | $0 |
| Hispanic | 1,858 | $203,864,000 | $110,666 | $419,000 | $42,666 | $1,184,000 |
| Information not provided by applicant in mail or telephone application | 339 | $39,893,000 | $119,750 | $605,000 | $42,000 | $334,000 |
| Black | 102 | $11,329,000 | $75,750 | $305,000 | $52,000 | $161,000 |
| Asian or Pacific Islander | 88 | $11,494,000 | $128,000 | $480,000 | $67,000 | $462,000 |
| Other | 85 | $12,149,000 | $142,000 | $595,000 | $52,000 | $300,000 |
| American Indian or Alaskan Native | 84 | $9,467,000 | $112,000 | $240,000 | $50,000 | $162,000 |
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) | 7,244 | $961,139,000 | $113,900 | $1,500,000 | $6,866 | $1,184,000 |
| FHA-insured (Federal Housing Administration) | 2,968 | $290,578,000 | $94,750 | $240,000 | $13,000 | $289,000 |
| VA-guaranteed (Veterans Administration) | 1,108 | $134,803,000 | $124,800 | $273,000 | $28,800 | $144,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 46 | $4,381,000 | $93,000 | $143,000 | $10,500 | $63,000 |
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 Originated | 6,044 | $772,226,000 | $155,600 | $1,100,000 | $79,000 | $1,184,000 |
| Loan Purchased By The Institution | 4,092 | $460,219,000 | $111,500 | $861,000 | $0 | $0 |
| Application Withdrawn By Applicant | 480 | $61,802,000 | $127,000 | $640,000 | $81,750 | $750,000 |
| Application Denied By Financial Institution | 454 | $52,530,000 | $159,600 | $1,500,000 | $104,400 | $781,000 |
| Application Approved But Not Accepted | 296 | $44,124,000 | $165,500 | $650,000 | $63,500 | $301,000 |
| File Closed For Incompleteness | 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 Application Incomplete | 148 | $18,840,000 | $170,000 | $880,000 | $77,000 | $443,000 |
| Credit History | 107 | $11,656,000 | $118,250 | $1,000,000 | $67,250 | $781,000 |
| Debt-To-Income Ratio | 92 | $10,363,000 | $283,500 | $459,000 | $246,500 | $456,000 |
| Other | 63 | $7,541,000 | $92,000 | $1,500,000 | $62,000 | $200,000 |
| Collateral | 29 | $2,452,000 | $84,000 | $225,000 | $54,000 | $250,000 |
| Employment History | 6 | $597,000 | $111,000 | $129,000 | $45,000 | $85,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $462,000 | $92,000 | $122,000 | $12,000 | $26,000 |
| Unverifiable Information | 3 | $552,000 | $155,500 | $292,000 | $116,000 | $225,000 |
| Mortgage Insurance Denied | 1 | $67,000 | $67,000 | $67,000 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Charter Bank's 2003 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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