Euro Mortgage Bankers, Inc. Mortgage Lending & HMDA Data, 2009
In 2009, Euro Mortgage Bankers, Inc. of Melville, NY reported 609 mortgage applications totaling $180.8 million, up 22% from 2008. The average application was for $296,832, and applicants reported an average income of $88,431. 96% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Nassau-Suffolk, NY (215), New York-White Plains-Wayne, NY-NJ (188) and Edison-New Brunswick, NJ (26) (applications in parentheses).
| Mortgage Company & Address | Euro Mortgage Bankers, Inc. 1 Huntington Quad Suite 1n16 Melville, NY 11747 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 |
| Total Number of Mortgage Applications | 609 |
| Total Mortgage Loan Application Amount | $180,771,000 |
| Average Mortgage Loan Application Amount | $296,832 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $88,431 |
| Highest Applicant Income | $3,757,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Euro Mortgage Bankers, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 215 | $ 67,100,000 | $ 312,093 | $ 96,000 |
| New York-White Plains-Wayne, NY-NJ | 188 | $ 67,685,000 | $ 360,026 | $ 90,829 |
| Edison-New Brunswick, NJ | 26 | $ 7,113,000 | $ 273,576 | $ 66,000 |
| Newark-Union, NJ-PA | 21 | $ 5,952,000 | $ 283,428 | $ 21,000 |
| Rochester, NY | 20 | $ 2,840,000 | $ 142,000 | $ 68,000 |
| Buffalo-Niagara Falls, NY | 17 | $ 1,984,000 | $ 116,705 | $ 51,000 |
| Albany-Schenectady-Troy, NY | 12 | $ 2,235,000 | $ 186,250 | $ 90,000 |
| Philadelphia, PA | 8 | $ 1,706,000 | $ 213,250 | $ 52,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 8 | $ 1,617,000 | $ 202,125 | $ 78,000 |
| Baltimore-Towson, MD | 7 | $ 1,809,000 | $ 258,428 | $ 44,000 |
| Scranton--Wilkes-Barre, PA | 7 | $ 775,000 | $ 110,714 | $ 56,000 |
| Camden, NJ | 6 | $ 1,603,000 | $ 267,166 | $ 32,000 |
| Bethesda-Frederick-Rockville, MD | 5 | $ 1,382,000 | $ 276,400 | $ 31,000 |
| Atlanta-Sandy Springs-Marietta, GA | 4 | $ 668,000 | $ 167,000 | $ 42,000 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 4,001,000 | $ 1,000,250 | $ 1,056,000 |
| Kingston, NY | 4 | $ 920,000 | $ 230,000 | $ 90,000 |
| New Haven-Milford, CT | 4 | $ 1,135,000 | $ 283,750 | $ 17,000 |
| Atlantic City-Hammonton, NJ | 3 | $ 938,000 | $ 312,666 | $ 262,000 |
| Florence, SC | 3 | $ 460,000 | $ 153,333 | $ 62,000 |
| Glens Falls, NY | 3 | $ 809,000 | $ 269,666 | $ 82,000 |
| Orlando-Kissimmee, FL | 3 | $ 724,000 | $ 241,333 | $ 146,000 |
| Charlotte-Gastonia-Concord, NC-SC | 2 | $ 247,000 | $ 123,500 | $ 17,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 386,000 | $ 193,000 | $ 26,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 391,000 | $ 195,500 | $ 90,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 422,000 | $ 211,000 | $ 76,000 |
| Binghamton, NY | 1 | $ 173,000 | $ 173,000 | $ 50,000 |
| Charleston-North Charleston-Summerville, SC | 1 | $ 228,000 | $ 228,000 | $ 0 |
| Gainesville, GA | 1 | $ 159,000 | $ 159,000 | $ 30,000 |
| Hagerstown-Martinsburg, MD-WV | 1 | $ 276,000 | $ 276,000 | $ 52,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 155,000 | $ 155,000 | $ 40,000 |
| Ithaca, NY | 1 | $ 208,000 | $ 208,000 | $ 61,000 |
| Jacksonville, FL | 1 | $ 139,000 | $ 139,000 | $ 58,000 |
| Kansas City, MO-KS | 1 | $ 162,000 | $ 162,000 | $ 0 |
