Homeone Credit Corp. Mortgage Lending & HMDA Data, 2003
In 2003, Homeone Credit Corp. of Houston, TX reported 11,111 mortgage applications totaling $748.4 million. The average application was for $67,357, and applicants reported an average income of $41,817. 7% of its applications resulted in an originated loan and 81% were denied. Its largest markets were Houston, TX (263), Johnson City-Kingsport-Bristol, TN-VA (117) and Austin-San Marcos, TX (115) (applications in parentheses).
| Mortgage Company & Address | Homeone Credit Corp. 10700 North Freeway #1000 Houston, TX 77037 |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 11,111 |
| Total Mortgage Loan Application Amount | $748,404,000 |
| Average Mortgage Loan Application Amount | $67,357 |
| Highest Mortgage Loan Application Amount | $453,000 |
| Average Applicant Income | $41,817 |
| Highest Applicant Income | $780,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Homeone Credit Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Homeone Credit Corp. in 2003
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 (one-to-four family) | 11,111 | $748,404,000 | $66,545 | $453,000 | $45,878 | $780,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 8,867 | $597,896,000 | $67,093 | $453,000 | $46,468 | $780,000 |
| Black | 1,177 | $73,848,000 | $66,695 | $419,000 | $36,782 | $414,000 |
| Hispanic | 899 | $63,847,000 | $67,761 | $221,000 | $41,428 | $578,000 |
| Asian or Pacific Islander | 78 | $5,588,000 | $69,000 | $189,000 | $41,500 | $120,000 |
| American Indian or Alaskan Native | 48 | $4,025,000 | $74,500 | $203,000 | $39,666 | $110,000 |
| Other | 41 | $3,127,000 | $72,083 | $170,000 | $38,833 | $98,000 |
| Information not provided by applicant in mail or telephone application | 1 | $73,000 | $73,000 | $73,000 | $28,000 | $28,000 |
| 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) | 11,111 | $748,404,000 | $66,545 | $453,000 | $45,878 | $780,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 9,025 | $646,359,000 | $70,272 | $453,000 | $44,212 | $780,000 |
| Application Approved But Not Accepted | 1,319 | $69,703,000 | $53,480 | $164,000 | $45,320 | $660,000 |
| Loan Originated | 767 | $32,342,000 | $42,041 | $125,000 | $42,583 | $630,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| 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 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Homeone Credit Corp.'s 2003 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 Homeone Credit Corp.'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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