Litton Mortgage, Inc. Mortgage Lending & HMDA Data, 2022

In 2022, Litton Mortgage, Inc. of Shreveport, LA reported 408 mortgage applications totaling $105.3 million, down 20% from 2021. The average application was for $258,088, and applicants reported an average income of $108,382. 81% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Shreveport-Bossier City, LA (389), Dallas-Plano-Irving, TX (2) and Longview, TX (2) (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 408
Total Mortgage Loan Application Amount $105,300,000
Average Mortgage Loan Application Amount $258,088
Highest Mortgage Loan Application Amount $1,865,000
Average Applicant Income $108,382
Highest Applicant Income $677,000

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(HMDA) records Litton Mortgage, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2022

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 388 $100,270,000 $258,000 $1,865,000 $105,000 $677,000
Refinancing 20 $5,030,000 $251,000 $645,000 $174,000 $677,000
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 285 $70,145,000 $246,000 $1,865,000 $105,000 $677,000
Black or African American 50 $14,710,000 $294,000 $545,000 $106,000 $200,000
Hispanic 28 $8,150,000 $291,000 $475,000 $114,000 $240,000
Not Provided 28 $7,360,000 $262,000 $605,000 $133,000 $358,000
Asian 14 $4,110,000 $293,000 $435,000 $130,000 $416,000
American Indian or Alaskan Native 2 $480,000 $240,000 $315,000 $90,000 $94,000
Native Hawaiian or Other Pacific Islander 1 $345,000 $345,000 $345,000 $168,000 $168,000
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) 192 $44,280,000 $230,000 $645,000 $116,000 $677,000
VA-guaranteed (Veterans Administration) 191 $55,935,000 $292,000 $1,865,000 $106,000 $677,000
FHA-insured (Federal Housing Administration) 16 $3,420,000 $213,000 $335,000 $86,000 $138,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 9 $1,665,000 $185,000 $255,000 $62,000 $85,000

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 331 $84,155,000 $254,000 $645,000 $108,000 $677,000
Application Withdrawn By Applicant 76 $20,890,000 $274,000 $1,865,000 $113,000 $677,000
Application Denied By Financial Institution 1 $255,000 $255,000 $255,000 $65,000 $65,000
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 407 $105,045,000 $258,000 $1,865,000 $109,000 $677,000
Debt-To-Income Ratio 1 $255,000 $255,000 $255,000 $65,000 $65,000
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
Other 0 $0 $0 $0 $0 $0
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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Litton Mortgage, Inc.'s 2022 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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