First Equity Mortgage Bankers Mortgage Lending & HMDA Data, 2010
In 2010, First Equity Mortgage Bankers of Miami, FL reported 985 mortgage applications totaling $200.9 million, up 132% from 2009. The average application was for $203,986, and applicants reported an average income of $91,244. 59% of its applications resulted in an originated loan and 10% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (341), Miami-Miami Beach-Kendall, FL (305) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (175) (applications in parentheses).
| Mortgage Company & Address | First Equity Mortgage Bankers 9300 S Dadeland Blvd Suite 500 Miami, FL 33156 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 985 |
| Total Mortgage Loan Application Amount | $200,927,000 |
| Average Mortgage Loan Application Amount | $203,986 |
| Highest Mortgage Loan Application Amount | $1,680,000 |
| Average Applicant Income | $91,244 |
| Highest Applicant Income | $792,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Equity Mortgage Bankers filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Miami-Dade, Florida | 305 | $ 76,576,000 | $ 251,068 | $ 125,000 |
| Broward, Florida | 175 | $ 36,409,000 | $ 208,051 | $ 96,000 |
| San Juan, Puerto Rico | 75 | $ 16,998,000 | $ 226,640 | $ 86,000 |
| Carolina, Puerto Rico | 71 | $ 12,623,000 | $ 177,788 | $ 58,000 |
| Juana Diaz, Puerto Rico | 70 | $ 9,424,000 | $ 134,628 | $ 41,000 |
| Bayamon, Puerto Rico | 29 | $ 4,962,000 | $ 171,103 | $ 58,000 |
| Palm Beach, Florida | 21 | $ 4,297,000 | $ 204,619 | $ 134,000 |
| Toa Alta, Puerto Rico | 21 | $ 3,989,000 | $ 189,952 | $ 85,000 |
| Guaynabo, Puerto Rico | 20 | $ 6,801,000 | $ 340,050 | $ 110,000 |
| Caguas, Puerto Rico | 16 | $ 2,596,000 | $ 162,250 | $ 51,000 |
| Toa Baja, Puerto Rico | 14 | $ 2,206,000 | $ 157,571 | $ 55,000 |
| Trujillo Alto, Puerto Rico | 14 | $ 1,972,000 | $ 140,857 | $ 56,000 |
| Dorado, Puerto Rico | 11 | $ 2,667,000 | $ 242,454 | $ 173,000 |
| Ponce, Puerto Rico | 10 | $ 1,021,000 | $ 102,100 | $ 46,000 |
| Rio Grande, Puerto Rico | 9 | $ 1,519,000 | $ 168,777 | $ 32,000 |
| Humacao, Puerto Rico | 8 | $ 1,097,000 | $ 137,125 | $ 70,000 |
| Arecibo, Puerto Rico | 7 | $ 675,000 | $ 96,428 | $ 21,000 |
| Morovis, Puerto Rico | 5 | $ 644,000 | $ 128,800 | $ 34,000 |
| Yauco, Puerto Rico | 5 | $ 590,000 | $ 118,000 | $ 39,000 |
| Monroe, Florida | 4 | $ 1,408,000 | $ 352,000 | $ 359,000 |
| Canovanas, Puerto Rico | 4 | $ 467,000 | $ 116,750 | $ 28,000 |
| Corozal, Puerto Rico | 4 | $ 464,000 | $ 116,000 | $ 62,000 |
| Fajardo, Puerto Rico | 4 | $ 359,000 | $ 89,750 | $ 46,000 |
| Gurabo, Puerto Rico | 4 | $ 881,000 | $ 220,250 | $ 79,000 |
| Vega Baja, Puerto Rico | 4 | $ 410,000 | $ 102,500 | $ 33,000 |
| Catano, Puerto Rico | 3 | $ 580,000 | $ 193,333 | $ 53,000 |
| Juncos, Puerto Rico | 3 | $ 269,000 | $ 89,666 | $ 23,000 |
| Las Piedras, Puerto Rico | 3 | $ 381,000 | $ 127,000 | $ 72,000 |
| Manati, Puerto Rico | 3 | $ 487,000 | $ 162,333 | $ 36,000 |
| Highlands, Florida | 2 | $ 280,000 | $ 140,000 | $ 49,000 |
| Lee, Florida | 2 | $ 110,000 | $ 55,000 | $ 29,000 |
| Pinellas, Florida | 2 | $ 182,000 | $ 91,000 | $ 56,000 |
| St. Lucie, Florida | 2 | $ 367,000 | $ 183,500 | $ 72,000 |
| Ceiba, Puerto Rico | 2 | $ 130,000 | $ 65,000 | $ 10,000 |
| Ciales, Puerto Rico | 2 | $ 244,000 | $ 122,000 | $ 46,000 |
| Coamo, Puerto Rico | 2 | $ 424,000 | $ 212,000 | $ 124,000 |
| Guayanilla, Puerto Rico | 2 | $ 242,000 | $ 121,000 | $ 33,000 |
| Jayuya, Puerto Rico | 2 | $ 208,000 | $ 104,000 | $ 33,000 |
| Lajas, Puerto Rico | 2 | $ 287,000 | $ 143,500 | $ 92,000 |
| Naranjito, Puerto Rico | 2 | $ 156,000 | $ 78,000 | $ 13,000 |
| Penuelas, Puerto Rico | 2 | $ 173,000 | $ 86,500 | $ 48,000 |
| Salinas, Puerto Rico | 2 | $ 181,000 | $ 90,500 | $ 36,000 |
| San Sebastian, Puerto Rico | 2 | $ 249,000 | $ 124,500 | $ 6,000 |
| Utuado, Puerto Rico | 2 | $ 159,000 | $ 79,500 | $ 17,000 |
| Collier, Florida | 1 | $ 440,000 | $ 440,000 | $ 425,000 |
| Flagler, Florida | 1 | $ 250,000 | $ 250,000 | $ 205,000 |
| Hillsborough, Florida | 1 | $ 113,000 | $ 113,000 | $ 50,000 |
| Leon, Florida | 1 | $ 122,000 | $ 122,000 | $ 236,000 |
