Gibraltar Private Bank & Trust Mortgage Lending & HMDA Data, 2007
In 2007, Gibraltar Private Bank & Trust of Coral Gables, FL reported 220 mortgage applications totaling $239.4 million, down 11% from 2006. The average application was for $1,088,190, and applicants reported an average income of $375,318. 46% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (131), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (21) and West Palm Beach-Boca Raton-Boynton Beach, FL (11) (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 | 220 |
| Total Mortgage Loan Application Amount | $239,402,000 |
| Average Mortgage Loan Application Amount | $1,088,190 |
| Highest Mortgage Loan Application Amount | $10,000,000 |
| Average Applicant Income | $375,318 |
| Highest Applicant Income | $9,131,000 |
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records Gibraltar Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 176 | $185,899,000 | $1,056,000 | $10,000,000 | $402,000 | $9,131,000 |
| Refinancing | 42 | $50,683,000 | $1,206,000 | $4,500,000 | $274,000 | $1,903,000 |
| Home Improvement | 2 | $2,820,000 | $1,410,000 | $1,500,000 | $155,000 | $311,000 |
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 | 78 | $105,355,000 | $1,350,000 | $10,000,000 | $757,000 | $9,131,000 |
| Hispanic | 72 | $53,542,000 | $743,000 | $6,500,000 | $242,000 | $4,060,000 |
| Not applicable | 26 | $61,841,000 | $2,378,000 | $6,850,000 | $0 | $0 |
| Black or African American | 25 | $1,947,000 | $77,000 | $239,000 | $84,000 | $1,300,000 |
| Not Provided | 18 | $16,303,000 | $905,000 | $2,325,000 | $220,000 | $778,000 |
| Asian | 1 | $414,000 | $414,000 | $414,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 220 | $239,402,000 | $1,088,000 | $10,000,000 | $375,000 | $9,131,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 102 | $138,228,000 | $1,355,000 | $6,850,000 | $351,000 | $4,981,000 |
| Application Approved But Not Accepted | 60 | $52,179,000 | $869,000 | $10,000,000 | $322,000 | $4,611,000 |
| Application Denied By Financial Institution | 23 | $14,745,000 | $641,000 | $3,357,000 | $531,000 | $9,131,000 |
| Application Withdrawn By Applicant | 22 | $19,034,000 | $865,000 | $5,000,000 | $419,000 | $6,577,000 |
| File Closed For Incompleteness | 13 | $15,216,000 | $1,170,000 | $2,900,000 | $465,000 | $1,903,000 |
| 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 | 12 | $6,234,000 | $519,000 | $2,854,000 | $82,000 | $547,000 |
| Other | 4 | $7,022,000 | $1,755,000 | $3,357,000 | $2,282,000 | $9,131,000 |
| Collateral | 3 | $1,073,000 | $357,000 | $684,000 | $627,000 | $1,300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $88,000 | $44,000 | $80,000 | $42,000 | $43,000 |
| Employment History | 1 | $310,000 | $310,000 | $310,000 | $110,000 | $110,000 |
| Credit History | 1 | $18,000 | $18,000 | $18,000 | $29,000 | $29,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gibraltar Private Bank & Trust'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 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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