Great Western Financial Services, Inc. Mortgage Lending & HMDA Data, 2009

In 2009, Great Western Financial Services, Inc. of Plano, TX reported 9,752 mortgage applications totaling $1.5 billion, up 30% from 2008. The average application was for $157,150, and applicants reported an average income of $98,797. 21% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (1,816), Dallas-Plano-Irving, TX (1,785) and Austin-Round Rock, TX (827) (applications in parentheses).

Mortgage Company & Address Great Western Financial Services, Inc.
5408 W Plano Pkwy
Plano, TX 75093
Tel #: available with data download
Federal Regulator * available with data download
Years 2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 9,752
Total Mortgage Loan Application Amount $1,532,528,000
Average Mortgage Loan Application Amount $157,150
Highest Mortgage Loan Application Amount $1,739,000
Average Applicant Income $98,797
Highest Applicant Income $1,800,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Great Western Financial Services, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Great Western Financial Services, Inc. by Metropolitan Area in 2009

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Houston-Sugar Land-Baytown, TX 1,816 $ 302,622,000 $ 166,642 $ 112,000
Dallas-Plano-Irving, TX 1,785 $ 294,985,000 $ 165,257 $ 115,000
Austin-Round Rock, TX 827 $ 144,340,000 $ 174,534 $ 97,000
Fort Worth-Arlington, TX 725 $ 111,806,000 $ 154,215 $ 102,000
San Antonio, TX 540 $ 87,865,000 $ 162,712 $ 96,000
Indianapolis-Carmel, IN 445 $ 70,166,000 $ 157,676 $ 92,000
Oklahoma City, OK 201 $ 30,320,000 $ 150,845 $ 92,000
El Paso, TX 176 $ 22,478,000 $ 127,715 $ 77,000
Gary, IN 169 $ 24,987,000 $ 147,852 $ 84,000
Tulsa, OK 142 $ 20,057,000 $ 141,246 $ 93,000
Albuquerque, NM 110 $ 18,581,000 $ 168,918 $ 86,000
Hartford-West Hartford-East Hartford, CT 94 $ 16,160,000 $ 171,914 $ 100,000
Killeen-Temple-Fort Hood, TX 90 $ 11,740,000 $ 130,444 $ 80,000
Corpus Christi, TX 88 $ 13,066,000 $ 148,477 $ 92,000
Beaumont-Port Arthur, TX 82 $ 10,416,000 $ 127,024 $ 89,000
New Haven-Milford, CT 71 $ 12,113,000 $ 170,605 $ 86,000
Bridgeport-Stamford-Norwalk, CT 68 $ 18,822,000 $ 276,794 $ 117,000
Tyler, TX 67 $ 9,876,000 $ 147,402 $ 95,000
McAllen-Edinburg-Mission, TX 64 $ 8,072,000 $ 126,125 $ 85,000
Fort Wayne, IN 55 $ 6,708,000 $ 121,963 $ 70,000
Longview, TX 51 $ 5,834,000 $ 114,392 $ 97,000
Waco, TX 49 $ 6,657,000 $ 135,857 $ 103,000
Brownsville-Harlingen, TX 46 $ 6,066,000 $ 131,869 $ 117,000
Lubbock, TX 46 $ 5,871,000 $ 127,630 $ 75,000
Amarillo, TX 44 $ 5,549,000 $ 126,113 $ 92,000
Louisville-Jefferson County, KY-IN 44 $ 5,439,000 $ 123,613 $ 79,000
Santa Fe, NM 44 $ 11,092,000 $ 252,090 $ 95,000
Sherman-Denison, TX 41 $ 4,859,000 $ 118,512 $ 76,000
Midland, TX 40 $ 5,551,000 $ 138,775 $ 93,000
South Bend-Mishawaka, IN-MI 40 $ 4,872,000 $ 121,800 $ 78,000
Abilene, TX 38 $ 5,389,000 $ 141,815 $ 82,000
College Station-Bryan, TX 38 $ 6,253,000 $ 164,552 $ 97,000
Charleston-North Charleston-Summerville, SC 36 $ 6,861,000 $ 190,583 $ 89,000
Las Cruces, NM 36 $ 6,271,000 $ 174,194 $ 87,000
Michigan City-La Porte, IN 35 $ 4,703,000 $ 134,371 $ 62,000
Laredo, TX 31 $ 3,688,000 $ 118,967 $ 86,000
Elkhart-Goshen, IN 30 $ 3,873,000 $ 129,100 $ 86,000
Wichita Falls, TX 30 $ 4,107,000 $ 136,900 $ 114,000
Lafayette, IN 29 $ 4,037,000 $ 139,206 $ 84,000
Evansville, IN-KY 28 $ 3,756,000 $ 134,142 $ 71,000
Greenville-Mauldin-Easley, SC 26 $ 4,178,000 $ 160,692 $ 76,000
Bloomington, IN 25 $ 3,780,000 $ 151,200 $ 78,000
Columbia, SC 25 $ 4,480,000 $ 179,200 $ 96,000
Victoria, TX 23 $ 3,065,000 $ 133,260 $ 79,000
Myrtle Beach-North Myrtle Beach-Conway, SC 22 $ 3,240,000 $ 147,272 $ 81,000
Kokomo, IN 20 $ 2,111,000 $ 105,550 $ 69,000
Texarkana, Tx-Texarkana, AR 20 $ 2,442,000 $ 122,100 $ 85,000
San Angelo, TX 19 $ 2,106,000 $ 110,842 $ 70,000
Muncie, IN 18 $ 2,274,000 $ 126,333 $ 79,000
Odessa, TX 18 $ 2,213,000 $ 122,944 $ 72,000
Cincinnati-Middletown, OH-KY-IN 17 $ 2,098,000 $ 123,411 $ 66,000
Farmington, NM 17 $ 4,403,000 $ 259,000 $ 101,000
Terre Haute, IN 17 $ 1,596,000 $ 93,882 $ 71,000
Norwich-New London, CT 16 $ 2,681,000 $ 167,562 $ 91,000
Fort Smith, AR-OK 13 $ 2,081,000 $ 160,076 $ 96,000
Anderson, IN 11 $ 1,310,000 $ 119,090 $ 75,000
Augusta-Richmond County, GA-SC 11 $ 1,630,000 $ 148,181 $ 65,000
Charlotte-Gastonia-Concord, NC-SC 11 $ 1,943,000 $ 176,636 $ 95,000
Anderson, SC 10 $ 1,542,000 $ 154,200 $ 65,000
Lawton, OK 9 $ 1,131,000 $ 125,666 $ 86,000
Spartanburg, SC 7 $ 1,093,000 $ 156,142 $ 59,000
Columbus, IN 6 $ 1,229,000 $ 204,833 $ 124,000
Florence, SC 4 $ 571,000 $ 142,750 $ 49,000
Sumter, SC 2 $ 458,000 $ 229,000 $ 68,000

