The Bankers Guarantee Title & Trust Company Mortgage Lending & HMDA Data, 2006
In 2006, The Bankers Guarantee Title & Trust Company of Medina, OH reported 124 mortgage applications totaling $16.1 million, down 30% from 2005. The average application was for $130,201, and applicants reported an average income of $67,983. 89% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Akron, OH (61), Cleveland-Elyria-Mentor, OH (24) and Canton-Massillon, OH (13) (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 | 124 |
| Total Mortgage Loan Application Amount | $16,145,000 |
| Average Mortgage Loan Application Amount | $130,201 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $67,983 |
| Highest Applicant Income | $308,000 |
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Bankers Guarantee Title & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 61 | $ 8,093,000 | $ 132,672 | $ 66,000 |
| Cleveland-Elyria-Mentor, OH | 24 | $ 3,508,000 | $ 146,166 | $ 82,000 |
| Canton-Massillon, OH | 13 | $ 1,633,000 | $ 125,615 | $ 59,000 |
| Dayton, OH | 7 | $ 932,000 | $ 133,142 | $ 87,000 |
| Weirton-Steubenville, WV-OH | 3 | $ 189,000 | $ 63,000 | $ 50,000 |
| Cincinnati-Middletown, OH-KY-IN | 2 | $ 197,000 | $ 98,500 | $ 50,000 |
| Columbus, OH | 2 | $ 292,000 | $ 146,000 | $ 66,000 |
| Springfield, OH | 2 | $ 180,000 | $ 90,000 | $ 31,000 |
| Toledo, OH | 2 | $ 196,000 | $ 98,000 | $ 56,000 |
Mortgage Loan Application Detail Totals for The Bankers Guarantee Title & Trust Company in 2006
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 | 74 | $9,962,000 | $134,000 | $417,000 | $70,000 | $308,000 |
| Refinancing | 50 | $6,183,000 | $123,000 | $384,000 | $65,000 | $144,000 |
| 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 | 112 | $14,687,000 | $131,000 | $417,000 | $65,000 | $308,000 |
| Not Provided | 8 | $907,000 | $113,000 | $164,000 | $99,000 | $308,000 |
| Black or African American | 2 | $276,000 | $138,000 | $187,000 | $62,000 | $92,000 |
| Hispanic | 1 | $131,000 | $131,000 | $131,000 | $59,000 | $59,000 |
| Asian | 1 | $144,000 | $144,000 | $144,000 | $84,000 | $84,000 |
| American Indian or Alaskan Native | 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) | 124 | $16,145,000 | $130,000 | $417,000 | $68,000 | $308,000 |
| 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 | 110 | $14,429,000 | $131,000 | $417,000 | $68,000 | $308,000 |
| Application Denied By Financial Institution | 6 | $598,000 | $99,000 | $164,000 | $65,000 | $100,000 |
| Application Approved But Not Accepted | 4 | $617,000 | $154,000 | $197,000 | $80,000 | $135,000 |
| Application Withdrawn By Applicant | 3 | $431,000 | $143,000 | $180,000 | $50,000 | $61,000 |
| File Closed For Incompleteness | 1 | $70,000 | $70,000 | $70,000 | $46,000 | $46,000 |
| 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 | 3 | $249,000 | $83,000 | $151,000 | $63,000 | $64,000 |
| Debt-To-Income Ratio | 2 | $289,000 | $144,000 | $164,000 | $68,000 | $100,000 |
| Collateral | 1 | $60,000 | $60,000 | $60,000 | $64,000 | $64,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Bankers Guarantee Title & Trust Company's 2006 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.
For a list of all lenders in Ohio, download the full spreadsheet
with aggregated HMDA statistics today.
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