Comerica Bank Mortgage Lending & HMDA Data, 2017

In 2017, Comerica Bank of Farmington Hills, MI reported 1,493 mortgage applications totaling $871.0 million, down 31% from 2016. The average application was for $583,414, and applicants reported an average income of $211,204. 44% of its applications resulted in an originated loan and 24% were denied. Its largest markets were Warren-Troy-Farmington Hills, MI (368), Houston-The Woodlands-Sugar Land, TX (141) and Detroit-Dearborn-Livonia, MI (138) (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 1,493
Total Mortgage Loan Application Amount $871,038,000
Average Mortgage Loan Application Amount $583,414
Highest Mortgage Loan Application Amount $39,500,000
Average Applicant Income $211,204
Highest Applicant Income $9,886,000

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Act (HMDA) records Comerica Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017

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 368 $ 83,118,000 $ 225,864 $ 101,000
Houston-The Woodlands-Sugar Land, TX 141 $ 44,566,000 $ 316,070 $ 178,000
Detroit-Dearborn-Livonia, MI 138 $ 19,683,000 $ 142,630 $ 77,000
Dallas-Plano-Irving, TX 109 $ 35,413,000 $ 324,889 $ 145,000
Los Angeles-Long Beach-Glendale, CA 92 $ 249,529,000 $ 2,712,271 $ 639,000
Grand Rapids-Wyoming, MI 68 $ 12,499,000 $ 183,808 $ 80,000
Austin-Round Rock, TX 44 $ 36,723,000 $ 834,613 $ 421,000
San Diego-Carlsbad, CA 44 $ 46,370,000 $ 1,053,863 $ 210,000
Phoenix-Mesa-Scottsdale, AZ 37 $ 16,032,000 $ 433,297 $ 333,000
Jackson, MI 31 $ 3,888,000 $ 125,419 $ 66,000
Ann Arbor, MI 29 $ 5,694,000 $ 196,344 $ 96,000
Anaheim-Santa Ana-Irvine, CA 25 $ 47,782,000 $ 1,911,280 $ 611,000
Muskegon, MI 23 $ 3,407,000 $ 148,130 $ 50,000
Fort Worth-Arlington, TX 20 $ 3,086,000 $ 154,300 $ 77,000
Lansing-East Lansing, MI 18 $ 2,677,000 $ 148,722 $ 71,000
Kalamazoo-Portage, MI 17 $ 3,215,000 $ 189,117 $ 113,000
San Jose-Sunnyvale-Santa Clara, CA 16 $ 13,311,000 $ 831,937 $ 309,000
West Palm Beach-Boca Raton-Delray Beach, FL 16 $ 24,716,000 $ 1,544,750 $ 343,000
Oakland-Hayward-Berkeley, CA 15 $ 13,039,000 $ 869,266 $ 413,000
San Francisco-Redwood City-South San Francisco, CA 15 $ 18,108,000 $ 1,207,200 $ 201,000
San Antonio-New Braunfels, TX 14 $ 5,087,000 $ 363,357 $ 117,000
Riverside-San Bernardino-Ontario, CA 11 $ 12,184,000 $ 1,107,636 $ 1,082,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 10 $ 7,496,000 $ 749,600 $ 207,000
Oxnard-Thousand Oaks-Ventura, CA 9 $ 11,428,000 $ 1,269,777 $ 304,000
Salinas, CA 8 $ 4,933,000 $ 616,625 $ 172,000
Santa Cruz-Watsonville, CA 8 $ 5,732,000 $ 716,500 $ 46,000
Flint, MI 7 $ 1,379,000 $ 197,000 $ 115,000
Battle Creek, MI 6 $ 858,000 $ 143,000 $ 65,000
Naples-Immokalee-Marco Island, FL 6 $ 1,833,000 $ 305,500 $ 272,000
Chicago-Naperville-Arlington Heights, IL 4 $ 10,700,000 $ 2,675,000 $ 710,000
Sacramento--Roseville--Arden-Arcade, CA 4 $ 4,680,000 $ 1,170,000 $ 993,000
Denver-Aurora-Lakewood, CO 3 $ 7,407,000 $ 2,469,000 $ 893,000
Port St. Lucie, FL 3 $ 762,000 $ 254,000 $ 210,000
Santa Maria-Santa Barbara, CA 3 $ 24,025,000 $ 8,008,333 $ 469,000
Stockton-Lodi, CA 3 $ 776,000 $ 258,666 $ 86,000
Urban Honolulu, HI 3 $ 7,362,000 $ 2,454,000 $ 257,000
Cape Coral-Fort Myers, FL 2 $ 995,000 $ 497,500 $ 164,000
Cleveland-Elyria, OH 2 $ 24,398,000 $ 12,199,000 $ 0
Crestview-Fort Walton Beach-Destin, FL 2 $ 2,338,000 $ 1,169,000 $ 760,000
Daphne-Fairhope-Foley, AL 2 $ 240,000 $ 120,000 $ 96,000
Deltona-Daytona Beach-Ormond Beach, FL 2 $ 1,358,000 $ 679,000 $ 166,000
Palm Bay-Melbourne-Titusville, FL 2 $ 664,000 $ 332,000 $ 188,000
Prescott, AZ 2 $ 2,422,000 $ 1,211,000 $ 474,000
Richmond, VA 2 $ 324,000 $ 162,000 $ 28,000
Santa Rosa, CA 2 $ 954,000 $ 477,000 $ 253,000
Tampa-St. Petersburg-Clearwater, FL 2 $ 536,000 $ 268,000 $ 360,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 2 $ 988,000 $ 494,000 $ 801,000
Albuquerque, NM 1 $ 320,000 $ 320,000 $ 149,000
Bay City, MI 1 $ 118,000 $ 118,000 $ 31,000
Boston, MA 1 $ 860,000 $ 860,000 $ 1,451,000
Bridgeport-Stamford-Norwalk, CT 1 $ 1,282,000 $ 1,282,000 $ 425,000
Brownsville-Harlingen, TX 1 $ 205,000 $ 205,000 $ 566,000
Cambridge-Newton-Framingham, MA 1 $ 348,000 $ 348,000 $ 154,000
Carson City, NV 1 $ 250,000 $ 250,000 $ 61,000
Corpus Christi, TX 1 $ 473,000 $ 473,000 $ 513,000
El Centro, CA 1 $ 121,000 $ 121,000 $ 77,000
Elkhart-Goshen, IN 1 $ 180,000 $ 180,000 $ 127,000
Gary, IN 1 $ 60,000 $ 60,000 $ 36,000
Greensboro-High Point, NC 1 $ 146,000 $ 146,000 $ 769,000
Las Vegas-Henderson-Paradise, NV 1 $ 3,615,000 $ 3,615,000 $ 574,000
Madera, CA 1 $ 2,030,000 $ 2,030,000 $ 0
Midland, MI 1 $ 128,000 $ 128,000 $ 69,000
Monroe, MI 1 $ 244,000 $ 244,000 $ 79,000
New Orleans-Metairie, LA 1 $ 960,000 $ 960,000 $ 571,000
Newark, NJ-PA 1 $ 928,000 $ 928,000 $ 238,000
Niles-Benton Harbor, MI 1 $ 70,000 $ 70,000 $ 147,000
North Port-Sarasota-Bradenton, FL 1 $ 171,000 $ 171,000 $ 209,000
Omaha-Council Bluffs, NE-IA 1 $ 275,000 $ 275,000 $ 2,197,000
Raleigh, NC 1 $ 2,000,000 $ 2,000,000 $ 1,307,000
Santa Fe, NM 1 $ 213,000 $ 213,000 $ 129,000
Seattle-Bellevue-Everett, WA 1 $ 683,000 $ 683,000 $ 213,000
Sierra Vista-Douglas, AZ 1 $ 98,000 $ 98,000 $ 0
South Bend-Mishawaka, IN-MI 1 $ 140,000 $ 140,000 $ 52,000
Virginia Beach-Norfolk-Newport News, VA-NC 1 $ 420,000 $ 420,000 $ 2,999,000

