Comerica Bank Mortgage Lending & HMDA Data, 2005
In 2005, Comerica Bank of Detroit, MI reported 4,557 mortgage applications totaling $946.6 million, down 21% from 2004. The average application was for $207,721, and applicants reported an average income of $139,789. 56% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Warren-Farmington Hills-Troy, MI (1,194), Detroit-Livonia-Dearborn, MI (1,064) and Dallas-Plano-Irving, TX (316) (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 | 4,557 |
| Total Mortgage Loan Application Amount | $946,588,000 |
| Average Mortgage Loan Application Amount | $207,721 |
| Highest Mortgage Loan Application Amount | $14,800,000 |
| Average Applicant Income | $139,789 |
| Highest Applicant Income | $6,267,000 |
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Act (HMDA) records Comerica Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Warren-Farmington Hills-Troy, MI | 1,194 | $ 205,129,000 | $ 171,799 | $ 122,000 |
| Detroit-Livonia-Dearborn, MI | 1,064 | $ 79,137,000 | $ 74,376 | $ 57,000 |
| Dallas-Plano-Irving, TX | 316 | $ 58,541,000 | $ 185,256 | $ 159,000 |
| Grand Rapids-Wyoming, MI | 252 | $ 28,453,000 | $ 112,908 | $ 145,000 |
| Houston-Baytown-Sugar Land, TX | 174 | $ 20,099,000 | $ 115,511 | $ 123,000 |
| Ann Arbor, MI | 141 | $ 25,101,000 | $ 178,021 | $ 111,000 |
| Jackson, MI | 107 | $ 8,522,000 | $ 79,644 | $ 45,000 |
| Muskegon-Norton Shores, MI | 84 | $ 9,370,000 | $ 111,547 | $ 66,000 |
| Lansing-East Lansing, MI | 80 | $ 9,384,000 | $ 117,300 | $ 81,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 76 | $ 38,352,000 | $ 504,631 | $ 279,000 |
| Kalamazoo-Portage, MI | 72 | $ 7,918,000 | $ 109,972 | $ 64,000 |
| Holland-Grand Haven, MI | 67 | $ 7,817,000 | $ 116,671 | $ 65,000 |
| Battle Creek, MI | 63 | $ 4,935,000 | $ 78,333 | $ 46,000 |
| Los Angeles-Long Beach-Glendale, CA | 62 | $ 70,275,000 | $ 1,133,467 | $ 429,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 59 | $ 14,209,000 | $ 240,830 | $ 198,000 |
| Fort Worth-Arlington, TX | 44 | $ 4,503,000 | $ 102,340 | $ 107,000 |
| Santa Ana-Anaheim-Irvine, CA | 34 | $ 50,948,000 | $ 1,498,470 | $ 835,000 |
| Austin-Round Rock, TX | 31 | $ 5,854,000 | $ 188,838 | $ 110,000 |
| Sarasota-Bradenton-Venice, FL | 26 | $ 25,899,000 | $ 996,115 | $ 552,000 |
| Flint, MI | 23 | $ 2,308,000 | $ 100,347 | $ 60,000 |
| Naples-Marco Island, FL | 23 | $ 11,405,000 | $ 495,869 | $ 297,000 |
| Monroe, MI | 21 | $ 1,888,000 | $ 89,904 | $ 60,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 21 | $ 15,740,000 | $ 749,523 | $ 233,000 |
| Riverside-San Bernardino-Ontario, CA | 16 | $ 11,494,000 | $ 718,375 | $ 443,000 |
| San Francisco-San Mateo-Redwood City, CA | 13 | $ 27,210,000 | $ 2,093,076 | $ 826,000 |
| Cape Coral-Fort Myers, FL | 12 | $ 4,452,000 | $ 371,000 | $ 345,000 |
| Phoenix-Mesa-Scottsdale, AZ | 11 | $ 6,089,000 | $ 553,545 | $ 448,000 |
| San Diego-Carlsbad-San Marcos, CA | 11 | $ 38,651,000 | $ 3,513,727 | $ 481,000 |
