Comerica Bank Mortgage Lending & HMDA Data, 2007

In 2007, Comerica Bank of Detroit, MI reported 4,470 mortgage applications totaling $883.1 million, down 3% from 2006. The average application was for $197,552, and applicants reported an average income of $137,174. 41% of its applications resulted in an originated loan and 39% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (1,441), Detroit-Livonia-Dearborn, MI (1,200) and Dallas-Plano-Irving, TX (322) (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 4,470
Total Mortgage Loan Application Amount $883,061,000
Average Mortgage Loan Application Amount $197,552
Highest Mortgage Loan Application Amount $20,000,000
Average Applicant Income $137,174
Highest Applicant Income $6,614,000

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Act (HMDA) records Comerica Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Wayne, Michigan 1,200 $ 67,358,000 $ 56,131 $ 71,000
Oakland, Michigan 678 $ 111,959,000 $ 165,131 $ 128,000
Macomb, Michigan 675 $ 29,612,000 $ 43,869 $ 69,000
Dallas, Texas 221 $ 49,055,000 $ 221,968 $ 146,000
Harris, Texas 146 $ 24,133,000 $ 165,294 $ 166,000
Washtenaw, Michigan 116 $ 16,490,000 $ 142,155 $ 108,000
Kent, Michigan 107 $ 11,674,000 $ 109,102 $ 77,000
Jackson, Michigan 99 $ 7,310,000 $ 73,838 $ 51,000
Palm Beach, Florida 59 $ 34,609,000 $ 586,593 $ 405,000
Muskegon, Michigan 57 $ 4,723,000 $ 82,859 $ 75,000
Broward, Florida 56 $ 18,616,000 $ 332,428 $ 210,000
Livingston, Michigan 55 $ 4,701,000 $ 85,472 $ 81,000
Los Angeles, California 51 $ 98,868,000 $ 1,938,588 $ 547,000
Collin, Texas 44 $ 7,214,000 $ 163,954 $ 132,000
Tarrant, Texas 43 $ 5,357,000 $ 124,581 $ 118,000
Kalamazoo, Michigan 38 $ 5,338,000 $ 140,473 $ 115,000
Fort Bend, Texas 34 $ 3,753,000 $ 110,382 $ 111,000
Denton, Texas 33 $ 4,105,000 $ 124,393 $ 161,000
Calhoun, Michigan 32 $ 4,785,000 $ 149,531 $ 106,000
Ingham, Michigan 31 $ 3,718,000 $ 119,935 $ 70,000
Gladwin, Michigan 23 $ 1,295,000 $ 56,304 $ 48,000
Santa Clara, California 21 $ 15,764,000 $ 750,666 $ 438,000
Collier, Florida 20 $ 7,403,000 $ 370,150 $ 281,000
Lapeer, Michigan 19 $ 1,507,000 $ 79,315 $ 88,000
Orange, California 18 $ 26,852,000 $ 1,491,777 $ 944,000
Travis, Texas 18 $ 5,199,000 $ 288,833 $ 181,000
Lenawee, Michigan 17 $ 1,522,000 $ 89,529 $ 81,000
Monroe, Michigan 17 $ 757,000 $ 44,529 $ 60,000
San Diego, California 16 $ 21,252,000 $ 1,328,250 $ 876,000
Ottawa, Michigan 16 $ 1,706,000 $ 106,625 $ 68,000
Maricopa, Arizona 15 $ 13,840,000 $ 922,666 $ 254,000
Sarasota, Florida 15 $ 12,369,000 $ 824,600 $ 320,000
