New Mexico Bank & Trust Mortgage Lending & HMDA Data, 2021
In 2021, New Mexico Bank & Trust of Albuquerque, NM reported 221 mortgage applications totaling $46.3 million, up 195% from 2020. The average application was for $209,434, and applicants reported an average income of $120,746. 60% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Albuquerque, NM (118), Santa Fe, NM (33) and Phoenix-Mesa-Scottsdale, AZ (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 | 221 |
| Total Mortgage Loan Application Amount | $46,285,000 |
| Average Mortgage Loan Application Amount | $209,434 |
| Highest Mortgage Loan Application Amount | $6,125,000 |
| Average Applicant Income | $120,746 |
| Highest Applicant Income | $1,099,000 |
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(HMDA) records New Mexico Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 118 | $ 28,180,000 | $ 238,813 | $ 116,000 |
| Outside any metro area | 67 | $ 9,045,000 | $ 135,000 | $ 115,611 |
| Santa Fe, NM | 33 | $ 6,465,000 | $ 195,909 | $ 147,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 2,540,000 | $ 1,270,000 | $ 0 |
| Lubbock, TX | 1 | $ 55,000 | $ 55,000 | $ 0 |
Mortgage Loan Application Detail Totals for New Mexico Bank & Trust in 2021
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 | 111 | $22,525,000 | $202,000 | $1,655,000 | $118,000 | $1,099,000 |
| Home Improvement | 47 | $3,965,000 | $84,000 | $365,000 | $104,000 | $283,000 |
| Home Purchase | 37 | $15,625,000 | $422,000 | $6,125,000 | $147,000 | $478,000 |
| Other Purpose | 24 | $2,520,000 | $105,000 | $365,000 | $88,000 | $385,000 |
| Cash-out Refinancing | 2 | $1,650,000 | $825,000 | $1,345,000 | $574,000 | $1,073,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 106 | $18,630,000 | $175,000 | $1,345,000 | $139,000 | $1,099,000 |
| Hispanic | 50 | $5,160,000 | $103,000 | $285,000 | $75,000 | $265,000 |
| Not Provided | 32 | $6,010,000 | $187,000 | $655,000 | $121,000 | $413,000 |
| Not applicable | 21 | $14,285,000 | $680,000 | $6,125,000 | $0 | $0 |
| Asian | 7 | $1,135,000 | $162,000 | $245,000 | $100,000 | $360,000 |
| American Indian or Alaskan Native | 2 | $340,000 | $170,000 | $175,000 | $154,000 | $194,000 |
| Black or African American | 1 | $75,000 | $75,000 | $75,000 | $44,000 | $44,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 221 | $46,285,000 | $209,000 | $6,125,000 | $120,000 | $1,099,000 |
| 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 | 132 | $26,370,000 | $199,000 | $1,655,000 | $152,000 | $1,099,000 |
| Application Denied By Financial Institution | 56 | $8,990,000 | $160,000 | $1,015,000 | $68,000 | $413,000 |
| Application Withdrawn By Applicant | 23 | $9,225,000 | $401,000 | $6,125,000 | $92,000 | $360,000 |
| Application Approved But Not Accepted | 10 | $1,700,000 | $170,000 | $535,000 | $109,000 | $279,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 165 | $37,295,000 | $226,000 | $6,125,000 | $140,000 | $1,099,000 |
| Debt-To-Income Ratio | 28 | $4,530,000 | $161,000 | $1,015,000 | $51,000 | $151,000 |
| Credit History | 17 | $2,355,000 | $138,000 | $655,000 | $71,000 | $259,000 |
| Collateral | 4 | $1,020,000 | $255,000 | $655,000 | $178,000 | $413,000 |
| Credit Application Incomplete | 3 | $605,000 | $201,000 | $355,000 | $62,000 | $94,000 |
| Unverifiable Information | 3 | $275,000 | $91,000 | $105,000 | $59,000 | $85,000 |
| Other | 1 | $205,000 | $205,000 | $205,000 | $65,000 | $65,000 |
| 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 2021 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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