Texstar Bank / Fnb Monahans Mortgage Lending & HMDA Data, 2005
In 2005, Texstar Bank / Fnb Monahans of Midland, TX reported 389 mortgage applications totaling $30.9 million, up 87% from 2004. The average application was for $79,380, and applicants reported an average income of $115,275. 87% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Lubbock, TX (122), Midland, TX (92) and Odessa, TX (50) (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 | 389 |
| Total Mortgage Loan Application Amount | $30,879,000 |
| Average Mortgage Loan Application Amount | $79,380 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $115,275 |
| Highest Applicant Income | $1,800,000 |
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records Texstar Bank / Fnb Monahans filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 304 | $22,956,000 | $77,500 | $612,000 | $133,000 | $1,716,000 |
| Refinancing | 61 | $6,821,000 | $174,500 | $650,000 | $110,000 | $1,800,000 |
| Home Improvement | 24 | $1,102,000 | $33,000 | $300,000 | $71,500 | $136,000 |
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 | 285 | $24,393,000 | $71,666 | $650,000 | $100,333 | $1,800,000 |
| Hispanic | 52 | $3,759,000 | $150,500 | $350,000 | $71,500 | $280,000 |
| Not applicable | 42 | $1,872,000 | $47,000 | $100,000 | $373,500 | $569,000 |
| Asian | 5 | $352,000 | $70,000 | $110,000 | $127,000 | $186,000 |
| Black or African American | 3 | $323,000 | $107,000 | $197,000 | $69,000 | $131,000 |
| Not Provided | 2 | $180,000 | $90,000 | $160,000 | $80,000 | $136,000 |
| American Indian or Alaskan Native | 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) | 342 | $26,660,000 | $75,666 | $650,000 | $114,333 | $1,800,000 |
| FHA-insured (Federal Housing Administration) | 40 | $3,588,000 | $98,000 | $152,000 | $58,500 | $485,000 |
| VA-guaranteed (Veterans Administration) | 7 | $631,000 | $90,000 | $118,000 | $41,000 | $58,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 340 | $27,420,000 | $78,666 | $650,000 | $112,666 | $1,800,000 |
| Application Denied By Financial Institution | 30 | $1,370,000 | $50,000 | $197,000 | $78,500 | $131,000 |
| Application Withdrawn By Applicant | 19 | $2,089,000 | $109,000 | $612,000 | $148,000 | $546,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 20 | $678,000 | $43,500 | $78,000 | $73,500 | $113,000 |
| Debt-To-Income Ratio | 3 | $61,000 | $20,000 | $31,000 | $25,000 | $36,000 |
| Collateral | 3 | $362,000 | $120,000 | $197,000 | $80,000 | $131,000 |
| Other | 3 | $259,000 | $86,000 | $112,000 | $43,000 | $57,000 |
| Employment History | 1 | $10,000 | $10,000 | $10,000 | $90,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Texstar Bank / Fnb Monahans'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 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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