Guardian Loan Company Mortgage Lending & HMDA Data, 2006
In 2006, Guardian Loan Company of Clifton Park, NY reported 2,710 mortgage applications totaling $557.7 million, down 17% from 2005. The average application was for $205,793, and applicants reported an average income of $57,181. 49% of its applications resulted in an originated loan and 12% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (211), Washington-Arlington-Alexandria, DC-VA-MD-WV (186) and Nassau-Suffolk, NY (155) (applications in parentheses).
| Mortgage Company & Address | Guardian Loan Company 100 Clifton Corporate Parkway Clifton Park, NY 12065 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 |
| Total Number of Mortgage Applications | 2,710 |
| Total Mortgage Loan Application Amount | $557,700,000 |
| Average Mortgage Loan Application Amount | $205,793 |
| Highest Mortgage Loan Application Amount | $1,258,000 |
| Average Applicant Income | $57,181 |
| Highest Applicant Income | $462,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Guardian Loan Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-White Plains-Wayne, NY-NJ | 211 | $ 60,712,000 | $ 287,734 | $ 66,222 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 186 | $ 49,922,000 | $ 268,397 | $ 68,526 |
| Nassau-Suffolk, NY | 155 | $ 41,989,000 | $ 270,896 | $ 75,000 |
| Edison, NJ | 149 | $ 34,781,000 | $ 233,429 | $ 50,000 |
| Albany-Schenectady-Troy, NY | 113 | $ 16,512,000 | $ 146,123 | $ 60,000 |
| Newark-Union, NJ-PA | 93 | $ 23,347,000 | $ 251,043 | $ 64,000 |
| Baltimore-Towson, MD | 91 | $ 16,611,000 | $ 182,538 | $ 56,000 |
| Camden, NJ | 91 | $ 16,022,000 | $ 176,065 | $ 64,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 76 | $ 15,236,000 | $ 200,473 | $ 55,000 |
| Boston-Quincy, MA | 70 | $ 17,039,000 | $ 243,414 | $ 50,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 64 | $ 14,060,000 | $ 219,687 | $ 63,000 |
| Tampa-St. Petersburg-Clearwater, FL | 63 | $ 10,207,000 | $ 162,015 | $ 49,000 |
| Rochester, NY | 62 | $ 8,071,000 | $ 130,177 | $ 51,000 |
| Richmond, VA | 60 | $ 9,571,000 | $ 159,516 | $ 48,000 |
| Buffalo-Niagara Falls, NY | 56 | $ 6,187,000 | $ 110,482 | $ 49,000 |
| Orlando-Kissimmee, FL | 56 | $ 10,921,000 | $ 195,017 | $ 47,000 |
| Providence-New Bedford-Fall River, RI-MA | 50 | $ 11,745,000 | $ 234,900 | $ 64,320 |
| Cambridge-Newton-Framingham, MA | 39 | $ 10,276,000 | $ 263,487 | $ 63,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 37 | $ 9,043,000 | $ 244,405 | $ 46,000 |
| Wilmington, DE-MD-NJ | 36 | $ 6,940,000 | $ 192,777 | $ 55,750 |
| Worcester, MA | 34 | $ 6,695,000 | $ 196,911 | $ 66,000 |
| Springfield, MA | 33 | $ 5,141,000 | $ 155,787 | $ 48,000 |
| Syracuse, NY | 33 | $ 4,055,000 | $ 122,878 | $ 41,000 |
| Bethesda-Gaithersburg-Frederick, MD | 31 | $ 8,387,000 | $ 270,548 | $ 65,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 31 | $ 7,693,000 | $ 248,161 | $ 65,000 |
| Atlantic City, NJ | 28 | $ 4,777,000 | $ 170,607 | $ 44,000 |
| Essex County, MA | 28 | $ 6,020,000 | $ 215,000 | $ 80,000 |
| Sarasota-Bradenton-Venice, FL | 26 | $ 5,660,000 | $ 217,692 | $ 49,000 |
| Jacksonville, FL | 23 | $ 4,056,000 | $ 176,347 | $ 50,000 |
| Portland-South Portland-Biddeford, ME | 22 | $ 3,134,000 | $ 142,454 | $ 49,000 |
