Coats & Co., Inc. Mortgage Lending & HMDA Data, 2005
In 2005, Coats & Co., Inc. of Birmingham, AL reported 481 mortgage applications totaling $47.6 million, up 41% from 2004. The average application was for $98,866, and applicants reported an average income of $39,968. 96% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Mobile, AL (180), Decatur, AL (152) and Huntsville, AL (44) (applications in parentheses).
| Mortgage Company & Address | Coats & Co., Inc. 2000b Southbridge Parkway #200 Birmingham, AL 35209 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 481 |
| Total Mortgage Loan Application Amount | $47,555,000 |
| Average Mortgage Loan Application Amount | $98,866 |
| Highest Mortgage Loan Application Amount | $231,000 |
| Average Applicant Income | $39,968 |
| Highest Applicant Income | $193,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Coats & Co., Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Mobile, Alabama | 180 | $ 18,174,000 | $ 100,966 | $ 34,000 |
| Morgan, Alabama | 139 | $ 12,280,000 | $ 88,345 | $ 34,000 |
| Baldwin, Alabama | 34 | $ 4,434,000 | $ 130,411 | $ 53,000 |
| Limestone, Alabama | 24 | $ 2,176,000 | $ 90,666 | $ 50,000 |
| Madison, Alabama | 21 | $ 1,923,000 | $ 91,571 | $ 50,000 |
| Jefferson, Alabama | 15 | $ 1,610,000 | $ 107,333 | $ 37,000 |
| Lawrence, Alabama | 14 | $ 1,324,000 | $ 94,571 | $ 32,000 |
| Monroe, Alabama | 14 | $ 1,117,000 | $ 79,785 | $ 37,000 |
| Escambia, Alabama | 8 | $ 590,000 | $ 73,750 | $ 35,000 |
| Gwinnett, Georgia | 6 | $ 870,000 | $ 145,000 | $ 40,000 |
| Leflore, Mississippi | 5 | $ 393,000 | $ 78,600 | $ 39,000 |
| Shelby, Alabama | 3 | $ 399,000 | $ 133,000 | $ 51,000 |
| Fulton, Georgia | 3 | $ 453,000 | $ 151,000 | $ 57,000 |
| Jackson, Mississippi | 2 | $ 223,000 | $ 111,500 | $ 54,000 |
| Blount, Alabama | 1 | $ 114,000 | $ 114,000 | $ 45,000 |
| Colbert, Alabama | 1 | $ 54,000 | $ 54,000 | $ 161,000 |
| Cullman, Alabama | 1 | $ 67,000 | $ 67,000 | $ 25,000 |
| Dallas, Alabama | 1 | $ 90,000 | $ 90,000 | $ 40,000 |
| Montgomery, Alabama | 1 | $ 167,000 | $ 167,000 | $ 38,000 |
| St. Clair, Alabama | 1 | $ 108,000 | $ 108,000 | $ 75,000 |
| Winston, Alabama | 1 | $ 73,000 | $ 73,000 | $ 36,000 |
| Barrow, Georgia | 1 | $ 172,000 | $ 172,000 | $ 74,000 |
| Cobb, Georgia | 1 | $ 211,000 | $ 211,000 | $ 60,000 |
| Forsyth, Georgia | 1 | $ 144,000 | $ 144,000 | $ 40,000 |
| Hall, Georgia | 1 | $ 135,000 | $ 135,000 | $ 36,000 |
| Carroll, Mississippi | 1 | $ 82,000 | $ 82,000 | $ 140,000 |
| Harrison, Mississippi | 1 | $ 172,000 | $ 172,000 | $ 78,000 |
Mortgage Loan Application Detail Totals for Coats & Co., Inc. in 2005
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 | 450 | $44,620,000 | $116,000 | $231,000 | $51,333 | $193,000 |
| Refinancing | 31 | $2,935,000 | $108,000 | $162,000 | $39,333 | $89,000 |
| 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 | 371 | $37,569,000 | $117,000 | $231,000 | $53,333 | $193,000 |
| Black or African American | 74 | $6,742,000 | $100,000 | $171,000 | $38,333 | $88,000 |
| Hispanic | 25 | $2,182,000 | $127,500 | $172,000 | $54,500 | $74,000 |
| Not Provided | 9 | $850,000 | $94,000 | $127,000 | $32,000 | $53,000 |
| Asian | 2 | $212,000 | $106,000 | $111,000 | $25,000 | $50,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 479 | $47,389,000 | $115,000 | $231,000 | $49,666 | $193,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $166,000 | $83,000 | $97,000 | $34,000 | $45,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 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 | 460 | $45,819,000 | $115,666 | $231,000 | $51,666 | $193,000 |
| Application Denied By Financial Institution | 20 | $1,625,000 | $87,000 | $151,000 | $40,000 | $55,000 |
| Application Withdrawn By Applicant | 1 | $111,000 | $111,000 | $111,000 | $35,000 | $35,000 |
| 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 | 16 | $1,309,000 | $87,500 | $151,000 | $40,500 | $55,000 |
| Employment History | 2 | $129,000 | $64,000 | $71,000 | $23,000 | $31,000 |
| Other | 2 | $187,000 | $93,000 | $94,000 | $22,000 | $23,000 |
| Unverifiable Information | 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 |
| Debt-To-Income Ratio | 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 Coats & Co., Inc.'s 2005 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 Coats & Co., Inc.'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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