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records Merrill Lynch Bank & Trust FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
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.
For a list of all lenders in California, download the full spreadsheet
with aggregated HMDA statistics today.
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