Network Funding, L.P. Mortgage Lending & HMDA Data, 2013

In 2013, Network Funding, L.P. of Houston, TX reported 15,746 mortgage applications totaling $3.0 billion, up 2% from 2012. The average application was for $191,840, and applicants reported an average income of $98,281. 78% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (3,869), Austin-Round Rock-San Marcos, TX (3,254) and Milwaukee-Waukesha-West Allis, WI (1,016) (applications in parentheses).

Mortgage Company & Address Network Funding, L.P.
9700 Richmond, Suite 320
Houston, TX 77042
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  
Total Number of Mortgage Applications 15,746
Total Mortgage Loan Application Amount $3,020,724,000
Average Mortgage Loan Application Amount $191,840
Highest Mortgage Loan Application Amount $417,000
Average Applicant Income $98,281
Highest Applicant Income $9,999,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Network Funding, L.P. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Network Funding, L.P. in 2013

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 11,126 $2,100,060,000 $188,000 $417,000 $93,000 $9,999,000
Refinancing 4,620 $920,664,000 $199,000 $417,000 $111,000 $9,999,000
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 11,804 $2,285,763,000 $193,000 $417,000 $100,000 $9,999,000
Hispanic 1,563 $265,815,000 $170,000 $417,000 $82,000 $926,000
Black or African American 853 $146,052,000 $171,000 $417,000 $72,000 $476,000
Asian 842 $191,401,000 $227,000 $417,000 $121,000 $1,564,000
Not Provided 608 $117,605,000 $193,000 $417,000 $116,000 $9,999,000
American Indian or Alaskan Native 43 $7,467,000 $173,000 $334,000 $75,000 $216,000
Native Hawaiian or Other Pacific Islander 33 $6,621,000 $200,000 $340,000 $84,000 $240,000
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) 10,073 $2,092,508,000 $207,000 $417,000 $117,000 $9,999,000
FHA-insured (Federal Housing Administration) 3,788 $594,365,000 $156,000 $415,000 $66,000 $1,308,000
VA-guaranteed (Veterans Administration) 1,203 $236,259,000 $196,000 $417,000 $71,000 $346,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 682 $97,592,000 $143,000 $408,000 $49,000 $100,000

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 12,317 $2,386,260,000 $193,000 $417,000 $100,000 $9,999,000
Application Withdrawn By Applicant 1,686 $326,457,000 $193,000 $417,000 $102,000 $1,564,000
Application Approved But Not Accepted 872 $158,372,000 $181,000 $417,000 $94,000 $600,000
Application Denied By Financial Institution 621 $106,131,000 $170,000 $417,000 $75,000 $1,308,000
File Closed For Incompleteness 169 $28,766,000 $170,000 $417,000 $70,000 $528,000
Preapproval Approved but not Accepted 46 $8,077,000 $175,000 $400,000 $73,000 $165,000
Preapproval Denied by Financial Institution 35 $6,661,000 $190,000 $408,000 $69,000 $186,000
Loan Purchased By The 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
Credit History 202 $33,575,000 $166,000 $417,000 $69,000 $332,000
Debt-To-Income Ratio 197 $36,067,000 $183,000 $417,000 $60,000 $400,000
Collateral 134 $21,286,000 $158,000 $417,000 $91,000 $451,000
Other 39 $6,423,000 $164,000 $360,000 $72,000 $199,000
Employment History 34 $5,663,000 $166,000 $369,000 $69,000 $227,000
Unverifiable Information 32 $6,520,000 $203,000 $417,000 $152,000 $1,308,000
Insufficient Cash (Downpayment, Closing Cost) 15 $2,785,000 $185,000 $410,000 $65,000 $151,000
Credit Application Incomplete 2 $130,000 $65,000 $87,000 $34,000 $36,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Network Funding, L.P.'s 2013 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 Network Funding, L.P.'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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