Comerica Bank Mortgage Lending & HMDA Data, 2006

In 2006, Comerica Bank of Detroit, MI reported 4,611 mortgage applications totaling $793.1 million, up 1% from 2005. The average application was for $171,995, and applicants reported an average income of $121,051. 50% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (1,391), Detroit-Livonia-Dearborn, MI (1,259) and Dallas-Plano-Irving, TX (287) (applications in parentheses).

Mortgage Company & Address Comerica Bank
500 Woodward Ave - Mc 3352
Detroit, MI 48226
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 4,611
Total Mortgage Loan Application Amount $793,072,000
Average Mortgage Loan Application Amount $171,995
Highest Mortgage Loan Application Amount $9,750,000
Average Applicant Income $121,051
Highest Applicant Income $9,999,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Comerica Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Comerica Bank by County in 2006

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Wayne, Michigan 1,259 $ 70,190,000 $ 55,750 $ 61,000
Oakland, Michigan 646 $ 119,452,000 $ 184,910 $ 135,000
Macomb, Michigan 636 $ 37,852,000 $ 59,515 $ 71,000
Dallas, Texas 204 $ 42,191,000 $ 206,818 $ 117,000
Jackson, Michigan 138 $ 12,454,000 $ 90,246 $ 64,000
Kent, Michigan 135 $ 12,625,000 $ 93,518 $ 69,000
Harris, Texas 129 $ 18,214,000 $ 141,193 $ 110,000
Washtenaw, Michigan 123 $ 25,690,000 $ 208,861 $ 91,000
Muskegon, Michigan 91 $ 7,804,000 $ 85,758 $ 64,000
Livingston, Michigan 57 $ 8,314,000 $ 145,859 $ 114,000
Palm Beach, Florida 55 $ 29,313,000 $ 532,963 $ 163,000
Ingham, Michigan 49 $ 4,932,000 $ 100,653 $ 82,000
Kalamazoo, Michigan 49 $ 6,004,000 $ 122,530 $ 76,000
Fort Bend, Texas 48 $ 5,498,000 $ 114,541 $ 133,000
Broward, Florida 46 $ 10,979,000 $ 238,673 $ 88,000
Calhoun, Michigan 42 $ 2,209,000 $ 52,595 $ 49,000
Tarrant, Texas 39 $ 6,848,000 $ 175,589 $ 168,000
Los Angeles, California 36 $ 57,735,000 $ 1,603,750 $ 1,029,000
Ottawa, Michigan 36 $ 3,746,000 $ 104,055 $ 75,000
Lapeer, Michigan 32 $ 5,502,000 $ 171,937 $ 107,000
Collin, Texas 29 $ 5,480,000 $ 188,965 $ 152,000
Denton, Texas 29 $ 5,041,000 $ 173,827 $ 216,000
Gladwin, Michigan 23 $ 1,448,000 $ 62,956 $ 48,000
Santa Clara, California 22 $ 21,276,000 $ 967,090 $ 424,000
Travis, Texas 22 $ 4,431,000 $ 201,409 $ 191,000
Collier, Florida 21 $ 15,149,000 $ 721,380 $ 425,000
St. Clair, Michigan 20 $ 2,077,000 $ 103,850 $ 92,000
Maricopa, Arizona 17 $ 19,008,000 $ 1,118,117 $ 1,119,000
Sarasota, Florida 17 $ 11,922,000 $ 701,294 $ 199,000
Lenawee, Michigan 17 $ 1,075,000 $ 63,235 $ 78,000
Eaton, Michigan 16 $ 2,029,000 $ 126,812 $ 88,000
Monroe, Michigan 16 $ 1,811,000 $ 113,187 $ 76,000
Allegan, Michigan 15 $ 3,290,000 $ 219,333 $ 85,000
Genesee, Michigan 15 $ 2,836,000 $ 189,066 $ 108,000
Orange, California 13 $ 11,854,000 $ 911,846 $ 443,000
Lee, Florida 13 $ 9,696,000 $ 745,846 $ 331,000
Barry, Michigan 11 $ 1,698,000 $ 154,363 $ 98,000
Riverside, California 10 $ 11,188,000 $ 1,118,800 $ 1,313,000
Ellis, Texas 10 $ 2,726,000 $ 272,600 $ 114,000
Montgomery, Texas 10 $ 2,327,000 $ 232,700 $ 130,000
Galveston, Texas 9 $ 836,000 $ 92,888 $ 112,000
San Diego, California 8 $ 6,787,000 $ 848,375 $ 448,000
Miami-Dade, Florida 8 $ 3,670,000 $ 458,750 $ 176,000
Clare, Michigan 8 $ 820,000 $ 102,500 $ 81,000
Clinton, Michigan 8 $ 900,000 $ 112,500 $ 76,000
