Republic Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Republic Bank & Trust of Norman, OK reported 1,219 mortgage applications totaling $165.9 million, up 27% from 2007. The average application was for $136,095, and applicants reported an average income of $93,436. 57% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Oklahoma City, OK (922), Tulsa, OK (3) 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 | 1,219 |
| Total Mortgage Loan Application Amount | $165,900,000 |
| Average Mortgage Loan Application Amount | $136,095 |
| Highest Mortgage Loan Application Amount | $1,416,000 |
| Average Applicant Income | $93,436 |
| Highest Applicant Income | $8,028,000 |
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(HMDA) records Republic Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 865 | $125,005,000 | $144,000 | $1,416,000 | $91,000 | $8,028,000 |
| Refinancing | 243 | $35,320,000 | $145,000 | $951,000 | $95,000 | $962,000 |
| Home Improvement | 111 | $5,575,000 | $50,000 | $510,000 | $109,000 | $878,000 |
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 | 987 | $136,258,000 | $138,000 | $1,416,000 | $97,000 | $8,028,000 |
| Not applicable | 57 | $8,681,000 | $152,000 | $1,060,000 | $0 | $0 |
| American Indian or Alaskan Native | 54 | $5,241,000 | $97,000 | $261,000 | $79,000 | $481,000 |
| Black or African American | 41 | $4,859,000 | $118,000 | $314,000 | $51,000 | $118,000 |
| Hispanic | 33 | $4,442,000 | $134,000 | $336,000 | $60,000 | $145,000 |
| Asian | 28 | $4,088,000 | $146,000 | $400,000 | $316,000 | $6,368,000 |
| Not Provided | 11 | $1,128,000 | $102,000 | $225,000 | $70,000 | $107,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,203,000 | $150,000 | $417,000 | $76,000 | $132,000 |
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) | 751 | $106,499,000 | $141,000 | $1,416,000 | $118,000 | $8,028,000 |
| FHA-insured (Federal Housing Administration) | 388 | $47,793,000 | $123,000 | $281,000 | $54,000 | $521,000 |
| VA-guaranteed (Veterans Administration) | 75 | $11,100,000 | $148,000 | $315,000 | $62,000 | $170,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $508,000 | $101,000 | $127,000 | $38,000 | $51,000 |
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 | 698 | $97,791,000 | $140,000 | $1,416,000 | $114,000 | $8,028,000 |
| Application Approved But Not Accepted | 167 | $23,903,000 | $143,000 | $1,350,000 | $90,000 | $663,000 |
| Preapproval Approved but not Accepted | 151 | $20,247,000 | $134,000 | $417,000 | $60,000 | $235,000 |
| Preapproval Denied by Financial Institution | 114 | $13,623,000 | $119,000 | $269,000 | $46,000 | $157,000 |
| Application Denied By Financial Institution | 70 | $8,137,000 | $116,000 | $765,000 | $48,000 | $116,000 |
| Application Withdrawn By Applicant | 19 | $2,199,000 | $115,000 | $385,000 | $81,000 | $463,000 |
| 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 | 109 | $11,712,000 | $107,000 | $269,000 | $49,000 | $157,000 |
| Debt-To-Income Ratio | 58 | $8,236,000 | $142,000 | $765,000 | $42,000 | $116,000 |
| Collateral | 5 | $507,000 | $101,000 | $189,000 | $45,000 | $78,000 |
| Other | 4 | $444,000 | $111,000 | $133,000 | $58,000 | $87,000 |
| Unverifiable Information | 4 | $352,000 | $88,000 | $182,000 | $48,000 | $99,000 |
| Employment History | 2 | $278,000 | $139,000 | $155,000 | $88,000 | $111,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $231,000 | $115,000 | $152,000 | $57,000 | $91,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Republic Bank & Trust'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 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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