St. Clair, Michigan 14 $ 831,000 $ 59,357 $ 77,000
Ellis, Texas 14 $ 1,226,000 $ 87,571 $ 101,000
Genesee, Michigan 13 $ 2,605,000 $ 200,384 $ 132,000
Midland, Michigan 12 $ 1,552,000 $ 129,333 $ 124,000
Montgomery, Texas 12 $ 2,271,000 $ 189,250 $ 114,000
Monterey, California 11 $ 13,549,000 $ 1,231,727 $ 506,000
Allegan, Michigan 9 $ 5,556,000 $ 617,333 $ 162,000
Santa Cruz, California 8 $ 2,466,000 $ 308,250 $ 168,000
Lee, Florida 8 $ 3,755,000 $ 469,375 $ 143,000
Miami-Dade, Florida 8 $ 12,276,000 $ 1,534,500 $ 891,000
Eaton, Michigan 7 $ 735,000 $ 105,000 $ 66,000
Isabella, Michigan 7 $ 935,000 $ 133,571 $ 85,000
Saginaw, Michigan 7 $ 971,000 $ 138,714 $ 175,000
Galveston, Texas 7 $ 1,690,000 $ 241,428 $ 550,000
Charlevoix, Michigan 6 $ 3,191,000 $ 531,833 $ 210,000
Clark, Nevada 6 $ 2,803,000 $ 467,166 $ 573,000
Marin, California 5 $ 6,708,000 $ 1,341,600 $ 1,165,000
San Francisco, California 5 $ 7,117,000 $ 1,423,400 $ 231,000
San Mateo, California 5 $ 12,955,000 $ 2,591,000 $ 1,090,000
Pinellas, Florida 5 $ 1,308,000 $ 261,600 $ 98,000
Cheboygan, Michigan 5 $ 3,298,000 $ 659,600 $ 553,000
Emmet, Michigan 5 $ 2,994,000 $ 598,800 $ 351,000
Huron, Michigan 5 $ 700,000 $ 140,000 $ 84,000
Henderson, Texas 5 $ 3,913,000 $ 782,600 $ 839,000
Rockwall, Texas 5 $ 848,000 $ 169,600 $ 177,000
Contra Costa, California 4 $ 5,103,000 $ 1,275,750 $ 525,000
Placer, California 4 $ 2,076,000 $ 519,000 $ 119,000
Riverside, California 4 $ 3,056,000 $ 764,000 $ 787,000
Charlotte, Florida 4 $ 1,505,000 $ 376,250 $ 530,000
Barry, Michigan 4 $ 340,000 $ 85,000 $ 62,000
Clare, Michigan 4 $ 210,000 $ 52,500 $ 53,000
Clinton, Michigan 4 $ 545,000 $ 136,250 $ 57,000
Montcalm, Michigan 4 $ 193,000 $ 48,250 $ 97,000
Montmorency, Michigan 4 $ 667,000 $ 166,750 $ 197,000
Newaygo, Michigan 4 $ 750,000 $ 187,500 $ 92,000
Van Buren, Michigan 4 $ 1,035,000 $ 258,750 $ 141,000
Kaufman, Texas 4 $ 795,000 $ 198,750 $ 85,000
Alameda, California 3 $ 2,793,000 $ 931,000 $ 520,000
San Bernardino, California 3 $ 6,048,000 $ 2,016,000 $ 1,749,000
Manatee, Florida 3 $ 617,000 $ 205,666 $ 61,000
Martin, Florida 3 $ 339,000 $ 113,000 $ 74,000
Orange, Florida 3 $ 10,843,000 $ 3,614,333 $ 52,000
Hillsdale, Michigan 3 $ 263,000 $ 87,666 $ 38,000
Ionia, Michigan 3 $ 415,000 $ 138,333 $ 153,000
Leelanau, Michigan 3 $ 1,054,000 $ 351,333 $ 194,000
Brazoria, Texas 3 $ 562,000 $ 187,333 $ 912,000
Pinal, Arizona 2 $ 1,712,000 $ 856,000 $ 594,000
Solano, California 2 $ 416,000 $ 208,000 $ 84,000
Eagle, Colorado 2 $ 17,200,000 $ 8,600,000 $ 2,257,000
