Molton, Allen & Williams Mtg Mortgage Lending & HMDA Data, 2005
In 2005, Molton, Allen & Williams Mtg of Birmingham, AL reported 6,356 mortgage applications totaling $990.6 million, up 9% from 2004. The average application was for $155,857, and applicants reported an average income of $66,461. 71% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Tampa-St. Petersburg-Clearwater, FL (758), Virginia Beach-Norfolk-Newport News, VA-NC (651) and Oklahoma City, OK (255) (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 | 6,356 |
| Total Mortgage Loan Application Amount | $990,633,000 |
| Average Mortgage Loan Application Amount | $155,857 |
| Highest Mortgage Loan Application Amount | $2,141,000 |
| Average Applicant Income | $66,461 |
| Highest Applicant Income | $2,975,000 |
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records Molton, Allen & Williams Mtg filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2005
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 | 3,820 | $554,882,000 | $158,148 | $2,141,000 | $66,518 | $2,975,000 |
| Refinancing | 2,526 | $434,262,000 | $153,206 | $1,000,000 | $61,586 | $699,000 |
| Home Improvement | 10 | $1,489,000 | $147,200 | $210,000 | $50,000 | $89,000 |
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 | 4,645 | $732,913,000 | $156,172 | $2,141,000 | $66,137 | $2,975,000 |
| Black or African American | 798 | $112,273,000 | $138,333 | $650,000 | $53,416 | $334,000 |
| Hispanic | 488 | $75,029,000 | $130,578 | $768,000 | $48,894 | $322,000 |
| Asian | 159 | $29,919,000 | $166,400 | $732,000 | $83,200 | $2,250,000 |
| Not applicable | 113 | $15,522,000 | $138,250 | $315,000 | $60,125 | $238,000 |
| Not Provided | 106 | $18,860,000 | $175,333 | $820,000 | $88,933 | $524,000 |
| American Indian or Alaskan Native | 32 | $4,001,000 | $146,083 | $324,000 | $57,000 | $160,000 |
| Native Hawaiian or Other Pacific Islander | 15 | $2,116,000 | $178,250 | $317,000 | $70,250 | $126,000 |
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) | 4,378 | $731,876,000 | $159,275 | $2,141,000 | $71,379 | $2,975,000 |
| FHA-insured (Federal Housing Administration) | 1,408 | $165,014,000 | $125,782 | $355,000 | $47,956 | $426,000 |
| VA-guaranteed (Veterans Administration) | 570 | $93,743,000 | $154,222 | $362,000 | $50,500 | $155,000 |
| 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 | 4,522 | $711,958,000 | $151,392 | $1,000,000 | $64,428 | $2,975,000 |
| Application Denied By Financial Institution | 667 | $96,832,000 | $144,272 | $1,000,000 | $65,272 | $680,000 |
| Application Approved But Not Accepted | 400 | $63,787,000 | $141,736 | $1,000,000 | $61,526 | $663,000 |
| File Closed For Incompleteness | 323 | $53,065,000 | $167,590 | $640,000 | $72,500 | $420,000 |
| Application Withdrawn By Applicant | 145 | $24,791,000 | $130,750 | $2,141,000 | $64,187 | $1,200,000 |
| Preapproval Approved but not Accepted | 119 | $16,517,000 | $106,000 | $608,000 | $39,750 | $157,000 |
| Loan Purchased By The Institution | 113 | $15,522,000 | $138,250 | $315,000 | $60,125 | $238,000 |
| Preapproval Denied by Financial Institution | 67 | $8,161,000 | $84,000 | $253,000 | $33,000 | $96,000 |
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 | 288 | $35,988,000 | $129,388 | $476,000 | $50,000 | $158,000 |
| Debt-To-Income Ratio | 127 | $19,791,000 | $141,470 | $1,000,000 | $46,235 | $567,000 |
| Collateral | 100 | $15,205,000 | $144,714 | $600,000 | $62,714 | $223,000 |
| Other | 98 | $15,359,000 | $146,214 | $1,000,000 | $81,857 | $360,000 |
| Unverifiable Information | 52 | $8,140,000 | $143,000 | $820,000 | $59,000 | $680,000 |
| Credit Application Incomplete | 31 | $5,439,000 | $167,666 | $465,000 | $82,500 | $213,000 |
| Employment History | 28 | $3,436,000 | $130,000 | $300,000 | $41,909 | $74,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $758,000 | $125,800 | $285,000 | $77,800 | $178,000 |
| Mortgage Insurance Denied | 3 | $877,000 | $349,000 | $520,000 | $154,500 | $301,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Molton, Allen & Williams Mtg's 2005 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.
For a list of all lenders in Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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