Key Mortgage Link, Inc; Mortgage Lending & HMDA Data, 2003
In 2003, Key Mortgage Link, Inc; of Dallas, TX reported 707 mortgage applications totaling $131.9 million. The average application was for $186,562, and applicants reported an average income of $139,695. 75% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Dallas, TX (619), Fort Worth-Arlington, TX (33) and Houston, TX (6) (applications in parentheses).
| Mortgage Company & Address | Key Mortgage Link, Inc; 4849 Greenville Ave. #1680 Dallas, TX 75206 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 2003 |
| Total Number of Mortgage Applications | 707 |
| Total Mortgage Loan Application Amount | $131,900,000 |
| Average Mortgage Loan Application Amount | $186,562 |
| Highest Mortgage Loan Application Amount | $980,000 |
| Average Applicant Income | $139,695 |
| Highest Applicant Income | $999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Key Mortgage Link, Inc; filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Key Mortgage Link, Inc; 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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 449 | $87,346,000 | $128,200 | $980,000 | $120,200 | $999,000 |
| Home Purchase (one-to-four family) | 256 | $44,103,000 | $148,666 | $900,000 | $260,500 | $999,000 |
| Home Improvement (one-to-four family) | 2 | $451,000 | $225,000 | $266,000 | $169,000 | $240,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 600 | $114,342,000 | $134,375 | $980,000 | $265,000 | $999,000 |
| Information not provided by applicant in mail or telephone application | 76 | $14,164,000 | $169,333 | $739,000 | $87,666 | $803,000 |
| Hispanic | 15 | $1,976,000 | $131,000 | $455,000 | $78,000 | $274,000 |
| Other | 8 | $540,000 | $67,000 | $124,000 | $94,000 | $162,000 |
| Asian or Pacific Islander | 4 | $463,000 | $115,000 | $210,000 | $111,000 | $151,000 |
| Black | 2 | $224,000 | $112,000 | $126,000 | $92,000 | $114,000 |
| American Indian or Alaskan Native | 2 | $191,000 | $95,000 | $116,000 | $80,000 | $85,000 |
| 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) | 707 | $131,900,000 | $139,125 | $980,000 | $205,750 | $999,000 |
| 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 Originated | 533 | $96,139,000 | $137,000 | $980,000 | $221,750 | $999,000 |
| Application Withdrawn By Applicant | 131 | $28,869,000 | $178,500 | $940,000 | $80,000 | $999,000 |
| Loan Purchased By The Institution | 27 | $4,415,000 | $142,500 | $323,000 | $198,000 | $940,000 |
| Application Denied By Financial Institution | 12 | $1,241,000 | $103,000 | $186,000 | $82,000 | $178,000 |
| Application Approved But Not Accepted | 3 | $868,000 | $289,000 | $423,000 | $152,000 | $216,000 |
| File Closed For Incompleteness | 1 | $368,000 | $368,000 | $368,000 | $305,000 | $305,000 |
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 |
|---|---|---|---|---|---|---|
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $284,000 | $56,000 | $111,000 | $66,000 | $95,000 |
| Credit History | 3 | $391,000 | $130,000 | $186,000 | $87,000 | $151,000 |
| Debt-To-Income Ratio | 2 | $238,000 | $119,000 | $165,000 | $49,000 | $59,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Key Mortgage Link, Inc;'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 Key Mortgage Link, 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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