Worthington Federal Bank Mortgage Lending & HMDA Data, 2010
In 2010, Worthington Federal Bank of Huntsville, AL reported 6,802 mortgage applications totaling $1.0 billion, up 94% from 2009. The average application was for $150,541, and applicants reported an average income of $78,352. 17% of its applications resulted in an originated loan and 62% were denied. Its largest markets were Huntsville, AL (1,839), Nashville-Davidson--Murfreesboro--Franklin, TN (1,228) and Birmingham-Hoover, AL (1,023) (applications in parentheses).
| Mortgage Company & Address | Worthington Federal Bank 3301 Memorial Parkway Sw Huntsville, AL 35801 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 6,802 |
| Total Mortgage Loan Application Amount | $1,023,986,000 |
| Average Mortgage Loan Application Amount | $150,541 |
| Highest Mortgage Loan Application Amount | $1,290,000 |
| Average Applicant Income | $78,352 |
| Highest Applicant Income | $1,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Worthington Federal Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Huntsville, AL | 1,839 | $ 290,636,000 | $ 158,040 | $ 85,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1,228 | $ 201,639,000 | $ 164,201 | $ 80,000 |
| Birmingham-Hoover, AL | 1,023 | $ 157,131,000 | $ 153,598 | $ 78,000 |
| Decatur, AL | 527 | $ 71,373,000 | $ 135,432 | $ 78,000 |
| Chattanooga, TN-GA | 392 | $ 51,905,000 | $ 132,410 | $ 68,102 |
| Florence-Muscle Shoals, AL | 104 | $ 15,003,000 | $ 144,259 | $ 77,000 |
| Cleveland, TN | 87 | $ 12,477,000 | $ 143,413 | $ 63,000 |
| Dalton, GA | 79 | $ 11,217,000 | $ 141,987 | $ 60,000 |
| Anniston-Oxford, AL | 44 | $ 5,794,000 | $ 131,681 | $ 68,000 |
| Clarksville, TN-KY | 43 | $ 5,447,000 | $ 126,674 | $ 64,000 |
| Gadsden, AL | 43 | $ 5,774,000 | $ 134,279 | $ 62,000 |
| Knoxville, TN | 41 | $ 5,739,000 | $ 139,975 | $ 68,000 |
| Tuscaloosa, AL | 41 | $ 7,038,000 | $ 171,658 | $ 98,000 |
| Atlanta-Sandy Springs-Marietta, GA | 11 | $ 2,003,000 | $ 182,090 | $ 86,000 |
| Auburn-Opelika, AL | 10 | $ 1,419,000 | $ 141,900 | $ 101,000 |
| Montgomery, AL | 10 | $ 1,491,000 | $ 149,100 | $ 65,000 |
| Memphis, TN-MS-AR | 8 | $ 518,000 | $ 64,750 | $ 80,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 1,205,000 | $ 241,000 | $ 138,000 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 750,000 | $ 187,500 | $ 150,000 |
| Mobile, AL | 4 | $ 308,000 | $ 77,000 | $ 117,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 4 | $ 788,000 | $ 197,000 | $ 273,000 |
| Rome, GA | 4 | $ 768,000 | $ 192,000 | $ 69,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 224,000 | $ 74,666 | $ 46,000 |
| Phoenix-Mesa-Glendale, AZ | 3 | $ 595,000 | $ 198,333 | $ 75,000 |
| Bowling Green, KY | 2 | $ 299,000 | $ 149,500 | $ 66,000 |
| Dallas-Plano-Irving, TX | 2 | $ 505,000 | $ 252,500 | $ 134,000 |
| Edison-New Brunswick, NJ | 2 | $ 732,000 | $ 366,000 | $ 160,000 |
| Jacksonville, FL | 2 | $ 162,000 | $ 81,000 | $ 127,000 |
| Las Vegas-Paradise, NV | 2 | $ 275,000 | $ 137,500 | $ 53,000 |
| Morristown, TN | 2 | $ 195,000 | $ 97,500 | $ 73,000 |
| Shreveport-Bossier City, LA | 2 | $ 121,000 | $ 60,500 | $ 62,000 |
| Tucson, AZ | 2 | $ 388,000 | $ 194,000 | $ 68,000 |
| Bakersfield-Delano, CA | 1 | $ 20,000 | $ 20,000 | $ 31,000 |
| Baltimore-Towson, MD | 1 | $ 153,000 | $ 153,000 | $ 85,000 |
| Charleston, WV | 1 | $ 200,000 | $ 200,000 | $ 74,000 |
| Charlotte-Gastonia-Rock Hill, NC-SC | 1 | $ 195,000 | $ 195,000 | $ 75,000 |
| Columbia, SC | 1 | $ 177,000 | $ 177,000 | $ 286,000 |
| Columbus, GA-AL | 1 | $ 94,000 | $ 94,000 | $ 66,000 |
| Dothan, AL | 1 | $ 194,000 | $ 194,000 | $ 102,000 |
| Fort Smith, AR-OK | 1 | $ 200,000 | $ 200,000 | $ 125,000 |
| Grand Rapids-Wyoming, MI | 1 | $ 143,000 | $ 143,000 | $ 61,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 118,000 | $ 118,000 | $ 18,000 |
| Jackson, MS | 1 | $ 58,000 | $ 58,000 | $ 70,000 |
| Jackson, TN | 1 | $ 122,000 | $ 122,000 | $ 47,000 |