| Ocean City, NJ | 21 | $ 5,036,000 | $ 239,809 | $ 58,000 |
| Cape Coral-Fort Myers, FL | 20 | $ 4,904,000 | $ 245,200 | $ 69,000 |
| Palm Bay-Melbourne-Titusville, FL | 20 | $ 3,877,000 | $ 193,850 | $ 51,000 |
| Warren-Troy-Farmington Hills, MI | 20 | $ 3,409,000 | $ 170,450 | $ 55,000 |
| Kingston, NY | 19 | $ 3,405,000 | $ 179,210 | $ 62,000 |
| Lakeland, FL | 19 | $ 2,968,000 | $ 156,210 | $ 55,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 18 | $ 2,930,000 | $ 162,777 | $ 48,000 |
| Pittsfield, MA | 18 | $ 2,773,000 | $ 154,055 | $ 47,000 |
| Barnstable Town, MA | 16 | $ 4,700,000 | $ 293,750 | $ 43,000 |
| Trenton-Ewing, NJ | 16 | $ 3,263,000 | $ 203,937 | $ 85,000 |
| Binghamton, NY | 15 | $ 1,595,000 | $ 106,333 | $ 62,000 |
| Port St. Lucie-Fort Pierce, FL | 15 | $ 3,141,000 | $ 209,400 | $ 45,000 |
| Vineland-Millville-Bridgeton, NJ | 15 | $ 1,933,000 | $ 128,866 | $ 42,000 |
| Glens Falls, NY | 14 | $ 1,984,000 | $ 141,714 | $ 46,000 |
| Utica-Rome, NY | 13 | $ 1,226,000 | $ 94,307 | $ 43,000 |
| Pensacola-Ferry Pass-Brent, FL | 11 | $ 1,743,000 | $ 158,454 | $ 51,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 10 | $ 2,519,000 | $ 251,900 | $ 98,000 |
| Detroit-Livonia-Dearborn, MI | 10 | $ 1,410,000 | $ 141,000 | $ 56,000 |
| Miami-Miami Beach-Kendall, FL | 10 | $ 1,854,000 | $ 185,400 | $ 39,000 |
| Denver-Aurora, CO | 9 | $ 1,137,000 | $ 126,333 | $ 72,000 |
| Salisbury, MD | 9 | $ 1,299,000 | $ 144,333 | $ 42,000 |
| Flint, MI | 8 | $ 1,159,000 | $ 144,875 | $ 43,000 |
| Fort Walton Beach-Crestview-Destin, FL | 8 | $ 1,931,000 | $ 241,375 | $ 73,000 |
| Lansing-East Lansing, MI | 8 | $ 1,169,000 | $ 146,125 | $ 66,000 |
| Winchester, VA-WV | 8 | $ 1,433,000 | $ 179,125 | $ 29,000 |
| Hagerstown-Martinsburg, MD-WV | 7 | $ 1,366,000 | $ 195,142 | $ 82,000 |
| Punta Gorda, FL | 7 | $ 1,630,000 | $ 232,857 | $ 68,000 |
| Bangor, ME | 6 | $ 684,000 | $ 114,000 | $ 49,000 |
| Danville, VA | 6 | $ 782,000 | $ 130,333 | $ 38,000 |
| Naples-Marco Island, FL | 6 | $ 1,435,000 | $ 239,166 | $ 58,000 |
| Ocala, FL | 6 | $ 897,000 | $ 149,500 | $ 35,000 |
| Panama City-Lynn Haven, FL | 6 | $ 884,000 | $ 147,333 | $ 50,000 |
| Sebastian-Vero Beach, FL | 6 | $ 795,000 | $ 132,500 | $ 29,000 |
| Dover, DE | 5 | $ 748,000 | $ 149,600 | $ 42,000 |
| Roanoke, VA | 5 | $ 625,000 | $ 125,000 | $ 31,000 |
| Tallahassee, FL | 5 | $ 1,423,000 | $ 284,600 | $ 87,000 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 1,234,000 | $ 308,500 | $ 65,000 |
| Charlottesville, VA | 4 | $ 514,000 | $ 128,500 | $ 13,000 |
| Elmira, NY | 4 | $ 280,000 | $ 70,000 | $ 49,000 |
| Kalamazoo-Portage, MI | 4 | $ 505,000 | $ 126,250 | $ 32,000 |
| New Haven-Milford, CT | 4 | $ 764,000 | $ 191,000 | $ 41,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 441,000 | $ 147,000 | $ 48,000 |
| Greeley, CO | 3 | $ 379,000 | $ 126,333 | $ 48,000 |
| Lewiston-Auburn, ME | 3 | $ 358,000 | $ 119,333 | $ 54,000 |
| Lynchburg, VA | 3 | $ 252,000 | $ 84,000 | $ 35,000 |
| Monroe, MI | 3 | $ 769,000 | $ 256,333 | $ 16,000 |
| Bay City, MI | 2 | $ 279,000 | $ 139,500 | $ 40,000 |
| Gainesville, FL | 2 | $ 296,000 | $ 148,000 | $ 77,000 |
| Grand Junction, CO | 2 | $ 232,000 | $ 116,000 | $ 43,000 |
