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records Allied Mortgage & Financial Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Miami-Miami Beach-Kendall, FL | 371 | $ 86,667,000 | $ 233,603 | $ 107,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 246 | $ 48,382,000 | $ 196,674 | $ 100,000 |
| Tampa-St. Petersburg-Clearwater, FL | 229 | $ 42,599,000 | $ 186,021 | $ 104,000 |
| Orlando-Kissimmee, FL | 143 | $ 25,762,000 | $ 180,153 | $ 87,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 130 | $ 47,669,000 | $ 366,684 | $ 161,000 |
| Atlanta-Sandy Springs-Marietta, GA | 85 | $ 21,176,000 | $ 249,129 | $ 138,000 |
| Jacksonville, FL | 74 | $ 10,806,000 | $ 146,027 | $ 74,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 43 | $ 8,657,000 | $ 201,325 | $ 61,000 |
| Port St. Lucie, FL | 42 | $ 6,514,000 | $ 155,095 | $ 82,000 |
| Cape Coral-Fort Myers, FL | 34 | $ 7,168,000 | $ 210,823 | $ 108,000 |
| Lakeland, FL | 34 | $ 4,622,000 | $ 135,941 | $ 70,000 |
| Palm Bay-Melbourne-Titusville, FL | 30 | $ 5,175,000 | $ 172,500 | $ 140,000 |
| Sarasota-Bradenton-Venice, FL | 19 | $ 6,967,000 | $ 366,684 | $ 221,000 |
| Ocala, FL | 17 | $ 4,509,000 | $ 265,235 | $ 83,000 |
| Naples-Marco Island, FL | 14 | $ 4,955,000 | $ 353,928 | $ 242,000 |
| Denver-Aurora, CO | 11 | $ 1,975,000 | $ 179,545 | $ 92,000 |
| Sebastian-Vero Beach, FL | 11 | $ 2,634,000 | $ 239,454 | $ 153,000 |
| Las Vegas-Paradise, NV | 10 | $ 2,106,000 | $ 210,600 | $ 83,000 |
| Fort Walton Beach-Crestview-Destin, FL | 9 | $ 2,800,000 | $ 311,111 | $ 161,000 |
| Tallahassee, FL | 9 | $ 1,133,000 | $ 125,888 | $ 80,000 |
| Punta Gorda, FL | 8 | $ 1,329,000 | $ 166,125 | $ 89,000 |
| Gainesville, FL | 7 | $ 1,144,000 | $ 163,428 | $ 117,000 |
| Pensacola-Ferry Pass-Brent, FL | 5 | $ 1,015,000 | $ 203,000 | $ 59,000 |
| Detroit-Livonia-Dearborn, MI | 4 | $ 400,000 | $ 100,000 | $ 67,000 |
| Palm Coast, FL | 4 | $ 1,098,000 | $ 274,500 | $ 150,000 |
| Colorado Springs, CO | 3 | $ 369,000 | $ 123,000 | $ 59,000 |
| Panama City-Lynn Haven, FL | 3 | $ 1,855,000 | $ 618,333 | $ 236,000 |
| Riverside-San Bernardino-Ontario, CA | 3 | $ 559,000 | $ 186,333 | $ 39,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 3 | $ 308,000 | $ 102,666 | $ 39,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 915,000 | $ 305,000 | $ 59,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 300,000 | $ 100,000 | $ 68,000 |
| Chicago-Naperville-Joliet, IL | 2 | $ 249,000 | $ 124,500 | $ 46,000 |
| Edison, NJ | 2 | $ 815,000 | $ 407,500 | $ 112,000 |
| Gainesville, GA | 2 | $ 177,000 | $ 88,500 | $ 276,000 |
| Valdosta, GA | 2 | $ 200,000 | $ 100,000 | $ 58,000 |
| Athens-Clarke County, GA | 1 | $ 705,000 | $ 705,000 | $ 228,000 |
| Baltimore-Towson, MD | 1 | $ 100,000 | $ 100,000 | $ 84,000 |
| Beaumont-Port Arthur, TX | 1 | $ 80,000 | $ 80,000 | $ 54,000 |
| Brunswick, GA | 1 | $ 135,000 | $ 135,000 | $ 59,000 |
| Camden, NJ | 1 | $ 100,000 | $ 100,000 | $ 50,000 |
| Chattanooga, TN-GA | 1 | $ 320,000 | $ 320,000 | $ 78,000 |
| Columbus, GA-AL | 1 | $ 140,000 | $ 140,000 | $ 57,000 |
| Dalton, GA | 1 | $ 299,000 | $ 299,000 | $ 110,000 |
| Greeley, CO | 1 | $ 100,000 | $ 100,000 | $ 36,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 200,000 | $ 200,000 | $ 35,000 |
| Jackson, MS | 1 | $ 322,000 | $ 322,000 | $ 0 |
| Newark-Union, NJ-PA | 1 | $ 100,000 | $ 100,000 | $ 156,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 51,000 | $ 51,000 | $ 60,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 100,000 | $ 100,000 | $ 63,000 |
| Reno-Sparks, NV | 1 | $ 100,000 | $ 100,000 | $ 150,000 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 100,000 | $ 100,000 | $ 26,000 |
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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