Midland, Michigan 8 $ 1,049,000 $ 131,125 $ 122,000
Kaufman, Texas 8 $ 1,372,000 $ 171,500 $ 99,000
San Bernardino, California 7 $ 4,112,000 $ 587,428 $ 657,000
Leelanau, Michigan 7 $ 2,842,000 $ 406,000 $ 265,000
Brazoria, Texas 7 $ 632,000 $ 90,285 $ 98,000
San Francisco, California 6 $ 5,108,000 $ 851,333 $ 405,000
Emmet, Michigan 6 $ 1,178,000 $ 196,333 $ 190,000
Chatham, North Carolina 6 $ 1,846,000 $ 307,666 $ 83,000
Rockwall, Texas 6 $ 469,000 $ 78,166 $ 107,000
Kern, California 5 $ 645,000 $ 129,000 $ 558,000
Antrim, Michigan 5 $ 1,254,000 $ 250,800 $ 101,000
Cheboygan, Michigan 5 $ 3,288,000 $ 657,600 $ 275,000
Mecosta, Michigan 5 $ 557,000 $ 111,400 $ 63,000
Williamson, Texas 5 $ 644,000 $ 128,800 $ 197,000
San Luis Obispo, California 4 $ 2,385,000 $ 596,250 $ 1,522,000
San Mateo, California 4 $ 11,340,000 $ 2,835,000 $ 269,000
Santa Cruz, California 4 $ 1,720,000 $ 430,000 $ 219,000
Indian River, Florida 4 $ 3,284,000 $ 821,000 $ 363,000
Cook, Illinois 4 $ 2,173,000 $ 543,250 $ 480,000
Bay, Michigan 4 $ 637,000 $ 159,250 $ 101,000
Ionia, Michigan 4 $ 462,000 $ 115,500 $ 46,000
Newaygo, Michigan 4 $ 484,000 $ 121,000 $ 66,000
Shiawassee, Michigan 4 $ 358,000 $ 89,500 $ 75,000
Yavapai, Arizona 3 $ 3,246,000 $ 1,082,000 $ 280,000
Alameda, California 3 $ 1,387,000 $ 462,333 $ 91,000
Monterey, California 3 $ 2,033,000 $ 677,666 $ 120,000
Pitkin, Colorado 3 $ 6,210,000 $ 2,070,000 $ 604,000
Hillsborough, Florida 3 $ 1,426,000 $ 475,333 $ 153,000
Martin, Florida 3 $ 507,000 $ 169,000 $ 91,000
Monroe, Florida 3 $ 3,184,000 $ 1,061,333 $ 614,000
Pinellas, Florida 3 $ 1,837,000 $ 612,333 $ 224,000
Sumter, Florida 3 $ 671,000 $ 223,666 $ 166,000
Berrien, Michigan 3 $ 56,000 $ 18,666 $ 54,000
Hillsdale, Michigan 3 $ 150,000 $ 50,000 $ 52,000
Montmorency, Michigan 3 $ 345,000 $ 115,000 $ 66,000
Oceana, Michigan 3 $ 545,000 $ 181,666 $ 126,000
Roscommon, Michigan 3 $ 393,000 $ 131,000 $ 86,000
Saginaw, Michigan 3 $ 346,000 $ 115,333 $ 130,000
St. Joseph, Michigan 3 $ 500,000 $ 166,666 $ 175,000
Van Buren, Michigan 3 $ 1,214,000 $ 404,666 $ 190,000
Sevier, Tennessee 3 $ 1,012,000 $ 337,333 $ 0
Henderson, Texas 3 $ 2,616,000 $ 872,000 $ 437,000
Johnson, Texas 3 $ 69,000 $ 23,000 $ 126,000
Cochise, Arizona 2 $ 460,000 $ 230,000 $ 82,000
Napa, California 2 $ 4,200,000 $ 2,100,000 $ 2,327,000
Eagle, Colorado 2 $ 4,270,000 $ 2,135,000 $ 929,000
Summit, Colorado 2 $ 2,656,000 $ 1,328,000 $ 602,000
Brevard, Florida 2 $ 644,000 $ 322,000 $ 257,000
Polk, Florida 2 $ 454,000 $ 227,000 $ 107,000
Cobb, Georgia 2 $ 2,049,000 $ 1,024,500 $ 315,000
Blaine, Idaho 2 $ 2,300,000 $ 1,150,000 $ 911,000
Alpena, Michigan 2 $ 141,000 $ 70,500 $ 15,000
Arenac, Michigan 2 $ 253,000 $ 126,500 $ 170,000
Charlevoix, Michigan 2 $ 702,000 $ 351,000 $ 29,000
Crawford, Michigan 2 $ 220,000 $ 110,000 $ 99,000
Grand Traverse, Michigan 2 $ 1,386,000 $ 693,000 $ 421,000
Mackinac, Michigan 2 $ 710,000 $ 355,000 $ 210,000
Manistee, Michigan 2 $ 343,000 $ 171,500 $ 65,000
Montcalm, Michigan 2 $ 138,000 $ 69,000 $ 96,000
Clark, Nevada 2 $ 480,000 $ 240,000 $ 281,000
Nueces, Texas 2 $ 394,000 $ 197,000 $ 313,000
Mohave, Arizona 1 $ 188,000 $ 188,000 $ 0
Pima, Arizona 1 $ 370,000 $ 370,000 $ 0
Pinal, Arizona 1 $ 691,000 $ 691,000 $ 2,427,000
Cleburne, Arkansas 1 $ 380,000 $ 380,000 $ 24,000
Imperial, California 1 $ 204,000 $ 204,000 $ 0
