Bear Stearns Residential Mortg Mortgage Lending & HMDA Data, 2006
In 2006, Bear Stearns Residential Mortg of Scottsdale, AZ reported 34,758 mortgage applications totaling $8.1 billion. The average application was for $232,384, and applicants reported an average income of $100,576. 57% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (3,530), Phoenix-Mesa-Scottsdale, AZ (3,416) and Riverside-San Bernardino-Ontario, CA (2,969) (applications in parentheses).
| Mortgage Company & Address | Bear Stearns Residential Mortg 9201 E. Mountain View Rd, Ste 210 Scottsdale, AZ 85258 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 |
| Total Number of Mortgage Applications | 34,758 |
| Total Mortgage Loan Application Amount | $8,077,226,000 |
| Average Mortgage Loan Application Amount | $232,384 |
| Highest Mortgage Loan Application Amount | $4,500,000 |
| Average Applicant Income | $100,576 |
| Highest Applicant Income | $8,644,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bear Stearns Residential Mortg filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bear Stearns Residential Mortg 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 | 21,393 | $4,716,030,000 | $220,000 | $2,599,000 | $99,000 | $3,941,000 |
| Refinancing | 13,314 | $3,356,641,000 | $252,000 | $4,500,000 | $103,000 | $8,644,000 |
| Home Improvement | 51 | $4,555,000 | $89,000 | $611,000 | $129,000 | $885,000 |
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 | 13,724 | $3,187,684,000 | $232,000 | $4,500,000 | $115,000 | $8,644,000 |
| Hispanic | 10,166 | $2,297,916,000 | $226,000 | $2,000,000 | $83,000 | $2,400,000 |
| Not Provided | 3,757 | $897,463,000 | $238,000 | $4,250,000 | $95,000 | $1,800,000 |
| Black or African American | 3,659 | $760,137,000 | $207,000 | $2,000,000 | $95,000 | $2,225,000 |
| Asian | 2,952 | $805,253,000 | $272,000 | $2,438,000 | $108,000 | $840,000 |
| Native Hawaiian or Other Pacific Islander | 416 | $105,699,000 | $254,000 | $1,996,000 | $93,000 | $1,200,000 |
| American Indian or Alaskan Native | 84 | $23,074,000 | $274,000 | $1,268,000 | $125,000 | $1,934,000 |
| Not applicable | 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) | 34,758 | $8,077,226,000 | $232,000 | $4,500,000 | $101,000 | $8,644,000 |
| 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 | 19,715 | $4,372,980,000 | $221,000 | $4,500,000 | $93,000 | $8,644,000 |
| Application Withdrawn By Applicant | 8,722 | $2,107,147,000 | $241,000 | $2,000,000 | $107,000 | $3,406,000 |
| Loan Purchased By The Institution | 3,448 | $881,870,000 | $255,000 | $1,568,000 | $110,000 | $3,941,000 |
| Application Denied By Financial Institution | 2,873 | $715,229,000 | $248,000 | $3,000,000 | $122,000 | $1,934,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Other | 305 | $84,885,000 | $278,000 | $2,000,000 | $143,000 | $826,000 |
| Collateral | 250 | $58,654,000 | $234,000 | $1,750,000 | $128,000 | $780,000 |
| Debt-To-Income Ratio | 152 | $35,896,000 | $236,000 | $874,000 | $124,000 | $360,000 |
| Unverifiable Information | 139 | $37,778,000 | $271,000 | $1,495,000 | $118,000 | $720,000 |
| Employment History | 93 | $19,250,000 | $206,000 | $1,000,000 | $110,000 | $466,000 |
| Credit History | 84 | $23,702,000 | $282,000 | $3,000,000 | $99,000 | $984,000 |
| Credit Application Incomplete | 25 | $5,309,000 | $212,000 | $545,000 | $126,000 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 15 | $2,577,000 | $171,000 | $452,000 | $108,000 | $267,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Bear Stearns Residential Mortg'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 Bear Stearns Residential Mortg'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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