Bankunited, FSB Mortgage Lending & HMDA Data, 2004
In 2004, Bankunited, FSB of Miami Lakes, FL reported 20,917 mortgage applications totaling $5.1 billion, up 11% from 2003. The average application was for $242,560, and applicants reported an average income of $113,107. 65% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (4,783), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (2,898) and Chicago-Naperville-Joliet, IL (1,679) (applications in parentheses).
| Mortgage Company & Address | Bankunited, FSB 7815 Nw 148th Street Miami Lakes, FL 33016 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 20,917 |
| Total Mortgage Loan Application Amount | $5,073,648,000 |
| Average Mortgage Loan Application Amount | $242,560 |
| Highest Mortgage Loan Application Amount | $7,590,000 |
| Average Applicant Income | $113,107 |
| Highest Applicant Income | $6,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bankunited, FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bankunited, FSB in 2004
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 | 10,597 | $2,469,814,000 | $246,862 | $4,650,000 | $98,310 | $4,500,000 |
| Home Purchase | 10,008 | $2,571,652,000 | $266,000 | $5,500,000 | $124,906 | $6,000,000 |
| Home Improvement | 312 | $32,182,000 | $103,000 | $7,590,000 | $96,000 | $740,000 |
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 | 12,064 | $3,072,031,000 | $261,322 | $5,500,000 | $111,967 | $6,000,000 |
| Hispanic | 5,227 | $1,183,540,000 | $218,181 | $7,590,000 | $93,727 | $5,306,000 |
| Not Provided | 1,369 | $334,718,000 | $296,416 | $1,850,000 | $112,041 | $1,800,000 |
| Black or African American | 1,218 | $223,813,000 | $194,434 | $2,200,000 | $84,086 | $1,080,000 |
| Asian | 864 | $217,791,000 | $245,777 | $1,376,000 | $103,444 | $900,000 |
| Not applicable | 74 | $20,294,000 | $200,333 | $1,520,000 | $4,000 | $198,000 |
| Native Hawaiian or Other Pacific Islander | 65 | $13,371,000 | $207,400 | $695,000 | $87,300 | $360,000 |
| American Indian or Alaskan Native | 36 | $8,090,000 | $259,250 | $650,000 | $68,250 | $210,000 |
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) | 20,917 | $5,073,648,000 | $249,218 | $7,590,000 | $104,500 | $6,000,000 |
| 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 | 13,617 | $3,254,854,000 | $257,000 | $5,500,000 | $116,366 | $6,000,000 |
| Application Denied By Financial Institution | 3,756 | $958,926,000 | $251,413 | $4,650,000 | $103,103 | $4,660,000 |
| Application Approved But Not Accepted | 2,601 | $598,410,000 | $287,920 | $7,590,000 | $110,000 | $4,249,000 |
| File Closed For Incompleteness | 594 | $180,141,000 | $294,391 | $2,790,000 | $127,695 | $2,700,000 |
| Application Withdrawn By Applicant | 217 | $58,059,000 | $380,285 | $1,855,000 | $104,642 | $903,000 |
| Preapproval Denied by Financial Institution | 86 | $16,072,000 | $186,000 | $700,000 | $113,000 | $1,440,000 |
| Loan Purchased By The Institution | 46 | $7,186,000 | $157,666 | $315,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1,326 | $302,639,000 | $247,250 | $3,600,000 | $93,214 | $1,440,000 |
| Other | 1,223 | $367,141,000 | $250,862 | $4,650,000 | $126,241 | $4,660,000 |
| Debt-To-Income Ratio | 639 | $145,007,000 | $222,217 | $2,000,000 | $77,304 | $750,000 |
| Collateral | 412 | $93,473,000 | $258,230 | $3,600,000 | $127,615 | $1,585,000 |
| Unverifiable Information | 91 | $26,308,000 | $276,272 | $3,400,000 | $115,727 | $1,440,000 |
| Credit Application Incomplete | 69 | $17,701,000 | $252,200 | $1,500,000 | $111,000 | $2,880,000 |
| Employment History | 67 | $17,323,000 | $230,714 | $1,300,000 | $93,428 | $507,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 14 | $5,246,000 | $324,500 | $1,520,000 | $87,500 | $142,000 |
| Mortgage Insurance Denied | 1 | $160,000 | $160,000 | $160,000 | $42,000 | $42,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bankunited, FSB's 2004 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 Bankunited, FSB'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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