New Mexico Bank & Trust Mortgage Lending & HMDA Data, 2020
In 2020, New Mexico Bank & Trust of Albuquerque, NM reported 75 mortgage applications totaling $25.0 million, down 32% from 2019. The average application was for $332,733, and applicants reported an average income of $141,027. 39% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Lubbock, TX (17), Santa Fe, NM (14) and Albuquerque, NM (9) (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 | 75 |
| Total Mortgage Loan Application Amount | $24,955,000 |
| Average Mortgage Loan Application Amount | $332,733 |
| Highest Mortgage Loan Application Amount | $8,755,000 |
| Average Applicant Income | $141,027 |
| Highest Applicant Income | $542,000 |
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(HMDA) records New Mexico Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Outside any metro area | 32 | $ 3,880,000 | $ 121,250 | $ 109,000 |
| Lubbock, TX | 17 | $ 2,315,000 | $ 136,176 | $ 0 |
| Santa Fe, NM | 14 | $ 6,800,000 | $ 485,714 | $ 240,000 |
| Albuquerque, NM | 9 | $ 10,945,000 | $ 1,216,111 | $ 104,000 |
| Abilene, TX | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Austin-Round Rock, TX | 1 | $ 425,000 | $ 425,000 | $ 75,000 |
| Greeley, CO | 1 | $ 515,000 | $ 515,000 | $ 213,000 |
Mortgage Loan Application Detail Totals for New Mexico Bank & Trust in 2020
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 | 56 | $18,680,000 | $333,000 | $8,755,000 | $125,000 | $327,000 |
| Refinancing | 15 | $4,165,000 | $277,000 | $1,725,000 | $159,000 | $385,000 |
| Home Improvement | 2 | $280,000 | $140,000 | $255,000 | $0 | $0 |
| Cash-out Refinancing | 1 | $1,705,000 | $1,705,000 | $1,705,000 | $542,000 | $542,000 |
| Other Purpose | 1 | $125,000 | $125,000 | $125,000 | $368,000 | $368,000 |
| Not Applicable | 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 | 49 | $15,165,000 | $309,000 | $8,755,000 | $0 | $0 |
| White | 10 | $4,540,000 | $454,000 | $1,705,000 | $254,000 | $542,000 |
| Hispanic | 10 | $4,020,000 | $402,000 | $1,725,000 | $145,000 | $266,000 |
| Not Provided | 5 | $1,065,000 | $213,000 | $325,000 | $83,000 | $142,000 |
| Asian | 1 | $165,000 | $165,000 | $165,000 | $86,000 | $86,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 75 | $24,955,000 | $332,000 | $8,755,000 | $170,000 | $542,000 |
| 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 Purchased By The Institution | 39 | $3,995,000 | $102,000 | $415,000 | $0 | $0 |
| Loan Originated | 29 | $11,205,000 | $386,000 | $1,725,000 | $183,000 | $542,000 |
| Application Approved But Not Accepted | 4 | $440,000 | $110,000 | $325,000 | $93,000 | $142,000 |
| Application Withdrawn By Applicant | 3 | $9,315,000 | $3,105,000 | $8,755,000 | $105,000 | $105,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Denied By Financial 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 |
|---|---|---|---|---|---|---|
| Not applicable | 75 | $24,955,000 | $332,000 | $8,755,000 | $170,000 | $542,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into New Mexico Bank & Trust's 2020 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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