New Mexico Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, New Mexico Bank & Trust of Albuquerque, NM reported 1,153 mortgage applications totaling $293.9 million, up 195% from 2008. The average application was for $254,925, and applicants reported an average income of $130,335. 70% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Santa Fe, NM (747), Albuquerque, NM (257) and Phoenix-Mesa-Scottsdale, AZ (4) (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 | 1,153 |
| Total Mortgage Loan Application Amount | $293,929,000 |
| Average Mortgage Loan Application Amount | $254,925 |
| Highest Mortgage Loan Application Amount | $2,100,000 |
| Average Applicant Income | $130,335 |
| Highest Applicant Income | $2,410,000 |
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(HMDA) records New Mexico Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 747 | $ 213,420,000 | $ 285,702 | $ 137,000 |
| Albuquerque, NM | 257 | $ 50,006,000 | $ 194,575 | $ 117,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4 | $ 766,000 | $ 191,500 | $ 288,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 966,000 | $ 322,000 | $ 175,333 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 437,000 | $ 218,500 | $ 55,000 |
| San Antonio, TX | 2 | $ 654,000 | $ 327,000 | $ 105,000 |
| Tucson, AZ | 2 | $ 505,000 | $ 252,500 | $ 450,000 |
| Amarillo, TX | 1 | $ 103,000 | $ 103,000 | $ 42,000 |
| Asheville, NC | 1 | $ 80,000 | $ 80,000 | $ 125,000 |
| Austin-Round Rock, TX | 1 | $ 128,000 | $ 128,000 | $ 97,000 |
| Baltimore-Towson, MD | 1 | $ 160,000 | $ 160,000 | $ 66,000 |
| Boston-Quincy, MA | 1 | $ 150,000 | $ 150,000 | $ 285,000 |
| Boulder, CO | 1 | $ 290,000 | $ 290,000 | $ 286,000 |
| Dallas-Plano-Irving, TX | 1 | $ 400,000 | $ 400,000 | $ 128,000 |
| Denver-Aurora-Broomfield, CO | 1 | $ 226,000 | $ 226,000 | $ 120,000 |
| El Paso, TX | 1 | $ 75,000 | $ 75,000 | $ 734,000 |
| Fresno, CA | 1 | $ 141,000 | $ 141,000 | $ 84,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 417,000 | $ 417,000 | $ 185,000 |
| Naples-Marco Island, FL | 1 | $ 368,000 | $ 368,000 | $ 124,000 |
| Portland-Vancouver-Beaverton, OR-WA | 1 | $ 250,000 | $ 250,000 | $ 168,000 |
| Prescott, AZ | 1 | $ 375,000 | $ 375,000 | $ 97,000 |
| Salem, OR | 1 | $ 303,000 | $ 303,000 | $ 205,000 |
| Santa Rosa-Petaluma, CA | 1 | $ 375,000 | $ 375,000 | $ 168,000 |
| Springfield, MA | 1 | $ 299,000 | $ 299,000 | $ 107,000 |
Mortgage Loan Application Detail Totals for New Mexico Bank & Trust in 2009
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 | 854 | $231,611,000 | $271,000 | $2,100,000 | $133,000 | $1,889,000 |
| Home Purchase | 271 | $61,497,000 | $226,000 | $1,000,000 | $129,000 | $2,410,000 |
| Home Improvement | 28 | $821,000 | $29,000 | $365,000 | $62,000 | $234,000 |
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 | 744 | $201,582,000 | $270,000 | $2,100,000 | $130,000 | $2,410,000 |
| Not Provided | 233 | $57,245,000 | $245,000 | $900,000 | $143,000 | $1,800,000 |
| Hispanic | 150 | $29,465,000 | $196,000 | $417,000 | $121,000 | $1,163,000 |
| Asian | 14 | $2,993,000 | $213,000 | $335,000 | $89,000 | $189,000 |
| Not applicable | 7 | $1,597,000 | $228,000 | $465,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $268,000 | $89,000 | $248,000 | $39,000 | $65,000 |
| Black or African American | 1 | $417,000 | $417,000 | $417,000 | $160,000 | $160,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $362,000 | $362,000 | $362,000 | $52,000 | $52,000 |
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) | 1,151 | $293,104,000 | $254,000 | $2,100,000 | $130,000 | $2,410,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $825,000 | $412,000 | $465,000 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FHA-insured (Federal Housing 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 | 809 | $209,452,000 | $258,000 | $1,000,000 | $135,000 | $2,410,000 |
| Application Approved But Not Accepted | 164 | $43,025,000 | $262,000 | $938,000 | $129,000 | $793,000 |
| Application Denied By Financial Institution | 108 | $20,603,000 | $190,000 | $2,100,000 | $90,000 | $1,740,000 |
| Application Withdrawn By Applicant | 68 | $19,530,000 | $287,000 | $919,000 | $138,000 | $864,000 |
| File Closed For Incompleteness | 4 | $1,319,000 | $329,000 | $417,000 | $58,000 | $135,000 |
| 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 2009 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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