Brookfield Home Loans Mortgage Lending & HMDA Data, 2007
In 2007, Brookfield Home Loans of Edina, MN reported 126 mortgage applications totaling $21.7 million. The average application was for $172,515, and applicants reported an average income of $66,063. 37% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (35), Duluth, MN-WI (7) and Milwaukee-Waukesha-West Allis, WI (7) (applications in parentheses).
| Mortgage Company & Address | Brookfield Home Loans 7601 France Ave S Edina, MN 55435 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 |
| Total Number of Mortgage Applications | 126 |
| Total Mortgage Loan Application Amount | $21,737,000 |
| Average Mortgage Loan Application Amount | $172,515 |
| Highest Mortgage Loan Application Amount | $347,000 |
| Average Applicant Income | $66,063 |
| Highest Applicant Income | $150,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Brookfield Home Loans filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 35 | $ 7,150,000 | $ 204,285 | $ 67,000 |
| Duluth, MN-WI | 7 | $ 769,000 | $ 109,857 | $ 51,857 |
| Milwaukee-Waukesha-West Allis, WI | 7 | $ 1,238,000 | $ 176,857 | $ 81,000 |
| Port St. Lucie, FL | 5 | $ 856,000 | $ 171,200 | $ 69,000 |
| Detroit-Livonia-Dearborn, MI | 4 | $ 742,000 | $ 185,500 | $ 82,000 |
| Appleton, WI | 3 | $ 488,000 | $ 162,666 | $ 55,000 |
| Orlando-Kissimmee, FL | 3 | $ 602,000 | $ 200,666 | $ 56,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 476,000 | $ 158,666 | $ 55,000 |
| Rochester, MN | 3 | $ 462,000 | $ 154,000 | $ 69,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 470,000 | $ 156,666 | $ 96,000 |
| Eau Claire, WI | 2 | $ 320,000 | $ 160,000 | $ 75,000 |
| Green Bay, WI | 2 | $ 308,000 | $ 154,000 | $ 66,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 322,000 | $ 161,000 | $ 47,000 |
| Lakeland, FL | 2 | $ 260,000 | $ 130,000 | $ 70,000 |
| Ocala, FL | 2 | $ 297,000 | $ 148,500 | $ 74,000 |
| St. Cloud, MN | 2 | $ 388,000 | $ 194,000 | $ 64,000 |
| Warren-Troy-Farmington Hills, MI | 2 | $ 372,000 | $ 186,000 | $ 75,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 665,000 | $ 332,500 | $ 73,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 174,000 | $ 174,000 | $ 77,000 |
| Fond Du Lac, WI | 1 | $ 142,000 | $ 142,000 | $ 69,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 223,000 | $ 223,000 | $ 79,000 |
| Gainesville, FL | 1 | $ 208,000 | $ 208,000 | $ 58,000 |
| Jacksonville, FL | 1 | $ 163,000 | $ 163,000 | $ 57,000 |
| Janesville, WI | 1 | $ 159,000 | $ 159,000 | $ 120,000 |
| Madison, WI | 1 | $ 153,000 | $ 153,000 | $ 50,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 152,000 | $ 152,000 | $ 37,000 |
| Oshkosh-Neenah, WI | 1 | $ 125,000 | $ 125,000 | $ 55,000 |
| Punta Gorda, FL | 1 | $ 174,000 | $ 174,000 | $ 42,000 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 251,000 | $ 251,000 | $ 146,000 |
| Sheboygan, WI | 1 | $ 119,000 | $ 119,000 | $ 35,000 |
| Wausau, WI | 1 | $ 173,000 | $ 173,000 | $ 49,000 |
Mortgage Loan Application Detail Totals for Brookfield Home Loans in 2007
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 | 124 | $21,399,000 | $172,000 | $347,000 | $66,000 | $150,000 |
| Home Purchase | 2 | $338,000 | $169,000 | $206,000 | $70,000 | $73,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Not Provided | 75 | $12,771,000 | $170,000 | $347,000 | $64,000 | $137,000 |
| White | 46 | $8,010,000 | $174,000 | $318,000 | $67,000 | $146,000 |
| Black or African American | 3 | $528,000 | $176,000 | $231,000 | $85,000 | $150,000 |
| Hispanic | 2 | $428,000 | $214,000 | $262,000 | $64,000 | $77,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 126 | $21,737,000 | $172,000 | $347,000 | $66,000 | $150,000 |
| 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 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 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 | 57 | $9,431,000 | $165,000 | $318,000 | $64,000 | $150,000 |
| Loan Originated | 46 | $7,829,000 | $170,000 | $278,000 | $66,000 | $146,000 |
| Application Denied By Financial Institution | 18 | $3,321,000 | $184,000 | $256,000 | $67,000 | $137,000 |
| Application Approved But Not Accepted | 5 | $1,156,000 | $231,000 | $347,000 | $81,000 | $110,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 6 | $1,306,000 | $217,000 | $256,000 | $59,000 | $67,000 |
| Collateral | 5 | $889,000 | $177,000 | $249,000 | $80,000 | $137,000 |
| Credit History | 4 | $526,000 | $131,000 | $160,000 | $66,000 | $109,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $248,000 | $248,000 | $248,000 | $86,000 | $86,000 |
| Other | 1 | $199,000 | $199,000 | $199,000 | $44,000 | $44,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Brookfield Home Loans's 2007 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 Brookfield Home Loans'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 Minnesota, download the full spreadsheet
with aggregated HMDA statistics today.
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