Astoria Federal Savings & Loan Mortgage Lending & HMDA Data, 2003
In 2003, Astoria Federal Savings & Loan of Lake Success, NY reported 7,686 mortgage applications totaling $3.3 billion. The average application was for $425,241, and applicants reported an average income of $73,402. 50% of its applications resulted in an originated loan and 3% were denied. Its largest markets were New York, NY (3,352), Nassau-Suffolk, NY (1,647) and Chicago, IL (351) (applications in parentheses).
| Mortgage Company & Address | Astoria Federal Savings & Loan One Astoria Federal Plaza Lake Success, NY 11042 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 7,686 |
| Total Mortgage Loan Application Amount | $3,268,406,000 |
| Average Mortgage Loan Application Amount | $425,241 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $73,402 |
| Highest Applicant Income | $4,765,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Astoria Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Astoria Federal Savings & Loan 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) | 4,430 | $1,413,611,000 | $323,333 | $2,200,000 | $5,866 | $4,765,000 |
| Home Purchase (one-to-four family) | 1,912 | $650,495,000 | $334,115 | $2,000,000 | $6,846 | $3,780,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 1,344 | $1,204,300,000 | $582,333 | $10,000,000 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 3,965 | $2,135,700,000 | $338,088 | $10,000,000 | $617 | $602,000 |
| White | 2,840 | $875,209,000 | $338,333 | $2,000,000 | $139,500 | $4,765,000 |
| Information not provided by applicant in mail or telephone application | 256 | $92,257,000 | $360,000 | $4,800,000 | $123,000 | $1,792,000 |
| Asian or Pacific Islander | 204 | $60,648,000 | $297,000 | $1,500,000 | $154,000 | $1,590,000 |
| Hispanic | 189 | $42,710,000 | $225,000 | $980,000 | $109,000 | $1,285,000 |
| Other | 131 | $37,049,000 | $282,000 | $1,000,000 | $149,000 | $1,098,000 |
| Black | 95 | $23,010,000 | $242,000 | $1,000,000 | $110,000 | $1,486,000 |
| American Indian or Alaskan Native | 6 | $1,823,000 | $303,000 | $1,000,000 | $127,000 | $292,000 |
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) | 7,682 | $3,267,557,000 | $326,323 | $10,000,000 | $4,588 | $4,765,000 |
| FHA-insured (Federal Housing Administration) | 4 | $849,000 | $212,000 | $272,000 | $82,000 | $110,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 3,818 | $1,798,738,000 | $375,571 | $10,000,000 | $116,000 | $4,765,000 |
| Loan Purchased By The Institution | 2,826 | $1,034,580,000 | $323,617 | $4,500,000 | $0 | $0 |
| Application Approved But Not Accepted | 689 | $281,778,000 | $408,000 | $3,325,000 | $134,000 | $2,798,000 |
| Application Denied By Financial Institution | 255 | $75,771,000 | $297,000 | $1,100,000 | $102,000 | $993,000 |
| Application Withdrawn By Applicant | 93 | $75,664,000 | $813,000 | $5,000,000 | $167,000 | $1,073,000 |
| File Closed For Incompleteness | 5 | $1,875,000 | $375,000 | $610,000 | $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 | 83 | $23,756,000 | $286,000 | $1,000,000 | $103,000 | $913,000 |
| Debt-To-Income Ratio | 64 | $17,739,000 | $277,000 | $1,100,000 | $97,000 | $473,000 |
| Credit Application Incomplete | 40 | $13,839,000 | $345,000 | $1,050,000 | $85,000 | $500,000 |
| Credit History | 31 | $8,289,000 | $267,000 | $700,000 | $90,000 | $993,000 |
| Other | 20 | $5,834,000 | $291,000 | $740,000 | $123,000 | $282,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $4,567,000 | $507,000 | $1,085,000 | $160,000 | $360,000 |
| Unverifiable Information | 5 | $1,458,000 | $291,000 | $340,000 | $172,000 | $230,000 |
| Employment History | 3 | $289,000 | $96,000 | $143,000 | $118,000 | $200,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Astoria Federal Savings & Loan'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 Astoria Federal Savings & Loan'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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with aggregated HMDA statistics today.
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