Commerce National Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Commerce National Bank & Trust of Winter Park, FL reported 30 mortgage applications totaling $10.0 million, up 131% from 2004. The average application was for $333,366, and applicants reported an average income of $105,866. 57% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Orlando, FL (26), Virginia Beach-Norfolk-Newport News, VA-NC (2) and Sarasota-Bradenton-Venice, FL (1) (applications in parentheses).
| Mortgage Company & Address | Commerce National Bank & Trust 1201 S. Orlando Avenue Winter Park, FL 32789 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 30 |
| Total Mortgage Loan Application Amount | $10,001,000 |
| Average Mortgage Loan Application Amount | $333,366 |
| Highest Mortgage Loan Application Amount | $1,825,000 |
| Average Applicant Income | $105,866 |
| Highest Applicant Income | $391,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Commerce National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Orange, Florida | 21 | $ 7,830,000 | $ 372,857 | $ 108,000 |
| Seminole, Florida | 4 | $ 872,000 | $ 218,000 | $ 98,000 |
| Citrus, Florida | 1 | $ 650,000 | $ 650,000 | $ 300,000 |
| Osceola, Florida | 1 | $ 269,000 | $ 269,000 | $ 66,000 |
| Sarasota, Florida | 1 | $ 174,000 | $ 174,000 | $ 76,000 |
| Chesapeake, Virginia | 1 | $ 98,000 | $ 98,000 | $ 0 |
| Norfolk, Virginia | 1 | $ 108,000 | $ 108,000 | $ 0 |
Mortgage Loan Application Detail Totals for Commerce National Bank & Trust 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 19 | $7,490,000 | $265,500 | $1,825,000 | $63,000 | $391,000 |
| Refinancing | 11 | $2,511,000 | $228,000 | $500,000 | $94,000 | $277,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 20 | $5,215,000 | $260,000 | $650,000 | $120,000 | $391,000 |
| Asian | 4 | $2,105,000 | $526,000 | $673,000 | $229,000 | $343,000 |
| Not applicable | 3 | $2,031,000 | $964,000 | $1,825,000 | $0 | $0 |
| Not Provided | 1 | $112,000 | $112,000 | $112,000 | $56,000 | $56,000 |
| Black or African American | 1 | $360,000 | $360,000 | $360,000 | $54,000 | $54,000 |
| Hispanic | 1 | $178,000 | $178,000 | $178,000 | $45,000 | $45,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 30 | $10,001,000 | $226,000 | $1,825,000 | $57,000 | $391,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 17 | $6,105,000 | $248,000 | $1,825,000 | $42,000 | $391,000 |
| Application Withdrawn By Applicant | 7 | $1,719,000 | $245,000 | $500,000 | $58,000 | $172,000 |
| Application Approved But Not Accepted | 3 | $1,056,000 | $352,000 | $650,000 | $150,000 | $300,000 |
| File Closed For Incompleteness | 2 | $448,000 | $224,000 | $274,000 | $176,000 | $277,000 |
| Application Denied By Financial Institution | 1 | $673,000 | $673,000 | $673,000 | $343,000 | $343,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $673,000 | $673,000 | $673,000 | $343,000 | $343,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Commerce National Bank & Trust'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 Commerce National Bank & Trust'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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