Prosper Bank Mortgage Lending & HMDA Data, 2009
In 2009, Prosper Bank of Prosper, TX reported 168 mortgage applications totaling $33.1 million, up 5% from 2008. The average application was for $196,976, and applicants reported an average income of $89,535. 80% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Dallas-Plano-Irving, TX (108), Houston-Sugar Land-Baytown, TX (16) and Austin-Round Rock, TX (8) (applications in parentheses).
| Mortgage Company & Address | Prosper Bank P O Box 10 Prosper, TX 75078 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2015 2014 2013 2012 2011 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 168 |
| Total Mortgage Loan Application Amount | $33,092,000 |
| Average Mortgage Loan Application Amount | $196,976 |
| Highest Mortgage Loan Application Amount | $840,000 |
| Average Applicant Income | $89,535 |
| Highest Applicant Income | $377,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Prosper Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Dallas-Plano-Irving, TX | 108 | $ 22,034,000 | $ 204,018 | $ 98,000 |
| Houston-Sugar Land-Baytown, TX | 16 | $ 2,599,000 | $ 162,437 | $ 64,000 |
| Austin-Round Rock, TX | 8 | $ 1,759,000 | $ 219,875 | $ 94,000 |
| Fort Worth-Arlington, TX | 8 | $ 1,402,000 | $ 175,250 | $ 50,000 |
| San Antonio, TX | 6 | $ 1,509,000 | $ 251,500 | $ 160,000 |
| Killeen-Temple-Fort Hood, TX | 4 | $ 553,000 | $ 138,250 | $ 30,000 |
| Amarillo, TX | 2 | $ 417,000 | $ 208,500 | $ 40,000 |
| El Paso, TX | 2 | $ 270,000 | $ 135,000 | $ 35,000 |
| Sherman-Denison, TX | 2 | $ 500,000 | $ 250,000 | $ 90,000 |
| Tyler, TX | 2 | $ 343,000 | $ 171,500 | $ 96,000 |
| College Station-Bryan, TX | 1 | $ 152,000 | $ 152,000 | $ 95,000 |
| Lubbock, TX | 1 | $ 97,000 | $ 97,000 | $ 0 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 133,000 | $ 133,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for Prosper Bank in 2009
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 | 129 | $25,770,000 | $199,000 | $840,000 | $90,000 | $377,000 |
| Home Purchase | 39 | $7,322,000 | $187,000 | $417,000 | $88,000 | $221,000 |
| 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 | 132 | $26,753,000 | $202,000 | $840,000 | $95,000 | $377,000 |
| Hispanic | 13 | $2,289,000 | $176,000 | $330,000 | $78,000 | $217,000 |
| Black or African American | 10 | $1,974,000 | $197,000 | $360,000 | $72,000 | $189,000 |
| Not Provided | 7 | $856,000 | $122,000 | $145,000 | $33,000 | $85,000 |
| Asian | 4 | $929,000 | $232,000 | $376,000 | $104,000 | $146,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $255,000 | $255,000 | $255,000 | $0 | $0 |
| Not applicable | 1 | $36,000 | $36,000 | $36,000 | $97,000 | $97,000 |
| 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) | 104 | $22,707,000 | $218,000 | $840,000 | $118,000 | $377,000 |
| FHA-insured (Federal Housing Administration) | 63 | $10,146,000 | $161,000 | $276,000 | $43,000 | $169,000 |
| VA-guaranteed (Veterans Administration) | 1 | $239,000 | $239,000 | $239,000 | $66,000 | $66,000 |
| 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 | 134 | $27,095,000 | $202,000 | $417,000 | $97,000 | $377,000 |
| Application Denied By Financial Institution | 22 | $3,962,000 | $180,000 | $840,000 | $62,000 | $245,000 |
| Application Approved But Not Accepted | 9 | $1,506,000 | $167,000 | $257,000 | $67,000 | $140,000 |
| File Closed For Incompleteness | 3 | $529,000 | $176,000 | $244,000 | $24,000 | $72,000 |
| Application Withdrawn By Applicant | 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 | 8 | $1,246,000 | $155,000 | $330,000 | $85,000 | $130,000 |
| Credit History | 6 | $669,000 | $111,000 | $158,000 | $23,000 | $75,000 |
| Collateral | 3 | $458,000 | $152,000 | $255,000 | $32,000 | $66,000 |
| Employment History | 1 | $360,000 | $360,000 | $360,000 | $89,000 | $89,000 |
| 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 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Prosper Bank's 2009 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 Prosper Bank'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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