Southtrust Mort dba Equibanc Mortgage Lending & HMDA Data, 2007
In 2007, Southtrust Mort dba Equibanc of Charlotte, NC reported 265 mortgage applications totaling $43.9 million, down 95% from 2006. The average application was for $165,800, and applicants reported an average income of $79,943. 29% of its applications resulted in an originated loan and 37% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (49), Houston-Sugar Land-Baytown, TX (15) and Baltimore-Towson, MD (13) (applications in parentheses).
| Mortgage Company & Address | Southtrust Mort dba Equibanc 301 S College St Charlotte, NC 28202 |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 |
| Total Number of Mortgage Applications | 265 |
| Total Mortgage Loan Application Amount | $43,937,000 |
| Average Mortgage Loan Application Amount | $165,800 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $79,943 |
| Highest Applicant Income | $432,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Southtrust Mort dba Equibanc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Atlanta-Sandy Springs-Marietta, GA | 49 | $ 5,857,000 | $ 119,530 | $ 76,000 |
| Houston-Sugar Land-Baytown, TX | 15 | $ 1,719,000 | $ 114,600 | $ 81,000 |
| Baltimore-Towson, MD | 13 | $ 2,559,000 | $ 196,846 | $ 62,000 |
| Orlando-Kissimmee, FL | 13 | $ 3,957,000 | $ 304,384 | $ 124,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 12 | $ 3,605,000 | $ 300,416 | $ 107,166 |
| Charlotte-Gastonia-Concord, NC-SC | 10 | $ 1,711,000 | $ 171,100 | $ 65,800 |
| Philadelphia, PA | 10 | $ 1,303,000 | $ 130,300 | $ 106,000 |
| Camden, NJ | 7 | $ 1,085,000 | $ 155,000 | $ 118,000 |
| Indianapolis-Carmel, IN | 7 | $ 919,000 | $ 131,285 | $ 50,000 |
| Jacksonville, FL | 7 | $ 795,000 | $ 113,571 | $ 61,000 |
| Richmond, VA | 6 | $ 1,101,000 | $ 183,500 | $ 79,000 |
| Lakeland, FL | 5 | $ 501,000 | $ 100,200 | $ 57,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 751,000 | $ 150,200 | $ 81,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 742,000 | $ 185,500 | $ 95,000 |
| Greensboro-High Point, NC | 4 | $ 645,000 | $ 161,250 | $ 77,000 |
| Newark-Union, NJ-PA | 4 | $ 1,256,000 | $ 314,000 | $ 106,000 |
| Lexington-Fayette, KY | 3 | $ 226,000 | $ 75,333 | $ 98,000 |
| Memphis, TN-MS-AR | 3 | $ 450,000 | $ 150,000 | $ 52,000 |
| Naples-Marco Island, FL | 3 | $ 565,000 | $ 188,333 | $ 119,000 |
| Sarasota-Bradenton-Venice, FL | 3 | $ 826,000 | $ 275,333 | $ 102,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 3 | $ 776,000 | $ 258,666 | $ 77,000 |
| Wilmington, DE-MD-NJ | 3 | $ 464,000 | $ 154,666 | $ 87,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 395,000 | $ 197,500 | $ 54,000 |
| Auburn-Opelika, AL | 2 | $ 244,000 | $ 122,000 | $ 39,000 |
| Augusta-Richmond County, GA-SC | 2 | $ 241,000 | $ 120,500 | $ 86,000 |
| Burlington, NC | 2 | $ 402,000 | $ 201,000 | $ 96,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 769,000 | $ 384,500 | $ 85,000 |
| Columbia, SC | 2 | $ 300,000 | $ 150,000 | $ 56,000 |
| Dallas-Plano-Irving, TX | 2 | $ 550,000 | $ 275,000 | $ 258,000 |
| Elizabethtown, KY | 2 | $ 326,000 | $ 163,000 | $ 57,000 |
| Milwaukee-Waukesha-West Allis, WI | 2 | $ 194,000 | $ 97,000 | $ 78,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 559,000 | $ 279,500 | $ 106,000 |
| Pittsburgh, PA | 2 | $ 228,000 | $ 114,000 | $ 55,000 |
| Raleigh-Cary, NC | 2 | $ 373,000 | $ 186,500 | $ 79,000 |
| San Antonio, TX | 2 | $ 137,000 | $ 68,500 | $ 39,000 |
| Sebastian-Vero Beach, FL | 2 | $ 391,000 | $ 195,500 | $ 60,000 |
| Winston-Salem, NC | 2 | $ 168,000 | $ 84,000 | $ 38,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 120,000 | $ 120,000 | $ 45,000 |
