Federalguaranty Mortgage Co. Mortgage Lending & HMDA Data, 2007
In 2007, Federalguaranty Mortgage Co. of Pembroke Pines, FL reported 352 mortgage applications totaling $44.1 million. The average application was for $125,375, and applicants reported an average income of $42,900. 99% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Augusta-Richmond County, GA-SC (151), Atlanta-Sandy Springs-Marietta, GA (71) and Birmingham-Hoover, AL (33) (applications in parentheses).
| Mortgage Company & Address | Federalguaranty Mortgage Co. 1806 N Flamingo Road, Suite# 314 Pembroke Pines, FL 33028 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 |
| Total Number of Mortgage Applications | 352 |
| Total Mortgage Loan Application Amount | $44,132,000 |
| Average Mortgage Loan Application Amount | $125,375 |
| Highest Mortgage Loan Application Amount | $650,000 |
| Average Applicant Income | $42,900 |
| Highest Applicant Income | $216,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Federalguaranty Mortgage Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Augusta-Richmond County, GA-SC | 151 | $ 14,194,000 | $ 94,000 | $ 36,860 |
| Atlanta-Sandy Springs-Marietta, GA | 71 | $ 10,740,000 | $ 151,267 | $ 48,000 |
| Birmingham-Hoover, AL | 33 | $ 3,969,000 | $ 120,272 | $ 39,000 |
| Greenville-Mauldin-Easley, SC | 19 | $ 1,572,000 | $ 82,736 | $ 35,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 16 | $ 5,428,000 | $ 339,250 | $ 86,000 |
| Orlando-Kissimmee, FL | 5 | $ 2,199,000 | $ 439,800 | $ 139,000 |
| Anderson, SC | 4 | $ 451,000 | $ 112,750 | $ 38,000 |
| Spartanburg, SC | 3 | $ 218,000 | $ 72,666 | $ 24,000 |
| Charleston-North Charleston, SC | 2 | $ 210,000 | $ 105,000 | $ 34,000 |
| Columbia, SC | 2 | $ 150,000 | $ 75,000 | $ 30,000 |
| Florence, SC | 2 | $ 157,000 | $ 78,500 | $ 29,000 |
| Jackson, TN | 2 | $ 145,000 | $ 72,500 | $ 27,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 2 | $ 187,000 | $ 93,500 | $ 43,000 |
| Florence-Muscle Shoals, AL | 1 | $ 134,000 | $ 134,000 | $ 57,000 |
| Gainesville, GA | 1 | $ 173,000 | $ 173,000 | $ 57,000 |
| Indianapolis-Carmel, IN | 1 | $ 128,000 | $ 128,000 | $ 58,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 330,000 | $ 330,000 | $ 110,000 |
| Punta Gorda, FL | 1 | $ 417,000 | $ 417,000 | $ 87,000 |
| Tuscaloosa, AL | 1 | $ 143,000 | $ 143,000 | $ 30,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 417,000 | $ 417,000 | $ 198,000 |
Mortgage Loan Application Detail Totals for Federalguaranty Mortgage Co. 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 | 317 | $40,211,000 | $126,000 | $650,000 | $43,000 | $216,000 |
| Refinancing | 35 | $3,921,000 | $112,000 | $178,000 | $42,000 | $104,000 |
| 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 | 214 | $24,282,000 | $113,000 | $268,000 | $39,000 | $124,000 |
| White | 95 | $9,765,000 | $102,000 | $417,000 | $41,000 | $104,000 |
| Hispanic | 34 | $9,065,000 | $266,000 | $650,000 | $79,000 | $216,000 |
| Not Provided | 9 | $1,020,000 | $113,000 | $247,000 | $41,000 | $76,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 299 | $31,848,000 | $106,000 | $255,000 | $39,000 | $124,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 39 | $10,440,000 | $267,000 | $650,000 | $78,000 | $216,000 |
| VA-guaranteed (Veterans Administration) | 14 | $1,844,000 | $131,000 | $268,000 | $45,000 | $65,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 347 | $42,683,000 | $123,000 | $650,000 | $43,000 | $216,000 |
| Application Withdrawn By Applicant | 4 | $1,032,000 | $258,000 | $330,000 | $68,000 | $110,000 |
| Application Denied By Financial Institution | 1 | $417,000 | $417,000 | $417,000 | $102,000 | $102,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 1 | $417,000 | $417,000 | $417,000 | $102,000 | $102,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Federalguaranty Mortgage Co.'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 Federalguaranty Mortgage Co.'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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