Pitkin, Colorado 2 $ 3,850,000 $ 1,925,000 $ 662,000
Hillsborough, Florida 2 $ 855,000 $ 427,500 $ 169,000
St. Lucie, Florida 2 $ 1,900,000 $ 950,000 $ 208,000
Hawaii, Hawaii 2 $ 2,500,000 $ 1,250,000 $ 0
Maui, Hawaii 2 $ 1,625,000 $ 812,500 $ 438,000
Essex, Massachusetts 2 $ 1,198,000 $ 599,000 $ 104,000
Antrim, Michigan 2 $ 303,000 $ 151,500 $ 55,000
Bay, Michigan 2 $ 139,000 $ 69,500 $ 86,000
Grand Traverse, Michigan 2 $ 1,266,000 $ 633,000 $ 140,000
Iosco, Michigan 2 $ 254,000 $ 127,000 $ 92,000
Kalkaska, Michigan 2 $ 92,000 $ 46,000 $ 46,000
Lake, Michigan 2 $ 40,000 $ 20,000 $ 11,000
Oceana, Michigan 2 $ 767,000 $ 383,500 $ 232,000
Roscommon, Michigan 2 $ 129,000 $ 64,500 $ 62,000
Shiawassee, Michigan 2 $ 147,000 $ 73,500 $ 56,000
Tuscola, Michigan 2 $ 50,000 $ 25,000 $ 62,000
Wexford, Michigan 2 $ 10,000 $ 5,000 $ 54,000
Cuyahoga, Ohio 2 $ 3,970,000 $ 1,985,000 $ 84,000
Clackamas, Oregon 2 $ 1,960,000 $ 980,000 $ 1,775,000
Greenville, South Carolina 2 $ 406,000 $ 203,000 $ 67,000
Hidalgo, Texas 2 $ 170,000 $ 85,000 $ 46,000
Smith, Texas 2 $ 383,000 $ 191,500 $ 533,000
Williamson, Texas 2 $ 124,000 $ 62,000 $ 88,000
Lee, Alabama 1 $ 175,000 $ 175,000 $ 50,000
Coconino, Arizona 1 $ 1,600,000 $ 1,600,000 $ 318,000
Pima, Arizona 1 $ 1,360,000 $ 1,360,000 $ 427,000
Kern, California 1 $ 100,000 $ 100,000 $ 163,000
Lake, California 1 $ 111,000 $ 111,000 $ 33,000
Mono, California 1 $ 940,000 $ 940,000 $ 243,000
Plumas, California 1 $ 1,860,000 $ 1,860,000 $ 5,437,000
San Luis Obispo, California 1 $ 368,000 $ 368,000 $ 2,063,000
Santa Barbara, California 1 $ 1,000,000 $ 1,000,000 $ 6,142,000
Sonoma, California 1 $ 1,960,000 $ 1,960,000 $ 1,866,000
Stanislaus, California 1 $ 220,000 $ 220,000 $ 42,000
Sutter, California 1 $ 315,000 $ 315,000 $ 57,000
Tulare, California 1 $ 450,000 $ 450,000 $ 265,000
Tuolumne, California 1 $ 200,000 $ 200,000 $ 84,000
Ventura, California 1 $ 1,100,000 $ 1,100,000 $ 583,000
Yolo, California 1 $ 443,000 $ 443,000 $ 303,000
Arapahoe, Colorado 1 $ 5,000,000 $ 5,000,000 $ 1,596,000
Boulder, Colorado 1 $ 260,000 $ 260,000 $ 81,000
Denver, Colorado 1 $ 800,000 $ 800,000 $ 0
Gunnison, Colorado 1 $ 2,200,000 $ 2,200,000 $ 644,000
Larimer, Colorado 1 $ 559,000 $ 559,000 $ 145,000
Mineral, Colorado 1 $ 208,000 $ 208,000 $ 90,000
Teller, Colorado 1 $ 225,000 $ 225,000 $ 119,000
Kent, Delaware 1 $ 3,000 $ 3,000 $ 18,000
Brevard, Florida 1 $ 576,000 $ 576,000 $ 88,000
Duval, Florida 1 $ 593,000 $ 593,000 $ 439,000
Flagler, Florida 1 $ 332,000 $ 332,000 $ 265,000
Glades, Florida 1 $ 850,000 $ 850,000 $ 156,000
