L&G Mortgagebanc, Inc Mortgage Lending & HMDA Data, 2010

In 2010, L&G Mortgagebanc, Inc of Scottsdale, AZ reported 1,951 mortgage applications totaling $350.3 million, down 24% from 2009. The average application was for $179,554, and applicants reported an average income of $73,252. 47% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Albuquerque, NM (494), Phoenix-Mesa-Glendale, AZ (289) and Las Vegas-Paradise, NV (228) (applications in parentheses).

Mortgage Company & Address L&G Mortgagebanc, Inc
8737 East Via De Commercio
Scottsdale, AZ 85258
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  
Total Number of Mortgage Applications 1,951
Total Mortgage Loan Application Amount $350,311,000
Average Mortgage Loan Application Amount $179,554
Highest Mortgage Loan Application Amount $2,000,000
Average Applicant Income $73,252
Highest Applicant Income $945,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records L&G Mortgagebanc, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for L&G Mortgagebanc, Inc by County in 2010

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 380 $ 66,341,000 $ 174,581 $ 75,000
Maricopa, Arizona 269 $ 47,589,000 $ 176,910 $ 75,000
Clark, Nevada 228 $ 41,007,000 $ 179,855 $ 71,000
Pima, Arizona 181 $ 32,114,000 $ 177,425 $ 63,000
Sandoval, New Mexico 84 $ 16,606,000 $ 197,690 $ 67,000
Dona Ana, New Mexico 81 $ 13,842,000 $ 170,888 $ 62,000
San Juan, New Mexico 64 $ 12,312,000 $ 192,375 $ 93,000
Mohave, Arizona 56 $ 7,759,000 $ 138,553 $ 60,000
Santa Fe, New Mexico 55 $ 13,178,000 $ 239,600 $ 83,000
Los Angeles, California 36 $ 10,802,000 $ 300,055 $ 74,000
Harris, Texas 29 $ 5,311,000 $ 183,137 $ 93,000
Valencia, New Mexico 28 $ 4,759,000 $ 169,964 $ 56,000
El Paso, Texas 28 $ 3,462,000 $ 123,642 $ 75,000
McKinley, New Mexico 27 $ 3,725,000 $ 137,962 $ 58,000
San Diego, California 25 $ 6,774,000 $ 270,960 $ 72,000
Pinal, Arizona 20 $ 2,322,000 $ 116,100 $ 44,000
Brazos, Texas 20 $ 3,026,000 $ 151,300 $ 91,000
Santa Cruz, Arizona 18 $ 1,847,000 $ 102,611 $ 37,000
Dallas, Texas 17 $ 2,360,000 $ 138,823 $ 53,000
Travis, Texas 17 $ 3,037,000 $ 178,647 $ 109,000
San Joaquin, California 16 $ 2,371,000 $ 148,187 $ 50,000
El Paso, Colorado 16 $ 3,302,000 $ 206,375 $ 89,000
Chaves, New Mexico 14 $ 1,566,000 $ 111,857 $ 48,000
Washoe, Nevada 13 $ 1,958,000 $ 150,615 $ 62,000
Cochise, Arizona 12 $ 1,392,000 $ 116,000 $ 41,000
Riverside, California 11 $ 1,752,000 $ 159,272 $ 41,000
Denton, Texas 10 $ 1,973,000 $ 197,300 $ 54,000
Orange, California 9 $ 2,861,000 $ 317,888 $ 209,000
San Bernardino, California 9 $ 1,730,000 $ 192,222 $ 150,000
Cibola, New Mexico 9 $ 1,260,000 $ 140,000 $ 58,000
Hidalgo, Texas 9 $ 1,285,000 $ 142,777 $ 46,000
Montgomery, Texas 9 $ 1,490,000 $ 165,555 $ 69,000
Williamson, Texas 9 $ 1,305,000 $ 145,000 $ 69,000
Yavapai, Arizona 7 $ 1,112,000 $ 158,857 $ 95,000
Eddy, New Mexico 7 $ 778,000 $ 111,142 $ 36,000
Ellis, Texas 7 $ 1,153,000 $ 164,714 $ 69,000
Fort Bend, Texas 7 $ 1,332,000 $ 190,285 $ 94,000
Rio Arriba, New Mexico 5 $ 1,011,000 $ 202,200 $ 64,000
Alameda, California 4 $ 1,296,000 $ 324,000 $ 92,000
Taos, New Mexico 4 $ 637,000 $ 159,250 $ 45,000
