Molton, Allen & Williams Mtg Mortgage Lending & HMDA Data, 2006
In 2006, Molton, Allen & Williams Mtg of Birmingham, AL reported 3,311 mortgage applications totaling $517.6 million, down 48% from 2005. The average application was for $156,325, and applicants reported an average income of $64,933. 69% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Virginia Beach-Norfolk-Newport News, VA-NC (447), Atlanta-Sandy Springs-Marietta, GA (409) and Tampa-St. Petersburg-Clearwater, FL (209) (applications in parentheses).
| Mortgage Company & Address | Molton, Allen & Williams Mtg 1000 Urban Center Drive, Ste 500 Birmingham, AL 35242 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,311 |
| Total Mortgage Loan Application Amount | $517,594,000 |
| Average Mortgage Loan Application Amount | $156,325 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $64,933 |
| Highest Applicant Income | $1,392,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Molton, Allen & Williams Mtg filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Molton, Allen & Williams Mtg 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 | 2,040 | $303,883,000 | $148,000 | $1,000,000 | $63,000 | $1,392,000 |
| Refinancing | 1,268 | $213,193,000 | $168,000 | $1,000,000 | $68,000 | $400,000 |
| Home Improvement | 3 | $518,000 | $172,000 | $350,000 | $84,000 | $120,000 |
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 | 2,219 | $349,765,000 | $157,000 | $1,000,000 | $69,000 | $1,392,000 |
| Black or African American | 659 | $98,273,000 | $149,000 | $1,000,000 | $53,000 | $240,000 |
| Hispanic | 289 | $42,505,000 | $147,000 | $1,000,000 | $55,000 | $498,000 |
| Asian | 62 | $14,247,000 | $229,000 | $720,000 | $93,000 | $438,000 |
| Not applicable | 37 | $6,285,000 | $169,000 | $410,000 | $60,000 | $134,000 |
| Not Provided | 25 | $3,195,000 | $127,000 | $360,000 | $75,000 | $846,000 |
| Native Hawaiian or Other Pacific Islander | 14 | $2,659,000 | $189,000 | $337,000 | $84,000 | $134,000 |
| American Indian or Alaskan Native | 6 | $665,000 | $110,000 | $183,000 | $41,000 | $78,000 |
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) | 2,458 | $388,725,000 | $158,000 | $1,000,000 | $69,000 | $1,392,000 |
| FHA-insured (Federal Housing Administration) | 548 | $72,638,000 | $132,000 | $405,000 | $52,000 | $267,000 |
| VA-guaranteed (Veterans Administration) | 305 | $56,231,000 | $184,000 | $417,000 | $60,000 | $395,000 |
| 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 | 2,295 | $367,629,000 | $160,000 | $1,000,000 | $67,000 | $1,392,000 |
| File Closed For Incompleteness | 320 | $43,910,000 | $137,000 | $1,000,000 | $54,000 | $324,000 |
| Application Denied By Financial Institution | 299 | $42,505,000 | $142,000 | $1,000,000 | $64,000 | $498,000 |
| Application Withdrawn By Applicant | 187 | $29,998,000 | $160,000 | $975,000 | $58,000 | $258,000 |
| Application Approved But Not Accepted | 130 | $21,376,000 | $164,000 | $618,000 | $75,000 | $395,000 |
| Loan Purchased By The Institution | 37 | $6,285,000 | $169,000 | $410,000 | $60,000 | $134,000 |
| Preapproval Denied by Financial Institution | 35 | $4,812,000 | $137,000 | $416,000 | $47,000 | $106,000 |
| Preapproval Approved but not Accepted | 8 | $1,079,000 | $134,000 | $255,000 | $54,000 | $106,000 |
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 |
|---|---|---|---|---|---|---|
| Credit History | 137 | $17,776,000 | $129,000 | $433,000 | $51,000 | $204,000 |
| Debt-To-Income Ratio | 62 | $9,626,000 | $155,000 | $872,000 | $79,000 | $498,000 |
| Other | 59 | $8,296,000 | $140,000 | $587,000 | $56,000 | $182,000 |
| Collateral | 41 | $6,605,000 | $161,000 | $560,000 | $92,000 | $312,000 |
| Employment History | 12 | $2,637,000 | $219,000 | $1,000,000 | $49,000 | $138,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $1,131,000 | $102,000 | $302,000 | $45,000 | $198,000 |
| Unverifiable Information | 7 | $633,000 | $90,000 | $196,000 | $44,000 | $84,000 |
| Credit Application Incomplete | 4 | $361,000 | $90,000 | $145,000 | $112,000 | $238,000 |
| Mortgage Insurance Denied | 1 | $252,000 | $252,000 | $252,000 | $164,000 | $164,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Molton, Allen & Williams Mtg'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 Molton, Allen & Williams Mtg'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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with aggregated HMDA statistics today.
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