Cimarron Mortgage Company Mortgage Lending & HMDA Data, 2010
In 2010, Cimarron Mortgage Company of Jackson, MS reported 2,170 mortgage applications totaling $298.0 million, down 27% from 2009. The average application was for $137,317, and applicants reported an average income of $74,953. 59% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Lafayette, LA (193), Jackson, MS (77) and Baton Rouge, LA (70) (applications in parentheses).
| Mortgage Company & Address | Cimarron Mortgage Company 6311 Ridgewood Rd, Suite 400w Jackson, MS 39211 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,170 |
| Total Mortgage Loan Application Amount | $297,979,000 |
| Average Mortgage Loan Application Amount | $137,317 |
| Highest Mortgage Loan Application Amount | $450,000 |
| Average Applicant Income | $74,953 |
| Highest Applicant Income | $1,896,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cimarron Mortgage Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Lafayette, LA | 193 | $ 33,858,000 | $ 175,430 | $ 97,000 |
| Jackson, MS | 77 | $ 11,754,000 | $ 152,649 | $ 73,000 |
| Baton Rouge, LA | 70 | $ 12,817,000 | $ 183,100 | $ 91,000 |
| Memphis, TN-MS-AR | 48 | $ 6,273,000 | $ 130,687 | $ 58,916 |
| New Orleans-Metairie-Kenner, LA | 38 | $ 8,241,000 | $ 216,868 | $ 127,000 |
| Lexington-Fayette, KY | 34 | $ 4,834,000 | $ 142,176 | $ 87,000 |
| Mobile, AL | 27 | $ 3,647,000 | $ 135,074 | $ 71,000 |
| Hattiesburg, MS | 26 | $ 3,106,000 | $ 119,461 | $ 48,000 |
| Monroe, LA | 12 | $ 1,637,000 | $ 136,416 | $ 62,000 |
| Chattanooga, TN-GA | 9 | $ 1,762,000 | $ 195,777 | $ 174,555 |
| Gulfport-Biloxi, MS | 8 | $ 825,000 | $ 103,125 | $ 48,000 |
| Pascagoula, MS | 8 | $ 887,000 | $ 110,875 | $ 36,000 |
| Atlanta-Sandy Springs-Marietta, GA | 7 | $ 835,000 | $ 119,285 | $ 62,000 |
| Bowling Green, KY | 6 | $ 868,000 | $ 144,666 | $ 75,000 |
| Albany, GA | 5 | $ 553,000 | $ 110,600 | $ 60,000 |
| Brunswick, GA | 5 | $ 681,000 | $ 136,200 | $ 73,000 |
| Knoxville, TN | 4 | $ 449,000 | $ 112,250 | $ 74,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 4 | $ 585,000 | $ 146,250 | $ 73,000 |
| Shreveport-Bossier City, LA | 4 | $ 719,000 | $ 179,750 | $ 73,000 |
| Hinesville-Fort Stewart, GA | 3 | $ 439,000 | $ 146,333 | $ 130,000 |
| Houma-Bayou Cane-Thibodaux, LA | 3 | $ 415,000 | $ 138,333 | $ 85,000 |
| Dalton, GA | 2 | $ 285,000 | $ 142,500 | $ 92,000 |
| Valdosta, GA | 2 | $ 280,000 | $ 140,000 | $ 35,000 |
| Alexandria, LA | 1 | $ 144,000 | $ 144,000 | $ 40,000 |
| Beaumont-Port Arthur, TX | 1 | $ 74,000 | $ 74,000 | $ 95,000 |
| Birmingham-Hoover, AL | 1 | $ 83,000 | $ 83,000 | $ 16,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 203,000 | $ 203,000 | $ 106,000 |
| Clarksville, TN-KY | 1 | $ 120,000 | $ 120,000 | $ 97,000 |
| Jonesboro, AR | 1 | $ 50,000 | $ 50,000 | $ 123,000 |
| Kingsport-Bristol-Bristol, TN-VA | 1 | $ 301,000 | $ 301,000 | $ 145,000 |
| Lakeland-Winter Haven, FL | 1 | $ 124,000 | $ 124,000 | $ 63,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 250,000 | $ 250,000 | $ 957,000 |
| Savannah, GA | 1 | $ 122,000 | $ 122,000 | $ 84,000 |
| Tuscaloosa, AL | 1 | $ 50,000 | $ 50,000 | $ 76,000 |
Mortgage Loan Application Detail Totals for Cimarron Mortgage Company in 2010
