Sterling Bank Mortgage Lending & HMDA Data, 2011
In 2011, Sterling Bank of Houston, TX reported 305 mortgage applications totaling $42.3 million. The average application was for $138,829, and applicants reported an average income of $121,527. 37% of its applications resulted in an originated loan and 48% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (169), San Antonio-New Braunfels, TX (35) and Dallas-Plano-Irving, TX (34) (applications in parentheses).
| Mortgage Company & Address | Sterling Bank 2900 North Loop West - Mc 6275 Houston, TX 77092 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2011 |
| Total Number of Mortgage Applications | 305 |
| Total Mortgage Loan Application Amount | $42,343,000 |
| Average Mortgage Loan Application Amount | $138,829 |
| Highest Mortgage Loan Application Amount | $2,308,000 |
| Average Applicant Income | $121,527 |
| Highest Applicant Income | $1,632,000 |
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Act (HMDA) records Sterling Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Sterling Bank in 2011
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 Improvement | 135 | $6,599,000 | $48,000 | $750,000 | $90,000 | $297,000 |
| Refinancing | 92 | $15,553,000 | $169,000 | $750,000 | $125,000 | $1,632,000 |
| Home Purchase | 78 | $20,191,000 | $258,000 | $2,308,000 | $172,000 | $1,548,000 |
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 | 177 | $26,195,000 | $147,000 | $1,500,000 | $135,000 | $1,632,000 |
| Hispanic | 53 | $4,069,000 | $76,000 | $280,000 | $71,000 | $408,000 |
| Not Provided | 44 | $7,229,000 | $164,000 | $2,308,000 | $152,000 | $704,000 |
| Black or African American | 16 | $997,000 | $62,000 | $470,000 | $52,000 | $175,000 |
| Asian | 10 | $2,636,000 | $263,000 | $1,500,000 | $180,000 | $1,095,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $74,000 | $37,000 | $47,000 | $38,000 | $42,000 |
| Not applicable | 2 | $1,108,000 | $554,000 | $750,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $35,000 | $35,000 | $35,000 | $40,000 | $40,000 |
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) | 305 | $42,343,000 | $138,000 | $2,308,000 | $122,000 | $1,632,000 |
| 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 | 147 | $11,567,000 | $78,000 | $417,000 | $85,000 | $408,000 |
| Loan Originated | 112 | $17,894,000 | $159,000 | $1,500,000 | $138,000 | $1,548,000 |
| Application Approved But Not Accepted | 37 | $10,306,000 | $278,000 | $2,308,000 | $192,000 | $1,632,000 |
| Application Withdrawn By Applicant | 7 | $938,000 | $134,000 | $332,000 | $116,000 | $187,000 |
| File Closed For Incompleteness | 2 | $1,638,000 | $819,000 | $1,500,000 | $586,000 | $1,095,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sterling Bank's 2011 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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