Great Western Bank Mortgage Lending & HMDA Data, 2006
In 2006, Great Western Bank of Omaha, NE reported 741 mortgage applications totaling $62.8 million, down 35% from 2005. The average application was for $84,690, and applicants reported an average income of $79,024. 54% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Omaha-Council Bluffs, NE-IA (671), Kansas City, MO-KS (22) and Lincoln, NE (15) (applications in parentheses).
| Mortgage Company & Address | Great Western Bank Po Box 4070 Omaha, NE 68104 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 741 |
| Total Mortgage Loan Application Amount | $62,756,000 |
| Average Mortgage Loan Application Amount | $84,690 |
| Highest Mortgage Loan Application Amount | $4,530,000 |
| Average Applicant Income | $79,024 |
| Highest Applicant Income | $3,607,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Great Western Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Omaha-Council Bluffs, NE-IA | 671 | $ 53,801,000 | $ 80,180 | $ 75,521 |
| Kansas City, MO-KS | 22 | $ 1,902,000 | $ 86,454 | $ 184,363 |
| Lincoln, NE | 15 | $ 396,000 | $ 26,400 | $ 67,000 |
| Denver-Aurora, CO | 1 | $ 4,530,000 | $ 4,530,000 | $ 0 |
| Des Moines-West Des Moines, IA | 1 | $ 35,000 | $ 35,000 | $ 54,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 201,000 | $ 201,000 | $ 64,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 85,000 | $ 85,000 | $ 168,000 |
| Orlando-Kissimmee, FL | 1 | $ 11,000 | $ 11,000 | $ 38,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 71,000 | $ 71,000 | $ 55,000 |
| Sioux City, IA-NE-SD | 1 | $ 11,000 | $ 11,000 | $ 48,000 |
Mortgage Loan Application Detail Totals for Great Western Bank in 2006
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 Improvement | 266 | $7,579,000 | $28,000 | $480,000 | $71,000 | $474,000 |
| Refinancing | 258 | $22,822,000 | $88,000 | $1,492,000 | $89,000 | $3,607,000 |
| Home Purchase | 217 | $32,355,000 | $149,000 | $4,530,000 | $77,000 | $2,381,000 |
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 | 519 | $39,906,000 | $76,000 | $1,300,000 | $74,000 | $1,401,000 |
| Not Provided | 123 | $3,645,000 | $29,000 | $172,000 | $67,000 | $240,000 |
| Not applicable | 38 | $14,983,000 | $394,000 | $4,530,000 | $227,000 | $3,607,000 |
| Black or African American | 30 | $2,511,000 | $83,000 | $309,000 | $55,000 | $270,000 |
| Hispanic | 27 | $1,404,000 | $52,000 | $217,000 | $50,000 | $105,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $215,000 | $107,000 | $128,000 | $44,000 | $56,000 |
| American Indian or Alaskan Native | 1 | $12,000 | $12,000 | $12,000 | $36,000 | $36,000 |
| Asian | 1 | $80,000 | $80,000 | $80,000 | $32,000 | $32,000 |
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) | 597 | $44,115,000 | $73,000 | $4,530,000 | $84,000 | $3,607,000 |
| FHA-insured (Federal Housing Administration) | 93 | $10,698,000 | $115,000 | $201,000 | $51,000 | $205,000 |
| VA-guaranteed (Veterans Administration) | 51 | $7,943,000 | $155,000 | $385,000 | $66,000 | $185,000 |
| 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 | 401 | $37,584,000 | $93,000 | $4,530,000 | $89,000 | $3,607,000 |
| Application Denied By Financial Institution | 155 | $6,780,000 | $43,000 | $748,000 | $59,000 | $398,000 |
| Application Approved But Not Accepted | 138 | $15,685,000 | $113,000 | $1,300,000 | $75,000 | $1,401,000 |
| Application Withdrawn By Applicant | 45 | $2,529,000 | $56,000 | $225,000 | $72,000 | $195,000 |
| File Closed For Incompleteness | 2 | $178,000 | $89,000 | $100,000 | $35,000 | $49,000 |
| 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 |
|---|---|---|---|---|---|---|
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $94,000 | $94,000 | $94,000 | $0 | $0 |
| Other | 1 | $276,000 | $276,000 | $276,000 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Great Western Bank's 2006 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 Great Western 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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