Cornerstone Home Lending, Inc. Mortgage Lending & HMDA Data, 2018
In 2018, Cornerstone Home Lending, Inc. of Houston, TX reported 30,106 mortgage applications totaling $8.0 billion, down 7% from 2017. The average application was for $267,170, and applicants reported an average income of $109,974. 62% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Houston-The Woodlands-Sugar Land, TX (5,003), Oklahoma City, OK (2,686) and San Antonio-New Braunfels, TX (2,216) (applications in parentheses).
| Mortgage Company & Address | Cornerstone Home Lending, Inc. 1177 West Loop South Suite 200 Houston, TX 77027 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 30,106 |
| Total Mortgage Loan Application Amount | $8,043,450,000 |
| Average Mortgage Loan Application Amount | $267,170 |
| Highest Mortgage Loan Application Amount | $3,375,000 |
| Average Applicant Income | $109,974 |
| Highest Applicant Income | $4,680,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cornerstone Home Lending, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Cornerstone Home Lending, Inc. in 2018
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 | 27,047 | $7,201,145,000 | $266,000 | $3,375,000 | $109,000 | $4,680,000 |
| Cash-out Refinancing | 1,570 | $421,740,000 | $268,000 | $1,965,000 | $110,000 | $909,000 |
| Refinancing | 1,023 | $304,775,000 | $297,000 | $2,475,000 | $135,000 | $1,931,000 |
| Other Purpose | 217 | $49,905,000 | $229,000 | $765,000 | $108,000 | $836,000 |
| Not Applicable | 214 | $59,150,000 | $276,000 | $425,000 | $0 | $0 |
| Home Improvement | 35 | $6,735,000 | $192,000 | $955,000 | $143,000 | $1,440,000 |
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 | 14,518 | $3,990,000,000 | $274,000 | $3,375,000 | $118,000 | $4,680,000 |
| Not applicable | 6,618 | $1,888,830,000 | $285,000 | $1,595,000 | $0 | $0 |
| Hispanic | 3,557 | $718,105,000 | $201,000 | $1,925,000 | $82,000 | $936,000 |
| Not Provided | 2,411 | $697,805,000 | $289,000 | $2,475,000 | $121,000 | $2,933,000 |
| Black or African American | 1,540 | $345,650,000 | $224,000 | $905,000 | $87,000 | $484,000 |
| Asian | 756 | $238,190,000 | $315,000 | $1,425,000 | $130,000 | $1,688,000 |
| American Indian or Alaskan Native | 437 | $86,665,000 | $198,000 | $745,000 | $85,000 | $880,000 |
| Native Hawaiian or Other Pacific Islander | 29 | $8,165,000 | $281,000 | $855,000 | $110,000 | $366,000 |
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) | 20,841 | $5,815,745,000 | $279,000 | $3,375,000 | $124,000 | $4,680,000 |
| FHA-insured (Federal Housing Administration) | 5,812 | $1,263,580,000 | $217,000 | $695,000 | $75,000 | $736,000 |
| VA-guaranteed (Veterans Administration) | 2,921 | $865,205,000 | $296,000 | $2,105,000 | $98,000 | $588,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 532 | $98,920,000 | $185,000 | $445,000 | $61,000 | $137,000 |
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 | 18,648 | $4,829,820,000 | $258,000 | $1,925,000 | $110,000 | $2,933,000 |
| Loan Purchased By The Institution | 6,617 | $1,888,495,000 | $285,000 | $1,595,000 | $0 | $0 |
| Application Withdrawn By Applicant | 4,007 | $1,110,195,000 | $277,000 | $3,375,000 | $116,000 | $4,680,000 |
| Application Denied By Financial Institution | 625 | $162,235,000 | $259,000 | $1,715,000 | $93,000 | $1,200,000 |
| Application Approved But Not Accepted | 198 | $50,620,000 | $255,000 | $765,000 | $109,000 | $640,000 |
| File Closed For Incompleteness | 11 | $2,085,000 | $189,000 | $325,000 | $75,000 | $120,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 29,481 | $7,881,215,000 | $267,000 | $3,375,000 | $111,000 | $4,680,000 |
| Debt-To-Income Ratio | 182 | $49,460,000 | $271,000 | $1,245,000 | $70,000 | $429,000 |
| Credit Application Incomplete | 142 | $41,030,000 | $288,000 | $1,605,000 | $126,000 | $1,200,000 |
| Collateral | 119 | $27,245,000 | $228,000 | $1,285,000 | $98,000 | $526,000 |
| Credit History | 88 | $21,660,000 | $246,000 | $665,000 | $83,000 | $326,000 |
| Unverifiable Information | 38 | $9,530,000 | $250,000 | $1,205,000 | $67,000 | $234,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 33 | $8,325,000 | $252,000 | $1,715,000 | $127,000 | $1,053,000 |
| Employment History | 12 | $2,240,000 | $186,000 | $305,000 | $50,000 | $74,000 |
| Other | 10 | $2,380,000 | $238,000 | $425,000 | $94,000 | $254,000 |
| Mortgage Insurance Denied | 1 | $365,000 | $365,000 | $365,000 | $49,000 | $49,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cornerstone Home Lending, Inc.'s 2018 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 Cornerstone Home Lending, Inc.'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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