Allied Mortgage & Financial Co Mortgage Lending & HMDA Data, 2006
In 2006, Allied Mortgage & Financial Co of Sunrise, FL reported 2,537 mortgage applications totaling $735.4 million, down 4% from 2005. The average application was for $289,853, and applicants reported an average income of $112,927. 10% of its applications resulted in an originated loan and 68% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (390), Tampa-St. Petersburg-Clearwater, FL (370) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (336) (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 | 2,537 |
| Total Mortgage Loan Application Amount | $735,359,000 |
| Average Mortgage Loan Application Amount | $289,853 |
| Highest Mortgage Loan Application Amount | $6,750,000 |
| Average Applicant Income | $112,927 |
| Highest Applicant Income | $6,300,000 |
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records Allied Mortgage & Financial Co filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2006
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 | 2,084 | $551,329,000 | $264,000 | $5,100,000 | $99,000 | $6,300,000 |
| Home Purchase | 434 | $178,127,000 | $410,000 | $6,750,000 | $171,000 | $3,600,000 |
| Home Improvement | 19 | $5,903,000 | $310,000 | $1,325,000 | $314,000 | $2,988,000 |
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 | 1,138 | $377,723,000 | $331,000 | $6,750,000 | $135,000 | $6,300,000 |
| Black or African American | 1,067 | $266,696,000 | $249,000 | $5,150,000 | $90,000 | $1,534,000 |
| Hispanic | 293 | $81,331,000 | $277,000 | $2,600,000 | $114,000 | $1,668,000 |
| American Indian or Alaskan Native | 18 | $5,962,000 | $331,000 | $1,320,000 | $93,000 | $540,000 |
| Asian | 17 | $3,044,000 | $179,000 | $536,000 | $75,000 | $264,000 |
| Not Provided | 2 | $185,000 | $92,000 | $110,000 | $37,000 | $50,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $418,000 | $209,000 | $238,000 | $30,000 | $60,000 |
| 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) | 2,537 | $735,359,000 | $289,000 | $6,750,000 | $113,000 | $6,300,000 |
| 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 | 1,733 | $518,426,000 | $299,000 | $6,750,000 | $119,000 | $6,300,000 |
| Application Withdrawn By Applicant | 313 | $113,868,000 | $363,000 | $5,150,000 | $126,000 | $2,400,000 |
| Loan Originated | 244 | $48,075,000 | $197,000 | $1,820,000 | $111,000 | $1,212,000 |
| Application Approved But Not Accepted | 161 | $39,909,000 | $247,000 | $1,705,000 | $80,000 | $1,406,000 |
| Loan Purchased By The Institution | 86 | $15,081,000 | $175,000 | $406,000 | $21,000 | $132,000 |
| 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 | 837 | $285,047,000 | $340,000 | $6,750,000 | $135,000 | $6,300,000 |
| Other | 772 | $191,297,000 | $247,000 | $3,000,000 | $95,000 | $3,105,000 |
| Credit Application Incomplete | 54 | $21,878,000 | $405,000 | $4,800,000 | $147,000 | $2,040,000 |
| Collateral | 36 | $12,758,000 | $354,000 | $3,500,000 | $103,000 | $620,000 |
| Debt-To-Income Ratio | 21 | $3,978,000 | $189,000 | $1,200,000 | $34,000 | $331,000 |
| Unverifiable Information | 6 | $2,169,000 | $361,000 | $1,350,000 | $130,000 | $360,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $218,000 | $109,000 | $134,000 | $36,000 | $72,000 |
| Mortgage Insurance Denied | 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 2006 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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