Coats & Co., Inc. Mortgage Lending & HMDA Data, 2003
In 2003, Coats & Co., Inc. of Birmingham, AL reported 274 mortgage applications totaling $25.0 million. The average application was for $91,164, and applicants reported an average income of $36,784. 14% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Mobile, AL (220), Birmingham, AL (39) and Atlanta, GA (1) (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 | 274 |
| Total Mortgage Loan Application Amount | $24,979,000 |
| Average Mortgage Loan Application Amount | $91,164 |
| Highest Mortgage Loan Application Amount | $157,000 |
| Average Applicant Income | $36,784 |
| Highest Applicant Income | $152,000 |
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Act (HMDA) records Coats & Co., Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 207 | $ 18,512,000 | $ 89,429 | $ 30,000 |
| Jefferson, Alabama | 32 | $ 2,893,000 | $ 90,406 | $ 30,000 |
| Baldwin, Alabama | 13 | $ 1,270,000 | $ 97,692 | $ 45,000 |
| Leflore, Mississippi | 9 | $ 903,000 | $ 100,333 | $ 52,000 |
| Shelby, Alabama | 6 | $ 646,000 | $ 107,666 | $ 28,000 |
| Blount, Alabama | 1 | $ 123,000 | $ 123,000 | $ 55,000 |
| Chilton, Alabama | 1 | $ 131,000 | $ 131,000 | $ 0 |
| Clarke, Alabama | 1 | $ 80,000 | $ 80,000 | $ 62,000 |
| Lee, Alabama | 1 | $ 104,000 | $ 104,000 | $ 65,000 |
| Talladega, Alabama | 1 | $ 73,000 | $ 73,000 | $ 79,000 |
| Washington, Alabama | 1 | $ 111,000 | $ 111,000 | $ 74,000 |
| Cobb, Georgia | 1 | $ 133,000 | $ 133,000 | $ 37,000 |
Mortgage Loan Application Detail Totals for Coats & Co., Inc. 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 |
|---|---|---|---|---|---|---|
| Home Purchase (one-to-four family) | 233 | $21,123,000 | $107,000 | $157,000 | $41,333 | $152,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 41 | $3,856,000 | $106,000 | $143,000 | $42,500 | $82,000 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 210 | $19,433,000 | $96,500 | $157,000 | $48,000 | $152,000 |
| Black | 53 | $4,656,000 | $104,333 | $156,000 | $34,333 | $82,000 |
| Other | 4 | $291,000 | $72,000 | $78,000 | $10,000 | $33,000 |
| Hispanic | 3 | $230,000 | $76,000 | $87,000 | $44,000 | $68,000 |
| Asian or Pacific Islander | 2 | $172,000 | $86,000 | $89,000 | $32,000 | $39,000 |
| Information not provided by applicant in mail or telephone application | 1 | $79,000 | $79,000 | $79,000 | $26,000 | $26,000 |
| Not applicable | 1 | $118,000 | $118,000 | $118,000 | $33,000 | $33,000 |
| American Indian or Alaskan Native | 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) | 267 | $24,318,000 | $107,666 | $157,000 | $41,000 | $152,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 7 | $661,000 | $94,000 | $142,000 | $34,000 | $48,000 |
| 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 Purchased By The Institution | 217 | $19,858,000 | $107,333 | $157,000 | $40,333 | $152,000 |
| Loan Originated | 39 | $3,513,000 | $90,000 | $142,000 | $30,000 | $69,000 |
| Application Denied By Financial Institution | 17 | $1,524,000 | $103,000 | $124,000 | $47,000 | $82,000 |
| Application Withdrawn By Applicant | 1 | $84,000 | $84,000 | $84,000 | $48,000 | $48,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 12 | $1,104,000 | $104,000 | $124,000 | $49,500 | $82,000 |
| Debt-To-Income Ratio | 3 | $262,000 | $87,000 | $98,000 | $32,000 | $41,000 |
| Employment History | 2 | $158,000 | $79,000 | $94,000 | $28,000 | $38,000 |
| 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 Coats & Co., Inc.'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 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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