Merrill Lynch Bank & Trust FSB Mortgage Lending & HMDA Data, 2009
In 2009, Merrill Lynch Bank & Trust FSB of Westlake Village, CA reported 4,304 mortgage applications totaling $3.9 billion, down 27% from 2008. The average application was for $901,936, and applicants reported an average income of $522,931. 75% of its applications resulted in an originated loan and 2% were denied. Its largest markets were San Francisco-San Mateo-Redwood City, CA (1,508), New York-White Plains-Wayne, NY-NJ (451) and Los Angeles-Long Beach-Glendale, CA (377) (applications in parentheses).
| Mortgage Company & Address | Merrill Lynch Bank & Trust FSB 30930 Russell Ranch Rd Ms Ca6-916-02-07 Westlake Village, CA 91362 |
| Federal Regulator | * available with data download |
| Years | 2009 2008 |
| Total Number of Mortgage Applications | 4,304 |
| Total Mortgage Loan Application Amount | $3,881,936,000 |
| Average Mortgage Loan Application Amount | $901,936 |
| Highest Mortgage Loan Application Amount | $10,450,000 |
| Average Applicant Income | $522,931 |
| Highest Applicant Income | $9,951,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Merrill Lynch Bank & Trust FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| San Francisco-San Mateo-Redwood City, CA | 1,508 | $ 1,337,399,000 | $ 886,869 | $ 416,000 |
| New York-White Plains-Wayne, NY-NJ | 451 | $ 546,144,000 | $ 1,210,962 | $ 720,560 |
| Los Angeles-Long Beach-Glendale, CA | 377 | $ 399,386,000 | $ 1,059,379 | $ 621,000 |
| Oakland-Fremont-Hayward, CA | 331 | $ 230,235,000 | $ 695,574 | $ 368,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 275 | $ 220,081,000 | $ 800,294 | $ 365,000 |
| Santa Ana-Anaheim-Irvine, CA | 137 | $ 135,334,000 | $ 987,839 | $ 486,000 |
| Boston-Quincy, MA | 134 | $ 98,656,000 | $ 736,238 | $ 574,000 |
| San Diego-Carlsbad-San Marcos, CA | 127 | $ 104,913,000 | $ 826,086 | $ 340,000 |
| Santa Rosa-Petaluma, CA | 86 | $ 63,569,000 | $ 739,174 | $ 402,000 |
| Nassau-Suffolk, NY | 76 | $ 94,851,000 | $ 1,248,039 | $ 826,000 |
| Portland-Vancouver-Beaverton, OR-WA | 76 | $ 38,785,000 | $ 510,328 | $ 248,960 |
| Cambridge-Newton-Framingham, MA | 61 | $ 43,097,000 | $ 706,508 | $ 508,000 |
| Napa, CA | 51 | $ 50,607,000 | $ 992,294 | $ 654,000 |
| Bridgeport-Stamford-Norwalk, CT | 49 | $ 73,021,000 | $ 1,490,224 | $ 1,059,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 48 | $ 44,568,000 | $ 928,500 | $ 486,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 42 | $ 33,219,000 | $ 790,928 | $ 546,000 |
| Riverside-San Bernardino-Ontario, CA | 29 | $ 19,221,000 | $ 662,793 | $ 681,000 |
| Salinas, CA | 26 | $ 28,962,000 | $ 1,113,923 | $ 690,000 |
| Newark-Union, NJ-PA | 22 | $ 14,480,000 | $ 658,181 | $ 409,090 |
| Barnstable Town, MA | 19 | $ 12,843,000 | $ 675,947 | $ 1,095,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 18 | $ 6,834,000 | $ 379,666 | $ 450,000 |
| Peabody, MA | 18 | $ 10,880,000 | $ 604,444 | $ 564,000 |
| Vallejo-Fairfield, CA | 18 | $ 4,912,000 | $ 272,888 | $ 1,192,000 |
| Santa Cruz-Watsonville, CA | 17 | $ 8,404,000 | $ 494,352 | $ 320,000 |
| Phoenix-Mesa-Scottsdale, AZ | 13 | $ 6,281,000 | $ 483,153 | $ 283,000 |
| Edison-New Brunswick, NJ | 12 | $ 7,349,000 | $ 612,416 | $ 640,000 |
| Providence-New Bedford-Fall River, RI-MA | 11 | $ 8,583,000 | $ 780,272 | $ 762,818 |
| Seattle-Bellevue-Everett, WA | 10 | $ 4,546,000 | $ 454,600 | $ 364,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 10 | $ 9,332,000 | $ 933,200 | $ 778,200 |
