Comerica Bank Mortgage Lending & HMDA Data, 2008

In 2008, Comerica Bank of Detroit, MI reported 3,538 mortgage applications totaling $827.5 million, down 21% from 2007. The average application was for $233,884, and applicants reported an average income of $123,168. 31% of its applications resulted in an originated loan and 35% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (946), Detroit-Livonia-Dearborn, MI (738) and Dallas-Plano-Irving, TX (326) (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 3,538
Total Mortgage Loan Application Amount $827,483,000
Average Mortgage Loan Application Amount $233,884
Highest Mortgage Loan Application Amount $20,000,000
Average Applicant Income $123,168
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Act (HMDA) records Comerica Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Wayne, Michigan 738 $ 64,297,000 $ 87,123 $ 71,000
Oakland, Michigan 492 $ 129,724,000 $ 263,666 $ 143,000
Macomb, Michigan 388 $ 37,255,000 $ 96,018 $ 66,000
Dallas, Texas 227 $ 48,623,000 $ 214,198 $ 110,000
Harris, Texas 179 $ 20,857,000 $ 116,519 $ 97,000
Washtenaw, Michigan 101 $ 17,596,000 $ 174,217 $ 108,000
Kent, Michigan 95 $ 13,352,000 $ 140,547 $ 92,000
Jackson, Michigan 82 $ 7,039,000 $ 85,841 $ 52,000
Tarrant, Texas 52 $ 8,177,000 $ 157,250 $ 117,000
Los Angeles, California 50 $ 92,709,000 $ 1,854,180 $ 281,000
Collin, Texas 50 $ 9,186,000 $ 183,720 $ 108,000
Muskegon, Michigan 49 $ 4,024,000 $ 82,122 $ 71,000
Calhoun, Michigan 43 $ 3,666,000 $ 85,255 $ 73,000
Broward, Florida 40 $ 15,532,000 $ 388,300 $ 151,000
Livingston, Michigan 40 $ 6,644,000 $ 166,100 $ 93,000
Travis, Texas 39 $ 7,965,000 $ 204,230 $ 149,000
Palm Beach, Florida 37 $ 11,612,000 $ 313,837 $ 172,000
Fort Bend, Texas 36 $ 5,812,000 $ 161,444 $ 94,000
Ottawa, Michigan 34 $ 4,661,000 $ 137,088 $ 86,000
Orange, California 33 $ 25,198,000 $ 763,575 $ 441,000
Ingham, Michigan 32 $ 3,615,000 $ 112,968 $ 73,000
Denton, Texas 31 $ 5,583,000 $ 180,096 $ 107,000
Santa Clara, California 29 $ 14,586,000 $ 502,965 $ 137,000
Kalamazoo, Michigan 28 $ 3,315,000 $ 118,392 $ 70,000
Gladwin, Michigan 27 $ 2,103,000 $ 77,888 $ 44,000
Maricopa, Arizona 24 $ 5,930,000 $ 247,083 $ 118,000
Midland, Michigan 21 $ 5,279,000 $ 251,380 $ 106,000
Santa Cruz, California 20 $ 6,927,000 $ 346,350 $ 275,000
Collier, Florida 19 $ 5,666,000 $ 298,210 $ 265,000
San Diego, California 18 $ 25,998,000 $ 1,444,333 $ 753,000
Montgomery, Texas 18 $ 5,945,000 $ 330,277 $ 374,000
Lapeer, Michigan 16 $ 2,329,000 $ 145,562 $ 54,000
Lenawee, Michigan 16 $ 1,571,000 $ 98,187 $ 52,000
Williamson, Texas 15 $ 2,624,000 $ 174,933 $ 74,000
Monterey, California 13 $ 15,166,000 $ 1,166,615 $ 622,000
Eaton, Michigan 13 $ 1,499,000 $ 115,307 $ 71,000
Monroe, Michigan 13 $ 1,286,000 $ 98,923 $ 73,000
Alameda, California 11 $ 4,226,000 $ 384,181 $ 158,000
Sarasota, Florida 11 $ 4,857,000 $ 441,545 $ 111,000
Barry, Michigan 11 $ 1,304,000 $ 118,545 $ 44,000
Genesee, Michigan 10 $ 1,807,000 $ 180,700 $ 65,000
St. Clair, Michigan 10 $ 1,346,000 $ 134,600 $ 93,000
