Metwest Mortgage & Services, I Mortgage Lending & HMDA Data, 2003
In 2003, Metwest Mortgage & Services, I of Spokane, WA reported 241 mortgage applications totaling $10.9 million. The average application was for $45,278, and applicants reported an average income of $75,970. 49% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Detroit, MI (7), Longview-Marshall, TX (7) and Houston, TX (6) (applications in parentheses).
| Mortgage Company & Address | Metwest Mortgage & Services, I 601 West 1st Avenue, Dept. 113100 Spokane, WA 99201 |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 241 |
| Total Mortgage Loan Application Amount | $10,912,000 |
| Average Mortgage Loan Application Amount | $45,278 |
| Highest Mortgage Loan Application Amount | $880,000 |
| Average Applicant Income | $75,970 |
| Highest Applicant Income | $4,800,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Metwest Mortgage & Services, I filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Detroit, MI | 7 | $ 286,000 | $ 40,857 | $ 68,000 |
| Longview-Marshall, TX | 7 | $ 194,000 | $ 27,714 | $ 26,000 |
| Houston, TX | 6 | $ 333,000 | $ 55,500 | $ 115,000 |
| Spokane, WA | 6 | $ 354,000 | $ 59,000 | $ 87,000 |
| Austin-San Marcos, TX | 5 | $ 252,000 | $ 50,400 | $ 60,000 |
| Fort Worth-Arlington, TX | 5 | $ 120,000 | $ 24,000 | $ 253,000 |
| Beaumont-Port Arthur, TX | 4 | $ 95,000 | $ 23,750 | $ 52,000 |
| Las Vegas, NV-AZ | 4 | $ 196,000 | $ 49,000 | $ 87,000 |
| McAllen-Edinburg-Mission, TX | 4 | $ 89,000 | $ 22,250 | $ 25,000 |
| Ocala, FL | 4 | $ 98,000 | $ 24,500 | $ 40,000 |
| Savannah, GA | 4 | $ 151,000 | $ 37,750 | $ 46,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 130,000 | $ 32,500 | $ 45,000 |
| Birmingham, AL | 3 | $ 72,000 | $ 24,000 | $ 17,000 |
| Dallas, TX | 3 | $ 102,000 | $ 34,000 | $ 50,000 |
| Amarillo, TX | 2 | $ 79,000 | $ 39,500 | $ 64,000 |
| Bremerton, WA | 2 | $ 110,000 | $ 55,000 | $ 39,000 |
| Chicago, IL | 2 | $ 228,000 | $ 114,000 | $ 45,000 |
| Columbia, SC | 2 | $ 90,000 | $ 45,000 | $ 25,000 |
| Great Falls, MT | 2 | $ 55,000 | $ 27,500 | $ 23,000 |
| Honolulu, HI | 2 | $ 1,202,000 | $ 601,000 | $ 2,440,000 |
| Little Rock-North Little Rock, AR | 2 | $ 9,000 | $ 4,500 | $ 17,000 |
| Odessa-Midland, TX | 2 | $ 48,000 | $ 24,000 | $ 38,000 |
| Oklahoma City, OK | 2 | $ 110,000 | $ 55,000 | $ 29,000 |
| Philadelphia, PA-NJ | 2 | $ 66,000 | $ 33,000 | $ 27,000 |
| Syracuse, NY | 2 | $ 46,000 | $ 23,000 | $ 25,000 |
| Tacoma, WA | 2 | $ 160,000 | $ 80,000 | $ 180,000 |
| Texarkana, TX-AR | 2 | $ 29,000 | $ 14,500 | $ 27,000 |
| Tucson, AZ | 2 | $ 93,000 | $ 46,500 | $ 21,000 |
| Yuma, AZ | 2 | $ 48,000 | $ 24,000 | $ 109,000 |
| Anniston, AL | 1 | $ 45,000 | $ 45,000 | $ 53,000 |
| Atlanta, GA | 1 | $ 170,000 | $ 170,000 | $ 24,000 |
| Corpus Christi, TX | 1 | $ 41,000 | $ 41,000 | $ 88,000 |
| Daytona Beach, FL | 1 | $ 28,000 | $ 28,000 | $ 28,000 |
| El Paso, TX | 1 | $ 38,000 | $ 38,000 | $ 105,000 |
| Flagstaff, AZ-UT | 1 | $ 19,000 | $ 19,000 | $ 98,000 |
| Fort Lauderdale, FL | 1 | $ 20,000 | $ 20,000 | $ 150,000 |
| Galveston-Texas City, TX | 1 | $ 30,000 | $ 30,000 | $ 114,000 |
| Hattiesburg, MS | 1 | $ 42,000 | $ 42,000 | $ 50,000 |
| Jackson, MI | 1 | $ 27,000 | $ 27,000 | $ 89,000 |
| Las Cruces, NM | 1 | $ 92,000 | $ 92,000 | $ 142,000 |
| Medford-Ashland, OR | 1 | $ 63,000 | $ 63,000 | $ 48,000 |
| Newburgh, NY-PA | 1 | $ 63,000 | $ 63,000 | $ 40,000 |
| Phoenix-Mesa, AZ | 1 | $ 26,000 | $ 26,000 | $ 36,000 |
| Portland-Vancouver, OR-WA | 1 | $ 297,000 | $ 297,000 | $ 120,000 |
| Salem, OR | 1 | $ 50,000 | $ 50,000 | $ 78,000 |
| San Antonio, TX | 1 | $ 22,000 | $ 22,000 | $ 39,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 44,000 | $ 44,000 | $ 38,000 |
| St. Louis, MO-IL | 1 | $ 20,000 | $ 20,000 | $ 21,000 |
| Tyler, TX | 1 | $ 20,000 | $ 20,000 | $ 42,000 |
| Wichita, KS | 1 | $ 39,000 | $ 39,000 | $ 0 |
| Yakima, WA | 1 | $ 40,000 | $ 40,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Metwest Mortgage & Services, I in 2003
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 (one-to-four family) | 241 | $10,912,000 | $66,310 | $880,000 | $127,275 | $4,800,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Refinancing (home purchase or home improvement, one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 113 | $5,524,000 | $76,958 | $880,000 | $250,541 | $4,800,000 |
| Information not provided by applicant in mail or telephone application | 78 | $3,272,000 | $54,115 | $322,000 | $36,115 | $267,000 |
| Hispanic | 23 | $736,000 | $41,750 | $75,000 | $70,000 | $170,000 |
| Black | 19 | $1,062,000 | $61,100 | $190,000 | $52,200 | $183,000 |
| American Indian or Alaskan Native | 4 | $147,000 | $31,000 | $89,000 | $76,333 | $264,000 |
| Asian or Pacific Islander | 2 | $71,000 | $35,000 | $38,000 | $61,000 | $105,000 |
| Other | 2 | $100,000 | $50,000 | $75,000 | $108,000 | $132,000 |
| 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) | 241 | $10,912,000 | $66,310 | $880,000 | $127,275 | $4,800,000 |
| 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 | 119 | $4,669,000 | $43,545 | $171,000 | $55,227 | $1,069,000 |
| Application Approved But Not Accepted | 90 | $4,284,000 | $76,434 | $880,000 | $243,000 | $4,800,000 |
| Application Denied By Financial Institution | 30 | $1,879,000 | $82,071 | $322,000 | $48,785 | $264,000 |
| Application Withdrawn By Applicant | 2 | $80,000 | $40,000 | $65,000 | $69,000 | $120,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Metwest Mortgage & Services, I's 2003 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 Metwest Mortgage & Services, I'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 Washington, download the full spreadsheet
with aggregated HMDA statistics today.
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