Guardian Loan Company Mortgage Lending & HMDA Data, 2005
In 2005, Guardian Loan Company of Clifton Park, NY reported 3,282 mortgage applications totaling $666.6 million, up 16% from 2004. The average application was for $203,099, and applicants reported an average income of $61,145. 48% of its applications resulted in an originated loan and 13% were denied. Its largest markets were Edison, NJ (263), Baltimore-Towson, MD (165) and Newark-Union, NJ-PA (161) (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 | 3,282 |
| Total Mortgage Loan Application Amount | $666,572,000 |
| Average Mortgage Loan Application Amount | $203,099 |
| Highest Mortgage Loan Application Amount | $1,625,000 |
| Average Applicant Income | $61,145 |
| Highest Applicant Income | $1,800,000 |
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(HMDA) records Guardian Loan Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Edison, NJ | 263 | $ 61,611,000 | $ 234,262 | $ 87,000 |
| Baltimore-Towson, MD | 165 | $ 28,398,000 | $ 172,109 | $ 73,000 |
| Newark-Union, NJ-PA | 161 | $ 39,981,000 | $ 248,329 | $ 67,000 |
| Camden, NJ | 159 | $ 27,726,000 | $ 174,377 | $ 61,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 159 | $ 28,660,000 | $ 180,251 | $ 64,000 |
| New York-Wayne-White Plains, NY-NJ | 154 | $ 45,114,000 | $ 292,948 | $ 61,000 |
| Albany-Schenectady-Troy, NY | 123 | $ 16,835,000 | $ 136,869 | $ 69,000 |
| Nassau-Suffolk, NY | 119 | $ 32,273,000 | $ 271,201 | $ 71,000 |
| Richmond, VA | 101 | $ 15,362,000 | $ 152,099 | $ 45,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 72 | $ 14,354,000 | $ 199,361 | $ 74,000 |
| Bethesda-Frederick-Gaithersburg, MD | 67 | $ 16,989,000 | $ 253,567 | $ 67,000 |
| Rochester, NY | 45 | $ 5,253,000 | $ 116,733 | $ 46,000 |
| Atlantic City, NJ | 42 | $ 7,675,000 | $ 182,738 | $ 57,000 |
| Buffalo-Niagara Falls, NY | 41 | $ 5,980,000 | $ 145,853 | $ 54,000 |
| Tampa-St. Petersburg-Clearwater, FL | 40 | $ 6,323,000 | $ 158,075 | $ 44,000 |
| Warren-Farmington Hills-Troy, MI | 39 | $ 6,757,000 | $ 173,256 | $ 59,000 |
| Orlando, FL | 37 | $ 7,611,000 | $ 205,702 | $ 47,000 |
| Boston-Quincy, MA | 36 | $ 9,179,000 | $ 254,972 | $ 70,000 |
| Springfield, MA | 35 | $ 4,581,000 | $ 130,885 | $ 41,000 |
| Detroit-Livonia-Dearborn, MI | 29 | $ 3,926,000 | $ 135,379 | $ 48,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 27 | $ 5,114,000 | $ 189,407 | $ 47,000 |
| Kingston, NY | 27 | $ 4,289,000 | $ 158,851 | $ 49,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 27 | $ 7,476,000 | $ 276,888 | $ 69,000 |
| Worcester, MA | 27 | $ 5,249,000 | $ 194,407 | $ 49,000 |
| Trenton-Ewing, NJ | 23 | $ 3,912,000 | $ 170,086 | $ 46,000 |
| Vineland-Millville-Bridgeton, NJ | 22 | $ 3,098,000 | $ 140,818 | $ 50,000 |
| Syracuse, NY | 21 | $ 2,309,000 | $ 109,952 | $ 39,000 |
| Hagerstown-Martinsburg, MD-WV | 19 | $ 3,580,000 | $ 188,421 | $ 70,000 |
| Sarasota-Bradenton-Venice, FL | 18 | $ 3,448,000 | $ 191,555 | $ 62,000 |
| Cape Coral-Fort Myers, FL | 17 | $ 4,993,000 | $ 293,705 | $ 59,000 |
| Cambridge-Newton-Framingham, MA | 16 | $ 3,594,000 | $ 224,625 | $ 54,000 |
| Jacksonville, FL | 16 | $ 3,027,000 | $ 189,187 | $ 47,000 |
| New Haven-Milford, CT | 16 | $ 3,424,000 | $ 214,000 | $ 46,000 |
| Winchester, VA-WV | 16 | $ 3,154,000 | $ 197,125 | $ 48,000 |
| Flint, MI | 14 | $ 1,744,000 | $ 124,571 | $ 45,000 |
| Miami-Miami Beach-Kendall, FL | 14 | $ 3,175,000 | $ 226,785 | $ 90,000 |
| Ocean City, NJ | 14 | $ 2,817,000 | $ 201,214 | $ 45,000 |
| Palm Bay-Melbourne-Titusville, FL | 14 | $ 2,646,000 | $ 189,000 | $ 40,000 |
| Barnstable Town, MA | 13 | $ 2,577,000 | $ 198,230 | $ 58,000 |
| Naples-Marco Island, FL | 12 | $ 5,474,000 | $ 456,166 | $ 124,000 |
| Salisbury, MD | 12 | $ 1,345,000 | $ 112,083 | $ 85,000 |
