Southwest Securities, FSB Mortgage Lending & HMDA Data, 2008
In 2008, Southwest Securities, FSB of Dallas, TX reported 966 mortgage applications totaling $228.5 million, up 38% from 2007. The average application was for $236,524, and applicants reported an average income of $127,923. 65% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Fort Worth-Arlington, TX (321), Dallas-Plano-Irving, TX (240) and Oklahoma City, OK (99) (applications in parentheses).
| Mortgage Company & Address | Southwest Securities, FSB 1201 Elm Street Dallas, TX 75270 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 966 |
| Total Mortgage Loan Application Amount | $228,483,000 |
| Average Mortgage Loan Application Amount | $236,524 |
| Highest Mortgage Loan Application Amount | $9,800,000 |
| Average Applicant Income | $127,923 |
| Highest Applicant Income | $8,792,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Southwest Securities, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Fort Worth-Arlington, TX | 321 | $ 73,816,000 | $ 229,956 | $ 144,000 |
| Dallas-Plano-Irving, TX | 240 | $ 81,739,000 | $ 340,579 | $ 148,000 |
| Oklahoma City, OK | 99 | $ 11,061,000 | $ 111,727 | $ 59,000 |
| Houston-Sugar Land-Baytown, TX | 27 | $ 5,735,000 | $ 212,407 | $ 99,000 |
| Las Vegas-Paradise, NV | 18 | $ 4,687,000 | $ 260,388 | $ 8,000 |
| Austin-Round Rock, TX | 10 | $ 2,518,000 | $ 251,800 | $ 232,000 |
| Los Angeles-Long Beach-Glendale, CA | 7 | $ 2,704,000 | $ 386,285 | $ 132,000 |
| San Antonio, TX | 4 | $ 476,000 | $ 119,000 | $ 62,000 |
| Tyler, TX | 4 | $ 1,062,000 | $ 265,500 | $ 116,000 |
| Corpus Christi, TX | 3 | $ 400,000 | $ 133,333 | $ 50,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 3 | $ 901,000 | $ 300,333 | $ 226,000 |
| Sherman-Denison, TX | 3 | $ 513,000 | $ 171,000 | $ 160,000 |
| Waco, TX | 3 | $ 322,000 | $ 107,333 | $ 48,000 |
| Akron, OH | 2 | $ 136,000 | $ 68,000 | $ 0 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 229,000 | $ 114,500 | $ 126,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 244,000 | $ 122,000 | $ 0 |
| Chicago-Naperville-Joliet, IL | 2 | $ 576,000 | $ 288,000 | $ 185,000 |
| Orlando-Kissimmee, FL | 2 | $ 470,000 | $ 235,000 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 567,000 | $ 283,500 | $ 90,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 837,000 | $ 418,500 | $ 0 |
| Rochester, MN | 2 | $ 630,000 | $ 315,000 | $ 144,000 |
| San Angelo, TX | 2 | $ 177,000 | $ 88,500 | $ 55,000 |
| San Diego-Carlsbad-San Marcos, CA | 2 | $ 450,000 | $ 225,000 | $ 0 |
| Baltimore-Towson, MD | 1 | $ 177,000 | $ 177,000 | $ 0 |
| Baton Rouge, LA | 1 | $ 89,000 | $ 89,000 | $ 0 |
| Bethesda-Frederick-Gaithersburg, MD | 1 | $ 463,000 | $ 463,000 | $ 102,000 |
| Charlottesville, VA | 1 | $ 186,000 | $ 186,000 | $ 0 |
| College Station-Bryan, TX | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Colorado Springs, CO | 1 | $ 383,000 | $ 383,000 | $ 0 |
| Des Moines-West Des Moines, IA | 1 | $ 164,000 | $ 164,000 | $ 0 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 114,000 | $ 114,000 | $ 69,000 |
| Fort Wayne, IN | 1 | $ 300,000 | $ 300,000 | $ 96,000 |
| Green Bay, WI | 1 | $ 380,000 | $ 380,000 | $ 55,000 |
| Idaho Falls, ID | 1 | $ 130,000 | $ 130,000 | $ 0 |
| Lake Charles, LA | 1 | $ 87,000 | $ 87,000 | $ 0 |
