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(HMDA) records L&G Mortgagebanc, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Albuquerque, NM | 494 | $ 87,874,000 | $ 177,882 | $ 72,000 |
| Phoenix-Mesa-Glendale, AZ | 289 | $ 49,911,000 | $ 172,702 | $ 73,000 |
| Las Vegas-Paradise, NV | 228 | $ 41,007,000 | $ 179,855 | $ 71,000 |
| Tucson, AZ | 181 | $ 32,114,000 | $ 177,425 | $ 63,000 |
| Las Cruces, NM | 81 | $ 13,842,000 | $ 170,888 | $ 62,000 |
| Farmington, NM | 64 | $ 12,312,000 | $ 192,375 | $ 93,000 |
| Houston-Sugar Land-Baytown, TX | 57 | $ 10,637,000 | $ 186,614 | $ 96,000 |
| Lake Havasu City-Kingman, AZ | 56 | $ 7,759,000 | $ 138,553 | $ 60,000 |
| Santa Fe, NM | 55 | $ 13,178,000 | $ 239,600 | $ 83,000 |
| Dallas-Plano-Irving, TX | 38 | $ 6,597,000 | $ 173,605 | $ 63,000 |
| Los Angeles-Long Beach-Glendale, CA | 36 | $ 10,802,000 | $ 300,055 | $ 74,000 |
| Austin-Round Rock-San Marcos, TX | 29 | $ 4,917,000 | $ 169,551 | $ 99,000 |
| El Paso, TX | 28 | $ 3,462,000 | $ 123,642 | $ 75,000 |
| San Diego-Carlsbad-San Marcos, CA | 25 | $ 6,774,000 | $ 270,960 | $ 72,000 |
| College Station-Bryan, TX | 21 | $ 3,137,000 | $ 149,380 | $ 88,000 |
| Riverside-San Bernardino-Ontario, CA | 20 | $ 3,482,000 | $ 174,100 | $ 90,000 |
| Colorado Springs, CO | 16 | $ 3,302,000 | $ 206,375 | $ 89,000 |
| Stockton, CA | 16 | $ 2,371,000 | $ 148,187 | $ 50,000 |
| Reno-Sparks, NV | 13 | $ 1,958,000 | $ 150,615 | $ 62,000 |
| Denver-Aurora-Broomfield, CO | 9 | $ 2,044,000 | $ 227,111 | $ 156,000 |
| McAllen-Edinburg-Mission, TX | 9 | $ 1,285,000 | $ 142,777 | $ 46,000 |
| Santa Ana-Anaheim-Irvine, CA | 9 | $ 2,861,000 | $ 317,888 | $ 209,000 |
| Oakland-Fremont-Hayward, CA | 7 | $ 1,997,000 | $ 285,285 | $ 112,000 |
| Prescott, AZ | 7 | $ 1,112,000 | $ 158,857 | $ 95,000 |
| San Antonio-New Braunfels, TX | 6 | $ 950,000 | $ 158,333 | $ 31,000 |
| Fort Worth-Arlington, TX | 4 | $ 587,000 | $ 146,750 | $ 49,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 505,000 | $ 168,333 | $ 70,000 |
| Bakersfield-Delano, CA | 2 | $ 283,000 | $ 141,500 | $ 100,000 |
| Boise City-Nampa, ID | 2 | $ 216,000 | $ 108,000 | $ 64,000 |
| Brownsville-Harlingen, TX | 2 | $ 210,000 | $ 105,000 | $ 56,000 |
| Coeur D'Alene, ID | 2 | $ 439,000 | $ 219,500 | $ 57,000 |
| Flagstaff, AZ | 2 | $ 543,000 | $ 271,500 | $ 114,000 |
| Killeen-Temple-Fort Hood, TX | 2 | $ 359,000 | $ 179,500 | $ 101,000 |
| Oklahoma City, OK | 2 | $ 300,000 | $ 150,000 | $ 64,000 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 1,065,000 | $ 532,500 | $ 316,000 |
| Tyler, TX | 2 | $ 489,000 | $ 244,500 | $ 166,000 |
| Amarillo, TX | 1 | $ 247,000 | $ 247,000 | $ 132,000 |
| Corpus Christi, TX | 1 | $ 167,000 | $ 167,000 | $ 0 |
| Grand Junction, CO | 1 | $ 151,000 | $ 151,000 | $ 0 |
| Idaho Falls, ID | 1 | $ 95,000 | $ 95,000 | $ 24,000 |
| Longview, TX | 1 | $ 219,000 | $ 219,000 | $ 87,000 |
| Lubbock, TX | 1 | $ 113,000 | $ 113,000 | $ 67,000 |
| Pueblo, CO | 1 | $ 134,000 | $ 134,000 | $ 45,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 896,000 | $ 896,000 | $ 186,000 |
| Tulsa, OK | 1 | $ 400,000 | $ 400,000 | $ 168,000 |
| Waco, TX | 1 | $ 140,000 | $ 140,000 | $ 83,000 |
| Yuma, AZ | 1 | $ 179,000 | $ 179,000 | $ 0 |
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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