Abn Amro Mtg Group Inc Mortgage Lending & HMDA Data, 2005

In 2005, Abn Amro Mtg Group Inc of New York, NY reported 320,884 mortgage applications totaling $58.6 billion, down 11% from 2004. The average application was for $182,563, and applicants reported an average income of $76,390. 55% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (11,110), Warren-Farmington Hills-Troy, MI (9,898) and Houston-Baytown-Sugar Land, TX (7,333) (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 320,884
Total Mortgage Loan Application Amount $58,581,648,000
Average Mortgage Loan Application Amount $182,563
Highest Mortgage Loan Application Amount $3,120,000
Average Applicant Income $76,390
Highest Applicant Income $5,610,000

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(HMDA) records Abn Amro Mtg Group Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 177,302 $32,334,677,000 $172,320 $2,205,000 $69,560 $5,000,000
Home Purchase 134,099 $24,429,150,000 $180,784 $3,120,000 $83,117 $5,610,000
Home Improvement 9,483 $1,817,821,000 $160,860 $1,388,000 $72,240 $2,160,000

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 215,285 $38,702,561,000 $176,529 $1,800,000 $86,156 $5,610,000
Not applicable 40,415 $7,508,829,000 $185,080 $1,625,000 $7,680 $1,603,000
Not Provided 32,138 $5,808,250,000 $162,620 $3,120,000 $84,880 $4,511,000
Hispanic 11,863 $2,186,452,000 $161,000 $1,040,000 $71,460 $2,057,000
Asian 10,260 $2,620,740,000 $196,666 $1,000,000 $92,104 $2,402,000
Black or African American 9,743 $1,522,868,000 $158,408 $1,500,000 $76,571 $2,967,000
American Indian or Alaskan Native 739 $133,204,000 $160,658 $1,000,000 $76,707 $548,000
Native Hawaiian or Other Pacific Islander 441 $98,744,000 $187,131 $998,000 $96,868 $508,000

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) 318,566 $58,302,624,000 $174,254 $3,120,000 $74,980 $5,610,000
FHA-insured (Federal Housing Administration) 1,996 $236,258,000 $131,209 $475,000 $49,930 $952,000
VA-guaranteed (Veterans Administration) 322 $42,766,000 $135,459 $360,000 $47,243 $289,000
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 176,505 $33,295,280,000 $175,460 $1,800,000 $90,520 $5,610,000
File Closed For Incompleteness 61,489 $9,922,225,000 $165,880 $1,381,000 $71,120 $2,967,000
Loan Purchased By The Institution 40,750 $7,542,587,000 $184,820 $1,625,000 $7,820 $1,603,000
Application Denied By Financial Institution 26,566 $5,152,849,000 $177,140 $2,205,000 $80,780 $4,104,000
Application Approved But Not Accepted 8,800 $1,462,252,000 $153,980 $1,017,000 $90,740 $4,511,000
Application Withdrawn By Applicant 6,768 $1,205,618,000 $168,160 $3,120,000 $70,280 $2,417,000
Preapproval Denied by Financial Institution 6 $837,000 $139,000 $249,000 $36,000 $73,000
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
Unverifiable Information 10,737 $2,346,222,000 $198,960 $1,700,000 $86,440 $4,104,000
Credit History 4,922 $753,727,000 $151,960 $1,500,000 $69,803 $2,693,000
Credit Application Incomplete 4,385 $692,814,000 $139,100 $2,205,000 $85,500 $3,600,000
Debt-To-Income Ratio 2,927 $649,962,000 $196,666 $1,325,000 $59,803 $876,000
Collateral 2,798 $536,223,000 $186,142 $1,260,000 $97,612 $2,335,000
Insufficient Cash (Downpayment, Closing Cost) 424 $104,288,000 $204,466 $1,000,000 $94,155 $869,000
Other 203 $28,532,000 $166,605 $700,000 $84,078 $500,000
Employment History 161 $39,696,000 $205,512 $956,000 $77,564 $1,080,000
Mortgage Insurance Denied 15 $2,222,000 $165,125 $500,000 $76,500 $185,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Abn Amro Mtg Group Inc's 2005 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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