San Mateo, California 9 $ 4,888,000 $ 543,111 $ 212,000
Clare, Michigan 8 $ 750,000 $ 93,750 $ 65,000
Ellis, Texas 8 $ 1,203,000 $ 150,375 $ 114,000
Allegan, Michigan 7 $ 1,051,000 $ 150,142 $ 87,000
Lee, Florida 6 $ 2,493,000 $ 415,500 $ 290,000
Martin, Florida 6 $ 845,000 $ 140,833 $ 48,000
Contra Costa, California 5 $ 2,934,000 $ 586,800 $ 822,000
San Bernardino, California 5 $ 1,200,000 $ 240,000 $ 86,000
Miami-Dade, Florida 5 $ 6,862,000 $ 1,372,400 $ 201,000
Mecosta, Michigan 5 $ 389,000 $ 77,800 $ 53,000
Montcalm, Michigan 5 $ 246,000 $ 49,200 $ 100,000
Shiawassee, Michigan 5 $ 470,000 $ 94,000 $ 115,000
Brazoria, Texas 5 $ 1,090,000 $ 218,000 $ 105,000
Kaufman, Texas 5 $ 1,166,000 $ 233,200 $ 96,000
Placer, California 4 $ 904,000 $ 226,000 $ 91,000
Riverside, California 4 $ 3,041,000 $ 760,250 $ 25,000
Sacramento, California 4 $ 1,287,000 $ 321,750 $ 338,000
San Francisco, California 4 $ 4,239,000 $ 1,059,750 $ 273,000
Antrim, Michigan 4 $ 1,146,000 $ 286,500 $ 464,000
Newaygo, Michigan 4 $ 724,000 $ 181,000 $ 65,000
Ogemaw, Michigan 4 $ 437,000 $ 109,250 $ 83,000
Galveston, Texas 4 $ 625,000 $ 156,250 $ 52,000
Rockwall, Texas 4 $ 710,000 $ 177,500 $ 127,000
Pasco, Florida 3 $ 395,000 $ 131,666 $ 57,000
Fulton, Georgia 3 $ 1,907,000 $ 635,666 $ 296,000
Cook, Illinois 3 $ 1,353,000 $ 451,000 $ 418,000
Charlevoix, Michigan 3 $ 524,000 $ 174,666 $ 149,000
Clinton, Michigan 3 $ 286,000 $ 95,333 $ 102,000
Crawford, Michigan 3 $ 212,000 $ 70,666 $ 42,000
Grand Traverse, Michigan 3 $ 903,000 $ 301,000 $ 540,000
Hillsdale, Michigan 3 $ 330,000 $ 110,000 $ 230,000
Oceana, Michigan 3 $ 287,000 $ 95,666 $ 43,000
Roscommon, Michigan 3 $ 176,000 $ 58,666 $ 49,000
Saginaw, Michigan 3 $ 281,000 $ 93,666 $ 62,000
Van Buren, Michigan 3 $ 186,000 $ 62,000 $ 120,000
Clark, Nevada 3 $ 7,923,000 $ 2,641,000 $ 856,000
Washoe, Nevada 3 $ 1,702,000 $ 567,333 $ 324,000
Hamilton, Ohio 3 $ 2,391,000 $ 797,000 $ 272,000
Liberty, Texas 3 $ 280,000 $ 93,333 $ 73,000
Parker, Texas 3 $ 560,000 $ 186,666 $ 130,000
Montgomery, Alabama 2 $ 24,250,000 $ 12,125,000 $ 0
Mohave, Arizona 2 $ 177,000 $ 88,500 $ 147,000
El Dorado, California 2 $ 939,000 $ 469,500 $ 114,000
Kern, California 2 $ 310,000 $ 155,000 $ 72,000
Madera, California 2 $ 508,000 $ 254,000 $ 45,000
San Joaquin, California 2 $ 334,000 $ 167,000 $ 74,000
Ventura, California 2 $ 3,577,000 $ 1,788,500 $ 172,000
Yolo, California 2 $ 316,000 $ 158,000 $ 67,000
Indian River, Florida 2 $ 416,000 $ 208,000 $ 396,000
Pinellas, Florida 2 $ 417,000 $ 208,500 $ 96,000
Seminole, Florida 2 $ 425,000 $ 212,500 $ 70,000
Honolulu, Hawaii 2 $ 6,453,000 $ 3,226,500 $ 815,000
Branch, Michigan 2 $ 926,000 $ 463,000 $ 77,000
Iosco, Michigan 2 $ 225,000 $ 112,500 $ 185,000
Marquette, Michigan 2 $ 112,000 $ 56,000 $ 86,000
Osceola, Michigan 2 $ 160,000 $ 80,000 $ 33,000
Otsego, Michigan 2 $ 171,000 $ 85,500 $ 134,000
Watauga, North Carolina 2 $ 1,540,000 $ 770,000 $ 976,000
Bexar, Texas 2 $ 1,112,000 $ 556,000 $ 515,000
Bosque, Texas 2 $ 84,000 $ 42,000 $ 116,000