| Johnson City, TN | 1 | $ 69,000 | $ 69,000 | $ 23,000 |
| Lake Charles, LA | 1 | $ 327,000 | $ 327,000 | $ 132,000 |
| Lawton, OK | 1 | $ 52,000 | $ 52,000 | $ 80,000 |
| Macon, GA | 1 | $ 223,000 | $ 223,000 | $ 84,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 402,000 | $ 402,000 | $ 625,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 123,000 | $ 123,000 | $ 0 |
| Spartanburg, SC | 1 | $ 134,000 | $ 134,000 | $ 66,000 |
| St. Louis, MO-IL | 1 | $ 130,000 | $ 130,000 | $ 25,000 |
| Valdosta, GA | 1 | $ 97,000 | $ 97,000 | $ 55,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 126,000 | $ 126,000 | $ 83,000 |
| Wilmington, DE-MD-NJ | 1 | $ 103,000 | $ 103,000 | $ 150,000 |
| Youngstown-Warren-Boardman, OH-PA | 1 | $ 45,000 | $ 45,000 | $ 57,000 |
Mortgage Loan Application Detail Totals for Worthington Federal Bank in 2010
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 | 6,058 | $924,997,000 | $152,000 | $1,290,000 | $79,000 | $1,000,000 |
| Home Purchase | 474 | $64,111,000 | $135,000 | $480,000 | $68,000 | $330,000 |
| Home Improvement | 270 | $34,878,000 | $129,000 | $417,000 | $82,000 | $581,000 |
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 | 6,274 | $942,414,000 | $150,000 | $1,290,000 | $79,000 | $1,000,000 |
| Not Provided | 362 | $57,640,000 | $159,000 | $661,000 | $82,000 | $400,000 |
| Black or African American | 81 | $10,830,000 | $133,000 | $473,000 | $62,000 | $191,000 |
| Hispanic | 32 | $4,427,000 | $138,000 | $392,000 | $71,000 | $226,000 |
| Asian | 29 | $5,597,000 | $193,000 | $383,000 | $80,000 | $241,000 |
| American Indian or Alaskan Native | 20 | $2,600,000 | $130,000 | $404,000 | $68,000 | $148,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $343,000 | $171,000 | $340,000 | $86,000 | $133,000 |
| Not applicable | 2 | $135,000 | $67,000 | $84,000 | $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) | 5,226 | $781,056,000 | $149,000 | $1,290,000 | $81,000 | $1,000,000 |
| FHA-insured (Federal Housing Administration) | 1,504 | $230,364,000 | $153,000 | $401,000 | $69,000 | $385,000 |
| VA-guaranteed (Veterans Administration) | 57 | $10,808,000 | $189,000 | $417,000 | $91,000 | $208,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 15 | $1,758,000 | $117,000 | $231,000 | $44,000 | $91,000 |
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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 4,188 | $623,846,000 | $148,000 | $1,290,000 | $75,000 | $960,000 |
| Application Withdrawn By Applicant | 1,158 | $182,570,000 | $157,000 | $1,250,000 | $86,000 | $1,000,000 |
| Loan Originated | 1,142 | $168,435,000 | $147,000 | $466,000 | $83,000 | $581,000 |
| Application Approved But Not Accepted | 314 | $49,135,000 | $156,000 | $661,000 | $84,000 | $309,000 |
| File Closed For Incompleteness | 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 Application Incomplete | 1,874 | $293,813,000 | $156,000 | $882,000 | $87,000 | $960,000 |
| Credit History | 1,143 | $145,381,000 | $127,000 | $715,000 | $59,000 | $540,000 |
| Debt-To-Income Ratio | 509 | $79,645,000 | $156,000 | $631,000 | $53,000 | $277,000 |
| Collateral | 501 | $85,796,000 | $171,000 | $1,290,000 | $88,000 | $822,000 |
| Other | 120 | $14,083,000 | $117,000 | $417,000 | $77,000 | $237,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 16 | $1,814,000 | $113,000 | $285,000 | $65,000 | $153,000 |
| Employment History | 15 | $2,089,000 | $139,000 | $232,000 | $51,000 | $146,000 |
| Unverifiable Information | 10 | $1,225,000 | $122,000 | $278,000 | $79,000 | $191,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Worthington Federal Bank's 2010 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 Worthington Federal 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.
For a list of all lenders in Alabama, download the full spreadsheet
with aggregated HMDA statistics today.
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