Powder River County, MT Mortgage Lenders & HMDA Data, 2006

In 2006, lenders reported 48 mortgage applications in Powder River County, MT totaling $5.4 million, up 23% from 2005. The average application was for $112,000, and applicants reported an average income of $71,000. 56% of applications resulted in an originated loan and 19% were denied. The most active lender was Rocky Mountain Bank, with 12 applications, followed by Stockman Bank of Montana and Wells Fargo Bank, NA.

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Total Number of Mortgage Applications 48
Total Mortgage Loan Application Amount $5,421,000
Average Mortgage Loan Application Amount $112,000
Highest Mortgage Loan Application Amount $985,000
Average Applicant Income $71,000
Highest Applicant Income $295,000

Mortgage Company List for Lending in Powder River County, MT for 2006

* 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
Rocky Mountain Bank
2615 KING AVE WEST
BILLINGS, MT 59102
* $ 387,906,000 12 $ 737,000
Stockman Bank of Montana
700 MAIN STREET
MILES CITY, MT 59301
* $ 1,146,330,000 7 $ 2,346,000
Wells Fargo Bank, NA
1 HOME CAMPUS, 4TH FLOOR, MAC X2301-042
DES MOINES, IA 50328
* $ 403,258,000,000 5 $ 527,000
Wells Fargo Fin'l Montana, Inc
800 WALNUT ST, 6TH FLOOR, MAC F4031-061
DES MOINES, IA 50309
* $ 36,752,895,000 4 $ 249,000
Ameriquest Mortgage Company
1100 TOWN & COUNTRY ROAD
ORANGE, CA 92868
* $ 10,000,000 2 $ 123,000
Vanderbilt Mortgage
500 ALCOA TRAIL
MARYVILLE, TN 37804
* $ 31,000,000 2 $ 73,000
Beneficial Company LLC
26525 NORTH RIVERWOODS BLVD.
METTAWA, IL 60045
* $ 4,017,643,000 2 $ 40,000
Corinthian Mortgage Corp
5750 W 95TH STREET, SUITE 155
OVERLAND PARK, KS 66207
* $ 341,661,000 2 $ 130,000
Long Beach Mortgage Co.
227 EAST AVENUE
ALBION, NY 14411
* $ 330,706,384,000 1 $ 56,000
Flagstar Bank
5151 CORPORATE DR
TROY, MI 48098
* $ 15,054,001,000 1 $ 56,000
Washington Mutual Bank
227 EAST AVENUE
ALBION, NY 14411
* $ 330,706,384,000 1 $ 79,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 19,653,232,000 1 $ 29,000
Suntrust Mortgage, Inc
901 SEMMES AVENUE
RICHMOND, VA 23224
* $ 177,231,290,000 1 $ 168,000
Countrywide Home Loans
30930 RUSSELL RANCH ROAD MS WLRR-148
WESTLAKE VILLAGE, CA 91362
* $ 175,085,370,000 1 $ 31,000
Superior Choice Credit Union
1320 GRAND AVENUE
SUPERIOR, WI 54880
* $ 109,827,000 1 $ 47,000
Gmac Mortgage LLC
1100 VIRGINIA DRIVE
FT. WASHINGTON, PA 19034
* $ 31,000,000 1 $ 115,000
US Bank, N.A.
777 EAST WISCONSIN AVE
MILWAUKEE, WI 53202
* $ 208,867,410,000 1 $ 29,000
US Bank North Dakota
777 EAST WISCONSIN AVE
MILWAUKEE, WI 53202
* $ 3,900,290,000 1 $ 60,000
Agwest Farm Credit, Flca
2001 SOUTH FLINT ROAD
SPOKANE, WA 99224
* $ 4,658,882,000 1 $ 365,000
Wells Fargo Funding, Inc
100 N MAIN STREEET MAC D4001-063
WINSTON-SALEM, NC 27150
* $ 25,457,000 1 $ 161,000

The tables below break down 2006 mortgage applications in Powder River 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 Powder River County, MT 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 30 $4,272,000 $142,000 $985,000 $78,000 $295,000
Home Purchase 14 $1,103,000 $78,000 $202,000 $68,000 $241,000
Home Improvement 4 $46,000 $11,000 $20,000 $27,000 $52,000

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 36 $3,521,000 $97,000 $550,000 $65,000 $295,000
Not Provided 6 $362,000 $60,000 $115,000 $60,000 $89,000
Not applicable 5 $1,534,000 $306,000 $985,000 $131,000 $263,000
American Indian or Alaskan Native 1 $4,000 $4,000 $4,000 $30,000 $30,000
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

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) 44 $4,763,000 $108,000 $985,000 $73,000 $295,000
VA-guaranteed (Veterans Administration) 4 $658,000 $164,000 $168,000 $52,000 $77,000
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 27 $4,039,000 $149,000 $985,000 $96,000 $295,000
Application Denied By Financial Institution 9 $475,000 $52,000 $152,000 $40,000 $74,000
Application Withdrawn By Applicant 5 $408,000 $81,000 $115,000 $49,000 $89,000
Application Approved But Not Accepted 3 $170,000 $56,000 $94,000 $64,000 $89,000
Loan Purchased By The Institution 3 $269,000 $89,000 $161,000 $0 $0
File Closed For Incompleteness 1 $60,000 $60,000 $60,000 $14,000 $14,000
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
Collateral 2 $112,000 $56,000 $56,000 $43,000 $50,000
Credit Application Incomplete 1 $152,000 $152,000 $152,000 $34,000 $34,000
Credit History 1 $44,000 $44,000 $44,000 $74,000 $74,000
Other 1 $35,000 $35,000 $35,000 $65,000 $65,000
Unverifiable Information 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

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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