Colorado East Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, Colorado East Bank & Trust of Lamar, CO reported 136 mortgage applications totaling $32.7 million, up 20% from 2014. The average application was for $240,411, and applicants reported an average income of $116,014. 68% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Denver-Aurora-Lakewood, CO (16), Greeley, CO (16) and Pueblo, CO (16) (applications in parentheses).
| Mortgage Company & Address | Colorado East Bank & Trust 100 W Pearl St Lamar, CO 81052 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 136 |
| Total Mortgage Loan Application Amount | $32,696,000 |
| Average Mortgage Loan Application Amount | $240,411 |
| Highest Mortgage Loan Application Amount | $12,000,000 |
| Average Applicant Income | $116,014 |
| Highest Applicant Income | $941,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Colorado East Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Colorado East Bank & Trust in 2015
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 | 77 | $9,694,000 | $125,000 | $451,000 | $93,000 | $828,000 |
| Refinancing | 48 | $21,108,000 | $439,000 | $12,000,000 | $166,000 | $941,000 |
| Home Improvement | 11 | $1,894,000 | $172,000 | $800,000 | $59,000 | $117,000 |
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 | 101 | $27,898,000 | $276,000 | $12,000,000 | $126,000 | $941,000 |
| Hispanic | 23 | $1,962,000 | $85,000 | $250,000 | $116,000 | $906,000 |
| Not applicable | 7 | $2,310,000 | $330,000 | $1,513,000 | $0 | $0 |
| Black or African American | 3 | $254,000 | $84,000 | $134,000 | $66,000 | $114,000 |
| Not Provided | 1 | $110,000 | $110,000 | $110,000 | $88,000 | $88,000 |
| Asian | 1 | $162,000 | $162,000 | $162,000 | $60,000 | $60,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 118 | $31,005,000 | $262,000 | $12,000,000 | $127,000 | $941,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $1,691,000 | $93,000 | $231,000 | $40,000 | $73,000 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 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 | 92 | $26,470,000 | $287,000 | $12,000,000 | $142,000 | $941,000 |
| Application Denied By Financial Institution | 21 | $2,203,000 | $104,000 | $231,000 | $57,000 | $189,000 |
| Application Withdrawn By Applicant | 15 | $2,540,000 | $169,000 | $800,000 | $66,000 | $117,000 |
| File Closed For Incompleteness | 5 | $815,000 | $163,000 | $245,000 | $58,000 | $109,000 |
| Application Approved But Not Accepted | 3 | $668,000 | $222,000 | $417,000 | $59,000 | $80,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Colorado East Bank & Trust's 2015 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 Colorado East Bank & Trust'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 Colorado, download the full spreadsheet
with aggregated HMDA statistics today.
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