Litton Mortgage, Inc. Mortgage Lending & HMDA Data, 2021

In 2021, Litton Mortgage, Inc. of Shreveport, LA reported 510 mortgage applications totaling $127.2 million. The average application was for $249,352, and applicants reported an average income of $97,705. 89% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Shreveport-Bossier City, LA (497), Alexandria, LA (1) and Monroe, LA (1) (applications in parentheses).

Mortgage Company & Address Litton Mortgage, Inc.
7607 Fern Ave
Shreveport, LA 71105
Tel #: available with data download
Federal Regulator * available with data download
Years 2023  2022  2021  
Total Number of Mortgage Applications 510
Total Mortgage Loan Application Amount $127,170,000
Average Mortgage Loan Application Amount $249,352
Highest Mortgage Loan Application Amount $665,000
Average Applicant Income $97,705
Highest Applicant Income $1,488,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Litton Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Litton Mortgage, Inc. in 2021

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 390 $100,260,000 $257,000 $665,000 $101,000 $1,488,000
Refinancing 120 $26,910,000 $224,000 $535,000 $87,000 $1,488,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0
Cash-out 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
White 402 $99,380,000 $247,000 $625,000 $90,000 $325,000
Not Provided 47 $11,155,000 $237,000 $515,000 $113,000 $278,000
Black or African American 37 $9,215,000 $249,000 $455,000 $90,000 $323,000
Hispanic 15 $4,935,000 $329,000 $665,000 $104,000 $161,000
Asian 4 $1,260,000 $315,000 $425,000 $773,000 $1,488,000
American Indian or Alaskan Native 3 $605,000 $201,000 $305,000 $112,000 $156,000
Native Hawaiian or Other Pacific Islander 2 $620,000 $310,000 $355,000 $166,000 $186,000
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) 270 $61,230,000 $226,000 $545,000 $111,000 $1,488,000
VA-guaranteed (Veterans Administration) 224 $63,190,000 $282,000 $665,000 $86,000 $325,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 16 $2,750,000 $171,000 $255,000 $55,000 $88,000
FHA-insured (Federal Housing 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 455 $113,735,000 $249,000 $665,000 $100,000 $1,488,000
Application Withdrawn By Applicant 54 $13,320,000 $246,000 $625,000 $85,000 $247,000
Application Denied By Financial Institution 1 $115,000 $115,000 $115,000 $53,000 $53,000
Application Approved But Not Accepted 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
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
Not applicable 509 $127,055,000 $249,000 $665,000 $98,000 $1,488,000
Other 1 $115,000 $115,000 $115,000 $53,000 $53,000
Unverifiable Information 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Litton Mortgage, Inc.'s 2021 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 Litton Mortgage, 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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