| Miami-Miami Beach-Kendall, FL | 9 | $ 8,614,000 | $ 957,111 | $ 385,000 |
| Santa Cruz-Watsonville, CA | 9 | $ 5,636,000 | $ 626,222 | $ 271,000 |
| Salinas, CA | 7 | $ 5,678,000 | $ 811,142 | $ 990,000 |
| Tampa-St. Petersburg-Clearwater, FL | 7 | $ 3,873,000 | $ 553,285 | $ 287,000 |
| Oakland-Fremont-Hayward, CA | 6 | $ 5,938,000 | $ 989,666 | $ 422,000 |
| Port St. Lucie-Fort Pierce, FL | 6 | $ 2,466,000 | $ 411,000 | $ 161,000 |
| Chicago-Naperville-Joliet, IL | 5 | $ 1,601,000 | $ 320,200 | $ 277,000 |
| Bay City, MI | 4 | $ 317,000 | $ 79,250 | $ 47,000 |
| Fresno, CA | 4 | $ 1,415,000 | $ 353,750 | $ 108,000 |
| Jacksonville, FL | 4 | $ 2,118,000 | $ 529,500 | $ 262,000 |
| Lakeland, FL | 4 | $ 623,000 | $ 155,750 | $ 254,000 |
| Las Vegas-Paradise, NV | 4 | $ 2,679,000 | $ 669,750 | $ 67,000 |
| Merced, CA | 4 | $ 1,078,000 | $ 269,500 | $ 1,205,000 |
| Orlando, FL | 4 | $ 1,255,000 | $ 313,750 | $ 199,000 |
| Saginaw-Saginaw Township North, MI | 4 | $ 270,000 | $ 67,500 | $ 34,000 |
| Santa Rosa-Petaluma, CA | 4 | $ 2,643,000 | $ 660,750 | $ 250,000 |
| Niles-Benton Harbor, MI | 3 | $ 402,000 | $ 134,000 | $ 620,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 3 | $ 2,925,000 | $ 975,000 | $ 254,000 |
| San Antonio, TX | 3 | $ 885,000 | $ 295,000 | $ 628,000 |
| Toledo, OH | 3 | $ 262,000 | $ 87,333 | $ 118,000 |
| Tucson, AZ | 3 | $ 959,000 | $ 319,666 | $ 184,000 |
| Yuba City, CA | 3 | $ 885,000 | $ 295,000 | $ 393,000 |
| Akron, OH | 2 | $ 42,000 | $ 21,000 | $ 63,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 1,685,000 | $ 842,500 | $ 181,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 992,000 | $ 496,000 | $ 130,000 |
| Fort Walton Beach-Crestview-Destin, FL | 2 | $ 436,000 | $ 218,000 | $ 110,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 1,395,000 | $ 697,500 | $ 1,749,000 |
| Salt Lake City, UT | 2 | $ 1,378,000 | $ 689,000 | $ 401,000 |
| Santa Fe, NM | 2 | $ 3,050,000 | $ 1,525,000 | $ 341,000 |
| Seattle-Bellevue-Everett, WA | 2 | $ 568,000 | $ 284,000 | $ 88,000 |
| Sherman-Denison, TX | 2 | $ 2,880,000 | $ 1,440,000 | $ 647,000 |
| Vero Beach, FL | 2 | $ 2,205,000 | $ 1,102,500 | $ 293,000 |
| Bakersfield, CA | 1 | $ 150,000 | $ 150,000 | $ 45,000 |
| Bethesda-Frederick-Gaithersburg, MD | 1 | $ 200,000 | $ 200,000 | $ 360,000 |
| Boston-Quincy, MA | 1 | $ 304,000 | $ 304,000 | $ 256,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 120,000 | $ 120,000 | $ 352,000 |
| Cleveland-Elyria-Mentor, OH | 1 | $ 1,077,000 | $ 1,077,000 | $ 514,000 |
| Elkhart-Goshen, IN | 1 | $ 105,000 | $ 105,000 | $ 41,000 |
| Flagstaff, AZ | 1 | $ 230,000 | $ 230,000 | $ 0 |
| Indianapolis, IN | 1 | $ 51,000 | $ 51,000 | $ 96,000 |
| Jackson, TN | 1 | $ 125,000 | $ 125,000 | $ 60,000 |
| Johnson City, TN | 1 | $ 107,000 | $ 107,000 | $ 62,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 495,000 | $ 495,000 | $ 310,000 |
| Lubbock, TX | 1 | $ 85,000 | $ 85,000 | $ 203,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 300,000 | $ 300,000 | $ 111,000 |
