New Mexico Bank & Trust Mortgage Lending & HMDA Data, 2022
In 2022, New Mexico Bank & Trust of Albuquerque, NM reported 142 mortgage applications totaling $34.1 million, down 36% from 2021. The average application was for $240,352, and applicants reported an average income of $132,535. 64% of its applications resulted in an originated loan and 29% were denied. Its largest markets were Albuquerque, NM (65), Santa Fe, NM (18) and Phoenix-Mesa-Scottsdale, AZ (2) (applications in parentheses).
| Mortgage Company & Address | New Mexico Bank & Trust 320 Gold Sw Ste 100 Albuquerque, NM 87102 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 142 |
| Total Mortgage Loan Application Amount | $34,130,000 |
| Average Mortgage Loan Application Amount | $240,352 |
| Highest Mortgage Loan Application Amount | $3,105,000 |
| Average Applicant Income | $132,535 |
| Highest Applicant Income | $617,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records New Mexico Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Bernalillo, New Mexico | 41 | $ 9,815,000 | $ 239,390 | $ 119,000 |
| Santa Fe, New Mexico | 18 | $ 6,860,000 | $ 381,111 | $ 186,000 |
| Colfax, New Mexico | 16 | $ 1,660,000 | $ 103,750 | $ 77,000 |
| Sandoval, New Mexico | 12 | $ 1,940,000 | $ 161,666 | $ 212,000 |
| Valencia, New Mexico | 12 | $ 1,800,000 | $ 150,000 | $ 98,000 |
| Los Alamos, New Mexico | 6 | $ 640,000 | $ 106,666 | $ 171,000 |
| Curry, New Mexico | 5 | $ 1,235,000 | $ 247,000 | $ 54,000 |
| Quay, New Mexico | 4 | $ 110,000 | $ 27,500 | $ 104,000 |
| Rio Arriba, New Mexico | 4 | $ 640,000 | $ 160,000 | $ 201,000 |
| Roosevelt, New Mexico | 4 | $ 680,000 | $ 170,000 | $ 174,000 |
| Union, New Mexico | 4 | $ 470,000 | $ 117,500 | $ 159,000 |
| Maricopa, Arizona | 2 | $ 4,290,000 | $ 2,145,000 | $ 0 |
| San Bernardino, California | 2 | $ 1,400,000 | $ 700,000 | $ 0 |
| Guadalupe, New Mexico | 2 | $ 380,000 | $ 190,000 | $ 34,000 |
| Dallam, Texas | 2 | $ 130,000 | $ 65,000 | $ 125,000 |
| Hartley, Texas | 2 | $ 160,000 | $ 80,000 | $ 116,000 |
| Las Animas, Colorado | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Ada, Idaho | 1 | $ 625,000 | $ 625,000 | $ 65,000 |
| Dona Ana, New Mexico | 1 | $ 615,000 | $ 615,000 | $ 0 |
| Lea, New Mexico | 1 | $ 405,000 | $ 405,000 | $ 0 |
| Socorro, New Mexico | 1 | $ 125,000 | $ 125,000 | $ 0 |
| Taos, New Mexico | 1 | $ 25,000 | $ 25,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for New Mexico Bank & Trust in 2022
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 | 44 | $10,860,000 | $246,000 | $3,105,000 | $105,000 | $399,000 |
| Home Purchase | 43 | $16,415,000 | $381,000 | $2,345,000 | $149,000 | $428,000 |
| Home Improvement | 30 | $3,360,000 | $112,000 | $335,000 | $120,000 | $322,000 |
| Other Purpose | 24 | $3,250,000 | $135,000 | $355,000 | $149,000 | $438,000 |
| Cash-out Refinancing | 1 | $245,000 | $245,000 | $245,000 | $617,000 | $617,000 |
| Not Applicable | 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 |
|---|---|---|---|---|---|---|
| Not Provided | 54 | $7,410,000 | $137,000 | $355,000 | $87,000 | $251,000 |
| White | 50 | $9,530,000 | $190,000 | $625,000 | $177,000 | $617,000 |
| Not applicable | 20 | $14,810,000 | $740,000 | $3,105,000 | $0 | $0 |
| Hispanic | 14 | $1,960,000 | $140,000 | $355,000 | $140,000 | $428,000 |
| American Indian or Alaskan Native | 2 | $190,000 | $95,000 | $105,000 | $438,000 | $438,000 |
| Asian | 2 | $230,000 | $115,000 | $145,000 | $39,000 | $39,000 |
| Black or African American | 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) | 142 | $34,130,000 | $240,000 | $3,105,000 | $133,000 | $617,000 |
| 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 | 91 | $25,975,000 | $285,000 | $3,105,000 | $164,000 | $617,000 |
| Application Denied By Financial Institution | 41 | $6,025,000 | $146,000 | $765,000 | $91,000 | $305,000 |
| Application Withdrawn By Applicant | 7 | $1,525,000 | $217,000 | $625,000 | $64,000 | $146,000 |
| Application Approved But Not Accepted | 3 | $605,000 | $201,000 | $375,000 | $65,000 | $80,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 101 | $28,105,000 | $278,000 | $3,105,000 | $152,000 | $617,000 |
| Credit History | 19 | $3,035,000 | $159,000 | $765,000 | $90,000 | $305,000 |
| Debt-To-Income Ratio | 15 | $2,045,000 | $136,000 | $275,000 | $69,000 | $268,000 |
| Credit Application Incomplete | 4 | $660,000 | $165,000 | $265,000 | $181,000 | $293,000 |
| Collateral | 2 | $260,000 | $130,000 | $175,000 | $162,000 | $162,000 |
| Other | 1 | $25,000 | $25,000 | $25,000 | $96,000 | $96,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into New Mexico Bank & Trust's 2022 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 New Mexico 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.
For a list of all lenders in New Mexico, download the full spreadsheet
with aggregated HMDA statistics today.
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