| Miami-Miami Beach-Kendall, FL | 8 | $ 5,799,000 | $ 724,875 | $ 1,108,000 |
| Las Vegas-Paradise, NV | 7 | $ 4,589,000 | $ 655,571 | $ 496,000 |
| Naples-Marco Island, FL | 7 | $ 5,475,000 | $ 782,142 | $ 1,252,000 |
| Reno-Sparks, NV | 7 | $ 4,785,000 | $ 683,571 | $ 413,000 |
| Honolulu, HI | 6 | $ 4,020,000 | $ 670,000 | $ 459,000 |
| Albany-Schenectady-Troy, NY | 5 | $ 3,448,000 | $ 689,600 | $ 730,000 |
| Bradenton-Sarasota-Venice, FL | 5 | $ 3,326,000 | $ 665,200 | $ 1,191,000 |
| Rockingham County-Strafford County, NH | 5 | $ 2,675,000 | $ 535,000 | $ 109,000 |
| Trenton-Ewing, NJ | 5 | $ 1,952,000 | $ 390,400 | $ 127,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 5 | $ 5,722,000 | $ 1,144,400 | $ 1,675,000 |
| Portland-South Portland-Biddeford, ME | 4 | $ 5,541,000 | $ 1,385,250 | $ 398,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 4 | $ 3,045,000 | $ 761,250 | $ 2,072,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 2,142,000 | $ 714,000 | $ 1,148,000 |
| Dallas-Plano-Irving, TX | 3 | $ 2,884,000 | $ 961,333 | $ 202,000 |
| Denver-Aurora-Broomfield, CO | 3 | $ 1,182,000 | $ 394,000 | $ 324,000 |
| Eugene-Springfield, OR | 3 | $ 1,072,000 | $ 357,333 | $ 227,000 |
| Philadelphia, PA | 3 | $ 2,171,000 | $ 723,666 | $ 1,067,000 |
| Pittsburgh, PA | 3 | $ 1,426,000 | $ 475,333 | $ 246,000 |
| Bakersfield, CA | 2 | $ 407,000 | $ 203,500 | $ 249,000 |
| Bend, OR | 2 | $ 600,000 | $ 300,000 | $ 319,000 |
| Bethesda-Frederick-Rockville, MD | 2 | $ 582,000 | $ 291,000 | $ 104,000 |
| Boise City-Nampa, ID | 2 | $ 593,000 | $ 296,500 | $ 0 |
| Boulder, CO | 2 | $ 1,525,000 | $ 762,500 | $ 3,733,000 |
| Charleston-North Charleston-Summerville, SC | 2 | $ 1,915,000 | $ 957,500 | $ 1,990,000 |
| Charlottesville, VA | 2 | $ 6,625,000 | $ 3,312,500 | $ 1,455,000 |
| Chicago-Naperville-Joliet, IL | 2 | $ 2,268,000 | $ 1,134,000 | $ 930,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 1,069,000 | $ 534,500 | $ 803,000 |
| Coeur D'Alene, ID | 2 | $ 763,000 | $ 381,500 | $ 375,000 |
| Kingston, NY | 2 | $ 759,000 | $ 379,500 | $ 523,000 |
| Ocean City, NJ | 2 | $ 1,492,000 | $ 746,000 | $ 353,000 |
| Oklahoma City, OK | 2 | $ 824,000 | $ 412,000 | $ 244,000 |
| Salt Lake City, UT | 2 | $ 4,500,000 | $ 2,250,000 | $ 2,889,000 |
| Sebastian-Vero Beach, FL | 2 | $ 1,710,000 | $ 855,000 | $ 497,000 |
| Asheville, NC | 1 | $ 1,510,000 | $ 1,510,000 | $ 1,411,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 397,000 | $ 397,000 | $ 450,000 |
| Austin-Round Rock, TX | 1 | $ 417,000 | $ 417,000 | $ 1,331,000 |
| Baltimore-Towson, MD | 1 | $ 417,000 | $ 417,000 | $ 2,086,000 |
| Camden, NJ | 1 | $ 1,496,000 | $ 1,496,000 | $ 582,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 391,000 | $ 391,000 | $ 0 |
| Columbus, OH | 1 | $ 417,000 | $ 417,000 | $ 614,000 |
| Flagstaff, AZ | 1 | $ 2,000,000 | $ 2,000,000 | $ 570,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 2,500,000 | $ 2,500,000 | $ 2,279,000 |
| Fresno, CA | 1 | $ 168,000 | $ 168,000 | $ 643,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 992,000 | $ 992,000 | $ 452,000 |
| Manchester-Nashua, NH | 1 | $ 1,260,000 | $ 1,260,000 | $ 7,749,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 1,011,000 | $ 1,011,000 | $ 888,000 |
| New Haven-Milford, CT | 1 | $ 94,000 | $ 94,000 | $ 212,000 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 410,000 | $ 410,000 | $ 628,000 |
| Norwich-New London, CT | 1 | $ 1,000,000 | $ 1,000,000 | $ 342,000 |
| Orlando-Kissimmee, FL | 1 | $ 1,100,000 | $ 1,100,000 | $ 408,000 |
