Cambridge Home Capital, LLC Mortgage Lending & HMDA Data, 2004
In 2004, Cambridge Home Capital, LLC of Great Neck, NY reported 772 mortgage applications totaling $196.2 million, down 15% from 2003. The average application was for $254,090, and applicants reported an average income of $82,243. 70% of its applications resulted in an originated loan and 5% were denied. Its largest markets were New York-Wayne-White Plains, NY-NJ (588), Nassau-Suffolk, NY (125) and Santa Ana-Anaheim-Irvine, CA (19) (applications in parentheses).
| Mortgage Company & Address | Cambridge Home Capital, LLC 80 Cuttermill Road Suite 408 Great Neck, NY 11021 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 772 |
| Total Mortgage Loan Application Amount | $196,158,000 |
| Average Mortgage Loan Application Amount | $254,090 |
| Highest Mortgage Loan Application Amount | $1,160,000 |
| Average Applicant Income | $82,243 |
| Highest Applicant Income | $687,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cambridge Home Capital, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New York-Wayne-White Plains, NY-NJ | 588 | $ 152,522,000 | $ 259,391 | $ 74,000 |
| Nassau-Suffolk, NY | 125 | $ 28,265,000 | $ 226,120 | $ 83,000 |
| Santa Ana-Anaheim-Irvine, CA | 19 | $ 6,605,000 | $ 347,631 | $ 135,000 |
| Los Angeles-Long Beach-Glendale, CA | 5 | $ 1,510,000 | $ 302,000 | $ 178,000 |
| Riverside-San Bernardino-Ontario, CA | 4 | $ 454,000 | $ 113,500 | $ 226,000 |
| Bridgeport-Stamford-Norwalk, CT | 3 | $ 652,000 | $ 217,333 | $ 55,000 |
| New Haven-Milford, CT | 3 | $ 464,000 | $ 154,666 | $ 72,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 3 | $ 917,000 | $ 305,666 | $ 160,000 |
| Modesto, CA | 2 | $ 221,000 | $ 110,500 | $ 96,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 147,000 | $ 147,000 | $ 42,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 125,000 | $ 125,000 | $ 132,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 440,000 | $ 440,000 | $ 114,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 110,000 | $ 110,000 | $ 121,000 |
| Syracuse, NY | 1 | $ 151,000 | $ 151,000 | $ 71,000 |
Mortgage Loan Application Detail Totals for Cambridge Home Capital, LLC 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 653 | $164,580,000 | $240,333 | $1,000,000 | $107,333 | $687,000 |
| Refinancing | 119 | $31,578,000 | $275,500 | $1,160,000 | $96,500 | $480,000 |
| 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 |
|---|---|---|---|---|---|---|
| Black or African American | 380 | $94,246,000 | $223,666 | $567,000 | $100,666 | $325,000 |
| White | 212 | $56,721,000 | $232,333 | $1,160,000 | $97,666 | $687,000 |
| Hispanic | 162 | $39,667,000 | $240,000 | $606,000 | $88,666 | $199,000 |
| Asian | 5 | $879,000 | $184,500 | $314,000 | $79,500 | $159,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,307,000 | $326,000 | $499,000 | $76,000 | $112,000 |
| Not applicable | 3 | $1,043,000 | $347,000 | $376,000 | $98,000 | $163,000 |
| Not Provided | 3 | $1,398,000 | $436,500 | $600,000 | $116,500 | $250,000 |
| American Indian or Alaskan Native | 3 | $897,000 | $299,000 | $676,000 | $128,000 | $161,000 |
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) | 615 | $148,688,000 | $222,666 | $1,160,000 | $100,333 | $687,000 |
| FHA-insured (Federal Housing Administration) | 157 | $47,470,000 | $249,500 | $567,000 | $66,500 | $164,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 538 | $134,873,000 | $235,666 | $1,000,000 | $101,666 | $687,000 |
| Application Withdrawn By Applicant | 188 | $48,460,000 | $261,000 | $1,160,000 | $76,000 | $319,000 |
| Application Denied By Financial Institution | 42 | $11,787,000 | $214,333 | $564,000 | $103,333 | $180,000 |
| File Closed For Incompleteness | 4 | $1,038,000 | $259,000 | $435,000 | $65,000 | $107,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 11 | $3,146,000 | $217,500 | $503,000 | $82,000 | $150,000 |
| Other | 10 | $2,398,000 | $239,000 | $427,000 | $42,000 | $92,000 |
| Unverifiable Information | 6 | $1,718,000 | $286,000 | $436,000 | $101,000 | $171,000 |
| Credit History | 5 | $925,000 | $178,000 | $330,000 | $130,000 | $180,000 |
| Credit Application Incomplete | 3 | $1,006,000 | $335,000 | $564,000 | $71,000 | $142,000 |
| Employment History | 3 | $1,006,000 | $335,000 | $387,000 | $44,000 | $82,000 |
| Debt-To-Income Ratio | 2 | $913,000 | $456,500 | $463,000 | $134,000 | $146,000 |
| Mortgage Insurance Denied | 1 | $322,000 | $322,000 | $322,000 | $63,000 | $63,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cambridge Home Capital, LLC'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 Cambridge Home Capital, LLC'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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