Marshall National Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, Marshall National Bank & Trust of Marshall, VA reported 102 mortgage applications totaling $20.7 million, down 32% from 2003. The average application was for $202,617, and applicants reported an average income of $116,215. 90% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Charlottesville, VA (1), Harrisonburg, VA (1) and Richmond, 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 | 102 |
| Total Mortgage Loan Application Amount | $20,667,000 |
| Average Mortgage Loan Application Amount | $202,617 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $116,215 |
| Highest Applicant Income | $503,000 |
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records Marshall National Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Marshall National Bank & Trust in 2004
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 | 44 | $11,984,000 | $272,000 | $1,200,000 | $112,000 | $351,000 |
| Refinancing | 40 | $8,091,000 | $202,000 | $680,000 | $143,000 | $503,000 |
| Home Improvement | 18 | $592,000 | $32,000 | $150,000 | $67,000 | $213,000 |
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 | 79 | $16,145,000 | $204,000 | $1,200,000 | $102,000 | $351,000 |
| Black or African American | 12 | $1,713,000 | $142,000 | $400,000 | $80,000 | $152,000 |
| Not applicable | 10 | $2,314,000 | $231,000 | $600,000 | $208,000 | $503,000 |
| Hispanic | 1 | $495,000 | $495,000 | $495,000 | $160,000 | $160,000 |
| 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) | 102 | $20,667,000 | $202,000 | $1,200,000 | $115,000 | $503,000 |
| 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 | 92 | $18,718,000 | $203,000 | $1,200,000 | $126,000 | $503,000 |
| Application Denied By Financial Institution | 7 | $1,312,000 | $187,000 | $726,000 | $77,000 | $164,000 |
| Application Withdrawn By Applicant | 3 | $637,000 | $212,000 | $480,000 | $100,000 | $141,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $969,000 | $242,000 | $726,000 | $71,000 | $164,000 |
| Debt-To-Income Ratio | 2 | $208,000 | $104,000 | $132,000 | $83,000 | $95,000 |
| Other | 1 | $135,000 | $135,000 | $135,000 | $89,000 | $89,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2004 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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