| Charleston-North Charleston, SC | 1 | $ 234,000 | $ 234,000 | $ 90,000 |
| Chicago-Naperville-Joliet, IL | 1 | $ 227,000 | $ 227,000 | $ 54,000 |
| Dayton, OH | 1 | $ 64,000 | $ 64,000 | $ 17,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 180,000 | $ 180,000 | $ 69,000 |
| Durham, NC | 1 | $ 158,000 | $ 158,000 | $ 27,000 |
| Fort Worth-Arlington, TX | 1 | $ 152,000 | $ 152,000 | $ 122,000 |
| Gainesville, FL | 1 | $ 150,000 | $ 150,000 | $ 50,000 |
| Harrisburg-Carlisle, PA | 1 | $ 180,000 | $ 180,000 | $ 59,000 |
| Hattiesburg, MS | 1 | $ 181,000 | $ 181,000 | $ 86,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 70,000 | $ 70,000 | $ 30,000 |
| Kansas City, MO-KS | 1 | $ 75,000 | $ 75,000 | $ 33,000 |
| Louisville-Jefferson County, KY-IN | 1 | $ 140,000 | $ 140,000 | $ 45,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 221,000 | $ 221,000 | $ 49,000 |
| Mobile, AL | 1 | $ 171,000 | $ 171,000 | $ 92,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 1 | $ 276,000 | $ 276,000 | $ 101,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 135,000 | $ 135,000 | $ 53,000 |
| Punta Gorda, FL | 1 | $ 149,000 | $ 149,000 | $ 50,000 |
| Savannah, GA | 1 | $ 341,000 | $ 341,000 | $ 174,000 |
| Sherman-Denison, TX | 1 | $ 171,000 | $ 171,000 | $ 54,000 |
| Texarkana, Tx-Texarkana, AR | 1 | $ 64,000 | $ 64,000 | $ 46,000 |
| Trenton-Ewing, NJ | 1 | $ 327,000 | $ 327,000 | $ 82,000 |
| Warner Robins, GA | 1 | $ 64,000 | $ 64,000 | $ 31,000 |
Mortgage Loan Application Detail Totals for Southtrust Mort dba Equibanc 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 | 145 | $23,796,000 | $164,000 | $600,000 | $89,000 | $432,000 |
| Refinancing | 120 | $20,141,000 | $167,000 | $550,000 | $69,000 | $300,000 |
| 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 |
|---|---|---|---|---|---|---|
| Black or African American | 123 | $20,125,000 | $163,000 | $596,000 | $81,000 | $300,000 |
| White | 88 | $14,374,000 | $163,000 | $565,000 | $82,000 | $432,000 |
| Hispanic | 25 | $4,921,000 | $196,000 | $600,000 | $70,000 | $132,000 |
| Not Provided | 23 | $3,765,000 | $163,000 | $327,000 | $75,000 | $141,000 |
| Asian | 5 | $588,000 | $117,000 | $205,000 | $88,000 | $144,000 |
| American Indian or Alaskan Native | 1 | $164,000 | $164,000 | $164,000 | $32,000 | $32,000 |
| 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) | 265 | $43,937,000 | $165,000 | $600,000 | $80,000 | $432,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 98 | $16,874,000 | $172,000 | $600,000 | $77,000 | $300,000 |
| Application Approved But Not Accepted | 80 | $13,964,000 | $174,000 | $565,000 | $92,000 | $432,000 |
| Loan Originated | 77 | $11,388,000 | $147,000 | $496,000 | $71,000 | $234,000 |
| Application Withdrawn By Applicant | 10 | $1,711,000 | $171,000 | $364,000 | $79,000 | $123,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 33 | $5,076,000 | $153,000 | $495,000 | $69,000 | $168,000 |
| Debt-To-Income Ratio | 21 | $4,131,000 | $196,000 | $565,000 | $72,000 | $151,000 |
| Other | 19 | $3,454,000 | $181,000 | $596,000 | $89,000 | $300,000 |
| Collateral | 12 | $1,609,000 | $134,000 | $271,000 | $70,000 | $118,000 |
| Unverifiable Information | 9 | $1,927,000 | $214,000 | $600,000 | $95,000 | $171,000 |
| Employment History | 2 | $273,000 | $136,000 | $143,000 | $60,000 | $61,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $404,000 | $202,000 | $323,000 | $127,000 | $127,000 |
| 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 Southtrust Mort dba Equibanc'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 Southtrust Mort dba Equibanc'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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