Pipestone County, MN Mortgage Lenders & HMDA Data, 2012

In 2012, lenders reported 173 mortgage applications in Pipestone County, MN totaling $18.6 million, up 2% from 2011. The average application was for $107,000, and applicants reported an average income of $56,000. 45% of applications resulted in an originated loan and 14% were denied. The most active lender was Wells Fargo Bank NA, with 21 applications, followed by JPMorgan Chase Bank, NA and US Bank, N.A..

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Total Number of Mortgage Applications 173
Total Mortgage Loan Application Amount $18,623,000
Average Mortgage Loan Application Amount $107,000
Highest Mortgage Loan Application Amount $644,000
Average Applicant Income $56,000
Highest Applicant Income $772,000

Mortgage Company List for Lending in Pipestone County, MN for 2012

* 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
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,161,490,000,000 21 $ 3,067,000
JPMorgan Chase Bank, NA
1111 POLARIS PARKWAY
COLUMBUS, OH 43240
* $ 1,811,678,000,000 21 $ 1,366,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 330,470,810,000 17 $ 1,851,000
Embrace Home Loans, Inc.
25 ENTERPRISE CENTER
MIDDLETOWN, RI 02842
* $ 10,000,000 13 $ 1,167,000
Riverwood Bank
14091 BAXTER DR #117
BAXTER, MN 56425
* $ 162,319,000 12 $ 946,000
Nycb Mortgage Company, LLC
1801 EAST 9TH STREET
CLEVELAND, OH 44114
* $ 75,001,000 8 $ 830,000
Compeer Financial
2600 JENNY WREN TRAIL
SUN PRAIRIE, WI 53590
* $ 10,000,000 8 $ 952,000
US Bk NA Nd
4325 17TH AVENUE, S.W.
FARGO, ND 58103
* $ 5,997,931,000 7 $ 424,000
Franklin American Mortgage Company
6100 TOWER CIRCLE SUITE 600
FRANKLIN, TN 37067
* $ 10,000,000 5 $ 734,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 1,459,157,302,000 5 $ 358,000
Plains Commerce Bank
220 MAIN ST
HOVEN, SD 57450
* $ 414,758,000 4 $ 295,000
Iowa Bankers Mortgage Corporation
8800 NW 62ND AVE
JOHNSTON, IA 50131
* $ 10,000,000 4 $ 419,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ 10,000,000 3 $ 316,000
First State Mortgage Services
502 N HERSHEY ROAD
BLOOMINGTON, IL 61704
* $ 327,995,000 3 $ 322,000
Suntrust Mortgage, Inc.
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ 171,291,705,000 2 $ 132,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ 10,000,000 2 $ 142,000
Stearns Lending, LLC
4 HUTTON CENTRE, 10TH FLOOR
SANTA ANA, CA 92707
* $ 10,000,000 2 $ 237,000
First Premier Bank
400 S SYCAMORE AVE, SUITE 101
SIOUX FALLS, SD 57104
* $ 1,119,448,000 2 $ 364,000
Crescent Mortgage Company
5901 PEACHTREE DUNWOODY RD NE BLG C, 250
ATLANTA, GA 30328
* $ 826,484,000 1 $ 143,000
Minnwest Mortgage Corporation
5324 EAST ARROWHEAD PKY, SUITE 102
SIOUX FALLS, SD 57110
* $ 1,665,359,000 1 $ 138,000
Frandsen Bank & Trust
116 CENTRAL STREET WEST
LONSDALE, MN 55046
* $ 1,439,611,000 1 $ 190,000
Kleinbank
301 CHESTNUT ST
CHASKA, MN 55318
* $ 1,504,419,000 1 $ 644,000
Hiway Credit Union
111 EMPIRE DRIVE
SAINT PAUL, MN 55103
* $ 824,231,000 1 $ 7,000
First Bank & Trust
520 6TH STREET
BROOKINGS, SD 57006
* $ 847,317,000 1 $ 238,000
CU Mortgage Direct, LLC
5010 S. SOLBERG AVENUE
SIOUX FALLS, SD 57108
* $ 48,476,000 1 $ 55,000
Clearpoint Funding, Inc.
4 TECHNOLOGY DRIVE, SUITE 200
WESTBOROUGH, MA 01581
* $ 10,000,000 1 $ 207,000
Think Mutual Bank
5200 MEMBERS PARKWAY NW
ROCHESTER, MN 55901
* $ 1,458,515,000 1 $ 192,000
Cortrust Mortgage, Inc.
2101 S MINNESOTA AVENUE
SIOUX FALLS, SD 57105
* $ 10,000,000 1 $ 44,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ 10,000,000 1 $ 207,000
Flagstar Bank NA