| Lubbock, TX | 1 | $ 93,000 | $ 93,000 | $ 50,000 |
| Nassau-Suffolk, NY | 1 | $ 417,000 | $ 417,000 | $ 133,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 224,000 | $ 224,000 | $ 0 |
| Port St. Lucie, FL | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Richmond, VA | 1 | $ 202,000 | $ 202,000 | $ 0 |
| Wilmington, DE-MD-NJ | 1 | $ 250,000 | $ 250,000 | $ 0 |
| Winchester, VA-WV | 1 | $ 251,000 | $ 251,000 | $ 0 |
Mortgage Loan Application Detail Totals for Southwest Securities, FSB 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 | 647 | $150,103,000 | $231,000 | $8,632,000 | $119,000 | $3,280,000 |
| Refinancing | 294 | $77,074,000 | $262,000 | $9,800,000 | $149,000 | $8,792,000 |
| Home Improvement | 25 | $1,306,000 | $52,000 | $248,000 | $111,000 | $479,000 |
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 | 705 | $143,166,000 | $203,000 | $1,600,000 | $150,000 | $8,792,000 |
| Not applicable | 116 | $55,635,000 | $479,000 | $9,800,000 | $0 | $0 |
| Black or African American | 63 | $11,421,000 | $181,000 | $731,000 | $95,000 | $520,000 |
| Hispanic | 40 | $5,571,000 | $139,000 | $417,000 | $79,000 | $345,000 |
| Not Provided | 17 | $6,984,000 | $410,000 | $2,000,000 | $334,000 | $3,280,000 |
| Asian | 16 | $4,074,000 | $254,000 | $704,000 | $138,000 | $283,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,281,000 | $213,000 | $300,000 | $112,000 | $156,000 |
| American Indian or Alaskan Native | 3 | $351,000 | $117,000 | $127,000 | $59,000 | $96,000 |
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) | 756 | $201,545,000 | $266,000 | $9,800,000 | $148,000 | $8,792,000 |
| FHA-insured (Federal Housing Administration) | 195 | $24,386,000 | $125,000 | $365,000 | $55,000 | $198,000 |
| VA-guaranteed (Veterans Administration) | 12 | $2,200,000 | $183,000 | $417,000 | $75,000 | $175,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $352,000 | $117,000 | $135,000 | $45,000 | $48,000 |
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 | 632 | $151,737,000 | $240,000 | $9,800,000 | $126,000 | $3,280,000 |
| Application Approved But Not Accepted | 160 | $39,001,000 | $243,000 | $1,600,000 | $142,000 | $750,000 |
| Application Denied By Financial Institution | 82 | $16,014,000 | $195,000 | $731,000 | $206,000 | $8,792,000 |
| Loan Purchased By The Institution | 62 | $13,727,000 | $221,000 | $531,000 | $0 | $0 |
| File Closed For Incompleteness | 29 | $7,922,000 | $273,000 | $950,000 | $129,000 | $684,000 |
| Application Withdrawn By Applicant | 1 | $82,000 | $82,000 | $82,000 | $140,000 | $140,000 |
| 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 | 45 | $8,376,000 | $186,000 | $714,000 | $89,000 | $467,000 |
| Collateral | 15 | $2,210,000 | $147,000 | $384,000 | $653,000 | $8,792,000 |
| Debt-To-Income Ratio | 14 | $3,980,000 | $284,000 | $731,000 | $135,000 | $360,000 |
| Employment History | 3 | $401,000 | $133,000 | $167,000 | $80,000 | $128,000 |
| Unverifiable Information | 3 | $365,000 | $121,000 | $173,000 | $138,000 | $214,000 |
| Other | 2 | $682,000 | $341,000 | $621,000 | $259,000 | $360,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southwest Securities, FSB'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 Southwest Securities, FSB'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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