Comerica Bank Mortgage Lending & HMDA Data, 2015

In 2015, Comerica Bank of Farmington Hills, MI reported 2,465 mortgage applications totaling $936.4 million, up 2% from 2014. The average application was for $379,872, and applicants reported an average income of $173,156. 47% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (597), Houston-The Woodlands-Sugar Land, TX (282) and Detroit-Dearborn-Livonia, MI (251) (applications in parentheses).

Mortgage Company & Address Comerica Bank

Farmington Hills, MI 48331
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 2,465
Total Mortgage Loan Application Amount $936,385,000
Average Mortgage Loan Application Amount $379,872
Highest Mortgage Loan Application Amount $40,000,000
Average Applicant Income $173,156
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Act (HMDA) records Comerica Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Metropolitan Area in 2015

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 597 $ 123,350,000 $ 206,616 $ 116,000
Houston-The Woodlands-Sugar Land, TX 282 $ 68,758,000 $ 243,822 $ 125,000
Detroit-Dearborn-Livonia, MI 251 $ 30,250,000 $ 120,517 $ 87,000
Dallas-Plano-Irving, TX 189 $ 123,979,000 $ 655,973 $ 154,000
Los Angeles-Long Beach-Glendale, CA 115 $ 126,769,000 $ 1,102,339 $ 580,000
Grand Rapids-Wyoming, MI 74 $ 11,802,000 $ 159,486 $ 98,000
Phoenix-Mesa-Scottsdale, AZ 63 $ 30,038,000 $ 476,793 $ 158,000
Lansing-East Lansing, MI 61 $ 8,402,000 $ 137,737 $ 59,000
Ann Arbor, MI 58 $ 12,749,000 $ 219,810 $ 155,000
Austin-Round Rock, TX 57 $ 20,777,000 $ 364,508 $ 133,000
Jackson, MI 52 $ 5,304,000 $ 102,000 $ 70,000
Fort Worth-Arlington, TX 51 $ 9,371,000 $ 183,745 $ 94,000
West Palm Beach-Boca Raton-Delray Beach, FL 44 $ 16,964,000 $ 385,545 $ 123,000
San Diego-Carlsbad, CA 38 $ 32,255,000 $ 848,815 $ 339,000
Muskegon, MI 35 $ 4,603,000 $ 131,514 $ 68,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 32 $ 6,000,000 $ 187,500 $ 79,000
Kalamazoo-Portage, MI 30 $ 5,755,000 $ 191,833 $ 86,000
San Antonio-New Braunfels, TX 29 $ 6,263,000 $ 215,965 $ 95,000
Anaheim-Santa Ana-Irvine, CA 26 $ 28,233,000 $ 1,085,884 $ 292,000
Riverside-San Bernardino-Ontario, CA 20 $ 11,177,000 $ 558,850 $ 237,000
San Francisco-Redwood City-South San Francisco, CA 20 $ 18,196,000 $ 909,800 $ 463,000
Santa Cruz-Watsonville, CA 20 $ 27,625,000 $ 1,381,250 $ 144,000
Battle Creek, MI 19 $ 2,123,000 $ 111,736 $ 64,000
Oakland-Hayward-Berkeley, CA 19 $ 9,961,000 $ 524,263 $ 172,000
San Jose-Sunnyvale-Santa Clara, CA 18 $ 15,393,000 $ 855,166 $ 359,000
Naples-Immokalee-Marco Island, FL 15 $ 5,437,000 $ 362,466 $ 207,000
Salinas, CA 12 $ 11,455,000 $ 954,583 $ 150,000
Flint, MI 11 $ 2,456,000 $ 223,272 $ 141,000
Tampa-St. Petersburg-Clearwater, FL 8 $ 7,880,000 $ 985,000 $ 458,000
Cape Coral-Fort Myers, FL 7 $ 4,470,000 $ 638,571 $ 336,000
Sacramento--Roseville--Arden-Arcade, CA 6 $ 5,630,000 $ 938,333 $ 582,000
Denver-Aurora-Lakewood, CO 5 $ 7,474,000 $ 1,494,800 $ 933,000
Midland, MI 5 $ 2,001,000 $ 400,200 $ 50,000
