Plaquemines Parish, LA Mortgage Lenders & HMDA Data, 2005

In 2005, lenders reported 1,682 mortgage applications in Plaquemines Parish, LA totaling $195.2 million, down 13% from 2004. The average application was for $116,000, and applicants reported an average income of $64,000. 40% of applications resulted in an originated loan and 24% were denied. The most active lender was Ameriquest Mortgage Company, with 115 applications, followed by Mississippi River Bank and Vanderbilt Mortgage.

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Total Number of Mortgage Applications 1,682
Total Mortgage Loan Application Amount $195,201,000
Average Mortgage Loan Application Amount $116,000
Highest Mortgage Loan Application Amount $977,000
Average Applicant Income $64,000
Highest Applicant Income $1,380,000
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Top Mortgage Lenders in Plaquemines Parish, LA (2005)

Ranked by the number of mortgage applications each lender reported in Plaquemines Parish, LA in 2005.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Ameriquest Mortgage Company
Orange, CA
115 $15,042,000 $130,000 $76,000
2 Mississippi River Bank
Belle Chasse, LA
110 $3,607,000 $32,000 $39,000
3 Vanderbilt Mortgage
Maryville, TN
105 $4,495,000 $42,000 $41,000
4 Capital One NA
Baton Rouge, LA
78 $5,656,000 $72,000 $69,000
5 Regions Bank
Birmingham, AL
75 $6,538,000 $87,000 $58,000
6 JPMorgan Chase Bank, NA
Columbus, OH
70 $9,806,000 $140,000 $57,000
7 Countrywide Home Loans
Westlake Village, CA
63 $10,569,000 $167,000 $74,000
8 21st Mortgage
Knoxville, TN
53 $2,512,000 $47,000 $45,000
9 Amsouth Bank
Birmingham, AL
50 $11,649,000 $232,000 $95,000
10 Whitney National Bank
Jefferson, LA
49 $5,440,000 $111,000 $65,000

See every lender active in Plaquemines Parish, LA in 2005 »

The tables below break down 2005 mortgage applications in Plaquemines Parish, LA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.

Mortgage Loan Application Detail Totals for Plaquemines Parish, LA in 2005

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 767 $97,448,000 $127,000 $977,000 $63,000 $1,380,000
Home Purchase 714 $88,907,000 $124,000 $538,000 $66,000 $526,000
Home Improvement 201 $8,846,000 $44,000 $412,000 $60,000 $217,000

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 1,058 $129,066,000 $121,000 $977,000 $69,000 $526,000
Not Provided 279 $33,783,000 $121,000 $508,000 $68,000 $1,380,000
Black or African American 159 $10,272,000 $64,000 $395,000 $51,000 $1,020,000
Not applicable 102 $11,486,000 $112,000 $334,000 $6,000 $147,000
Hispanic 41 $5,825,000 $142,000 $347,000 $75,000 $174,000
Asian 30 $3,840,000 $128,000 $445,000 $82,000 $450,000
American Indian or Alaskan Native 12 $839,000 $69,000 $235,000 $49,000 $134,000
Native Hawaiian or Other Pacific Islander 1 $90,000 $90,000 $90,000 $16,000 $16,000

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) 1,608 $186,737,000 $116,000 $977,000 $65,000 $1,380,000
FHA-insured (Federal Housing Administration) 56 $5,064,000 $90,000 $246,000 $51,000 $159,000
VA-guaranteed (Veterans Administration) 15 $3,079,000 $205,000 $342,000 $59,000 $116,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $321,000 $107,000 $138,000 $42,000 $53,000

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 671 $85,960,000 $128,000 $538,000 $76,000 $526,000
Application Denied By Financial Institution 411 $35,297,000 $85,000 $977,000 $56,000 $1,020,000
Loan Purchased By The Institution 181 $25,513,000 $140,000 $349,000 $38,000 $196,000
Application Withdrawn By Applicant 171 $20,642,000 $120,000 $508,000 $60,000 $240,000
Application Approved But Not Accepted 166 $15,356,000 $92,000 $370,000 $67,000 $199,000
File Closed For Incompleteness 80 $12,267,000 $153,000 $490,000 $79,000 $1,380,000
Preapproval Denied by Financial Institution 2 $166,000 $83,000 $130,000 $24,000 $34,000
Preapproval 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 89 $4,652,000 $52,000 $203,000 $51,000 $168,000
Other 82 $7,670,000 $93,000 $297,000 $55,000 $1,020,000
Collateral 28 $3,382,000 $120,000 $445,000 $69,000 $150,000
Credit Application Incomplete 24 $3,562,000 $148,000 $462,000 $76,000 $450,000
Debt-To-Income Ratio 21 $2,350,000 $111,000 $323,000 $55,000 $120,000
Unverifiable Information 6 $974,000 $162,000 $462,000 $47,000 $85,000
Employment History 4 $535,000 $133,000 $300,000 $34,000 $67,000
Insufficient Cash (Downpayment, Closing Cost) 3 $198,000 $66,000 $77,000 $43,000 $52,000
Mortgage Insurance Denied 1 $100,000 $100,000 $100,000 $33,000 $33,000

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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