Allied Mortgage & Financial Co Mortgage Lending & HMDA Data, 2007
In 2007, Allied Mortgage & Financial Co of Sunrise, FL reported 1,699 mortgage applications totaling $375.3 million, down 33% from 2006. The average application was for $220,916, and applicants reported an average income of $111,786. 8% of its applications resulted in an originated loan and 82% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (371), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (246) and Tampa-St. Petersburg-Clearwater, FL (229) (applications in parentheses).
| Mortgage Company & Address | Allied Mortgage & Financial Co 13680 Nw 5th Street, Suite 100 Sunrise, FL 33325 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 1,699 |
| Total Mortgage Loan Application Amount | $375,337,000 |
| Average Mortgage Loan Application Amount | $220,916 |
| Highest Mortgage Loan Application Amount | $4,480,000 |
| Average Applicant Income | $111,786 |
| Highest Applicant Income | $6,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Allied Mortgage & Financial Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Allied Mortgage & Financial Co 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 | 1,358 | $293,789,000 | $216,000 | $4,480,000 | $103,000 | $6,000,000 |
| Home Purchase | 326 | $79,189,000 | $242,000 | $3,120,000 | $147,000 | $2,400,000 |
| Home Improvement | 15 | $2,359,000 | $157,000 | $494,000 | $142,000 | $314,000 |
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 | 727 | $185,835,000 | $255,000 | $4,480,000 | $130,000 | $6,000,000 |
| Black or African American | 606 | $107,510,000 | $177,000 | $1,950,000 | $86,000 | $1,200,000 |
| Hispanic | 314 | $71,676,000 | $228,000 | $3,000,000 | $118,000 | $1,356,000 |
| Not Provided | 26 | $5,240,000 | $201,000 | $950,000 | $109,000 | $720,000 |
| Asian | 13 | $1,883,000 | $144,000 | $238,000 | $125,000 | $420,000 |
| American Indian or Alaskan Native | 7 | $1,857,000 | $265,000 | $982,000 | $191,000 | $686,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,336,000 | $222,000 | $682,000 | $96,000 | $300,000 |
| 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) | 1,699 | $375,337,000 | $220,000 | $4,480,000 | $112,000 | $6,000,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 1,392 | $308,286,000 | $221,000 | $4,480,000 | $110,000 | $6,000,000 |
| Application Approved But Not Accepted | 140 | $35,283,000 | $252,000 | $3,000,000 | $113,000 | $1,020,000 |
| Loan Originated | 130 | $25,264,000 | $194,000 | $1,100,000 | $142,000 | $1,194,000 |
| Loan Purchased By The Institution | 28 | $4,759,000 | $169,000 | $870,000 | $66,000 | $300,000 |
| Application Withdrawn By Applicant | 9 | $1,745,000 | $193,000 | $352,000 | $92,000 | $250,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Other | 1,272 | $286,116,000 | $224,000 | $4,480,000 | $109,000 | $6,000,000 |
| Credit History | 71 | $13,268,000 | $186,000 | $910,000 | $112,000 | $976,000 |
| Debt-To-Income Ratio | 9 | $1,141,000 | $126,000 | $195,000 | $29,000 | $44,000 |
| Collateral | 5 | $2,001,000 | $400,000 | $950,000 | $151,000 | $270,000 |
| Credit Application Incomplete | 1 | $100,000 | $100,000 | $100,000 | $78,000 | $78,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $100,000 | $100,000 | $100,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Allied Mortgage & Financial Co'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 Allied Mortgage & Financial Co'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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