Paramount Bond & Mortgage Co., Inc. Mortgage Lending & HMDA Data, 2016
In 2016, Paramount Bond & Mortgage Co., Inc. of Saint Louis, MO reported 1,242 mortgage applications totaling $254.3 million, up 7% from 2015. The average application was for $204,712, and applicants reported an average income of $106,003. 82% of its applications resulted in an originated loan and 1% were denied. Its largest markets were St. Louis, MO-IL (1,004), Tampa-St. Petersburg-Clearwater, FL (122) and Springfield, IL (19) (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 | 1,242 |
| Total Mortgage Loan Application Amount | $254,253,000 |
| Average Mortgage Loan Application Amount | $204,712 |
| Highest Mortgage Loan Application Amount | $1,407,000 |
| Average Applicant Income | $106,003 |
| Highest Applicant Income | $2,147,000 |
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Paramount Bond & Mortgage Co., Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016
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 | 794 | $153,782,000 | $193,000 | $1,000,000 | $97,000 | $1,368,000 |
| Refinancing | 439 | $98,981,000 | $225,000 | $1,407,000 | $122,000 | $2,147,000 |
| Home Improvement | 9 | $1,490,000 | $165,000 | $314,000 | $120,000 | $258,000 |
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 |
|---|---|---|---|---|---|---|
| White | 1,112 | $230,119,000 | $206,000 | $1,407,000 | $107,000 | $2,147,000 |
| Black or African American | 40 | $6,104,000 | $152,000 | $292,000 | $64,000 | $155,000 |
| Hispanic | 33 | $6,212,000 | $188,000 | $383,000 | $122,000 | $1,368,000 |
| Asian | 31 | $7,292,000 | $235,000 | $850,000 | $132,000 | $320,000 |
| Not Provided | 24 | $4,168,000 | $173,000 | $450,000 | $78,000 | $240,000 |
| American Indian or Alaskan Native | 1 | $286,000 | $286,000 | $286,000 | $145,000 | $145,000 |
| Native Hawaiin or Other Pacific Islander | 1 | $72,000 | $72,000 | $72,000 | $40,000 | $40,000 |
| 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) | 812 | $180,775,000 | $222,000 | $1,407,000 | $131,000 | $2,147,000 |
| FHA-insured (Federal Housing Administration) | 289 | $45,232,000 | $156,000 | $285,000 | $58,000 | $232,000 |
| VA-guaranteed (Veterans Administration) | 117 | $23,979,000 | $204,000 | $495,000 | $58,000 | $253,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 24 | $4,267,000 | $177,000 | $279,000 | $61,000 | $114,000 |
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 | 1,023 | $210,523,000 | $205,000 | $1,407,000 | $105,000 | $1,698,000 |
| Application Withdrawn By Applicant | 201 | $40,986,000 | $203,000 | $896,000 | $114,000 | $2,147,000 |
| Application Denied By Financial Institution | 17 | $2,338,000 | $137,000 | $328,000 | $73,000 | $214,000 |
| File Closed For Incompleteness | 1 | $406,000 | $406,000 | $406,000 | $124,000 | $124,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 6 | $948,000 | $158,000 | $265,000 | $59,000 | $106,000 |
| Debt-To-Income Ratio | 4 | $592,000 | $148,000 | $271,000 | $72,000 | $102,000 |
| Collateral | 3 | $265,000 | $88,000 | $167,000 | $91,000 | $152,000 |
| Employment History | 2 | $134,000 | $67,000 | $70,000 | $37,000 | $42,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $71,000 | $71,000 | $71,000 | $38,000 | $38,000 |
| Credit History | 1 | $328,000 | $328,000 | $328,000 | $214,000 | $214,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Paramount Bond & Mortgage Co., Inc.'s 2016 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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