Cameron, Texas 2 $ 226,000 $ 113,000 $ 287,000
Hays, Texas 2 $ 494,000 $ 247,000 $ 147,000
Henderson, Texas 2 $ 894,000 $ 447,000 $ 209,000
Kerr, Texas 2 $ 627,000 $ 313,500 $ 585,000
Llano, Texas 2 $ 996,000 $ 498,000 $ 133,000
McLennan, Texas 2 $ 209,000 $ 104,500 $ 12,000
Pima, Arizona 1 $ 166,000 $ 166,000 $ 150,000
Yavapai, Arizona 1 $ 938,000 $ 938,000 $ 435,000
Amador, California 1 $ 310,000 $ 310,000 $ 136,000
Fresno, California 1 $ 200,000 $ 200,000 $ 76,000
Marin, California 1 $ 656,000 $ 656,000 $ 1,568,000
San Benito, California 1 $ 120,000 $ 120,000 $ 26,000
San Luis Obispo, California 1 $ 1,500,000 $ 1,500,000 $ 2,885,000
Solano, California 1 $ 1,100,000 $ 1,100,000 $ 616,000
Sonoma, California 1 $ 270,000 $ 270,000 $ 92,000
Tulare, California 1 $ 431,000 $ 431,000 $ 380,000
Tuolumne, California 1 $ 370,000 $ 370,000 $ 160,000
Yuba, California 1 $ 185,000 $ 185,000 $ 35,000
Custer, Colorado 1 $ 165,000 $ 165,000 $ 60,000
Denver, Colorado 1 $ 250,000 $ 250,000 $ 95,000
Eagle, Colorado 1 $ 3,500,000 $ 3,500,000 $ 8,170,000
Pitkin, Colorado 1 $ 794,000 $ 794,000 $ 0
Highlands, Florida 1 $ 96,000 $ 96,000 $ 53,000
Hillsborough, Florida 1 $ 520,000 $ 520,000 $ 170,000
Lake, Florida 1 $ 250,000 $ 250,000 $ 206,000
Manatee, Florida 1 $ 300,000 $ 300,000 $ 431,000
Marion, Florida 1 $ 9,000,000 $ 9,000,000 $ 6,402,000
Monroe, Florida 1 $ 300,000 $ 300,000 $ 750,000
Okaloosa, Florida 1 $ 80,000 $ 80,000 $ 60,000
Polk, Florida 1 $ 100,000 $ 100,000 $ 35,000
St. Lucie, Florida 1 $ 168,000 $ 168,000 $ 52,000
Walton, Florida 1 $ 225,000 $ 225,000 $ 42,000
Hawaii, Hawaii 1 $ 14,000,000 $ 14,000,000 $ 2,087,000
Johnson, Kansas 1 $ 60,000 $ 60,000 $ 74,000
Montgomery, Maryland 1 $ 1,714,000 $ 1,714,000 $ 2,206,000
Nantucket, Massachusetts 1 $ 7,031,000 $ 7,031,000 $ 0
Alcona, Michigan 1 $ 33,000 $ 33,000 $ 38,000
Alpena, Michigan 1 $ 140,000 $ 140,000 $ 65,000
Arenac, Michigan 1 $ 44,000 $ 44,000 $ 26,000
Bay, Michigan 1 $ 28,000 $ 28,000 $ 15,000
Benzie, Michigan 1 $ 265,000 $ 265,000 $ 139,000
Cheboygan, Michigan 1 $ 523,000 $ 523,000 $ 600,000
Delta, Michigan 1 $ 71,000 $ 71,000 $ 60,000
Emmet, Michigan 1 $ 172,000 $ 172,000 $ 127,000
Huron, Michigan 1 $ 80,000 $ 80,000 $ 49,000
Kalkaska, Michigan 1 $ 56,000 $ 56,000 $ 163,000
Leelanau, Michigan 1 $ 384,000 $ 384,000 $ 410,000
Mackinac, Michigan 1 $ 350,000 $ 350,000 $ 71,000
Manistee, Michigan 1 $ 255,000 $ 255,000 $ 215,000
Mason, Michigan 1 $ 62,000 $ 62,000 $ 32,000
Sanilac, Michigan 1 $ 284,000 $ 284,000 $ 163,000
Tuscola, Michigan 1 $ 75,000 $ 75,000 $ 43,000
Wexford, Michigan 1 $ 77,000 $ 77,000 $ 51,000
Greene, Missouri 1 $ 272,000 $ 272,000 $ 292,000
Hunterdon, New Jersey 1 $ 232,000 $ 232,000 $ 780,000
Monmouth, New Jersey 1 $ 417,000 $ 417,000 $ 603,000
Brunswick, North Carolina 1 $ 139,000 $ 139,000 $ 168,000
Mecklenburg, North Carolina 1 $ 600,000 $ 600,000 $ 295,000
Orange, North Carolina 1 $ 548,000 $ 548,000 $ 0
Union, North Carolina 1 $ 800,000 $ 800,000 $ 233,000
Butler, Ohio 1 $ 100,000 $ 100,000 $ 29,000
