Sutherland Mortgage Services Mortgage Lending & HMDA Data, 2008
In 2008, Sutherland Mortgage Services of Houston, TX reported 338 mortgage applications totaling $51.9 million. The average application was for $153,428, and applicants reported an average income of $77,115. 95% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (69), Dallas-Plano-Irving, TX (27) and Philadelphia, PA (15) (applications in parentheses).
| Mortgage Company & Address | Sutherland Mortgage Services 5959 Corporate Dr, Suite 3000 Houston, TX 77036 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 338 |
| Total Mortgage Loan Application Amount | $51,859,000 |
| Average Mortgage Loan Application Amount | $153,428 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $77,115 |
| Highest Applicant Income | $250,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sutherland Mortgage Services filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Sutherland Mortgage Services 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 | 237 | $38,387,000 | $161,000 | $417,000 | $81,000 | $250,000 |
| Home Purchase | 101 | $13,472,000 | $133,000 | $417,000 | $68,000 | $211,000 |
| 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 | 226 | $34,511,000 | $152,000 | $417,000 | $81,000 | $250,000 |
| Not Provided | 41 | $6,248,000 | $152,000 | $416,000 | $72,000 | $213,000 |
| Hispanic | 28 | $4,275,000 | $152,000 | $417,000 | $63,000 | $180,000 |
| Asian | 23 | $4,344,000 | $188,000 | $417,000 | $67,000 | $172,000 |
| Black or African American | 19 | $2,321,000 | $122,000 | $258,000 | $71,000 | $165,000 |
| American Indian or Alaskan Native | 1 | $160,000 | $160,000 | $160,000 | $104,000 | $104,000 |
| 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) | 237 | $38,026,000 | $160,000 | $417,000 | $82,000 | $250,000 |
| FHA-insured (Federal Housing Administration) | 101 | $13,833,000 | $136,000 | $300,000 | $64,000 | $167,000 |
| 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 Originated | 321 | $49,481,000 | $154,000 | $417,000 | $77,000 | $250,000 |
| Application Denied By Financial Institution | 11 | $1,340,000 | $121,000 | $291,000 | $61,000 | $180,000 |
| Application Withdrawn By Applicant | 6 | $1,038,000 | $173,000 | $244,000 | $85,000 | $150,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 3 | $459,000 | $153,000 | $291,000 | $56,000 | $62,000 |
| Other | 3 | $227,000 | $75,000 | $173,000 | $36,000 | $40,000 |
| Debt-To-Income Ratio | 2 | $116,000 | $58,000 | $62,000 | $61,000 | $74,000 |
| Employment History | 1 | $250,000 | $250,000 | $250,000 | $180,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $100,000 | $100,000 | $100,000 | $45,000 | $45,000 |
| Mortgage Insurance Denied | 1 | $188,000 | $188,000 | $188,000 | $52,000 | $52,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sutherland Mortgage Services'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 Sutherland Mortgage Services'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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