Union Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Union Bank & Trust of Richmond, VA reported 284 mortgage applications totaling $55.8 million, up 35% from 2008. The average application was for $196,376, and applicants reported an average income of $51,735. 58% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Richmond, VA (105), Virginia Beach-Norfolk-Newport News, VA-NC (64) and Washington-Arlington-Alexandria, DC-VA-MD-WV (41) (applications in parentheses).
| Mortgage Company & Address | Union Bank & Trust 1051 East Cary Street, Suite 1200 Richmond, VA 23219 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 284 |
| Total Mortgage Loan Application Amount | $55,771,000 |
| Average Mortgage Loan Application Amount | $196,376 |
| Highest Mortgage Loan Application Amount | $4,000,000 |
| Average Applicant Income | $51,735 |
| Highest Applicant Income | $1,044,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Union Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Caroline, Virginia | 40 | $ 2,548,000 | $ 63,700 | $ 46,000 |
| Albemarle, Virginia | 26 | $ 7,880,000 | $ 303,076 | $ 12,000 |
| Chesterfield, Virginia | 25 | $ 5,104,000 | $ 204,160 | $ 11,000 |
| King George, Virginia | 25 | $ 2,818,000 | $ 112,720 | $ 72,000 |
| Spotsylvania, Virginia | 22 | $ 3,851,000 | $ 175,045 | $ 129,000 |
| Hampton, Virginia | 21 | $ 2,841,000 | $ 135,285 | $ 46,000 |
| James City, Virginia | 15 | $ 1,800,000 | $ 120,000 | $ 57,000 |
| Newport News, Virginia | 14 | $ 1,415,000 | $ 101,071 | $ 111,000 |
| Hanover, Virginia | 13 | $ 3,758,000 | $ 289,076 | $ 25,000 |
| Henrico, Virginia | 9 | $ 2,315,000 | $ 257,222 | $ 0 |
| York, Virginia | 9 | $ 1,647,000 | $ 183,000 | $ 184,000 |
| Richmond City, Virginia | 8 | $ 2,143,000 | $ 267,875 | $ 0 |
| Stafford, Virginia | 7 | $ 1,514,000 | $ 216,285 | $ 31,000 |
| Charlottesville, Virginia | 6 | $ 4,864,000 | $ 810,666 | $ 6,000 |
| Fairfax, Virginia | 5 | $ 4,052,000 | $ 810,400 | $ 49,000 |
| Louisa, Virginia | 5 | $ 1,696,000 | $ 339,200 | $ 0 |
| Nelson, Virginia | 5 | $ 207,000 | $ 41,400 | $ 61,000 |
| Fredericksburg, Virginia | 4 | $ 944,000 | $ 236,000 | $ 95,000 |
| Westmoreland, Virginia | 4 | $ 342,000 | $ 85,500 | $ 29,000 |
| District of Columbia, District Of Columbia | 2 | $ 874,000 | $ 437,000 | $ 0 |
| Essex, Virginia | 2 | $ 241,000 | $ 120,500 | $ 38,000 |
| Fluvanna, Virginia | 2 | $ 57,000 | $ 28,500 | $ 63,000 |
| Goochland, Virginia | 2 | $ 959,000 | $ 479,500 | $ 0 |
| Norfolk, Virginia | 2 | $ 684,000 | $ 342,000 | $ 64,000 |
| Bedford, Virginia | 1 | $ 5,000 | $ 5,000 | $ 93,000 |
| King William, Virginia | 1 | $ 30,000 | $ 30,000 | $ 34,000 |
| Madison, Virginia | 1 | $ 65,000 | $ 65,000 | $ 84,000 |
| New Kent, Virginia | 1 | $ 105,000 | $ 105,000 | $ 63,000 |
| Orange, Virginia | 1 | $ 8,000 | $ 8,000 | $ 36,000 |
| Poquoson, Virginia | 1 | $ 215,000 | $ 215,000 | $ 86,000 |
| Powhatan, Virginia | 1 | $ 236,000 | $ 236,000 | $ 0 |
| Prince William, Virginia | 1 | $ 140,000 | $ 140,000 | $ 0 |
| Richmond, Virginia | 1 | $ 130,000 | $ 130,000 | $ 0 |
| Suffolk, Virginia | 1 | $ 223,000 | $ 223,000 | $ 0 |
| Virginia Beach, Virginia | 1 | $ 60,000 | $ 60,000 | $ 283,000 |
Mortgage Loan Application Detail Totals for Union Bank & Trust in 2009
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 | 132 | $34,052,000 | $257,000 | $4,000,000 | $43,000 | $1,044,000 |
| Refinancing | 101 | $20,166,000 | $199,000 | $2,100,000 | $61,000 | $589,000 |
| Home Improvement | 51 | $1,553,000 | $30,000 | $229,000 | $56,000 | $256,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 140 | $42,096,000 | $300,000 | $4,000,000 | $0 | $0 |
| White | 114 | $12,248,000 | $107,000 | $623,000 | $111,000 | $1,044,000 |
| Black or African American | 23 | $830,000 | $36,000 | $155,000 | $48,000 | $182,000 |
| Not Provided | 4 | $345,000 | $86,000 | $250,000 | $128,000 | $376,000 |
| Asian | 2 | $197,000 | $98,000 | $112,000 | $134,000 | $197,000 |
| American Indian or Alaskan Native | 1 | $55,000 | $55,000 | $55,000 | $285,000 | $285,000 |
| Hispanic | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 284 | $55,771,000 | $196,000 | $4,000,000 | $52,000 | $1,044,000 |
| 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 | 166 | $25,345,000 | $152,000 | $4,000,000 | $82,000 | $1,044,000 |
| Loan Purchased By The Institution | 91 | $28,933,000 | $317,000 | $1,200,000 | $0 | $0 |
| Application Denied By Financial Institution | 21 | $642,000 | $30,000 | $100,000 | $38,000 | $113,000 |
| Application Withdrawn By Applicant | 5 | $773,000 | $154,000 | $500,000 | $49,000 | $128,000 |
| Application Approved But Not Accepted | 1 | $78,000 | $78,000 | $78,000 | $126,000 | $126,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 10 | $331,000 | $33,000 | $65,000 | $46,000 | $113,000 |
| Credit History | 5 | $71,000 | $14,000 | $28,000 | $39,000 | $58,000 |
| Employment History | 2 | $36,000 | $18,000 | $30,000 | $29,000 | $58,000 |
| Other | 2 | $43,000 | $21,000 | $33,000 | $18,000 | $36,000 |
| Collateral | 1 | $61,000 | $61,000 | $61,000 | $32,000 | $32,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $100,000 | $100,000 | $100,000 | $32,000 | $32,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Bank & Trust's 2009 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 Union 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 Virginia, download the full spreadsheet
with aggregated HMDA statistics today.
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