Nationwide Bank Mortgage Lending & HMDA Data, 2008

In 2008, Nationwide Bank of Columbus, OH reported 846 mortgage applications totaling $32.8 million, up 392% from 2007. The average application was for $38,738, and applicants reported an average income of $82,313. 23% of its applications resulted in an originated loan and 71% were denied. Its largest markets were Columbus, OH (119), Atlanta-Sandy Springs-Marietta, GA (23) and Des Moines-West Des Moines, IA (22) (applications in parentheses).

Mortgage Company & Address Nationwide Bank
One Nationwide Plaza, 2-14-05
Columbus, OH 43215
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  
Total Number of Mortgage Applications 846
Total Mortgage Loan Application Amount $32,773,000
Average Mortgage Loan Application Amount $38,738
Highest Mortgage Loan Application Amount $777,000
Average Applicant Income $82,313
Highest Applicant Income $820,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Nationwide Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Nationwide Bank by Metropolitan Area in 2008

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Columbus, OH 119 $ 3,582,000 $ 30,100 $ 94,000
Atlanta-Sandy Springs-Marietta, GA 23 $ 661,000 $ 28,739 $ 107,000
Des Moines-West Des Moines, IA 22 $ 548,000 $ 24,909 $ 77,000
Philadelphia, PA 22 $ 803,000 $ 36,500 $ 103,000
Phoenix-Mesa-Scottsdale, AZ 21 $ 1,023,000 $ 48,714 $ 97,000
Charlotte-Gastonia-Concord, NC-SC 17 $ 770,000 $ 45,294 $ 63,941
Washington-Arlington-Alexandria, DC-VA-MD-WV 17 $ 1,070,000 $ 62,941 $ 110,352
Baltimore-Towson, MD 15 $ 1,147,000 $ 76,466 $ 80,000
Cleveland-Elyria-Mentor, OH 14 $ 600,000 $ 42,857 $ 65,000
New York-White Plains-Wayne, NY-NJ 13 $ 1,876,000 $ 144,307 $ 220,000
Pittsburgh, PA 13 $ 502,000 $ 38,615 $ 78,000
Columbia, SC 11 $ 191,000 $ 17,363 $ 38,000
Gainesville, FL 11 $ 243,000 $ 22,090 $ 71,000
Chicago-Naperville-Joliet, IL 10 $ 135,000 $ 13,500 $ 86,000
Memphis, TN-MS-AR 10 $ 306,000 $ 30,600 $ 57,400
Houston-Sugar Land-Baytown, TX 9 $ 386,000 $ 42,888 $ 74,000
Raleigh-Cary, NC 8 $ 218,000 $ 27,250 $ 68,000
Virginia Beach-Norfolk-Newport News, VA-NC 8 $ 434,000 $ 54,250 $ 62,250
York-Hanover, PA 8 $ 452,000 $ 56,500 $ 88,000
Canton-Massillon, OH 7 $ 229,000 $ 32,714 $ 75,000
Harrisburg-Carlisle, PA 7 $ 142,000 $ 20,285 $ 72,000
Cincinnati-Middletown, OH-KY-IN 6 $ 367,000 $ 61,166 $ 76,500
Dayton, OH 6 $ 147,000 $ 24,500 $ 119,000
Greensboro-High Point, NC 6 $ 224,000 $ 37,333 $ 63,000
Los Angeles-Long Beach-Glendale, CA 6 $ 279,000 $ 46,500 $ 161,000
