Colorado East Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, Colorado East Bank & Trust of Lamar, CO reported 135 mortgage applications totaling $16.5 million, up 12% from 2011. The average application was for $122,281, and applicants reported an average income of $62,311. 56% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Pueblo, CO (21), Denver-Aurora-Broomfield, CO (18) and Colorado Springs, CO (3) (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 | 135 |
| Total Mortgage Loan Application Amount | $16,508,000 |
| Average Mortgage Loan Application Amount | $122,281 |
| Highest Mortgage Loan Application Amount | $920,000 |
| Average Applicant Income | $62,311 |
| Highest Applicant Income | $384,000 |
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records Colorado East Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2012
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 | 71 | $7,526,000 | $106,000 | $920,000 | $62,000 | $337,000 |
| Refinancing | 50 | $8,134,000 | $162,000 | $604,000 | $69,000 | $384,000 |
| Home Improvement | 14 | $848,000 | $60,000 | $135,000 | $40,000 | $244,000 |
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 | 103 | $12,644,000 | $122,000 | $604,000 | $70,000 | $384,000 |
| Hispanic | 20 | $1,547,000 | $77,000 | $230,000 | $49,000 | $88,000 |
| Not applicable | 4 | $1,216,000 | $304,000 | $920,000 | $0 | $0 |
| Not Provided | 3 | $448,000 | $149,000 | $161,000 | $17,000 | $36,000 |
| Black or African American | 3 | $223,000 | $74,000 | $106,000 | $32,000 | $40,000 |
| Asian | 2 | $430,000 | $215,000 | $400,000 | $84,000 | $110,000 |
| 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) | 107 | $13,773,000 | $128,000 | $920,000 | $68,000 | $384,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 26 | $2,585,000 | $99,000 | $270,000 | $42,000 | $80,000 |
| FHA-insured (Federal Housing Administration) | 2 | $150,000 | $75,000 | $132,000 | $51,000 | $51,000 |
| VA-guaranteed (Veterans 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 | 76 | $9,780,000 | $128,000 | $920,000 | $68,000 | $384,000 |
| Application Withdrawn By Applicant | 28 | $3,087,000 | $110,000 | $400,000 | $63,000 | $228,000 |
| Application Denied By Financial Institution | 25 | $3,173,000 | $126,000 | $404,000 | $48,000 | $204,000 |
| File Closed For Incompleteness | 4 | $283,000 | $70,000 | $168,000 | $47,000 | $84,000 |
| Application Approved But Not Accepted | 2 | $185,000 | $92,000 | $160,000 | $72,000 | $91,000 |
| 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 2012 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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