F&M Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, F&M Bank & Trust of Tulsa, OK reported 1,028 mortgage applications totaling $173.5 million, up 1% from 2007. The average application was for $168,813, and applicants reported an average income of $139,163. 75% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Tulsa, OK (957), Dallas-Plano-Irving, TX (19) and Oklahoma City, OK (5) (applications in parentheses).
| Mortgage Company & Address | F&M Bank & Trust 1330 S. Harvard Tulsa, OK 74104 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,028 |
| Total Mortgage Loan Application Amount | $173,540,000 |
| Average Mortgage Loan Application Amount | $168,813 |
| Highest Mortgage Loan Application Amount | $2,250,000 |
| Average Applicant Income | $139,163 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records F&M Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Tulsa, Oklahoma | 754 | $ 121,860,000 | $ 161,618 | $ 121,000 |
| Wagoner, Oklahoma | 82 | $ 12,299,000 | $ 149,987 | $ 76,000 |
| Rogers, Oklahoma | 68 | $ 11,102,000 | $ 163,264 | $ 84,000 |
| Creek, Oklahoma | 24 | $ 3,522,000 | $ 146,750 | $ 91,000 |
| Osage, Oklahoma | 21 | $ 2,561,000 | $ 121,952 | $ 88,000 |
| Dallas, Texas | 14 | $ 1,590,000 | $ 113,571 | $ 89,000 |
| Delaware, Oklahoma | 12 | $ 4,195,000 | $ 349,583 | $ 462,000 |
| Mayes, Oklahoma | 6 | $ 916,000 | $ 152,666 | $ 112,000 |
| Pawnee, Oklahoma | 6 | $ 522,000 | $ 87,000 | $ 51,000 |
| Washington, Oklahoma | 5 | $ 564,000 | $ 112,800 | $ 39,000 |
| Collin, Texas | 4 | $ 400,000 | $ 100,000 | $ 0 |
| Santa Fe, New Mexico | 3 | $ 1,680,000 | $ 560,000 | $ 334,000 |
| Cherokee, Oklahoma | 3 | $ 344,000 | $ 114,666 | $ 161,000 |
| Oklahoma, Oklahoma | 3 | $ 573,000 | $ 191,000 | $ 74,000 |
| Payne, Oklahoma | 3 | $ 1,383,000 | $ 461,000 | $ 149,000 |
| Rapides, Louisiana | 2 | $ 552,000 | $ 276,000 | $ 450,000 |
| Okmulgee, Oklahoma | 2 | $ 982,000 | $ 491,000 | $ 304,000 |
| Travis, Texas | 2 | $ 850,000 | $ 425,000 | $ 9,999,000 |
| Pope, Arkansas | 1 | $ 56,000 | $ 56,000 | $ 48,000 |
| White, Arkansas | 1 | $ 124,000 | $ 124,000 | $ 57,000 |
| Riverside, California | 1 | $ 2,250,000 | $ 2,250,000 | $ 0 |
| Hinsdale, Colorado | 1 | $ 200,000 | $ 200,000 | $ 187,000 |
| Bay, Florida | 1 | $ 55,000 | $ 55,000 | $ 280,000 |
| Walton, Florida | 1 | $ 417,000 | $ 417,000 | $ 802,000 |
| Baltimore, Maryland | 1 | $ 1,450,000 | $ 1,450,000 | $ 363,000 |
| Canadian, Oklahoma | 1 | $ 153,000 | $ 153,000 | $ 60,000 |
| Cleveland, Oklahoma | 1 | $ 84,000 | $ 84,000 | $ 115,000 |
| Garfield, Oklahoma | 1 | $ 141,000 | $ 141,000 | $ 58,000 |
| Muskogee, Oklahoma | 1 | $ 340,000 | $ 340,000 | $ 351,000 |
| Ottawa, Oklahoma | 1 | $ 1,645,000 | $ 1,645,000 | $ 1,140,000 |
| Denton, Texas | 1 | $ 520,000 | $ 520,000 | $ 300,000 |
| Fort Bend, Texas | 1 | $ 210,000 | $ 210,000 | $ 125,000 |
Mortgage Loan Application Detail Totals for F&M Bank & Trust in 2008
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 | 773 | $133,208,000 | $172,000 | $2,250,000 | $122,000 | $9,999,000 |
| Refinancing | 203 | $35,549,000 | $175,000 | $1,600,000 | $202,000 | $9,999,000 |
| Home Improvement | 52 | $4,783,000 | $91,000 | $1,450,000 | $149,000 | $1,124,000 |
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 | 834 | $145,523,000 | $174,000 | $1,645,000 | $159,000 | $9,999,000 |
| American Indian or Alaskan Native | 67 | $9,810,000 | $146,000 | $329,000 | $67,000 | $325,000 |
| Not applicable | 43 | $6,692,000 | $155,000 | $2,250,000 | $3,000 | $146,000 |
| Hispanic | 31 | $4,273,000 | $137,000 | $342,000 | $63,000 | $214,000 |
| Asian | 26 | $4,198,000 | $161,000 | $417,000 | $82,000 | $246,000 |
| Black or African American | 21 | $2,140,000 | $101,000 | $416,000 | $59,000 | $126,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $621,000 | $155,000 | $303,000 | $70,000 | $99,000 |
| Not Provided | 2 | $283,000 | $141,000 | $157,000 | $51,000 | $52,000 |
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) | 696 | $124,770,000 | $179,000 | $2,250,000 | $174,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 275 | $39,935,000 | $145,000 | $303,000 | $67,000 | $325,000 |
| VA-guaranteed (Veterans Administration) | 39 | $6,721,000 | $172,000 | $355,000 | $74,000 | $129,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 18 | $2,114,000 | $117,000 | $228,000 | $44,000 | $81,000 |
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 | 767 | $126,001,000 | $164,000 | $2,250,000 | $148,000 | $9,999,000 |
| Application Denied By Financial Institution | 109 | $18,975,000 | $174,000 | $1,645,000 | $91,000 | $1,140,000 |
| Application Approved But Not Accepted | 106 | $20,226,000 | $190,000 | $738,000 | $128,000 | $750,000 |
| Application Withdrawn By Applicant | 26 | $6,110,000 | $235,000 | $417,000 | $191,000 | $693,000 |
| File Closed For Incompleteness | 10 | $1,765,000 | $176,000 | $310,000 | $114,000 | $304,000 |
| Loan Purchased By The Institution | 10 | $463,000 | $46,000 | $62,000 | $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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 1 | $270,000 | $270,000 | $270,000 | $100,000 | $100,000 |
| 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 |
| 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 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into F&M Bank & Trust's 2008 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 F&M Bank & Trust'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 Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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