Merrill Lynch Bank & Trust FSB Mortgage Lending & HMDA Data, 2008
In 2008, Merrill Lynch Bank & Trust FSB of Westlake Village, CA reported 5,868 mortgage applications totaling $6.6 billion. The average application was for $1,117,725, and applicants reported an average income of $591,428. 72% of its applications resulted in an originated loan and 2% were denied. Its largest markets were San Francisco-San Mateo-Redwood City, CA (1,695), New York-White Plains-Wayne, NY-NJ (761) and Los Angeles-Long Beach-Glendale, CA (620) (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 | 5,868 |
| Total Mortgage Loan Application Amount | $6,558,811,000 |
| Average Mortgage Loan Application Amount | $1,117,725 |
| Highest Mortgage Loan Application Amount | $26,000,000 |
| Average Applicant Income | $591,428 |
| Highest Applicant Income | $9,999,000 |
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records Merrill Lynch Bank & Trust FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,695 | $ 2,003,230,000 | $ 1,181,846 | $ 459,000 |
| New York-White Plains-Wayne, NY-NJ | 761 | $ 1,022,517,000 | $ 1,343,649 | $ 958,936 |
| Los Angeles-Long Beach-Glendale, CA | 620 | $ 616,214,000 | $ 993,893 | $ 528,000 |
| Oakland-Fremont-Hayward, CA | 482 | $ 366,195,000 | $ 759,740 | $ 305,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 344 | $ 294,909,000 | $ 857,293 | $ 330,000 |
| San Diego-Carlsbad-San Marcos, CA | 299 | $ 342,209,000 | $ 1,144,511 | $ 299,000 |
| Santa Ana-Anaheim-Irvine, CA | 157 | $ 227,646,000 | $ 1,449,974 | $ 633,000 |
| Boston-Quincy, MA | 147 | $ 155,543,000 | $ 1,058,115 | $ 812,000 |
| Santa Rosa-Petaluma, CA | 128 | $ 113,613,000 | $ 887,601 | $ 543,000 |
| Nassau-Suffolk, NY | 88 | $ 141,533,000 | $ 1,608,329 | $ 1,403,000 |
| Cambridge-Newton-Framingham, MA | 84 | $ 70,492,000 | $ 839,190 | $ 397,000 |
| Bridgeport-Stamford-Norwalk, CT | 77 | $ 97,965,000 | $ 1,272,272 | $ 1,012,000 |
| Napa, CA | 72 | $ 89,790,000 | $ 1,247,083 | $ 608,000 |
| Portland-Vancouver-Beaverton, OR-WA | 71 | $ 51,583,000 | $ 726,521 | $ 306,309 |
| Las Vegas-Paradise, NV | 61 | $ 113,825,000 | $ 1,865,983 | $ 460,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 55 | $ 61,641,000 | $ 1,120,745 | $ 809,000 |
| Tacoma, WA | 55 | $ 10,830,000 | $ 196,909 | $ 9,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 53 | $ 83,047,000 | $ 1,566,924 | $ 991,000 |
| Riverside-San Bernardino-Ontario, CA | 49 | $ 51,916,000 | $ 1,059,510 | $ 1,141,000 |
| Salinas, CA | 33 | $ 53,438,000 | $ 1,619,333 | $ 597,000 |
| Peabody, MA | 30 | $ 15,700,000 | $ 523,333 | $ 280,000 |
| Newark-Union, NJ-PA | 22 | $ 21,390,000 | $ 972,272 | $ 777,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 21 | $ 26,283,000 | $ 1,251,571 | $ 454,000 |
| Seattle-Bellevue-Everett, WA | 19 | $ 15,387,000 | $ 809,842 | $ 371,000 |
| Phoenix-Mesa-Scottsdale, AZ | 18 | $ 9,894,000 | $ 549,666 | $ 503,000 |
| Edison-New Brunswick, NJ | 17 | $ 13,071,000 | $ 768,882 | $ 517,000 |
| Santa Cruz-Watsonville, CA | 17 | $ 12,667,000 | $ 745,117 | $ 333,000 |
| Salt Lake City, UT | 14 | $ 20,431,000 | $ 1,459,357 | $ 1,791,000 |
| Barnstable Town, MA | 13 | $ 17,328,000 | $ 1,332,923 | $ 1,495,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 13 | $ 13,779,000 | $ 1,059,923 | $ 857,461 |
| Vallejo-Fairfield, CA | 9 | $ 5,618,000 | $ 624,222 | $ 718,000 |
| Denver-Aurora, CO | 8 | $ 6,575,000 | $ 821,875 | $ 613,000 |
| Reno-Sparks, NV | 8 | $ 13,845,000 | $ 1,730,625 | $ 743,000 |
| Miami-Miami Beach-Kendall, FL | 7 | $ 6,865,000 | $ 980,714 | $ 1,061,000 |
| Providence-New Bedford-Fall River, RI-MA | 7 | $ 9,625,000 | $ 1,375,000 | $ 1,173,428 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 7 | $ 8,190,000 | $ 1,170,000 | $ 613,000 |
