Continental Home Loans Inc. Mortgage Lending & HMDA Data, 2011
In 2011, Continental Home Loans Inc. of Melville, NY reported 3,541 mortgage applications totaling $1.0 billion, down 19% from 2010. The average application was for $294,349, and applicants reported an average income of $108,056. 82% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Nassau-Suffolk, NY (2,162), New York-White Plains-Wayne, NY-NJ (915) and Albany-Schenectady-Troy, NY (80) (applications in parentheses).
| Mortgage Company & Address | Continental Home Loans Inc. 175 Pinelawn Road, Suite 303 Melville, NY 11747 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 3,541 |
| Total Mortgage Loan Application Amount | $1,042,292,000 |
| Average Mortgage Loan Application Amount | $294,349 |
| Highest Mortgage Loan Application Amount | $1,170,000 |
| Average Applicant Income | $108,056 |
| Highest Applicant Income | $2,475,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Continental Home Loans Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Nassau-Suffolk, NY | 2,162 | $ 636,239,000 | $ 294,282 | $ 114,000 |
| New York-White Plains-Wayne, NY-NJ | 915 | $ 309,796,000 | $ 338,574 | $ 104,396 |
| Albany-Schenectady-Troy, NY | 80 | $ 13,596,000 | $ 169,950 | $ 79,000 |
| Peabody, MA | 47 | $ 7,885,000 | $ 167,765 | $ 51,000 |
| Newark-Union, NJ-PA | 44 | $ 11,132,000 | $ 253,000 | $ 83,454 |
| Poughkeepsie-Newburgh-Middletown, NY | 42 | $ 9,595,000 | $ 228,452 | $ 88,000 |
| Boston-Quincy, MA | 37 | $ 11,159,000 | $ 301,594 | $ 101,000 |
| Edison-New Brunswick, NJ | 30 | $ 8,219,000 | $ 273,966 | $ 100,000 |
| Camden, NJ | 27 | $ 4,662,000 | $ 172,666 | $ 86,000 |
| Bridgeport-Stamford-Norwalk, CT | 11 | $ 3,147,000 | $ 286,090 | $ 190,000 |
| Glens Falls, NY | 11 | $ 1,786,000 | $ 162,363 | $ 68,000 |
| Cambridge-Newton-Framingham, MA | 10 | $ 2,254,000 | $ 225,400 | $ 60,000 |
| Rochester, NY | 7 | $ 1,150,000 | $ 164,285 | $ 109,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 6 | $ 995,000 | $ 165,833 | $ 80,000 |
| Kingston, NY | 6 | $ 1,173,000 | $ 195,500 | $ 78,000 |
| Philadelphia, PA | 6 | $ 1,408,000 | $ 234,666 | $ 69,000 |
| Buffalo-Niagara Falls, NY | 5 | $ 991,000 | $ 198,200 | $ 105,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 854,000 | $ 170,800 | $ 75,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 5 | $ 919,000 | $ 183,800 | $ 99,000 |
| Utica-Rome, NY | 4 | $ 521,000 | $ 130,250 | $ 74,000 |
| Wilmington, DE-MD-NJ | 4 | $ 583,000 | $ 145,750 | $ 61,000 |
| Atlantic City-Hammonton, NJ | 3 | $ 718,000 | $ 239,333 | $ 92,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 787,000 | $ 262,333 | $ 306,000 |
| Oakland-Fremont-Hayward, CA | 3 | $ 692,000 | $ 230,666 | $ 94,000 |
| Ocala, FL | 3 | $ 707,000 | $ 235,666 | $ 99,000 |
| Ocean City, NJ | 3 | $ 739,000 | $ 246,333 | $ 110,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 457,000 | $ 152,333 | $ 96,000 |
| Worcester, MA | 3 | $ 712,000 | $ 237,333 | $ 102,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 723,000 | $ 361,500 | $ 224,000 |
| Lakeland-Winter Haven, FL | 2 | $ 186,000 | $ 93,000 | $ 82,000 |
| New Haven-Milford, CT | 2 | $ 322,000 | $ 161,000 | $ 50,000 |
| Syracuse, NY | 2 | $ 185,000 | $ 92,500 | $ 44,000 |
| Vineland-Millville-Bridgeton, NJ | 2 | $ 470,000 | $ 235,000 | $ 85,000 |
| Binghamton, NY | 1 | $ 120,000 | $ 120,000 | $ 53,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 50,000 | $ 50,000 | $ 47,000 |
| Dover, DE | 1 | $ 274,000 | $ 274,000 | $ 80,000 |
| Jacksonville, FL | 1 | $ 79,000 | $ 79,000 | $ 39,000 |
| Johnstown, PA | 1 | $ 104,000 | $ 104,000 | $ 69,000 |
