Marshall National Bank & Trust Mortgage Lending & HMDA Data, 2006
In 2006, Marshall National Bank & Trust of Marshall, VA reported 96 mortgage applications totaling $29.1 million, up 8% from 2005. The average application was for $303,281, and applicants reported an average income of $180,166. 91% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (65), Harrisonburg, VA (2) and Charlottesville, VA (1) (applications in parentheses).
| Mortgage Company & Address | Marshall National Bank & Trust P.O. Box 38 Marshall, VA 20116 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 96 |
| Total Mortgage Loan Application Amount | $29,115,000 |
| Average Mortgage Loan Application Amount | $303,281 |
| Highest Mortgage Loan Application Amount | $2,700,000 |
| Average Applicant Income | $180,166 |
| Highest Applicant Income | $1,660,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Marshall National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fauquier, Virginia | 49 | $ 18,901,000 | $ 385,734 | $ 181,000 |
| Culpeper, Virginia | 11 | $ 1,620,000 | $ 147,272 | $ 97,000 |
| Loudoun, Virginia | 7 | $ 3,475,000 | $ 496,428 | $ 478,000 |
| Rappahannock, Virginia | 6 | $ 1,678,000 | $ 279,666 | $ 142,000 |
| Prince William, Virginia | 5 | $ 549,000 | $ 109,800 | $ 168,000 |
| Orange, Virginia | 4 | $ 327,000 | $ 81,750 | $ 111,000 |
| Page, Virginia | 3 | $ 290,000 | $ 96,666 | $ 44,000 |
| Warren, Virginia | 3 | $ 575,000 | $ 191,666 | $ 96,000 |
| Harrisonburg, Virginia | 2 | $ 341,000 | $ 170,500 | $ 106,000 |
| Shenandoah, Virginia | 2 | $ 523,000 | $ 261,500 | $ 371,000 |
| Dare, North Carolina | 1 | $ 510,000 | $ 510,000 | $ 136,000 |
| Augusta, Virginia | 1 | $ 75,000 | $ 75,000 | $ 98,000 |
| Nelson, Virginia | 1 | $ 200,000 | $ 200,000 | $ 90,000 |
| Spotsylvania, Virginia | 1 | $ 51,000 | $ 51,000 | $ 168,000 |
Mortgage Loan Application Detail Totals for Marshall National Bank & Trust in 2006
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 | 39 | $17,119,000 | $438,000 | $2,700,000 | $217,000 | $1,660,000 |
| Refinancing | 37 | $10,991,000 | $297,000 | $2,700,000 | $189,000 | $1,318,000 |
| Home Improvement | 20 | $1,005,000 | $50,000 | $400,000 | $92,000 | $329,000 |
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 | 86 | $25,435,000 | $295,000 | $2,700,000 | $160,000 | $1,318,000 |
| Not applicable | 6 | $3,355,000 | $559,000 | $1,000,000 | $527,000 | $1,660,000 |
| Black or African American | 4 | $325,000 | $81,000 | $200,000 | $84,000 | $123,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 96 | $29,115,000 | $303,000 | $2,700,000 | $180,000 | $1,660,000 |
| 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 | 87 | $27,087,000 | $311,000 | $2,700,000 | $192,000 | $1,660,000 |
| Application Withdrawn By Applicant | 6 | $1,206,000 | $201,000 | $455,000 | $76,000 | $183,000 |
| Application Denied By Financial Institution | 3 | $822,000 | $274,000 | $400,000 | $47,000 | $71,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 2 | $422,000 | $211,000 | $400,000 | $59,000 | $71,000 |
| Other | 1 | $400,000 | $400,000 | $400,000 | $23,000 | $23,000 |
| 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 |
| 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 Marshall National Bank & Trust's 2006 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 Marshall National Bank & Trust'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.
For a list of all lenders in Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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