Santa Maria-Santa Barbara, CA 5 $ 32,077,000 $ 6,415,400 $ 1,108,000
Bay City, MI 4 $ 409,000 $ 102,250 $ 38,000
Seattle-Bellevue-Everett, WA 4 $ 5,988,000 $ 1,497,000 $ 756,000
Miami-Miami Beach-Kendall, FL 3 $ 3,802,000 $ 1,267,333 $ 1,221,000
Orlando-Kissimmee-Sanford, FL 3 $ 2,468,000 $ 822,666 $ 3,438,000
Raleigh, NC 3 $ 2,227,000 $ 742,333 $ 596,000
Santa Rosa, CA 3 $ 5,394,000 $ 1,798,000 $ 840,000
Albuquerque, NM 2 $ 373,000 $ 186,500 $ 234,000
Boulder, CO 2 $ 1,630,000 $ 815,000 $ 2,795,000
Chicago-Naperville-Arlington Heights, IL 2 $ 1,440,000 $ 720,000 $ 796,000
College Station-Bryan, TX 2 $ 71,000 $ 35,500 $ 40,000
Corpus Christi, TX 2 $ 366,000 $ 183,000 $ 292,000
Fresno, CA 2 $ 348,000 $ 174,000 $ 157,000
Jacksonville, FL 2 $ 268,000 $ 134,000 $ 365,000
Lake Havasu City-Kingman, AZ 2 $ 237,000 $ 118,500 $ 129,000
Las Vegas-Henderson-Paradise, NV 2 $ 428,000 $ 214,000 $ 181,000
Napa, CA 2 $ 1,685,000 $ 842,500 $ 261,000
North Port-Sarasota-Bradenton, FL 2 $ 1,264,000 $ 632,000 $ 226,000
Pensacola-Ferry Pass-Brent, FL 2 $ 6,800,000 $ 3,400,000 $ 0
Port St. Lucie, FL 2 $ 4,100,000 $ 2,050,000 $ 214,000
Prescott, AZ 2 $ 2,987,000 $ 1,493,500 $ 489,000
Punta Gorda, FL 2 $ 648,000 $ 324,000 $ 279,000
Atlanta-Sandy Springs-Roswell, GA 1 $ 251,000 $ 251,000 $ 85,000
Bakersfield, CA 1 $ 60,000 $ 60,000 $ 149,000
Baton Rouge, LA 1 $ 123,000 $ 123,000 $ 67,000
Bend-Redmond, OR 1 $ 489,000 $ 489,000 $ 0
Brownsville-Harlingen, TX 1 $ 120,000 $ 120,000 $ 84,000
Chattanooga, TN-GA 1 $ 538,000 $ 538,000 $ 400,000
Cleveland-Elyria, OH 1 $ 110,000 $ 110,000 $ 135,000
Colorado Springs, CO 1 $ 158,000 $ 158,000 $ 4,000
Columbus, OH 1 $ 112,000 $ 112,000 $ 142,000
Crestview-Fort Walton Beach-Destin, FL 1 $ 268,000 $ 268,000 $ 136,000
Deltona-Daytona Beach-Ormond Beach, FL 1 $ 125,000 $ 125,000 $ 43,000
Fort Collins, CO 1 $ 224,000 $ 224,000 $ 66,000
Gadsden, AL 1 $ 114,000 $ 114,000 $ 67,000
Greenville-Anderson-Mauldin, SC 1 $ 709,000 $ 709,000 $ 172,000
Killeen-Temple, TX 1 $ 228,000 $ 228,000 $ 211,000
Lakeland-Winter Haven, FL 1 $ 85,000 $ 85,000 $ 126,000
Laredo, TX 1 $ 375,000 $ 375,000 $ 848,000
Lexington-Fayette, KY 1 $ 170,000 $ 170,000 $ 205,000
Modesto, CA 1 $ 173,000 $ 173,000 $ 57,000
Monroe, MI 1 $ 228,000 $ 228,000 $ 111,000
Nashville-Davidson--Murfreesboro--Franklin, TN 1 $ 900,000 $ 900,000 $ 507,000
Ocean City, NJ 1 $ 1,925,000 $ 1,925,000 $ 354,000
Oklahoma City, OK 1 $ 10,360,000 $ 10,360,000 $ 0
Panama City, FL 1 $ 128,000 $ 128,000 $ 24,000
Pittsburgh, PA 1 $ 2,310,000 $ 2,310,000 $ 0
Rocky Mount, NC 1 $ 77,000 $ 77,000 $ 42,000
Saginaw, MI 1 $ 67,000 $ 67,000 $ 53,000
San Luis Obispo-Paso Robles-Arroyo Grande, CA 1 $ 300,000 $ 300,000 $ 1,634,000
Sebastian-Vero Beach, FL 1 $ 560,000 $ 560,000 $ 527,000
Sherman-Denison, TX 1 $ 850,000 $ 850,000 $ 285,000
Shreveport-Bossier City, LA 1 $ 437,000 $ 437,000 $ 196,000
Stockton-Lodi, CA 1 $ 158,000 $ 158,000 $ 156,000
Visalia-Porterville, CA 1 $ 151,000 $ 151,000 $ 100,000
Waco, TX 1 $ 137,000 $ 137,000 $ 167,000
Wilmington, NC 1 $ 638,000 $ 638,000 $ 102,000

