Qr Lending Inc Mortgage Lending & HMDA Data, 2006
In 2006, Qr Lending Inc of Madison, WI reported 791 mortgage applications totaling $109.0 million. The average application was for $137,862, and applicants reported an average income of $80,541. 28% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Rochester, MN (83), Chattanooga, TN-GA (72) and Portland-Vancouver-Beaverton, OR-WA (50) (applications in parentheses).
| Mortgage Company & Address | Qr Lending Inc 555 Zor Shrine Place Madison, WI 53719 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 791 |
| Total Mortgage Loan Application Amount | $109,049,000 |
| Average Mortgage Loan Application Amount | $137,862 |
| Highest Mortgage Loan Application Amount | $665,000 |
| Average Applicant Income | $80,541 |
| Highest Applicant Income | $1,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Qr Lending Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Rochester, MN | 83 | $ 13,872,000 | $ 167,132 | $ 87,000 |
| Chattanooga, TN-GA | 72 | $ 8,156,000 | $ 113,277 | $ 57,777 |
| Portland-Vancouver-Beaverton, OR-WA | 50 | $ 11,564,000 | $ 231,280 | $ 77,080 |
| Orlando-Kissimmee, FL | 47 | $ 4,629,000 | $ 98,489 | $ 189,000 |
| Lake County-Kenosha County, IL-WI | 24 | $ 5,678,000 | $ 236,583 | $ 113,250 |
| Milwaukee-Waukesha-West Allis, WI | 18 | $ 2,367,000 | $ 131,500 | $ 59,000 |
| Greenville, SC | 17 | $ 2,052,000 | $ 120,705 | $ 65,000 |
| Miami-Miami Beach-Kendall, FL | 15 | $ 1,509,000 | $ 100,600 | $ 202,000 |
| Tampa-St. Petersburg-Clearwater, FL | 15 | $ 1,179,000 | $ 78,600 | $ 90,000 |
| Janesville, WI | 11 | $ 1,256,000 | $ 114,181 | $ 57,000 |
| Spartanburg, SC | 10 | $ 1,635,000 | $ 163,500 | $ 75,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 10 | $ 1,009,000 | $ 100,900 | $ 172,000 |
| Cedar Rapids, IA | 9 | $ 1,080,000 | $ 120,000 | $ 24,000 |
| Cleveland, TN | 8 | $ 725,000 | $ 90,625 | $ 56,000 |
| Madison, WI | 8 | $ 1,493,000 | $ 186,625 | $ 42,000 |
| Fairbanks, AK | 7 | $ 1,156,000 | $ 165,142 | $ 68,000 |
| Salem, OR | 7 | $ 1,467,000 | $ 209,571 | $ 90,000 |
| Charleston-North Charleston, SC | 6 | $ 1,017,000 | $ 169,500 | $ 70,000 |
| Chicago-Naperville-Joliet, IL | 6 | $ 1,929,000 | $ 321,500 | $ 206,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 6 | $ 412,000 | $ 68,666 | $ 145,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 6 | $ 1,134,000 | $ 189,000 | $ 124,000 |
| Sheboygan, WI | 6 | $ 897,000 | $ 149,500 | $ 63,000 |
| Jacksonville, FL | 5 | $ 1,023,000 | $ 204,600 | $ 88,000 |
| Rockford, IL | 5 | $ 637,000 | $ 127,400 | $ 53,000 |
| Lakeland, FL | 4 | $ 122,000 | $ 30,500 | $ 56,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 663,000 | $ 165,750 | $ 66,000 |
| Wausau, WI | 4 | $ 517,000 | $ 129,250 | $ 65,000 |
| Bend, OR | 3 | $ 314,000 | $ 104,666 | $ 40,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 351,000 | $ 117,000 | $ 233,000 |
| Gary, IN | 3 | $ 417,000 | $ 139,000 | $ 129,000 |
| Green Bay, WI | 3 | $ 424,000 | $ 141,333 | $ 79,000 |
| Port St. Lucie-Fort Pierce, FL | 3 | $ 139,000 | $ 46,333 | $ 89,000 |
| Columbia, SC | 2 | $ 307,000 | $ 153,500 | $ 57,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 68,000 | $ 34,000 | $ 95,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 70,000 | $ 35,000 | $ 65,000 |
| Tallahassee, FL | 2 | $ 147,000 | $ 73,500 | $ 102,000 |
| Anderson, SC | 1 | $ 142,000 | $ 142,000 | $ 97,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 195,000 | $ 195,000 | $ 90,000 |
| Billings, MT | 1 | $ 112,000 | $ 112,000 | $ 87,000 |
