Allied Mortgage & Financial Co Mortgage Lending & HMDA Data, 2005
In 2005, Allied Mortgage & Financial Co of Sunrise, FL reported 2,636 mortgage applications totaling $564.0 million, up 103% from 2004. The average application was for $213,955, and applicants reported an average income of $76,926. 18% of its applications resulted in an originated loan and 57% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (499), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (425) and Tampa-St. Petersburg-Clearwater, FL (332) (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 | 2,636 |
| Total Mortgage Loan Application Amount | $563,988,000 |
| Average Mortgage Loan Application Amount | $213,955 |
| Highest Mortgage Loan Application Amount | $4,500,000 |
| Average Applicant Income | $76,926 |
| Highest Applicant Income | $4,200,000 |
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records Allied Mortgage & Financial Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 2,128 | $406,730,000 | $173,300 | $3,136,000 | $53,150 | $2,496,000 |
| Home Purchase | 493 | $152,083,000 | $226,428 | $4,500,000 | $74,428 | $4,200,000 |
| Home Improvement | 15 | $5,175,000 | $266,500 | $1,600,000 | $113,000 | $1,020,000 |
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 | 1,114 | $279,802,000 | $228,909 | $3,136,000 | $53,000 | $2,496,000 |
| Black or African American | 961 | $148,460,000 | $169,000 | $3,113,000 | $58,454 | $1,920,000 |
| Hispanic | 310 | $71,085,000 | $173,000 | $3,640,000 | $56,333 | $1,944,000 |
| Not Provided | 197 | $49,636,000 | $221,666 | $4,500,000 | $69,500 | $4,200,000 |
| Asian | 34 | $10,387,000 | $242,000 | $1,625,000 | $41,000 | $420,000 |
| American Indian or Alaskan Native | 13 | $3,769,000 | $289,000 | $1,108,000 | $73,000 | $360,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $849,000 | $121,000 | $191,000 | $52,000 | $84,000 |
| 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) | 2,636 | $563,988,000 | $169,636 | $4,500,000 | $54,000 | $4,200,000 |
| 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 | 1,498 | $330,515,000 | $168,772 | $4,500,000 | $55,000 | $4,200,000 |
| Loan Originated | 486 | $100,521,000 | $146,000 | $2,380,000 | $43,000 | $2,400,000 |
| Application Approved But Not Accepted | 316 | $61,707,000 | $337,000 | $2,200,000 | $91,666 | $1,200,000 |
| Application Withdrawn By Applicant | 313 | $67,977,000 | $426,333 | $2,300,000 | $48,666 | $1,920,000 |
| Loan Purchased By The Institution | 23 | $3,268,000 | $142,000 | $392,000 | $37,000 | $72,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 336 | $81,809,000 | $170,428 | $4,500,000 | $50,619 | $2,496,000 |
| Credit Application Incomplete | 125 | $32,256,000 | $316,750 | $3,136,000 | $94,500 | $672,000 |
| Collateral | 28 | $7,870,000 | $208,500 | $2,000,000 | $142,000 | $660,000 |
| Debt-To-Income Ratio | 21 | $2,070,000 | $98,000 | $240,000 | $69,000 | $1,020,000 |
| Unverifiable Information | 10 | $771,000 | $77,000 | $130,000 | $44,000 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $1,251,000 | $114,500 | $247,000 | $76,500 | $96,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 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 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 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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