Nexstar Financial Corporation Mortgage Lending & HMDA Data, 2006
In 2006, Nexstar Financial Corporation of Charlotte, NC reported 3,643 mortgage applications totaling $529.8 million, down 59% from 2005. The average application was for $145,432, and applicants reported an average income of $43,872. 24% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (187), Chicago-Naperville-Joliet, IL (119) and Washington-Arlington-Alexandria, DC-VA-MD-WV (84) (applications in parentheses).
| Mortgage Company & Address | Nexstar Financial Corporation 200 N College St Nc1-004-04-13 Charlotte, NC 28255 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 |
| Total Number of Mortgage Applications | 3,643 |
| Total Mortgage Loan Application Amount | $529,810,000 |
| Average Mortgage Loan Application Amount | $145,432 |
| Highest Mortgage Loan Application Amount | $960,000 |
| Average Applicant Income | $43,872 |
| Highest Applicant Income | $4,232,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Nexstar Financial Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Nexstar Financial Corporation in 2006
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 | 2,328 | $321,045,000 | $137,000 | $816,000 | $35,000 | $613,000 |
| Home Purchase | 712 | $124,394,000 | $174,000 | $960,000 | $66,000 | $907,000 |
| Home Improvement | 603 | $84,371,000 | $139,000 | $607,000 | $52,000 | $4,232,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 1,448 | $174,966,000 | $120,000 | $816,000 | $0 | $0 |
| White | 1,432 | $229,480,000 | $160,000 | $895,000 | $75,000 | $4,232,000 |
| Black or African American | 292 | $43,213,000 | $147,000 | $545,000 | $60,000 | $291,000 |
| Not Provided | 212 | $39,156,000 | $184,000 | $960,000 | $85,000 | $800,000 |
| Hispanic | 199 | $32,840,000 | $165,000 | $470,000 | $65,000 | $613,000 |
| Asian | 32 | $6,464,000 | $202,000 | $465,000 | $79,000 | $230,000 |
| American Indian or Alaskan Native | 20 | $2,632,000 | $131,000 | $280,000 | $49,000 | $145,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,059,000 | $132,000 | $250,000 | $48,000 | $97,000 |
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) | 3,643 | $529,810,000 | $145,000 | $960,000 | $44,000 | $4,232,000 |
| 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 | 1,449 | $175,118,000 | $120,000 | $816,000 | $0 | $0 |
| Loan Originated | 874 | $132,309,000 | $151,000 | $877,000 | $80,000 | $4,232,000 |
| Application Denied By Financial Institution | 674 | $103,920,000 | $154,000 | $570,000 | $59,000 | $606,000 |
| Application Approved But Not Accepted | 311 | $51,306,000 | $164,000 | $605,000 | $72,000 | $323,000 |
| Preapproval Approved but not Accepted | 242 | $50,354,000 | $208,000 | $960,000 | $91,000 | $800,000 |
| Preapproval Denied by Financial Institution | 74 | $13,311,000 | $179,000 | $895,000 | $66,000 | $330,000 |
| Application Withdrawn By Applicant | 19 | $3,492,000 | $183,000 | $450,000 | $69,000 | $132,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 429 | $63,903,000 | $148,000 | $895,000 | $61,000 | $606,000 |
| Debt-To-Income Ratio | 148 | $29,267,000 | $197,000 | $570,000 | $44,000 | $145,000 |
| Collateral | 87 | $10,612,000 | $121,000 | $354,000 | $78,000 | $540,000 |
| Other | 43 | $6,805,000 | $158,000 | $461,000 | $63,000 | $185,000 |
| Unverifiable Information | 34 | $5,037,000 | $148,000 | $392,000 | $54,000 | $367,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $1,217,000 | $243,000 | $410,000 | $93,000 | $135,000 |
| Credit Application Incomplete | 1 | $210,000 | $210,000 | $210,000 | $172,000 | $172,000 |
| Employment History | 1 | $180,000 | $180,000 | $180,000 | $30,000 | $30,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nexstar Financial Corporation's 2006 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 Nexstar Financial Corporation'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.
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