| Naples-Marco Island, FL | 6 | $ 6,927,000 | $ 1,154,500 | $ 1,426,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 6 | $ 8,324,000 | $ 1,387,333 | $ 2,162,000 |
| Albuquerque, NM | 5 | $ 1,019,000 | $ 203,800 | $ 707,000 |
| Chicago-Naperville-Joliet, IL | 5 | $ 5,072,000 | $ 1,014,400 | $ 476,000 |
| Pittsfield, MA | 5 | $ 6,959,000 | $ 1,391,800 | $ 1,871,000 |
| Santa Fe, NM | 5 | $ 3,325,000 | $ 665,000 | $ 445,000 |
| Trenton-Ewing, NJ | 5 | $ 3,243,000 | $ 648,600 | $ 3,038,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 710,000 | $ 177,500 | $ 246,000 |
| Austin-Round Rock, TX | 4 | $ 2,958,000 | $ 739,500 | $ 550,000 |
| Charleston-North Charleston-Summerville, SC | 4 | $ 3,724,000 | $ 931,000 | $ 776,000 |
| Dallas-Plano-Irving, TX | 4 | $ 5,877,000 | $ 1,469,250 | $ 877,000 |
| Eugene-Springfield, OR | 4 | $ 2,306,000 | $ 576,500 | $ 74,000 |
| Portland-South Portland-Biddeford, ME | 4 | $ 4,655,000 | $ 1,163,750 | $ 632,000 |
| Bakersfield, CA | 3 | $ 850,000 | $ 283,333 | $ 221,000 |
| Bethesda-Frederick-Gaithersburg, MD | 3 | $ 1,995,000 | $ 665,000 | $ 221,000 |
| Cape Coral-Fort Myers, FL | 3 | $ 3,371,000 | $ 1,123,666 | $ 612,000 |
| Honolulu, HI | 3 | $ 5,470,000 | $ 1,823,333 | $ 233,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 2,235,000 | $ 745,000 | $ 197,000 |
| Salem, OR | 3 | $ 12,472,000 | $ 4,157,333 | $ 0 |
| San Luis Obispo-Paso Robles, CA | 3 | $ 2,431,000 | $ 810,333 | $ 645,000 |
| Worcester, MA | 3 | $ 1,203,000 | $ 401,000 | $ 471,000 |
| Bend, OR | 2 | $ 1,015,000 | $ 507,500 | $ 787,000 |
| Bradenton-Sarasota-Venice, FL | 2 | $ 613,000 | $ 306,500 | $ 343,000 |
| Cleveland-Elyria-Mentor, OH | 2 | $ 1,160,000 | $ 580,000 | $ 435,000 |
| Durham, NC | 2 | $ 1,540,000 | $ 770,000 | $ 708,000 |
| Manchester-Nashua, NH | 2 | $ 2,175,000 | $ 1,087,500 | $ 3,997,000 |
| Modesto, CA | 2 | $ 362,000 | $ 181,000 | $ 944,000 |
| Philadelphia, PA | 2 | $ 1,690,000 | $ 845,000 | $ 449,000 |
| Port St. Lucie, FL | 2 | $ 1,120,000 | $ 560,000 | $ 528,000 |
| Spokane, WA | 2 | $ 3,410,000 | $ 1,705,000 | $ 50,000 |
| Springfield, MA | 2 | $ 1,050,000 | $ 525,000 | $ 259,000 |
| St. Louis, MO-IL | 2 | $ 4,033,000 | $ 2,016,500 | $ 3,003,000 |
| Stockton, CA | 2 | $ 563,000 | $ 281,500 | $ 2,353,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 1,100,000 | $ 550,000 | $ 255,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 790,000 | $ 395,000 | $ 288,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 2,254,000 | $ 1,127,000 | $ 598,000 |
| Yakima, WA | 2 | $ 344,000 | $ 172,000 | $ 374,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 296,000 | $ 296,000 | $ 179,000 |
| Ann Arbor, MI | 1 | $ 2,275,000 | $ 2,275,000 | $ 2,424,000 |
| Boulder, CO | 1 | $ 280,000 | $ 280,000 | $ 291,000 |
| Camden, NJ | 1 | $ 864,000 | $ 864,000 | $ 246,000 |
| Chico, CA | 1 | $ 349,000 | $ 349,000 | $ 0 |
| Davenport-Moline-Rock Island, IA-IL | 1 | $ 55,000 | $ 55,000 | $ 257,000 |
| Erie, PA | 1 | $ 840,000 | $ 840,000 | $ 927,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 660,000 | $ 660,000 | $ 453,000 |
| Fort Worth-Arlington, TX | 1 | $ 1,068,000 | $ 1,068,000 | $ 5,656,000 |
| Fresno, CA | 1 | $ 750,000 | $ 750,000 | $ 0 |
| Harrisburg-Carlisle, PA | 1 | $ 179,000 | $ 179,000 | $ 2,169,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 62,000 | $ 62,000 | $ 676,000 |
| Jacksonville, FL | 1 | $ 770,000 | $ 770,000 | $ 682,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 503,000 | $ 503,000 | $ 499,000 |
| Memphis, TN-MS-AR | 1 | $ 566,000 | $ 566,000 | $ 4,275,000 |