Multnomah, Oregon 1 $ 75,000 $ 75,000 $ 240,000
Allegheny, Pennsylvania 1 $ 2,013,000 $ 2,013,000 $ 529,000
Beaufort, South Carolina 1 $ 895,000 $ 895,000 $ 0
Horry, South Carolina 1 $ 320,000 $ 320,000 $ 128,000
Williamson, Tennessee 1 $ 770,000 $ 770,000 $ 200,000
Bastrop, Texas 1 $ 78,000 $ 78,000 $ 50,000
Brazos, Texas 1 $ 310,000 $ 310,000 $ 484,000
Camp, Texas 1 $ 62,000 $ 62,000 $ 146,000
Colorado, Texas 1 $ 84,000 $ 84,000 $ 19,000
Fannin, Texas 1 $ 30,000 $ 30,000 $ 29,000
Hidalgo, Texas 1 $ 75,000 $ 75,000 $ 50,000
Hunt, Texas 1 $ 66,000 $ 66,000 $ 48,000
Lubbock, Texas 1 $ 61,000 $ 61,000 $ 89,000
Polk, Texas 1 $ 50,000 $ 50,000 $ 19,000
Smith, Texas 1 $ 95,000 $ 95,000 $ 72,000
Taylor, Texas 1 $ 43,000 $ 43,000 $ 86,000
Van Zandt, Texas 1 $ 34,000 $ 34,000 $ 18,000
Wharton, Texas 1 $ 150,000 $ 150,000 $ 71,000
Wood, Texas 1 $ 188,000 $ 188,000 $ 195,000
Fairfax, Virginia 1 $ 400,000 $ 400,000 $ 527,000

Mortgage Loan Application Detail Totals for Comerica Bank in 2008

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 1,868 $479,354,000 $256,000 $20,000,000 $127,000 $9,999,000
Home Purchase 1,211 $334,073,000 $275,000 $15,480,000 $134,000 $5,477,000
Home Improvement 459 $14,056,000 $30,000 $1,018,000 $79,000 $1,847,000

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 1,917 $377,584,000 $196,000 $18,000,000 $128,000 $9,999,000
Not Provided 687 $272,186,000 $396,000 $20,000,000 $170,000 $5,477,000
Black or African American 409 $30,555,000 $74,000 $711,000 $64,000 $1,553,000
Hispanic 240 $29,689,000 $123,000 $2,175,000 $68,000 $531,000
Not applicable 130 $73,319,000 $563,000 $15,480,000 $100,000 $8,170,000
Asian 119 $29,323,000 $246,000 $2,600,000 $112,000 $900,000
American Indian or Alaskan Native 28 $13,650,000 $487,000 $11,400,000 $94,000 $1,043,000
Native Hawaiian or Other Pacific Islander 8 $1,177,000 $147,000 $478,000 $226,000 $1,298,000

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) 3,163 $776,306,000 $245,000 $20,000,000 $131,000 $9,999,000
FHA-insured (Federal Housing Administration) 370 $50,491,000 $136,000 $702,000 $59,000 $310,000
VA-guaranteed (Veterans Administration) 5 $686,000 $137,000 $209,000 $63,000 $79,000
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
Application Denied By Financial Institution 1,221 $227,213,000 $186,000 $10,000,000 $90,000 $2,959,000
Loan Originated 1,113 $317,978,000 $285,000 $15,480,000 $155,000 $8,170,000
Application Approved But Not Accepted 893 $157,553,000 $176,000 $4,500,000 $113,000 $2,885,000
Application Withdrawn By Applicant 99 $35,620,000 $359,000 $3,500,000 $191,000 $2,206,000
Loan Purchased By The Institution 97 $10,035,000 $103,000 $249,000 $50,000 $139,000
File Closed For Incompleteness 86 $69,391,000 $806,000 $20,000,000 $293,000 $9,999,000
Preapproval Denied by Financial Institution 29 $9,693,000 $334,000 $4,800,000 $105,000 $1,420,000
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 2008 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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