Allentown-Bethlehem-Easton, PA-NJ 5 $ 589,000 $ 117,800 $ 98,000
Birmingham-Hoover, AL 5 $ 90,000 $ 18,000 $ 56,000
Charleston-North Charleston-Summerville, SC 5 $ 70,000 $ 14,000 $ 34,000
Dallas-Plano-Irving, TX 5 $ 224,000 $ 44,800 $ 114,000
Durham, NC 5 $ 200,000 $ 40,000 $ 82,000
Edison-New Brunswick, NJ 5 $ 271,000 $ 54,200 $ 80,000
Nassau-Suffolk, NY 5 $ 421,000 $ 84,200 $ 201,000
Wilmington, DE-MD-NJ 5 $ 230,000 $ 46,000 $ 157,000
Youngstown-Warren-Boardman, OH-PA 5 $ 74,000 $ 14,800 $ 70,000
Dover, DE 4 $ 215,000 $ 53,750 $ 73,000
Fayetteville, NC 4 $ 89,000 $ 22,250 $ 32,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 4 $ 110,000 $ 27,500 $ 148,000
Hickory-Lenoir-Morganton, NC 4 $ 63,000 $ 15,750 $ 84,000
Jackson, MS 4 $ 142,000 $ 35,500 $ 84,000
Las Vegas-Paradise, NV 4 $ 582,000 $ 145,500 $ 123,000
New Haven-Milford, CT 4 $ 95,000 $ 23,750 $ 73,000
Newark-Union, NJ-PA 4 $ 320,000 $ 80,000 $ 103,500
Portland-Vancouver-Beaverton, OR-WA 4 $ 116,000 $ 29,000 $ 83,500
Providence-New Bedford-Fall River, RI-MA 4 $ 118,000 $ 29,500 $ 88,000
Richmond, VA 4 $ 231,000 $ 57,750 $ 42,000
Sacramento--Arden-Arcade--Roseville, CA 4 $ 91,000 $ 22,750 $ 92,000
San Antonio, TX 4 $ 49,000 $ 12,250 $ 40,000
Tampa-St. Petersburg-Clearwater, FL 4 $ 109,000 $ 27,250 $ 68,000
Wheeling, WV-OH 4 $ 43,000 $ 10,750 $ 58,250
Wilmington, NC 4 $ 150,000 $ 37,500 $ 60,000
Winston-Salem, NC 4 $ 59,000 $ 14,750 $ 47,000
Bethesda-Frederick-Gaithersburg, MD 3 $ 292,000 $ 97,333 $ 140,000
Buffalo-Niagara Falls, NY 3 $ 115,000 $ 38,333 $ 71,000
Denver-Aurora, CO 3 $ 118,000 $ 39,333 $ 85,000
Greenville-Mauldin-Easley, SC 3 $ 105,000 $ 35,000 $ 65,000
Hartford-West Hartford-East Hartford, CT 3 $ 58,000 $ 19,333 $ 78,000
Jacksonville, NC 3 $ 135,000 $ 45,000 $ 54,000
Louisville-Jefferson County, KY-IN 3 $ 246,000 $ 82,000 $ 49,000
Lynchburg, VA 3 $ 7,000 $ 2,333 $ 40,000
Nashville-Davidson--Murfreesboro--Franklin, TN 3 $ 334,000 $ 111,333 $ 66,000
Oklahoma City, OK 3 $ 115,000 $ 38,333 $ 76,000
Riverside-San Bernardino-Ontario, CA 3 $ 63,000 $ 21,000 $ 154,000
Santa Ana-Anaheim-Irvine, CA 3 $ 75,000 $ 25,000 $ 68,000
Seattle-Bellevue-Everett, WA 3 $ 177,000 $ 59,000 $ 65,000
Shreveport-Bossier City, LA 3 $ 52,000 $ 17,333 $ 63,000
Akron, OH 2 $ 40,000 $ 20,000 $ 67,000
Asheville, NC 2 $ 255,000 $ 127,500 $ 55,000
Bridgeport-Stamford-Norwalk, CT 2 $ 60,000 $ 30,000 $ 47,000
Charleston, WV 2 $ 244,000 $ 122,000 $ 89,000
Columbus, GA-AL 2 $ 51,000 $ 25,500 $ 23,000
