Wachovia Bank of Delaware Mortgage Lending & HMDA Data, 2004
In 2004, Wachovia Bank of Delaware of Winston-Salem, NC reported 1,437 mortgage applications totaling $133.3 million, down 10% from 2003. The average application was for $92,759, and applicants reported an average income of $80,224. 46% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Wilmington, DE-MD-NJ (940), Dover, DE (262) and Philadelphia, PA (57) (applications in parentheses).
| Mortgage Company & Address | Wachovia Bank of Delaware Tonya Young 100 N Main St Mac D4001-063 Winston-Salem, NC 27101 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,437 |
| Total Mortgage Loan Application Amount | $133,295,000 |
| Average Mortgage Loan Application Amount | $92,759 |
| Highest Mortgage Loan Application Amount | $1,203,000 |
| Average Applicant Income | $80,224 |
| Highest Applicant Income | $2,003,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Wachovia Bank of Delaware filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New Castle, Delaware | 940 | $ 87,213,000 | $ 92,779 | $ 82,000 |
| Kent, Delaware | 262 | $ 20,238,000 | $ 77,244 | $ 51,000 |
| Sussex, Delaware | 98 | $ 9,533,000 | $ 97,275 | $ 82,000 |
| Cecil, Maryland | 23 | $ 2,212,000 | $ 96,173 | $ 87,000 |
| Chester, Pennsylvania | 23 | $ 4,677,000 | $ 203,347 | $ 237,000 |
| Delaware, Pennsylvania | 19 | $ 1,472,000 | $ 77,473 | $ 74,000 |
| Philadelphia, Pennsylvania | 10 | $ 495,000 | $ 49,500 | $ 50,000 |
| Salem, New Jersey | 9 | $ 444,000 | $ 49,333 | $ 78,000 |
| Cape May, New Jersey | 6 | $ 2,609,000 | $ 434,833 | $ 585,000 |
| Kent, Maryland | 3 | $ 353,000 | $ 117,666 | $ 43,000 |
| Worcester, Maryland | 3 | $ 173,000 | $ 57,666 | $ 88,000 |
| Montgomery, Pennsylvania | 3 | $ 286,000 | $ 95,333 | $ 86,000 |
| District of Columbia, District Of Columbia | 2 | $ 97,000 | $ 48,500 | $ 44,000 |
| Marion, Florida | 2 | $ 19,000 | $ 9,500 | $ 50,000 |
| Baltimore, Maryland | 2 | $ 251,000 | $ 125,500 | $ 110,000 |
| Baltimore City, Maryland | 2 | $ 125,000 | $ 62,500 | $ 98,000 |
| Burlington, New Jersey | 2 | $ 57,000 | $ 28,500 | $ 100,000 |
| Catawba, North Carolina | 2 | $ 126,000 | $ 63,000 | $ 114,000 |
| Bucks, Pennsylvania | 2 | $ 129,000 | $ 64,500 | $ 71,000 |
| Hartford, Connecticut | 1 | $ 60,000 | $ 60,000 | $ 99,000 |
| Lee, Florida | 1 | $ 80,000 | $ 80,000 | $ 113,000 |
| Anne Arundel, Maryland | 1 | $ 295,000 | $ 295,000 | $ 158,000 |
| Caroline, Maryland | 1 | $ 290,000 | $ 290,000 | $ 86,000 |
| Dorchester, Maryland | 1 | $ 250,000 | $ 250,000 | $ 62,000 |
| Queen Anne's, Maryland | 1 | $ 133,000 | $ 133,000 | $ 44,000 |
| Atlantic, New Jersey | 1 | $ 45,000 | $ 45,000 | $ 38,000 |
| Camden, New Jersey | 1 | $ 36,000 | $ 36,000 | $ 188,000 |
| Gloucester, New Jersey | 1 | $ 101,000 | $ 101,000 | $ 75,000 |
| Mercer, New Jersey | 1 | $ 24,000 | $ 24,000 | $ 1,046,000 |
| Middlesex, New Jersey | 1 | $ 25,000 | $ 25,000 | $ 99,000 |
| Passaic, New Jersey | 1 | $ 80,000 | $ 80,000 | $ 50,000 |
| Queens, New York | 1 | $ 172,000 | $ 172,000 | $ 95,000 |
