Motley County, TX Mortgage Lenders & HMDA Data, 2008

In 2008, lenders reported 24 mortgage applications in Motley County, TX totaling $712,000, up 20% from 2007. The average application was for $29,000, and applicants reported an average income of $63,000. 46% of applications resulted in an originated loan and 38% were denied. The most active lender was Capital One NA, with 7 applications, followed by Wells Fargo Fin'l Texas, Inc and JPMorgan Chase Bank, NA.

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Total Number of Mortgage Applications 24
Total Mortgage Loan Application Amount $712,000
Average Mortgage Loan Application Amount $29,000
Highest Mortgage Loan Application Amount $81,000
Average Applicant Income $63,000
Highest Applicant Income $207,000
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Top Mortgage Lenders in Motley County, TX (2008)

Ranked by the number of mortgage applications each lender reported in Motley County, TX in 2008.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Capital One NA
Baton Rouge, LA
7 $93,000 $13,000 $63,000
2 Wells Fargo Fin'l Texas, Inc
Des Moines, IA
4 $134,000 $33,000 $84,000
3 JPMorgan Chase Bank, NA
Columbus, OH
3 $133,000 $44,000 $35,000
4 Wells Fargo Bank, NA
Des Moines, IA
1 $13,000 $13,000 $76,000
5 First National Bank
Artesia, NM
1 $64,000 $64,000 $182,000
6 Southwest Securities, FSB
Dallas, TX
1 $7,000 $7,000 $33,000
7 American State Bank
Lubbock, TX
1 $44,000 $44,000 $66,000
8 Lubbock National Bank
Lubbock, TX
1 $31,000 $31,000 $21,000
9 Countrywide Bank FSB
Westlake Village, CA
1 $50,000 $50,000 $81,000
10 Charles Schwab Bank
San Francisco, CA
1 $35,000 $35,000 $125,000

See every lender active in Motley County, TX in 2008 »

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

Mortgage Loan Application Detail Totals for Motley County, TX 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
Home Improvement 12 $165,000 $13,000 $31,000 $61,000 $207,000
Home Purchase 7 $287,000 $41,000 $64,000 $61,000 $182,000
Refinancing 5 $260,000 $52,000 $81,000 $69,000 $138,000

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 20 $534,000 $26,000 $72,000 $72,000 $207,000
Not Provided 2 $62,000 $31,000 $31,000 $21,000 $21,000
Not applicable 1 $35,000 $35,000 $35,000 $0 $0
Black or African American 1 $81,000 $81,000 $81,000 $41,000 $41,000
Hispanic 0 $0 $0 $0 $0 $0
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 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) 24 $712,000 $29,000 $81,000 $63,000 $207,000
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 11 $331,000 $30,000 $64,000 $79,000 $207,000
Application Denied By Financial Institution 9 $284,000 $31,000 $81,000 $45,000 $74,000
Application Withdrawn By Applicant 2 $31,000 $15,000 $16,000 $111,000 $138,000
Loan Purchased By The Institution 2 $66,000 $33,000 $35,000 $10,000 $21,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Application Approved But Not Accepted 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 6 $134,000 $22,000 $81,000 $45,000 $74,000
Credit Application Incomplete 1 $47,000 $47,000 $47,000 $17,000 $17,000
Collateral 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 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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