Petroleum County, MT Mortgage Lenders & HMDA Data, 2007

In 2007, lenders reported 11 mortgage applications in Petroleum County, MT totaling $937,000, up 22% from 2006. The average application was for $85,000, and applicants reported an average income of $99,000. 36% of applications resulted in an originated loan and 27% were denied. The most active lender was Countrywide Home Loans, with 2 applications, followed by Beneficial Company LLC and Western Security Bank.

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Total Number of Mortgage Applications 11
Total Mortgage Loan Application Amount $937,000
Average Mortgage Loan Application Amount $85,000
Highest Mortgage Loan Application Amount $240,000
Average Applicant Income $99,000
Highest Applicant Income $360,000

Mortgage Company List for Lending in Petroleum County, MT for 2007

* 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
Countrywide Home Loans
30930 RUSSELL RANCH ROAD MS WLRR-148
WESTLAKE VILLAGE, CA 91362
* $ 199,946,230,000 2 $ 141,000
Beneficial Company LLC
26525 NORTH RIVERWOODS BLVD.
METTAWA, IL 60045
* $ 4,017,643,000 2 $ 62,000
Western Security Bank
2812 1ST AVE NORTH
BILLINGS, MT 59101
* $ 406,050,000 1 $ 43,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ 31,000,000 1 $ 240,000
Ameriquest Mortgage Company
1100 TOWN & COUNTRY ROAD
ORANGE, CA 92868
* $ 10,000,000 1 $ 105,000
Agwest Farm Credit, Flca
2001 SOUTH FLINT ROAD
SPOKANE, WA 99224
* $ 4,658,882,000 1 $ 41,000
First Tennessee Bank NA
165 MADISON 5TH FLOOR
MEMPHIS, TN 38103
* $ 37,608,492,000 1 $ 240,000
Wells Fargo Bank, NA
1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042
DES MOINES, IA 50328
* $ 398,671,000,000 1 $ 27,000
First Interstate Bank
PO BOX 30918
BILLINGS, MT 59116
* $ 4,946,491,000 1 $ 38,000

The tables below break down 2007 mortgage applications in Petroleum County, MT by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Petroleum County, MT in 2007

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 $745,000 $124,000 $240,000 $145,000 $360,000
Home Purchase 5 $192,000 $38,000 $43,000 $44,000 $72,000
Home Improvement 0 $0 $0 $0 $0 $0

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 11 $937,000 $85,000 $240,000 $99,000 $360,000
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
Not Provided 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) 10 $899,000 $89,000 $240,000 $106,000 $360,000
VA-guaranteed (Veterans Administration) 1 $38,000 $38,000 $38,000 $34,000 $34,000
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

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 $419,000 $104,000 $240,000 $54,000 $108,000
Application Denied By Financial Institution 3 $315,000 $105,000 $240,000 $148,000 $360,000
Application Approved But Not Accepted 2 $68,000 $34,000 $41,000 $50,000 $72,000
Application Withdrawn By Applicant 1 $30,000 $30,000 $30,000 $32,000 $32,000
File Closed For Incompleteness 1 $105,000 $105,000 $105,000 $300,000 $300,000
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
Collateral 2 $283,000 $141,000 $240,000 $201,000 $360,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 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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