Gibraltar Private Bank & Trust Mortgage Lending & HMDA Data, 2008
In 2008, Gibraltar Private Bank & Trust of Coral Gables, FL reported 170 mortgage applications totaling $193.2 million, down 23% from 2007. The average application was for $1,136,682, and applicants reported an average income of $422,241. 43% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (106), New York-White Plains-Wayne, NY-NJ (16) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (13) (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 | 170 |
| Total Mortgage Loan Application Amount | $193,236,000 |
| Average Mortgage Loan Application Amount | $1,136,682 |
| Highest Mortgage Loan Application Amount | $9,035,000 |
| Average Applicant Income | $422,241 |
| Highest Applicant Income | $7,206,000 |
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records Gibraltar Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2008
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 | 131 | $136,924,000 | $1,045,000 | $9,035,000 | $370,000 | $7,206,000 |
| Refinancing | 34 | $49,897,000 | $1,467,000 | $8,000,000 | $659,000 | $5,876,000 |
| Home Improvement | 5 | $6,415,000 | $1,283,000 | $2,475,000 | $181,000 | $906,000 |
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 | 66 | $82,611,000 | $1,251,000 | $8,000,000 | $737,000 | $7,206,000 |
| Hispanic | 53 | $47,768,000 | $901,000 | $5,085,000 | $264,000 | $2,000,000 |
| Not applicable | 26 | $53,160,000 | $2,044,000 | $9,035,000 | $0 | $0 |
| Black or African American | 17 | $4,574,000 | $269,000 | $3,000,000 | $418,000 | $6,521,000 |
| Not Provided | 5 | $3,424,000 | $684,000 | $1,257,000 | $381,000 | $482,000 |
| Asian | 2 | $1,557,000 | $778,000 | $1,140,000 | $104,000 | $209,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $142,000 | $142,000 | $142,000 | $23,000 | $23,000 |
| 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) | 170 | $193,236,000 | $1,136,000 | $9,035,000 | $422,000 | $7,206,000 |
| 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 | 73 | $68,115,000 | $933,000 | $7,000,000 | $469,000 | $7,206,000 |
| Application Approved But Not Accepted | 32 | $37,749,000 | $1,179,000 | $7,200,000 | $179,000 | $906,000 |
| Application Denied By Financial Institution | 31 | $45,440,000 | $1,465,000 | $9,035,000 | $344,000 | $1,827,000 |
| File Closed For Incompleteness | 18 | $15,956,000 | $886,000 | $5,760,000 | $702,000 | $5,876,000 |
| Application Withdrawn By Applicant | 16 | $25,976,000 | $1,623,000 | $6,140,000 | $534,000 | $2,762,000 |
| 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 | 11 | $10,321,000 | $938,000 | $5,000,000 | $226,000 | $1,288,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $645,000 | $129,000 | $188,000 | $52,000 | $161,000 |
| Other | 5 | $7,517,000 | $1,503,000 | $4,800,000 | $519,000 | $1,026,000 |
| Collateral | 4 | $8,693,000 | $2,173,000 | $5,085,000 | $743,000 | $1,446,000 |
| Unverifiable Information | 2 | $17,035,000 | $8,517,000 | $9,035,000 | $913,000 | $1,827,000 |
| Credit History | 2 | $821,000 | $410,000 | $525,000 | $169,000 | $190,000 |
| Credit Application Incomplete | 1 | $73,000 | $73,000 | $73,000 | $30,000 | $30,000 |
| Employment History | 1 | $335,000 | $335,000 | $335,000 | $157,000 | $157,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Gibraltar Private Bank & Trust's 2008 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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