Deborah M Gorman and Associate Mortgage Lending & HMDA Data, 2008
In 2008, Deborah M Gorman and Associate of Saint Louis, MO reported 356 mortgage applications totaling $61.0 million, down 16% from 2007. The average application was for $171,376, and applicants reported an average income of $82,435. 56% of its applications resulted in an originated loan and 5% were denied. Its largest markets were St. Louis, MO-IL (304), Kansas City, MO-KS (20) and Jefferson City, MO (5) (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 | 356 |
| Total Mortgage Loan Application Amount | $61,010,000 |
| Average Mortgage Loan Application Amount | $171,376 |
| Highest Mortgage Loan Application Amount | $735,000 |
| Average Applicant Income | $82,435 |
| Highest Applicant Income | $308,000 |
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records Deborah M Gorman and Associate filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 273 | $49,761,000 | $182,000 | $735,000 | $85,000 | $308,000 |
| Home Purchase | 83 | $11,249,000 | $135,000 | $362,000 | $74,000 | $307,000 |
| 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 | 289 | $50,678,000 | $175,000 | $735,000 | $85,000 | $308,000 |
| Not Provided | 31 | $4,743,000 | $153,000 | $298,000 | $63,000 | $146,000 |
| Black or African American | 28 | $3,937,000 | $140,000 | $567,000 | $61,000 | $192,000 |
| Asian | 5 | $1,149,000 | $229,000 | $380,000 | $151,000 | $219,000 |
| Hispanic | 2 | $143,000 | $71,000 | $125,000 | $46,000 | $46,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $360,000 | $360,000 | $360,000 | $159,000 | $159,000 |
| Not applicable | 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) | 238 | $44,727,000 | $187,000 | $735,000 | $94,000 | $308,000 |
| FHA-insured (Federal Housing Administration) | 117 | $16,167,000 | $138,000 | $281,000 | $58,000 | $148,000 |
| VA-guaranteed (Veterans Administration) | 1 | $116,000 | $116,000 | $116,000 | $47,000 | $47,000 |
| 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 | 199 | $37,299,000 | $187,000 | $628,000 | $85,000 | $307,000 |
| Application Withdrawn By Applicant | 120 | $19,385,000 | $161,000 | $735,000 | $82,000 | $308,000 |
| Application Denied By Financial Institution | 19 | $2,185,000 | $115,000 | $272,000 | $50,000 | $97,000 |
| File Closed For Incompleteness | 16 | $1,882,000 | $117,000 | $208,000 | $88,000 | $188,000 |
| Application Approved But Not Accepted | 2 | $259,000 | $129,000 | $147,000 | $61,000 | $67,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 2 | $315,000 | $157,000 | $181,000 | $65,000 | $86,000 |
| Debt-To-Income Ratio | 2 | $169,000 | $84,000 | $86,000 | $28,000 | $28,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Deborah M Gorman and Associate's 2008 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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