Bank of Coral Gables Mortgage Lending & HMDA Data, 2010
In 2010, Bank of Coral Gables of Coral Gables, FL reported 12 mortgage applications totaling $3.0 million, down 61% from 2009. The average application was for $246,083, and applicants reported an average income of $158,333. 17% of its applications resulted in an originated loan and 58% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (11) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (1).
| Mortgage Company & Address | Bank of Coral Gables 2295 Galiano Street Coral Gables, FL 33134 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2013 2010 2009 2008 2007 |
| Total Number of Mortgage Applications | 12 |
| Total Mortgage Loan Application Amount | $2,953,000 |
| Average Mortgage Loan Application Amount | $246,083 |
| Highest Mortgage Loan Application Amount | $417,000 |
| Average Applicant Income | $158,333 |
| Highest Applicant Income | $720,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Coral Gables filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bank of Coral Gables in 2010
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 | 7 | $1,774,000 | $253,000 | $417,000 | $105,000 | $202,000 |
| Home Purchase | 5 | $1,179,000 | $235,000 | $300,000 | $233,000 | $720,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 8 | $1,826,000 | $228,000 | $300,000 | $117,000 | $245,000 |
| White | 4 | $1,127,000 | $281,000 | $417,000 | $241,000 | $720,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 12 | $2,953,000 | $246,000 | $417,000 | $158,000 | $720,000 |
| 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 | 7 | $1,865,000 | $266,000 | $417,000 | $83,000 | $115,000 |
| Application Withdrawn By Applicant | 2 | $362,000 | $181,000 | $193,000 | $75,000 | $82,000 |
| Loan Originated | 2 | $596,000 | $298,000 | $300,000 | $223,000 | $245,000 |
| File Closed For Incompleteness | 1 | $130,000 | $130,000 | $130,000 | $720,000 | $720,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 4 | $958,000 | $239,000 | $300,000 | $83,000 | $114,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $210,000 | $210,000 | $210,000 | $60,000 | $60,000 |
| Other | 1 | $280,000 | $280,000 | $280,000 | $76,000 | $76,000 |
| Credit History | 1 | $417,000 | $417,000 | $417,000 | $115,000 | $115,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Coral Gables's 2010 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 Bank of Coral Gables'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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