Logan County, ND Mortgage Lenders & HMDA Data, 2006

In 2006, lenders reported 50 mortgage applications in Logan County, ND totaling $3.0 million, up 52% from 2005. The average application was for $60,000, and applicants reported an average income of $58,000. 28% of applications resulted in an originated loan and 26% were denied. The most active lender was First Community Credit Union, with 7 applications, followed by Wells Fargo Bank, NA and Countrywide Home Loans.

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Total Number of Mortgage Applications 50
Total Mortgage Loan Application Amount $3,049,000
Average Mortgage Loan Application Amount $60,000
Highest Mortgage Loan Application Amount $228,000
Average Applicant Income $58,000
Highest Applicant Income $600,000
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Top Mortgage Lenders in Logan County, ND (2006)

Ranked by the number of mortgage applications each lender reported in Logan County, ND in 2006.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 First Community Credit Union
Jamestown, ND
7 $262,000 $37,000 $51,000
2 Wells Fargo Bank, NA
Des Moines, IA
6 $407,000 $67,000 $37,000
3 Countrywide Home Loans
Westlake Village, CA
5 $256,000 $51,000 $50,000
4 Countrywide Bank, N.A.
Pasadena, CA
4 $209,000 $52,000 $38,000
5 First Magnus Financial Corp
Tucson, AZ
3 $174,000 $58,000 $79,000
6 Ameriquest Mortgage Company
Orange, CA
3 $235,000 $78,000 $216,000
7 Mortgage It Inc
New York, NY
3 $110,000 $36,000 $30,000
8 Wmc Mortgage Corp.
Burbank, CA
2 $87,000 $43,000 $32,000
9 Green Tree Servicing LLC
St. Paul, MN
2 $198,000 $99,000 $47,000
10 Abn Amro Mtg Group Inc
New York, NY
2 $133,000 $66,000 $39,000

See every lender active in Logan County, ND in 2006 »

The tables below break down 2006 mortgage applications in Logan County, ND by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Logan County, ND in 2006

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 29 $1,657,000 $57,000 $135,000 $44,000 $100,000
Refinancing 18 $1,277,000 $70,000 $228,000 $84,000 $600,000
Home Improvement 3 $115,000 $38,000 $96,000 $42,000 $60,000

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 39 $2,426,000 $62,000 $228,000 $66,000 $600,000
Not Provided 6 $383,000 $63,000 $96,000 $36,000 $60,000
Not applicable 5 $240,000 $48,000 $81,000 $26,000 $61,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 0 $0 $0 $0 $0 $0
Black or African American 0 $0 $0 $0 $0 $0
Hispanic 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) 44 $2,790,000 $63,000 $228,000 $60,000 $600,000
VA-guaranteed (Veterans Administration) 3 $170,000 $56,000 $67,000 $37,000 $43,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2 $48,000 $24,000 $30,000 $62,000 $78,000
FHA-insured (Federal Housing Administration) 1 $41,000 $41,000 $41,000 $25,000 $25,000

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
Loan Originated 14 $914,000 $65,000 $228,000 $54,000 $150,000
Application Denied By Financial Institution 13 $746,000 $57,000 $97,000 $55,000 $150,000
Loan Purchased By The Institution 12 $559,000 $46,000 $81,000 $31,000 $61,000
Application Approved But Not Accepted 4 $331,000 $82,000 $135,000 $53,000 $66,000
File Closed For Incompleteness 4 $286,000 $71,000 $86,000 $189,000 $600,000
Application Withdrawn By Applicant 3 $213,000 $71,000 $96,000 $35,000 $43,000
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 5 $271,000 $54,000 $97,000 $66,000 $150,000
Other 2 $139,000 $69,000 $75,000 $28,000 $29,000
Insufficient Cash (Downpayment, Closing Cost) 1 $81,000 $81,000 $81,000 $47,000 $47,000
Collateral 1 $47,000 $47,000 $47,000 $62,000 $62,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

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