Steele Street Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Steele Street Bank & Trust of Denver, CO reported 67 mortgage applications totaling $31.7 million, down 7% from 2007. The average application was for $472,865, and applicants reported an average income of $514,731. 81% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Denver-Aurora, CO (62), Phoenix-Mesa-Scottsdale, AZ (2) and Colorado Springs, CO (1) (applications in parentheses).
| Mortgage Company & Address | Steele Street Bank & Trust 55 Adams Street Denver, CO 80206 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 67 |
| Total Mortgage Loan Application Amount | $31,682,000 |
| Average Mortgage Loan Application Amount | $472,865 |
| Highest Mortgage Loan Application Amount | $2,750,000 |
| Average Applicant Income | $514,731 |
| Highest Applicant Income | $4,906,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Steele Street Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Denver, Colorado | 31 | $ 18,654,000 | $ 601,741 | $ 283,000 |
| Arapahoe, Colorado | 18 | $ 7,690,000 | $ 427,222 | $ 900,000 |
| Adams, Colorado | 9 | $ 509,000 | $ 56,555 | $ 796,000 |
| Jefferson, Colorado | 3 | $ 481,000 | $ 160,333 | $ 454,000 |
| Maricopa, Arizona | 2 | $ 2,123,000 | $ 1,061,500 | $ 353,000 |
| Douglas, Colorado | 1 | $ 590,000 | $ 590,000 | $ 0 |
| El Paso, Colorado | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Summit, Colorado | 1 | $ 264,000 | $ 264,000 | $ 306,000 |
| New York, New York | 1 | $ 371,000 | $ 371,000 | $ 0 |
Mortgage Loan Application Detail Totals for Steele Street 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 | 48 | $20,962,000 | $436,000 | $2,750,000 | $612,000 | $4,906,000 |
| Refinancing | 19 | $10,720,000 | $564,000 | $1,600,000 | $269,000 | $1,363,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 46 | $14,710,000 | $319,000 | $1,760,000 | $683,000 | $4,906,000 |
| Not applicable | 18 | $14,152,000 | $786,000 | $2,750,000 | $68,000 | $1,229,000 |
| Not Provided | 1 | $1,840,000 | $1,840,000 | $1,840,000 | $648,000 | $648,000 |
| Black or African American | 1 | $680,000 | $680,000 | $680,000 | $0 | $0 |
| Hispanic | 1 | $300,000 | $300,000 | $300,000 | $1,180,000 | $1,180,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 67 | $31,682,000 | $472,000 | $2,750,000 | $515,000 | $4,906,000 |
| 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 | 54 | $20,587,000 | $381,000 | $2,750,000 | $614,000 | $4,906,000 |
| Application Approved But Not Accepted | 6 | $5,104,000 | $850,000 | $2,232,000 | $98,000 | $281,000 |
| Application Denied By Financial Institution | 4 | $4,595,000 | $1,148,000 | $1,840,000 | $189,000 | $648,000 |
| Application Withdrawn By Applicant | 3 | $1,396,000 | $465,000 | $900,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 2 | $1,355,000 | $677,000 | $680,000 | $0 | $0 |
| Collateral | 1 | $1,400,000 | $1,400,000 | $1,400,000 | $108,000 | $108,000 |
| Other | 1 | $1,840,000 | $1,840,000 | $1,840,000 | $648,000 | $648,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 Steele Street 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 Steele Street 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 Colorado, download the full spreadsheet
with aggregated HMDA statistics today.
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