Detroit-Livonia-Dearborn, MI 2 $ 45,000 $ 22,500 $ 42,000
Fayetteville-Springdale-Rogers, AR-MO 2 $ 13,000 $ 6,500 $ 57,000
Flint, MI 2 $ 53,000 $ 26,500 $ 52,000
Fort Worth-Arlington, TX 2 $ 26,000 $ 13,000 $ 51,000
Huntsville, AL 2 $ 22,000 $ 11,000 $ 24,000
Indianapolis-Carmel, IN 2 $ 28,000 $ 14,000 $ 67,000
Kansas City, MO-KS 2 $ 48,000 $ 24,000 $ 67,000
Kingsport-Bristol-Bristol, TN-VA 2 $ 25,000 $ 12,500 $ 39,500
Lancaster, PA 2 $ 99,000 $ 49,500 $ 88,000
Lincoln, NE 2 $ 32,000 $ 16,000 $ 88,000
Little Rock-North Little Rock-Conway, AR 2 $ 83,000 $ 41,500 $ 126,000
Minneapolis-St. Paul-Bloomington, MN-WI 2 $ 25,000 $ 12,500 $ 70,000
Myrtle Beach-North Myrtle Beach-Conway, SC 2 $ 30,000 $ 15,000 $ 58,000
Ogden-Clearfield, UT 2 $ 35,000 $ 17,500 $ 45,000
Omaha-Council Bluffs, NE-IA 2 $ 38,000 $ 19,000 $ 169,000
Palm Bay-Melbourne-Titusville, FL 2 $ 140,000 $ 70,000 $ 105,000
Reno-Sparks, NV 2 $ 118,000 $ 59,000 $ 61,000
Rochester, NY 2 $ 104,000 $ 52,000 $ 200,000
San Diego-Carlsbad-San Marcos, CA 2 $ 434,000 $ 217,000 $ 315,000
Scranton--Wilkes-Barre, PA 2 $ 94,000 $ 47,000 $ 105,000
Sioux City, IA-NE-SD 2 $ 17,000 $ 8,500 $ 37,000
Sumter, SC 2 $ 26,000 $ 13,000 $ 61,000
West Palm Beach-Boca Raton-Boynton Beach, FL 2 $ 80,000 $ 40,000 $ 84,000
Albany-Schenectady-Troy, NY 1 $ 7,000 $ 7,000 $ 52,000
Albuquerque, NM 1 $ 40,000 $ 40,000 $ 63,000
Anderson, SC 1 $ 14,000 $ 14,000 $ 32,000
Anniston-Oxford, AL 1 $ 24,000 $ 24,000 $ 34,000
Athens-Clarke County, GA 1 $ 30,000 $ 30,000 $ 20,000
Atlantic City-Hammonton, NJ 1 $ 25,000 $ 25,000 $ 64,000
Augusta-Richmond County, GA-SC 1 $ 61,000 $ 61,000 $ 50,000
Austin-Round Rock, TX 1 $ 205,000 $ 205,000 $ 132,000
Baton Rouge, LA 1 $ 1,000 $ 1,000 $ 30,000
Blacksburg-Christiansburg-Radford, VA 1 $ 50,000 $ 50,000 $ 62,000
Boise City-Nampa, ID 1 $ 55,000 $ 55,000 $ 116,000
Bremerton-Silverdale, WA 1 $ 12,000 $ 12,000 $ 54,000
Cape Coral-Fort Myers, FL 1 $ 40,000 $ 40,000 $ 160,000
Chico, CA 1 $ 25,000 $ 25,000 $ 215,000
Colorado Springs, CO 1 $ 10,000 $ 10,000 $ 35,000
Danville, VA 1 $ 5,000 $ 5,000 $ 40,000
Davenport-Moline-Rock Island, IA-IL 1 $ 10,000 $ 10,000 $ 73,000
Deltona-Daytona Beach-Ormond Beach, FL 1 $ 20,000 $ 20,000 $ 83,000
El Paso, TX 1 $ 10,000 $ 10,000 $ 24,000
Fargo, ND-MN 1 $ 7,000 $ 7,000 $ 64,000
Florence-Muscle Shoals, AL 1 $ 2,000 $ 2,000 $ 25,000
Fort Collins-Loveland, CO 1 $ 40,000 $ 40,000 $ 85,000
Fort Walton Beach-Crestview-Destin, FL 1 $ 75,000 $ 75,000 $ 14,000
Fort Wayne, IN 1 $ 30,000 $ 30,000 $ 79,000
Grand Rapids-Wyoming, MI 1 $ 8,000 $ 8,000 $ 81,000
