Great Florida Bank Mortgage Lending & HMDA Data, 2010
In 2010, Great Florida Bank of Miami Lakes, FL reported 429 mortgage applications totaling $151.8 million, down 40% from 2009. The average application was for $353,918, and applicants reported an average income of $102,515. 42% of its applications resulted in an originated loan and 23% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (272), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (60) and Palm Bay-Melbourne-Titusville, FL (8) (applications in parentheses).
| Mortgage Company & Address | Great Florida Bank 15050 Nw 79th Court, Suite 200 Miami Lakes, FL 33016 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 429 |
| Total Mortgage Loan Application Amount | $151,831,000 |
| Average Mortgage Loan Application Amount | $353,918 |
| Highest Mortgage Loan Application Amount | $21,792,000 |
| Average Applicant Income | $102,515 |
| Highest Applicant Income | $1,890,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Great Florida Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Great Florida Bank 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 | 352 | $68,492,000 | $194,000 | $4,250,000 | $98,000 | $1,890,000 |
| Refinancing | 74 | $82,432,000 | $1,113,000 | $21,792,000 | $123,000 | $500,000 |
| Home Improvement | 3 | $907,000 | $302,000 | $825,000 | $127,000 | $349,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 229 | $44,415,000 | $193,000 | $1,916,000 | $117,000 | $1,890,000 |
| White | 110 | $31,555,000 | $286,000 | $2,100,000 | $121,000 | $1,130,000 |
| Black or African American | 60 | $6,073,000 | $101,000 | $228,000 | $38,000 | $76,000 |
| Not Provided | 11 | $2,259,000 | $205,000 | $369,000 | $62,000 | $130,000 |
| Asian | 11 | $1,799,000 | $163,000 | $500,000 | $86,000 | $481,000 |
| Not applicable | 8 | $65,730,000 | $8,216,000 | $21,792,000 | $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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 216 | $28,417,000 | $131,000 | $449,000 | $47,000 | $176,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 213 | $123,414,000 | $579,000 | $21,792,000 | $159,000 | $1,890,000 |
| 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 | 182 | $101,945,000 | $560,000 | $21,792,000 | $145,000 | $1,890,000 |
| Application Denied By Financial Institution | 98 | $18,186,000 | $185,000 | $2,100,000 | $78,000 | $456,000 |
| Preapproval Denied by Financial Institution | 65 | $9,588,000 | $147,000 | $570,000 | $51,000 | $201,000 |
| Application Approved But Not Accepted | 42 | $8,456,000 | $201,000 | $620,000 | $97,000 | $481,000 |
| Application Withdrawn By Applicant | 24 | $6,200,000 | $258,000 | $1,500,000 | $0 | $0 |
| File Closed For Incompleteness | 18 | $7,456,000 | $414,000 | $1,916,000 | $144,000 | $521,000 |
| 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 | 75 | $14,694,000 | $195,000 | $2,100,000 | $60,000 | $417,000 |
| Collateral | 35 | $4,778,000 | $136,000 | $417,000 | $86,000 | $442,000 |
| Credit History | 30 | $3,810,000 | $127,000 | $216,000 | $49,000 | $167,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 8 | $1,126,000 | $140,000 | $396,000 | $93,000 | $456,000 |
| Employment History | 4 | $549,000 | $137,000 | $270,000 | $46,000 | $100,000 |
| Unverifiable Information | 4 | $1,429,000 | $357,000 | $475,000 | $142,000 | $210,000 |
| Credit Application Incomplete | 3 | $304,000 | $101,000 | $135,000 | $33,000 | $40,000 |
| Other | 3 | $758,000 | $252,000 | $409,000 | $79,000 | $113,000 |
| Mortgage Insurance Denied | 1 | $326,000 | $326,000 | $326,000 | $162,000 | $162,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Great Florida Bank'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 Great Florida 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 Florida, download the full spreadsheet
with aggregated HMDA statistics today.
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