Marshall National Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Marshall National Bank & Trust of Marshall, VA reported 89 mortgage applications totaling $22.9 million, down 13% from 2004. The average application was for $256,887, and applicants reported an average income of $160,775. 91% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Harrisonburg, VA (2), Charlottesville, VA (1) and Winchester, VA-WV (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 | 89 |
| Total Mortgage Loan Application Amount | $22,863,000 |
| Average Mortgage Loan Application Amount | $256,887 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $160,775 |
| Highest Applicant Income | $4,706,000 |
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records Marshall National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 53 | $ 12,495,000 | $ 235,754 | $ 181,000 |
| Culpeper, Virginia | 10 | $ 2,019,000 | $ 201,900 | $ 106,000 |
| Loudoun, Virginia | 5 | $ 4,607,000 | $ 921,400 | $ 339,000 |
| Warren, Virginia | 5 | $ 977,000 | $ 195,400 | $ 91,000 |
| Rappahannock, Virginia | 3 | $ 353,000 | $ 117,666 | $ 68,000 |
| Harrisonburg, Virginia | 2 | $ 134,000 | $ 67,000 | $ 76,000 |
| Prince William, Virginia | 2 | $ 259,000 | $ 129,500 | $ 347,000 |
| Worcester, Maryland | 1 | $ 295,000 | $ 295,000 | $ 257,000 |
| Clarke, Virginia | 1 | $ 196,000 | $ 196,000 | $ 376,000 |
| Fairfax, Virginia | 1 | $ 395,000 | $ 395,000 | $ 98,000 |
| Madison, Virginia | 1 | $ 168,000 | $ 168,000 | $ 0 |
| Manassas, Virginia | 1 | $ 5,000 | $ 5,000 | $ 77,000 |
| Manassas Park, Virginia | 1 | $ 672,000 | $ 672,000 | $ 668,000 |
| Nelson, Virginia | 1 | $ 158,000 | $ 158,000 | $ 90,000 |
| Shenandoah, Virginia | 1 | $ 26,000 | $ 26,000 | $ 63,000 |
| Winchester, Virginia | 1 | $ 104,000 | $ 104,000 | $ 128,000 |
Mortgage Loan Application Detail Totals for Marshall National Bank & Trust in 2005
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 | 36 | $13,846,000 | $384,000 | $3,000,000 | $228,000 | $4,706,000 |
| Refinancing | 33 | $7,136,000 | $254,000 | $672,000 | $192,000 | $668,000 |
| Home Improvement | 20 | $1,881,000 | $94,000 | $950,000 | $89,000 | $1,325,000 |
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 | 72 | $16,267,000 | $225,000 | $1,825,000 | $113,000 | $1,325,000 |
| Not applicable | 11 | $5,423,000 | $403,500 | $3,000,000 | $406,000 | $4,706,000 |
| Not Provided | 2 | $520,000 | $260,000 | $370,000 | $100,000 | $160,000 |
| Black or African American | 2 | $38,000 | $19,000 | $28,000 | $19,000 | $38,000 |
| Hispanic | 1 | $290,000 | $290,000 | $290,000 | $101,000 | $101,000 |
| Asian | 1 | $325,000 | $325,000 | $325,000 | $74,000 | $74,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 89 | $22,863,000 | $275,500 | $3,000,000 | $212,500 | $4,706,000 |
| 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 | 81 | $19,355,000 | $266,500 | $3,000,000 | $216,500 | $4,706,000 |
| Application Denied By Financial Institution | 6 | $1,738,000 | $289,000 | $543,000 | $81,000 | $126,000 |
| Application Withdrawn By Applicant | 1 | $1,620,000 | $1,620,000 | $1,620,000 | $404,000 | $404,000 |
| File Closed For Incompleteness | 1 | $150,000 | $150,000 | $150,000 | $160,000 | $160,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Credit History | 4 | $825,000 | $206,000 | $317,000 | $80,000 | $101,000 |
| Debt-To-Income Ratio | 2 | $913,000 | $456,000 | $543,000 | $83,000 | $126,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Marshall National Bank & Trust's 2005 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.
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