Sterling Bank Mortgage Lending & HMDA Data, 2005
In 2005, Sterling Bank of Houston, TX reported 374 mortgage applications totaling $53.5 million, down 30% from 2004. The average application was for $143,173, and applicants reported an average income of $130,374. 82% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Houston-Baytown-Sugar Land, TX (272), San Antonio, TX (41) and Dallas-Plano-Irving, TX (33) (applications in parentheses).
| Mortgage Company & Address | Sterling Bank Po Box 40333 Houston, TX 77240 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 | 374 |
| Total Mortgage Loan Application Amount | $53,547,000 |
| Average Mortgage Loan Application Amount | $143,173 |
| Highest Mortgage Loan Application Amount | $3,640,000 |
| Average Applicant Income | $130,374 |
| Highest Applicant Income | $1,788,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Sterling Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Harris, Texas | 211 | $ 26,289,000 | $ 124,592 | $ 83,000 |
| Bexar, Texas | 37 | $ 4,464,000 | $ 120,648 | $ 77,000 |
| Dallas, Texas | 25 | $ 6,998,000 | $ 279,920 | $ 156,000 |
| Galveston, Texas | 20 | $ 2,294,000 | $ 114,700 | $ 96,000 |
| Fort Bend, Texas | 16 | $ 2,263,000 | $ 141,437 | $ 66,000 |
| Montgomery, Texas | 12 | $ 742,000 | $ 61,833 | $ 58,000 |
| Brazoria, Texas | 6 | $ 577,000 | $ 96,166 | $ 198,000 |
| Collin, Texas | 5 | $ 721,000 | $ 144,200 | $ 140,000 |
| Liberty, Texas | 5 | $ 175,000 | $ 35,000 | $ 83,000 |
| Riverside, California | 2 | $ 74,000 | $ 37,000 | $ 185,000 |
| Bandera, Texas | 2 | $ 60,000 | $ 30,000 | $ 36,000 |
| Hays, Texas | 2 | $ 568,000 | $ 284,000 | $ 62,000 |
| Houston, Texas | 2 | $ 58,000 | $ 29,000 | $ 59,000 |
| Nueces, Texas | 2 | $ 346,000 | $ 173,000 | $ 266,000 |
| San Jacinto, Texas | 2 | $ 570,000 | $ 285,000 | $ 212,000 |
| Tarrant, Texas | 2 | $ 81,000 | $ 40,500 | $ 174,000 |
| Pima, Arizona | 1 | $ 216,000 | $ 216,000 | $ 0 |
| Clark, Nevada | 1 | $ 19,000 | $ 19,000 | $ 58,000 |
| New York, New York | 1 | $ 2,975,000 | $ 2,975,000 | $ 0 |
| Aransas, Texas | 1 | $ 180,000 | $ 180,000 | $ 180,000 |
| Bosque, Texas | 1 | $ 62,000 | $ 62,000 | $ 180,000 |
| Caldwell, Texas | 1 | $ 32,000 | $ 32,000 | $ 100,000 |
| Colorado, Texas | 1 | $ 77,000 | $ 77,000 | $ 210,000 |
| Denton, Texas | 1 | $ 400,000 | $ 400,000 | $ 178,000 |
| Ector, Texas | 1 | $ 100,000 | $ 100,000 | $ 0 |
| Grimes, Texas | 1 | $ 90,000 | $ 90,000 | $ 39,000 |
| Henderson, Texas | 1 | $ 1,025,000 | $ 1,025,000 | $ 1,257,000 |
| Jefferson, Texas | 1 | $ 40,000 | $ 40,000 | $ 0 |
| Karnes, Texas | 1 | $ 200,000 | $ 200,000 | $ 189,000 |
| Kaufman, Texas | 1 | $ 96,000 | $ 96,000 | $ 162,000 |
| Kendall, Texas | 1 | $ 41,000 | $ 41,000 | $ 30,000 |
| Kerr, Texas | 1 | $ 82,000 | $ 82,000 | $ 319,000 |
| Lavaca, Texas | 1 | $ 224,000 | $ 224,000 | $ 587,000 |
| Llano, Texas | 1 | $ 300,000 | $ 300,000 | $ 265,000 |
| Madison, Texas | 1 | $ 88,000 | $ 88,000 | $ 184,000 |
| Matagorda, Texas | 1 | $ 225,000 | $ 225,000 | $ 971,000 |
| Medina, Texas | 1 | $ 495,000 | $ 495,000 | $ 0 |
| Rockwall, Texas | 1 | $ 60,000 | $ 60,000 | $ 60,000 |
| Weber, Utah | 1 | $ 240,000 | $ 240,000 | $ 324,000 |
Mortgage Loan Application Detail Totals for Sterling Bank in 2005
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 | 233 | $31,809,000 | $152,750 | $1,480,000 | $133,250 | $1,788,000 |
| Home Improvement | 100 | $4,400,000 | $40,500 | $500,000 | $138,000 | $480,000 |
| Refinancing | 41 | $17,338,000 | $1,667,000 | $3,640,000 | $54,500 | $1,439,000 |
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 | 156 | $22,145,000 | $109,750 | $3,160,000 | $196,000 | $1,788,000 |
| Not applicable | 138 | $27,007,000 | $1,122,000 | $3,640,000 | $0 | $0 |
| Hispanic | 47 | $2,656,000 | $56,000 | $700,000 | $83,000 | $216,000 |
| Black or African American | 19 | $1,163,000 | $61,000 | $397,000 | $81,000 | $195,000 |
| Not Provided | 8 | $340,000 | $42,000 | $129,000 | $100,000 | $264,000 |
| Asian | 5 | $190,000 | $38,000 | $84,000 | $95,000 | $197,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $46,000 | $46,000 | $46,000 | $275,000 | $275,000 |
| American Indian or Alaskan Native | 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) | 374 | $53,547,000 | $603,666 | $3,640,000 | $115,166 | $1,788,000 |
| 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 | 308 | $48,656,000 | $844,250 | $3,640,000 | $84,250 | $1,788,000 |
| Application Denied By Financial Institution | 49 | $2,286,000 | $33,000 | $1,000,000 | $59,000 | $275,000 |
| Application Approved But Not Accepted | 10 | $905,000 | $156,500 | $300,000 | $229,500 | $324,000 |
| Application Withdrawn By Applicant | 7 | $1,700,000 | $242,000 | $1,270,000 | $87,000 | $164,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 33 | $2,045,000 | $41,000 | $1,000,000 | $63,500 | $275,000 |
| Credit History | 11 | $181,000 | $16,000 | $53,000 | $50,000 | $119,000 |
| Employment History | 5 | $60,000 | $12,000 | $28,000 | $46,000 | $63,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 Sterling Bank's 2005 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 Sterling Bank'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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