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 | 1,415 | $205,900,000 | $145,000 | $450,000 | $84,000 | $1,896,000 |
| Home Purchase | 755 | $92,079,000 | $121,000 | $408,000 | $58,000 | $938,000 |
| Home Improvement | 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 | 1,986 | $275,417,000 | $138,000 | $450,000 | $77,000 | $1,896,000 |
| Black or African American | 123 | $14,237,000 | $115,000 | $376,000 | $52,000 | $296,000 |
| Not Provided | 35 | $3,850,000 | $110,000 | $250,000 | $47,000 | $109,000 |
| Hispanic | 11 | $1,555,000 | $141,000 | $359,000 | $42,000 | $71,000 |
| Asian | 9 | $2,053,000 | $228,000 | $417,000 | $105,000 | $213,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $684,000 | $171,000 | $350,000 | $122,000 | $270,000 |
| American Indian or Alaskan Native | 2 | $183,000 | $91,000 | $124,000 | $110,000 | $121,000 |
| Not applicable | 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) | 1,585 | $229,481,000 | $144,000 | $450,000 | $85,000 | $1,896,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 393 | $43,397,000 | $110,000 | $262,000 | $42,000 | $533,000 |
| FHA-insured (Federal Housing Administration) | 184 | $23,702,000 | $128,000 | $359,000 | $60,000 | $145,000 |
| VA-guaranteed (Veterans Administration) | 8 | $1,399,000 | $174,000 | $338,000 | $71,000 | $131,000 |
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 | 1,283 | $167,348,000 | $130,000 | $417,000 | $73,000 | $1,896,000 |
| Loan Purchased By The Institution | 432 | $68,567,000 | $158,000 | $417,000 | $89,000 | $765,000 |
| Application Denied By Financial Institution | 243 | $33,570,000 | $138,000 | $450,000 | $64,000 | $1,158,000 |
| Application Withdrawn By Applicant | 118 | $17,248,000 | $146,000 | $417,000 | $75,000 | $327,000 |
| Application Approved But Not Accepted | 46 | $5,541,000 | $120,000 | $276,000 | $72,000 | $326,000 |
| File Closed For Incompleteness | 38 | $4,299,000 | $113,000 | $375,000 | $61,000 | $213,000 |
| Preapproval Denied by Financial Institution | 7 | $983,000 | $140,000 | $190,000 | $51,000 | $79,000 |
| Preapproval Approved but not Accepted | 3 | $423,000 | $141,000 | $245,000 | $51,000 | $97,000 |
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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 75 | $11,017,000 | $146,000 | $417,000 | $45,000 | $197,000 |
| Collateral | 73 | $10,784,000 | $147,000 | $380,000 | $76,000 | $249,000 |
| Credit History | 53 | $6,079,000 | $114,000 | $259,000 | $47,000 | $118,000 |
| Other | 20 | $2,852,000 | $142,000 | $450,000 | $130,000 | $1,158,000 |
| Unverifiable Information | 8 | $1,097,000 | $137,000 | $268,000 | $54,000 | $90,000 |
| Employment History | 7 | $724,000 | $103,000 | $190,000 | $38,000 | $70,000 |
| Mortgage Insurance Denied | 6 | $1,184,000 | $197,000 | $356,000 | $100,000 | $143,000 |
| Credit Application Incomplete | 4 | $387,000 | $96,000 | $150,000 | $85,000 | $218,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $330,000 | $110,000 | $173,000 | $60,000 | $68,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cimarron Mortgage Company's 2010 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 Cimarron Mortgage Company'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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