TROY, MI 49098
* $ 13,623,469,000 1 $ 130,000
Nationwide Advantage Mortgage
1100 LOCUST ST
DES MOINES, IA 50391
* $ 31,000,000 1 $ 240,000
Servion
500 MAIN STREET
NEW BRIGHTON, MN 55112
* $ 250,000,000 1 $ 46,000
Rescue Mortgage Inc
10740 LYNDALE AVE S, SUITE 19E
BLOOMINGTON, MN 55420
* $ 1,507,000 1 $ 55,000
Tradition Mortgage, LLC
16995 BRANDTJEN FARM DRIVE SUTE 300
LAKEVILLE, MN 55044
* $ 10,000,000 1 $ 172,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ 31,000,000 1 $ 99,000
Home Loan Center, Inc.
11115 RUSHMORE DRIVE
CHARLOTTE, NC 28277
* $ 10,000,000 1 $ 107,000
Gfs Capital
6499 HAVENWOOD CIRCLE
HUNTINGTON BEACH, CA 92648
* $ 10,000,000 1 $ 173,000
Mid-Island Mortgage Corp.
900 MERCHANTS CONCOURSE, SUITE #112
WESTBURY, NY 11590
* $ 10,000,000 1 $ 207,000
First Bank & Trust
110 N. MINNESOTA AVE
SIOUX FALLS, SD 57104
* $ 435,944,000 1 $ 360,000
Wells Federal Bank
53 1ST ST SW
WELLS, MN 56097
* $ 239,475,000 1 $ 64,000
Home Federal Bank
P.O. BOX 5000
SIOUX FALLS, SD 57117
* $ 1,224,205,000 1 $ 100,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 9,790,194,000 1 $ 5,000
Associated Bank NA
200 NORTH ADAMS STREET
GREEN BAY, WI 54301
* $ 21,715,012,000 1 $ 45,000
State Farm Bank, F.S.B.
1 STATE FARM PLAZA E-6
BLOOMINGTON, IL 61710
* $ 14,736,579,000 1 $ 37,000
Ally Bank
2101 REXFORD ROAD, SUITE 350W
CHARLOTTE, NC 28211
* $ 85,381,954,000 1 $ 110,000
Citizens Bank, NA
ONE CITIZENS PLAZA
PROVIDENCE, RI 02903
* $ 106,940,591,000 1 $ 32,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 52,181,685,000 1 $ 104,000
Citibank, NA

NEW YORK, NY 10012
* $ 1,288,658,000,000 1 $ 101,000

The tables below break down 2012 mortgage applications in Pipestone County, MN by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Pipestone County, MN in 2012

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 106 $12,719,000 $119,000 $644,000 $68,000 $772,000
Home Purchase 62 $5,639,000 $90,000 $296,000 $37,000 $157,000
Home Improvement 5 $265,000 $53,000 $107,000 $48,000 $62,000

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 125 $13,884,000 $111,000 $644,000 $67,000 $772,000
Not applicable 27 $2,581,000 $95,000 $228,000 $2,000 $62,000
Not Provided 20 $2,056,000 $102,000 $326,000 $63,000 $222,000
Hispanic 1 $102,000 $102,000 $102,000 $60,000 $60,000
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
Black or African American 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) 97 $11,549,000 $119,000 $644,000 $74,000 $772,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 41 $3,185,000 $77,000 $138,000 $23,000 $65,000
FHA-insured (Federal Housing Administration) 31 $3,359,000 $108,000 $228,000 $43,000 $99,000
VA-guaranteed (Veterans Administration) 4 $530,000 $132,000 $167,000 $56,000 $69,000

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 78 $9,458,000 $121,000 $644,000 $76,000 $772,000
Loan Purchased By The Institution 42 $3,865,000 $92,000 $228,000 $16,000 $78,000
Application Denied By Financial Institution 24 $2,317,000 $96,000 $326,000 $52,000 $222,000
Application Withdrawn By Applicant 19 $2,195,000 $115,000 $326,000 $60,000 $222,000
File Closed For Incompleteness 5 $330,000 $66,000 $101,000 $86,000 $150,000
Application Approved But Not Accepted 5 $458,000 $91,000 $168,000 $51,000 $70,000
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 7 $464,000 $66,000 $173,000 $40,000 $78,000
Debt-To-Income Ratio 3 $154,000 $51,000 $70,000 $25,000 $36,000
Other 3 $568,000 $189,000 $326,000 $86,000 $222,000
Unverifiable Information 1 $120,000 $120,000 $120,000 $59,000 $59,000
Insufficient Cash (Downpayment, Closing Cost) 1 $123,000 $123,000 $123,000 $81,000 $81,000
Collateral 1 $100,000 $100,000 $100,000 $80,000 $80,000
Credit Application Incomplete 1 $161,000 $161,000 $161,000 $69,000 $69,000
Employment History 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 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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