| Westchester, New York | 1 | $ 66,000 | $ 66,000 | $ 53,000 |
| Cabarrus, North Carolina | 1 | $ 25,000 | $ 25,000 | $ 20,000 |
| Berks, Pennsylvania | 1 | $ 20,000 | $ 20,000 | $ 86,000 |
| Carbon, Pennsylvania | 1 | $ 53,000 | $ 53,000 | $ 42,000 |
| Centre, Pennsylvania | 1 | $ 47,000 | $ 47,000 | $ 90,000 |
| Luzerne, Pennsylvania | 1 | $ 65,000 | $ 65,000 | $ 90,000 |
| Northampton, Pennsylvania | 1 | $ 153,000 | $ 153,000 | $ 48,000 |
| Fairfax, Virginia | 1 | $ 206,000 | $ 206,000 | $ 34,000 |
| Halifax, Virginia | 1 | $ 54,000 | $ 54,000 | $ 79,000 |
| Northampton, Virginia | 1 | $ 452,000 | $ 452,000 | $ 531,000 |
| Prince William, Virginia | 1 | $ 54,000 | $ 54,000 | $ 79,000 |
Mortgage Loan Application Detail Totals for Wachovia Bank of Delaware in 2004
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 | 1,146 | $115,627,000 | $93,200 | $1,005,000 | $86,200 | $2,003,000 |
| Home Improvement | 177 | $6,823,000 | $39,600 | $253,000 | $56,000 | $239,000 |
| Home Purchase | 114 | $10,845,000 | $181,000 | $1,203,000 | $246,714 | $1,988,000 |
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 | 935 | $84,655,000 | $131,375 | $776,000 | $151,500 | $2,003,000 |
| Black or African American | 215 | $17,287,000 | $77,625 | $450,000 | $88,250 | $235,000 |
| Not Provided | 207 | $23,045,000 | $191,000 | $1,203,000 | $183,000 | $938,000 |
| Hispanic | 45 | $3,787,000 | $61,333 | $440,000 | $48,666 | $235,000 |
| American Indian or Alaskan Native | 16 | $1,842,000 | $74,333 | $240,000 | $102,000 | $165,000 |
| Asian | 15 | $2,162,000 | $126,333 | $267,000 | $72,000 | $186,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $407,000 | $126,500 | $200,000 | $89,500 | $114,000 |
| Not applicable | 1 | $110,000 | $110,000 | $110,000 | $56,000 | $56,000 |
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) | 1,437 | $133,295,000 | $96,700 | $1,203,000 | $103,000 | $2,003,000 |
| 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 | 657 | $57,486,000 | $159,000 | $1,203,000 | $161,500 | $1,988,000 |
| Application Denied By Financial Institution | 397 | $35,779,000 | $87,142 | $521,000 | $87,714 | $1,046,000 |
| Application Approved But Not Accepted | 382 | $40,016,000 | $69,714 | $640,000 | $94,571 | $2,003,000 |
| File Closed For Incompleteness | 1 | $14,000 | $14,000 | $14,000 | $50,000 | $50,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 271 | $22,013,000 | $79,000 | $375,000 | $82,000 | $1,046,000 |
| Debt-To-Income Ratio | 78 | $9,152,000 | $102,500 | $521,000 | $59,166 | $203,000 |
| Collateral | 45 | $4,169,000 | $82,000 | $251,000 | $127,500 | $302,000 |
| Other | 3 | $445,000 | $148,000 | $325,000 | $222,000 | $730,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 Wachovia Bank of Delaware's 2004 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 Wachovia Bank of Delaware'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 North Carolina, download the full spreadsheet
with aggregated HMDA statistics today.
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