The Bankers Guarantee Title & Trust Company Mortgage Lending & HMDA Data, 2004
In 2004, The Bankers Guarantee Title & Trust Company of Medina, OH reported 328 mortgage applications totaling $40.4 million, down 61% from 2003. The average application was for $123,103, and applicants reported an average income of $110,033. 91% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Akron, OH (132), Cleveland-Elyria-Mentor, OH (89) and Canton-Massillon, OH (45) (applications in parentheses).
| Mortgage Company & Address | The Bankers Guarantee Title & Trust Company 1113 Medina Road Suite # 400 Medina, OH 44256 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 328 |
| Total Mortgage Loan Application Amount | $40,378,000 |
| Average Mortgage Loan Application Amount | $123,103 |
| Highest Mortgage Loan Application Amount | $500,000 |
| Average Applicant Income | $110,033 |
| Highest Applicant Income | $1,587,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Bankers Guarantee Title & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Akron, OH | 132 | $ 16,081,000 | $ 121,825 | $ 122,000 |
| Cleveland-Elyria-Mentor, OH | 89 | $ 12,065,000 | $ 135,561 | $ 94,000 |
| Canton-Massillon, OH | 45 | $ 5,499,000 | $ 122,200 | $ 324,000 |
| Dayton, OH | 33 | $ 3,673,000 | $ 111,303 | $ 73,000 |
| Cincinnati-Middletown, OH-KY-IN | 3 | $ 462,000 | $ 154,000 | $ 78,000 |
| Toledo, OH | 3 | $ 375,000 | $ 125,000 | $ 49,000 |
Mortgage Loan Application Detail Totals for The Bankers Guarantee Title & Trust Company 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 | 181 | $23,347,000 | $128,000 | $500,000 | $106,000 | $1,522,000 |
| Home Purchase | 147 | $17,031,000 | $115,000 | $303,000 | $115,000 | $1,587,000 |
| 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 | 320 | $39,529,000 | $123,000 | $500,000 | $118,000 | $1,587,000 |
| Black or African American | 4 | $428,000 | $107,000 | $175,000 | $67,000 | $106,000 |
| Hispanic | 2 | $272,000 | $136,000 | $172,000 | $65,000 | $93,000 |
| Not Provided | 2 | $149,000 | $74,000 | $105,000 | $34,000 | $40,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 328 | $40,378,000 | $123,000 | $500,000 | $111,000 | $1,587,000 |
| 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 | 297 | $36,056,000 | $121,000 | $500,000 | $68,000 | $1,425,000 |
| Application Withdrawn By Applicant | 13 | $2,112,000 | $162,000 | $317,000 | $113,000 | $310,000 |
| Application Denied By Financial Institution | 10 | $1,343,000 | $134,000 | $198,000 | $266,000 | $1,587,000 |
| File Closed For Incompleteness | 5 | $491,000 | $98,000 | $208,000 | $46,000 | $124,000 |
| Application Approved But Not Accepted | 3 | $376,000 | $125,000 | $150,000 | $434,000 | $1,522,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 5 | $709,000 | $141,000 | $198,000 | $440,000 | $1,587,000 |
| Credit History | 3 | $339,000 | $113,000 | $130,000 | $43,000 | $58,000 |
| Debt-To-Income Ratio | 2 | $295,000 | $147,000 | $175,000 | $254,000 | $393,000 |
| 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 |
| 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 The Bankers Guarantee Title & Trust Company'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 The Bankers Guarantee Title & Trust Company'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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