Qr Lending Inc Mortgage Lending & HMDA Data, 2008
In 2008, Qr Lending Inc of Madison, WI reported 4,624 mortgage applications totaling $744.7 million, up 51% from 2007. The average application was for $161,059, and applicants reported an average income of $73,346. 20% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Portland-Vancouver-Beaverton, OR-WA (261), Rochester, MN (251) and Chattanooga, TN-GA (187) (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 | 4,624 |
| Total Mortgage Loan Application Amount | $744,738,000 |
| Average Mortgage Loan Application Amount | $161,059 |
| Highest Mortgage Loan Application Amount | $992,000 |
| Average Applicant Income | $73,346 |
| Highest Applicant Income | $885,000 |
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Act (HMDA) records Qr Lending Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Portland-Vancouver-Beaverton, OR-WA | 261 | $ 56,442,000 | $ 216,252 | $ 81,291 |
| Rochester, MN | 251 | $ 43,196,000 | $ 172,095 | $ 89,000 |
| Chattanooga, TN-GA | 187 | $ 23,894,000 | $ 127,775 | $ 63,919 |
| Lake County-Kenosha County, IL-WI | 141 | $ 32,975,000 | $ 233,865 | $ 115,567 |
| Chicago-Naperville-Joliet, IL | 130 | $ 26,354,000 | $ 202,723 | $ 95,000 |
| Albany, GA | 116 | $ 12,990,000 | $ 111,982 | $ 61,000 |
| Madison, WI | 114 | $ 21,136,000 | $ 185,403 | $ 83,000 |
| Wausau, WI | 102 | $ 13,627,000 | $ 133,598 | $ 62,000 |
| St. Louis, MO-IL | 99 | $ 16,499,000 | $ 166,656 | $ 65,333 |
| Milwaukee-Waukesha-West Allis, WI | 90 | $ 16,600,000 | $ 184,444 | $ 80,000 |
| Cincinnati-Middletown, OH-KY-IN | 84 | $ 10,404,000 | $ 123,857 | $ 60,773 |
| Janesville, WI | 82 | $ 8,926,000 | $ 108,853 | $ 53,000 |
| La Crosse, WI-MN | 79 | $ 11,026,000 | $ 139,569 | $ 66,658 |
| Atlanta-Sandy Springs-Marietta, GA | 61 | $ 9,799,000 | $ 160,639 | $ 81,000 |
| Greenville-Mauldin-Easley, SC | 61 | $ 8,015,000 | $ 131,393 | $ 65,000 |
| Cedar Rapids, IA | 54 | $ 7,475,000 | $ 138,425 | $ 67,000 |
| Gainesville, FL | 50 | $ 7,843,000 | $ 156,860 | $ 83,000 |
| Rockford, IL | 49 | $ 6,315,000 | $ 128,877 | $ 58,000 |
| Ocala, FL | 45 | $ 6,497,000 | $ 144,377 | $ 60,000 |
| Seattle-Bellevue-Everett, WA | 36 | $ 10,321,000 | $ 286,694 | $ 144,000 |
| Cleveland, TN | 33 | $ 3,852,000 | $ 116,727 | $ 59,000 |
| Fort Walton Beach-Crestview-Destin, FL | 30 | $ 4,837,000 | $ 161,233 | $ 59,000 |
| Spartanburg, SC | 30 | $ 3,762,000 | $ 125,400 | $ 59,000 |
| Phoenix-Mesa-Scottsdale, AZ | 29 | $ 7,415,000 | $ 255,689 | $ 130,000 |
| Gary, IN | 24 | $ 3,475,000 | $ 144,791 | $ 72,000 |
| Charlotte-Gastonia-Concord, NC-SC | 23 | $ 4,008,000 | $ 174,260 | $ 88,304 |
| Bend, OR | 19 | $ 3,882,000 | $ 204,315 | $ 71,000 |
| Bremerton-Silverdale, WA | 18 | $ 3,695,000 | $ 205,277 | $ 65,000 |
| Kalamazoo-Portage, MI | 18 | $ 2,424,000 | $ 134,666 | $ 66,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 17 | $ 3,041,000 | $ 178,882 | $ 119,294 |
| Appleton, WI | 16 | $ 2,323,000 | $ 145,187 | $ 52,000 |
| Charleston-North Charleston-Summerville, SC | 16 | $ 2,313,000 | $ 144,562 | $ 48,000 |
