Tcsb Mortgage Company dba Trav Mortgage Lending & HMDA Data, 2004
In 2004, Tcsb Mortgage Company dba Trav of Traverse City, MI reported 664 mortgage applications totaling $73.1 million, down 62% from 2003. The average application was for $110,152, and applicants reported an average income of $53,025. 67% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Grand Rapids-Wyoming, MI (4), Kalamazoo-Portage, MI (4) and Battle Creek, MI (3) (applications in parentheses).
| Mortgage Company & Address | Tcsb Mortgage Company dba Trav 310 W. Front Street Traverse City, MI 49684 |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 664 |
| Total Mortgage Loan Application Amount | $73,141,000 |
| Average Mortgage Loan Application Amount | $110,152 |
| Highest Mortgage Loan Application Amount | $516,000 |
| Average Applicant Income | $53,025 |
| Highest Applicant Income | $399,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Tcsb Mortgage Company dba Trav filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Tcsb Mortgage Company dba Trav in 2004
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 | 429 | $46,325,000 | $110,500 | $516,000 | $58,500 | $274,000 |
| Home Purchase | 235 | $26,816,000 | $144,500 | $334,000 | $75,000 | $399,000 |
| 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 | 656 | $72,298,000 | $117,000 | $516,000 | $61,500 | $399,000 |
| Hispanic | 3 | $252,000 | $84,000 | $103,000 | $36,000 | $44,000 |
| Not Provided | 2 | $330,000 | $165,000 | $220,000 | $70,500 | $80,000 |
| American Indian or Alaskan Native | 1 | $58,000 | $58,000 | $58,000 | $18,000 | $18,000 |
| Asian | 1 | $102,000 | $102,000 | $102,000 | $59,000 | $59,000 |
| Black or African American | 1 | $101,000 | $101,000 | $101,000 | $57,000 | $57,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 567 | $62,930,000 | $119,000 | $516,000 | $64,500 | $399,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 70 | $6,860,000 | $98,000 | $141,000 | $30,000 | $65,000 |
| FHA-insured (Federal Housing Administration) | 18 | $2,088,000 | $116,000 | $181,000 | $54,000 | $74,000 |
| VA-guaranteed (Veterans Administration) | 9 | $1,263,000 | $140,000 | $244,000 | $57,000 | $169,000 |
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 | 445 | $48,960,000 | $113,500 | $516,000 | $57,000 | $399,000 |
| Loan Purchased By The Institution | 147 | $16,077,000 | $122,000 | $334,000 | $84,500 | $278,000 |
| Application Withdrawn By Applicant | 44 | $4,977,000 | $154,500 | $230,000 | $56,500 | $160,000 |
| Application Denied By Financial Institution | 24 | $2,517,000 | $96,500 | $182,000 | $40,500 | $79,000 |
| Application Approved But Not Accepted | 3 | $470,000 | $156,000 | $171,000 | $52,000 | $66,000 |
| File Closed For Incompleteness | 1 | $140,000 | $140,000 | $140,000 | $67,000 | $67,000 |
| 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 | 14 | $1,567,000 | $100,500 | $182,000 | $38,500 | $79,000 |
| Collateral | 6 | $543,000 | $88,500 | $142,000 | $40,000 | $50,000 |
| Other | 2 | $165,000 | $82,000 | $89,000 | $38,000 | $46,000 |
| Employment History | 1 | $118,000 | $118,000 | $118,000 | $43,000 | $43,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $124,000 | $124,000 | $124,000 | $43,000 | $43,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Tcsb Mortgage Company dba Trav's 2004 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 Tcsb Mortgage Company dba Trav'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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