Montgomery Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Montgomery Bank & Trust of Ailey, GA reported 459 mortgage applications totaling $28.0 million. The average application was for $61,106, and applicants reported an average income of $64,588. 97% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Brunswick, GA (13), Atlanta-Sandy Springs-Marietta, GA (3) and Athens-Clarke County, GA (1) (applications in parentheses).
| Mortgage Company & Address | Montgomery Bank & Trust 125 South Lee Street Ailey, GA 30410 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 459 |
| Total Mortgage Loan Application Amount | $28,048,000 |
| Average Mortgage Loan Application Amount | $61,106 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $64,588 |
| Highest Applicant Income | $1,338,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Montgomery Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Toombs, Georgia | 272 | $ 14,944,000 | $ 54,941 | $ 60,000 |
| Montgomery, Georgia | 78 | $ 2,932,000 | $ 37,589 | $ 49,000 |
| Treutlen, Georgia | 24 | $ 630,000 | $ 26,250 | $ 53,000 |
| Wheeler, Georgia | 14 | $ 546,000 | $ 39,000 | $ 62,000 |
| Emanuel, Georgia | 11 | $ 399,000 | $ 36,272 | $ 62,000 |
| Glynn, Georgia | 9 | $ 1,493,000 | $ 165,888 | $ 127,000 |
| Putnam, Georgia | 7 | $ 1,024,000 | $ 146,285 | $ 97,000 |
| Tattnall, Georgia | 7 | $ 192,000 | $ 27,428 | $ 55,000 |
| Evans, Georgia | 6 | $ 204,000 | $ 34,000 | $ 64,000 |
| Appling, Georgia | 5 | $ 252,000 | $ 50,400 | $ 52,000 |
| Bulloch, Georgia | 5 | $ 456,000 | $ 91,200 | $ 27,000 |
| McIntosh, Georgia | 3 | $ 1,451,000 | $ 483,666 | $ 509,000 |
| Baldwin, Georgia | 2 | $ 394,000 | $ 197,000 | $ 114,000 |
| Camden, Georgia | 2 | $ 724,000 | $ 362,000 | $ 164,000 |
| Mobile, Alabama | 1 | $ 59,000 | $ 59,000 | $ 105,000 |
| Volusia, Florida | 1 | $ 6,000 | $ 6,000 | $ 102,000 |
| Bibb, Georgia | 1 | $ 707,000 | $ 707,000 | $ 0 |
| Brantley, Georgia | 1 | $ 70,000 | $ 70,000 | $ 27,000 |
| Candler, Georgia | 1 | $ 151,000 | $ 151,000 | $ 77,000 |
| Chatham, Georgia | 1 | $ 191,000 | $ 191,000 | $ 305,000 |
| Clayton, Georgia | 1 | $ 36,000 | $ 36,000 | $ 75,000 |
| Fulton, Georgia | 1 | $ 235,000 | $ 235,000 | $ 28,000 |
| Gwinnett, Georgia | 1 | $ 161,000 | $ 161,000 | $ 574,000 |
| Hancock, Georgia | 1 | $ 145,000 | $ 145,000 | $ 60,000 |
| Jeff Davis, Georgia | 1 | $ 15,000 | $ 15,000 | $ 52,000 |
| Liberty, Georgia | 1 | $ 43,000 | $ 43,000 | $ 0 |
| Madison, Georgia | 1 | $ 288,000 | $ 288,000 | $ 104,000 |
| Marion, Georgia | 1 | $ 300,000 | $ 300,000 | $ 58,000 |
Mortgage Loan Application Detail Totals for Montgomery Bank & Trust in 2007
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 | 293 | $18,194,000 | $62,000 | $1,000,000 | $68,000 | $1,338,000 |
| Home Purchase | 101 | $6,922,000 | $68,000 | $300,000 | $57,000 | $574,000 |
| Home Improvement | 65 | $2,932,000 | $45,000 | $156,000 | $61,000 | $302,000 |
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 | 379 | $23,385,000 | $61,000 | $1,000,000 | $68,000 | $1,338,000 |
| Black or African American | 45 | $1,879,000 | $41,000 | $300,000 | $53,000 | $214,000 |
| Not applicable | 22 | $2,186,000 | $99,000 | $364,000 | $9,000 | $218,000 |
| Hispanic | 10 | $386,000 | $38,000 | $161,000 | $109,000 | $574,000 |
| Asian | 2 | $198,000 | $99,000 | $120,000 | $118,000 | $200,000 |
| Not Provided | 1 | $14,000 | $14,000 | $14,000 | $16,000 | $16,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 459 | $28,048,000 | $61,000 | $1,000,000 | $65,000 | $1,338,000 |
| 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 | 444 | $26,925,000 | $60,000 | $1,000,000 | $65,000 | $1,338,000 |
| Application Denied By Financial Institution | 8 | $420,000 | $52,000 | $120,000 | $53,000 | $210,000 |
| Application Withdrawn By Applicant | 4 | $362,000 | $90,000 | $175,000 | $46,000 | $83,000 |
| Application Approved But Not Accepted | 3 | $341,000 | $113,000 | $300,000 | $30,000 | $58,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial 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 Montgomery Bank & Trust's 2007 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 Montgomery Bank & Trust'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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