| Muncie, IN | 1 | $ 100,000 | $ 100,000 | $ 33,000 |
| Napa, CA | 1 | $ 1,325,000 | $ 1,325,000 | $ 243,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 160,000 | $ 160,000 | $ 35,000 |
| Ocala, FL | 1 | $ 500,000 | $ 500,000 | $ 129,000 |
| Panama City-Lynn Haven, FL | 1 | $ 716,000 | $ 716,000 | $ 765,000 |
| Vallejo-Fairfield, CA | 1 | $ 947,000 | $ 947,000 | $ 219,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 128,000 | $ 128,000 | $ 95,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 105,000 | $ 105,000 | $ 3,582,000 |
Mortgage Loan Application Detail Totals for Comerica Bank in 2005
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 | 2,627 | $544,653,000 | $505,473 | $12,500,000 | $278,105 | $6,000,000 |
| Home Purchase | 1,085 | $390,077,000 | $502,259 | $14,800,000 | $216,851 | $6,267,000 |
| Home Improvement | 845 | $11,858,000 | $200,750 | $825,000 | $209,750 | $895,000 |
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 | 2,769 | $568,982,000 | $370,761 | $12,500,000 | $232,619 | $6,267,000 |
| Black or African American | 675 | $35,746,000 | $304,333 | $1,440,000 | $194,833 | $1,831,000 |
| Not Provided | 552 | $183,436,000 | $623,411 | $2,966,000 | $398,411 | $5,596,000 |
| Hispanic | 218 | $28,950,000 | $479,333 | $5,000,000 | $467,333 | $2,272,000 |
| Not applicable | 212 | $98,666,000 | $1,315,363 | $14,800,000 | $4,545 | $120,000 |
| Asian | 103 | $27,320,000 | $366,666 | $2,500,000 | $174,833 | $1,084,000 |
| American Indian or Alaskan Native | 24 | $3,225,000 | $102,500 | $2,015,000 | $65,500 | $807,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $263,000 | $75,500 | $133,000 | $77,000 | $131,000 |
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) | 4,532 | $944,142,000 | $481,033 | $14,800,000 | $246,633 | $6,267,000 |
| FHA-insured (Federal Housing Administration) | 20 | $1,897,000 | $96,500 | $171,000 | $42,500 | $74,000 |
| VA-guaranteed (Veterans Administration) | 5 | $549,000 | $109,000 | $142,000 | $41,000 | $69,000 |
| 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 | 2,572 | $667,917,000 | $485,357 | $14,800,000 | $279,071 | $6,267,000 |
| Application Denied By Financial Institution | 1,127 | $97,072,000 | $699,125 | $12,500,000 | $228,000 | $2,772,000 |
| Application Approved But Not Accepted | 394 | $91,558,000 | $380,000 | $3,720,000 | $202,818 | $2,133,000 |
| Loan Purchased By The Institution | 158 | $15,230,000 | $97,000 | $192,000 | $44,500 | $120,000 |
| File Closed For Incompleteness | 125 | $22,625,000 | $1,006,250 | $5,850,000 | $241,500 | $3,270,000 |
| Application Withdrawn By Applicant | 95 | $36,961,000 | $1,088,333 | $3,575,000 | $274,833 | $1,599,000 |
| Preapproval Denied by Financial Institution | 86 | $15,225,000 | $177,000 | $1,600,000 | $59,000 | $608,000 |
| 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 2005 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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