New Mexico Bank & Trust Mortgage Lending & HMDA Data, 2019
In 2019, New Mexico Bank & Trust of Albuquerque, NM reported 111 mortgage applications totaling $50.8 million, up 25% from 2018. The average application was for $457,702, and applicants reported an average income of $198,237. 40% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Albuquerque, NM (46), Lubbock, TX (20) and Santa Fe, NM (8) (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 | 111 |
| Total Mortgage Loan Application Amount | $50,805,000 |
| Average Mortgage Loan Application Amount | $457,702 |
| Highest Mortgage Loan Application Amount | $17,025,000 |
| Average Applicant Income | $198,237 |
| Highest Applicant Income | $1,634,000 |
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(HMDA) records New Mexico Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 26 | $ 34,930,000 | $ 1,343,461 | $ 323,000 |
| Lubbock, Texas | 20 | $ 1,680,000 | $ 84,000 | $ 0 |
| Valencia, New Mexico | 11 | $ 435,000 | $ 39,545 | $ 66,000 |
| Scurry, Texas | 10 | $ 470,000 | $ 47,000 | $ 0 |
| Sandoval, New Mexico | 9 | $ 535,000 | $ 59,444 | $ 135,000 |
| Santa Fe, New Mexico | 8 | $ 2,250,000 | $ 281,250 | $ 137,000 |
| Howard, Texas | 7 | $ 415,000 | $ 59,285 | $ 0 |
| Curry, New Mexico | 6 | $ 650,000 | $ 108,333 | $ 180,000 |
| Maricopa, Arizona | 3 | $ 1,735,000 | $ 578,333 | $ 179,000 |
| Rio Arriba, New Mexico | 3 | $ 185,000 | $ 61,666 | $ 49,000 |
| Los Alamos, New Mexico | 2 | $ 4,910,000 | $ 2,455,000 | $ 0 |
| Taylor, Texas | 2 | $ 230,000 | $ 115,000 | $ 0 |
| Yavapai, Arizona | 1 | $ 665,000 | $ 665,000 | $ 201,000 |
| Otero, New Mexico | 1 | $ 1,585,000 | $ 1,585,000 | $ 0 |
| Roosevelt, New Mexico | 1 | $ 85,000 | $ 85,000 | $ 31,000 |
| Mitchell, Texas | 1 | $ 45,000 | $ 45,000 | $ 0 |
Mortgage Loan Application Detail Totals for New Mexico Bank & Trust in 2019
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 | 53 | $28,595,000 | $539,000 | $17,025,000 | $248,000 | $1,634,000 |
| Refinancing | 25 | $20,145,000 | $805,000 | $8,605,000 | $172,000 | $479,000 |
| Not Applicable | 14 | $1,110,000 | $79,000 | $135,000 | $0 | $0 |
| Other Purpose | 12 | $700,000 | $58,000 | $125,000 | $105,000 | $368,000 |
| Home Improvement | 7 | $255,000 | $36,000 | $125,000 | $75,000 | $145,000 |
| Cash-out Refinancing | 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 applicable | 62 | $42,260,000 | $681,000 | $17,025,000 | $0 | $0 |
| Hispanic | 23 | $1,475,000 | $64,000 | $255,000 | $89,000 | $252,000 |
| White | 18 | $4,260,000 | $236,000 | $1,205,000 | $174,000 | $479,000 |
| Not Provided | 8 | $2,810,000 | $351,000 | $1,055,000 | $467,000 | $1,634,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 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) | 111 | $50,805,000 | $457,000 | $17,025,000 | $173,000 | $1,634,000 |
| 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 | 44 | $35,820,000 | $814,000 | $17,025,000 | $198,000 | $1,634,000 |
| Loan Purchased By The Institution | 40 | $2,840,000 | $71,000 | $145,000 | $0 | $0 |
| Application Denied By Financial Institution | 16 | $1,020,000 | $63,000 | $255,000 | $101,000 | $252,000 |
| Application Withdrawn By Applicant | 7 | $10,785,000 | $1,540,000 | $8,605,000 | $339,000 | $744,000 |
| Application Approved But Not Accepted | 4 | $340,000 | $85,000 | $235,000 | $72,000 | $89,000 |
| File Closed For Incompleteness | 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 | 95 | $49,785,000 | $524,000 | $17,025,000 | $209,000 | $1,634,000 |
| Debt-To-Income Ratio | 10 | $790,000 | $79,000 | $255,000 | $89,000 | $252,000 |
| Credit History | 3 | $95,000 | $31,000 | $65,000 | $77,000 | $87,000 |
| Collateral | 2 | $60,000 | $30,000 | $35,000 | $188,000 | $232,000 |
| Other | 1 | $75,000 | $75,000 | $75,000 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 2019 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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