Cobalt Mortgage, Inc. Mortgage Lending & HMDA Data, 2014
In 2014, Cobalt Mortgage, Inc. of Kirkland, WA reported 17,286 mortgage applications totaling $4.7 billion, down 6% from 2013. The average application was for $273,828, and applicants reported an average income of $107,997. 70% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (7,111), Phoenix-Mesa-Scottsdale, AZ (1,656) and Tacoma-Lakewood, WA (1,179) (applications in parentheses).
| Mortgage Company & Address | Cobalt Mortgage, Inc. 11241 Slater Ave Ne, Suite 200 Kirkland, WA 98033 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 17,286 |
| Total Mortgage Loan Application Amount | $4,733,396,000 |
| Average Mortgage Loan Application Amount | $273,828 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $107,997 |
| Highest Applicant Income | $8,309,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cobalt Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Seattle-Bellevue-Everett, WA | 7,111 | $ 2,423,732,000 | $ 340,842 | $ 126,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1,656 | $ 336,091,000 | $ 202,953 | $ 87,000 |
| Tacoma-Lakewood, WA | 1,179 | $ 256,766,000 | $ 217,782 | $ 87,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1,149 | $ 297,990,000 | $ 259,347 | $ 98,555 |
| Denver-Aurora-Lakewood, CO | 554 | $ 136,375,000 | $ 246,164 | $ 92,000 |
| Kennewick-Richland, WA | 526 | $ 86,024,000 | $ 163,543 | $ 70,000 |
| Dallas-Plano-Irving, TX | 439 | $ 91,415,000 | $ 208,234 | $ 98,000 |
| Fort Worth-Arlington, TX | 365 | $ 67,654,000 | $ 185,353 | $ 89,000 |
| Bellingham, WA | 326 | $ 70,503,000 | $ 216,266 | $ 84,000 |
| Fort Collins, CO | 310 | $ 73,594,000 | $ 237,400 | $ 93,000 |
| Bremerton-Silverdale, WA | 295 | $ 71,821,000 | $ 243,461 | $ 108,000 |
| Greeley, CO | 267 | $ 52,171,000 | $ 195,397 | $ 98,000 |
| Boulder, CO | 218 | $ 63,323,000 | $ 290,472 | $ 115,000 |
| Houston-The Woodlands-Sugar Land, TX | 180 | $ 37,659,000 | $ 209,216 | $ 115,000 |
| Olympia-Tumwater, WA | 171 | $ 34,889,000 | $ 204,029 | $ 73,000 |
| Austin-Round Rock, TX | 162 | $ 38,271,000 | $ 236,240 | $ 107,000 |
| Colorado Springs, CO | 160 | $ 37,541,000 | $ 234,631 | $ 89,000 |
| Los Angeles-Long Beach-Glendale, CA | 156 | $ 103,225,000 | $ 661,698 | $ 230,000 |
| Ogden-Clearfield, UT | 141 | $ 26,530,000 | $ 188,156 | $ 70,000 |
| Reno, NV | 136 | $ 33,825,000 | $ 248,713 | $ 114,000 |
| Shreveport-Bossier City, LA | 111 | $ 18,108,000 | $ 163,135 | $ 60,000 |
| Mount Vernon-Anacortes, WA | 98 | $ 17,133,000 | $ 174,826 | $ 86,000 |
| San Antonio-New Braunfels, TX | 85 | $ 13,633,000 | $ 160,388 | $ 76,000 |
| San Diego-Carlsbad, CA | 43 | $ 21,473,000 | $ 499,372 | $ 213,000 |
| Bend-Redmond, OR | 42 | $ 10,713,000 | $ 255,071 | $ 85,000 |
| Tulsa, OK | 42 | $ 8,269,000 | $ 196,880 | $ 93,000 |
| Salem, OR | 39 | $ 7,663,000 | $ 196,487 | $ 68,000 |
| Yakima, WA | 37 | $ 5,577,000 | $ 150,729 | $ 66,000 |
| Wenatchee, WA | 34 | $ 9,453,000 | $ 278,029 | $ 171,000 |
| Spokane-Spokane Valley, WA | 30 | $ 6,232,000 | $ 207,733 | $ 113,000 |
| Riverside-San Bernardino-Ontario, CA | 27 | $ 7,422,000 | $ 274,888 | $ 189,000 |
| Salt Lake City, UT | 27 | $ 5,595,000 | $ 207,222 | $ 80,000 |
| Las Vegas-Henderson-Paradise, NV | 25 | $ 5,343,000 | $ 213,720 | $ 94,000 |
| Prescott, AZ | 17 | $ 3,086,000 | $ 181,529 | $ 133,000 |
| Walla Walla, WA | 16 | $ 2,299,000 | $ 143,687 | $ 66,000 |
| Brownsville-Harlingen, TX | 15 | $ 1,860,000 | $ 124,000 | $ 61,000 |
| Anaheim-Santa Ana-Irvine, CA | 14 | $ 8,631,000 | $ 616,500 | $ 209,000 |
