Republic Bank & Trust Mortgage Lending & HMDA Data, 2005
In 2005, Republic Bank & Trust of Norman, OK reported 883 mortgage applications totaling $100.1 million, up 8% from 2004. The average application was for $113,356, and applicants reported an average income of $61,407. 64% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Oklahoma City, OK (708), Fort Worth-Arlington, TX (2) and Dallas-Plano-Irving, TX (1) (applications in parentheses).
| Mortgage Company & Address | Republic Bank & Trust 401 W. Main Norman, OK 73069 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 883 |
| Total Mortgage Loan Application Amount | $100,094,000 |
| Average Mortgage Loan Application Amount | $113,356 |
| Highest Mortgage Loan Application Amount | $1,310,000 |
| Average Applicant Income | $61,407 |
| Highest Applicant Income | $7,850,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Republic Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Republic Bank & Trust in 2005
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 | 677 | $81,877,000 | $194,000 | $869,000 | $112,250 | $7,850,000 |
| Refinancing | 141 | $16,056,000 | $113,500 | $1,310,000 | $46,500 | $504,000 |
| Home Improvement | 65 | $2,161,000 | $18,500 | $235,000 | $47,500 | $453,000 |
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 | 732 | $80,397,000 | $170,250 | $869,000 | $103,000 | $7,850,000 |
| Black or African American | 42 | $4,844,000 | $116,500 | $214,000 | $59,500 | $150,000 |
| American Indian or Alaskan Native | 32 | $3,306,000 | $111,000 | $243,000 | $53,500 | $112,000 |
| Hispanic | 30 | $3,418,000 | $108,500 | $347,000 | $49,500 | $122,000 |
| Asian | 26 | $3,370,000 | $115,000 | $482,000 | $49,000 | $312,000 |
| Not applicable | 20 | $4,681,000 | $234,000 | $1,310,000 | $0 | $0 |
| Not Provided | 1 | $78,000 | $78,000 | $78,000 | $51,000 | $51,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 538 | $60,828,000 | $175,250 | $1,310,000 | $105,250 | $7,850,000 |
| FHA-insured (Federal Housing Administration) | 282 | $30,630,000 | $106,500 | $175,000 | $48,500 | $504,000 |
| VA-guaranteed (Veterans Administration) | 63 | $8,636,000 | $127,500 | $347,000 | $51,000 | $138,000 |
| 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 | 561 | $65,300,000 | $274,500 | $1,310,000 | $161,250 | $1,560,000 |
| Application Approved But Not Accepted | 106 | $11,950,000 | $133,333 | $360,000 | $65,000 | $7,850,000 |
| Preapproval Denied by Financial Institution | 87 | $9,070,000 | $104,000 | $209,000 | $42,000 | $120,000 |
| Preapproval Approved but not Accepted | 63 | $7,742,000 | $122,000 | $288,000 | $49,000 | $151,000 |
| Application Denied By Financial Institution | 59 | $5,343,000 | $95,666 | $177,000 | $37,333 | $90,000 |
| Application Withdrawn By Applicant | 7 | $689,000 | $98,000 | $200,000 | $75,000 | $154,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The 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 |
|---|---|---|---|---|---|---|
| Credit History | 85 | $8,308,000 | $95,000 | $209,000 | $50,000 | $120,000 |
| Debt-To-Income Ratio | 41 | $4,068,000 | $103,000 | $172,000 | $32,333 | $70,000 |
| Credit Application Incomplete | 14 | $1,566,000 | $117,000 | $177,000 | $38,000 | $83,000 |
| Employment History | 3 | $287,000 | $107,000 | $141,000 | $31,500 | $49,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $78,000 | $78,000 | $78,000 | $51,000 | $51,000 |
| Collateral | 1 | $91,000 | $91,000 | $91,000 | $36,000 | $36,000 |
| Unverifiable Information | 1 | $15,000 | $15,000 | $15,000 | $45,000 | $45,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Republic Bank & Trust's 2005 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 Republic Bank & Trust'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.
For a list of all lenders in Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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