Astoria Federal Savings & Loan Mortgage Lending & HMDA Data, 2007
In 2007, Astoria Federal Savings & Loan of Lake Success, NY reported 4,688 mortgage applications totaling $2.9 billion, up 30% from 2006. The average application was for $623,727, and applicants reported an average income of $93,113. 27% of its applications resulted in an originated loan and 4% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (1,314), Nassau-Suffolk, NY (571) and Chicago-Naperville-Joliet, IL (370) (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 | 4,688 |
| Total Mortgage Loan Application Amount | $2,924,033,000 |
| Average Mortgage Loan Application Amount | $623,727 |
| Highest Mortgage Loan Application Amount | $7,875,000 |
| Average Applicant Income | $93,113 |
| Highest Applicant Income | $4,240,000 |
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records Astoria Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2007
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 | 2,635 | $1,578,268,000 | $598,000 | $7,875,000 | $41,000 | $4,172,000 |
| Home Purchase | 2,053 | $1,345,765,000 | $655,000 | $6,000,000 | $160,000 | $4,240,000 |
| 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 | 3,066 | $2,022,423,000 | $659,000 | $7,875,000 | $0 | $0 |
| White | 1,161 | $650,912,000 | $560,000 | $2,500,000 | $285,000 | $4,240,000 |
| Not Provided | 259 | $155,482,000 | $600,000 | $2,500,000 | $273,000 | $4,172,000 |
| Asian | 91 | $49,324,000 | $542,000 | $1,558,000 | $231,000 | $2,324,000 |
| Hispanic | 71 | $30,478,000 | $429,000 | $2,200,000 | $150,000 | $984,000 |
| Black or African American | 37 | $15,113,000 | $408,000 | $2,000,000 | $167,000 | $1,755,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $301,000 | $100,000 | $120,000 | $69,000 | $137,000 |
| American Indian or Alaskan Native | 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) | 4,688 | $2,924,033,000 | $623,000 | $7,875,000 | $93,000 | $4,240,000 |
| 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 | 2,855 | $1,763,566,000 | $617,000 | $5,000,000 | $0 | $0 |
| Loan Originated | 1,287 | $788,418,000 | $612,000 | $7,875,000 | $221,000 | $4,240,000 |
| Application Approved But Not Accepted | 276 | $200,017,000 | $724,000 | $2,500,000 | $311,000 | $2,298,000 |
| Application Denied By Financial Institution | 200 | $120,957,000 | $604,000 | $2,500,000 | $240,000 | $1,927,000 |
| Application Withdrawn By Applicant | 60 | $47,886,000 | $798,000 | $2,400,000 | $338,000 | $1,820,000 |
| Preapproval Denied by Financial Institution | 10 | $3,189,000 | $318,000 | $1,040,000 | $79,000 | $270,000 |
| 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 | 80 | $46,372,000 | $579,000 | $2,030,000 | $265,000 | $1,353,000 |
| Debt-To-Income Ratio | 61 | $33,510,000 | $549,000 | $2,000,000 | $162,000 | $617,000 |
| Other | 35 | $25,979,000 | $742,000 | $2,500,000 | $349,000 | $1,927,000 |
| Credit History | 15 | $7,197,000 | $479,000 | $770,000 | $103,000 | $354,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $5,379,000 | $672,000 | $1,000,000 | $227,000 | $359,000 |
| Employment History | 6 | $2,976,000 | $496,000 | $952,000 | $199,000 | $430,000 |
| Credit Application Incomplete | 4 | $2,317,000 | $579,000 | $1,040,000 | $159,000 | $270,000 |
| Unverifiable Information | 1 | $416,000 | $416,000 | $416,000 | $261,000 | $261,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Astoria Federal Savings & Loan's 2007 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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