Maverick Residential Mortgage Mortgage Lending & HMDA Data, 2006

In 2006, Maverick Residential Mortgage of Frisco, TX reported 3,766 mortgage applications totaling $424.5 million, up 35% from 2005. The average application was for $112,717, and applicants reported an average income of $79,469. 89% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Dallas-Plano-Irving, TX (767), Greensboro-High Point, NC (259) and Fort Worth-Arlington, TX (253) (applications in parentheses).

Mortgage Company & Address Maverick Residential Mortgage
2401 Internet Blvd Ste 103
Frisco, TX 75034
Tel #: available with data download
Federal Regulator * available with data download
Years 2006  2005  2004  2003  
Total Number of Mortgage Applications 3,766
Total Mortgage Loan Application Amount $424,495,000
Average Mortgage Loan Application Amount $112,717
Highest Mortgage Loan Application Amount $1,400,000
Average Applicant Income $79,469
Highest Applicant Income $1,080,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Maverick Residential Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Maverick Residential Mortgage by Metropolitan Area in 2006

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Dallas-Plano-Irving, TX 767 $ 87,598,000 $ 114,208 $ 92,000
Greensboro-High Point, NC 259 $ 27,512,000 $ 106,223 $ 58,000
Fort Worth-Arlington, TX 253 $ 27,138,000 $ 107,264 $ 86,000
Baltimore-Towson, MD 198 $ 33,087,000 $ 167,106 $ 93,000
Sherman-Denison, TX 180 $ 16,008,000 $ 88,933 $ 77,000
Tyler, TX 164 $ 16,506,000 $ 100,646 $ 60,000
Longview, TX 152 $ 13,934,000 $ 91,671 $ 56,000
Houston-Sugar Land-Baytown, TX 90 $ 10,896,000 $ 121,066 $ 86,000
Youngstown-Warren-Boardman, OH-PA 89 $ 6,831,000 $ 76,752 $ 65,000
College Station-Bryan, TX 88 $ 6,480,000 $ 73,636 $ 91,000
Amarillo, TX 87 $ 6,469,000 $ 74,356 $ 56,000
Indianapolis-Carmel, IN 74 $ 6,498,000 $ 87,810 $ 60,000
Louisville-Jefferson County, KY-IN 62 $ 6,733,000 $ 108,596 $ 81,193
Waco, TX 59 $ 6,316,000 $ 107,050 $ 77,000
McAllen-Edinburg-Mission, TX 55 $ 5,284,000 $ 96,072 $ 58,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 50 $ 12,675,000 $ 253,500 $ 105,280
Austin-Round Rock, TX 42 $ 5,061,000 $ 120,500 $ 265,000
Jacksonville, FL 37 $ 3,400,000 $ 91,891 $ 123,000
Orlando-Kissimmee, FL 34 $ 4,882,000 $ 143,588 $ 78,000
Killeen-Temple-Fort Hood, TX 33 $ 3,051,000 $ 92,454 $ 49,000
Columbia, SC 30 $ 3,309,000 $ 110,300 $ 75,000
Brownsville-Harlingen, TX 24 $ 2,263,000 $ 94,291 $ 68,000
Corpus Christi, TX 24 $ 2,817,000 $ 117,375 $ 96,000
West Palm Beach-Boca Raton-Boynton Beach, FL 24 $ 6,179,000 $ 257,458 $ 121,000
Lakeland, FL 20 $ 2,338,000 $ 116,900 $ 35,000
Stockton, CA 20 $ 4,748,000 $ 237,400 $ 134,000
Palm Bay-Melbourne-Titusville, FL 16 $ 3,514,000 $ 219,625 $ 81,000
Kingsport-Bristol-Bristol, TN-VA 15 $ 1,192,000 $ 79,466 $ 62,866
Savannah, GA 15 $ 1,828,000 $ 121,866 $ 55,000
Atlanta-Sandy Springs-Marietta, GA 14 $ 1,981,000 $ 141,500 $ 52,000
Elizabethtown, KY 14 $ 1,398,000 $ 99,857 $ 97,000
Farmington, NM 12 $ 1,962,000 $ 163,500 $ 51,000
San Antonio, TX 12 $ 1,028,000 $ 85,666 $ 44,000
