Union Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Union Bank & Trust of Richmond, VA reported 289 mortgage applications totaling $49.2 million, up 2% from 2009. The average application was for $170,228, and applicants reported an average income of $73,626. 62% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Richmond, VA (119), Virginia Beach-Norfolk-Newport News, VA-NC (55) and Washington-Arlington-Alexandria, DC-VA-MD-WV (52) (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 | 289 |
| Total Mortgage Loan Application Amount | $49,196,000 |
| Average Mortgage Loan Application Amount | $170,228 |
| Highest Mortgage Loan Application Amount | $2,045,000 |
| Average Applicant Income | $73,626 |
| Highest Applicant Income | $750,000 |
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Act (HMDA) records Union Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 27 | $ 805,000 | $ 29,814 | $ 50,000 |
| Chesterfield, Virginia | 26 | $ 5,617,000 | $ 216,038 | $ 31,000 |
| Henrico, Virginia | 25 | $ 4,025,000 | $ 161,000 | $ 34,000 |
| Spotsylvania, Virginia | 24 | $ 1,759,000 | $ 73,291 | $ 62,000 |
| Hampton, Virginia | 23 | $ 2,140,000 | $ 93,043 | $ 123,000 |
| Richmond City, Virginia | 20 | $ 8,396,000 | $ 419,800 | $ 8,000 |
| Newport News, Virginia | 19 | $ 1,623,000 | $ 85,421 | $ 118,000 |
| Hanover, Virginia | 12 | $ 3,316,000 | $ 276,333 | $ 49,000 |
| King George, Virginia | 12 | $ 2,782,000 | $ 231,833 | $ 68,000 |
| Westmoreland, Virginia | 8 | $ 882,000 | $ 110,250 | $ 44,000 |
| Fluvanna, Virginia | 7 | $ 1,277,000 | $ 182,428 | $ 11,000 |
| James City, Virginia | 7 | $ 635,000 | $ 90,714 | $ 124,000 |
| Rappahannock, Virginia | 7 | $ 2,542,000 | $ 363,142 | $ 130,000 |
| Fredericksburg, Virginia | 6 | $ 1,016,000 | $ 169,333 | $ 131,000 |
| Stafford, Virginia | 6 | $ 1,929,000 | $ 321,500 | $ 34,000 |
| Warren, Virginia | 6 | $ 613,000 | $ 102,166 | $ 101,000 |
| Essex, Virginia | 5 | $ 654,000 | $ 130,800 | $ 43,000 |
| Charlottesville, Virginia | 4 | $ 647,000 | $ 161,750 | $ 20,000 |
| Goochland, Virginia | 4 | $ 2,155,000 | $ 538,750 | $ 257,000 |
| Fauquier, Virginia | 3 | $ 1,197,000 | $ 399,000 | $ 128,000 |
| Lancaster, Virginia | 3 | $ 467,000 | $ 155,666 | $ 126,000 |
| Prince William, Virginia | 3 | $ 312,000 | $ 104,000 | $ 32,000 |
| Richmond, Virginia | 3 | $ 437,000 | $ 145,666 | $ 75,000 |
| Albemarle, Virginia | 2 | $ 481,000 | $ 240,500 | $ 0 |
| Arlington, Virginia | 2 | $ 410,000 | $ 205,000 | $ 69,000 |
| Nelson, Virginia | 2 | $ 354,000 | $ 177,000 | $ 402,000 |
| Winchester, Virginia | 2 | $ 206,000 | $ 103,000 | $ 76,000 |
| York, Virginia | 2 | $ 433,000 | $ 216,500 | $ 98,000 |
| St. Mary's, Maryland | 1 | $ 15,000 | $ 15,000 | $ 187,000 |
| Alleghany, North Carolina | 1 | $ 70,000 | $ 70,000 | $ 171,000 |
| Amherst, Virginia | 1 | $ 3,000 | $ 3,000 | $ 57,000 |
| Botetourt, Virginia | 1 | $ 15,000 | $ 15,000 | $ 94,000 |
| Charles City, Virginia | 1 | $ 1,000 | $ 1,000 | $ 21,000 |
| Fairfax, Virginia | 1 | $ 58,000 | $ 58,000 | $ 318,000 |
