Astoria Federal Savings & Loan Mortgage Lending & HMDA Data, 2009
In 2009, Astoria Federal Savings & Loan of Lake Success, NY reported 3,501 mortgage applications totaling $1.9 billion, down 12% from 2008. The average application was for $535,508, and applicants reported an average income of $212,441. 61% of its applications resulted in an originated loan and 12% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (1,760), Nassau-Suffolk, NY (1,066) and Chicago-Naperville-Joliet, IL (110) (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 | 3,501 |
| Total Mortgage Loan Application Amount | $1,874,817,000 |
| Average Mortgage Loan Application Amount | $535,508 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $212,441 |
| Highest Applicant Income | $4,981,000 |
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records Astoria Federal Savings & Loan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 2,523 | $1,368,686,000 | $542,000 | $2,500,000 | $213,000 | $4,854,000 |
| Home Purchase | 978 | $506,131,000 | $517,000 | $2,500,000 | $211,000 | $4,981,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 2,093 | $1,061,336,000 | $507,000 | $2,500,000 | $263,000 | $4,854,000 |
| Not applicable | 665 | $432,573,000 | $650,000 | $2,050,000 | $0 | $0 |
| Not Provided | 422 | $236,449,000 | $560,000 | $2,250,000 | $294,000 | $3,765,000 |
| Asian | 185 | $98,235,000 | $531,000 | $2,500,000 | $251,000 | $4,981,000 |
| Hispanic | 82 | $30,217,000 | $368,000 | $2,500,000 | $143,000 | $1,305,000 |
| Black or African American | 51 | $15,067,000 | $295,000 | $1,450,000 | $209,000 | $4,500,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $940,000 | $313,000 | $428,000 | $114,000 | $146,000 |
| 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) | 3,501 | $1,874,817,000 | $535,000 | $2,500,000 | $213,000 | $4,981,000 |
| 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 | 2,150 | $996,789,000 | $463,000 | $2,500,000 | $244,000 | $4,854,000 |
| Loan Purchased By The Institution | 657 | $423,645,000 | $644,000 | $1,500,000 | $0 | $0 |
| Application Denied By Financial Institution | 432 | $313,460,000 | $725,000 | $2,500,000 | $361,000 | $4,981,000 |
| Application Approved But Not Accepted | 223 | $122,835,000 | $550,000 | $2,500,000 | $259,000 | $2,437,000 |
| Application Withdrawn By Applicant | 23 | $12,754,000 | $554,000 | $1,500,000 | $225,000 | $820,000 |
| Preapproval Denied by Financial Institution | 14 | $4,789,000 | $342,000 | $855,000 | $103,000 | $286,000 |
| File Closed For Incompleteness | 2 | $545,000 | $272,000 | $414,000 | $165,000 | $180,000 |
| 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 | 167 | $112,325,000 | $672,000 | $2,500,000 | $355,000 | $2,813,000 |
| Debt-To-Income Ratio | 142 | $102,448,000 | $721,000 | $2,000,000 | $208,000 | $1,560,000 |
| Other | 45 | $33,570,000 | $746,000 | $2,500,000 | $469,000 | $4,981,000 |
| Credit Application Incomplete | 39 | $28,065,000 | $719,000 | $1,725,000 | $534,000 | $3,758,000 |
| Unverifiable Information | 21 | $15,591,000 | $742,000 | $1,800,000 | $629,000 | $2,000,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 20 | $19,444,000 | $972,000 | $2,100,000 | $556,000 | $1,342,000 |
| Credit History | 9 | $5,211,000 | $579,000 | $1,800,000 | $255,000 | $926,000 |
| Employment History | 3 | $1,595,000 | $531,000 | $1,075,000 | $51,000 | $77,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Astoria Federal Savings & Loan's 2009 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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