Hernando, Florida 1 $ 405,000 $ 405,000 $ 217,000
Indian River, Florida 1 $ 1,900,000 $ 1,900,000 $ 461,000
Marion, Florida 1 $ 2,000,000 $ 2,000,000 $ 1,388,000
Monroe, Florida 1 $ 2,000,000 $ 2,000,000 $ 1,275,000
Osceola, Florida 1 $ 579,000 $ 579,000 $ 246,000
Polk, Florida 1 $ 150,000 $ 150,000 $ 160,000
Seminole, Florida 1 $ 1,060,000 $ 1,060,000 $ 350,000
St. Johns, Florida 1 $ 2,960,000 $ 2,960,000 $ 1,737,000
Walton, Florida 1 $ 2,000,000 $ 2,000,000 $ 1,000,000
Kauai, Hawaii 1 $ 2,400,000 $ 2,400,000 $ 750,000
Blaine, Idaho 1 $ 1,420,000 $ 1,420,000 $ 553,000
Kootenai, Idaho 1 $ 2,380,000 $ 2,380,000 $ 0
Cook, Illinois 1 $ 400,000 $ 400,000 $ 0
Kane, Illinois 1 $ 75,000 $ 75,000 $ 196,000
Lake, Illinois 1 $ 538,000 $ 538,000 $ 162,000
Hendricks, Indiana 1 $ 100,000 $ 100,000 $ 37,000
Lake, Indiana 1 $ 100,000 $ 100,000 $ 105,000
Jefferson, Kentucky 1 $ 175,000 $ 175,000 $ 100,000
Montgomery, Maryland 1 $ 673,000 $ 673,000 $ 455,000
Prince George's, Maryland 1 $ 333,000 $ 333,000 $ 110,000
Middlesex, Massachusetts 1 $ 465,000 $ 465,000 $ 149,000
Arenac, Michigan 1 $ 78,000 $ 78,000 $ 103,000
Branch, Michigan 1 $ 85,000 $ 85,000 $ 58,000
Cass, Michigan 1 $ 123,000 $ 123,000 $ 81,000
Gratiot, Michigan 1 $ 66,000 $ 66,000 $ 67,000
Mackinac, Michigan 1 $ 1,300,000 $ 1,300,000 $ 413,000
Mason, Michigan 1 $ 130,000 $ 130,000 $ 303,000
Mecosta, Michigan 1 $ 98,000 $ 98,000 $ 50,000
Ogemaw, Michigan 1 $ 55,000 $ 55,000 $ 67,000
Osceola, Michigan 1 $ 720,000 $ 720,000 $ 1,000,000
Sanilac, Michigan 1 $ 296,000 $ 296,000 $ 164,000
Hinds, Mississippi 1 $ 23,000 $ 23,000 $ 72,000
Stone, Missouri 1 $ 71,000 $ 71,000 $ 140,000
Camden, New Jersey 1 $ 294,000 $ 294,000 $ 130,000
Bernalillo, New Mexico 1 $ 202,000 $ 202,000 $ 1,798,000
Colfax, New Mexico 1 $ 649,000 $ 649,000 $ 394,000
Mecklenburg, North Carolina 1 $ 320,000 $ 320,000 $ 89,000
Orange, North Carolina 1 $ 1,062,000 $ 1,062,000 $ 496,000
Wake, North Carolina 1 $ 245,000 $ 245,000 $ 89,000
Licking, Ohio 1 $ 163,000 $ 163,000 $ 92,000
Montgomery, Ohio 1 $ 56,000 $ 56,000 $ 98,000
Ottawa, Ohio 1 $ 274,000 $ 274,000 $ 161,000
Tulsa, Oklahoma 1 $ 74,000 $ 74,000 $ 643,000
Beaufort, South Carolina 1 $ 2,891,000 $ 2,891,000 $ 0
Charleston, South Carolina 1 $ 133,000 $ 133,000 $ 61,000
Fayette, Tennessee 1 $ 80,000 $ 80,000 $ 89,000
Sumner, Tennessee 1 $ 600,000 $ 600,000 $ 331,000
Williamson, Tennessee 1 $ 1,710,000 $ 1,710,000 $ 405,000
Aransas, Texas 1 $ 494,000 $ 494,000 $ 272,000
Bastrop, Texas 1 $ 235,000 $ 235,000 $ 47,000
Bexar, Texas 1 $ 1,000,000 $ 1,000,000 $ 0
Brazos, Texas 1 $ 252,000 $ 252,000 $ 106,000