Collin, Texas 4 $ 1,111,000 $ 277,750 $ 121,000
Galveston, Texas 4 $ 655,000 $ 163,750 $ 105,000
Contra Costa, California 3 $ 701,000 $ 233,666 $ 139,000
Santa Clara, California 3 $ 505,000 $ 168,333 $ 70,000
Denver, Colorado 3 $ 835,000 $ 278,333 $ 341,000
Austin, Texas 3 $ 748,000 $ 249,333 $ 203,000
Coconino, Arizona 2 $ 543,000 $ 271,500 $ 114,000
Graham, Arizona 2 $ 560,000 $ 280,000 $ 144,000
Kern, California 2 $ 283,000 $ 141,500 $ 100,000
Jefferson, Colorado 2 $ 332,000 $ 166,000 $ 50,000
Kootenai, Idaho 2 $ 439,000 $ 219,500 $ 57,000
Nye, Nevada 2 $ 223,000 $ 111,500 $ 40,000
Grant, New Mexico 2 $ 363,000 $ 181,500 $ 55,000
Lincoln, New Mexico 2 $ 749,000 $ 374,500 $ 59,000
Sierra, New Mexico 2 $ 316,000 $ 158,000 $ 63,000
Torrance, New Mexico 2 $ 168,000 $ 84,000 $ 35,000
Bell, Texas 2 $ 359,000 $ 179,500 $ 101,000
Bexar, Texas 2 $ 190,000 $ 95,000 $ 29,000
Brazoria, Texas 2 $ 321,000 $ 160,500 $ 82,000
Cameron, Texas 2 $ 210,000 $ 105,000 $ 56,000
Hays, Texas 2 $ 477,000 $ 238,500 $ 178,000
Kendall, Texas 2 $ 329,000 $ 164,500 $ 0
Smith, Texas 2 $ 489,000 $ 244,500 $ 166,000
Tarrant, Texas 2 $ 296,000 $ 148,000 $ 50,000
Waller, Texas 2 $ 652,000 $ 326,000 $ 145,000
Washington, Texas 2 $ 339,000 $ 169,500 $ 96,000
Gila, Arizona 1 $ 74,000 $ 74,000 $ 28,000
Navajo, Arizona 1 $ 104,000 $ 104,000 $ 25,000
Yuma, Arizona 1 $ 179,000 $ 179,000 $ 0
San Francisco, California 1 $ 660,000 $ 660,000 $ 468,000
San Mateo, California 1 $ 405,000 $ 405,000 $ 165,000
Sonoma, California 1 $ 896,000 $ 896,000 $ 186,000
Trinity, California 1 $ 375,000 $ 375,000 $ 124,000
Adams, Colorado 1 $ 162,000 $ 162,000 $ 37,000
Arapahoe, Colorado 1 $ 135,000 $ 135,000 $ 53,000
Archuleta, Colorado 1 $ 103,000 $ 103,000 $ 165,000
Douglas, Colorado 1 $ 371,000 $ 371,000 $ 139,000
Elbert, Colorado 1 $ 209,000 $ 209,000 $ 54,000
Mesa, Colorado 1 $ 151,000 $ 151,000 $ 0
Pueblo, Colorado 1 $ 134,000 $ 134,000 $ 45,000
Rio Grande, Colorado 1 $ 89,000 $ 89,000 $ 85,000
Ada, Idaho 1 $ 128,000 $ 128,000 $ 67,000
Canyon, Idaho 1 $ 88,000 $ 88,000 $ 62,000
Jefferson, Idaho 1 $ 95,000 $ 95,000 $ 24,000
Lyon, Nevada 1 $ 65,000 $ 65,000 $ 49,000
Colfax, New Mexico 1 $ 386,000 $ 386,000 $ 110,000
Los Alamos, New Mexico 1 $ 237,000 $ 237,000 $ 112,000
San Miguel, New Mexico 1 $ 105,000 $ 105,000 $ 3,000
Canadian, Oklahoma 1 $ 151,000 $ 151,000 $ 64,000
Oklahoma, Oklahoma 1 $ 149,000 $ 149,000 $ 64,000
Tulsa, Oklahoma 1 $ 400,000 $ 400,000 $ 168,000
Bandera, Texas 1 $ 111,000 $ 111,000 $ 0
Bastrop, Texas 1 $ 98,000 $ 98,000 $ 39,000
Burleson, Texas 1 $ 111,000 $ 111,000 $ 29,000
Comal, Texas 1 $ 320,000 $ 320,000 $ 131,000
Gregg, Texas 1 $ 219,000 $ 219,000 $ 87,000
Grimes, Texas 1 $ 115,000 $ 115,000 $ 60,000
Johnson, Texas 1 $ 84,000 $ 84,000 $ 0
Liberty, Texas 1 $ 128,000 $ 128,000 $ 27,000
Llano, Texas 1 $ 200,000 $ 200,000 $ 97,000
Lubbock, Texas 1 $ 113,000 $ 113,000 $ 67,000
McLennan, Texas 1 $ 140,000 $ 140,000 $ 83,000
Parker, Texas 1 $ 207,000 $ 207,000 $ 96,000
Randall, Texas 1 $ 247,000 $ 247,000 $ 132,000
San Patricio, Texas 1 $ 167,000 $ 167,000 $ 0
Tyler, Texas 1 $ 156,000 $ 156,000 $ 120,000
Walker, Texas 1 $ 114,000 $ 114,000 $ 79,000

