Avex Funding Corporation Mortgage Lending & HMDA Data, 2016
In 2016, Avex Funding Corporation of New York, NY reported 6,894 mortgage applications totaling $3.0 billion, up 214% from 2015. The average application was for $428,101, and applicants reported an average income of $185,975. 18% of its applications resulted in an originated loan and 36% were denied. Its largest markets were Oakland-Hayward-Berkeley, CA (972), Los Angeles-Long Beach-Glendale, CA (912) and Seattle-Bellevue-Everett, WA (671) (applications in parentheses).
| Mortgage Company & Address | Avex Funding Corporation 459 Broadway, Floor 5 New York, NY 10013 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2016 2015 2014 2013 2012 2011 2010 |
| Total Number of Mortgage Applications | 6,894 |
| Total Mortgage Loan Application Amount | $2,951,331,000 |
| Average Mortgage Loan Application Amount | $428,101 |
| Highest Mortgage Loan Application Amount | $72,515,000 |
| Average Applicant Income | $185,975 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Avex Funding Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Oakland-Hayward-Berkeley, CA | 972 | $ 523,658,000 | $ 538,742 | $ 195,000 |
| Los Angeles-Long Beach-Glendale, CA | 912 | $ 412,918,000 | $ 452,760 | $ 184,000 |
| Seattle-Bellevue-Everett, WA | 671 | $ 256,020,000 | $ 381,549 | $ 174,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 613 | $ 331,100,000 | $ 540,130 | $ 225,000 |
| San Diego-Carlsbad, CA | 529 | $ 204,724,000 | $ 387,001 | $ 164,000 |
| Anaheim-Santa Ana-Irvine, CA | 458 | $ 193,120,000 | $ 421,659 | $ 166,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 377 | $ 114,317,000 | $ 303,228 | $ 189,000 |
| San Francisco-Redwood City-South San Francisco, CA | 356 | $ 226,772,000 | $ 637,000 | $ 256,000 |
| Riverside-San Bernardino-Ontario, CA | 344 | $ 103,833,000 | $ 301,840 | $ 148,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 202 | $ 57,496,000 | $ 284,633 | $ 125,985 |
| New York-Jersey City-White Plains, NY-NJ | 194 | $ 67,392,000 | $ 347,381 | $ 202,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 159 | $ 68,279,000 | $ 429,427 | $ 199,000 |
| Newark, NJ-PA | 107 | $ 40,290,000 | $ 376,542 | $ 207,000 |
| Santa Rosa, CA | 76 | $ 30,100,000 | $ 396,052 | $ 165,000 |
| Stockton-Lodi, CA | 76 | $ 52,949,000 | $ 696,697 | $ 171,000 |
| Tacoma-Lakewood, WA | 53 | $ 13,912,000 | $ 262,490 | $ 119,000 |
| Fresno, CA | 46 | $ 11,955,000 | $ 259,891 | $ 196,000 |
| San Rafael, CA | 43 | $ 27,683,000 | $ 643,790 | $ 248,000 |
| Vallejo-Fairfield, CA | 43 | $ 12,011,000 | $ 279,325 | $ 129,000 |
| Santa Cruz-Watsonville, CA | 41 | $ 18,380,000 | $ 448,292 | $ 213,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 36 | $ 13,012,000 | $ 361,444 | $ 141,000 |
| Santa Maria-Santa Barbara, CA | 34 | $ 13,931,000 | $ 409,735 | $ 185,000 |
| Modesto, CA | 32 | $ 7,886,000 | $ 246,437 | $ 155,000 |
| Salinas, CA | 29 | $ 9,444,000 | $ 325,655 | $ 141,000 |
| Camden, NJ | 28 | $ 8,074,000 | $ 288,357 | $ 197,000 |
| Bakersfield, CA | 26 | $ 5,642,000 | $ 217,000 | $ 185,000 |
| Bremerton-Silverdale, WA | 24 | $ 7,801,000 | $ 325,041 | $ 211,000 |
| Spokane-Spokane Valley, WA | 22 | $ 4,581,000 | $ 208,227 | $ 109,000 |
| Montgomery County-Bucks County-Chester County, PA | 19 | $ 5,467,000 | $ 287,736 | $ 165,000 |
| Olympia-Tumwater, WA | 19 | $ 4,366,000 | $ 229,789 | $ 86,000 |
| Bellingham, WA | 17 | $ 4,732,000 | $ 278,352 | $ 114,000 |
| Trenton, NJ | 17 | $ 5,699,000 | $ 335,235 | $ 161,000 |
| Chicago-Naperville-Arlington Heights, IL | 16 | $ 6,135,000 | $ 383,437 | $ 212,000 |
| Napa, CA | 16 | $ 6,484,000 | $ 405,250 | $ 168,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 16 | $ 8,133,000 | $ 508,312 | $ 180,000 |
| Visalia-Porterville, CA | 15 | $ 3,376,000 | $ 225,066 | $ 196,000 |
| Chico, CA | 14 | $ 3,092,000 | $ 220,857 | $ 166,000 |
| Salem, OR | 12 | $ 3,331,000 | $ 277,583 | $ 124,000 |
| Merced, CA | 11 | $ 3,587,000 | $ 326,090 | $ 152,000 |
| Kennewick-Richland, WA | 9 | $ 2,198,000 | $ 244,222 | $ 100,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 8 | $ 1,914,000 | $ 239,250 | $ 202,125 |
