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Act (HMDA) records Nationwide Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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.
For a list of all lenders in Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About