Bayrock Mortgage Corporation Mortgage Lending & HMDA Data, 2005
In 2005, Bayrock Mortgage Corporation of Alpharetta, GA reported 12,075 mortgage applications totaling $1.8 billion. The average application was for $152,177, and applicants reported an average income of $84,439. 20% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (3,192), Orlando, FL (474) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (448) (applications in parentheses).
| Mortgage Company & Address | Bayrock Mortgage Corporation 11575 Great Oaks Way, Suite 300 Alpharetta, GA 30022 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 |
| Total Number of Mortgage Applications | 12,075 |
| Total Mortgage Loan Application Amount | $1,837,539,000 |
| Average Mortgage Loan Application Amount | $152,177 |
| Highest Mortgage Loan Application Amount | $6,000,000 |
| Average Applicant Income | $84,439 |
| Highest Applicant Income | $1,428,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bayrock Mortgage Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Bayrock Mortgage Corporation in 2005
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 | 6,166 | $863,792,000 | $165,350 | $6,000,000 | $93,125 | $1,428,000 |
| Refinancing | 5,812 | $969,502,000 | $182,270 | $5,200,000 | $80,324 | $1,020,000 |
| Home Improvement | 97 | $4,245,000 | $40,368 | $200,000 | $112,894 | $927,000 |
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 |
|---|---|---|---|---|---|---|
| Black or African American | 4,487 | $623,886,000 | $171,222 | $6,000,000 | $82,972 | $1,428,000 |
| White | 4,191 | $658,027,000 | $170,216 | $3,500,000 | $92,729 | $1,020,000 |
| Not Provided | 1,910 | $310,381,000 | $176,090 | $5,200,000 | $84,606 | $900,000 |
| Hispanic | 1,129 | $184,500,000 | $146,464 | $1,575,000 | $86,142 | $840,000 |
| Asian | 274 | $49,100,000 | $167,363 | $975,000 | $106,272 | $519,000 |
| American Indian or Alaskan Native | 44 | $5,484,000 | $126,727 | $333,000 | $71,454 | $346,000 |
| Native Hawaiian or Other Pacific Islander | 39 | $5,977,000 | $177,466 | $423,000 | $69,200 | $240,000 |
| Not applicable | 1 | $184,000 | $184,000 | $184,000 | $48,000 | $48,000 |
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) | 12,075 | $1,837,539,000 | $170,902 | $6,000,000 | $85,804 | $1,428,000 |
| 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 Withdrawn By Applicant | 4,209 | $649,135,000 | $177,833 | $5,200,000 | $84,722 | $999,000 |
| Application Denied By Financial Institution | 2,666 | $408,408,000 | $183,552 | $6,000,000 | $83,421 | $1,428,000 |
| Loan Purchased By The Institution | 2,630 | $408,187,000 | $169,454 | $3,500,000 | $97,666 | $1,020,000 |
| Loan Originated | 2,380 | $344,537,000 | $152,545 | $1,295,000 | $85,090 | $1,000,000 |
| Preapproval Denied by Financial Institution | 187 | $26,693,000 | $119,437 | $680,000 | $65,875 | $287,000 |
| File Closed For Incompleteness | 2 | $512,000 | $256,000 | $460,000 | $239,000 | $460,000 |
| Application Approved But Not Accepted | 1 | $67,000 | $67,000 | $67,000 | $66,000 | $66,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 1,932 | $290,956,000 | $190,631 | $6,000,000 | $88,421 | $964,000 |
| Debt-To-Income Ratio | 317 | $50,466,000 | $168,318 | $997,000 | $53,681 | $245,000 |
| Credit History | 256 | $41,497,000 | $160,346 | $960,000 | $71,269 | $505,000 |
| Collateral | 235 | $30,809,000 | $145,428 | $896,000 | $81,571 | $900,000 |
| Employment History | 77 | $11,413,000 | $157,937 | $600,000 | $67,250 | $188,000 |
| Unverifiable Information | 21 | $3,485,000 | $142,200 | $450,000 | $99,000 | $360,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $6,475,000 | $374,333 | $5,250,000 | $123,500 | $1,428,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bayrock Mortgage Corporation's 2005 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 Bayrock Mortgage 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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with aggregated HMDA statistics today.
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