Cooperativa A/C Caribe Coop. Mortgage Lending & HMDA Data, 2006
In 2006, Cooperativa A/C Caribe Coop. of Guayanilla, PR reported 164 mortgage applications totaling $18.9 million. The average application was for $115,018, and applicants reported an average income of $60,780. 93% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Ponce, PR (95), Yauco, PR (34) and San Juan-Caguas-Guaynabo, PR (13) (applications in parentheses).
| Mortgage Company & Address | Cooperativa A/C Caribe Coop. P.O. Box 560547 Guayanilla, PR 00656 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2006 |
| Total Number of Mortgage Applications | 164 |
| Total Mortgage Loan Application Amount | $18,863,000 |
| Average Mortgage Loan Application Amount | $115,018 |
| Highest Mortgage Loan Application Amount | $344,000 |
| Average Applicant Income | $60,780 |
| Highest Applicant Income | $208,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cooperativa A/C Caribe Coop. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Ponce, PR | 95 | $ 10,515,000 | $ 110,684 | $ 60,000 |
| Yauco, PR | 34 | $ 3,256,000 | $ 95,764 | $ 43,000 |
| San Juan-Caguas-Guaynabo, PR | 13 | $ 2,341,000 | $ 180,076 | $ 81,000 |
| San German-Cabo Rojo, PR | 10 | $ 1,239,000 | $ 123,900 | $ 88,000 |
| Aguadilla-Isabela-San Sebastian, PR | 1 | $ 70,000 | $ 70,000 | $ 30,000 |
| Guayama, PR | 1 | $ 150,000 | $ 150,000 | $ 76,000 |
| Mayaguez, PR | 1 | $ 180,000 | $ 180,000 | $ 93,000 |
Mortgage Loan Application Detail Totals for Cooperativa A/C Caribe Coop. 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 |
|---|---|---|---|---|---|---|
| Refinancing | 83 | $9,421,000 | $113,000 | $300,000 | $60,000 | $183,000 |
| Home Purchase | 80 | $9,386,000 | $117,000 | $344,000 | $62,000 | $208,000 |
| Home Improvement | 1 | $56,000 | $56,000 | $56,000 | $28,000 | $28,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 162 | $18,566,000 | $114,000 | $344,000 | $61,000 | $208,000 |
| Not Provided | 1 | $250,000 | $250,000 | $250,000 | $120,000 | $120,000 |
| White | 1 | $47,000 | $47,000 | $47,000 | $31,000 | $31,000 |
| 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 |
| Black or African American | 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) | 164 | $18,863,000 | $115,000 | $344,000 | $61,000 | $208,000 |
| 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 | 153 | $17,651,000 | $115,000 | $344,000 | $62,000 | $208,000 |
| Application Withdrawn By Applicant | 6 | $780,000 | $130,000 | $250,000 | $46,000 | $120,000 |
| Application Denied By Financial Institution | 3 | $312,000 | $104,000 | $185,000 | $65,000 | $143,000 |
| Application Approved But Not Accepted | 2 | $120,000 | $60,000 | $90,000 | $32,000 | $43,000 |
| 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 | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cooperativa A/C Caribe Coop.'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 Cooperativa A/C Caribe Coop.'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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