Molton, Allen & Williams Mtg Mortgage Lending & HMDA Data, 2003
In 2003, Molton, Allen & Williams Mtg of Birmingham, AL reported 16,395 mortgage applications totaling $2.3 billion. The average application was for $143,200, and applicants reported an average income of $51,377. 77% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Norfolk-Virginia Beach-Newport News, VA-NC (2,210), Tampa-St. Petersburg-Clearwater, FL (1,074) and Atlanta, GA (961) (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 | 16,395 |
| Total Mortgage Loan Application Amount | $2,347,768,000 |
| Average Mortgage Loan Application Amount | $143,200 |
| Highest Mortgage Loan Application Amount | $715,000 |
| Average Applicant Income | $51,377 |
| Highest Applicant Income | $819,000 |
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records Molton, Allen & Williams Mtg filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Refinancing (home purchase or home improvement, one-to-four family) | 12,746 | $1,862,045,000 | $134,516 | $715,000 | $50,161 | $819,000 |
| Home Purchase (one-to-four family) | 3,649 | $485,723,000 | $133,185 | $658,000 | $55,074 | $584,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 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 | 11,258 | $1,617,775,000 | $141,032 | $715,000 | $55,096 | $819,000 |
| Information not provided by applicant in mail or telephone application | 2,374 | $336,258,000 | $134,222 | $700,000 | $42,851 | $382,000 |
| Black | 1,435 | $188,972,000 | $113,400 | $385,000 | $42,120 | $720,000 |
| Hispanic | 748 | $103,038,000 | $119,380 | $633,000 | $41,571 | $570,000 |
| Asian or Pacific Islander | 461 | $83,915,000 | $151,187 | $625,000 | $65,312 | $300,000 |
| Other | 75 | $11,790,000 | $145,727 | $400,000 | $45,000 | $194,000 |
| American Indian or Alaskan Native | 32 | $4,582,000 | $134,000 | $320,000 | $38,090 | $155,000 |
| Not applicable | 12 | $1,438,000 | $118,750 | $146,000 | $58,500 | $95,000 |
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) | 10,950 | $1,652,232,000 | $142,551 | $715,000 | $68,482 | $819,000 |
| FHA-insured (Federal Housing Administration) | 3,453 | $413,911,000 | $114,666 | $325,000 | $34,000 | $328,000 |
| VA-guaranteed (Veterans Administration) | 1,992 | $281,625,000 | $121,652 | $304,000 | $25,565 | $167,000 |
| 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 | 12,555 | $1,810,161,000 | $135,096 | $715,000 | $50,870 | $819,000 |
| Application Approved But Not Accepted | 1,219 | $177,998,000 | $128,000 | $597,000 | $51,160 | $400,000 |
| Application Denied By Financial Institution | 1,038 | $137,334,000 | $125,000 | $650,000 | $48,440 | $570,000 |
| Application Withdrawn By Applicant | 1,017 | $142,646,000 | $136,360 | $645,000 | $45,680 | $732,000 |
| File Closed For Incompleteness | 316 | $46,357,000 | $149,277 | $700,000 | $53,333 | $383,000 |
| Loan Purchased By The Institution | 250 | $33,272,000 | $124,555 | $365,000 | $75,666 | $421,000 |
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 | 409 | $52,230,000 | $132,250 | $438,000 | $49,208 | $444,000 |
| Debt-To-Income Ratio | 259 | $35,682,000 | $118,823 | $650,000 | $46,058 | $337,000 |
| Other | 153 | $21,402,000 | $127,117 | $424,000 | $55,588 | $570,000 |
| Collateral | 110 | $13,802,000 | $126,705 | $488,000 | $68,176 | $225,000 |
| Credit Application Incomplete | 35 | $4,642,000 | $123,500 | $323,000 | $37,875 | $240,000 |
| Employment History | 24 | $2,630,000 | $99,615 | $320,000 | $40,538 | $182,000 |
| Unverifiable Information | 17 | $2,613,000 | $134,125 | $309,000 | $50,000 | $134,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $463,000 | $105,000 | $196,000 | $58,666 | $73,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Molton, Allen & Williams Mtg'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 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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