Union Bank & Trust Mortgage Lending & HMDA Data, 2011
In 2011, Union Bank & Trust of Richmond, VA reported 350 mortgage applications totaling $58.3 million, up 21% from 2010. The average application was for $166,551, and applicants reported an average income of $72,865. 70% of its applications resulted in an originated loan and 17% were denied. Its largest markets were Richmond, VA (107), Washington-Arlington-Alexandria, DC-VA-MD-WV (62) and Virginia Beach-Norfolk-Newport News, VA-NC (26) (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 | 350 |
| Total Mortgage Loan Application Amount | $58,293,000 |
| Average Mortgage Loan Application Amount | $166,551 |
| Highest Mortgage Loan Application Amount | $2,275,000 |
| Average Applicant Income | $72,865 |
| Highest Applicant Income | $675,000 |
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Act (HMDA) records Union Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Richmond City, Virginia | 29 | $ 9,881,000 | $ 340,724 | $ 42,000 |
| Richmond, Virginia | 20 | $ 1,692,000 | $ 84,600 | $ 81,000 |
| Caroline, Virginia | 19 | $ 1,454,000 | $ 76,526 | $ 61,000 |
| Westmoreland, Virginia | 19 | $ 1,605,000 | $ 84,473 | $ 40,000 |
| Henrico, Virginia | 18 | $ 2,242,000 | $ 124,555 | $ 31,000 |
| King George, Virginia | 18 | $ 889,000 | $ 49,388 | $ 46,000 |
| Hanover, Virginia | 17 | $ 1,943,000 | $ 114,294 | $ 95,000 |
| Essex, Virginia | 16 | $ 2,186,000 | $ 136,625 | $ 113,000 |
| Lancaster, Virginia | 16 | $ 1,799,000 | $ 112,437 | $ 57,000 |
| Spotsylvania, Virginia | 16 | $ 826,000 | $ 51,625 | $ 44,000 |
| Rappahannock, Virginia | 15 | $ 3,323,000 | $ 221,533 | $ 94,000 |
| Northumberland, Virginia | 14 | $ 2,129,000 | $ 152,071 | $ 94,000 |
| Chesterfield, Virginia | 13 | $ 855,000 | $ 65,769 | $ 44,000 |
| Warren, Virginia | 13 | $ 1,022,000 | $ 78,615 | $ 120,000 |
| Stafford, Virginia | 11 | $ 1,173,000 | $ 106,636 | $ 190,000 |
| Albemarle, Virginia | 7 | $ 2,927,000 | $ 418,142 | $ 33,000 |
| Fauquier, Virginia | 7 | $ 3,249,000 | $ 464,142 | $ 150,000 |
| Hampton, Virginia | 6 | $ 577,000 | $ 96,166 | $ 84,000 |
| James City, Virginia | 6 | $ 300,000 | $ 50,000 | $ 40,000 |
| Newport News, Virginia | 6 | $ 803,000 | $ 133,833 | $ 177,000 |
| Frederick, Virginia | 5 | $ 253,000 | $ 50,600 | $ 23,000 |
| Fredericksburg, Virginia | 5 | $ 1,302,000 | $ 260,400 | $ 69,000 |
| Shenandoah, Virginia | 5 | $ 558,000 | $ 111,600 | $ 65,000 |
| Fairfax, Virginia | 4 | $ 1,284,000 | $ 321,000 | $ 64,000 |
| Virginia Beach, Virginia | 4 | $ 3,068,000 | $ 767,000 | $ 51,000 |
| Charlottesville, Virginia | 3 | $ 1,094,000 | $ 364,666 | $ 7,000 |
| Culpeper, Virginia | 3 | $ 497,000 | $ 165,666 | $ 131,000 |
| Fluvanna, Virginia | 3 | $ 380,000 | $ 126,666 | $ 19,000 |
| Powhatan, Virginia | 3 | $ 555,000 | $ 185,000 | $ 43,000 |
| Prince William, Virginia | 3 | $ 686,000 | $ 228,666 | $ 301,000 |
| King William, Virginia | 2 | $ 144,000 | $ 72,000 | $ 13,000 |
| Loudoun, Virginia | 2 | $ 1,320,000 | $ 660,000 | $ 0 |
| New Kent, Virginia | 2 | $ 421,000 | $ 210,500 | $ 42,000 |
| Williamsburg, Virginia | 2 | $ 1,060,000 | $ 530,000 | $ 0 |
