Gibraltar Private Bank & Trust Mortgage Lending & HMDA Data, 2009
In 2009, Gibraltar Private Bank & Trust of Coral Gables, FL reported 271 mortgage applications totaling $208.8 million, up 59% from 2008. The average application was for $770,346, and applicants reported an average income of $364,350. 40% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (179), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (30) and New York-White Plains-Wayne, NY-NJ (14) (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 | 271 |
| Total Mortgage Loan Application Amount | $208,764,000 |
| Average Mortgage Loan Application Amount | $770,346 |
| Highest Mortgage Loan Application Amount | $8,000,000 |
| Average Applicant Income | $364,350 |
| Highest Applicant Income | $7,115,000 |
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records Gibraltar Private Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2009
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 | 187 | $133,206,000 | $712,000 | $8,000,000 | $349,000 | $7,115,000 |
| Refinancing | 82 | $74,706,000 | $911,000 | $4,200,000 | $404,000 | $4,340,000 |
| Home Improvement | 2 | $852,000 | $426,000 | $435,000 | $174,000 | $281,000 |
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 | 115 | $110,641,000 | $962,000 | $8,000,000 | $499,000 | $7,115,000 |
| Hispanic | 93 | $52,778,000 | $567,000 | $3,400,000 | $286,000 | $2,281,000 |
| Black or African American | 25 | $2,942,000 | $117,000 | $417,000 | $53,000 | $499,000 |
| Not Provided | 18 | $18,029,000 | $1,001,000 | $3,100,000 | $534,000 | $2,508,000 |
| Not applicable | 13 | $20,593,000 | $1,584,000 | $4,025,000 | $27,000 | $362,000 |
| Asian | 4 | $3,335,000 | $833,000 | $1,015,000 | $859,000 | $2,800,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $446,000 | $148,000 | $167,000 | $23,000 | $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) | 266 | $207,578,000 | $780,000 | $8,000,000 | $370,000 | $7,115,000 |
| FHA-insured (Federal Housing Administration) | 4 | $1,033,000 | $258,000 | $323,000 | $101,000 | $155,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $153,000 | $153,000 | $153,000 | $47,000 | $47,000 |
| 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 | 109 | $88,464,000 | $811,000 | $6,000,000 | $417,000 | $7,115,000 |
| Application Approved But Not Accepted | 52 | $35,390,000 | $680,000 | $3,400,000 | $283,000 | $1,697,000 |
| Application Denied By Financial Institution | 48 | $25,656,000 | $534,000 | $2,903,000 | $223,000 | $4,340,000 |
| Application Withdrawn By Applicant | 37 | $35,346,000 | $955,000 | $8,000,000 | $490,000 | $4,815,000 |
| File Closed For Incompleteness | 22 | $23,752,000 | $1,079,000 | $4,225,000 | $442,000 | $2,003,000 |
| Preapproval Denied by Financial Institution | 3 | $156,000 | $52,000 | $72,000 | $30,000 | $32,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 20 | $12,784,000 | $639,000 | $2,550,000 | $142,000 | $644,000 |
| Collateral | 16 | $7,915,000 | $494,000 | $1,720,000 | $135,000 | $350,000 |
| Credit History | 7 | $994,000 | $142,000 | $417,000 | $116,000 | $616,000 |
| Employment History | 3 | $427,000 | $142,000 | $228,000 | $71,000 | $138,000 |
| Mortgage Insurance Denied | 2 | $602,000 | $301,000 | $378,000 | $168,000 | $205,000 |
| Other | 2 | $3,039,000 | $1,519,000 | $2,903,000 | $2,192,000 | $4,340,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $51,000 | $51,000 | $51,000 | $23,000 | $23,000 |
| Credit Application Incomplete | 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 2009 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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