Durham, NC 11 $ 1,338,000 $ 121,636 $ 50,000
Phoenix-Mesa-Scottsdale, AZ 11 $ 1,864,000 $ 169,454 $ 338,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 10 $ 1,933,000 $ 193,300 $ 108,000
Port St. Lucie-Fort Pierce, FL 10 $ 1,840,000 $ 184,000 $ 79,000
Columbus, IN 9 $ 631,000 $ 70,111 $ 48,000
Oakland-Fremont-Hayward, CA 8 $ 2,208,000 $ 276,000 $ 158,000
Bethesda-Gaithersburg-Frederick, MD 7 $ 1,286,000 $ 183,714 $ 64,000
Johnson City, TN 7 $ 751,000 $ 107,285 $ 50,000
Odessa, TX 7 $ 571,000 $ 81,571 $ 58,000
Victoria, TX 7 $ 611,000 $ 87,285 $ 81,000
Fayetteville, NC 6 $ 694,000 $ 115,666 $ 36,000
Oklahoma City, OK 6 $ 483,000 $ 80,500 $ 61,000
Texarkana, Tx-Texarkana, AR 6 $ 437,000 $ 72,833 $ 28,000
Winston-Salem, NC 6 $ 901,000 $ 150,166 $ 109,000
Beaumont-Port Arthur, TX 5 $ 330,000 $ 66,000 $ 85,000
Fresno, CA 5 $ 917,000 $ 183,400 $ 112,000
Little Rock-North Little Rock, AR 5 $ 283,000 $ 56,600 $ 77,000
Panama City-Lynn Haven, FL 5 $ 467,000 $ 93,400 $ 57,000
Sebastian-Vero Beach, FL 5 $ 537,000 $ 107,400 $ 77,000
Shreveport-Bossier City, LA 5 $ 269,000 $ 53,800 $ 34,000
St. Louis, MO-IL 5 $ 637,000 $ 127,400 $ 61,000
Tampa-St. Petersburg-Clearwater, FL 5 $ 1,129,000 $ 225,800 $ 79,000
Albuquerque, NM 4 $ 407,000 $ 101,750 $ 41,000
Burlington, NC 4 $ 366,000 $ 91,500 $ 52,000
Cleveland-Elyria-Mentor, OH 4 $ 220,000 $ 55,000 $ 72,000
Columbus, OH 4 $ 465,000 $ 116,250 $ 40,000
El Paso, TX 4 $ 1,268,000 $ 317,000 $ 179,000
Las Cruces, NM 4 $ 336,000 $ 84,000 $ 71,000
Lubbock, TX 4 $ 648,000 $ 162,000 $ 77,000
Tulsa, OK 4 $ 397,000 $ 99,250 $ 77,000
Virginia Beach-Norfolk-Newport News, VA-NC 4 $ 1,591,000 $ 397,750 $ 387,000
Wichita Falls, TX 4 $ 275,000 $ 68,750 $ 70,000
Augusta-Richmond County, GA-SC 3 $ 206,000 $ 68,666 $ 24,000
Charlotte-Gastonia-Concord, NC-SC 3 $ 271,000 $ 90,333 $ 67,000
Gary, IN 3 $ 349,000 $ 116,333 $ 70,000
Lafayette, LA 3 $ 254,000 $ 84,666 $ 45,000
Lake Charles, LA 3 $ 268,000 $ 89,333 $ 49,000
Los Angeles-Long Beach-Glendale, CA 3 $ 759,000 $ 253,000 $ 132,000
Santa Ana-Anaheim-Irvine, CA 3 $ 1,369,000 $ 456,333 $ 133,000
Akron, OH 2 $ 233,000 $ 116,500 $ 46,000
Baton Rouge, LA 2 $ 306,000 $ 153,000 $ 67,000
Canton-Massillon, OH 2 $ 130,000 $ 65,000 $ 74,000
Charlottesville, VA 2 $ 377,000 $ 188,500 $ 104,000
Columbus, GA-AL 2 $ 255,000 $ 127,500 $ 34,000
Dayton, OH 2 $ 106,000 $ 53,000 $ 69,000
Deltona-Daytona Beach-Ormond Beach, FL 2 $ 286,000 $ 143,000 $ 38,000
Denver-Aurora, CO 2 $ 350,000 $ 175,000 $ 91,000
Des Moines-West Des Moines, IA 2 $ 111,000 $ 55,500 $ 27,000
Evansville, IN-KY 2 $ 45,000 $ 22,500 $ 0
Grand Rapids-Wyoming, MI 2 $ 138,000 $ 69,000 $ 60,000
Greenville, NC 2 $ 185,000 $ 92,500 $ 42,000
Hinesville-Fort Stewart, GA 2 $ 208,000 $ 104,000 $ 49,000
Miami-Miami Beach-Kendall, FL 2 $ 490,000 $ 245,000 $ 61,000
Midland, TX 2 $ 204,000 $ 102,000 $ 37,000
Modesto, CA 2 $ 421,000 $ 210,500 $ 138,000
New York-White Plains-Wayne, NY-NJ 2 $ 518,000 $ 259,000 $ 42,000
Sacramento--Arden-Arcade--Roseville, CA 2 $ 425,000 $ 212,500 $ 118,000
San Jose-Sunnyvale-Santa Clara, CA 2 $ 796,000 $ 398,000 $ 0