| Martin, Florida | 1 | $ 168,000 | $ 168,000 | $ 295,000 |
| Nassau, Florida | 1 | $ 104,000 | $ 104,000 | $ 56,000 |
| Pasco, Florida | 1 | $ 142,000 | $ 142,000 | $ 80,000 |
| Volusia, Florida | 1 | $ 86,000 | $ 86,000 | $ 115,000 |
| Aguada, Puerto Rico | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Aguas Buenas, Puerto Rico | 1 | $ 76,000 | $ 76,000 | $ 7,000 |
| Aibonito, Puerto Rico | 1 | $ 93,000 | $ 93,000 | $ 60,000 |
| Arroyo, Puerto Rico | 1 | $ 88,000 | $ 88,000 | $ 28,000 |
| Barceloneta, Puerto Rico | 1 | $ 60,000 | $ 60,000 | $ 0 |
| Cidra, Puerto Rico | 1 | $ 235,000 | $ 235,000 | $ 17,000 |
| Comerio, Puerto Rico | 1 | $ 83,000 | $ 83,000 | $ 30,000 |
| Guayama, Puerto Rico | 1 | $ 109,000 | $ 109,000 | $ 53,000 |
| Hatillo, Puerto Rico | 1 | $ 120,000 | $ 120,000 | $ 0 |
| Mayaguez, Puerto Rico | 1 | $ 126,000 | $ 126,000 | $ 99,000 |
| Moca, Puerto Rico | 1 | $ 87,000 | $ 87,000 | $ 22,000 |
| Naguabo, Puerto Rico | 1 | $ 33,000 | $ 33,000 | $ 36,000 |
| Patillas, Puerto Rico | 1 | $ 32,000 | $ 32,000 | $ 45,000 |
| Quebradillas, Puerto Rico | 1 | $ 126,000 | $ 126,000 | $ 48,000 |
| Sabana Grande, Puerto Rico | 1 | $ 102,000 | $ 102,000 | $ 47,000 |
| Santa Isabel, Puerto Rico | 1 | $ 102,000 | $ 102,000 | $ 27,000 |
| Vega Alta, Puerto Rico | 1 | $ 142,000 | $ 142,000 | $ 34,000 |
Mortgage Loan Application Detail Totals for First Equity Mortgage Bankers in 2010
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 | 671 | $125,664,000 | $187,000 | $1,575,000 | $82,000 | $790,000 |
| Refinancing | 314 | $75,263,000 | $239,000 | $1,680,000 | $111,000 | $792,000 |
| 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 |
|---|---|---|---|---|---|---|
| Hispanic | 651 | $122,082,000 | $187,000 | $1,680,000 | $75,000 | $778,000 |
| White | 243 | $64,811,000 | $266,000 | $1,580,000 | $142,000 | $792,000 |
| Black or African American | 65 | $8,557,000 | $131,000 | $417,000 | $51,000 | $242,000 |
| Asian | 14 | $3,143,000 | $224,000 | $634,000 | $128,000 | $360,000 |
| Not Provided | 9 | $1,825,000 | $202,000 | $560,000 | $84,000 | $250,000 |
| Not applicable | 2 | $394,000 | $197,000 | $300,000 | $34,000 | $47,000 |
| American Indian or Alaskan Native | 1 | $115,000 | $115,000 | $115,000 | $64,000 | $64,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 440 | $110,249,000 | $250,000 | $1,680,000 | $138,000 | $792,000 |
| FHA-insured (Federal Housing Administration) | 436 | $75,911,000 | $174,000 | $519,000 | $56,000 | $267,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 88 | $10,765,000 | $122,000 | $235,000 | $34,000 | $90,000 |
| VA-guaranteed (Veterans Administration) | 21 | $4,002,000 | $190,000 | $386,000 | $75,000 | $241,000 |
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 | 585 | $118,332,000 | $202,000 | $1,680,000 | $91,000 | $778,000 |
| Application Withdrawn By Applicant | 275 | $61,548,000 | $223,000 | $1,580,000 | $101,000 | $792,000 |
| Application Denied By Financial Institution | 103 | $17,023,000 | $165,000 | $560,000 | $72,000 | $352,000 |
| File Closed For Incompleteness | 18 | $3,264,000 | $181,000 | $510,000 | $64,000 | $271,000 |
| Application Approved But Not Accepted | 4 | $760,000 | $190,000 | $216,000 | $43,000 | $70,000 |
| 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 | 10 | $1,418,000 | $141,000 | $355,000 | $74,000 | $206,000 |
| Collateral | 8 | $962,000 | $120,000 | $184,000 | $40,000 | $73,000 |
| Credit History | 4 | $855,000 | $213,000 | $392,000 | $109,000 | $300,000 |
| Other | 3 | $252,000 | $84,000 | $112,000 | $60,000 | $126,000 |
| Employment History | 2 | $437,000 | $218,000 | $311,000 | $57,000 | $72,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $187,000 | $187,000 | $187,000 | $133,000 | $133,000 |
| Unverifiable Information | 1 | $115,000 | $115,000 | $115,000 | $38,000 | $38,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into First Equity Mortgage Bankers's 2010 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 First Equity Mortgage Bankers'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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with aggregated HMDA statistics today.
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