American Mortgage Specialists Mortgage Lending & HMDA Data, 2009
In 2009, American Mortgage Specialists of Scottsdale, AZ reported 993 mortgage applications totaling $177.8 million, down 49% from 2008. The average application was for $179,095, and applicants reported an average income of $67,367. 80% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (550), Las Vegas-Paradise, NV (57) and San Diego-Carlsbad-San Marcos, CA (21) (applications in parentheses).
| Mortgage Company & Address | American Mortgage Specialists 16100 N Greenway Hayden Loop Ste 108 Scottsdale, AZ 85260 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 993 |
| Total Mortgage Loan Application Amount | $177,842,000 |
| Average Mortgage Loan Application Amount | $179,095 |
| Highest Mortgage Loan Application Amount | $755,000 |
| Average Applicant Income | $67,367 |
| Highest Applicant Income | $878,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records American Mortgage Specialists filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 American Mortgage Specialists in 2009
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 608 | $99,667,000 | $163,000 | $743,000 | $71,000 | $878,000 |
| Refinancing | 376 | $76,841,000 | $204,000 | $755,000 | $61,000 | $443,000 |
| Home Improvement | 9 | $1,334,000 | $148,000 | $264,000 | $88,000 | $160,000 |
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 | 715 | $130,036,000 | $181,000 | $755,000 | $69,000 | $878,000 |
| Hispanic | 119 | $16,493,000 | $138,000 | $323,000 | $57,000 | $210,000 |
| Not Provided | 66 | $12,832,000 | $194,000 | $710,000 | $59,000 | $251,000 |
| Black or African American | 50 | $7,582,000 | $151,000 | $389,000 | $49,000 | $124,000 |
| Asian | 35 | $8,986,000 | $256,000 | $729,000 | $92,000 | $216,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $1,554,000 | $259,000 | $743,000 | $66,000 | $142,000 |
| American Indian or Alaskan Native | 2 | $359,000 | $179,000 | $241,000 | $216,000 | $381,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 651 | $116,009,000 | $178,000 | $743,000 | $58,000 | $381,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 278 | $54,618,000 | $196,000 | $755,000 | $94,000 | $878,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 47 | $4,581,000 | $97,000 | $184,000 | $42,000 | $77,000 |
| VA-guaranteed (Veterans Administration) | 17 | $2,634,000 | $154,000 | $290,000 | $57,000 | $102,000 |
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 |
|---|---|---|---|---|---|---|
| Loan Originated | 791 | $142,248,000 | $179,000 | $743,000 | $66,000 | $575,000 |
| Application Denied By Financial Institution | 91 | $15,426,000 | $169,000 | $719,000 | $67,000 | $191,000 |
| Application Withdrawn By Applicant | 70 | $11,930,000 | $170,000 | $755,000 | $58,000 | $261,000 |
| Application Approved But Not Accepted | 41 | $8,238,000 | $200,000 | $537,000 | $107,000 | $878,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 19 | $2,760,000 | $145,000 | $363,000 | $57,000 | $126,000 |
| Collateral | 15 | $2,351,000 | $156,000 | $309,000 | $72,000 | $191,000 |
| Other | 15 | $3,249,000 | $216,000 | $719,000 | $69,000 | $163,000 |
| Credit History | 10 | $1,466,000 | $146,000 | $245,000 | $74,000 | $118,000 |
| Employment History | 10 | $1,332,000 | $133,000 | $366,000 | $58,000 | $92,000 |
| Unverifiable Information | 9 | $1,455,000 | $161,000 | $318,000 | $67,000 | $171,000 |
| Mortgage Insurance Denied | 2 | $446,000 | $223,000 | $311,000 | $82,000 | $97,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $128,000 | $128,000 | $128,000 | $122,000 | $122,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into American Mortgage Specialists's 2009 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 American Mortgage Specialists'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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