Westbridge Bank and Trust Mortgage Lending & HMDA Data, 2007
In 2007, Westbridge Bank and Trust of Chesterfield, MO reported 252 mortgage applications totaling $53.8 million. The average application was for $213,380, and applicants reported an average income of $110,555. 57% of its applications resulted in an originated loan and 8% were denied. Its largest markets were St. Louis, MO-IL (215), Chicago-Naperville-Joliet, IL (3) and Dallas-Plano-Irving, TX (2) (applications in parentheses).
| Mortgage Company & Address | Westbridge Bank and Trust 17280 N Outer 40 Road Chesterfield, MO 63005 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 |
| Total Number of Mortgage Applications | 252 |
| Total Mortgage Loan Application Amount | $53,772,000 |
| Average Mortgage Loan Application Amount | $213,380 |
| Highest Mortgage Loan Application Amount | $2,900,000 |
| Average Applicant Income | $110,555 |
| Highest Applicant Income | $4,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Westbridge Bank and Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Westbridge Bank and Trust in 2007
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 | 156 | $28,707,000 | $184,000 | $2,150,000 | $109,000 | $4,000,000 |
| Refinancing | 92 | $22,015,000 | $239,000 | $1,275,000 | $115,000 | $750,000 |
| Home Improvement | 4 | $3,050,000 | $762,000 | $2,900,000 | $69,000 | $160,000 |
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 | 174 | $34,582,000 | $198,000 | $2,150,000 | $139,000 | $4,000,000 |
| Not applicable | 34 | $10,042,000 | $295,000 | $2,900,000 | $0 | $0 |
| Not Provided | 23 | $3,716,000 | $161,000 | $500,000 | $83,000 | $350,000 |
| Black or African American | 10 | $2,723,000 | $272,000 | $1,275,000 | $69,000 | $200,000 |
| Asian | 6 | $2,086,000 | $347,000 | $1,480,000 | $128,000 | $508,000 |
| American Indian or Alaskan Native | 3 | $327,000 | $109,000 | $153,000 | $68,000 | $70,000 |
| Hispanic | 2 | $296,000 | $148,000 | $148,000 | $48,000 | $48,000 |
| 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) | 252 | $53,772,000 | $213,000 | $2,900,000 | $110,000 | $4,000,000 |
| 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 | 143 | $28,372,000 | $198,000 | $2,150,000 | $107,000 | $4,000,000 |
| File Closed For Incompleteness | 50 | $11,300,000 | $226,000 | $975,000 | $122,000 | $750,000 |
| Application Withdrawn By Applicant | 28 | $8,365,000 | $298,000 | $2,900,000 | $157,000 | $1,083,000 |
| Application Denied By Financial Institution | 20 | $4,742,000 | $237,000 | $1,275,000 | $61,000 | $189,000 |
| Loan Purchased By The Institution | 6 | $541,000 | $90,000 | $190,000 | $90,000 | $276,000 |
| Application Approved But Not Accepted | 5 | $452,000 | $90,000 | $188,000 | $48,000 | $96,000 |
| 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 | 7 | $2,045,000 | $292,000 | $1,275,000 | $30,000 | $64,000 |
| Debt-To-Income Ratio | 6 | $1,149,000 | $191,000 | $500,000 | $83,000 | $189,000 |
| Employment History | 2 | $750,000 | $375,000 | $564,000 | $112,000 | $173,000 |
| Collateral | 2 | $253,000 | $126,000 | $160,000 | $29,000 | $30,000 |
| Unverifiable Information | 2 | $317,000 | $158,000 | $167,000 | $78,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $228,000 | $228,000 | $228,000 | $77,000 | $77,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Westbridge Bank and Trust's 2007 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 Westbridge Bank and 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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