Syracuse, NY 2 $ 263,000 $ 131,500 $ 87,000
Abilene, TX 1 $ 132,000 $ 132,000 $ 82,000
Birmingham-Hoover, AL 1 $ 61,000 $ 61,000 $ 60,000
Bloomington, IN 1 $ 94,000 $ 94,000 $ 73,000
Cincinnati-Middletown, OH-KY-IN 1 $ 70,000 $ 70,000 $ 72,000
Houma-Bayou Cane-Thibodaux, LA 1 $ 76,000 $ 76,000 $ 29,000
Jacksonville, NC 1 $ 190,000 $ 190,000 $ 130,000
Kansas City, MO-KS 1 $ 174,000 $ 174,000 $ 81,000
Las Vegas-Paradise, NV 1 $ 275,000 $ 275,000 $ 78,000
Merced, CA 1 $ 312,000 $ 312,000 $ 160,000
Nashville-Davidson--Murfreesboro, TN 1 $ 226,000 $ 226,000 $ 111,000
Ocala, FL 1 $ 157,000 $ 157,000 $ 78,000
Sarasota-Bradenton-Venice, FL 1 $ 325,000 $ 325,000 $ 112,000
Utica-Rome, NY 1 $ 43,000 $ 43,000 $ 119,000
Wilmington, NC 1 $ 133,000 $ 133,000 $ 138,000
York-Hanover, PA 1 $ 86,000 $ 86,000 $ 45,000

Mortgage Loan Application Detail Totals for Maverick Residential Mortgage 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 2,991 $310,121,000 $103,000 $1,047,000 $77,000 $1,080,000
Refinancing 775 $114,374,000 $147,000 $1,400,000 $89,000 $711,000
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 2,714 $311,679,000 $114,000 $1,400,000 $83,000 $1,080,000
Hispanic 392 $36,731,000 $93,000 $840,000 $53,000 $711,000
Black or African American 316 $35,139,000 $111,000 $712,000 $66,000 $299,000
Not Provided 246 $28,616,000 $116,000 $800,000 $88,000 $624,000
Asian 78 $9,777,000 $125,000 $548,000 $117,000 $368,000
American Indian or Alaskan Native 14 $1,017,000 $72,000 $153,000 $83,000 $195,000
Native Hawaiian or Other Pacific Islander 6 $1,536,000 $256,000 $637,000 $58,000 $125,000
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) 2,824 $325,899,000 $115,000 $1,400,000 $90,000 $1,080,000
FHA-insured (Federal Housing Administration) 870 $89,264,000 $102,000 $308,000 $47,000 $257,000
VA-guaranteed (Veterans Administration) 72 $9,332,000 $129,000 $232,000 $56,000 $103,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 3,356 $380,892,000 $113,000 $1,400,000 $80,000 $1,080,000
Application Denied By Financial Institution 169 $15,426,000 $91,000 $800,000 $71,000 $311,000
Application Approved But Not Accepted 160 $19,708,000 $123,000 $771,000 $90,000 $500,000
Application Withdrawn By Applicant 67 $6,825,000 $101,000 $1,000,000 $52,000 $207,000
File Closed For Incompleteness 14 $1,644,000 $117,000 $455,000 $92,000 $362,000
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
Other 44 $4,025,000 $91,000 $444,000 $64,000 $163,000
Credit History 30 $3,222,000 $107,000 $800,000 $68,000 $195,000
Collateral 24 $2,000,000 $83,000 $300,000 $81,000 $177,000
Debt-To-Income Ratio 10 $1,276,000 $127,000 $488,000 $75,000 $165,000
Employment History 5 $454,000 $90,000 $239,000 $29,000 $73,000
Insufficient Cash (Downpayment, Closing Cost) 3 $276,000 $92,000 $142,000 $14,000 $44,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Maverick Residential Mortgage'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 Maverick Residential Mortgage'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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