Compufund Mortgage Co, Ltd Mortgage Lending & HMDA Data, 2003
In 2003, Compufund Mortgage Co, Ltd of Houston, TX reported 128 mortgage applications totaling $21.3 million. The average application was for $166,554, and applicants reported an average income of $116,085. 1% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Houston, TX (122), Galveston-Texas City, TX (3) and Los Angeles-Long Beach, CA (1) (applications in parentheses).
| Mortgage Company & Address | Compufund Mortgage Co, Ltd 13100 Nw Freeway #200 Houston, TX 77040 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 128 |
| Total Mortgage Loan Application Amount | $21,319,000 |
| Average Mortgage Loan Application Amount | $166,554 |
| Highest Mortgage Loan Application Amount | $1,416,000 |
| Average Applicant Income | $116,085 |
| Highest Applicant Income | $3,783,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Compufund Mortgage Co, Ltd filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Houston, TX | 122 | $ 19,310,000 | $ 158,278 | $ 81,000 |
| Galveston-Texas City, TX | 3 | $ 1,627,000 | $ 542,333 | $ 480,000 |
| Los Angeles-Long Beach, CA | 1 | $ 92,000 | $ 92,000 | $ 0 |
Mortgage Loan Application Detail Totals for Compufund Mortgage Co, Ltd in 2003
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 (one-to-four family) | 90 | $14,042,000 | $124,000 | $560,000 | $58,500 | $1,104,000 |
| Refinancing (home purchase or home improvement, one-to-four family) | 38 | $7,277,000 | $191,000 | $1,416,000 | $117,000 | $3,783,000 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 92 | $16,562,000 | $180,000 | $1,416,000 | $150,000 | $3,783,000 |
| Information not provided by applicant in mail or telephone application | 29 | $4,078,000 | $140,000 | $560,000 | $80,000 | $870,000 |
| Hispanic | 4 | $442,000 | $110,000 | $156,000 | $38,000 | $106,000 |
| Black | 3 | $237,000 | $82,000 | $92,000 | $44,500 | $141,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian or Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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) | 115 | $19,952,000 | $133,000 | $1,416,000 | $68,500 | $3,783,000 |
| FHA-insured (Federal Housing Administration) | 13 | $1,367,000 | $105,000 | $136,000 | $39,000 | $82,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 113 | $19,173,000 | $131,000 | $1,416,000 | $69,500 | $3,783,000 |
| Application Denied By Financial Institution | 10 | $1,253,000 | $125,000 | $368,000 | $35,000 | $180,000 |
| Application Approved But Not Accepted | 4 | $592,000 | $148,000 | $240,000 | $53,000 | $82,000 |
| Loan Originated | 1 | $301,000 | $301,000 | $301,000 | $164,000 | $164,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 Compufund Mortgage Co, Ltd's 2003 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 Compufund Mortgage Co, Ltd'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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