| Merced, CA | 1 | $ 84,000 | $ 84,000 | $ 216,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 1,200,000 | $ 1,200,000 | $ 554,000 |
| New Haven-Milford, CT | 1 | $ 1,495,000 | $ 1,495,000 | $ 456,000 |
| Norwich-New London, CT | 1 | $ 1,000,000 | $ 1,000,000 | $ 1,425,000 |
| Ocean City, NJ | 1 | $ 1,000,000 | $ 1,000,000 | $ 692,000 |
| Ogden-Clearfield, UT | 1 | $ 105,000 | $ 105,000 | $ 47,000 |
| Oklahoma City, OK | 1 | $ 417,000 | $ 417,000 | $ 165,000 |
| Redding, CA | 1 | $ 378,000 | $ 378,000 | $ 470,000 |
| Rochester, NY | 1 | $ 200,000 | $ 200,000 | $ 244,000 |
| Rockingham County-Strafford County, NH | 1 | $ 1,500,000 | $ 1,500,000 | $ 349,000 |
| San Antonio, TX | 1 | $ 567,000 | $ 567,000 | $ 8,400,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 379,000 | $ 379,000 | $ 257,000 |
| Spartanburg, SC | 1 | $ 900,000 | $ 900,000 | $ 408,000 |
| St. George, UT | 1 | $ 417,000 | $ 417,000 | $ 251,000 |
| Tucson, AZ | 1 | $ 700,000 | $ 700,000 | $ 231,000 |
Mortgage Loan Application Detail Totals for Merrill Lynch Bank & Trust FSB in 2008
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 | 3,173 | $3,467,914,000 | $1,092,000 | $20,150,000 | $572,000 | $9,999,000 |
| Refinancing | 2,522 | $2,848,659,000 | $1,129,000 | $26,000,000 | $617,000 | $9,999,000 |
| Home Improvement | 173 | $242,238,000 | $1,400,000 | $10,000,000 | $575,000 | $9,198,000 |
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 | 2,185 | $2,484,886,000 | $1,137,000 | $20,000,000 | $674,000 | $9,999,000 |
| Not Provided | 2,178 | $2,703,783,000 | $1,241,000 | $20,150,000 | $847,000 | $9,999,000 |
| Not applicable | 1,221 | $1,112,512,000 | $911,000 | $26,000,000 | $18,000 | $9,999,000 |
| Asian | 195 | $185,617,000 | $951,000 | $4,770,000 | $351,000 | $2,598,000 |
| Hispanic | 48 | $38,353,000 | $799,000 | $2,800,000 | $296,000 | $1,318,000 |
| Native Hawaiian or Other Pacific Islander | 20 | $14,013,000 | $700,000 | $2,503,000 | $892,000 | $1,246,000 |
| Black or African American | 18 | $17,129,000 | $951,000 | $3,000,000 | $1,537,000 | $9,999,000 |
| American Indian or Alaskan Native | 3 | $2,518,000 | $839,000 | $1,500,000 | $587,000 | $1,250,000 |
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) | 5,868 | $6,558,811,000 | $1,117,000 | $26,000,000 | $591,000 | $9,999,000 |
| 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 | 4,227 | $4,974,936,000 | $1,176,000 | $26,000,000 | $657,000 | $9,999,000 |
| Application Withdrawn By Applicant | 697 | $1,015,597,000 | $1,457,000 | $20,150,000 | $688,000 | $9,999,000 |
| Loan Purchased By The Institution | 610 | $170,119,000 | $278,000 | $3,496,000 | $0 | $0 |
| Application Approved But Not Accepted | 155 | $195,640,000 | $1,262,000 | $7,700,000 | $783,000 | $9,999,000 |
| Application Denied By Financial Institution | 102 | $117,376,000 | $1,150,000 | $5,800,000 | $470,000 | $5,500,000 |
| File Closed For Incompleteness | 77 | $85,143,000 | $1,105,000 | $6,500,000 | $554,000 | $5,240,000 |
| 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 | 65 | $73,563,000 | $1,131,000 | $5,490,000 | $208,000 | $2,178,000 |
| Collateral | 25 | $18,248,000 | $729,000 | $2,500,000 | $773,000 | $1,901,000 |
| Other | 6 | $10,640,000 | $1,773,000 | $3,400,000 | $607,000 | $1,504,000 |
| Credit History | 4 | $12,885,000 | $3,221,000 | $5,800,000 | $2,794,000 | $5,500,000 |
| Unverifiable Information | 1 | $1,500,000 | $1,500,000 | $1,500,000 | $205,000 | $205,000 |
| Employment History | 1 | $540,000 | $540,000 | $540,000 | $25,000 | $25,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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 2008 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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