Bank of Florida - Southeast Mortgage Lending & HMDA Data, 2006
In 2006, Bank of Florida - Southeast of Ft Lauderdale, FL reported 41 mortgage applications totaling $54.0 million, up 37% from 2005. The average application was for $1,316,560, and applicants reported an average income of $461,243. 83% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (18), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (12) and West Palm Beach-Boca Raton-Boynton Beach, FL (5) (applications in parentheses).
| Mortgage Company & Address | Bank of Florida - Southeast 200 Sw First Ave Ste 1700 Ft Lauderdale, FL 33301 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 41 |
| Total Mortgage Loan Application Amount | $53,979,000 |
| Average Mortgage Loan Application Amount | $1,316,560 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $461,243 |
| Highest Applicant Income | $2,813,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Florida - Southeast filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Florida - Southeast in 2006
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 | 27 | $36,160,000 | $1,339,000 | $10,000,000 | $451,000 | $2,268,000 |
| Refinancing | 13 | $17,654,000 | $1,358,000 | $10,000,000 | $500,000 | $2,813,000 |
| Home Improvement | 1 | $165,000 | $165,000 | $165,000 | $234,000 | $234,000 |
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 |
|---|---|---|---|---|---|---|
| White | 21 | $23,259,000 | $1,107,000 | $10,000,000 | $581,000 | $2,813,000 |
| Hispanic | 10 | $4,268,000 | $426,000 | $865,000 | $242,000 | $603,000 |
| Not applicable | 7 | $24,938,000 | $3,562,000 | $10,000,000 | $427,000 | $1,758,000 |
| Not Provided | 1 | $600,000 | $600,000 | $600,000 | $946,000 | $946,000 |
| American Indian or Alaskan Native | 1 | $354,000 | $354,000 | $354,000 | $195,000 | $195,000 |
| Asian | 1 | $560,000 | $560,000 | $560,000 | $155,000 | $155,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 41 | $53,979,000 | $1,316,000 | $10,000,000 | $461,000 | $2,813,000 |
| 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 | 34 | $38,690,000 | $1,137,000 | $10,000,000 | $428,000 | $2,268,000 |
| Application Denied By Financial Institution | 4 | $11,755,000 | $2,938,000 | $10,000,000 | $871,000 | $2,813,000 |
| Application Withdrawn By Applicant | 2 | $3,369,000 | $1,684,000 | $3,100,000 | $312,000 | $520,000 |
| Application Approved But Not Accepted | 1 | $165,000 | $165,000 | $165,000 | $234,000 | $234,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 2 | $10,200,000 | $5,100,000 | $10,000,000 | $1,496,000 | $2,813,000 |
| Other | 2 | $1,555,000 | $777,000 | $790,000 | $246,000 | $252,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Florida - Southeast's 2006 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 Florida - Southeast'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 Florida, download the full spreadsheet
with aggregated HMDA statistics today.
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