Mortgage Loan Application Detail Totals for Comerica Bank in 2017

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 824 $528,993,000 $641,000 $39,500,000 $196,000 $6,287,000
Home Purchase 628 $327,842,000 $522,000 $17,150,000 $236,000 $9,886,000
Home Improvement 41 $14,203,000 $346,000 $1,400,000 $137,000 $781,000

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 529 $258,619,000 $488,000 $16,500,000 $203,000 $6,984,000
Not Provided 514 $396,633,000 $771,000 $17,150,000 $340,000 $9,886,000
Not applicable 234 $142,964,000 $610,000 $39,500,000 $41,000 $150,000
Hispanic 101 $19,456,000 $192,000 $1,920,000 $93,000 $944,000
Asian 55 $32,904,000 $598,000 $4,800,000 $151,000 $1,106,000
Black or African American 52 $19,481,000 $374,000 $3,242,000 $109,000 $781,000
American Indian or Alaskan Native 7 $705,000 $100,000 $216,000 $38,000 $74,000
Native Hawaiian or Other Pacific Islander 1 $276,000 $276,000 $276,000 $98,000 $98,000

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) 1,464 $866,947,000 $592,000 $39,500,000 $214,000 $9,886,000
FHA-insured (Federal Housing Administration) 29 $4,091,000 $141,000 $599,000 $57,000 $221,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0
VA-guaranteed (Veterans Administration) 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 651 $511,605,000 $785,000 $39,500,000 $282,000 $9,886,000
Application Denied By Financial Institution 351 $181,704,000 $517,000 $16,500,000 $168,000 $6,287,000
Application Withdrawn By Applicant 219 $116,504,000 $531,000 $9,750,000 $236,000 $4,711,000
Loan Purchased By The Institution 204 $25,274,000 $123,000 $291,000 $47,000 $150,000
File Closed For Incompleteness 43 $9,757,000 $226,000 $913,000 $115,000 $720,000
Application Approved But Not Accepted 25 $26,194,000 $1,047,000 $3,350,000 $264,000 $1,520,000
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 2017 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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