Southwest Securities, FSB Mortgage Lending & HMDA Data, 2014
In 2014, Southwest Securities, FSB of Dallas, TX reported 114 mortgage applications totaling $186.9 million, down 9% from 2013. The average application was for $1,639,578, and applicants reported an average income of $59,289. 37% of its applications resulted in an originated loan and 30% were denied. Its largest markets were Fort Worth-Arlington, TX (23), Houston-The Woodlands-Sugar Land, TX (23) and Dallas-Plano-Irving, TX (22) (applications in parentheses).
| Mortgage Company & Address | Southwest Securities, FSB 2323 Victory Ave, Suite 1400 Dallas, TX 75219 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 114 |
| Total Mortgage Loan Application Amount | $186,912,000 |
| Average Mortgage Loan Application Amount | $1,639,578 |
| Highest Mortgage Loan Application Amount | $13,575,000 |
| Average Applicant Income | $59,289 |
| Highest Applicant Income | $892,000 |
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records Southwest Securities, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 23 | $ 22,378,000 | $ 972,956 | $ 138,000 |
| Houston-The Woodlands-Sugar Land, TX | 23 | $ 72,563,000 | $ 3,154,913 | $ 12,000 |
| Dallas-Plano-Irving, TX | 22 | $ 37,823,000 | $ 1,719,227 | $ 75,000 |
| San Antonio-New Braunfels, TX | 17 | $ 24,746,000 | $ 1,455,647 | $ 0 |
| Austin-Round Rock, TX | 3 | $ 6,520,000 | $ 2,173,333 | $ 45,000 |
| Albuquerque, NM | 2 | $ 2,152,000 | $ 1,076,000 | $ 0 |
| Oklahoma City, OK | 2 | $ 4,446,000 | $ 2,223,000 | $ 0 |
| Seattle-Bellevue-Everett, WA | 2 | $ 1,369,000 | $ 684,500 | $ 0 |
| Brownsville-Harlingen, TX | 1 | $ 202,000 | $ 202,000 | $ 225,000 |
| Charleston-North Charleston, SC | 1 | $ 629,000 | $ 629,000 | $ 0 |
| College Station-Bryan, TX | 1 | $ 1,480,000 | $ 1,480,000 | $ 0 |
| Columbia, SC | 1 | $ 545,000 | $ 545,000 | $ 0 |
| Corpus Christi, TX | 1 | $ 4,500,000 | $ 4,500,000 | $ 0 |
| Hilton Head Island-Bluffton-Beaufort, SC | 1 | $ 625,000 | $ 625,000 | $ 0 |
| Las Vegas-Henderson-Paradise, NV | 1 | $ 541,000 | $ 541,000 | $ 0 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 451,000 | $ 451,000 | $ 0 |
| St. Louis, MO-IL | 1 | $ 555,000 | $ 555,000 | $ 0 |
| Tucson, AZ | 1 | $ 525,000 | $ 525,000 | $ 0 |
| Tyler, TX | 1 | $ 2,900,000 | $ 2,900,000 | $ 0 |
Mortgage Loan Application Detail Totals for Southwest Securities, FSB in 2014
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 |
|---|---|---|---|---|---|---|
| Refinancing | 73 | $106,949,000 | $1,465,000 | $8,000,000 | $55,000 | $892,000 |
| Home Purchase | 38 | $79,895,000 | $2,102,000 | $13,575,000 | $67,000 | $508,000 |
| Home Improvement | 3 | $68,000 | $22,000 | $35,000 | $66,000 | $74,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 79 | $175,794,000 | $2,225,000 | $13,575,000 | $0 | $0 |
| White | 30 | $10,325,000 | $344,000 | $1,700,000 | $213,000 | $892,000 |
| Hispanic | 3 | $223,000 | $74,000 | $100,000 | $80,000 | $118,000 |
| Asian | 1 | $60,000 | $60,000 | $60,000 | $34,000 | $34,000 |
| Black or African American | 1 | $510,000 | $510,000 | $510,000 | $138,000 | $138,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 114 | $186,912,000 | $1,639,000 | $13,575,000 | $59,000 | $892,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 42 | $70,964,000 | $1,689,000 | $7,500,000 | $77,000 | $455,000 |
| Application Denied By Financial Institution | 34 | $48,173,000 | $1,416,000 | $6,912,000 | $61,000 | $892,000 |
| Loan Purchased By The Institution | 15 | $8,016,000 | $534,000 | $731,000 | $0 | $0 |
| Application Approved But Not Accepted | 14 | $32,934,000 | $2,352,000 | $8,000,000 | $75,000 | $508,000 |
| Application Withdrawn By Applicant | 8 | $26,475,000 | $3,309,000 | $13,575,000 | $26,000 | $97,000 |
| File Closed For Incompleteness | 1 | $350,000 | $350,000 | $350,000 | $202,000 | $202,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 24 | $45,139,000 | $1,880,000 | $6,912,000 | $37,000 | $892,000 |
| Credit History | 4 | $715,000 | $178,000 | $510,000 | $73,000 | $138,000 |
| Debt-To-Income Ratio | 4 | $1,985,000 | $496,000 | $1,330,000 | $189,000 | $547,000 |
| Employment History | 1 | $84,000 | $84,000 | $84,000 | $52,000 | $52,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $250,000 | $250,000 | $250,000 | $86,000 | $86,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Southwest Securities, FSB's 2014 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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