Woodforest National Bank Mortgage Lending & HMDA Data, 2008
In 2008, Woodforest National Bank of The Woodlands, TX reported 1,190 mortgage applications totaling $168.0 million, up 17% from 2007. The average application was for $141,203, and applicants reported an average income of $126,679. 37% of its applications resulted in an originated loan and 31% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (669), Cleveland-Elyria-Mentor, OH (23) and Chicago-Naperville-Joliet, IL (21) (applications in parentheses).
| Mortgage Company & Address | Woodforest National Bank 25231 Grogan's Mill Road The Woodlands, TX 77380 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,190 |
| Total Mortgage Loan Application Amount | $168,032,000 |
| Average Mortgage Loan Application Amount | $141,203 |
| Highest Mortgage Loan Application Amount | $3,300,000 |
| Average Applicant Income | $126,679 |
| Highest Applicant Income | $3,598,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Woodforest National Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Woodforest National Bank in 2008
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 | 425 | $68,437,000 | $161,000 | $3,300,000 | $100,000 | $1,622,000 |
| Home Improvement | 399 | $11,599,000 | $29,000 | $400,000 | $75,000 | $608,000 |
| Home Purchase | 366 | $87,996,000 | $240,000 | $3,057,000 | $214,000 | $3,598,000 |
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 | 880 | $126,197,000 | $143,000 | $2,200,000 | $139,000 | $3,598,000 |
| Hispanic | 109 | $8,301,000 | $76,000 | $1,268,000 | $113,000 | $2,102,000 |
| Black or African American | 78 | $6,190,000 | $79,000 | $630,000 | $68,000 | $388,000 |
| Not Provided | 65 | $9,090,000 | $139,000 | $1,300,000 | $93,000 | $584,000 |
| Asian | 25 | $7,863,000 | $314,000 | $3,057,000 | $145,000 | $1,084,000 |
| Not applicable | 21 | $9,912,000 | $472,000 | $3,300,000 | $3,000 | $77,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $363,000 | $45,000 | $124,000 | $60,000 | $102,000 |
| American Indian or Alaskan Native | 4 | $116,000 | $29,000 | $43,000 | $83,000 | $160,000 |
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) | 1,156 | $164,723,000 | $142,000 | $3,300,000 | $129,000 | $3,598,000 |
| FHA-insured (Federal Housing Administration) | 34 | $3,309,000 | $97,000 | $198,000 | $52,000 | $142,000 |
| 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 | 439 | $87,108,000 | $198,000 | $3,057,000 | $204,000 | $3,598,000 |
| Application Denied By Financial Institution | 363 | $19,411,000 | $53,000 | $1,400,000 | $62,000 | $657,000 |
| Loan Purchased By The Institution | 301 | $40,328,000 | $133,000 | $417,000 | $83,000 | $1,200,000 |
| Application Approved But Not Accepted | 57 | $14,864,000 | $260,000 | $3,300,000 | $188,000 | $806,000 |
| Preapproval Approved but not Accepted | 22 | $5,356,000 | $243,000 | $1,300,000 | $128,000 | $584,000 |
| Preapproval Denied by Financial Institution | 8 | $965,000 | $120,000 | $280,000 | $35,000 | $67,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 | 238 | $7,637,000 | $32,000 | $1,400,000 | $52,000 | $657,000 |
| Debt-To-Income Ratio | 55 | $4,670,000 | $84,000 | $603,000 | $46,000 | $197,000 |
| Collateral | 52 | $5,192,000 | $99,000 | $608,000 | $107,000 | $323,000 |
| Other | 12 | $1,798,000 | $149,000 | $1,276,000 | $87,000 | $255,000 |
| Credit Application Incomplete | 7 | $213,000 | $30,000 | $70,000 | $96,000 | $306,000 |
| Unverifiable Information | 5 | $670,000 | $134,000 | $284,000 | $49,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $196,000 | $98,000 | $112,000 | $42,000 | $42,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Woodforest National Bank's 2008 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 Woodforest National Bank'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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