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Act (HMDA) records Comerica Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Warren-Troy-Farmington Hills, MI | 946 | $ 177,298,000 | $ 187,418 | $ 107,000 |
| Detroit-Livonia-Dearborn, MI | 738 | $ 64,297,000 | $ 87,123 | $ 71,000 |
| Dallas-Plano-Irving, TX | 326 | $ 66,537,000 | $ 204,101 | $ 109,000 |
| Houston-Sugar Land-Baytown, TX | 245 | $ 34,609,000 | $ 141,261 | $ 116,000 |
| Grand Rapids-Wyoming, MI | 110 | $ 15,380,000 | $ 139,818 | $ 86,000 |
| Ann Arbor, MI | 101 | $ 17,596,000 | $ 174,217 | $ 108,000 |
| Jackson, MI | 82 | $ 7,039,000 | $ 85,841 | $ 52,000 |
| Austin-Round Rock, TX | 57 | $ 11,161,000 | $ 195,807 | $ 127,000 |
| Fort Worth-Arlington, TX | 55 | $ 8,737,000 | $ 158,854 | $ 118,000 |
| Los Angeles-Long Beach-Glendale, CA | 50 | $ 92,709,000 | $ 1,854,180 | $ 281,000 |
| Muskegon-Norton Shores, MI | 49 | $ 4,024,000 | $ 82,122 | $ 71,000 |
| Lansing-East Lansing, MI | 48 | $ 5,400,000 | $ 112,500 | $ 74,000 |
| Battle Creek, MI | 43 | $ 3,666,000 | $ 85,255 | $ 73,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 40 | $ 15,532,000 | $ 388,300 | $ 151,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 37 | $ 11,612,000 | $ 313,837 | $ 172,000 |
| Holland-Grand Haven, MI | 34 | $ 4,661,000 | $ 137,088 | $ 86,000 |
| Santa Ana-Anaheim-Irvine, CA | 33 | $ 25,198,000 | $ 763,575 | $ 441,000 |
| Kalamazoo-Portage, MI | 31 | $ 3,501,000 | $ 112,935 | $ 75,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 30 | $ 14,706,000 | $ 490,200 | $ 133,000 |
| Phoenix-Mesa-Scottsdale, AZ | 24 | $ 5,930,000 | $ 247,083 | $ 118,000 |
| Santa Cruz-Watsonville, CA | 20 | $ 6,927,000 | $ 346,350 | $ 275,000 |
| Naples-Marco Island, FL | 19 | $ 5,666,000 | $ 298,210 | $ 265,000 |
| San Diego-Carlsbad-San Marcos, CA | 18 | $ 25,998,000 | $ 1,444,333 | $ 753,000 |
| Oakland-Fremont-Hayward, CA | 16 | $ 7,160,000 | $ 447,500 | $ 365,000 |
| San Francisco-San Mateo-Redwood City, CA | 14 | $ 9,783,000 | $ 698,785 | $ 326,000 |
| Monroe, MI | 13 | $ 1,286,000 | $ 98,923 | $ 73,000 |
| Salinas, CA | 13 | $ 15,166,000 | $ 1,166,615 | $ 622,000 |
| Bradenton-Sarasota-Venice, FL | 12 | $ 5,157,000 | $ 429,750 | $ 138,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 12 | $ 3,446,000 | $ 287,166 | $ 173,000 |
| Flint, MI | 10 | $ 1,807,000 | $ 180,700 | $ 65,000 |
| Riverside-San Bernardino-Ontario, CA | 9 | $ 4,241,000 | $ 471,222 | $ 59,000 |
| Port St. Lucie, FL | 7 | $ 1,013,000 | $ 144,714 | $ 48,000 |
| Cape Coral-Fort Myers, FL | 6 | $ 2,493,000 | $ 415,500 | $ 290,000 |
| Tampa-St. Petersburg-Clearwater, FL | 6 | $ 1,332,000 | $ 222,000 | $ 89,000 |
| Miami-Miami Beach-Kendall, FL | 5 | $ 6,862,000 | $ 1,372,400 | $ 201,000 |
| Cincinnati-Middletown, OH-KY-IN | 4 | $ 2,491,000 | $ 622,750 | $ 211,000 |
| Atlanta-Sandy Springs-Marietta, GA | 3 | $ 1,907,000 | $ 635,666 | $ 296,000 |
| Chicago-Naperville-Joliet, IL | 3 | $ 1,353,000 | $ 451,000 | $ 418,000 |
| Las Vegas-Paradise, NV | 3 | $ 7,923,000 | $ 2,641,000 | $ 856,000 |