Mortgage Loan Application Detail Totals for Great Western Financial Services, Inc. in 2009

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 9,453 $1,493,785,000 $158,000 $1,739,000 $98,000 $1,800,000
Home Purchase 299 $38,743,000 $129,000 $635,000 $124,000 $1,575,000
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
Not Provided 5,035 $798,028,000 $158,000 $1,088,000 $99,000 $1,800,000
White 4,026 $635,314,000 $157,000 $1,739,000 $100,000 $1,575,000
Hispanic 415 $55,724,000 $134,000 $711,000 $83,000 $560,000
Asian 171 $28,721,000 $167,000 $396,000 $117,000 $431,000
Black or African American 91 $12,423,000 $136,000 $780,000 $87,000 $387,000
American Indian or Alaskan Native 11 $1,797,000 $163,000 $396,000 $140,000 $360,000
Native Hawaiian or Other Pacific Islander 3 $521,000 $173,000 $248,000 $72,000 $94,000
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) 9,686 $1,522,888,000 $157,000 $1,739,000 $99,000 $1,800,000
FHA-insured (Federal Housing Administration) 66 $9,640,000 $146,000 $283,000 $75,000 $176,000
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
Application Withdrawn By Applicant 7,527 $1,185,772,000 $157,000 $1,739,000 $98,000 $1,800,000
Loan Originated 2,073 $324,891,000 $156,000 $739,000 $104,000 $1,575,000
Application Denied By Financial Institution 125 $18,430,000 $147,000 $417,000 $83,000 $431,000
Application Approved But Not Accepted 27 $3,435,000 $127,000 $241,000 $97,000 $204,000
File Closed For Incompleteness 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
Debt-To-Income Ratio 29 $4,871,000 $167,000 $417,000 $85,000 $288,000
Credit History 28 $4,211,000 $150,000 $360,000 $89,000 $269,000
Other 14 $1,803,000 $128,000 $303,000 $113,000 $385,000
Collateral 12 $2,120,000 $176,000 $263,000 $122,000 $431,000
Unverifiable Information 3 $673,000 $224,000 $358,000 $155,000 $174,000
Mortgage Insurance Denied 1 $129,000 $129,000 $129,000 $58,000 $58,000
Credit Application Incomplete 1 $113,000 $113,000 $113,000 $53,000 $53,000
Employment History 1 $200,000 $200,000 $200,000 $45,000 $45,000
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Great Western Financial Services, Inc.'s 2009 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 Financial Services, Inc.'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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