Republic Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Republic Bank & Trust of Norman, OK reported 960 mortgage applications totaling $114.6 million, down 5% from 2006. The average application was for $119,367, and applicants reported an average income of $83,321. 57% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Oklahoma City, OK (741), Tulsa, OK (4) and Dallas-Plano-Irving, TX (2) (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 | 960 |
| Total Mortgage Loan Application Amount | $114,593,000 |
| Average Mortgage Loan Application Amount | $119,367 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $83,321 |
| Highest Applicant Income | $6,721,000 |
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(HMDA) records Republic Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007
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 | 685 | $87,547,000 | $127,000 | $950,000 | $85,000 | $6,721,000 |
| Refinancing | 188 | $24,445,000 | $130,000 | $1,500,000 | $88,000 | $1,191,000 |
| Home Improvement | 87 | $2,601,000 | $29,000 | $209,000 | $60,000 | $540,000 |
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 | 755 | $89,780,000 | $118,000 | $1,500,000 | $92,000 | $6,721,000 |
| Black or African American | 49 | $6,957,000 | $141,000 | $360,000 | $52,000 | $136,000 |
| Not applicable | 46 | $6,229,000 | $135,000 | $994,000 | $4,000 | $84,000 |
| American Indian or Alaskan Native | 44 | $4,088,000 | $92,000 | $235,000 | $58,000 | $471,000 |
| Hispanic | 36 | $3,737,000 | $103,000 | $260,000 | $90,000 | $341,000 |
| Asian | 25 | $3,370,000 | $134,000 | $305,000 | $69,000 | $221,000 |
| Not Provided | 3 | $351,000 | $117,000 | $179,000 | $58,000 | $74,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $81,000 | $40,000 | $68,000 | $12,000 | $13,000 |
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) | 721 | $86,653,000 | $120,000 | $1,500,000 | $94,000 | $6,721,000 |
| FHA-insured (Federal Housing Administration) | 185 | $19,520,000 | $105,000 | $222,000 | $53,000 | $471,000 |
| VA-guaranteed (Veterans Administration) | 54 | $8,420,000 | $155,000 | $310,000 | $53,000 | $142,000 |
| 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 | 546 | $63,898,000 | $117,000 | $1,500,000 | $79,000 | $1,191,000 |
| Application Approved But Not Accepted | 156 | $19,977,000 | $128,000 | $628,000 | $137,000 | $6,721,000 |
| Preapproval Denied by Financial Institution | 100 | $11,752,000 | $117,000 | $320,000 | $44,000 | $175,000 |
| Preapproval Approved but not Accepted | 87 | $11,382,000 | $130,000 | $950,000 | $63,000 | $360,000 |
| Application Denied By Financial Institution | 54 | $5,501,000 | $101,000 | $350,000 | $70,000 | $955,000 |
| Application Withdrawn By Applicant | 17 | $2,083,000 | $122,000 | $300,000 | $103,000 | $341,000 |
| 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 | 87 | $10,085,000 | $115,000 | $320,000 | $61,000 | $955,000 |
| Debt-To-Income Ratio | 50 | $5,388,000 | $107,000 | $350,000 | $38,000 | $157,000 |
| Credit Application Incomplete | 5 | $498,000 | $99,000 | $128,000 | $60,000 | $175,000 |
| Other | 4 | $403,000 | $100,000 | $206,000 | $61,000 | $134,000 |
| Collateral | 3 | $204,000 | $68,000 | $134,000 | $61,000 | $75,000 |
| Unverifiable Information | 2 | $349,000 | $174,000 | $226,000 | $64,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $246,000 | $123,000 | $148,000 | $50,000 | $55,000 |
| Employment History | 1 | $80,000 | $80,000 | $80,000 | $15,000 | $15,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Republic Bank & Trust's 2007 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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