| Pittsfield, MA | 1 | $ 417,000 | $ 417,000 | $ 875,000 |
| Provo-Orem, UT | 1 | $ 570,000 | $ 570,000 | $ 450,000 |
| Redding, CA | 1 | $ 349,000 | $ 349,000 | $ 1,012,000 |
| Rochester, MN | 1 | $ 288,000 | $ 288,000 | $ 158,000 |
| Salem, OR | 1 | $ 2,021,000 | $ 2,021,000 | $ 0 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 400,000 | $ 400,000 | $ 0 |
| St. George, UT | 1 | $ 825,000 | $ 825,000 | $ 7,476,000 |
| Stockton, CA | 1 | $ 105,000 | $ 105,000 | $ 332,000 |
| Tacoma, WA | 1 | $ 300,000 | $ 300,000 | $ 182,000 |
| Tallahassee, FL | 1 | $ 240,000 | $ 240,000 | $ 85,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 1,500,000 | $ 1,500,000 | $ 1,880,000 |
| Warren-Troy-Farmington Hills, MI | 1 | $ 176,000 | $ 176,000 | $ 127,000 |
| Worcester, MA | 1 | $ 417,000 | $ 417,000 | $ 866,000 |
Mortgage Loan Application Detail Totals for Merrill Lynch Bank & Trust FSB in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 2,731 | $2,231,797,000 | $817,000 | $10,450,000 | $514,000 | $9,600,000 |
| Home Purchase | 1,456 | $1,547,334,000 | $1,062,000 | $10,000,000 | $549,000 | $9,951,000 |
| Home Improvement | 117 | $102,805,000 | $878,000 | $6,000,000 | $407,000 | $2,532,000 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 1,965 | $1,891,031,000 | $962,000 | $10,450,000 | $622,000 | $9,951,000 |
| White | 1,856 | $1,551,383,000 | $835,000 | $7,700,000 | $497,000 | $7,476,000 |
| Not applicable | 213 | $243,226,000 | $1,141,000 | $10,000,000 | $0 | $0 |
| Asian | 197 | $146,124,000 | $741,000 | $6,035,000 | $415,000 | $9,600,000 |
| Hispanic | 47 | $26,756,000 | $569,000 | $2,080,000 | $236,000 | $1,110,000 |
| Black or African American | 18 | $18,256,000 | $1,014,000 | $5,500,000 | $567,000 | $2,300,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $3,837,000 | $639,000 | $1,415,000 | $201,000 | $809,000 |
| American Indian or Alaskan Native | 2 | $1,323,000 | $661,000 | $730,000 | $1,870,000 | $3,531,000 |
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) | 4,304 | $3,881,936,000 | $901,000 | $10,450,000 | $523,000 | $9,951,000 |
| 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 | 3,244 | $2,967,219,000 | $914,000 | $10,000,000 | $536,000 | $9,430,000 |
| Application Withdrawn By Applicant | 833 | $706,675,000 | $848,000 | $10,000,000 | $455,000 | $9,951,000 |
| Application Denied By Financial Institution | 100 | $86,303,000 | $863,000 | $5,000,000 | $372,000 | $3,994,000 |
| File Closed For Incompleteness | 77 | $63,294,000 | $822,000 | $3,500,000 | $750,000 | $9,600,000 |
| Application Approved But Not Accepted | 46 | $57,480,000 | $1,249,000 | $10,450,000 | $820,000 | $4,092,000 |
| Loan Purchased By The Institution | 4 | $965,000 | $241,000 | $250,000 | $55,000 | $69,000 |
| 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 | 39 | $29,578,000 | $758,000 | $2,100,000 | $201,000 | $1,000,000 |
| Collateral | 38 | $40,134,000 | $1,056,000 | $5,000,000 | $612,000 | $3,994,000 |
| Other | 15 | $9,211,000 | $614,000 | $2,600,000 | $303,000 | $798,000 |
| Credit History | 7 | $5,880,000 | $840,000 | $2,500,000 | $161,000 | $338,000 |
| Employment History | 1 | $1,500,000 | $1,500,000 | $1,500,000 | $396,000 | $396,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Merrill Lynch Bank & Trust FSB's 2009 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 Merrill Lynch Bank & Trust FSB'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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