Allied Mortgage & Financial Co Mortgage Lending & HMDA Data, 2003
In 2003, Allied Mortgage & Financial Co of Sunrise, FL reported 1,144 mortgage applications totaling $204.8 million. The average application was for $178,986, and applicants reported an average income of $91,835. 20% of its applications resulted in an originated loan and 25% were denied. Its largest markets were Miami, FL (406), Fort Lauderdale, FL (296) and West Palm Beach-Boca Raton, FL (119) (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 | 1,144 |
| Total Mortgage Loan Application Amount | $204,761,000 |
| Average Mortgage Loan Application Amount | $178,986 |
| Highest Mortgage Loan Application Amount | $3,750,000 |
| Average Applicant Income | $91,835 |
| 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records Allied Mortgage & Financial Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2003
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 (home purchase or home improvement, one-to-four family) | 724 | $122,140,000 | $168,000 | $2,400,000 | $90,000 | $1,001,000 |
| Home Purchase (one-to-four family) | 399 | $73,364,000 | $183,000 | $2,000,000 | $100,000 | $6,000,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 21 | $9,257,000 | $440,000 | $3,750,000 | $0 | $0 |
| Home Improvement (one-to-four family) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 454 | $91,266,000 | $201,000 | $2,400,000 | $99,000 | $1,200,000 |
| Black | 342 | $42,391,000 | $123,000 | $1,400,000 | $68,000 | $850,000 |
| Hispanic | 320 | $66,294,000 | $207,000 | $3,750,000 | $92,000 | $6,000,000 |
| Other | 15 | $2,387,000 | $159,000 | $920,000 | $66,000 | $175,000 |
| Asian or Pacific Islander | 8 | $1,093,000 | $136,000 | $270,000 | $100,000 | $240,000 |
| American Indian or Alaskan Native | 4 | $1,225,000 | $306,000 | $700,000 | $63,000 | $117,000 |
| Information not provided by applicant in mail or telephone application | 1 | $105,000 | $105,000 | $105,000 | $720,000 | $720,000 |
| 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) | 1,142 | $204,507,000 | $179,000 | $3,750,000 | $90,000 | $6,000,000 |
| FHA-insured (Federal Housing Administration) | 2 | $254,000 | $127,000 | $135,000 | $57,000 | $65,000 |
| 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 Withdrawn By Applicant | 591 | $103,056,000 | $174,000 | $1,925,000 | $79,000 | $1,200,000 |
| Application Denied By Financial Institution | 282 | $54,878,000 | $194,000 | $2,400,000 | $95,000 | $6,000,000 |
| Loan Originated | 229 | $39,292,000 | $171,000 | $3,750,000 | $104,000 | $850,000 |
| File Closed For Incompleteness | 39 | $6,895,000 | $176,000 | $1,860,000 | $81,000 | $420,000 |
| Application Approved But Not Accepted | 3 | $640,000 | $213,000 | $290,000 | $123,000 | $180,000 |
| Loan Purchased By The 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Allied Mortgage & Financial Co's 2003 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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