Abn Amro Mtg Group Inc Mortgage Lending & HMDA Data, 2004

In 2004, Abn Amro Mtg Group Inc of New York, NY reported 361,202 mortgage applications totaling $61.2 billion, down 54% from 2003. The average application was for $169,296, and applicants reported an average income of $69,163. 64% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Warren-Farmington Hills-Troy, MI (15,821), Houston-Baytown-Sugar Land, TX (8,831) and Nassau-Suffolk, NY (8,479) (applications in parentheses).

Mortgage Company & Address Abn Amro Mtg Group Inc
850 Third Avenue, 12th Floor
New York, NY 10022
Tel #: available with data download
Federal Regulator * available with data download
Years 2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 361,202
Total Mortgage Loan Application Amount $61,150,371,000
Average Mortgage Loan Application Amount $169,296
Highest Mortgage Loan Application Amount $8,679,000
Average Applicant Income $69,163
Highest Applicant Income $9,960,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Abn Amro Mtg Group Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Abn Amro Mtg Group Inc 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 218,692 $36,245,759,000 $157,820 $8,679,000 $65,580 $9,794,000
Home Purchase 140,198 $24,525,196,000 $171,039 $2,725,000 $75,450 $9,960,000
Home Improvement 2,312 $379,416,000 $140,080 $1,500,000 $71,000 $1,116,000

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 243,642 $40,556,219,000 $163,313 $2,725,000 $82,450 $9,960,000
Not Provided 45,632 $7,967,989,000 $160,920 $8,679,000 $76,080 $7,920,000
Not applicable 34,170 $5,895,752,000 $170,100 $1,000,000 $9,900 $1,925,000
Hispanic 13,676 $2,302,909,000 $149,843 $1,045,000 $69,803 $5,500,000
Black or African American 11,950 $1,660,576,000 $131,882 $1,250,000 $74,705 $3,004,000
Asian 10,414 $2,447,634,000 $185,160 $1,368,000 $87,620 $2,280,000
American Indian or Alaskan Native 976 $160,363,000 $155,489 $800,000 $76,191 $1,177,000
Native Hawaiian or Other Pacific Islander 742 $158,929,000 $177,200 $2,500,000 $98,288 $9,794,000

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) 354,626 $60,391,957,000 $162,372 $8,679,000 $72,274 $9,960,000
FHA-insured (Federal Housing Administration) 5,628 $648,185,000 $116,291 $508,000 $45,208 $800,000
VA-guaranteed (Veterans Administration) 948 $110,229,000 $119,255 $320,000 $33,127 $247,000
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 229,388 $38,988,412,000 $160,820 $2,725,000 $83,780 $9,960,000
File Closed For Incompleteness 60,476 $10,028,904,000 $167,080 $1,500,000 $66,740 $8,400,000
Loan Purchased By The Institution 34,013 $5,910,451,000 $172,660 $1,000,000 $140 $239,000
Application Approved But Not Accepted 16,962 $2,746,770,000 $153,880 $1,236,000 $79,020 $7,631,000
Application Denied By Financial Institution 15,205 $2,672,408,000 $166,280 $8,679,000 $80,880 $3,153,000
Application Withdrawn By Applicant 5,143 $801,768,000 $161,960 $2,500,000 $84,920 $1,835,000
Preapproval Denied by Financial Institution 15 $1,658,000 $110,000 $262,000 $120,000 $642,000
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 4,383 $749,945,000 $162,607 $8,679,000 $71,235 $1,629,000
Credit Application Incomplete 3,450 $473,780,000 $111,816 $1,260,000 $89,693 $2,400,000
Debt-To-Income Ratio 3,290 $727,474,000 $212,019 $1,250,000 $63,000 $1,201,000
Collateral 2,890 $522,911,000 $193,734 $1,800,000 $107,020 $3,153,000
Unverifiable Information 716 $124,805,000 $174,458 $1,120,000 $86,270 $1,381,000
Other 253 $34,027,000 $120,675 $800,000 $83,675 $833,000
Employment History 134 $26,867,000 $167,606 $915,000 $58,272 $660,000
Insufficient Cash (Downpayment, Closing Cost) 66 $10,072,000 $161,166 $470,000 $75,875 $240,000
Mortgage Insurance Denied 38 $4,185,000 $100,333 $259,000 $49,600 $179,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Abn Amro Mtg Group Inc's 2004 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 Abn Amro Mtg Group Inc'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.
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