Bankunited Mortgage Lending & HMDA Data, 2010
In 2010, Bankunited of Miami Lakes, FL reported 600 mortgage applications totaling $216.5 million. The average application was for $360,898, and applicants reported an average income of $97,996. 23% of its applications resulted in an originated loan and 42% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (190), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (143) and West Palm Beach-Boca Raton-Boynton Beach, FL (74) (applications in parentheses).
| Mortgage Company & Address | Bankunited 7815 Nw 148th St Miami Lakes, FL 33016 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 |
| Total Number of Mortgage Applications | 600 |
| Total Mortgage Loan Application Amount | $216,539,000 |
| Average Mortgage Loan Application Amount | $360,898 |
| Highest Mortgage Loan Application Amount | $12,574,000 |
| Average Applicant Income | $97,996 |
| Highest Applicant Income | $3,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bankunited filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Miami-Miami Beach-Kendall, FL | 190 | $ 72,078,000 | $ 379,357 | $ 127,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 143 | $ 38,114,000 | $ 266,531 | $ 110,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 74 | $ 14,717,000 | $ 198,878 | $ 121,000 |
| Tampa-St. Petersburg-Clearwater, FL | 23 | $ 4,162,000 | $ 180,956 | $ 73,000 |
| Phoenix-Mesa-Glendale, AZ | 21 | $ 17,809,000 | $ 848,047 | $ 0 |
| North Port-Bradenton-Sarasota, FL | 18 | $ 3,736,000 | $ 207,555 | $ 105,000 |
| Port St. Lucie, FL | 15 | $ 2,215,000 | $ 147,666 | $ 61,000 |
| Cape Coral-Fort Myers, FL | 11 | $ 3,280,000 | $ 298,181 | $ 116,000 |
| Milwaukee-Waukesha-West Allis, WI | 9 | $ 6,644,000 | $ 738,222 | $ 0 |
| New York-White Plains-Wayne, NY-NJ | 6 | $ 5,873,000 | $ 978,833 | $ 0 |
| Sebastian-Vero Beach, FL | 6 | $ 611,000 | $ 101,833 | $ 107,000 |
| Naples-Marco Island, FL | 5 | $ 674,000 | $ 134,800 | $ 60,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 616,000 | $ 123,200 | $ 38,000 |
| Punta Gorda, FL | 5 | $ 1,315,000 | $ 263,000 | $ 69,000 |
| Lakeland-Winter Haven, FL | 4 | $ 1,061,000 | $ 265,250 | $ 104,000 |
| Newark-Union, NJ-PA | 4 | $ 1,705,000 | $ 426,250 | $ 0 |
| San Diego-Carlsbad-San Marcos, CA | 4 | $ 3,712,000 | $ 928,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 360,000 | $ 120,000 | $ 91,000 |
| Madison, WI | 3 | $ 2,018,000 | $ 672,666 | $ 0 |
| Nassau-Suffolk, NY | 3 | $ 1,221,000 | $ 407,000 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 3 | $ 2,538,000 | $ 846,000 | $ 0 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 3,975,000 | $ 1,325,000 | $ 0 |
| Appleton, WI | 2 | $ 1,369,000 | $ 684,500 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 2,376,000 | $ 1,188,000 | $ 0 |
| Chicago-Joliet-Naperville, IL | 2 | $ 1,155,000 | $ 577,500 | $ 0 |
| Jacksonville, FL | 2 | $ 1,147,000 | $ 573,500 | $ 37,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 1,150,000 | $ 575,000 | $ 0 |
| Palm Coast, FL | 2 | $ 135,000 | $ 67,500 | $ 91,000 |
| Philadelphia, PA | 2 | $ 830,000 | $ 415,000 | $ 0 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 297,000 | $ 297,000 | $ 0 |
| Baltimore-Towson, MD | 1 | $ 1,173,000 | $ 1,173,000 | $ 0 |
| Boston-Quincy, MA | 1 | $ 391,000 | $ 391,000 | $ 0 |
| Indianapolis-Carmel, IN | 1 | $ 427,000 | $ 427,000 | $ 0 |
