Ally Bank F/K/A/ Gmac Bank Mortgage Lending & HMDA Data, 2006
In 2006, Ally Bank F/K/A/ Gmac Bank of Ft. Washington, PA reported 185,574 mortgage applications totaling $32.1 billion. The average application was for $172,994, and applicants reported an average income of $35,653. 32% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Chicago-Naperville-Joliet, IL (9,260), Phoenix-Mesa-Scottsdale, AZ (7,521) and Warren-Troy-Farmington Hills, MI (4,597) (applications in parentheses).
| Mortgage Company & Address | Ally Bank F/K/A/ Gmac Bank 1100 Virginia Drive Ft. Washington, PA 19034 |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 185,574 |
| Total Mortgage Loan Application Amount | $32,103,230,000 |
| Average Mortgage Loan Application Amount | $172,994 |
| Highest Mortgage Loan Application Amount | $4,548,000 |
| Average Applicant Income | $35,653 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Ally Bank F/K/A/ Gmac Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Ally Bank F/K/A/ Gmac Bank in 2006
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 |
|---|---|---|---|---|---|---|
| Refinancing | 94,753 | $16,919,805,000 | $178,000 | $4,548,000 | $29,000 | $9,999,000 |
| Home Purchase | 81,748 | $14,646,968,000 | $179,000 | $3,500,000 | $38,000 | $9,999,000 |
| Home Improvement | 9,073 | $536,457,000 | $59,000 | $1,829,000 | $84,000 | $876,000 |
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 | 122,888 | $20,611,735,000 | $167,000 | $3,500,000 | $37,000 | $9,999,000 |
| Not Provided | 22,392 | $3,102,679,000 | $138,000 | $2,300,000 | $48,000 | $9,999,000 |
| Not applicable | 12,478 | $3,355,803,000 | $268,000 | $4,548,000 | $0 | $0 |
| Hispanic | 12,316 | $2,210,859,000 | $179,000 | $1,894,000 | $32,000 | $2,402,000 |
| Black or African American | 10,859 | $1,789,732,000 | $164,000 | $2,128,000 | $27,000 | $1,164,000 |
| Asian | 3,526 | $839,094,000 | $237,000 | $1,500,000 | $69,000 | $2,400,000 |
| American Indian or Alaskan Native | 682 | $109,536,000 | $160,000 | $1,652,000 | $42,000 | $2,180,000 |
| Native Hawaiian or Other Pacific Islander | 433 | $83,792,000 | $193,000 | $690,000 | $46,000 | $432,000 |
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) | 169,736 | $29,894,967,000 | $176,000 | $4,548,000 | $38,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 12,267 | $1,673,941,000 | $136,000 | $463,000 | $12,000 | $562,000 |
| VA-guaranteed (Veterans Administration) | 3,571 | $534,322,000 | $149,000 | $521,000 | $10,000 | $157,000 |
| 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 Purchased By The Institution | 110,062 | $19,935,968,000 | $181,000 | $4,548,000 | $0 | $501,000 |
| Loan Originated | 60,100 | $9,280,940,000 | $154,000 | $2,590,000 | $86,000 | $4,537,000 |
| Application Approved But Not Accepted | 8,799 | $1,583,112,000 | $179,000 | $2,040,000 | $105,000 | $9,999,000 |
| Application Denied By Financial Institution | 6,264 | $1,212,728,000 | $193,000 | $3,500,000 | $91,000 | $9,999,000 |
| Application Withdrawn By Applicant | 340 | $87,450,000 | $257,000 | $2,380,000 | $108,000 | $1,830,000 |
| File Closed For Incompleteness | 9 | $3,032,000 | $336,000 | $1,500,000 | $87,000 | $438,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 1,580 | $405,481,000 | $256,000 | $2,500,000 | $105,000 | $2,402,000 |
| Collateral | 1,373 | $221,521,000 | $161,000 | $1,500,000 | $81,000 | $2,702,000 |
| Other | 1,116 | $227,078,000 | $203,000 | $3,500,000 | $111,000 | $2,520,000 |
| Debt-To-Income Ratio | 1,102 | $168,994,000 | $153,000 | $2,250,000 | $84,000 | $9,999,000 |
| Credit History | 766 | $131,973,000 | $172,000 | $1,000,000 | $66,000 | $480,000 |
| Employment History | 138 | $25,110,000 | $181,000 | $656,000 | $69,000 | $195,000 |
| Unverifiable Information | 111 | $18,834,000 | $169,000 | $1,295,000 | $77,000 | $384,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 76 | $13,377,000 | $176,000 | $525,000 | $74,000 | $222,000 |
| Mortgage Insurance Denied | 1 | $180,000 | $180,000 | $180,000 | $57,000 | $57,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Ally Bank F/K/A/ Gmac Bank's 2006 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 Ally Bank F/K/A/ Gmac Bank'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.
For a list of all lenders in Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About