| Winchester, Virginia | 2 | $ 208,000 | $ 104,000 | $ 88,000 |
| York, Virginia | 2 | $ 78,000 | $ 39,000 | $ 219,000 |
| Dare, North Carolina | 1 | $ 390,000 | $ 390,000 | $ 212,000 |
| Arlington, Virginia | 1 | $ 1,821,000 | $ 1,821,000 | $ 0 |
| Augusta, Virginia | 1 | $ 223,000 | $ 223,000 | $ 54,000 |
| Colonial Heights, Virginia | 1 | $ 4,000 | $ 4,000 | $ 34,000 |
| Greene, Virginia | 1 | $ 123,000 | $ 123,000 | $ 0 |
| King and Queen, Virginia | 1 | $ 75,000 | $ 75,000 | $ 28,000 |
| Louisa, Virginia | 1 | $ 400,000 | $ 400,000 | $ 188,000 |
| Madison, Virginia | 1 | $ 898,000 | $ 898,000 | $ 0 |
| Nelson, Virginia | 1 | $ 4,000 | $ 4,000 | $ 66,000 |
| Orange, Virginia | 1 | $ 140,000 | $ 140,000 | $ 28,000 |
| Prince George, Virginia | 1 | $ 302,000 | $ 302,000 | $ 0 |
| Roanoke, Virginia | 1 | $ 10,000 | $ 10,000 | $ 52,000 |
| Rockingham, Virginia | 1 | $ 30,000 | $ 30,000 | $ 63,000 |
| Berkeley, West Virginia | 1 | $ 90,000 | $ 90,000 | $ 115,000 |
Mortgage Loan Application Detail Totals for Union Bank & Trust in 2011
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 | 135 | $25,419,000 | $188,000 | $1,594,000 | $94,000 | $675,000 |
| Refinancing | 128 | $29,126,000 | $227,000 | $2,275,000 | $60,000 | $416,000 |
| Home Improvement | 87 | $3,748,000 | $43,000 | $360,000 | $59,000 | $529,000 |
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 | 218 | $27,803,000 | $127,000 | $1,333,000 | $101,000 | $675,000 |
| Not applicable | 77 | $27,373,000 | $355,000 | $2,275,000 | $8,000 | $419,000 |
| Black or African American | 36 | $1,468,000 | $40,000 | $120,000 | $42,000 | $137,000 |
| Not Provided | 8 | $779,000 | $97,000 | $630,000 | $76,000 | $238,000 |
| Hispanic | 7 | $529,000 | $75,000 | $165,000 | $68,000 | $210,000 |
| American Indian or Alaskan Native | 3 | $340,000 | $113,000 | $150,000 | $69,000 | $126,000 |
| Asian | 1 | $1,000 | $1,000 | $1,000 | $9,000 | $9,000 |
| 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) | 350 | $58,293,000 | $166,000 | $2,275,000 | $73,000 | $675,000 |
| 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 | 246 | $45,477,000 | $184,000 | $2,275,000 | $87,000 | $675,000 |
| Application Denied By Financial Institution | 58 | $4,850,000 | $83,000 | $1,140,000 | $45,000 | $167,000 |
| Application Withdrawn By Applicant | 25 | $2,050,000 | $82,000 | $400,000 | $62,000 | $188,000 |
| Loan Purchased By The Institution | 21 | $5,916,000 | $281,000 | $712,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 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 | 30 | $2,359,000 | $78,000 | $417,000 | $46,000 | $167,000 |
| Credit History | 18 | $779,000 | $43,000 | $240,000 | $39,000 | $102,000 |
| Collateral | 4 | $261,000 | $65,000 | $191,000 | $55,000 | $83,000 |
| Employment History | 3 | $191,000 | $63,000 | $139,000 | $53,000 | $98,000 |
| Other | 2 | $1,240,000 | $620,000 | $1,140,000 | $40,000 | $81,000 |
| Unverifiable Information | 1 | $20,000 | $20,000 | $20,000 | $60,000 | $60,000 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Bank & Trust's 2011 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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