Tangipahoa Parish, LA Mortgage Lenders & HMDA Data, 2005

In 2005, lenders reported 8,570 mortgage applications in Tangipahoa Parish, LA totaling $811.4 million, down 2% from 2004. The average application was for $94,000, and applicants reported an average income of $55,000. 38% of applications resulted in an originated loan and 26% were denied. The most active lender was Ameriquest Mortgage Company, with 786 applications, followed by Capital One NA and Vanderbilt Mortgage.

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Total Number of Mortgage Applications 8,570
Total Mortgage Loan Application Amount $811,431,000
Average Mortgage Loan Application Amount $94,000
Highest Mortgage Loan Application Amount $1,040,000
Average Applicant Income $55,000
Highest Applicant Income $1,500,000
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Top Mortgage Lenders in Tangipahoa Parish, LA (2005)

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

# Mortgage Lender Mortgage Applications Total Dollar Amount Average Loan Amount Average Applicant Income
1 Ameriquest Mortgage Company
Orange, CA
786 $82,673,000 $105,000 $68,000
2 Capital One NA
Baton Rouge, LA
465 $34,487,000 $74,000 $65,000
3 Vanderbilt Mortgage
Maryville, TN
439 $17,981,000 $40,000 $39,000
4 Countrywide Home Loans
Westlake Village, CA
289 $29,876,000 $103,000 $48,000
5 JPMorgan Chase Bank, NA
Columbus, OH
268 $27,889,000 $104,000 $57,000
6 Hancock Bank of Louisiana
Baton Rouge, LA
260 $17,925,000 $68,000 $57,000
7 First Guaranty Bank
Hammond, LA
243 $24,656,000 $101,000 $55,000
8 Wells Fargo Bank, NA
Des Moines, IA
204 $23,091,000 $113,000 $52,000
9 First Horizon Home Loan Corp
Irving, TX
181 $17,091,000 $94,000 $59,000
10 Gmac Mortgage LLC
Ft. Washington, PA
173 $15,152,000 $87,000 $47,000

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

The tables below break down 2005 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 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 4,243 $445,709,000 $105,000 $1,040,000 $53,000 $1,500,000
Home Purchase 3,503 $326,228,000 $93,000 $600,000 $55,000 $750,000
Home Improvement 824 $39,494,000 $47,000 $705,000 $60,000 $1,080,000

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 4,754 $462,813,000 $97,000 $1,040,000 $60,000 $1,202,000
Not Provided 1,472 $146,370,000 $99,000 $564,000 $57,000 $1,500,000
Black or African American 1,327 $100,784,000 $75,000 $399,000 $46,000 $936,000
Not applicable 812 $79,568,000 $97,000 $874,000 $21,000 $495,000
Hispanic 125 $12,987,000 $103,000 $467,000 $75,000 $750,000
American Indian or Alaskan Native 47 $5,244,000 $111,000 $298,000 $57,000 $133,000
Asian 29 $3,304,000 $113,000 $490,000 $58,000 $210,000
Native Hawaiian or Other Pacific Islander 4 $361,000 $90,000 $149,000 $71,000 $84,000

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) 8,089 $764,889,000 $94,000 $1,040,000 $57,000 $1,500,000
FHA-insured (Federal Housing Administration) 305 $26,564,000 $87,000 $175,000 $33,000 $108,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 122 $13,160,000 $107,000 $172,000 $32,000 $71,000
VA-guaranteed (Veterans Administration) 54 $6,818,000 $126,000 $297,000 $37,000 $91,000

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 3,252 $318,030,000 $97,000 $1,040,000 $59,000 $956,000
Application Denied By Financial Institution 2,193 $173,275,000 $79,000 $420,000 $52,000 $1,500,000
Loan Purchased By The Institution 1,174 $120,783,000 $102,000 $600,000 $34,000 $750,000
Application Withdrawn By Applicant 1,010 $111,826,000 $110,000 $705,000 $62,000 $1,202,000
Application Approved But Not Accepted 650 $53,704,000 $82,000 $475,000 $57,000 $1,080,000
File Closed For Incompleteness 283 $32,792,000 $115,000 $452,000 $53,000 $1,368,000
Preapproval Denied by Financial Institution 8 $1,021,000 $127,000 $130,000 $0 $0
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
Other 562 $50,586,000 $90,000 $319,000 $53,000 $1,500,000
Credit History 502 $32,251,000 $64,000 $270,000 $49,000 $960,000
Collateral 149 $15,533,000 $104,000 $420,000 $59,000 $200,000
Debt-To-Income Ratio 119 $11,161,000 $93,000 $369,000 $39,000 $170,000
Credit Application Incomplete 98 $10,384,000 $105,000 $350,000 $74,000 $470,000
Unverifiable Information 34 $2,973,000 $87,000 $261,000 $73,000 $209,000
Insufficient Cash (Downpayment, Closing Cost) 12 $1,394,000 $116,000 $280,000 $71,000 $240,000
Employment History 8 $699,000 $87,000 $285,000 $31,000 $85,000
Mortgage Insurance Denied 2 $370,000 $185,000 $189,000 $177,000 $182,000

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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