| Cheyenne, WY | 13 | $ 2,956,000 | $ 227,384 | $ 104,000 |
| Oakland-Hayward-Berkeley, CA | 13 | $ 6,272,000 | $ 482,461 | $ 172,000 |
| Corpus Christi, TX | 12 | $ 1,720,000 | $ 143,333 | $ 91,000 |
| Longview, WA | 11 | $ 2,817,000 | $ 256,090 | $ 114,000 |
| McAllen-Edinburg-Mission, TX | 11 | $ 1,328,000 | $ 120,727 | $ 51,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 10 | $ 4,097,000 | $ 409,700 | $ 195,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 10 | $ 4,420,000 | $ 442,000 | $ 98,000 |
| Oklahoma City, OK | 9 | $ 1,681,000 | $ 186,777 | $ 95,000 |
| Tucson, AZ | 9 | $ 1,783,000 | $ 198,111 | $ 144,000 |
| Warren-Troy-Farmington Hills, MI | 9 | $ 1,801,000 | $ 200,111 | $ 206,000 |
| College Station-Bryan, TX | 7 | $ 1,110,000 | $ 158,571 | $ 92,000 |
| Eugene, OR | 7 | $ 1,869,000 | $ 267,000 | $ 78,000 |
| Albany, OR | 6 | $ 941,000 | $ 156,833 | $ 67,000 |
| Boise City, ID | 6 | $ 1,639,000 | $ 273,166 | $ 137,000 |
| Detroit-Dearborn-Livonia, MI | 6 | $ 828,000 | $ 138,000 | $ 111,000 |
| Provo-Orem, UT | 6 | $ 1,198,000 | $ 199,666 | $ 50,000 |
| Pueblo, CO | 6 | $ 955,000 | $ 159,166 | $ 72,000 |
| San Francisco-Redwood City-South San Francisco, CA | 6 | $ 5,506,000 | $ 917,666 | $ 271,000 |
| Flagstaff, AZ | 5 | $ 1,075,000 | $ 215,000 | $ 66,000 |
| New Orleans-Metairie, LA | 5 | $ 1,076,000 | $ 215,200 | $ 90,000 |
| Stockton-Lodi, CA | 5 | $ 1,074,000 | $ 214,800 | $ 98,000 |
| Grants Pass, OR | 4 | $ 841,000 | $ 210,250 | $ 63,000 |
| Santa Maria-Santa Barbara, CA | 4 | $ 1,397,000 | $ 349,250 | $ 149,000 |
| Santa Rosa, CA | 4 | $ 1,393,000 | $ 348,250 | $ 113,000 |
| Bakersfield, CA | 3 | $ 754,000 | $ 251,333 | $ 200,000 |
| El Paso, TX | 3 | $ 383,000 | $ 127,666 | $ 53,000 |
| Farmington, NM | 3 | $ 456,000 | $ 152,000 | $ 35,000 |
| Killeen-Temple, TX | 3 | $ 383,000 | $ 127,666 | $ 117,000 |
| Lake Havasu City-Kingman, AZ | 3 | $ 480,000 | $ 160,000 | $ 192,000 |
| Logan, UT-ID | 3 | $ 453,000 | $ 151,000 | $ 74,000 |
| Medford, OR | 3 | $ 600,000 | $ 200,000 | $ 116,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 654,000 | $ 218,000 | $ 91,000 |
| Vallejo-Fairfield, CA | 3 | $ 576,000 | $ 192,000 | $ 74,000 |
| Amarillo, TX | 2 | $ 254,000 | $ 127,000 | $ 42,000 |
| Coeur D'Alene, ID | 2 | $ 308,000 | $ 154,000 | $ 59,000 |
| Grand Rapids-Wyoming, MI | 2 | $ 464,000 | $ 232,000 | $ 192,000 |
| Idaho Falls, ID | 2 | $ 416,000 | $ 208,000 | $ 180,000 |
| Madera, CA | 2 | $ 203,000 | $ 101,500 | $ 166,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 909,000 | $ 454,500 | $ 135,000 |
| San Angelo, TX | 2 | $ 258,000 | $ 129,000 | $ 79,000 |
| Waco, TX | 2 | $ 171,000 | $ 85,500 | $ 47,000 |
| Abilene, TX | 1 | $ 77,000 | $ 77,000 | $ 28,000 |
| Ann Arbor, MI | 1 | $ 417,000 | $ 417,000 | $ 94,000 |
| Barnstable Town, MA | 1 | $ 111,000 | $ 111,000 | $ 115,000 |
| Beaumont-Port Arthur, TX | 1 | $ 145,000 | $ 145,000 | $ 35,000 |
| Chico, CA | 1 | $ 270,000 | $ 270,000 | $ 63,000 |
| Corvallis, OR | 1 | $ 210,000 | $ 210,000 | $ 79,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 465,000 | $ 465,000 | $ 76,000 |
| Fresno, CA | 1 | $ 544,000 | $ 544,000 | $ 179,000 |
| Grand Junction, CO | 1 | $ 155,000 | $ 155,000 | $ 25,000 |
| Kalamazoo-Portage, MI | 1 | $ 208,000 | $ 208,000 | $ 100,000 |
| Lubbock, TX | 1 | $ 242,000 | $ 242,000 | $ 95,000 |
| Midland, TX | 1 | $ 170,000 | $ 170,000 | $ 33,000 |
| Missoula, MT | 1 | $ 291,000 | $ 291,000 | $ 47,000 |