| Panama City-Lynn Haven, FL | 15 | $ 2,034,000 | $ 135,600 | $ 57,000 |
| Oshkosh-Neenah, WI | 14 | $ 1,674,000 | $ 119,571 | $ 66,000 |
| Toledo, OH | 14 | $ 1,341,000 | $ 95,785 | $ 64,000 |
| Orlando-Kissimmee, FL | 12 | $ 1,680,000 | $ 140,000 | $ 59,000 |
| Dothan, AL | 11 | $ 1,738,000 | $ 158,000 | $ 55,000 |
| Knoxville, TN | 11 | $ 1,685,000 | $ 153,181 | $ 79,000 |
| Eau Claire, WI | 10 | $ 1,295,000 | $ 129,500 | $ 91,000 |
| Rochester, NY | 10 | $ 1,453,000 | $ 145,300 | $ 89,000 |
| Rockingham County-Strafford County, NH | 10 | $ 2,203,000 | $ 220,300 | $ 114,000 |
| Jacksonville, FL | 9 | $ 2,667,000 | $ 296,333 | $ 123,000 |
| Racine, WI | 9 | $ 1,644,000 | $ 182,666 | $ 101,000 |
| Salem, OR | 9 | $ 1,808,000 | $ 200,888 | $ 90,000 |
| Tampa-St. Petersburg-Clearwater, FL | 9 | $ 2,218,000 | $ 246,444 | $ 96,000 |
| Davenport-Moline-Rock Island, IA-IL | 8 | $ 532,000 | $ 66,500 | $ 39,125 |
| Fairbanks, AK | 8 | $ 1,335,000 | $ 166,875 | $ 74,000 |
| Bradenton-Sarasota-Venice, FL | 7 | $ 2,053,000 | $ 293,285 | $ 114,000 |
| Corvallis, OR | 6 | $ 838,000 | $ 139,666 | $ 75,000 |
| Florence-Muscle Shoals, AL | 6 | $ 721,000 | $ 120,166 | $ 75,000 |
| Fond Du Lac, WI | 6 | $ 815,000 | $ 135,833 | $ 60,000 |
| Columbia, SC | 5 | $ 734,000 | $ 146,800 | $ 56,000 |
| Duluth, MN-WI | 5 | $ 590,000 | $ 118,000 | $ 49,200 |
| Green Bay, WI | 5 | $ 622,000 | $ 124,400 | $ 50,000 |
| Pensacola-Ferry Pass-Brent, FL | 5 | $ 614,000 | $ 122,800 | $ 43,000 |
| Topeka, KS | 5 | $ 810,000 | $ 162,000 | $ 55,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 5 | $ 1,166,000 | $ 233,200 | $ 62,800 |
| Indianapolis-Carmel, IN | 4 | $ 712,000 | $ 178,000 | $ 95,000 |
| Iowa City, IA | 4 | $ 866,000 | $ 216,500 | $ 99,000 |
| Kankakee-Bradley, IL | 4 | $ 410,000 | $ 102,500 | $ 58,000 |
| Kansas City, MO-KS | 4 | $ 644,000 | $ 161,000 | $ 48,500 |
| Lexington-Fayette, KY | 4 | $ 484,000 | $ 121,000 | $ 76,000 |
| Louisville-Jefferson County, KY-IN | 4 | $ 673,000 | $ 168,250 | $ 62,000 |
| Mount Vernon-Anacortes, WA | 4 | $ 1,091,000 | $ 272,750 | $ 130,000 |
| Sheboygan, WI | 4 | $ 599,000 | $ 149,750 | $ 55,000 |
| Sherman-Denison, TX | 4 | $ 953,000 | $ 238,250 | $ 177,000 |
| Bethesda-Frederick-Gaithersburg, MD | 3 | $ 810,000 | $ 270,000 | $ 130,000 |
| Champaign-Urbana, IL | 3 | $ 545,000 | $ 181,666 | $ 110,000 |
| Denver-Aurora, CO | 3 | $ 787,000 | $ 262,333 | $ 118,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 1,260,000 | $ 420,000 | $ 125,000 |
| New York-White Plains-Wayne, NY-NJ | 3 | $ 944,000 | $ 314,666 | $ 403,000 |
| Oklahoma City, OK | 3 | $ 830,000 | $ 276,666 | $ 135,000 |
| Olympia, WA | 3 | $ 706,000 | $ 235,333 | $ 81,000 |
| Richmond, VA | 3 | $ 613,000 | $ 204,333 | $ 133,000 |
| Tacoma, WA | 3 | $ 484,000 | $ 161,333 | $ 57,000 |
| Wenatchee, WA | 3 | $ 883,000 | $ 294,333 | $ 217,000 |
| Ann Arbor, MI | 2 | $ 341,000 | $ 170,500 | $ 123,000 |
| Cambridge-Newton-Framingham, MA | 2 | $ 509,000 | $ 254,500 | $ 135,000 |
| Dallas-Plano-Irving, TX | 2 | $ 404,000 | $ 202,000 | $ 34,000 |
| Decatur, AL | 2 | $ 232,000 | $ 116,000 | $ 76,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 162,000 | $ 81,000 | $ 40,000 |
