Gibraltar Private Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Gibraltar Private Bank & Trust of Coral Gables, FL reported 671 mortgage applications totaling $523.8 million, up 148% from 2009. The average application was for $780,603, and applicants reported an average income of $379,994. 53% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (400), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (105) and New York-White Plains-Wayne, NY-NJ (79) (applications in parentheses).
| Mortgage Company & Address | Gibraltar Private Bank & Trust 220 Alhambra Circle, 5th Floor Coral Gables, FL 33134 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 | 671 |
| Total Mortgage Loan Application Amount | $523,785,000 |
| Average Mortgage Loan Application Amount | $780,603 |
| Highest Mortgage Loan Application Amount | $7,800,000 |
| Average Applicant Income | $379,994 |
| Highest Applicant Income | $7,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Gibraltar Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Gibraltar Private Bank & Trust 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 | 447 | $362,821,000 | $811,000 | $7,800,000 | $382,000 | $7,000,000 |
| Refinancing | 215 | $154,669,000 | $719,000 | $4,130,000 | $378,000 | $4,663,000 |
| Home Improvement | 9 | $6,295,000 | $699,000 | $1,825,000 | $328,000 | $1,018,000 |
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 |
|---|---|---|---|---|---|---|
| White | 336 | $253,761,000 | $755,000 | $5,475,000 | $465,000 | $5,400,000 |
| Hispanic | 181 | $99,646,000 | $550,000 | $6,050,000 | $303,000 | $5,448,000 |
| Not Provided | 70 | $69,953,000 | $999,000 | $4,990,000 | $415,000 | $3,737,000 |
| Not applicable | 53 | $82,039,000 | $1,547,000 | $7,800,000 | $0 | $0 |
| Black or African American | 20 | $11,732,000 | $586,000 | $3,150,000 | $590,000 | $7,000,000 |
| Asian | 10 | $6,531,000 | $653,000 | $1,000,000 | $330,000 | $1,000,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $123,000 | $123,000 | $123,000 | $24,000 | $24,000 |
| American Indian or Alaskan Native | 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) | 659 | $521,206,000 | $790,000 | $7,800,000 | $385,000 | $7,000,000 |
| FHA-insured (Federal Housing Administration) | 11 | $2,261,000 | $205,000 | $410,000 | $106,000 | $346,000 |
| VA-guaranteed (Veterans Administration) | 1 | $318,000 | $318,000 | $318,000 | $0 | $0 |
| 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 | 355 | $246,629,000 | $694,000 | $5,885,000 | $378,000 | $7,000,000 |
| Application Approved But Not Accepted | 106 | $90,945,000 | $857,000 | $4,290,000 | $466,000 | $3,945,000 |
| Application Withdrawn By Applicant | 76 | $70,978,000 | $933,000 | $7,800,000 | $416,000 | $5,448,000 |
| Application Denied By Financial Institution | 66 | $47,106,000 | $713,000 | $6,050,000 | $264,000 | $1,975,000 |
| File Closed For Incompleteness | 41 | $35,444,000 | $864,000 | $4,990,000 | $540,000 | $5,400,000 |
| Loan Purchased By The Institution | 23 | $31,869,000 | $1,385,000 | $4,030,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 4 | $814,000 | $203,000 | $645,000 | $121,000 | $398,000 |
| Preapproval Approved but not Accepted | 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 | 25 | $17,025,000 | $681,000 | $4,128,000 | $196,000 | $634,000 |
| Collateral | 20 | $12,133,000 | $606,000 | $1,763,000 | $265,000 | $734,000 |
| Credit History | 8 | $4,634,000 | $579,000 | $3,103,000 | $243,000 | $1,443,000 |
| Other | 6 | $8,395,000 | $1,399,000 | $6,050,000 | $624,000 | $1,975,000 |
| Unverifiable Information | 4 | $2,869,000 | $717,000 | $1,900,000 | $207,000 | $602,000 |
| Employment History | 3 | $413,000 | $137,000 | $299,000 | $66,000 | $110,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $2,268,000 | $756,000 | $1,980,000 | $322,000 | $875,000 |
| Mortgage Insurance Denied | 1 | $183,000 | $183,000 | $183,000 | $60,000 | $60,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gibraltar Private Bank & Trust'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 Gibraltar Private Bank & Trust'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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