| Pocatello, ID | 1 | $ 106,000 | $ 106,000 | $ 37,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 301,000 | $ 301,000 | $ 57,000 |
| San Rafael, CA | 1 | $ 262,000 | $ 262,000 | $ 229,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 495,000 | $ 495,000 | $ 96,000 |
| Santa Fe, NM | 1 | $ 252,000 | $ 252,000 | $ 125,000 |
| Sherman-Denison, TX | 1 | $ 335,000 | $ 335,000 | $ 221,000 |
| Wichita Falls, TX | 1 | $ 120,000 | $ 120,000 | $ 68,000 |
Mortgage Loan Application Detail Totals for Cobalt Mortgage, Inc. in 2014
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 | 12,966 | $3,429,575,000 | $264,000 | $3,000,000 | $102,000 | $8,309,000 |
| Refinancing | 4,320 | $1,303,821,000 | $301,000 | $2,000,000 | $126,000 | $2,672,000 |
| 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 | 12,092 | $3,330,760,000 | $275,000 | $3,000,000 | $108,000 | $2,672,000 |
| Not Provided | 2,399 | $724,900,000 | $302,000 | $2,625,000 | $122,000 | $1,692,000 |
| Hispanic | 1,120 | $219,507,000 | $195,000 | $1,900,000 | $79,000 | $8,309,000 |
| Asian | 1,094 | $326,818,000 | $298,000 | $2,046,000 | $118,000 | $3,120,000 |
| Black or African American | 385 | $87,637,000 | $227,000 | $2,100,000 | $85,000 | $862,000 |
| Native Hawaiian or Other Pacific Islander | 104 | $24,803,000 | $238,000 | $498,000 | $91,000 | $1,215,000 |
| American Indian or Alaskan Native | 92 | $18,971,000 | $206,000 | $768,000 | $81,000 | $794,000 |
| 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) | 13,038 | $3,815,478,000 | $292,000 | $3,000,000 | $120,000 | $8,309,000 |
| FHA-insured (Federal Housing Administration) | 3,059 | $601,032,000 | $196,000 | $714,000 | $64,000 | $794,000 |
| VA-guaranteed (Veterans Administration) | 1,189 | $316,886,000 | $266,000 | $876,000 | $84,000 | $490,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 12,152 | $3,255,579,000 | $267,000 | $1,976,000 | $105,000 | $8,309,000 |
| Application Withdrawn By Applicant | 3,184 | $930,041,000 | $292,000 | $3,000,000 | $123,000 | $3,120,000 |
| Application Denied By Financial Institution | 1,510 | $417,741,000 | $276,000 | $2,625,000 | $101,000 | $1,968,000 |
| File Closed For Incompleteness | 274 | $87,461,000 | $319,000 | $1,680,000 | $123,000 | $2,672,000 |
| Application Approved But Not Accepted | 144 | $37,070,000 | $257,000 | $1,178,000 | $96,000 | $398,000 |
| Preapproval Denied by Financial Institution | 20 | $4,907,000 | $245,000 | $508,000 | $81,000 | $249,000 |
| Preapproval Approved but not Accepted | 2 | $597,000 | $298,000 | $372,000 | $97,000 | $135,000 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 404 | $124,447,000 | $308,000 | $2,625,000 | $83,000 | $629,000 |
| Collateral | 290 | $69,829,000 | $240,000 | $1,610,000 | $104,000 | $680,000 |
| Credit History | 264 | $74,039,000 | $280,000 | $1,375,000 | $110,000 | $1,968,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 141 | $37,668,000 | $267,000 | $1,500,000 | $101,000 | $910,000 |
| Other | 122 | $32,406,000 | $265,000 | $1,000,000 | $122,000 | $1,294,000 |
| Unverifiable Information | 114 | $32,380,000 | $284,000 | $1,425,000 | $111,000 | $521,000 |
| Credit Application Incomplete | 109 | $24,578,000 | $225,000 | $840,000 | $88,000 | $369,000 |
| Employment History | 47 | $9,845,000 | $209,000 | $798,000 | $74,000 | $313,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cobalt Mortgage, Inc.'s 2014 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 Cobalt Mortgage, 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.
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