Gulfport-Biloxi, MS 1 $ 60,000 $ 60,000 $ 256,000
Hagerstown-Martinsburg, MD-WV 1 $ 50,000 $ 50,000 $ 192,000
Hattiesburg, MS 1 $ 8,000 $ 8,000 $ 34,000
Honolulu, HI 1 $ 244,000 $ 244,000 $ 351,000
Iowa City, IA 1 $ 70,000 $ 70,000 $ 150,000
Jacksonville, FL 1 $ 50,000 $ 50,000 $ 129,000
Johnstown, PA 1 $ 65,000 $ 65,000 $ 62,000
Jonesboro, AR 1 $ 25,000 $ 25,000 $ 48,000
Kalamazoo-Portage, MI 1 $ 20,000 $ 20,000 $ 83,000
Killeen-Temple-Fort Hood, TX 1 $ 20,000 $ 20,000 $ 75,000
Lake County-Kenosha County, IL-WI 1 $ 5,000 $ 5,000 $ 30,000
Lebanon, PA 1 $ 18,000 $ 18,000 $ 114,000
Lexington-Fayette, KY 1 $ 16,000 $ 16,000 $ 92,000
Lima, OH 1 $ 10,000 $ 10,000 $ 65,000
Madison, WI 1 $ 15,000 $ 15,000 $ 91,000
Manchester-Nashua, NH 1 $ 150,000 $ 150,000 $ 140,000
McAllen-Edinburg-Mission, TX 1 $ 32,000 $ 32,000 $ 68,000
Miami-Miami Beach-Kendall, FL 1 $ 3,000 $ 3,000 $ 43,000
Michigan City-La Porte, IN 1 $ 5,000 $ 5,000 $ 17,000
Milwaukee-Waukesha-West Allis, WI 1 $ 15,000 $ 15,000 $ 86,000
Mobile, AL 1 $ 15,000 $ 15,000 $ 44,000
Montgomery, AL 1 $ 150,000 $ 150,000 $ 19,000
Naples-Marco Island, FL 1 $ 50,000 $ 50,000 $ 89,000
New Orleans-Metairie-Kenner, LA 1 $ 100,000 $ 100,000 $ 20,000
Norwich-New London, CT 1 $ 20,000 $ 20,000 $ 35,000
Oakland-Fremont-Hayward, CA 1 $ 15,000 $ 15,000 $ 90,000
Ocala, FL 1 $ 52,000 $ 52,000 $ 120,000
Orlando-Kissimmee, FL 1 $ 78,000 $ 78,000 $ 57,000
Oshkosh-Neenah, WI 1 $ 50,000 $ 50,000 $ 73,000
Peabody, MA 1 $ 13,000 $ 13,000 $ 90,000
Pensacola-Ferry Pass-Brent, FL 1 $ 4,000 $ 4,000 $ 40,000
Pine Bluff, AR 1 $ 40,000 $ 40,000 $ 130,000
Poughkeepsie-Newburgh-Middletown, NY 1 $ 50,000 $ 50,000 $ 152,000
Racine, WI 1 $ 25,000 $ 25,000 $ 60,000
Rapid City, SD 1 $ 40,000 $ 40,000 $ 88,000
Reading, PA 1 $ 40,000 $ 40,000 $ 92,000
Roanoke, VA 1 $ 20,000 $ 20,000 $ 88,000
Rockingham County-Strafford County, NH 1 $ 10,000 $ 10,000 $ 30,000
Rocky Mount, NC 1 $ 20,000 $ 20,000 $ 47,000
Saginaw-Saginaw Township North, MI 1 $ 100,000 $ 100,000 $ 80,000
Salt Lake City, UT 1 $ 80,000 $ 80,000 $ 81,000
Sandusky, OH 1 $ 8,000 $ 8,000 $ 52,000
Santa Fe, NM 1 $ 5,000 $ 5,000 $ 8,000
Santa Rosa-Petaluma, CA 1 $ 30,000 $ 30,000 $ 152,000
Spartanburg, SC 1 $ 30,000 $ 30,000 $ 44,000
Springfield, MA 1 $ 50,000 $ 50,000 $ 49,000
St. Joseph, MO-KS 1 $ 15,000 $ 15,000 $ 104,000
St. Louis, MO-IL 1 $ 15,000 $ 15,000 $ 160,000
Syracuse, NY 1 $ 28,000 $ 28,000 $ 38,000
Toledo, OH 1 $ 40,000 $ 40,000 $ 63,000
Tuscaloosa, AL 1 $ 60,000 $ 60,000 $ 22,000
