Tangipahoa Parish, LA Mortgage Lenders & HMDA Data, 2004

In 2004, lenders reported 8,712 mortgage applications in Tangipahoa Parish, LA totaling $766.8 million, down 2% from 2003. The average application was for $88,000, and applicants reported an average income of $51,000. 38% of applications resulted in an originated loan and 26% were denied. The most active lender was Ameriquest Mortgage Company, with 703 applications, followed by Capital One NA and First Guaranty Bank.

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Total Number of Mortgage Applications 8,712
Total Mortgage Loan Application Amount $766,755,000
Average Mortgage Loan Application Amount $88,000
Highest Mortgage Loan Application Amount $4,140,000
Average Applicant Income $51,000
Highest Applicant Income $3,053,000
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Top Mortgage Lenders in Tangipahoa Parish, LA (2004)

Ranked by the number of mortgage applications each lender reported in Tangipahoa Parish, LA in 2004.

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Ameriquest Mortgage Company
Orange, CA
703 $69,439,000 $98,000 $86,000
2 Capital One NA
Baton Rouge, LA
478 $34,720,000 $72,000 $53,000
3 First Guaranty Bank
Hammond, LA
330 $30,560,000 $92,000 $57,000
4 Countrywide Home Loans
Westlake Village, CA
326 $36,050,000 $110,000 $49,000
5 JPMorgan Chase Bank, NA
Columbus, OH
319 $12,171,000 $38,000 $58,000
6 Vanderbilt Mortgage
Maryville, TN
221 $8,374,000 $37,000 $36,000
7 Hancock Bank of Louisiana
Baton Rouge, LA
210 $8,705,000 $41,000 $50,000
8 Chase Manhattan Mortgage Corp.
Iselin, NJ
210 $22,143,000 $105,000 $46,000
9 Nationstar Mortgage
Coppell, TX
199 $16,295,000 $81,000 $34,000
10 Gmac Mortgage LLC
Ft. Washington, PA
190 $17,350,000 $91,000 $63,000

See every lender active in Tangipahoa Parish, LA in 2004 »

The tables below break down 2004 mortgage applications in Tangipahoa 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 Tangipahoa Parish, LA in 2004

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 4,850 $474,668,000 $97,000 $4,140,000 $48,000 $1,620,000
Home Purchase 3,055 $263,515,000 $86,000 $4,140,000 $52,000 $3,053,000
Home Improvement 807 $28,572,000 $35,000 $340,000 $62,000 $1,308,000

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 4,886 $452,015,000 $92,000 $694,000 $57,000 $3,053,000
Black or African American 1,414 $97,662,000 $69,000 $334,000 $43,000 $708,000
Not Provided 1,295 $113,993,000 $88,000 $415,000 $51,000 $1,620,000
Not applicable 923 $86,851,000 $94,000 $4,140,000 $13,000 $390,000
Hispanic 120 $8,832,000 $73,000 $285,000 $50,000 $360,000
American Indian or Alaskan Native 41 $4,001,000 $97,000 $320,000 $84,000 $1,308,000
Asian 29 $3,108,000 $107,000 $286,000 $111,000 $1,188,000
Native Hawaiian or Other Pacific Islander 4 $293,000 $73,000 $95,000 $32,000 $68,000

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) 8,092 $704,997,000 $87,000 $4,140,000 $54,000 $3,053,000
FHA-insured (Federal Housing Administration) 385 $35,645,000 $92,000 $236,000 $33,000 $314,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 123 $12,678,000 $103,000 $176,000 $34,000 $69,000
VA-guaranteed (Veterans Administration) 112 $13,435,000 $119,000 $249,000 $38,000 $147,000

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 3,294 $311,783,000 $94,000 $4,140,000 $61,000 $3,053,000
Application Denied By Financial Institution 2,253 $158,211,000 $70,000 $600,000 $45,000 $1,188,000
Loan Purchased By The Institution 1,234 $114,855,000 $93,000 $543,000 $29,000 $540,000
Application Withdrawn By Applicant 817 $79,526,000 $97,000 $400,000 $54,000 $1,222,000
Application Approved But Not Accepted 653 $53,690,000 $82,000 $420,000 $52,000 $1,082,000
File Closed For Incompleteness 461 $48,690,000 $105,000 $432,000 $52,000 $1,620,000
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 649 $37,314,000 $57,000 $270,000 $48,000 $528,000
Other 467 $39,208,000 $83,000 $600,000 $55,000 $1,188,000
Collateral 183 $15,094,000 $82,000 $415,000 $43,000 $433,000
Debt-To-Income Ratio 150 $13,093,000 $87,000 $293,000 $37,000 $136,000
Credit Application Incomplete 134 $11,792,000 $88,000 $322,000 $51,000 $339,000
Unverifiable Information 39 $3,882,000 $99,000 $515,000 $68,000 $263,000
Insufficient Cash (Downpayment, Closing Cost) 19 $1,690,000 $88,000 $256,000 $52,000 $138,000
Employment History 9 $553,000 $61,000 $122,000 $36,000 $97,000
Mortgage Insurance Denied 1 $86,000 $86,000 $86,000 $41,000 $41,000

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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