McPherson County, NE Mortgage Lenders & HMDA Data, 2008

In 2008, lenders reported 10 mortgage applications in McPherson County, NE totaling $855,000, up 67% from 2007. The average application was for $85,000, and applicants reported an average income of $42,000. 40% of applications resulted in an originated loan and 40% were denied. The most active lender was Nationstar Mortgage, with 3 applications, followed by Wells Fargo Bank, NA and Bank of America, N.A..

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Total Number of Mortgage Applications 10
Total Mortgage Loan Application Amount $855,000
Average Mortgage Loan Application Amount $85,000
Highest Mortgage Loan Application Amount $133,000
Average Applicant Income $42,000
Highest Applicant Income $94,000

Mortgage Company List for Lending in McPherson County, NE for 2008

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ 10,000,000 3 $ 227,000
Wells Fargo Bank, NA
1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042
DES MOINES, IA 50328
* $ 467,861,000,000 1 $ 34,000
Bank of America, N.A.
4500 PARK GRANADA
CALABASAS, CA 91302
* $ 1,312,794,218,000 1 $ 105,000
Adams Bank & Trust
PO BOX 720
OGALLALA, NE 69153
* $ 455,632,000 1 $ 124,000
Wells Fargo Fin'l Nebraska,Inc
800 WALNUT ST, 6TH FLOOR, MAC F4031-061
DES MOINES, IA 50309
* $ 36,752,895,000 1 $ 75,000
Flagstar Bank
5151 CORPORATE DR
TROY, MI 48098
* $ 15,757,171,000 1 $ 131,000
Gmac Mortgage LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 31,000,000 1 $ 26,000
Lsi Mortgage Plus
6470 E JOHNS CROSSING STE 400
DULUTH, GA 30097
* $ 1,704,000 1 $ 133,000

The tables below break down 2008 mortgage applications in McPherson County, NE by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for McPherson County, NE 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 5 $435,000 $87,000 $133,000 $34,000 $52,000
Home Purchase 4 $289,000 $72,000 $124,000 $50,000 $94,000
Home Improvement 1 $131,000 $131,000 $131,000 $51,000 $51,000

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 9 $780,000 $86,000 $133,000 $44,000 $94,000
Not Provided 1 $75,000 $75,000 $75,000 $20,000 $20,000
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
Not applicable 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) 7 $514,000 $73,000 $124,000 $41,000 $94,000
FHA-insured (Federal Housing Administration) 3 $341,000 $113,000 $133,000 $44,000 $52,000
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 4 $422,000 $105,000 $133,000 $49,000 $94,000
Application Denied By Financial Institution 4 $281,000 $70,000 $105,000 $44,000 $60,000
Application Withdrawn By Applicant 2 $152,000 $76,000 $77,000 $24,000 $29,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 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
Debt-To-Income Ratio 1 $105,000 $105,000 $105,000 $46,000 $46,000
Credit Application Incomplete 1 $75,000 $75,000 $75,000 $29,000 $29,000
Credit History 0 $0 $0 $0 $0 $0
Collateral 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
Other 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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