Astoria Federal Savings & Loan Mortgage Lending & HMDA Data, 2005
In 2005, Astoria Federal Savings & Loan of Lake Success, NY reported 5,519 mortgage applications totaling $2.4 billion, up 2% from 2004. The average application was for $442,110, and applicants reported an average income of $52,858. 37% of its applications resulted in an originated loan and 3% were denied. Its largest markets were New York-Wayne-White Plains, NY-NJ (1,579), Nassau-Suffolk, NY (1,043) and Chicago-Naperville-Joliet, IL (262) (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 | 5,519 |
| Total Mortgage Loan Application Amount | $2,440,010,000 |
| Average Mortgage Loan Application Amount | $442,110 |
| Highest Mortgage Loan Application Amount | $9,000,000 |
| Average Applicant Income | $52,858 |
| Highest Applicant Income | $2,467,000 |
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records Astoria Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 2,887 | $1,346,139,000 | $359,066 | $9,000,000 | $3,300 | $1,717,000 |
| Home Purchase | 2,632 | $1,093,871,000 | $336,516 | $7,474,000 | $6,225 | $2,467,000 |
| 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 | 3,365 | $1,709,477,000 | $352,093 | $9,000,000 | $0 | $0 |
| White | 1,524 | $515,860,000 | $370,500 | $2,293,000 | $115,500 | $2,467,000 |
| Not Provided | 287 | $106,466,000 | $250,500 | $1,650,000 | $66,500 | $1,590,000 |
| Hispanic | 130 | $39,157,000 | $191,000 | $1,000,000 | $80,000 | $550,000 |
| Asian | 110 | $40,194,000 | $441,500 | $1,500,000 | $137,000 | $729,000 |
| Black or African American | 94 | $25,364,000 | $322,000 | $1,000,000 | $88,000 | $1,694,000 |
| Native Hawaiian or Other Pacific Islander | 7 | $2,222,000 | $317,000 | $1,000,000 | $197,000 | $788,000 |
| American Indian or Alaskan Native | 2 | $1,270,000 | $635,000 | $730,000 | $185,000 | $191,000 |
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) | 5,519 | $2,440,010,000 | $335,545 | $9,000,000 | $5,575 | $2,467,000 |
| 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 Purchased By The Institution | 2,910 | $1,163,997,000 | $333,062 | $7,712,000 | $0 | $0 |
| Loan Originated | 2,049 | $979,055,000 | $477,000 | $8,600,000 | $114,000 | $1,750,000 |
| Application Approved But Not Accepted | 359 | $205,279,000 | $571,000 | $7,050,000 | $123,000 | $2,467,000 |
| Application Denied By Financial Institution | 142 | $54,906,000 | $386,000 | $9,000,000 | $115,000 | $1,566,000 |
| Application Withdrawn By Applicant | 42 | $30,410,000 | $724,000 | $5,000,000 | $105,000 | $600,000 |
| Preapproval Denied by Financial Institution | 16 | $5,903,000 | $368,000 | $945,000 | $76,000 | $206,000 |
| File Closed For Incompleteness | 1 | $460,000 | $460,000 | $460,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 | 69 | $20,096,000 | $291,000 | $1,700,000 | $125,000 | $1,566,000 |
| Other | 26 | $17,493,000 | $417,000 | $9,000,000 | $71,500 | $338,000 |
| Debt-To-Income Ratio | 25 | $9,303,000 | $366,500 | $801,000 | $89,000 | $240,000 |
| Credit History | 17 | $6,620,000 | $390,500 | $995,000 | $115,500 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $3,132,000 | $366,000 | $750,000 | $84,500 | $227,000 |
| Credit Application Incomplete | 7 | $2,818,000 | $498,000 | $945,000 | $157,000 | $442,000 |
| Employment History | 4 | $337,000 | $82,500 | $95,000 | $48,500 | $65,000 |
| Unverifiable Information | 2 | $1,010,000 | $505,000 | $650,000 | $142,000 | $191,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Astoria Federal Savings & Loan'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 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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