New Mexico Bank & Trust Mortgage Lending & HMDA Data, 2015
In 2015, New Mexico Bank & Trust of Albuquerque, NM reported 301 mortgage applications totaling $67.4 million, up 11% from 2014. The average application was for $224,000, and applicants reported an average income of $104,594. 37% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Albuquerque, NM (153), Santa Fe, NM (84) and Phoenix-Mesa-Scottsdale, AZ (3) (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 | 301 |
| Total Mortgage Loan Application Amount | $67,424,000 |
| Average Mortgage Loan Application Amount | $224,000 |
| Highest Mortgage Loan Application Amount | $4,666,000 |
| Average Applicant Income | $104,594 |
| Highest Applicant Income | $1,649,000 |
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(HMDA) records New Mexico Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Albuquerque, NM | 153 | $ 32,711,000 | $ 213,797 | $ 78,000 |
| Santa Fe, NM | 84 | $ 24,214,000 | $ 288,261 | $ 129,000 |
| Phoenix-Mesa-Scottsdale, AZ | 3 | $ 645,000 | $ 215,000 | $ 314,000 |
| Billings, MT | 1 | $ 896,000 | $ 896,000 | $ 1,350,000 |
| Las Cruces, NM | 1 | $ 80,000 | $ 80,000 | $ 96,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 500,000 | $ 500,000 | $ 1,649,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 230,000 | $ 230,000 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 161,000 | $ 161,000 | $ 124,000 |
Mortgage Loan Application Detail Totals for New Mexico Bank & Trust in 2015
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 | 142 | $35,273,000 | $248,000 | $4,666,000 | $112,000 | $1,486,000 |
| Refinancing | 111 | $30,041,000 | $270,000 | $1,600,000 | $117,000 | $1,649,000 |
| Home Improvement | 48 | $2,110,000 | $43,000 | $365,000 | $54,000 | $251,000 |
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 | 160 | $35,427,000 | $221,000 | $1,173,000 | $134,000 | $1,649,000 |
| Hispanic | 59 | $9,200,000 | $155,000 | $1,600,000 | $71,000 | $346,000 |
| Not Provided | 52 | $8,441,000 | $162,000 | $955,000 | $85,000 | $395,000 |
| Not applicable | 18 | $11,696,000 | $649,000 | $4,666,000 | $0 | $0 |
| Asian | 5 | $1,893,000 | $378,000 | $1,240,000 | $206,000 | $611,000 |
| Black or African American | 3 | $395,000 | $131,000 | $205,000 | $79,000 | $143,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $259,000 | $129,000 | $229,000 | $54,000 | $77,000 |
| American Indian or Alaskan Native | 2 | $113,000 | $56,000 | $110,000 | $35,000 | $42,000 |
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) | 259 | $61,220,000 | $236,000 | $4,666,000 | $113,000 | $1,649,000 |
| FHA-insured (Federal Housing Administration) | 35 | $4,625,000 | $132,000 | $283,000 | $46,000 | $139,000 |
| VA-guaranteed (Veterans Administration) | 6 | $1,469,000 | $244,000 | $382,000 | $72,000 | $156,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $110,000 | $110,000 | $110,000 | $23,000 | $23,000 |
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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 144 | $26,793,000 | $186,000 | $1,240,000 | $103,000 | $1,486,000 |
| Loan Originated | 112 | $34,686,000 | $309,000 | $4,666,000 | $124,000 | $1,649,000 |
| Application Denied By Financial Institution | 32 | $4,811,000 | $150,000 | $1,600,000 | $61,000 | $269,000 |
| File Closed For Incompleteness | 7 | $728,000 | $104,000 | $204,000 | $46,000 | $63,000 |
| Application Approved But Not Accepted | 5 | $264,000 | $52,000 | $92,000 | $95,000 | $243,000 |
| Loan Purchased By The Institution | 1 | $142,000 | $142,000 | $142,000 | $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 2015 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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