Highland Loansource Mortgage Lending & HMDA Data, 2010
In 2010, Highland Loansource of Plano, TX reported 1,691 mortgage applications totaling $443.4 million, up 11% from 2009. The average application was for $262,215, and applicants reported an average income of $124,646. 77% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Dallas-Plano-Irving, TX (829), Houston-Sugar Land-Baytown, TX (482) and San Antonio-New Braunfels, TX (183) (applications in parentheses).
| Mortgage Company & Address | Highland Loansource 5700 Granite Parkway Suite 150 Plano, TX 75024 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 |
| Total Number of Mortgage Applications | 1,691 |
| Total Mortgage Loan Application Amount | $443,407,000 |
| Average Mortgage Loan Application Amount | $262,215 |
| Highest Mortgage Loan Application Amount | $1,080,000 |
| Average Applicant Income | $124,646 |
| Highest Applicant Income | $696,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Highland Loansource filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Dallas-Plano-Irving, TX | 829 | $ 201,922,000 | $ 243,572 | $ 116,000 |
| Houston-Sugar Land-Baytown, TX | 482 | $ 137,943,000 | $ 286,188 | $ 140,000 |
| San Antonio-New Braunfels, TX | 183 | $ 54,036,000 | $ 295,278 | $ 127,000 |
| Austin-Round Rock-San Marcos, TX | 127 | $ 35,707,000 | $ 281,157 | $ 136,000 |
| Fort Worth-Arlington, TX | 62 | $ 12,666,000 | $ 204,290 | $ 98,000 |
| Sherman-Denison, TX | 2 | $ 242,000 | $ 121,000 | $ 35,000 |
Mortgage Loan Application Detail Totals for Highland Loansource 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,632 | $429,868,000 | $263,000 | $1,080,000 | $125,000 | $696,000 |
| Refinancing | 58 | $13,391,000 | $230,000 | $669,000 | $114,000 | $249,000 |
| Home Improvement | 1 | $148,000 | $148,000 | $148,000 | $166,000 | $166,000 |
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 | 990 | $249,835,000 | $252,000 | $790,000 | $122,000 | $672,000 |
| Not Provided | 442 | $126,111,000 | $285,000 | $711,000 | $136,000 | $545,000 |
| Hispanic | 95 | $24,595,000 | $258,000 | $1,080,000 | $128,000 | $696,000 |
| Black or African American | 88 | $23,416,000 | $266,000 | $460,000 | $105,000 | $285,000 |
| Asian | 70 | $17,886,000 | $255,000 | $417,000 | $103,000 | $260,000 |
| American Indian or Alaskan Native | 3 | $679,000 | $226,000 | $275,000 | $103,000 | $109,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $885,000 | $295,000 | $365,000 | $143,000 | $247,000 |
| 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) | 1,086 | $298,131,000 | $274,000 | $1,080,000 | $140,000 | $696,000 |
| FHA-insured (Federal Housing Administration) | 412 | $89,769,000 | $217,000 | $340,000 | $91,000 | $490,000 |
| VA-guaranteed (Veterans Administration) | 169 | $51,383,000 | $304,000 | $562,000 | $118,000 | $250,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 24 | $4,124,000 | $171,000 | $233,000 | $52,000 | $78,000 |
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 | 1,309 | $342,713,000 | $261,000 | $790,000 | $123,000 | $468,000 |
| Application Withdrawn By Applicant | 252 | $66,595,000 | $264,000 | $1,080,000 | $131,000 | $672,000 |
| Application Denied By Financial Institution | 119 | $31,887,000 | $267,000 | $711,000 | $133,000 | $696,000 |
| Preapproval Denied by Financial Institution | 5 | $778,000 | $155,000 | $245,000 | $54,000 | $73,000 |
| Application Approved But Not Accepted | 4 | $1,010,000 | $252,000 | $350,000 | $123,000 | $179,000 |
| File Closed For Incompleteness | 2 | $424,000 | $212,000 | $233,000 | $28,000 | $56,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 47 | $12,763,000 | $271,000 | $574,000 | $136,000 | $696,000 |
| Credit History | 19 | $4,620,000 | $243,000 | $390,000 | $111,000 | $374,000 |
| Credit Application Incomplete | 16 | $5,027,000 | $314,000 | $711,000 | $170,000 | $492,000 |
| Collateral | 13 | $3,496,000 | $268,000 | $417,000 | $137,000 | $249,000 |
| Unverifiable Information | 12 | $2,692,000 | $224,000 | $410,000 | $90,000 | $175,000 |
| Other | 10 | $2,221,000 | $222,000 | $417,000 | $92,000 | $141,000 |
| Employment History | 4 | $690,000 | $172,000 | $250,000 | $82,000 | $168,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $1,156,000 | $385,000 | $517,000 | $243,000 | $350,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Highland Loansource'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 Highland Loansource'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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