Texstar Bank / Fnb Monahans Mortgage Lending & HMDA Data, 2004
In 2004, Texstar Bank / Fnb Monahans of Midland, TX reported 208 mortgage applications totaling $16.7 million, up 42% from 2003. The average application was for $80,423, and applicants reported an average income of $87,942. 93% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Lubbock, TX (98), Midland, TX (65) and Odessa, TX (22) (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 | 208 |
| Total Mortgage Loan Application Amount | $16,728,000 |
| Average Mortgage Loan Application Amount | $80,423 |
| Highest Mortgage Loan Application Amount | $1,300,000 |
| Average Applicant Income | $87,942 |
| Highest Applicant Income | $1,600,000 |
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records Texstar Bank / Fnb Monahans filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lubbock, TX | 98 | $ 8,683,000 | $ 88,602 | $ 82,000 |
| Midland, TX | 65 | $ 5,568,000 | $ 85,661 | $ 94,000 |
| Odessa, TX | 22 | $ 958,000 | $ 43,545 | $ 97,000 |
| Abilene, TX | 1 | $ 98,000 | $ 98,000 | $ 112,000 |
| College Station-Bryan, TX | 1 | $ 89,000 | $ 89,000 | $ 99,000 |
| Houston-Baytown-Sugar Land, TX | 1 | $ 40,000 | $ 40,000 | $ 149,000 |
| Memphis, TN-MS-AR | 1 | $ 141,000 | $ 141,000 | $ 63,000 |
Mortgage Loan Application Detail Totals for Texstar Bank / Fnb Monahans 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 144 | $12,438,000 | $113,000 | $1,300,000 | $69,000 | $1,600,000 |
| Refinancing | 56 | $3,834,000 | $68,000 | $642,000 | $120,000 | $317,000 |
| Home Improvement | 8 | $456,000 | $57,000 | $120,000 | $98,000 | $240,000 |
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 | 160 | $13,672,000 | $113,000 | $1,300,000 | $75,500 | $1,600,000 |
| Not applicable | 27 | $1,463,000 | $54,000 | $292,000 | $107,000 | $201,000 |
| Hispanic | 11 | $898,000 | $81,000 | $174,000 | $84,000 | $250,000 |
| Not Provided | 7 | $426,000 | $60,000 | $120,000 | $102,000 | $240,000 |
| Black or African American | 2 | $233,000 | $116,000 | $178,000 | $80,000 | $84,000 |
| American Indian or Alaskan Native | 1 | $36,000 | $36,000 | $36,000 | $38,000 | $38,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 208 | $16,728,000 | $110,500 | $1,300,000 | $76,000 | $1,600,000 |
| 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 | 194 | $16,103,000 | $111,500 | $1,300,000 | $82,000 | $1,600,000 |
| Application Denied By Financial Institution | 8 | $282,000 | $35,000 | $93,000 | $40,000 | $80,000 |
| Application Withdrawn By Applicant | 3 | $235,000 | $78,000 | $160,000 | $79,000 | $100,000 |
| Application Approved But Not Accepted | 3 | $108,000 | $36,000 | $75,000 | $36,000 | $54,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 8 | $282,000 | $35,000 | $93,000 | $40,000 | $80,000 |
| 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 |
| 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 Texstar Bank / Fnb Monahans'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 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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