Primelending Mortgage Lending & HMDA Data, 2003

In 2003, Primelending of Dallas, TX reported 12,356 mortgage applications totaling $1.9 billion. The average application was for $153,269, and applicants reported an average income of $77,781. 91% of its applications resulted in an originated loan and 1% were denied. Its largest markets were Dallas, TX (7,661), Fort Worth-Arlington, TX (1,568) and Austin-San Marcos, TX (714) (applications in parentheses).

Mortgage Company & Address Primelending
18111 Preston Road Suite 900
Dallas, TX 75252
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 12,356
Total Mortgage Loan Application Amount $1,893,797,000
Average Mortgage Loan Application Amount $153,269
Highest Mortgage Loan Application Amount $1,658,000
Average Applicant Income $77,781
Highest Applicant Income $4,028,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Primelending filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Primelending in 2003

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 (home purchase or home improvement, one-to-four family) 8,722 $1,352,540,000 $175,972 $1,658,000 $41,918 $4,028,000
Home Purchase (one-to-four family) 3,634 $541,257,000 $181,230 $1,500,000 $51,564 $1,554,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 0 $0 $0 $0 $0 $0
Home Improvement (one-to-four family) 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 8,263 $1,286,671,000 $166,633 $1,609,000 $93,533 $4,028,000
Information not provided by applicant in mail or telephone application 1,653 $270,322,000 $161,967 $1,500,000 $84,193 $1,554,000
Hispanic 874 $103,900,000 $110,888 $1,658,000 $37,555 $910,000
Black 664 $82,786,000 $151,461 $872,000 $66,923 $528,000
Not applicable 352 $66,429,000 $205,567 $1,285,000 $162 $85,000
Asian or Pacific Islander 289 $43,374,000 $224,714 $953,000 $134,142 $380,000
Other 207 $30,430,000 $130,142 $639,000 $38,000 $483,000
American Indian or Alaskan Native 54 $9,885,000 $151,400 $1,313,000 $56,200 $1,183,000

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) 8,887 $1,479,660,000 $181,800 $1,658,000 $48,375 $4,028,000
FHA-insured (Federal Housing Administration) 3,154 $370,172,000 $113,058 $225,000 $14,058 $424,000
VA-guaranteed (Veterans Administration) 315 $43,965,000 $145,500 $276,000 $22,916 $350,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 11,302 $1,722,784,000 $168,909 $1,658,000 $104,696 $1,554,000
Loan Purchased By The Institution 365 $68,268,000 $204,162 $1,285,000 $1,513 $324,000
Application Approved But Not Accepted 273 $39,136,000 $129,866 $819,000 $58,866 $540,000
Application Withdrawn By Applicant 272 $47,453,000 $177,875 $1,609,000 $54,312 $1,044,000
Application Denied By Financial Institution 137 $15,702,000 $101,125 $640,000 $40,375 $4,028,000
File Closed For Incompleteness 7 $454,000 $76,666 $88,000 $52,666 $102,000

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 60 $5,703,000 $89,571 $560,000 $24,428 $300,000
Credit Application Incomplete 20 $2,321,000 $105,000 $636,000 $75,500 $240,000
Collateral 17 $2,387,000 $106,800 $508,000 $74,400 $546,000
Debt-To-Income Ratio 14 $1,843,000 $114,000 $640,000 $51,500 $262,000
Other 9 $1,039,000 $130,333 $154,000 $45,000 $240,000
Insufficient Cash (Downpayment, Closing Cost) 4 $359,000 $72,500 $158,000 $35,500 $60,000
Unverifiable Information 1 $124,000 $124,000 $124,000 $41,000 $41,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Primelending's 2003 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 Primelending'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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