| Iowa City, IA | 1 | $ 383,000 | $ 383,000 | $ 0 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 1,011,000 | $ 1,011,000 | $ 0 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 375,000 | $ 375,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 50,000 | $ 50,000 | $ 63,000 |
| Peabody, MA | 1 | $ 273,000 | $ 273,000 | $ 0 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 350,000 | $ 350,000 | $ 0 |
| Raleigh-Cary, NC | 1 | $ 406,000 | $ 406,000 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 717,000 | $ 717,000 | $ 0 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 679,000 | $ 679,000 | $ 0 |
| Savannah, GA | 1 | $ 830,000 | $ 830,000 | $ 0 |
| Worcester, MA | 1 | $ 373,000 | $ 373,000 | $ 0 |
Mortgage Loan Application Detail Totals for Bankunited 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 | 408 | $144,541,000 | $354,000 | $7,550,000 | $100,000 | $3,000,000 |
| Home Purchase | 185 | $59,050,000 | $319,000 | $2,405,000 | $96,000 | $1,121,000 |
| Home Improvement | 7 | $12,948,000 | $1,849,000 | $12,574,000 | $34,000 | $103,000 |
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 | 324 | $105,597,000 | $325,000 | $2,000,000 | $102,000 | $1,317,000 |
| Hispanic | 156 | $32,201,000 | $206,000 | $2,405,000 | $100,000 | $1,121,000 |
| Black or African American | 40 | $5,831,000 | $145,000 | $763,000 | $54,000 | $162,000 |
| Not applicable | 39 | $42,864,000 | $1,099,000 | $12,574,000 | $0 | $0 |
| Not Provided | 23 | $20,991,000 | $912,000 | $7,550,000 | $209,000 | $3,000,000 |
| Asian | 14 | $8,109,000 | $579,000 | $1,840,000 | $207,000 | $862,000 |
| American Indian or Alaskan Native | 2 | $228,000 | $114,000 | $161,000 | $44,000 | $54,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $718,000 | $359,000 | $390,000 | $58,000 | $64,000 |
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) | 568 | $213,399,000 | $375,000 | $12,574,000 | $101,000 | $3,000,000 |
| FHA-insured (Federal Housing Administration) | 32 | $3,140,000 | $98,000 | $326,000 | $36,000 | $76,000 |
| 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 | 250 | $59,824,000 | $239,000 | $7,550,000 | $105,000 | $3,000,000 |
| Loan Originated | 137 | $61,314,000 | $447,000 | $12,574,000 | $128,000 | $1,121,000 |
| Loan Purchased By The Institution | 123 | $73,818,000 | $600,000 | $3,248,000 | $9,000 | $55,000 |
| Application Approved But Not Accepted | 82 | $17,425,000 | $212,000 | $650,000 | $141,000 | $1,317,000 |
| Application Withdrawn By Applicant | 6 | $3,021,000 | $503,000 | $1,840,000 | $228,000 | $862,000 |
| File Closed For Incompleteness | 2 | $1,137,000 | $568,000 | $720,000 | $452,000 | $624,000 |
| 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 | 107 | $30,634,000 | $286,000 | $7,550,000 | $104,000 | $3,000,000 |
| Credit History | 87 | $17,600,000 | $202,000 | $1,000,000 | $103,000 | $747,000 |
| Collateral | 34 | $6,123,000 | $180,000 | $630,000 | $118,000 | $600,000 |
| Other | 12 | $1,250,000 | $104,000 | $230,000 | $69,000 | $169,000 |
| Credit Application Incomplete | 8 | $4,022,000 | $502,000 | $1,840,000 | $155,000 | $862,000 |
| Unverifiable Information | 1 | $102,000 | $102,000 | $102,000 | $53,000 | $53,000 |
| Employment History | 1 | $93,000 | $93,000 | $93,000 | $7,000 | $7,000 |
| 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 Bankunited'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 Bankunited'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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