Paramount Bond & Mortgage Co., Inc. Mortgage Lending & HMDA Data, 2015
In 2015, Paramount Bond & Mortgage Co., Inc. of Saint Louis, MO reported 1,160 mortgage applications totaling $253.9 million, up 5% from 2014. The average application was for $218,872, and applicants reported an average income of $112,005. 81% of its applications resulted in an originated loan and 2% were denied. Its largest markets were St. Louis, MO-IL (994), Tampa-St. Petersburg-Clearwater, FL (28) and Springfield, IL (13) (applications in parentheses).
| Mortgage Company & Address | Paramount Bond & Mortgage Co., Inc. 622 Emerson Rd Suite 325 Saint Louis, MO 63141 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 1,160 |
| Total Mortgage Loan Application Amount | $253,892,000 |
| Average Mortgage Loan Application Amount | $218,872 |
| Highest Mortgage Loan Application Amount | $1,700,000 |
| Average Applicant Income | $112,005 |
| Highest Applicant Income | $1,636,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Paramount Bond & Mortgage Co., Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Paramount Bond & Mortgage Co., Inc. 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 | 763 | $155,617,000 | $203,000 | $1,507,000 | $99,000 | $1,255,000 |
| Refinancing | 397 | $98,275,000 | $247,000 | $1,700,000 | $137,000 | $1,636,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 1,049 | $231,308,000 | $220,000 | $1,700,000 | $114,000 | $1,636,000 |
| Black or African American | 55 | $8,219,000 | $149,000 | $417,000 | $60,000 | $194,000 |
| Asian | 27 | $7,425,000 | $275,000 | $780,000 | $127,000 | $352,000 |
| Not Provided | 14 | $3,863,000 | $275,000 | $1,400,000 | $155,000 | $906,000 |
| Hispanic | 14 | $2,965,000 | $211,000 | $417,000 | $104,000 | $188,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $112,000 | $112,000 | $112,000 | $31,000 | $31,000 |
| Not applicable | 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) | 811 | $194,766,000 | $240,000 | $1,700,000 | $131,000 | $1,636,000 |
| FHA-insured (Federal Housing Administration) | 256 | $40,425,000 | $157,000 | $276,000 | $65,000 | $258,000 |
| VA-guaranteed (Veterans Administration) | 83 | $17,013,000 | $204,000 | $592,000 | $83,000 | $427,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 10 | $1,688,000 | $168,000 | $269,000 | $55,000 | $78,000 |
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 |
|---|---|---|---|---|---|---|
| Loan Originated | 945 | $207,693,000 | $219,000 | $1,507,000 | $114,000 | $1,636,000 |
| Application Withdrawn By Applicant | 190 | $40,553,000 | $213,000 | $1,700,000 | $104,000 | $590,000 |
| Application Denied By Financial Institution | 23 | $5,264,000 | $228,000 | $730,000 | $97,000 | $391,000 |
| File Closed For Incompleteness | 2 | $382,000 | $191,000 | $276,000 | $102,000 | $121,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 6 | $1,153,000 | $192,000 | $274,000 | $47,000 | $56,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $508,000 | $127,000 | $178,000 | $51,000 | $77,000 |
| Other | 4 | $979,000 | $244,000 | $417,000 | $101,000 | $170,000 |
| Collateral | 3 | $1,003,000 | $334,000 | $560,000 | $143,000 | $252,000 |
| Credit History | 2 | $447,000 | $223,000 | $360,000 | $156,000 | $247,000 |
| Unverifiable Information | 1 | $120,000 | $120,000 | $120,000 | $30,000 | $30,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Paramount Bond & Mortgage Co., Inc.'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 Paramount Bond & Mortgage Co., Inc.'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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