| Falls Church, Virginia | 1 | $ 200,000 | $ 200,000 | $ 0 |
| Gloucester, Virginia | 1 | $ 88,000 | $ 88,000 | $ 111,000 |
| King and Queen, Virginia | 1 | $ 58,000 | $ 58,000 | $ 76,000 |
| King William, Virginia | 1 | $ 44,000 | $ 44,000 | $ 87,000 |
| Louisa, Virginia | 1 | $ 152,000 | $ 152,000 | $ 0 |
| Madison, Virginia | 1 | $ 630,000 | $ 630,000 | $ 750,000 |
| Norfolk, Virginia | 1 | $ 65,000 | $ 65,000 | $ 543,000 |
| Northumberland, Virginia | 1 | $ 86,000 | $ 86,000 | $ 48,000 |
| Powhatan, Virginia | 1 | $ 460,000 | $ 460,000 | $ 0 |
| Roanoke, Virginia | 1 | $ 17,000 | $ 17,000 | $ 71,000 |
| Surry, Virginia | 1 | $ 10,000 | $ 10,000 | $ 137,000 |
| Williamsburg, Virginia | 1 | $ 104,000 | $ 104,000 | $ 0 |
| Hampshire, West Virginia | 1 | $ 10,000 | $ 10,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for Union Bank & Trust in 2010
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 | 116 | $27,819,000 | $239,000 | $2,045,000 | $60,000 | $695,000 |
| Refinancing | 93 | $19,154,000 | $205,000 | $1,520,000 | $86,000 | $750,000 |
| Home Improvement | 80 | $2,223,000 | $27,000 | $200,000 | $79,000 | $515,000 |
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 | 143 | $15,515,000 | $108,000 | $630,000 | $122,000 | $750,000 |
| Not applicable | 105 | $31,511,000 | $300,000 | $2,045,000 | $0 | $17,000 |
| Black or African American | 24 | $675,000 | $28,000 | $83,000 | $76,000 | $543,000 |
| Not Provided | 13 | $1,168,000 | $89,000 | $560,000 | $133,000 | $285,000 |
| Hispanic | 2 | $77,000 | $38,000 | $70,000 | $120,000 | $171,000 |
| Asian | 2 | $250,000 | $125,000 | $150,000 | $48,000 | $97,000 |
| American Indian or Alaskan Native | 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) | 289 | $49,196,000 | $170,000 | $2,045,000 | $74,000 | $750,000 |
| 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 | 179 | $28,442,000 | $158,000 | $2,045,000 | $95,000 | $750,000 |
| Application Denied By Financial Institution | 49 | $1,754,000 | $35,000 | $195,000 | $54,000 | $187,000 |
| Loan Purchased By The Institution | 46 | $17,632,000 | $383,000 | $1,520,000 | $0 | $0 |
| Application Withdrawn By Applicant | 10 | $1,058,000 | $105,000 | $587,000 | $90,000 | $196,000 |
| Application Approved But Not Accepted | 5 | $310,000 | $62,000 | $105,000 | $141,000 | $285,000 |
| 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 | 23 | $657,000 | $28,000 | $182,000 | $68,000 | $187,000 |
| Credit History | 14 | $488,000 | $34,000 | $195,000 | $51,000 | $106,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $350,000 | $87,000 | $140,000 | $23,000 | $92,000 |
| Collateral | 3 | $137,000 | $45,000 | $75,000 | $31,000 | $56,000 |
| Employment History | 2 | $85,000 | $42,000 | $60,000 | $26,000 | $31,000 |
| Other | 2 | $27,000 | $13,000 | $15,000 | $71,000 | $94,000 |
| Unverifiable Information | 1 | $10,000 | $10,000 | $10,000 | $24,000 | $24,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Bank & Trust's 2010 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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