| Fort Collins-Loveland, CO | 2 | $ 451,000 | $ 225,500 | $ 125,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 324,000 | $ 162,000 | $ 67,000 |
| Montgomery, AL | 2 | $ 431,000 | $ 215,500 | $ 137,000 |
| Naples-Marco Island, FL | 2 | $ 788,000 | $ 394,000 | $ 272,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 441,000 | $ 220,500 | $ 334,000 |
| Savannah, GA | 2 | $ 352,000 | $ 176,000 | $ 125,000 |
| St. Cloud, MN | 2 | $ 291,000 | $ 145,500 | $ 68,000 |
| Tulsa, OK | 2 | $ 193,000 | $ 96,500 | $ 74,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 612,000 | $ 306,000 | $ 166,000 |
| Yuba City, CA | 2 | $ 685,000 | $ 342,500 | $ 380,000 |
| Ames, IA | 1 | $ 344,000 | $ 344,000 | $ 288,000 |
| Anderson, SC | 1 | $ 255,000 | $ 255,000 | $ 119,000 |
| Athens-Clarke County, GA | 1 | $ 126,000 | $ 126,000 | $ 210,000 |
| Augusta-Richmond County, GA-SC | 1 | $ 70,000 | $ 70,000 | $ 36,000 |
| Bakersfield, CA | 1 | $ 245,000 | $ 245,000 | $ 102,000 |
| Baltimore-Towson, MD | 1 | $ 181,000 | $ 181,000 | $ 116,000 |
| Boston-Quincy, MA | 1 | $ 400,000 | $ 400,000 | $ 190,000 |
| Buffalo-Niagara Falls, NY | 1 | $ 133,000 | $ 133,000 | $ 195,000 |
| Camden, NJ | 1 | $ 160,000 | $ 160,000 | $ 51,000 |
| Charlottesville, VA | 1 | $ 302,000 | $ 302,000 | $ 178,000 |
| Columbia, MO | 1 | $ 260,000 | $ 260,000 | $ 144,000 |
| Columbus, OH | 1 | $ 62,000 | $ 62,000 | $ 40,000 |
| Dalton, GA | 1 | $ 243,000 | $ 243,000 | $ 114,000 |
| Dayton, OH | 1 | $ 124,000 | $ 124,000 | $ 38,000 |
| Des Moines-West Des Moines, IA | 1 | $ 260,000 | $ 260,000 | $ 150,000 |
| Edison-New Brunswick, NJ | 1 | $ 100,000 | $ 100,000 | $ 87,000 |
| Flagstaff, AZ | 1 | $ 160,000 | $ 160,000 | $ 175,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 110,000 | $ 110,000 | $ 124,000 |
| Greensboro-High Point, NC | 1 | $ 147,000 | $ 147,000 | $ 72,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 85,000 | $ 85,000 | $ 44,000 |
| Lafayette, IN | 1 | $ 166,000 | $ 166,000 | $ 111,000 |
| New Haven-Milford, CT | 1 | $ 233,000 | $ 233,000 | $ 86,000 |
| Newark-Union, NJ-PA | 1 | $ 180,000 | $ 180,000 | $ 57,000 |
| Niles-Benton Harbor, MI | 1 | $ 244,000 | $ 244,000 | $ 247,000 |
| Oakland-Fremont-Hayward, CA | 1 | $ 455,000 | $ 455,000 | $ 123,000 |
| Ogden-Clearfield, UT | 1 | $ 300,000 | $ 300,000 | $ 635,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 815,000 | $ 815,000 | $ 255,000 |
| Peabody, MA | 1 | $ 375,000 | $ 375,000 | $ 225,000 |
| Philadelphia, PA | 1 | $ 175,000 | $ 175,000 | $ 98,000 |
| Pittsburgh, PA | 1 | $ 253,000 | $ 253,000 | $ 120,000 |
| Raleigh-Cary, NC | 1 | $ 125,000 | $ 125,000 | $ 91,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 417,000 | $ 417,000 | $ 217,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 50,000 | $ 50,000 | $ 126,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 150,000 | $ 150,000 | $ 49,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 200,000 | $ 200,000 | $ 24,000 |
| Springfield, OH | 1 | $ 217,000 | $ 217,000 | $ 59,000 |
| Tallahassee, FL | 1 | $ 75,000 | $ 75,000 | $ 39,000 |