Mortgage Loan Application Detail Totals for Comerica Bank in 2015

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 1,333 $474,186,000 $355,000 $40,000,000 $154,000 $9,999,000
Home Purchase 1,011 $447,616,000 $442,000 $33,201,000 $211,000 $6,907,000
Home Improvement 121 $14,583,000 $120,000 $7,883,000 $68,000 $671,000

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 1,179 $313,864,000 $266,000 $7,400,000 $145,000 $9,999,000
Not Provided 654 $345,462,000 $528,000 $15,000,000 $287,000 $6,758,000
Not applicable 181 $185,600,000 $1,025,000 $40,000,000 $35,000 $222,000
Black or African American 159 $17,397,000 $109,000 $2,138,000 $108,000 $6,907,000
Hispanic 149 $25,136,000 $168,000 $1,500,000 $158,000 $6,776,000
Asian 134 $46,708,000 $348,000 $8,200,000 $147,000 $3,117,000
American Indian or Alaskan Native 5 $447,000 $89,000 $141,000 $70,000 $177,000
Native Hawaiian or Other Pacific Islander 4 $1,771,000 $442,000 $1,035,000 $120,000 $258,000

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) 2,305 $917,950,000 $398,000 $40,000,000 $181,000 $9,999,000
FHA-insured (Federal Housing Administration) 153 $17,194,000 $112,000 $304,000 $54,000 $379,000
VA-guaranteed (Veterans Administration) 7 $1,241,000 $177,000 $267,000 $67,000 $152,000
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 1,147 $588,249,000 $512,000 $40,000,000 $222,000 $9,999,000
Application Denied By Financial Institution 757 $188,595,000 $249,000 $7,400,000 $103,000 $1,765,000
Application Withdrawn By Applicant 280 $98,016,000 $350,000 $5,600,000 $225,000 $6,758,000
File Closed For Incompleteness 130 $36,717,000 $282,000 $3,308,000 $133,000 $2,000,000
Loan Purchased By The Institution 130 $14,668,000 $112,000 $294,000 $49,000 $222,000
Application Approved But Not Accepted 21 $10,140,000 $482,000 $1,644,000 $356,000 $4,487,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 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 2015 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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