Marin, California 1 $ 94,000 $ 94,000 $ 125,000
Mendocino, California 1 $ 495,000 $ 495,000 $ 98,000
Mono, California 1 $ 670,000 $ 670,000 $ 744,000
Placer, California 1 $ 3,650,000 $ 3,650,000 $ 0
Sacramento, California 1 $ 181,000 $ 181,000 $ 0
Tuolumne, California 1 $ 313,000 $ 313,000 $ 197,000
Archuleta, Colorado 1 $ 388,000 $ 388,000 $ 990,000
Charlotte, Florida 1 $ 740,000 $ 740,000 $ 553,000
Flagler, Florida 1 $ 250,000 $ 250,000 $ 194,000
Highlands, Florida 1 $ 110,000 $ 110,000 $ 115,000
Lake, Florida 1 $ 130,000 $ 130,000 $ 21,000
Marion, Florida 1 $ 2,600,000 $ 2,600,000 $ 2,091,000
Orange, Florida 1 $ 580,000 $ 580,000 $ 295,000
DeKalb, Georgia 1 $ 315,000 $ 315,000 $ 83,000
Ada, Idaho 1 $ 216,000 $ 216,000 $ 391,000
Valley, Idaho 1 $ 1,108,000 $ 1,108,000 $ 1,098,000
DuPage, Illinois 1 $ 235,000 $ 235,000 $ 100,000
Allen, Indiana 1 $ 440,000 $ 440,000 $ 235,000
Hamilton, Indiana 1 $ 750,000 $ 750,000 $ 86,000
Tippecanoe, Indiana 1 $ 153,000 $ 153,000 $ 0
St. Charles, Louisiana 1 $ 48,000 $ 48,000 $ 52,000
Anne Arundel, Maryland 1 $ 1,040,000 $ 1,040,000 $ 0
Calvert, Maryland 1 $ 200,000 $ 200,000 $ 50,000
Berkshire, Massachusetts 1 $ 2,000,000 $ 2,000,000 $ 1,607,000
Alcona, Michigan 1 $ 175,000 $ 175,000 $ 93,000
Benzie, Michigan 1 $ 337,000 $ 337,000 $ 317,000
Branch, Michigan 1 $ 288,000 $ 288,000 $ 173,000
Huron, Michigan 1 $ 144,000 $ 144,000 $ 135,000
Iron, Michigan 1 $ 88,000 $ 88,000 $ 42,000
Kalkaska, Michigan 1 $ 160,000 $ 160,000 $ 95,000
Luce, Michigan 1 $ 185,000 $ 185,000 $ 212,000
Ogemaw, Michigan 1 $ 8,000 $ 8,000 $ 77,000
Otsego, Michigan 1 $ 320,000 $ 320,000 $ 116,000
Sanilac, Michigan 1 $ 14,000 $ 14,000 $ 32,000
Ramsey, Minnesota 1 $ 300,000 $ 300,000 $ 67,000
Washoe, Nevada 1 $ 6,050,000 $ 6,050,000 $ 1,695,000
Bergen, New Jersey 1 $ 1,000,000 $ 1,000,000 $ 185,000
Bernalillo, New Mexico 1 $ 116,000 $ 116,000 $ 321,000
Rio Arriba, New Mexico 1 $ 252,000 $ 252,000 $ 321,000
Santa Fe, New Mexico 1 $ 3,640,000 $ 3,640,000 $ 2,030,000
Mecklenburg, North Carolina 1 $ 350,000 $ 350,000 $ 215,000
New Hanover, North Carolina 1 $ 780,000 $ 780,000 $ 250,000
Wake, North Carolina 1 $ 416,000 $ 416,000 $ 181,000
Watauga, North Carolina 1 $ 348,000 $ 348,000 $ 826,000
Yancey, North Carolina 1 $ 592,000 $ 592,000 $ 309,000
Lorain, Ohio 1 $ 184,000 $ 184,000 $ 57,000
Portage, Ohio 1 $ 70,000 $ 70,000 $ 19,000
Oklahoma, Oklahoma 1 $ 135,000 $ 135,000 $ 43,000
Multnomah, Oregon 1 $ 1,000,000 $ 1,000,000 $ 0
Washington, Rhode Island 1 $ 600,000 $ 600,000 $ 751,000
Bandera, Texas 1 $ 670,000 $ 670,000 $ 263,000
Bastrop, Texas 1 $ 40,000 $ 40,000 $ 38,000
Burnet, Texas 1 $ 700,000 $ 700,000 $ 0
Grayson, Texas 1 $ 294,000 $ 294,000 $ 707,000
Hays, Texas 1 $ 212,000 $ 212,000 $ 118,000
Hood, Texas 1 $ 90,000 $ 90,000 $ 120,000
Hunt, Texas 1 $ 73,000 $ 73,000 $ 46,000
Kerr, Texas 1 $ 460,000 $ 460,000 $ 263,000
Lipscomb, Texas 1 $ 61,000 $ 61,000 $ 18,000
San Saba, Texas 1 $ 1,200,000 $ 1,200,000 $ 764,000
Van Zandt, Texas 1 $ 94,000 $ 94,000 $ 29,000
Waller, Texas 1 $ 70,000 $ 70,000 $ 119,000
Washington, Texas 1 $ 622,000 $ 622,000 $ 240,000
Wood, Texas 1 $ 260,000 $ 260,000 $ 402,000
Summit, Utah 1 $ 301,000 $ 301,000 $ 0
Fairfax, Virginia 1 $ 465,000 $ 465,000 $ 93,000
Jefferson, Washington 1 $ 228,000 $ 228,000 $ 191,000
Outagamie, Wisconsin 1 $ 208,000 $ 208,000 $ 420,000

