The Lending Partners, LLC Mortgage Lending & HMDA Data, 2008

In 2008, The Lending Partners, LLC of Plano, TX reported 2,183 mortgage applications totaling $369.5 million, down 2% from 2007. The average application was for $169,268, and applicants reported an average income of $101,038. 88% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Dallas-Plano-Irving, TX (1,729), Fort Worth-Arlington, TX (319) and Sherman-Denison, TX (92) (applications in parentheses).

Mortgage Company & Address The Lending Partners, LLC
6836 Dallas Parkway #201
Plano, TX 75024
Tel #: available with data download
Federal Regulator * available with data download
Years 2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 2,183
Total Mortgage Loan Application Amount $369,513,000
Average Mortgage Loan Application Amount $169,268
Highest Mortgage Loan Application Amount $762,000
Average Applicant Income $101,038
Highest Applicant Income $1,592,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Lending Partners, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for The Lending Partners, LLC 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 2,057 $345,824,000 $168,000 $762,000 $100,000 $1,592,000
Refinancing 126 $23,689,000 $188,000 $417,000 $118,000 $484,000
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 1,796 $310,421,000 $172,000 $762,000 $104,000 $1,592,000
Hispanic 150 $21,585,000 $143,000 $417,000 $75,000 $374,000
Black or African American 99 $14,749,000 $148,000 $417,000 $76,000 $596,000
Asian 89 $14,629,000 $164,000 $650,000 $97,000 $440,000
Not Provided 30 $4,985,000 $166,000 $417,000 $123,000 $488,000
Native Hawaiian or Other Pacific Islander 11 $1,438,000 $130,000 $238,000 $98,000 $211,000
American Indian or Alaskan Native 8 $1,706,000 $213,000 $366,000 $98,000 $161,000
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) 1,244 $227,161,000 $182,000 $762,000 $120,000 $657,000
FHA-insured (Federal Housing Administration) 840 $124,507,000 $148,000 $276,000 $74,000 $1,592,000
VA-guaranteed (Veterans Administration) 99 $17,845,000 $180,000 $417,000 $85,000 $347,000
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 1,913 $324,469,000 $169,000 $735,000 $101,000 $1,592,000
Application Withdrawn By Applicant 227 $38,093,000 $167,000 $762,000 $96,000 $657,000
Application Approved But Not Accepted 19 $3,495,000 $183,000 $417,000 $117,000 $525,000
File Closed For Incompleteness 17 $2,280,000 $134,000 $357,000 $86,000 $440,000
Application Denied By Financial Institution 7 $1,176,000 $168,000 $417,000 $109,000 $204,000
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
Collateral 1 $54,000 $54,000 $54,000 $35,000 $35,000
Credit History 1 $148,000 $148,000 $148,000 $74,000 $74,000
Insufficient Cash (Downpayment, Closing Cost) 1 $417,000 $417,000 $417,000 $204,000 $204,000
Other 1 $148,000 $148,000 $148,000 $174,000 $174,000
Unverifiable Information 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 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 Lending Partners, LLC'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 The Lending Partners, LLC'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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