1st Republic Mortgage Bankers Mortgage Lending & HMDA Data, 2007
In 2007, 1st Republic Mortgage Bankers of Floral Park, NY reported 1,247 mortgage applications totaling $412.8 million, down 11% from 2006. The average application was for $331,024, and applicants reported an average income of $80,417. 54% of its applications resulted in an originated loan and 22% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (791), Nassau-Suffolk, NY (154) and Newark-Union, NJ-PA (75) (applications in parentheses).
| Mortgage Company & Address | 1st Republic Mortgage Bankers 110 Jericho Turnpike Suite 200 Floral Park, NY 11001 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,247 |
| Total Mortgage Loan Application Amount | $412,788,000 |
| Average Mortgage Loan Application Amount | $331,024 |
| Highest Mortgage Loan Application Amount | $2,250,000 |
| Average Applicant Income | $80,417 |
| Highest Applicant Income | $504,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records 1st Republic Mortgage Bankers filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-White Plains-Wayne, NY-NJ | 791 | $ 285,691,000 | $ 361,176 | $ 79,683 |
| Nassau-Suffolk, NY | 154 | $ 51,568,000 | $ 334,857 | $ 93,000 |
| Newark-Union, NJ-PA | 75 | $ 20,785,000 | $ 277,133 | $ 71,480 |
| Poughkeepsie-Newburgh-Middletown, NY | 40 | $ 11,746,000 | $ 293,650 | $ 73,000 |
| Bridgeport-Stamford-Norwalk, CT | 24 | $ 7,113,000 | $ 296,375 | $ 75,000 |
| Orlando-Kissimmee, FL | 20 | $ 3,686,000 | $ 184,300 | $ 68,000 |
| Edison, NJ | 18 | $ 5,952,000 | $ 330,666 | $ 103,000 |
| New Haven-Milford, CT | 13 | $ 2,893,000 | $ 222,538 | $ 71,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 12 | $ 2,922,000 | $ 243,500 | $ 63,000 |
| Atlanta-Sandy Springs-Marietta, GA | 10 | $ 2,144,000 | $ 214,400 | $ 83,000 |
| Hartford-West Hartford-East Hartford, CT | 9 | $ 1,906,000 | $ 211,777 | $ 86,000 |
| Albany-Schenectady-Troy, NY | 7 | $ 1,138,000 | $ 162,571 | $ 54,000 |
| Camden, NJ | 7 | $ 1,685,000 | $ 240,714 | $ 75,000 |
| Ocala, FL | 7 | $ 1,174,000 | $ 167,714 | $ 82,000 |
| Tampa-St. Petersburg-Clearwater, FL | 7 | $ 1,748,000 | $ 249,714 | $ 78,000 |
| Port St. Lucie, FL | 6 | $ 1,509,000 | $ 251,500 | $ 95,000 |
| Lakeland, FL | 5 | $ 975,000 | $ 195,000 | $ 56,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 5 | $ 616,000 | $ 123,200 | $ 21,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 1,056,000 | $ 264,000 | $ 108,000 |
| Kingston, NY | 3 | $ 769,000 | $ 256,333 | $ 75,000 |
| Philadelphia, PA | 3 | $ 386,000 | $ 128,666 | $ 44,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 511,000 | $ 255,500 | $ 51,000 |
| Trenton-Ewing, NJ | 2 | $ 463,000 | $ 231,500 | $ 57,000 |
| Bethesda-Gaithersburg-Frederick, MD | 1 | $ 302,000 | $ 302,000 | $ 87,000 |
| Charleston-North Charleston, SC | 1 | $ 135,000 | $ 135,000 | $ 43,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 145,000 | $ 145,000 | $ 39,000 |
| Jacksonville, FL | 1 | $ 125,000 | $ 125,000 | $ 72,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 10,000 | $ 10,000 | $ 82,000 |
| Palm Coast, FL | 1 | $ 158,000 | $ 158,000 | $ 57,000 |
| Punta Gorda, FL | 1 | $ 305,000 | $ 305,000 | $ 134,000 |
| Sumter, SC | 1 | $ 150,000 | $ 150,000 | $ 0 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 266,000 | $ 266,000 | $ 120,000 |
Mortgage Loan Application Detail Totals for 1st Republic Mortgage Bankers in 2007
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 | 867 | $291,264,000 | $335,000 | $2,250,000 | $76,000 | $504,000 |
| Home Purchase | 374 | $119,164,000 | $318,000 | $1,000,000 | $91,000 | $341,000 |
| Home Improvement | 6 | $2,360,000 | $393,000 | $525,000 | $59,000 | $105,000 |
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 |
|---|---|---|---|---|---|---|
| Black or African American | 940 | $311,991,000 | $331,000 | $1,000,000 | $78,000 | $318,000 |
| Asian | 147 | $47,358,000 | $322,000 | $713,000 | $79,000 | $220,000 |
| White | 74 | $26,872,000 | $363,000 | $2,250,000 | $105,000 | $426,000 |
| Hispanic | 70 | $21,247,000 | $303,000 | $657,000 | $75,000 | $182,000 |
| Not Provided | 15 | $4,945,000 | $329,000 | $1,266,000 | $128,000 | $504,000 |
| American Indian or Alaskan Native | 1 | $375,000 | $375,000 | $375,000 | $64,000 | $64,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 875 | $296,765,000 | $339,000 | $2,250,000 | $80,000 | $504,000 |
| FHA-insured (Federal Housing Administration) | 371 | $115,615,000 | $311,000 | $641,000 | $79,000 | $310,000 |
| VA-guaranteed (Veterans Administration) | 1 | $408,000 | $408,000 | $408,000 | $110,000 | $110,000 |
| 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 | 671 | $222,448,000 | $331,000 | $960,000 | $77,000 | $310,000 |
| Application Denied By Financial Institution | 280 | $91,113,000 | $325,000 | $1,000,000 | $84,000 | $426,000 |
| Application Withdrawn By Applicant | 221 | $73,821,000 | $334,000 | $2,250,000 | $86,000 | $504,000 |
| Application Approved But Not Accepted | 53 | $17,640,000 | $332,000 | $730,000 | $82,000 | $200,000 |
| File Closed For Incompleteness | 22 | $7,766,000 | $353,000 | $570,000 | $75,000 | $187,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 100 | $32,449,000 | $324,000 | $650,000 | $90,000 | $426,000 |
| Debt-To-Income Ratio | 69 | $23,897,000 | $346,000 | $713,000 | $72,000 | $220,000 |
| Credit History | 42 | $13,398,000 | $319,000 | $750,000 | $85,000 | $318,000 |
| Other | 25 | $6,685,000 | $267,000 | $522,000 | $80,000 | $182,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 16 | $6,418,000 | $401,000 | $1,000,000 | $108,000 | $318,000 |
| Unverifiable Information | 15 | $4,477,000 | $298,000 | $513,000 | $89,000 | $180,000 |
| Credit Application Incomplete | 8 | $2,303,000 | $287,000 | $480,000 | $57,000 | $120,000 |
| Employment History | 5 | $1,486,000 | $297,000 | $465,000 | $87,000 | $128,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into 1st Republic Mortgage Bankers's 2007 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess 1st Republic Mortgage Bankers's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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