Cambridge Home Capital, LLC Mortgage Lending & HMDA Data, 2007
In 2007, Cambridge Home Capital, LLC of Great Neck, NY reported 983 mortgage applications totaling $296.9 million, up 146% from 2006. The average application was for $301,997, and applicants reported an average income of $97,086. 58% of its applications resulted in an originated loan and 5% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (435), Nassau-Suffolk, NY (98) and Newark-Union, NJ-PA (52) (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 | 983 |
| Total Mortgage Loan Application Amount | $296,864,000 |
| Average Mortgage Loan Application Amount | $301,997 |
| Highest Mortgage Loan Application Amount | $2,860,000 |
| Average Applicant Income | $97,086 |
| Highest Applicant Income | $1,583,000 |
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records Cambridge Home Capital, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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-White Plains-Wayne, NY-NJ | 435 | $ 158,839,000 | $ 365,147 | $ 105,195 |
| Nassau-Suffolk, NY | 98 | $ 37,149,000 | $ 379,071 | $ 163,000 |
| Newark-Union, NJ-PA | 52 | $ 14,166,000 | $ 272,423 | $ 91,000 |
| Camden, NJ | 38 | $ 8,481,000 | $ 223,184 | $ 81,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 36 | $ 9,240,000 | $ 256,666 | $ 92,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 36 | $ 10,163,000 | $ 282,305 | $ 71,500 |
| New Haven-Milford, CT | 35 | $ 7,707,000 | $ 220,200 | $ 70,000 |
| Baltimore-Towson, MD | 33 | $ 7,073,000 | $ 214,333 | $ 70,000 |
| Edison, NJ | 33 | $ 8,790,000 | $ 266,363 | $ 71,000 |
| Albany-Schenectady-Troy, NY | 18 | $ 3,218,000 | $ 178,777 | $ 66,000 |
| Hartford-West Hartford-East Hartford, CT | 16 | $ 3,043,000 | $ 190,187 | $ 56,000 |
| Trenton-Ewing, NJ | 14 | $ 3,107,000 | $ 221,928 | $ 78,000 |
| Buffalo-Niagara Falls, NY | 12 | $ 1,985,000 | $ 165,416 | $ 96,000 |
| Bridgeport-Stamford-Norwalk, CT | 11 | $ 3,185,000 | $ 289,545 | $ 84,000 |
| Wilmington, DE-MD-NJ | 11 | $ 2,423,000 | $ 220,272 | $ 88,818 |
| Rochester, NY | 7 | $ 799,000 | $ 114,142 | $ 49,000 |
| Atlantic City, NJ | 6 | $ 1,178,000 | $ 196,333 | $ 63,000 |
| Syracuse, NY | 6 | $ 774,000 | $ 129,000 | $ 57,000 |
| Norwich-New London, CT | 5 | $ 1,345,000 | $ 269,000 | $ 74,000 |
| Vineland-Millville-Bridgeton, NJ | 5 | $ 723,000 | $ 144,600 | $ 43,000 |
| Utica-Rome, NY | 4 | $ 667,000 | $ 166,750 | $ 83,000 |
| Bethesda-Gaithersburg-Frederick, MD | 3 | $ 732,000 | $ 244,000 | $ 77,000 |
| Binghamton, NY | 3 | $ 452,000 | $ 150,666 | $ 71,000 |
| Kingston, NY | 3 | $ 503,000 | $ 167,666 | $ 63,000 |
| Ocean City, NJ | 3 | $ 709,000 | $ 236,333 | $ 100,000 |
| Salisbury, MD | 3 | $ 685,000 | $ 228,333 | $ 88,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 597,000 | $ 199,000 | $ 74,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 2 | $ 455,000 | $ 227,500 | $ 75,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 261,000 | $ 130,500 | $ 91,000 |
| Hagerstown-Martinsburg, MD-WV | 2 | $ 332,000 | $ 166,000 | $ 61,000 |
| Jacksonville, FL | 2 | $ 472,000 | $ 236,000 | $ 72,000 |
| Sarasota-Bradenton-Venice, FL | 2 | $ 385,000 | $ 192,500 | $ 51,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 312,000 | $ 156,000 | $ 76,000 |
| Bakersfield, CA | 1 | $ 231,000 | $ 231,000 | $ 107,000 |
| Cumberland, MD-WV | 1 | $ 213,000 | $ 213,000 | $ 45,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 234,000 | $ 234,000 | $ 77,000 |
| Glens Falls, NY | 1 | $ 164,000 | $ 164,000 | $ 57,000 |
| Lakeland, FL | 1 | $ 127,000 | $ 127,000 | $ 30,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 260,000 | $ 260,000 | $ 67,000 |
| Orlando-Kissimmee, FL | 1 | $ 273,000 | $ 273,000 | $ 54,000 |
| Panama City-Lynn Haven, FL | 1 | $ 147,000 | $ 147,000 | $ 67,000 |
| Tallahassee, FL | 1 | $ 109,000 | $ 109,000 | $ 36,000 |
Mortgage Loan Application Detail Totals for Cambridge Home Capital, LLC 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 536 | $171,360,000 | $319,000 | $1,256,000 | $108,000 | $1,583,000 |
| Refinancing | 447 | $125,504,000 | $280,000 | $2,860,000 | $84,000 | $720,000 |
| 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 |
|---|---|---|---|---|---|---|
| White | 467 | $126,377,000 | $270,000 | $2,860,000 | $104,000 | $1,583,000 |
| Black or African American | 393 | $129,873,000 | $330,000 | $1,400,000 | $93,000 | $384,000 |
| Hispanic | 100 | $34,186,000 | $341,000 | $707,000 | $86,000 | $223,000 |
| Not Provided | 9 | $2,078,000 | $230,000 | $367,000 | $79,000 | $125,000 |
| Asian | 9 | $2,644,000 | $293,000 | $680,000 | $114,000 | $180,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,100,000 | $366,000 | $369,000 | $109,000 | $145,000 |
| American Indian or Alaskan Native | 2 | $606,000 | $303,000 | $309,000 | $123,000 | $123,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 593 | $171,730,000 | $289,000 | $707,000 | $79,000 | $260,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 390 | $125,134,000 | $320,000 | $2,860,000 | $125,000 | $1,583,000 |
| 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 | 570 | $177,538,000 | $311,000 | $2,860,000 | $106,000 | $1,583,000 |
| Application Withdrawn By Applicant | 358 | $103,396,000 | $288,000 | $1,200,000 | $86,000 | $395,000 |
| Application Denied By Financial Institution | 47 | $13,630,000 | $290,000 | $555,000 | $80,000 | $341,000 |
| Application Approved But Not Accepted | 8 | $2,300,000 | $287,000 | $569,000 | $96,000 | $139,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 11 | $3,406,000 | $309,000 | $468,000 | $70,000 | $125,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $3,091,000 | $281,000 | $555,000 | $68,000 | $134,000 |
| Credit History | 10 | $2,850,000 | $285,000 | $490,000 | $91,000 | $128,000 |
| Debt-To-Income Ratio | 7 | $1,874,000 | $267,000 | $520,000 | $66,000 | $112,000 |
| Credit Application Incomplete | 3 | $1,089,000 | $363,000 | $383,000 | $109,000 | $119,000 |
| Other | 2 | $585,000 | $292,000 | $467,000 | $58,000 | $116,000 |
| Unverifiable Information | 1 | $334,000 | $334,000 | $334,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cambridge Home Capital, LLC'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 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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