Molton, Allen & Williams Mtg Mortgage Lending & HMDA Data, 2004
In 2004, Molton, Allen & Williams Mtg of Birmingham, AL reported 5,821 mortgage applications totaling $878.2 million, down 64% from 2003. The average application was for $150,875, and applicants reported an average income of $61,885. 76% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Tampa-St. Petersburg-Clearwater, FL (678), Virginia Beach-Norfolk-Newport News, VA-NC (646) and Atlanta-Sandy Springs-Marietta, GA (385) (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 | 5,821 |
| Total Mortgage Loan Application Amount | $878,249,000 |
| Average Mortgage Loan Application Amount | $150,875 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $61,885 |
| Highest Applicant Income | $936,000 |
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records Molton, Allen & Williams Mtg filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2004
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 | 2,973 | $471,640,000 | $175,500 | $1,000,000 | $67,333 | $936,000 |
| Home Purchase | 2,848 | $406,609,000 | $150,896 | $822,000 | $75,206 | $658,000 |
| Home Improvement | 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 | 4,293 | $651,418,000 | $150,133 | $822,000 | $68,500 | $936,000 |
| Black or African American | 652 | $87,565,000 | $135,173 | $619,000 | $43,304 | $267,000 |
| Not Provided | 339 | $50,760,000 | $152,800 | $732,000 | $70,400 | $417,000 |
| Hispanic | 329 | $49,925,000 | $204,111 | $1,000,000 | $58,666 | $281,000 |
| Asian | 136 | $28,646,000 | $164,230 | $600,000 | $69,000 | $286,000 |
| Native Hawaiian or Other Pacific Islander | 59 | $8,154,000 | $126,875 | $320,000 | $42,750 | $230,000 |
| American Indian or Alaskan Native | 13 | $1,781,000 | $120,625 | $310,000 | $44,500 | $89,000 |
| 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) | 3,772 | $616,661,000 | $189,580 | $1,000,000 | $82,741 | $936,000 |
| FHA-insured (Federal Housing Administration) | 1,532 | $185,907,000 | $120,413 | $332,000 | $37,344 | $250,000 |
| VA-guaranteed (Veterans Administration) | 517 | $75,681,000 | $142,388 | $289,000 | $49,333 | $164,000 |
| 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 | 4,441 | $677,361,000 | $177,100 | $1,000,000 | $73,366 | $936,000 |
| Application Approved But Not Accepted | 442 | $67,073,000 | $162,458 | $822,000 | $66,916 | $351,000 |
| Application Denied By Financial Institution | 420 | $58,848,000 | $131,500 | $732,000 | $51,150 | $319,000 |
| Application Withdrawn By Applicant | 210 | $31,782,000 | $154,391 | $527,000 | $66,434 | $428,000 |
| Loan Purchased By The Institution | 156 | $23,029,000 | $136,578 | $400,000 | $31,736 | $276,000 |
| File Closed For Incompleteness | 81 | $11,229,000 | $119,647 | $500,000 | $65,529 | $246,000 |
| Preapproval Denied by Financial Institution | 58 | $7,279,000 | $125,000 | $289,000 | $43,000 | $150,000 |
| Preapproval Approved but not Accepted | 13 | $1,648,000 | $126,000 | $189,000 | $64,000 | $81,000 |
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 | 187 | $24,712,000 | $138,062 | $440,000 | $50,375 | $222,000 |
| Debt-To-Income Ratio | 127 | $17,043,000 | $126,285 | $362,000 | $38,357 | $120,000 |
| Other | 43 | $6,971,000 | $133,857 | $732,000 | $67,785 | $300,000 |
| Collateral | 38 | $5,697,000 | $140,153 | $580,000 | $68,230 | $172,000 |
| Unverifiable Information | 23 | $3,371,000 | $202,833 | $538,000 | $65,333 | $233,000 |
| Employment History | 16 | $1,772,000 | $113,454 | $265,000 | $47,818 | $132,000 |
| Credit Application Incomplete | 8 | $953,000 | $119,000 | $156,000 | $55,000 | $91,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $599,000 | $199,666 | $210,000 | $54,333 | $81,000 |
| Mortgage Insurance Denied | 1 | $89,000 | $89,000 | $89,000 | $27,000 | $27,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Molton, Allen & Williams Mtg's 2004 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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