Colorado East Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Colorado East Bank & Trust of Lamar, CO reported 167 mortgage applications totaling $18.3 million, up 14% from 2009. The average application was for $109,497, and applicants reported an average income of $63,245. 57% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Pueblo, CO (21), Denver-Aurora-Broomfield, CO (15) and Greeley, CO (14) (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 | 167 |
| Total Mortgage Loan Application Amount | $18,286,000 |
| Average Mortgage Loan Application Amount | $109,497 |
| Highest Mortgage Loan Application Amount | $645,000 |
| Average Applicant Income | $63,245 |
| Highest Applicant Income | $678,000 |
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records Colorado East Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 80 | $7,517,000 | $93,000 | $645,000 | $67,000 | $678,000 |
| Refinancing | 66 | $8,278,000 | $125,000 | $450,000 | $54,000 | $179,000 |
| Home Improvement | 21 | $2,491,000 | $118,000 | $608,000 | $78,000 | $432,000 |
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 | 137 | $15,727,000 | $114,000 | $645,000 | $69,000 | $678,000 |
| Hispanic | 18 | $1,143,000 | $63,000 | $162,000 | $32,000 | $102,000 |
| Not applicable | 7 | $979,000 | $139,000 | $287,000 | $19,000 | $135,000 |
| Not Provided | 3 | $218,000 | $72,000 | $88,000 | $37,000 | $53,000 |
| Black or African American | 1 | $153,000 | $153,000 | $153,000 | $172,000 | $172,000 |
| American Indian or Alaskan Native | 1 | $66,000 | $66,000 | $66,000 | $53,000 | $53,000 |
| Asian | 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) | 153 | $17,186,000 | $112,000 | $645,000 | $66,000 | $678,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 14 | $1,100,000 | $78,000 | $173,000 | $30,000 | $58,000 |
| 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 | 96 | $9,615,000 | $100,000 | $645,000 | $59,000 | $678,000 |
| Application Denied By Financial Institution | 42 | $4,177,000 | $99,000 | $450,000 | $43,000 | $150,000 |
| Application Withdrawn By Applicant | 24 | $3,953,000 | $164,000 | $586,000 | $105,000 | $653,000 |
| Application Approved But Not Accepted | 5 | $541,000 | $108,000 | $198,000 | $117,000 | $432,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| 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 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 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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