Mortgage Loan Application Detail Totals for L&G Mortgagebanc, Inc 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 1,023 $165,039,000 $161,000 $630,000 $69,000 $755,000
Refinancing 914 $183,245,000 $200,000 $2,000,000 $78,000 $945,000
Home Improvement 14 $2,027,000 $144,000 $297,000 $74,000 $210,000

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 1,137 $214,898,000 $189,000 $2,000,000 $82,000 $945,000
Hispanic 587 $95,952,000 $163,000 $677,000 $57,000 $435,000
Not Provided 106 $18,754,000 $176,000 $476,000 $78,000 $755,000
Black or African American 62 $9,845,000 $158,000 $421,000 $51,000 $180,000
Asian 45 $8,151,000 $181,000 $679,000 $92,000 $356,000
American Indian or Alaskan Native 9 $1,472,000 $163,000 $304,000 $52,000 $127,000
Native Hawaiian or Other Pacific Islander 5 $1,239,000 $247,000 $405,000 $96,000 $165,000
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
FHA-insured (Federal Housing Administration) 1,066 $178,053,000 $167,000 $679,000 $52,000 $435,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 726 $146,500,000 $201,000 $2,000,000 $110,000 $945,000
VA-guaranteed (Veterans Administration) 98 $18,455,000 $188,000 $417,000 $49,000 $153,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 61 $7,303,000 $119,000 $246,000 $38,000 $72,000

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 923 $156,094,000 $169,000 $660,000 $71,000 $945,000
Application Withdrawn By Applicant 456 $90,249,000 $197,000 $2,000,000 $87,000 $755,000
Application Denied By Financial Institution 446 $80,034,000 $179,000 $863,000 $57,000 $450,000
Application Approved But Not Accepted 88 $17,382,000 $197,000 $1,000,000 $107,000 $837,000
File Closed For Incompleteness 38 $6,552,000 $172,000 $417,000 $72,000 $262,000
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
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
Debt-To-Income Ratio 145 $27,244,000 $187,000 $660,000 $54,000 $208,000
Other 76 $13,357,000 $175,000 $677,000 $58,000 $291,000
Credit History 68 $11,041,000 $162,000 $409,000 $42,000 $160,000
Collateral 57 $11,082,000 $194,000 $863,000 $79,000 $450,000
Unverifiable Information 42 $7,546,000 $179,000 $417,000 $49,000 $179,000
Employment History 24 $4,067,000 $169,000 $393,000 $55,000 $149,000
Credit Application Incomplete 20 $3,538,000 $176,000 $285,000 $73,000 $180,000
Insufficient Cash (Downpayment, Closing Cost) 13 $2,047,000 $157,000 $272,000 $57,000 $158,000
Mortgage Insurance Denied 1 $112,000 $112,000 $112,000 $83,000 $83,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into L&G Mortgagebanc, Inc'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 L&G Mortgagebanc, 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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