New Mexico Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, New Mexico Bank & Trust of Albuquerque, NM reported 391 mortgage applications totaling $80.9 million, down 15% from 2007. The average application was for $206,974, and applicants reported an average income of $113,514. 80% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Santa Fe, NM (193), Albuquerque, NM (106) and Allentown-Bethlehem-Easton, PA-NJ (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 | 391 |
| Total Mortgage Loan Application Amount | $80,927,000 |
| Average Mortgage Loan Application Amount | $206,974 |
| Highest Mortgage Loan Application Amount | $1,900,000 |
| Average Applicant Income | $113,514 |
| Highest Applicant Income | $1,045,000 |
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(HMDA) records New Mexico Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Santa Fe, NM | 193 | $ 49,433,000 | $ 256,129 | $ 133,000 |
| Albuquerque, NM | 106 | $ 16,408,000 | $ 154,792 | $ 97,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 815,000 | $ 407,500 | $ 167,000 |
| Knoxville, TN | 2 | $ 156,000 | $ 78,000 | $ 28,000 |
| San Antonio, TX | 2 | $ 550,000 | $ 275,000 | $ 332,000 |
| Baltimore-Towson, MD | 1 | $ 160,000 | $ 160,000 | $ 54,000 |
| Colorado Springs, CO | 1 | $ 160,000 | $ 160,000 | $ 101,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 315,000 | $ 315,000 | $ 160,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 121,000 | $ 121,000 | $ 141,000 |
| Iowa City, IA | 1 | $ 120,000 | $ 120,000 | $ 144,000 |
| Johnson City, TN | 1 | $ 50,000 | $ 50,000 | $ 15,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 120,000 | $ 120,000 | $ 38,000 |
| Las Cruces, NM | 1 | $ 96,000 | $ 96,000 | $ 158,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 106,000 | $ 106,000 | $ 141,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 417,000 | $ 417,000 | $ 318,000 |
| Salem, OR | 1 | $ 304,000 | $ 304,000 | $ 300,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 115,000 | $ 115,000 | $ 64,000 |
| Tucson, AZ | 1 | $ 90,000 | $ 90,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for New Mexico Bank & Trust 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 Purchase | 203 | $41,732,000 | $205,000 | $1,900,000 | $114,000 | $1,045,000 |
| Refinancing | 162 | $38,735,000 | $239,000 | $1,504,000 | $117,000 | $887,000 |
| Home Improvement | 26 | $460,000 | $17,000 | $103,000 | $88,000 | $932,000 |
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 | 248 | $55,602,000 | $224,000 | $1,504,000 | $129,000 | $1,045,000 |
| Hispanic | 66 | $8,797,000 | $133,000 | $417,000 | $81,000 | $425,000 |
| Not Provided | 57 | $8,784,000 | $154,000 | $417,000 | $115,000 | $887,000 |
| Not applicable | 10 | $6,347,000 | $634,000 | $1,900,000 | $0 | $0 |
| Asian | 4 | $1,151,000 | $287,000 | $560,000 | $104,000 | $161,000 |
| American Indian or Alaskan Native | 3 | $162,000 | $54,000 | $60,000 | $25,000 | $36,000 |
| Black or African American | 2 | $58,000 | $29,000 | $33,000 | $21,000 | $36,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $26,000 | $26,000 | $26,000 | $59,000 | $59,000 |
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) | 391 | $80,927,000 | $206,000 | $1,900,000 | $114,000 | $1,045,000 |
| 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 | 311 | $72,103,000 | $231,000 | $1,900,000 | $125,000 | $1,045,000 |
| Application Denied By Financial Institution | 46 | $2,843,000 | $61,000 | $380,000 | $44,000 | $127,000 |
| Application Approved But Not Accepted | 29 | $5,269,000 | $181,000 | $560,000 | $96,000 | $400,000 |
| Application Withdrawn By Applicant | 5 | $712,000 | $142,000 | $256,000 | $154,000 | $342,000 |
| 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 |
|---|---|---|---|---|---|---|
| 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 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 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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