Texstar Bank / Fnb Monahans Mortgage Lending & HMDA Data, 2008
In 2008, Texstar Bank / Fnb Monahans of Midland, TX reported 271 mortgage applications totaling $32.1 million, down 41% from 2007. The average application was for $118,354, and applicants reported an average income of $161,450. 73% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Midland, TX (92), San Antonio, TX (39) and Odessa, TX (18) (applications in parentheses).
| Mortgage Company & Address | Texstar Bank / Fnb Monahans 600 N Marienfeld Ste 100 Midland, TX 79701 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 271 |
| Total Mortgage Loan Application Amount | $32,074,000 |
| Average Mortgage Loan Application Amount | $118,354 |
| Highest Mortgage Loan Application Amount | $865,000 |
| Average Applicant Income | $161,450 |
| Highest Applicant Income | $9,400,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Texstar Bank / Fnb Monahans filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Texstar Bank / Fnb Monahans 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 | 190 | $26,813,000 | $141,000 | $865,000 | $148,000 | $9,400,000 |
| Home Improvement | 54 | $1,227,000 | $22,000 | $260,000 | $62,000 | $327,000 |
| Refinancing | 27 | $4,034,000 | $149,000 | $557,000 | $455,000 | $9,400,000 |
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 | 167 | $22,362,000 | $133,000 | $865,000 | $219,000 | $9,400,000 |
| Hispanic | 82 | $6,132,000 | $74,000 | $645,000 | $71,000 | $470,000 |
| Not applicable | 10 | $1,597,000 | $159,000 | $269,000 | $0 | $0 |
| Not Provided | 6 | $1,304,000 | $217,000 | $650,000 | $69,000 | $151,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $260,000 | $130,000 | $220,000 | $287,000 | $310,000 |
| Asian | 2 | $330,000 | $165,000 | $287,000 | $129,000 | $164,000 |
| Black or African American | 1 | $2,000 | $2,000 | $2,000 | $14,000 | $14,000 |
| American Indian or Alaskan Native | 1 | $87,000 | $87,000 | $87,000 | $78,000 | $78,000 |
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) | 242 | $28,840,000 | $119,000 | $865,000 | $174,000 | $9,400,000 |
| FHA-insured (Federal Housing Administration) | 29 | $3,234,000 | $111,000 | $243,000 | $58,000 | $121,000 |
| 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 | 198 | $23,044,000 | $116,000 | $865,000 | $187,000 | $9,400,000 |
| Application Denied By Financial Institution | 35 | $2,838,000 | $81,000 | $645,000 | $70,000 | $340,000 |
| Application Withdrawn By Applicant | 23 | $3,435,000 | $149,000 | $417,000 | $89,000 | $334,000 |
| Application Approved But Not Accepted | 14 | $2,711,000 | $193,000 | $650,000 | $156,000 | $340,000 |
| File Closed For Incompleteness | 1 | $46,000 | $46,000 | $46,000 | $180,000 | $180,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 15 | $638,000 | $42,000 | $150,000 | $57,000 | $118,000 |
| Collateral | 7 | $631,000 | $90,000 | $417,000 | $87,000 | $192,000 |
| Debt-To-Income Ratio | 6 | $1,120,000 | $186,000 | $645,000 | $55,000 | $98,000 |
| Other | 3 | $357,000 | $119,000 | $152,000 | $173,000 | $340,000 |
| Employment History | 2 | $9,000 | $4,000 | $8,000 | $23,000 | $30,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $63,000 | $63,000 | $63,000 | $32,000 | $32,000 |
| Unverifiable Information | 1 | $20,000 | $20,000 | $20,000 | $44,000 | $44,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Texstar Bank / Fnb Monahans'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 Texstar Bank / Fnb Monahans'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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