Union Bank & Trust Mortgage Lending & HMDA Data, 2012
In 2012, Union Bank & Trust of Richmond, VA reported 455 mortgage applications totaling $102.6 million, up 30% from 2011. The average application was for $225,564, and applicants reported an average income of $91,527. 73% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Richmond, VA (140), Washington-Arlington-Alexandria, DC-VA-MD-WV (82) and Virginia Beach-Norfolk-Newport News, VA-NC (37) (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 | 455 |
| Total Mortgage Loan Application Amount | $102,632,000 |
| Average Mortgage Loan Application Amount | $225,564 |
| Highest Mortgage Loan Application Amount | $8,700,000 |
| Average Applicant Income | $91,527 |
| Highest Applicant Income | $3,236,000 |
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Act (HMDA) records Union Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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, Virginia | 38 | $ 3,483,000 | $ 91,657 | $ 105,000 |
| Richmond City, Virginia | 35 | $ 22,879,000 | $ 653,685 | $ 39,000 |
| Caroline, Virginia | 31 | $ 1,561,000 | $ 50,354 | $ 53,000 |
| Spotsylvania, Virginia | 28 | $ 2,290,000 | $ 81,785 | $ 71,000 |
| Henrico, Virginia | 25 | $ 1,592,000 | $ 63,680 | $ 57,000 |
| Essex, Virginia | 24 | $ 3,152,000 | $ 131,333 | $ 90,000 |
| Rappahannock, Virginia | 20 | $ 9,800,000 | $ 490,000 | $ 289,000 |
| Westmoreland, Virginia | 20 | $ 3,462,000 | $ 173,100 | $ 162,000 |
| Chesterfield, Virginia | 19 | $ 1,686,000 | $ 88,736 | $ 61,000 |
| Warren, Virginia | 16 | $ 2,453,000 | $ 153,312 | $ 98,000 |
| King George, Virginia | 15 | $ 2,978,000 | $ 198,533 | $ 158,000 |
| Lancaster, Virginia | 15 | $ 1,616,000 | $ 107,733 | $ 58,000 |
| Hanover, Virginia | 12 | $ 2,500,000 | $ 208,333 | $ 54,000 |
| Newport News, Virginia | 12 | $ 1,884,000 | $ 157,000 | $ 105,000 |
| Fredericksburg, Virginia | 10 | $ 3,014,000 | $ 301,400 | $ 40,000 |
| Rockingham, Virginia | 10 | $ 2,308,000 | $ 230,800 | $ 34,000 |
| Hampton, Virginia | 9 | $ 3,060,000 | $ 340,000 | $ 203,000 |
| Stafford, Virginia | 9 | $ 535,000 | $ 59,444 | $ 65,000 |
| Fauquier, Virginia | 8 | $ 2,929,000 | $ 366,125 | $ 182,000 |
| Northumberland, Virginia | 7 | $ 1,264,000 | $ 180,571 | $ 160,000 |
| James City, Virginia | 6 | $ 1,050,000 | $ 175,000 | $ 78,000 |
| Charlottesville, Virginia | 5 | $ 4,425,000 | $ 885,000 | $ 0 |
| Culpeper, Virginia | 5 | $ 811,000 | $ 162,200 | $ 106,000 |
| Harrisonburg, Virginia | 5 | $ 4,486,000 | $ 897,200 | $ 36,000 |
| Prince William, Virginia | 5 | $ 719,000 | $ 143,800 | $ 23,000 |
| Albemarle, Virginia | 4 | $ 577,000 | $ 144,250 | $ 51,000 |
| Frederick, Virginia | 4 | $ 689,000 | $ 172,250 | $ 89,000 |
| King and Queen, Virginia | 4 | $ 539,000 | $ 134,750 | $ 65,000 |
| King William, Virginia | 4 | $ 531,000 | $ 132,750 | $ 53,000 |
| Nelson, Virginia | 4 | $ 85,000 | $ 21,250 | $ 22,000 |
| York, Virginia | 4 | $ 1,134,000 | $ 283,500 | $ 77,000 |
| Goochland, Virginia | 3 | $ 3,657,000 | $ 1,219,000 | $ 161,000 |
| Page, Virginia | 3 | $ 236,000 | $ 78,666 | $ 77,000 |
| Colonial Heights, Virginia | 2 | $ 44,000 | $ 22,000 | $ 97,000 |
| Fairfax, Virginia | 2 | $ 663,000 | $ 331,500 | $ 0 |
| Mathews, Virginia | 2 | $ 363,000 | $ 181,500 | $ 46,000 |
| Sussex, Delaware | 1 | $ 368,000 | $ 368,000 | $ 625,000 |
| District of Columbia, District Of Columbia | 1 | $ 115,000 | $ 115,000 | $ 280,000 |
| Brevard, Florida | 1 | $ 150,000 | $ 150,000 | $ 0 |
| Monroe, Florida | 1 | $ 132,000 | $ 132,000 | $ 16,000 |
| Prince George's, Maryland | 1 | $ 272,000 | $ 272,000 | $ 0 |
| Brunswick, North Carolina | 1 | $ 194,000 | $ 194,000 | $ 116,000 |
| Currituck, North Carolina | 1 | $ 1,462,000 | $ 1,462,000 | $ 163,000 |
