F&M Bank Mortgage Lending & HMDA Data, 2003
In 2003, F&M Bank of Spokane, WA reported 392 mortgage applications totaling $42.4 million. The average application was for $108,285, and applicants reported an average income of $49,132. 81% of its applications resulted in an originated loan and 10% were denied. Its largest market was Spokane, WA (331).
| Mortgage Company & Address | F&M Bank 25 N. Mullan Rd Ste. 200 Spokane, WA 99206 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 392 |
| Total Mortgage Loan Application Amount | $42,448,000 |
| Average Mortgage Loan Application Amount | $108,285 |
| Highest Mortgage Loan Application Amount | $5,883,000 |
| Average Applicant Income | $49,132 |
| Highest Applicant Income | $800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 F&M Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 230 | $21,372,000 | $88,000 | $488,000 | $48,000 | $690,000 |
| Home Purchase (one-to-four family) | 89 | $10,736,000 | $205,500 | $2,699,000 | $100,000 | $800,000 |
| Home Improvement (one-to-four family) | 66 | $1,652,000 | $26,000 | $100,000 | $43,000 | $216,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 7 | $8,688,000 | $1,880,000 | $5,883,000 | $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 | 356 | $31,310,000 | $88,000 | $1,497,000 | $46,500 | $690,000 |
| Information not provided by applicant in mail or telephone application | 16 | $9,456,000 | $590,500 | $5,883,000 | $107,500 | $800,000 |
| Hispanic | 7 | $310,000 | $70,500 | $108,000 | $11,500 | $41,000 |
| Asian or Pacific Islander | 6 | $750,000 | $175,500 | $254,000 | $48,500 | $72,000 |
| Other | 3 | $367,000 | $122,000 | $127,000 | $31,000 | $32,000 |
| American Indian or Alaskan Native | 2 | $104,000 | $52,000 | $82,000 | $313,000 | $563,000 |
| Black | 1 | $100,000 | $100,000 | $100,000 | $108,000 | $108,000 |
| Not applicable | 1 | $51,000 | $51,000 | $51,000 | $43,000 | $43,000 |
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) | 318 | $35,316,000 | $163,500 | $5,883,000 | $71,000 | $800,000 |
| FHA-insured (Federal Housing Administration) | 60 | $5,615,000 | $106,000 | $160,000 | $46,500 | $88,000 |
| VA-guaranteed (Veterans Administration) | 14 | $1,517,000 | $106,500 | $191,000 | $15,000 | $38,000 |
| 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 | 317 | $38,015,000 | $194,000 | $5,883,000 | $71,000 | $800,000 |
| Application Denied By Financial Institution | 41 | $1,399,000 | $36,000 | $152,000 | $33,000 | $129,000 |
| Application Withdrawn By Applicant | 25 | $2,089,000 | $83,000 | $185,000 | $49,000 | $137,000 |
| Application Approved But Not Accepted | 9 | $945,000 | $101,500 | $179,000 | $71,000 | $115,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 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 F&M Bank'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 F&M Bank'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.
For a list of all lenders in Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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