Mortgage Loan Application Detail Totals for Comerica Bank in 2006

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
Refinancing 2,183 $430,167,000 $197,000 $9,750,000 $123,000 $9,999,000
Home Improvement 1,525 $16,009,000 $10,000 $500,000 $65,000 $504,000
Home Purchase 903 $346,896,000 $384,000 $8,350,000 $211,000 $4,483,000

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 2,841 $455,203,000 $160,000 $8,350,000 $115,000 $3,498,000
Black or African American 760 $31,246,000 $41,000 $800,000 $54,000 $720,000
Not Provided 441 $205,865,000 $466,000 $9,750,000 $337,000 $9,999,000
Not applicable 239 $58,730,000 $245,000 $8,000,000 $34,000 $187,000
Hispanic 222 $24,334,000 $109,000 $2,000,000 $85,000 $2,427,000
Asian 78 $16,086,000 $206,000 $2,000,000 $142,000 $1,265,000
American Indian or Alaskan Native 28 $1,493,000 $53,000 $280,000 $57,000 $124,000
Native Hawaiian or Other Pacific Islander 2 $115,000 $57,000 $73,000 $163,000 $168,000

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) 4,589 $789,738,000 $172,000 $9,750,000 $121,000 $9,999,000
FHA-insured (Federal Housing Administration) 15 $1,792,000 $119,000 $206,000 $61,000 $171,000
VA-guaranteed (Veterans Administration) 7 $1,542,000 $220,000 $417,000 $88,000 $145,000
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 2,285 $566,401,000 $247,000 $9,750,000 $161,000 $8,446,000
Application Denied By Financial Institution 1,447 $73,912,000 $51,000 $3,720,000 $64,000 $2,030,000
Application Approved But Not Accepted 398 $73,824,000 $185,000 $5,000,000 $119,000 $2,967,000
Loan Purchased By The Institution 184 $18,354,000 $99,000 $236,000 $44,000 $187,000
File Closed For Incompleteness 146 $18,551,000 $127,000 $2,800,000 $96,000 $1,265,000
Preapproval Denied by Financial Institution 80 $14,417,000 $180,000 $2,000,000 $73,000 $1,026,000
Application Withdrawn By Applicant 71 $27,613,000 $388,000 $7,000,000 $298,000 $9,999,000
Preapproval 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
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 Comerica Bank's 2006 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 Comerica Bank'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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