| Dare, North Carolina | 1 | $ 223,000 | $ 223,000 | $ 263,000 |
| Forsyth, North Carolina | 1 | $ 116,000 | $ 116,000 | $ 0 |
| Alexandria, Virginia | 1 | $ 330,000 | $ 330,000 | $ 0 |
| Alleghany, Virginia | 1 | $ 3,000 | $ 3,000 | $ 65,000 |
| Amelia, Virginia | 1 | $ 17,000 | $ 17,000 | $ 96,000 |
| Augusta, Virginia | 1 | $ 2,240,000 | $ 2,240,000 | $ 0 |
| Bedford, Virginia | 1 | $ 171,000 | $ 171,000 | $ 0 |
| Buckingham, Virginia | 1 | $ 10,000 | $ 10,000 | $ 50,000 |
| Cumberland, Virginia | 1 | $ 100,000 | $ 100,000 | $ 55,000 |
| Fluvanna, Virginia | 1 | $ 112,000 | $ 112,000 | $ 0 |
| Greene, Virginia | 1 | $ 65,000 | $ 65,000 | $ 63,000 |
| Hopewell, Virginia | 1 | $ 410,000 | $ 410,000 | $ 137,000 |
| Loudoun, Virginia | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Louisa, Virginia | 1 | $ 50,000 | $ 50,000 | $ 33,000 |
| Montgomery, Virginia | 1 | $ 100,000 | $ 100,000 | $ 0 |
| New Kent, Virginia | 1 | $ 360,000 | $ 360,000 | $ 404,000 |
| Norfolk, Virginia | 1 | $ 58,000 | $ 58,000 | $ 68,000 |
| Portsmouth, Virginia | 1 | $ 702,000 | $ 702,000 | $ 0 |
| Roanoke City, Virginia | 1 | $ 25,000 | $ 25,000 | $ 54,000 |
| Shenandoah, Virginia | 1 | $ 19,000 | $ 19,000 | $ 29,000 |
| Williamsburg, Virginia | 1 | $ 136,000 | $ 136,000 | $ 154,000 |
| Winchester, Virginia | 1 | $ 75,000 | $ 75,000 | $ 150,000 |
| Berkeley, West Virginia | 1 | $ 97,000 | $ 97,000 | $ 0 |
Mortgage Loan Application Detail Totals for Union Bank & Trust in 2012
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 |
|---|---|---|---|---|---|---|
| Refinancing | 199 | $65,011,000 | $326,000 | $8,700,000 | $91,000 | $1,401,000 |
| Home Purchase | 146 | $34,237,000 | $234,000 | $3,900,000 | $116,000 | $3,236,000 |
| Home Improvement | 110 | $3,384,000 | $30,000 | $238,000 | $60,000 | $280,000 |
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 | 285 | $52,383,000 | $183,000 | $3,900,000 | $127,000 | $3,236,000 |
| Not applicable | 97 | $46,355,000 | $477,000 | $8,700,000 | $4,000 | $258,000 |
| Black or African American | 49 | $2,240,000 | $45,000 | $280,000 | $63,000 | $293,000 |
| Not Provided | 15 | $541,000 | $36,000 | $270,000 | $69,000 | $208,000 |
| Hispanic | 6 | $734,000 | $122,000 | $355,000 | $116,000 | $215,000 |
| Asian | 3 | $379,000 | $126,000 | $230,000 | $55,000 | $73,000 |
| 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) | 455 | $102,632,000 | $225,000 | $8,700,000 | $92,000 | $3,236,000 |
| 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 | 333 | $91,961,000 | $276,000 | $8,700,000 | $107,000 | $3,236,000 |
| Application Denied By Financial Institution | 65 | $2,620,000 | $40,000 | $240,000 | $49,000 | $218,000 |
| Application Withdrawn By Applicant | 39 | $3,237,000 | $83,000 | $590,000 | $67,000 | $173,000 |
| Loan Purchased By The Institution | 15 | $4,215,000 | $281,000 | $800,000 | $0 | $0 |
| Application Approved But Not Accepted | 2 | $554,000 | $277,000 | $445,000 | $115,000 | $158,000 |
| File Closed For Incompleteness | 1 | $45,000 | $45,000 | $45,000 | $98,000 | $98,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 35 | $1,402,000 | $40,000 | $240,000 | $45,000 | $125,000 |
| Debt-To-Income Ratio | 18 | $730,000 | $40,000 | $150,000 | $46,000 | $185,000 |
| Collateral | 5 | $333,000 | $66,000 | $106,000 | $95,000 | $218,000 |
| Employment History | 4 | $26,000 | $6,000 | $15,000 | $25,000 | $59,000 |
| Other | 3 | $129,000 | $43,000 | $110,000 | $69,000 | $111,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 2012 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.
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with aggregated HMDA statistics today.
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