Vallejo-Fairfield, CA 1 $ 20,000 $ 20,000 $ 127,000
Visalia-Porterville, CA 1 $ 5,000 $ 5,000 $ 10,000
Waco, TX 1 $ 95,000 $ 95,000 $ 74,000
Warren-Troy-Farmington Hills, MI 1 $ 30,000 $ 30,000 $ 82,000
Wausau, WI 1 $ 4,000 $ 4,000 $ 80,000
Weirton-Steubenville, WV-OH 1 $ 20,000 $ 20,000 $ 290,000

Mortgage Loan Application Detail Totals for Nationwide Bank in 2008

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 Improvement 770 $23,905,000 $31,000 $777,000 $78,000 $750,000
Refinancing 61 $7,039,000 $115,000 $412,000 $127,000 $820,000
Home Purchase 15 $1,829,000 $121,000 $350,000 $122,000 $273,000

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 515 $20,748,000 $40,000 $500,000 $90,000 $820,000
Black or African American 164 $4,811,000 $29,000 $777,000 $61,000 $520,000
Not Provided 83 $3,594,000 $43,000 $215,000 $79,000 $390,000
Hispanic 56 $1,933,000 $34,000 $380,000 $81,000 $463,000
Asian 20 $1,396,000 $69,000 $244,000 $97,000 $351,000
American Indian or Alaskan Native 4 $201,000 $50,000 $100,000 $53,000 $93,000
Native Hawaiian or Other Pacific Islander 4 $90,000 $22,000 $55,000 $87,000 $116,000
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) 846 $32,773,000 $38,000 $777,000 $83,000 $820,000
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
Application Denied By Financial Institution 602 $21,751,000 $36,000 $777,000 $73,000 $750,000
Loan Originated 196 $6,832,000 $34,000 $238,000 $97,000 $390,000
Application Withdrawn By Applicant 35 $1,966,000 $56,000 $215,000 $102,000 $311,000
Application Approved But Not Accepted 7 $257,000 $36,000 $63,000 $89,000 $116,000
Loan Purchased By The Institution 6 $1,967,000 $327,000 $412,000 $408,000 $820,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 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
Credit History 407 $12,214,000 $30,000 $777,000 $69,000 $750,000
Debt-To-Income Ratio 133 $5,896,000 $44,000 $500,000 $64,000 $410,000
Other 19 $1,052,000 $55,000 $120,000 $131,000 $318,000
Unverifiable Information 17 $634,000 $37,000 $100,000 $112,000 $240,000
Collateral 12 $1,068,000 $89,000 $380,000 $117,000 $463,000
Employment History 7 $189,000 $27,000 $50,000 $110,000 $250,000
Insufficient Cash (Downpayment, Closing Cost) 7 $698,000 $99,000 $350,000 $122,000 $215,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Nationwide Bank's 2008 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 Nationwide Bank'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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