Cooke, Texas 1 $ 28,000 $ 28,000 $ 81,000
Hunt, Texas 1 $ 200,000 $ 200,000 $ 94,000
Llano, Texas 1 $ 162,000 $ 162,000 $ 87,000
Red River, Texas 1 $ 115,000 $ 115,000 $ 35,000
Waller, Texas 1 $ 119,000 $ 119,000 $ 34,000
Salt Lake, Utah 1 $ 1,360,000 $ 1,360,000 $ 1,670,000
Summit, Utah 1 $ 5,625,000 $ 5,625,000 $ 1,670,000
Utah, Utah 1 $ 1,000,000 $ 1,000,000 $ 4,867,000
Fauquier, Virginia 1 $ 340,000 $ 340,000 $ 155,000
Waukesha, Wisconsin 1 $ 591,000 $ 591,000 $ 600,000

Mortgage Loan Application Detail Totals for Comerica Bank in 2007

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 1,880 $417,009,000 $221,000 $11,700,000 $142,000 $6,142,000
Home Improvement 1,739 $25,375,000 $14,000 $9,860,000 $65,000 $750,000
Home Purchase 851 $440,677,000 $517,000 $20,000,000 $274,000 $6,614,000

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 2,824 $436,003,000 $154,000 $7,800,000 $132,000 $6,614,000
Black or African American 720 $40,806,000 $56,000 $2,620,000 $74,000 $3,551,000
Not Provided 379 $275,798,000 $727,000 $16,500,000 $381,000 $6,614,000
Not applicable 214 $81,088,000 $378,000 $20,000,000 $35,000 $139,000
Hispanic 210 $26,868,000 $127,000 $5,000,000 $95,000 $5,308,000
Asian 85 $20,666,000 $243,000 $3,600,000 $153,000 $3,259,000
American Indian or Alaskan Native 28 $1,331,000 $47,000 $352,000 $60,000 $308,000
Native Hawaiian or Other Pacific Islander 10 $501,000 $50,000 $290,000 $85,000 $176,000

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) 4,459 $881,639,000 $197,000 $20,000,000 $138,000 $6,614,000
FHA-insured (Federal Housing Administration) 6 $804,000 $134,000 $179,000 $54,000 $78,000
VA-guaranteed (Veterans Administration) 5 $618,000 $123,000 $205,000 $61,000 $90,000
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 1,850 $601,878,000 $325,000 $20,000,000 $206,000 $6,614,000
Application Denied By Financial Institution 1,748 $102,731,000 $58,000 $7,800,000 $66,000 $985,000
Application Approved But Not Accepted 406 $86,293,000 $212,000 $5,000,000 $177,000 $6,614,000
Loan Purchased By The Institution 178 $17,553,000 $98,000 $230,000 $42,000 $139,000
File Closed For Incompleteness 147 $20,451,000 $139,000 $2,750,000 $116,000 $1,000,000
Application Withdrawn By Applicant 72 $40,106,000 $557,000 $6,920,000 $258,000 $2,144,000
Preapproval Denied by Financial Institution 69 $14,049,000 $203,000 $2,400,000 $54,000 $338,000
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 2007 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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