F&M Bank Mortgage Lending & HMDA Data, 2010
In 2010, F&M Bank of West Point, NE reported 95 mortgage applications totaling $8.3 million. The average application was for $87,178, and applicants reported an average income of $47,978. 67% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Omaha-Council Bluffs, NE-IA (41), Sioux City, IA-NE-SD (22) and Dallas-Plano-Irving, TX (1) (applications in parentheses).
| Mortgage Company & Address | F&M Bank 204 North Main Street West Point, NE 68788 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 95 |
| Total Mortgage Loan Application Amount | $8,282,000 |
| Average Mortgage Loan Application Amount | $87,178 |
| Highest Mortgage Loan Application Amount | $715,000 |
| Average Applicant Income | $47,978 |
| Highest Applicant Income | $250,000 |
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Disclosure Act (HMDA) records F&M Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Douglas, Nebraska | 31 | $ 3,341,000 | $ 107,774 | $ 19,000 |
| Dakota, Nebraska | 18 | $ 1,560,000 | $ 86,666 | $ 56,000 |
| Sarpy, Nebraska | 9 | $ 1,499,000 | $ 166,555 | $ 49,000 |
| Woodbury, Iowa | 2 | $ 102,000 | $ 51,000 | $ 37,000 |
| Dixon, Nebraska | 1 | $ 30,000 | $ 30,000 | $ 63,000 |
| Saunders, Nebraska | 1 | $ 210,000 | $ 210,000 | $ 140,000 |
| Union, South Dakota | 1 | $ 192,000 | $ 192,000 | $ 83,000 |
| Dallas, Texas | 1 | $ 74,000 | $ 74,000 | $ 210,000 |
Mortgage Loan Application Detail Totals for F&M Bank in 2010
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 | 48 | $5,951,000 | $123,000 | $715,000 | $40,000 | $250,000 |
| Home Improvement | 24 | $590,000 | $24,000 | $90,000 | $62,000 | $147,000 |
| Home Purchase | 23 | $1,741,000 | $75,000 | $250,000 | $50,000 | $230,000 |
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 | 60 | $4,908,000 | $81,000 | $463,000 | $72,000 | $250,000 |
| Not applicable | 29 | $2,796,000 | $96,000 | $715,000 | $0 | $0 |
| Hispanic | 4 | $384,000 | $96,000 | $150,000 | $39,000 | $92,000 |
| Asian | 1 | $144,000 | $144,000 | $144,000 | $39,000 | $39,000 |
| Not Provided | 1 | $50,000 | $50,000 | $50,000 | $35,000 | $35,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 95 | $8,282,000 | $87,000 | $715,000 | $48,000 | $250,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 64 | $3,963,000 | $61,000 | $715,000 | $38,000 | $210,000 |
| Application Denied By Financial Institution | 19 | $3,021,000 | $159,000 | $478,000 | $51,000 | $250,000 |
| Application Withdrawn By Applicant | 9 | $946,000 | $105,000 | $146,000 | $80,000 | $230,000 |
| Application Approved But Not Accepted | 2 | $322,000 | $161,000 | $210,000 | $195,000 | $250,000 |
| File Closed For Incompleteness | 1 | $30,000 | $30,000 | $30,000 | $54,000 | $54,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 9 | $2,047,000 | $227,000 | $478,000 | $29,000 | $140,000 |
| Collateral | 1 | $19,000 | $19,000 | $19,000 | $37,000 | $37,000 |
| Credit History | 1 | $59,000 | $59,000 | $59,000 | $0 | $0 |
| Credit Application Incomplete | 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 2010 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.
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with aggregated HMDA statistics today.
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