| Orlando-Kissimmee, FL | 3 | $ 675,000 | $ 225,000 | $ 115,000 |
| Reno-Sparks, NV | 3 | $ 1,702,000 | $ 567,333 | $ 324,000 |
| Saginaw-Saginaw Township North, MI | 3 | $ 281,000 | $ 93,666 | $ 62,000 |
| Bakersfield, CA | 2 | $ 310,000 | $ 155,000 | $ 72,000 |
| Brownsville-Harlingen, TX | 2 | $ 226,000 | $ 113,000 | $ 287,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 1,400,000 | $ 700,000 | $ 264,000 |
| Honolulu, HI | 2 | $ 6,453,000 | $ 3,226,500 | $ 815,000 |
| Lake Havasu City-Kingman, AZ | 2 | $ 177,000 | $ 88,500 | $ 147,000 |
| Madera, CA | 2 | $ 508,000 | $ 254,000 | $ 45,000 |
| Montgomery, AL | 2 | $ 24,250,000 | $ 12,125,000 | $ 0 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 3,577,000 | $ 1,788,500 | $ 172,000 |
| San Antonio, TX | 2 | $ 1,112,000 | $ 556,000 | $ 515,000 |
| Sebastian-Vero Beach, FL | 2 | $ 416,000 | $ 208,000 | $ 396,000 |
| Stockton, CA | 2 | $ 334,000 | $ 167,000 | $ 74,000 |
| Waco, TX | 2 | $ 209,000 | $ 104,500 | $ 12,000 |
| Abilene, TX | 1 | $ 43,000 | $ 43,000 | $ 86,000 |
| Bay City, MI | 1 | $ 28,000 | $ 28,000 | $ 15,000 |
| Bethesda-Frederick-Gaithersburg, MD | 1 | $ 1,714,000 | $ 1,714,000 | $ 2,206,000 |
| College Station-Bryan, TX | 1 | $ 310,000 | $ 310,000 | $ 484,000 |
| Denver-Aurora, CO | 1 | $ 250,000 | $ 250,000 | $ 95,000 |
| Durham, NC | 1 | $ 548,000 | $ 548,000 | $ 0 |
| Edison-New Brunswick, NJ | 1 | $ 417,000 | $ 417,000 | $ 603,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 80,000 | $ 80,000 | $ 60,000 |
| Fresno, CA | 1 | $ 200,000 | $ 200,000 | $ 76,000 |
| Kansas City, MO-KS | 1 | $ 60,000 | $ 60,000 | $ 74,000 |
| Lakeland-Winter Haven, FL | 1 | $ 100,000 | $ 100,000 | $ 35,000 |
| Lubbock, TX | 1 | $ 61,000 | $ 61,000 | $ 89,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 75,000 | $ 75,000 | $ 50,000 |
| Myrtle Beach-North Myrtle Beach-Conway, SC | 1 | $ 320,000 | $ 320,000 | $ 128,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 770,000 | $ 770,000 | $ 200,000 |
| Newark-Union, NJ-PA | 1 | $ 232,000 | $ 232,000 | $ 780,000 |
| Ocala, FL | 1 | $ 9,000,000 | $ 9,000,000 | $ 6,402,000 |
| Pittsburgh, PA | 1 | $ 2,013,000 | $ 2,013,000 | $ 529,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 75,000 | $ 75,000 | $ 240,000 |
| Prescott, AZ | 1 | $ 938,000 | $ 938,000 | $ 435,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 1,500,000 | $ 1,500,000 | $ 2,885,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 270,000 | $ 270,000 | $ 92,000 |
| Springfield, MO | 1 | $ 272,000 | $ 272,000 | $ 292,000 |
| Tucson, AZ | 1 | $ 166,000 | $ 166,000 | $ 150,000 |
| Tyler, TX | 1 | $ 95,000 | $ 95,000 | $ 72,000 |
| Vallejo-Fairfield, CA | 1 | $ 1,100,000 | $ 1,100,000 | $ 616,000 |
| Visalia-Porterville, CA | 1 | $ 431,000 | $ 431,000 | $ 380,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 400,000 | $ 400,000 | $ 527,000 |
| Wilmington, NC | 1 | $ 139,000 | $ 139,000 | $ 168,000 |
| Yuba City, CA | 1 | $ 185,000 | $ 185,000 | $ 35,000 |
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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