| Madera, CA | 8 | $ 2,173,000 | $ 271,625 | $ 82,000 |
| Mount Vernon-Anacortes, WA | 8 | $ 2,449,000 | $ 306,125 | $ 182,000 |
| Philadelphia, PA | 8 | $ 2,298,000 | $ 287,250 | $ 100,000 |
| Redding, CA | 8 | $ 2,251,000 | $ 281,375 | $ 198,000 |
| Yuba City, CA | 8 | $ 1,391,000 | $ 173,875 | $ 101,000 |
| Eugene, OR | 7 | $ 2,231,000 | $ 318,714 | $ 1,521,000 |
| Bend-Redmond, OR | 6 | $ 1,974,000 | $ 329,000 | $ 109,000 |
| Atlantic City-Hammonton, NJ | 5 | $ 1,282,000 | $ 256,400 | $ 260,000 |
| Hanford-Corcoran, CA | 5 | $ 847,000 | $ 169,400 | $ 97,000 |
| Wenatchee, WA | 5 | $ 1,301,000 | $ 260,200 | $ 360,000 |
| Yakima, WA | 4 | $ 863,000 | $ 215,750 | $ 133,000 |
| Charlotte-Concord-Gastonia, NC-SC | 3 | $ 846,000 | $ 282,000 | $ 104,000 |
| Medford, OR | 3 | $ 701,000 | $ 233,666 | $ 150,000 |
| Raleigh, NC | 3 | $ 911,000 | $ 303,666 | $ 126,000 |
| Corvallis, OR | 2 | $ 642,000 | $ 321,000 | $ 107,000 |
| El Centro, CA | 2 | $ 218,000 | $ 109,000 | $ 40,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 1,153,000 | $ 576,500 | $ 224,000 |
| Lancaster, PA | 2 | $ 353,000 | $ 176,500 | $ 186,000 |
| Longview, WA | 2 | $ 528,000 | $ 264,000 | $ 125,000 |
| Pittsburgh, PA | 2 | $ 566,000 | $ 283,000 | $ 329,000 |
| Albany, OR | 1 | $ 240,000 | $ 240,000 | $ 103,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 267,000 | $ 267,000 | $ 546,000 |
| Chambersburg-Waynesboro, PA | 1 | $ 203,000 | $ 203,000 | $ 48,000 |
| Durham-Chapel Hill, NC | 1 | $ 323,000 | $ 323,000 | $ 105,000 |
| Elgin, IL | 1 | $ 310,000 | $ 310,000 | $ 300,000 |
| Erie, PA | 1 | $ 52,000 | $ 52,000 | $ 24,000 |
| Grants Pass, OR | 1 | $ 131,000 | $ 131,000 | $ 60,000 |
| Ocean City, NJ | 1 | $ 215,000 | $ 215,000 | $ 150,000 |
| Reading, PA | 1 | $ 338,000 | $ 338,000 | $ 96,000 |
| Salt Lake City, UT | 1 | $ 358,000 | $ 358,000 | $ 100,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 183,000 | $ 183,000 | $ 192,000 |
| Vineland-Bridgeton, NJ | 1 | $ 106,000 | $ 106,000 | $ 34,000 |
| Walla Walla, WA | 1 | $ 175,000 | $ 175,000 | $ 52,000 |
Mortgage Loan Application Detail Totals for Avex Funding Corporation in 2016
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 | 4,641 | $1,959,996,000 | $422,000 | $72,515,000 | $193,000 | $9,999,000 |
| Home Improvement | 1,128 | $439,269,000 | $389,000 | $1,845,000 | $176,000 | $2,544,000 |
| Home Purchase | 1,125 | $552,066,000 | $490,000 | $6,400,000 | $167,000 | $2,500,000 |
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 Provided | 5,815 | $2,522,889,000 | $433,000 | $72,515,000 | $186,000 | $9,999,000 |
| Asian | 484 | $209,239,000 | $432,000 | $1,200,000 | $213,000 | $9,000,000 |
| White | 454 | $169,077,000 | $372,000 | $1,200,000 | $164,000 | $1,755,000 |
| Hispanic | 89 | $33,084,000 | $371,000 | $661,000 | $147,000 | $1,259,000 |
| Black or African American | 25 | $7,815,000 | $312,000 | $541,000 | $144,000 | $400,000 |
| Native Hawaiin or Other Pacific Islander | 16 | $5,826,000 | $364,000 | $600,000 | $223,000 | $1,619,000 |
| American Indian or Alaskan Native | 11 | $3,401,000 | $309,000 | $417,000 | $196,000 | $619,000 |
| Not applicable | 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) | 6,894 | $2,951,331,000 | $428,000 | $72,515,000 | $186,000 | $9,999,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Denied By Financial Institution | 2,506 | $1,183,354,000 | $472,000 | $72,515,000 | $190,000 | $9,999,000 |
| File Closed For Incompleteness | 2,365 | $962,724,000 | $407,000 | $2,000,000 | $199,000 | $9,000,000 |
| Loan Originated | 1,233 | $490,352,000 | $397,000 | $1,577,000 | $159,000 | $1,162,000 |
| Application Withdrawn By Applicant | 782 | $311,365,000 | $398,000 | $1,577,000 | $173,000 | $2,544,000 |
| Application Approved But Not Accepted | 8 | $3,536,000 | $442,000 | $798,000 | $206,000 | $320,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Avex Funding Corporation's 2016 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 Avex Funding Corporation'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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