Deborah M Gorman and Associate Mortgage Lending & HMDA Data, 2007
In 2007, Deborah M Gorman and Associate of Saint Louis, MO reported 426 mortgage applications totaling $68.6 million, down 30% from 2006. The average application was for $161,014, and applicants reported an average income of $86,124. 62% of its applications resulted in an originated loan and 3% were denied. Its largest markets were St. Louis, MO-IL (353), Kansas City, MO-KS (15) and Chicago-Naperville-Joliet, IL (8) (applications in parentheses).
| Mortgage Company & Address | Deborah M Gorman and Associate 12755 Olive Blvd, Suite 120 Saint Louis, MO 63141 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 426 |
| Total Mortgage Loan Application Amount | $68,592,000 |
| Average Mortgage Loan Application Amount | $161,014 |
| Highest Mortgage Loan Application Amount | $735,000 |
| Average Applicant Income | $86,124 |
| Highest Applicant Income | $493,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Deborah M Gorman and Associate filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Deborah M Gorman and Associate in 2007
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 | 305 | $50,075,000 | $164,000 | $735,000 | $83,000 | $480,000 |
| Home Purchase | 121 | $18,517,000 | $153,000 | $650,000 | $94,000 | $493,000 |
| 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 | 387 | $62,733,000 | $162,000 | $735,000 | $87,000 | $493,000 |
| Black or African American | 18 | $2,759,000 | $153,000 | $450,000 | $57,000 | $126,000 |
| Asian | 8 | $1,620,000 | $202,000 | $380,000 | $154,000 | $261,000 |
| Not Provided | 6 | $542,000 | $90,000 | $152,000 | $42,000 | $65,000 |
| Hispanic | 5 | $718,000 | $143,000 | $276,000 | $94,000 | $128,000 |
| American Indian or Alaskan Native | 2 | $220,000 | $110,000 | $155,000 | $32,000 | $44,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 393 | $63,668,000 | $162,000 | $735,000 | $88,000 | $493,000 |
| FHA-insured (Federal Housing Administration) | 30 | $4,541,000 | $151,000 | $320,000 | $64,000 | $131,000 |
| VA-guaranteed (Veterans Administration) | 3 | $383,000 | $127,000 | $134,000 | $51,000 | $55,000 |
| 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 | 262 | $43,326,000 | $165,000 | $735,000 | $82,000 | $493,000 |
| Application Withdrawn By Applicant | 151 | $23,182,000 | $153,000 | $640,000 | $96,000 | $480,000 |
| Application Denied By Financial Institution | 11 | $1,682,000 | $152,000 | $342,000 | $61,000 | $210,000 |
| File Closed For Incompleteness | 2 | $402,000 | $201,000 | $214,000 | $116,000 | $180,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 3 | $530,000 | $176,000 | $225,000 | $51,000 | $75,000 |
| Other | 1 | $192,000 | $192,000 | $192,000 | $210,000 | $210,000 |
| Credit History | 1 | $97,000 | $97,000 | $97,000 | $45,000 | $45,000 |
| 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 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Deborah M Gorman and Associate's 2007 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 Deborah M Gorman and Associate'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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