| Wilmington, NC | 1 | $ 125,000 | $ 125,000 | $ 60,000 |
| Yakima, WA | 1 | $ 203,000 | $ 203,000 | $ 132,000 |
Mortgage Loan Application Detail Totals for Qr Lending Inc in 2008
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 | 2,303 | $384,102,000 | $166,000 | $815,000 | $77,000 | $885,000 |
| Home Purchase | 2,135 | $330,317,000 | $154,000 | $992,000 | $69,000 | $579,000 |
| Home Improvement | 186 | $30,319,000 | $163,000 | $417,000 | $78,000 | $242,000 |
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 | 3,855 | $619,919,000 | $160,000 | $992,000 | $74,000 | $885,000 |
| Black or African American | 265 | $32,950,000 | $124,000 | $476,000 | $56,000 | $255,000 |
| Not Provided | 242 | $44,391,000 | $183,000 | $715,000 | $79,000 | $305,000 |
| Hispanic | 115 | $18,274,000 | $158,000 | $417,000 | $66,000 | $310,000 |
| Asian | 87 | $19,037,000 | $218,000 | $710,000 | $105,000 | $675,000 |
| Not applicable | 24 | $3,768,000 | $157,000 | $275,000 | $36,000 | $224,000 |
| American Indian or Alaskan Native | 20 | $3,326,000 | $166,000 | $360,000 | $68,000 | $161,000 |
| Native Hawaiian or Other Pacific Islander | 16 | $3,073,000 | $192,000 | $346,000 | $118,000 | $579,000 |
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) | 4,598 | $741,513,000 | $161,000 | $992,000 | $74,000 | $885,000 |
| VA-guaranteed (Veterans Administration) | 21 | $2,651,000 | $126,000 | $245,000 | $48,000 | $86,000 |
| FHA-insured (Federal Housing Administration) | 5 | $574,000 | $114,000 | $217,000 | $41,000 | $51,000 |
| 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 |
|---|---|---|---|---|---|---|
| File Closed For Incompleteness | 1,930 | $316,168,000 | $163,000 | $980,000 | $69,000 | $675,000 |
| Loan Purchased By The Institution | 1,152 | $186,270,000 | $161,000 | $488,000 | $77,000 | $720,000 |
| Loan Originated | 913 | $151,509,000 | $165,000 | $800,000 | $86,000 | $885,000 |
| Application Denied By Financial Institution | 536 | $74,648,000 | $139,000 | $992,000 | $63,000 | $370,000 |
| Application Withdrawn By Applicant | 63 | $9,431,000 | $149,000 | $276,000 | $63,000 | $192,000 |
| Application Approved But Not Accepted | 30 | $6,712,000 | $223,000 | $459,000 | $89,000 | $243,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 202 | $21,336,000 | $105,000 | $321,000 | $49,000 | $240,000 |
| Other | 74 | $9,547,000 | $129,000 | $715,000 | $52,000 | $198,000 |
| Debt-To-Income Ratio | 52 | $6,985,000 | $134,000 | $490,000 | $41,000 | $116,000 |
| Mortgage Insurance Denied | 28 | $3,321,000 | $118,000 | $417,000 | $62,000 | $240,000 |
| Collateral | 14 | $1,843,000 | $131,000 | $347,000 | $89,000 | $220,000 |
| Unverifiable Information | 6 | $937,000 | $156,000 | $270,000 | $112,000 | $305,000 |
| Employment History | 4 | $593,000 | $148,000 | $280,000 | $68,000 | $150,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $117,000 | $117,000 | $117,000 | $48,000 | $48,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Qr Lending Inc's 2008 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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