New Mexico Bank & Trust Mortgage Lending & HMDA Data, 2004
In 2004, New Mexico Bank & Trust of Albuquerque, NM reported 196 mortgage applications totaling $31.4 million, up 106% from 2003. The average application was for $160,117, and applicants reported an average income of $71,408. 75% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Santa Fe, NM (74), Albuquerque, NM (35) and Amarillo, TX (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 | 196 |
| Total Mortgage Loan Application Amount | $31,383,000 |
| Average Mortgage Loan Application Amount | $160,117 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $71,408 |
| Highest Applicant Income | $951,000 |
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(HMDA) records New Mexico Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Santa Fe, New Mexico | 74 | $ 20,104,000 | $ 271,675 | $ 81,000 |
| Curry, New Mexico | 49 | $ 3,031,000 | $ 61,857 | $ 48,000 |
| Bernalillo, New Mexico | 27 | $ 2,283,000 | $ 84,555 | $ 60,000 |
| Roosevelt, New Mexico | 7 | $ 590,000 | $ 84,285 | $ 99,000 |
| Sandoval, New Mexico | 6 | $ 413,000 | $ 68,833 | $ 93,000 |
| San Miguel, New Mexico | 4 | $ 1,159,000 | $ 289,750 | $ 144,000 |
| De Baca, New Mexico | 3 | $ 73,000 | $ 24,333 | $ 56,000 |
| Quay, New Mexico | 2 | $ 88,000 | $ 44,000 | $ 66,000 |
| Rio Arriba, New Mexico | 2 | $ 239,000 | $ 119,500 | $ 64,000 |
| Sierra, New Mexico | 2 | $ 277,000 | $ 138,500 | $ 0 |
| Taos, New Mexico | 2 | $ 190,000 | $ 95,000 | $ 36,000 |
| Valencia, New Mexico | 2 | $ 132,000 | $ 66,000 | $ 121,000 |
| Archuleta, Colorado | 1 | $ 130,000 | $ 130,000 | $ 144,000 |
| Baltimore City, Maryland | 1 | $ 156,000 | $ 156,000 | $ 180,000 |
| Chaves, New Mexico | 1 | $ 20,000 | $ 20,000 | $ 24,000 |
| Cibola, New Mexico | 1 | $ 746,000 | $ 746,000 | $ 0 |
| Colfax, New Mexico | 1 | $ 218,000 | $ 218,000 | $ 166,000 |
| Dona Ana, New Mexico | 1 | $ 250,000 | $ 250,000 | $ 68,000 |
| Lincoln, New Mexico | 1 | $ 96,000 | $ 96,000 | $ 66,000 |
| Otero, New Mexico | 1 | $ 15,000 | $ 15,000 | $ 14,000 |
| Potter, Texas | 1 | $ 58,000 | $ 58,000 | $ 27,000 |
| Randall, Texas | 1 | $ 15,000 | $ 15,000 | $ 107,000 |
| Grand, Utah | 1 | $ 170,000 | $ 170,000 | $ 168,000 |
| Snohomish, Washington | 1 | $ 265,000 | $ 265,000 | $ 119,000 |
Mortgage Loan Application Detail Totals for New Mexico Bank & Trust in 2004
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 | 85 | $17,830,000 | $183,000 | $1,000,000 | $136,000 | $500,000 |
| Home Purchase | 68 | $12,892,000 | $160,285 | $947,000 | $120,714 | $951,000 |
| Home Improvement | 43 | $661,000 | $15,000 | $68,000 | $45,000 | $172,000 |
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 | 139 | $24,968,000 | $162,333 | $1,000,000 | $123,000 | $951,000 |
| Hispanic | 37 | $2,785,000 | $75,000 | $334,000 | $47,000 | $195,000 |
| Not applicable | 12 | $2,892,000 | $241,000 | $650,000 | $0 | $0 |
| Not Provided | 4 | $289,000 | $91,500 | $130,000 | $107,000 | $146,000 |
| Black or African American | 2 | $6,000 | $3,000 | $5,000 | $30,000 | $32,000 |
| American Indian or Alaskan Native | 1 | $75,000 | $75,000 | $75,000 | $55,000 | $55,000 |
| Asian | 1 | $368,000 | $368,000 | $368,000 | $115,000 | $115,000 |
| 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) | 195 | $31,224,000 | $155,000 | $1,000,000 | $129,000 | $951,000 |
| VA-guaranteed (Veterans Administration) | 1 | $159,000 | $159,000 | $159,000 | $50,000 | $50,000 |
| 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 |
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 | 147 | $26,220,000 | $153,000 | $1,000,000 | $142,000 | $951,000 |
| Application Denied By Financial Institution | 22 | $541,000 | $24,000 | $210,000 | $54,000 | $223,000 |
| Application Withdrawn By Applicant | 15 | $3,529,000 | $165,333 | $512,000 | $57,333 | $180,000 |
| Application Approved But Not Accepted | 11 | $943,000 | $85,000 | $300,000 | $56,000 | $172,000 |
| File Closed For Incompleteness | 1 | $150,000 | $150,000 | $150,000 | $91,000 | $91,000 |
| 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 New Mexico Bank & Trust's 2004 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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