Novastar Mortgage Mortgage Lending & HMDA Data, 2008
In 2008, Novastar Mortgage of Kansas City, MO reported 830 mortgage applications totaling $147.7 million, down 99% from 2007. The average application was for $177,915, and applicants reported an average income of $74,869. 0% of its applications resulted in an originated loan and 97% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (32), Atlanta-Sandy Springs-Marietta, GA (26) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (23) (applications in parentheses).
| Mortgage Company & Address | Novastar Mortgage 2114 Central Suite 600 Kansas City, MO 64108 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 830 |
| Total Mortgage Loan Application Amount | $147,670,000 |
| Average Mortgage Loan Application Amount | $177,915 |
| Highest Mortgage Loan Application Amount | $1,102,000 |
| Average Applicant Income | $74,869 |
| Highest Applicant Income | $1,020,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Novastar Mortgage filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Novastar Mortgage in 2008
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 | 824 | $146,782,000 | $178,000 | $1,102,000 | $75,000 | $1,020,000 |
| Home Purchase | 6 | $888,000 | $148,000 | $366,000 | $57,000 | $101,000 |
| Home Improvement | 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 Provided | 608 | $114,260,000 | $187,000 | $1,102,000 | $75,000 | $351,000 |
| White | 148 | $21,808,000 | $147,000 | $712,000 | $78,000 | $1,020,000 |
| Black or African American | 47 | $6,960,000 | $148,000 | $405,000 | $57,000 | $222,000 |
| Hispanic | 20 | $3,388,000 | $169,000 | $424,000 | $64,000 | $125,000 |
| Asian | 5 | $1,049,000 | $209,000 | $417,000 | $88,000 | $150,000 |
| American Indian or Alaskan Native | 2 | $205,000 | $102,000 | $155,000 | $52,000 | $71,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 830 | $147,670,000 | $177,000 | $1,102,000 | $74,000 | $1,020,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 807 | $144,093,000 | $178,000 | $1,102,000 | $75,000 | $1,020,000 |
| Application Approved But Not Accepted | 15 | $2,205,000 | $147,000 | $328,000 | $54,000 | $105,000 |
| File Closed For Incompleteness | 8 | $1,372,000 | $171,000 | $267,000 | $63,000 | $98,000 |
| Loan Originated | 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 |
| Application Withdrawn By Applicant | 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 Novastar Mortgage's 2008 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 Novastar Mortgage'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 Missouri, download the full spreadsheet
with aggregated HMDA statistics today.
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