The Bankers Guarantee Title & Trust Company Mortgage Lending & HMDA Data, 2007
In 2007, The Bankers Guarantee Title & Trust Company of Medina, OH reported 132 mortgage applications totaling $17.7 million, up 6% from 2006. The average application was for $133,780, and applicants reported an average income of $64,863. 92% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Akron, OH (50), Cleveland-Elyria-Mentor, OH (33) and Canton-Massillon, OH (10) (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 | 132 |
| Total Mortgage Loan Application Amount | $17,659,000 |
| Average Mortgage Loan Application Amount | $133,780 |
| Highest Mortgage Loan Application Amount | $370,000 |
| Average Applicant Income | $64,863 |
| Highest Applicant Income | $325,000 |
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Bankers Guarantee Title & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 50 | $ 6,965,000 | $ 139,300 | $ 63,000 |
| Cleveland-Elyria-Mentor, OH | 33 | $ 5,284,000 | $ 160,121 | $ 63,000 |
| Canton-Massillon, OH | 10 | $ 1,451,000 | $ 145,100 | $ 115,000 |
| Dayton, OH | 10 | $ 897,000 | $ 89,700 | $ 58,000 |
| Cincinnati-Middletown, OH-KY-IN | 4 | $ 499,000 | $ 124,750 | $ 47,000 |
| Weirton-Steubenville, WV-OH | 4 | $ 312,000 | $ 78,000 | $ 52,000 |
| Youngstown-Warren-Boardman, OH-PA | 3 | $ 311,000 | $ 103,666 | $ 35,000 |
| Toledo, OH | 1 | $ 186,000 | $ 186,000 | $ 100,000 |
| Wheeling, WV-OH | 1 | $ 79,000 | $ 79,000 | $ 35,000 |
Mortgage Loan Application Detail Totals for The Bankers Guarantee Title & Trust Company in 2007
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 | 78 | $10,008,000 | $128,000 | $300,000 | $62,000 | $325,000 |
| Refinancing | 54 | $7,651,000 | $141,000 | $370,000 | $69,000 | $150,000 |
| 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 | 125 | $16,459,000 | $131,000 | $370,000 | $64,000 | $325,000 |
| Not Provided | 3 | $644,000 | $214,000 | $300,000 | $96,000 | $142,000 |
| Black or African American | 3 | $451,000 | $150,000 | $294,000 | $76,000 | $175,000 |
| Asian | 1 | $105,000 | $105,000 | $105,000 | $55,000 | $55,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Hispanic | 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) | 132 | $17,659,000 | $133,000 | $370,000 | $65,000 | $325,000 |
| 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 | 122 | $16,038,000 | $131,000 | $304,000 | $64,000 | $325,000 |
| Application Denied By Financial Institution | 9 | $1,353,000 | $150,000 | $370,000 | $67,000 | $142,000 |
| Application Withdrawn By Applicant | 1 | $268,000 | $268,000 | $268,000 | $142,000 | $142,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 7 | $843,000 | $120,000 | $185,000 | $67,000 | $142,000 |
| Unverifiable Information | 1 | $370,000 | $370,000 | $370,000 | $116,000 | $116,000 |
| Debt-To-Income Ratio | 1 | $140,000 | $140,000 | $140,000 | $21,000 | $21,000 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Bankers Guarantee Title & Trust Company's 2007 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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