New Madrid County, MO Mortgage Lenders & HMDA Data, 2006

In 2006, lenders reported 793 mortgage applications in New Madrid County, MO totaling $55.5 million, down 16% from 2005. The average application was for $70,000, and applicants reported an average income of $50,000. 27% of applications resulted in an originated loan and 33% were denied. The most active lender was Beneficial Company LLC, with 64 applications, followed by Countrywide Home Loans and Regions Bank.

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Total Number of Mortgage Applications 793
Total Mortgage Loan Application Amount $55,531,000
Average Mortgage Loan Application Amount $70,000
Highest Mortgage Loan Application Amount $720,000
Average Applicant Income $50,000
Highest Applicant Income $751,000
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Top Mortgage Lenders in New Madrid County, MO (2006)

Ranked by the number of mortgage applications each lender reported in New Madrid County, MO in 2006.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Beneficial Company LLC
Mettawa, IL
64 $3,546,000 $55,000 $55,000
2 Countrywide Home Loans
Westlake Village, CA
53 $4,318,000 $81,000 $48,000
3 Regions Bank
Birmingham, AL
53 $3,504,000 $66,000 $54,000
4 US Bank, N.A.
Milwaukee, WI
26 $1,276,000 $49,000 $37,000
5 Gmac Mortgage LLC
Ft. Washington, PA
25 $1,577,000 $63,000 $34,000
6 Wells Fargo Bank, NA
Des Moines, IA
23 $1,864,000 $81,000 $42,000
7 Wells Fargo Fin'l Missouri Inc
Des Moines, IA
22 $2,490,000 $113,000 $70,000
8 Delta Funding Corporation
Woodbury, NY
20 $1,305,000 $65,000 $37,000
9 First State Community Bank
Farmington, MO
19 $982,000 $51,000 $47,000
10 Citicorp Trust Bank, FSB
New York, NY
18 $1,996,000 $110,000 $72,000

See every lender active in New Madrid County, MO in 2006 »

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

Mortgage Loan Application Detail Totals for New Madrid County, MO 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
Refinancing 459 $35,313,000 $76,000 $720,000 $53,000 $751,000
Home Purchase 247 $16,819,000 $68,000 $185,000 $43,000 $192,000
Home Improvement 87 $3,399,000 $39,000 $166,000 $51,000 $191,000

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 533 $36,566,000 $68,000 $720,000 $55,000 $751,000
Not Provided 127 $9,565,000 $75,000 $275,000 $49,000 $324,000
Not applicable 64 $4,824,000 $75,000 $350,000 $13,000 $102,000
Black or African American 62 $4,035,000 $65,000 $192,000 $45,000 $113,000
Hispanic 6 $368,000 $61,000 $113,000 $73,000 $192,000
Native Hawaiian or Other Pacific Islander 1 $173,000 $173,000 $173,000 $144,000 $144,000
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) 744 $51,675,000 $69,000 $720,000 $51,000 $751,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 25 $1,754,000 $70,000 $155,000 $29,000 $72,000
FHA-insured (Federal Housing Administration) 18 $1,336,000 $74,000 $174,000 $46,000 $91,000
VA-guaranteed (Veterans Administration) 6 $766,000 $127,000 $170,000 $54,000 $95,000

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 261 $17,698,000 $67,000 $720,000 $51,000 $751,000
Loan Originated 215 $14,642,000 $68,000 $213,000 $53,000 $191,000
Loan Purchased By The Institution 118 $9,108,000 $77,000 $350,000 $29,000 $102,000
Application Withdrawn By Applicant 104 $7,456,000 $71,000 $249,000 $60,000 $580,000
Application Approved But Not Accepted 73 $4,772,000 $65,000 $183,000 $53,000 $324,000
File Closed For Incompleteness 22 $1,855,000 $84,000 $145,000 $54,000 $162,000
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 47 $2,603,000 $55,000 $164,000 $47,000 $113,000
Collateral 30 $2,228,000 $74,000 $149,000 $76,000 $751,000
Other 25 $1,819,000 $72,000 $140,000 $43,000 $101,000
Debt-To-Income Ratio 14 $1,331,000 $95,000 $275,000 $37,000 $88,000
Credit Application Incomplete 11 $886,000 $80,000 $155,000 $46,000 $75,000
Unverifiable Information 5 $605,000 $121,000 $159,000 $49,000 $89,000
Mortgage Insurance Denied 1 $72,000 $72,000 $72,000 $45,000 $45,000
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 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.

Download the Missouri Lender List