| Knoxville, TN | 1 | $ 145,000 | $ 145,000 | $ 0 |
| Lebanon, PA | 1 | $ 168,000 | $ 168,000 | $ 0 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 152,000 | $ 152,000 | $ 85,000 |
| Norwich-New London, CT | 1 | $ 314,000 | $ 314,000 | $ 207,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 98,000 | $ 98,000 | $ 29,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 153,000 | $ 153,000 | $ 43,000 |
| Raleigh-Cary, NC | 1 | $ 129,000 | $ 129,000 | $ 41,000 |
| Reading, PA | 1 | $ 186,000 | $ 186,000 | $ 70,000 |
| Salisbury, MD | 1 | $ 196,000 | $ 196,000 | $ 59,000 |
| Savannah, GA | 1 | $ 131,000 | $ 131,000 | $ 0 |
| Sumter, SC | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Syracuse, NY | 1 | $ 255,000 | $ 255,000 | $ 151,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 177,000 | $ 177,000 | $ 45,000 |
| Trenton-Ewing, NJ | 1 | $ 232,000 | $ 232,000 | $ 50,000 |
| Wilmington, DE-MD-NJ | 1 | $ 281,000 | $ 281,000 | $ 120,000 |
| Worcester, MA | 1 | $ 213,000 | $ 213,000 | $ 85,000 |
Mortgage Loan Application Detail Totals for Euro Mortgage Bankers, Inc. in 2009
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 | 400 | $115,235,000 | $288,000 | $3,000,000 | $85,000 | $3,757,000 |
| Home Purchase | 209 | $65,536,000 | $313,000 | $1,120,000 | $95,000 | $555,000 |
| 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 | 327 | $95,840,000 | $293,000 | $3,000,000 | $95,000 | $3,757,000 |
| Not Provided | 100 | $28,507,000 | $285,000 | $726,000 | $97,000 | $450,000 |
| Black or African American | 96 | $29,761,000 | $310,000 | $700,000 | $65,000 | $443,000 |
| Hispanic | 69 | $20,787,000 | $301,000 | $686,000 | $74,000 | $300,000 |
| Asian | 15 | $5,315,000 | $354,000 | $750,000 | $101,000 | $276,000 |
| American Indian or Alaskan Native | 1 | $190,000 | $190,000 | $190,000 | $96,000 | $96,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $371,000 | $371,000 | $371,000 | $114,000 | $114,000 |
| 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) | 382 | $111,826,000 | $292,000 | $788,000 | $66,000 | $555,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 223 | $67,898,000 | $304,000 | $3,000,000 | $126,000 | $3,757,000 |
| VA-guaranteed (Veterans Administration) | 3 | $920,000 | $306,000 | $434,000 | $112,000 | $148,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $127,000 | $127,000 | $127,000 | $40,000 | $40,000 |
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 | 583 | $170,793,000 | $292,000 | $3,000,000 | $88,000 | $3,757,000 |
| Application Withdrawn By Applicant | 16 | $6,166,000 | $385,000 | $750,000 | $99,000 | $315,000 |
| Application Denied By Financial Institution | 10 | $3,812,000 | $381,000 | $686,000 | $88,000 | $153,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 3 | $1,016,000 | $338,000 | $626,000 | $77,000 | $124,000 |
| Other | 3 | $1,207,000 | $402,000 | $558,000 | $58,000 | $91,000 |
| Unverifiable Information | 2 | $1,184,000 | $592,000 | $686,000 | $141,000 | $153,000 |
| Credit History | 2 | $405,000 | $202,000 | $254,000 | $96,000 | $105,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Euro Mortgage Bankers, Inc.'s 2009 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 Euro Mortgage Bankers, 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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