| Columbus, OH | 1 | $ 230,000 | $ 230,000 | $ 102,000 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 144,000 | $ 144,000 | $ 57,000 |
| Denver-Aurora, CO | 1 | $ 500,000 | $ 500,000 | $ 193,000 |
| Des Moines-West Des Moines, IA | 1 | $ 332,000 | $ 332,000 | $ 173,000 |
| Duluth, MN-WI | 1 | $ 285,000 | $ 285,000 | $ 84,000 |
| Eugene-Springfield, OR | 1 | $ 250,000 | $ 250,000 | $ 82,000 |
| Iowa City, IA | 1 | $ 300,000 | $ 300,000 | $ 0 |
| Kokomo, IN | 1 | $ 98,000 | $ 98,000 | $ 94,000 |
| Ogden-Clearfield, UT | 1 | $ 242,000 | $ 242,000 | $ 80,000 |
| Oshkosh-Neenah, WI | 1 | $ 380,000 | $ 380,000 | $ 163,000 |
| Punta Gorda, FL | 1 | $ 100,000 | $ 100,000 | $ 36,000 |
| Raleigh-Cary, NC | 1 | $ 142,000 | $ 142,000 | $ 49,000 |
| Salt Lake City, UT | 1 | $ 70,000 | $ 70,000 | $ 25,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 80,000 | $ 80,000 | $ 133,000 |
| Sebastian-Vero Beach, FL | 1 | $ 50,000 | $ 50,000 | $ 78,000 |
| Spokane, WA | 1 | $ 239,000 | $ 239,000 | $ 261,000 |
Mortgage Loan Application Detail Totals for Qr Lending Inc 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 |
|---|---|---|---|---|---|---|
| Refinancing | 398 | $52,506,000 | $131,000 | $665,000 | $87,000 | $1,800,000 |
| Home Purchase | 393 | $56,543,000 | $143,000 | $640,000 | $74,000 | $840,000 |
| 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 | 629 | $88,392,000 | $140,000 | $665,000 | $76,000 | $1,800,000 |
| Hispanic | 61 | $5,356,000 | $87,000 | $500,000 | $118,000 | $840,000 |
| Not Provided | 52 | $7,549,000 | $145,000 | $640,000 | $85,000 | $528,000 |
| Black or African American | 22 | $2,338,000 | $106,000 | $228,000 | $64,000 | $132,000 |
| Asian | 19 | $3,746,000 | $197,000 | $631,000 | $95,000 | $282,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $1,112,000 | $222,000 | $414,000 | $115,000 | $220,000 |
| American Indian or Alaskan Native | 3 | $556,000 | $185,000 | $224,000 | $86,000 | $117,000 |
| 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) | 791 | $109,049,000 | $137,000 | $665,000 | $80,000 | $1,800,000 |
| 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 Purchased By The Institution | 249 | $36,296,000 | $145,000 | $446,000 | $66,000 | $261,000 |
| Loan Originated | 220 | $29,677,000 | $134,000 | $530,000 | $88,000 | $538,000 |
| File Closed For Incompleteness | 218 | $30,880,000 | $141,000 | $640,000 | $78,000 | $840,000 |
| Application Denied By Financial Institution | 90 | $10,288,000 | $114,000 | $665,000 | $106,000 | $1,800,000 |
| Application Withdrawn By Applicant | 10 | $1,522,000 | $152,000 | $500,000 | $118,000 | $528,000 |
| Application Approved But Not Accepted | 4 | $386,000 | $96,000 | $290,000 | $79,000 | $120,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 28 | $2,592,000 | $92,000 | $284,000 | $171,000 | $1,800,000 |
| Credit History | 27 | $2,492,000 | $92,000 | $475,000 | $58,000 | $239,000 |
| Debt-To-Income Ratio | 12 | $1,173,000 | $97,000 | $180,000 | $54,000 | $112,000 |
| Unverifiable Information | 4 | $363,000 | $90,000 | $142,000 | $85,000 | $228,000 |
| Collateral | 2 | $211,000 | $105,000 | $200,000 | $183,000 | $300,000 |
| Employment History | 2 | $95,000 | $47,000 | $65,000 | $84,000 | $84,000 |
| Credit Application Incomplete | 1 | $69,000 | $69,000 | $69,000 | $55,000 | $55,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Qr Lending Inc'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 Qr Lending 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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