| Hartford-West Hartford-East Hartford, CT | 2 | $ 283,000 | $ 141,500 | $ 54,000 |
| Holland-Grand Haven, MI | 2 | $ 353,000 | $ 176,500 | $ 37,000 |
| Ithaca, NY | 2 | $ 203,000 | $ 101,500 | $ 65,000 |
| Niles-Benton Harbor, MI | 2 | $ 338,000 | $ 169,000 | $ 57,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 472,000 | $ 236,000 | $ 67,000 |
| Saginaw-Saginaw Township North, MI | 2 | $ 238,000 | $ 119,000 | $ 17,000 |
| Battle Creek, MI | 1 | $ 140,000 | $ 140,000 | $ 51,000 |
| Blacksburg-Christiansburg-Radford, VA | 1 | $ 132,000 | $ 132,000 | $ 33,000 |
| Boulder, CO | 1 | $ 267,000 | $ 267,000 | $ 97,000 |
| Colorado Springs, CO | 1 | $ 207,000 | $ 207,000 | $ 53,000 |
| Cumberland, MD-WV | 1 | $ 44,000 | $ 44,000 | $ 29,000 |
| Harrisonburg, VA | 1 | $ 174,000 | $ 174,000 | $ 50,000 |
| Jackson, MI | 1 | $ 186,000 | $ 186,000 | $ 78,000 |
| Muskegon-Norton Shores, MI | 1 | $ 112,000 | $ 112,000 | $ 24,000 |
| Norwich-New London, CT | 1 | $ 194,000 | $ 194,000 | $ 52,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 1 | $ 450,000 | $ 450,000 | $ 96,000 |
| Salinas, CA | 1 | $ 380,000 | $ 380,000 | $ 71,000 |
| San Luis Obispo-Paso Robles, CA | 1 | $ 110,000 | $ 110,000 | $ 58,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 177,000 | $ 177,000 | $ 105,000 |
| Wilmington, NC | 1 | $ 432,000 | $ 432,000 | $ 96,000 |
Mortgage Loan Application Detail Totals for Guardian Loan Company 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 | 2,628 | $542,072,000 | $206,000 | $1,258,000 | $57,000 | $462,000 |
| Home Purchase | 82 | $15,628,000 | $190,000 | $630,000 | $63,000 | $312,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 1,909 | $379,850,000 | $198,000 | $1,258,000 | $59,000 | $462,000 |
| Black or African American | 324 | $69,577,000 | $214,000 | $582,000 | $56,000 | $222,000 |
| Not Provided | 304 | $67,545,000 | $222,000 | $910,000 | $54,000 | $392,000 |
| Hispanic | 117 | $26,361,000 | $225,000 | $1,000,000 | $46,000 | $168,000 |
| Asian | 40 | $10,871,000 | $271,000 | $521,000 | $61,000 | $178,000 |
| American Indian or Alaskan Native | 8 | $1,968,000 | $246,000 | $497,000 | $40,000 | $125,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,528,000 | $191,000 | $348,000 | $66,000 | $120,000 |
| Not applicable | 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) | 2,678 | $552,166,000 | $206,000 | $1,258,000 | $58,000 | $462,000 |
| FHA-insured (Federal Housing Administration) | 32 | $5,534,000 | $172,000 | $269,000 | $57,000 | $103,000 |
| 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 | 1,321 | $265,486,000 | $200,000 | $1,258,000 | $58,000 | $462,000 |
| Application Approved But Not Accepted | 1,071 | $234,307,000 | $218,000 | $1,000,000 | $60,000 | $336,000 |
| Application Denied By Financial Institution | 318 | $57,907,000 | $182,000 | $1,000,000 | $49,000 | $436,000 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 1 | $330,000 | $330,000 | $330,000 | $68,000 | $68,000 |
| Other | 1 | $444,000 | $444,000 | $444,000 | $161,000 | $161,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Guardian Loan Company'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 Guardian Loan Company'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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