| Lancaster, PA | 1 | $ 204,000 | $ 204,000 | $ 70,000 |
| North Port-Bradenton-Sarasota, FL | 1 | $ 155,000 | $ 155,000 | $ 82,000 |
| Palm Coast, FL | 1 | $ 83,000 | $ 83,000 | $ 139,000 |
| Pittsburgh, PA | 1 | $ 321,000 | $ 321,000 | $ 100,000 |
| Port St. Lucie, FL | 1 | $ 315,000 | $ 315,000 | $ 95,000 |
| Reading, PA | 1 | $ 158,000 | $ 158,000 | $ 90,000 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 101,000 | $ 101,000 | $ 83,000 |
| Scranton--Wilkes-Barre, PA | 1 | $ 144,000 | $ 144,000 | $ 85,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 249,000 | $ 249,000 | $ 83,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 281,000 | $ 281,000 | $ 75,000 |
| Wilmington, NC | 1 | $ 125,000 | $ 125,000 | $ 114,000 |
| York-Hanover, PA | 1 | $ 179,000 | $ 179,000 | $ 82,000 |
Mortgage Loan Application Detail Totals for Continental Home Loans Inc. in 2011
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 | 2,743 | $804,559,000 | $293,000 | $872,000 | $104,000 | $2,475,000 |
| Refinancing | 798 | $237,733,000 | $297,000 | $1,170,000 | $122,000 | $1,464,000 |
| 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 | 2,143 | $630,302,000 | $294,000 | $1,170,000 | $118,000 | $2,475,000 |
| Black or African American | 528 | $163,717,000 | $310,000 | $661,000 | $88,000 | $241,000 |
| Hispanic | 498 | $131,930,000 | $264,000 | $632,000 | $83,000 | $267,000 |
| Not Provided | 247 | $76,656,000 | $310,000 | $774,000 | $114,000 | $665,000 |
| Asian | 107 | $34,333,000 | $320,000 | $713,000 | $107,000 | $263,000 |
| Native Hawaiian or Other Pacific Islander | 14 | $4,211,000 | $300,000 | $863,000 | $84,000 | $162,000 |
| American Indian or Alaskan Native | 4 | $1,143,000 | $285,000 | $402,000 | $102,000 | $170,000 |
| 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) | 1,906 | $570,771,000 | $299,000 | $872,000 | $94,000 | $695,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,506 | $428,936,000 | $284,000 | $1,170,000 | $127,000 | $2,475,000 |
| VA-guaranteed (Veterans Administration) | 126 | $41,745,000 | $331,000 | $730,000 | $95,000 | $490,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $840,000 | $280,000 | $381,000 | $117,000 | $190,000 |
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 | 2,920 | $866,546,000 | $296,000 | $872,000 | $109,000 | $2,475,000 |
| Application Withdrawn By Applicant | 403 | $117,631,000 | $291,000 | $1,170,000 | $112,000 | $1,464,000 |
| Application Denied By Financial Institution | 213 | $56,511,000 | $265,000 | $720,000 | $93,000 | $470,000 |
| File Closed For Incompleteness | 5 | $1,604,000 | $320,000 | $487,000 | $107,000 | $197,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 63 | $16,047,000 | $254,000 | $509,000 | $77,000 | $329,000 |
| Collateral | 59 | $16,925,000 | $286,000 | $720,000 | $105,000 | $300,000 |
| Other | 31 | $7,842,000 | $252,000 | $648,000 | $101,000 | $470,000 |
| Credit History | 22 | $5,249,000 | $238,000 | $502,000 | $98,000 | $211,000 |
| Employment History | 17 | $4,634,000 | $272,000 | $491,000 | $88,000 | $198,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 13 | $3,668,000 | $282,000 | $595,000 | $106,000 | $250,000 |
| Unverifiable Information | 7 | $1,874,000 | $267,000 | $409,000 | $79,000 | $128,000 |
| Mortgage Insurance Denied | 1 | $272,000 | $272,000 | $272,000 | $109,000 | $109,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Continental Home Loans Inc.'s 2011 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 Continental Home Loans Inc.'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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