Key Financial Group, Inc Mortgage Lending & HMDA Data, 2008
In 2008, Key Financial Group, Inc of Albuquerque, NM reported 44 mortgage applications totaling $6.9 million, up 450% from 2007. The average application was for $156,454, and applicants reported an average income of $43,000. 0% of its applications resulted in an originated loan and 41% were denied. Its largest market was Albuquerque, NM (10).
| Mortgage Company & Address | Key Financial Group, Inc 8421 Osuna Ne Albuquerque, NM 87111 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 44 |
| Total Mortgage Loan Application Amount | $6,884,000 |
| Average Mortgage Loan Application Amount | $156,454 |
| Highest Mortgage Loan Application Amount | $282,000 |
| Average Applicant Income | $43,000 |
| Highest Applicant Income | $92,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Key Financial Group, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Bernalillo, New Mexico | 11 | $ 1,408,000 | $ 128,000 | $ 30,000 |
| Sandoval, New Mexico | 2 | $ 411,000 | $ 205,500 | $ 52,000 |
| Valencia, New Mexico | 1 | $ 95,000 | $ 95,000 | $ 27,000 |
Mortgage Loan Application Detail Totals for Key Financial Group, 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 44 | $6,884,000 | $156,000 | $282,000 | $43,000 | $92,000 |
| Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 27 | $4,173,000 | $154,000 | $282,000 | $42,000 | $92,000 |
| White | 15 | $2,431,000 | $162,000 | $270,000 | $45,000 | $80,000 |
| Black or African American | 1 | $167,000 | $167,000 | $167,000 | $64,000 | $64,000 |
| American Indian or Alaskan Native | 1 | $113,000 | $113,000 | $113,000 | $25,000 | $25,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 44 | $6,884,000 | $156,000 | $282,000 | $43,000 | $92,000 |
| 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 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 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 | 18 | $2,609,000 | $144,000 | $221,000 | $36,000 | $66,000 |
| File Closed For Incompleteness | 10 | $1,541,000 | $154,000 | $198,000 | $44,000 | $64,000 |
| Preapproval Denied by Financial Institution | 7 | $1,407,000 | $201,000 | $282,000 | $58,000 | $92,000 |
| Application Approved But Not Accepted | 4 | $565,000 | $141,000 | $162,000 | $46,000 | $50,000 |
| Application Withdrawn By Applicant | 3 | $460,000 | $153,000 | $270,000 | $52,000 | $80,000 |
| Preapproval Approved but not Accepted | 2 | $302,000 | $151,000 | $189,000 | $37,000 | $49,000 |
| Loan Originated | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 | 11 | $1,810,000 | $164,000 | $226,000 | $39,000 | $88,000 |
| Credit History | 7 | $1,181,000 | $168,000 | $200,000 | $55,000 | $92,000 |
| Employment History | 2 | $261,000 | $130,000 | $133,000 | $12,000 | $24,000 |
| Collateral | 2 | $232,000 | $116,000 | $116,000 | $33,000 | $66,000 |
| Other | 1 | $282,000 | $282,000 | $282,000 | $70,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $118,000 | $118,000 | $118,000 | $41,000 | $41,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Key Financial Group, 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 Key Financial Group, 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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