Astoria Federal Savings & Loan Mortgage Lending & HMDA Data, 2008
In 2008, Astoria Federal Savings & Loan of Lake Success, NY reported 3,962 mortgage applications totaling $3.0 billion, down 15% from 2007. The average application was for $761,636, and applicants reported an average income of $212,067. 42% of its applications resulted in an originated loan and 9% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (1,929), Nassau-Suffolk, NY (592) and Chicago-Naperville-Joliet, IL (240) (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 | 3,962 |
| Total Mortgage Loan Application Amount | $3,017,603,000 |
| Average Mortgage Loan Application Amount | $761,636 |
| Highest Mortgage Loan Application Amount | $9,175,000 |
| Average Applicant Income | $212,067 |
| Highest Applicant Income | $7,141,000 |
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records Astoria Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 2,105 | $1,522,076,000 | $723,000 | $4,950,000 | $258,000 | $7,141,000 |
| Refinancing | 1,857 | $1,495,527,000 | $805,000 | $9,175,000 | $160,000 | $5,620,000 |
| 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 | 1,706 | $1,471,790,000 | $862,000 | $9,175,000 | $0 | $0 |
| White | 1,610 | $1,118,570,000 | $694,000 | $2,500,000 | $396,000 | $7,141,000 |
| Not Provided | 386 | $281,197,000 | $728,000 | $2,500,000 | $358,000 | $6,357,000 |
| Asian | 143 | $97,487,000 | $681,000 | $2,000,000 | $301,000 | $2,062,000 |
| Hispanic | 66 | $28,846,000 | $437,000 | $2,015,000 | $208,000 | $1,900,000 |
| Black or African American | 45 | $15,603,000 | $346,000 | $1,341,000 | $145,000 | $1,085,000 |
| American Indian or Alaskan Native | 4 | $2,613,000 | $653,000 | $1,205,000 | $249,000 | $493,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $1,497,000 | $748,000 | $1,349,000 | $916,000 | $1,770,000 |
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) | 3,962 | $3,017,603,000 | $761,000 | $9,175,000 | $212,000 | $7,141,000 |
| 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 | 1,681 | $1,354,254,000 | $805,000 | $9,175,000 | $328,000 | $7,141,000 |
| Loan Purchased By The Institution | 1,471 | $1,025,367,000 | $697,000 | $4,950,000 | $0 | $0 |
| Application Approved But Not Accepted | 374 | $294,241,000 | $786,000 | $5,100,000 | $427,000 | $5,437,000 |
| Application Denied By Financial Institution | 343 | $260,412,000 | $759,000 | $6,000,000 | $276,000 | $2,964,000 |
| Application Withdrawn By Applicant | 83 | $79,538,000 | $958,000 | $3,500,000 | $418,000 | $2,962,000 |
| Preapproval Denied by Financial Institution | 9 | $2,341,000 | $260,000 | $475,000 | $69,000 | $124,000 |
| File Closed For Incompleteness | 1 | $1,450,000 | $1,450,000 | $1,450,000 | $318,000 | $318,000 |
| 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 | 120 | $95,555,000 | $796,000 | $6,000,000 | $289,000 | $1,502,000 |
| Debt-To-Income Ratio | 110 | $82,682,000 | $751,000 | $2,118,000 | $198,000 | $883,000 |
| Other | 66 | $42,863,000 | $649,000 | $2,500,000 | $345,000 | $1,600,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 19 | $13,182,000 | $693,000 | $1,500,000 | $335,000 | $1,301,000 |
| Credit History | 16 | $15,640,000 | $977,000 | $2,800,000 | $143,000 | $620,000 |
| Credit Application Incomplete | 12 | $6,509,000 | $542,000 | $1,278,000 | $407,000 | $2,964,000 |
| Unverifiable Information | 5 | $4,467,000 | $893,000 | $1,500,000 | $365,000 | $640,000 |
| Employment History | 4 | $1,855,000 | $463,000 | $1,180,000 | $149,000 | $303,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Astoria Federal Savings & Loan's 2008 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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