Astoria Federal Savings & Loan Mortgage Lending & HMDA Data, 2004
In 2004, Astoria Federal Savings & Loan of Lake Success, NY reported 5,430 mortgage applications totaling $2.2 billion, down 29% from 2003. The average application was for $403,549, and applicants reported an average income of $61,871. 48% of its applications resulted in an originated loan and 3% were denied. Its largest markets were New York-Wayne-White Plains, NY-NJ (2,149), Nassau-Suffolk, NY (1,116) and Newark-Union, NJ-PA (164) (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 | 5,430 |
| Total Mortgage Loan Application Amount | $2,191,273,000 |
| Average Mortgage Loan Application Amount | $403,549 |
| Highest Mortgage Loan Application Amount | $11,000,000 |
| Average Applicant Income | $61,871 |
| Highest Applicant Income | $4,148,000 |
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records Astoria Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 2,760 | $1,197,418,000 | $307,703 | $11,000,000 | $3,592 | $4,148,000 |
| Home Purchase | 2,670 | $993,855,000 | $311,700 | $4,760,000 | $6,533 | $2,200,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 2,967 | $1,444,602,000 | $315,533 | $11,000,000 | $366 | $486,000 |
| White | 1,697 | $522,432,000 | $287,500 | $1,500,000 | $111,000 | $4,148,000 |
| Not Provided | 299 | $106,047,000 | $349,000 | $2,150,000 | $131,000 | $1,735,000 |
| Hispanic | 171 | $40,854,000 | $250,500 | $999,000 | $78,500 | $376,000 |
| Asian | 150 | $43,042,000 | $327,500 | $963,000 | $120,000 | $619,000 |
| Black or African American | 130 | $29,849,000 | $263,500 | $713,000 | $89,500 | $507,000 |
| Native Hawaiian or Other Pacific Islander | 12 | $3,708,000 | $309,000 | $560,000 | $96,000 | $225,000 |
| American Indian or Alaskan Native | 4 | $739,000 | $184,000 | $221,000 | $98,000 | $207,000 |
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) | 5,430 | $2,191,273,000 | $303,064 | $11,000,000 | $6,225 | $4,148,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 2,605 | $1,170,457,000 | $449,000 | $11,000,000 | $101,000 | $4,148,000 |
| Loan Purchased By The Institution | 2,190 | $754,293,000 | $301,033 | $5,600,000 | $0 | $0 |
| Application Approved But Not Accepted | 377 | $178,158,000 | $472,000 | $6,000,000 | $126,000 | $1,735,000 |
| Application Denied By Financial Institution | 173 | $53,713,000 | $310,000 | $2,600,000 | $108,000 | $708,000 |
| Application Withdrawn By Applicant | 49 | $24,133,000 | $492,000 | $3,000,000 | $110,000 | $900,000 |
| Preapproval Denied by Financial Institution | 36 | $10,519,000 | $292,000 | $660,000 | $94,000 | $200,000 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 77 | $22,641,000 | $294,000 | $2,600,000 | $94,000 | $667,000 |
| Debt-To-Income Ratio | 50 | $14,431,000 | $276,500 | $1,100,000 | $82,500 | $707,000 |
| Credit History | 33 | $10,495,000 | $309,000 | $1,500,000 | $90,000 | $377,000 |
| Other | 24 | $7,567,000 | $369,000 | $850,000 | $149,500 | $708,000 |
| Credit Application Incomplete | 14 | $5,643,000 | $365,000 | $1,050,000 | $110,500 | $392,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 7 | $2,465,000 | $394,000 | $660,000 | $89,000 | $200,000 |
| Unverifiable Information | 3 | $678,000 | $226,000 | $288,000 | $103,000 | $160,000 |
| Employment History | 1 | $312,000 | $312,000 | $312,000 | $70,000 | $70,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Astoria Federal Savings & Loan'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 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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