Allied Mortgage & Financial Co Mortgage Lending & HMDA Data, 2004
In 2004, Allied Mortgage & Financial Co of Sunrise, FL reported 1,301 mortgage applications totaling $255.3 million, up 14% from 2003. The average application was for $196,250, and applicants reported an average income of $111,504. 20% of its applications resulted in an originated loan and 28% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (359), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (281) and Tampa-St. Petersburg-Clearwater, FL (154) (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 | 1,301 |
| Total Mortgage Loan Application Amount | $255,322,000 |
| Average Mortgage Loan Application Amount | $196,250 |
| Highest Mortgage Loan Application Amount | $3,200,000 |
| Average Applicant Income | $111,504 |
| Highest Applicant Income | $2,460,000 |
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records Allied Mortgage & Financial Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 914 | $180,921,000 | $221,600 | $2,500,000 | $63,200 | $2,460,000 |
| Home Purchase | 387 | $74,401,000 | $190,166 | $3,200,000 | $98,500 | $2,000,000 |
| Home Improvement | 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 | 517 | $120,302,000 | $221,000 | $2,500,000 | $73,571 | $2,460,000 |
| Black or African American | 434 | $64,873,000 | $117,333 | $2,275,000 | $83,333 | $1,757,000 |
| Hispanic | 275 | $56,369,000 | $138,500 | $3,200,000 | $77,500 | $2,000,000 |
| Not Provided | 46 | $9,434,000 | $442,000 | $1,050,000 | $125,000 | $255,000 |
| Asian | 18 | $2,632,000 | $146,000 | $375,000 | $57,000 | $131,000 |
| American Indian or Alaskan Native | 6 | $545,000 | $90,000 | $202,000 | $172,000 | $366,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $767,000 | $255,000 | $348,000 | $95,000 | $216,000 |
| Not applicable | 2 | $400,000 | $200,000 | $315,000 | $81,000 | $162,000 |
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) | 1,301 | $255,322,000 | $202,250 | $3,200,000 | $73,625 | $2,460,000 |
| 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 Withdrawn By Applicant | 665 | $140,564,000 | $334,333 | $3,200,000 | $115,333 | $2,460,000 |
| Application Denied By Financial Institution | 369 | $69,874,000 | $171,428 | $2,500,000 | $70,714 | $1,757,000 |
| Loan Originated | 265 | $44,563,000 | $168,000 | $1,625,000 | $133,500 | $1,800,000 |
| Application Approved But Not Accepted | 2 | $321,000 | $160,000 | $230,000 | $183,000 | $366,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Collateral | 6 | $741,000 | $123,000 | $320,000 | $322,000 | $1,757,000 |
| Credit Application Incomplete | 2 | $266,000 | $133,000 | $140,000 | $21,000 | $43,000 |
| Credit History | 1 | $65,000 | $65,000 | $65,000 | $25,000 | $25,000 |
| Unverifiable Information | 1 | $115,000 | $115,000 | $115,000 | $36,000 | $36,000 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Allied Mortgage & Financial Co'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 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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