| Hartford-West Hartford-East Hartford, CT | 11 | $ 1,827,000 | $ 166,090 | $ 49,000 |
| Wilmington, DE-MD-NJ | 11 | $ 1,985,000 | $ 180,454 | $ 50,000 |
| Bridgeport-Stamford-Norwalk, CT | 10 | $ 2,626,000 | $ 262,600 | $ 71,000 |
| Lynchburg, VA | 10 | $ 1,390,000 | $ 139,000 | $ 64,000 |
| Glens Falls, NY | 9 | $ 1,438,000 | $ 159,777 | $ 30,000 |
| Lansing-East Lansing, MI | 9 | $ 1,123,000 | $ 124,777 | $ 56,000 |
| Pittsfield, MA | 9 | $ 1,460,000 | $ 162,222 | $ 56,000 |
| Binghamton, NY | 8 | $ 910,000 | $ 113,750 | $ 51,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 8 | $ 1,289,000 | $ 161,125 | $ 38,000 |
| Essex County, MA | 8 | $ 1,823,000 | $ 227,875 | $ 56,000 |
| Grand Rapids-Wyoming, MI | 8 | $ 1,031,000 | $ 128,875 | $ 36,000 |
| Ithaca, NY | 8 | $ 1,206,000 | $ 150,750 | $ 134,000 |
| Charlottesville, VA | 7 | $ 1,186,000 | $ 169,428 | $ 48,000 |
| Jackson, MI | 7 | $ 1,312,000 | $ 187,428 | $ 36,000 |
| Lakeland, FL | 7 | $ 685,000 | $ 97,857 | $ 34,000 |
| Portland-South Portland-Biddeford, ME | 6 | $ 862,000 | $ 143,666 | $ 33,000 |
| Providence-New Bedford-Fall River, RI-MA | 6 | $ 1,127,000 | $ 187,833 | $ 95,000 |
| Roanoke, VA | 6 | $ 712,000 | $ 118,666 | $ 32,000 |
| Battle Creek, MI | 5 | $ 592,000 | $ 118,400 | $ 52,000 |
| Danville, VA | 5 | $ 460,000 | $ 92,000 | $ 40,000 |
| Fort Walton Beach-Crestview-Destin, FL | 5 | $ 904,000 | $ 180,800 | $ 27,000 |
| Niles-Benton Harbor, MI | 5 | $ 572,000 | $ 114,400 | $ 30,000 |
| Punta Gorda, FL | 5 | $ 513,000 | $ 102,600 | $ 22,000 |
| Gainesville, FL | 4 | $ 567,000 | $ 141,750 | $ 75,000 |
| Harrisonburg, VA | 4 | $ 566,000 | $ 141,500 | $ 31,000 |
| Monroe, MI | 4 | $ 656,000 | $ 164,000 | $ 70,000 |
| Ocala, FL | 4 | $ 388,000 | $ 97,000 | $ 43,000 |
| Utica-Rome, NY | 4 | $ 350,000 | $ 87,500 | $ 33,000 |
| Ann Arbor, MI | 3 | $ 1,020,000 | $ 340,000 | $ 86,000 |
| Holland-Grand Haven, MI | 3 | $ 311,000 | $ 103,666 | $ 63,000 |
| Port St. Lucie-Fort Pierce, FL | 3 | $ 384,000 | $ 128,000 | $ 32,000 |
| Saginaw-Saginaw Township North, MI | 3 | $ 369,000 | $ 123,000 | $ 33,000 |
| Tallahassee, FL | 3 | $ 387,000 | $ 129,000 | $ 54,000 |
| Bangor, ME | 2 | $ 320,000 | $ 160,000 | $ 35,000 |
| Bay City, MI | 2 | $ 245,000 | $ 122,500 | $ 138,000 |
| Blacksburg-Christiansburg-Radford, VA | 2 | $ 308,000 | $ 154,000 | $ 43,000 |
| Colorado Springs, CO | 2 | $ 318,000 | $ 159,000 | $ 52,000 |
| Cumberland, MD-WV | 2 | $ 298,000 | $ 149,000 | $ 67,000 |
| Denver-Aurora, CO | 2 | $ 406,000 | $ 203,000 | $ 54,000 |
| Dover, DE | 2 | $ 248,000 | $ 124,000 | $ 57,000 |
| Elmira, NY | 2 | $ 118,000 | $ 59,000 | $ 54,000 |
| Kalamazoo-Portage, MI | 2 | $ 201,000 | $ 100,500 | $ 52,000 |
| Norwich-New London, CT | 2 | $ 539,000 | $ 269,500 | $ 25,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 142,000 | $ 142,000 | $ 27,000 |
| Grand Junction, CO | 1 | $ 200,000 | $ 200,000 | $ 60,000 |
| Lewiston-Auburn, ME | 1 | $ 192,000 | $ 192,000 | $ 71,000 |
| Panama City-Lynn Haven, FL | 1 | $ 132,000 | $ 132,000 | $ 55,000 |
| Pueblo, CO | 1 | $ 118,000 | $ 118,000 | $ 0 |
| Vero Beach, FL | 1 | $ 168,000 | $ 168,000 | $ 46,000 |
Mortgage Loan Application Detail Totals for Guardian Loan Company in 2005
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 | 3,133 | $643,892,000 | $187,166 | $1,625,000 | $56,583 | $728,000 |
| Home Purchase | 149 | $22,680,000 | $178,250 | $600,000 | $120,625 | $1,800,000 |
| 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 | 1,980 | $392,444,000 | $181,230 | $1,203,000 | $53,769 | $728,000 |
| Not Provided | 598 | $126,226,000 | $200,583 | $1,625,000 | $78,250 | $1,800,000 |
| Black or African American | 507 | $101,289,000 | $199,444 | $950,000 | $51,555 | $215,000 |
| Hispanic | 143 | $32,532,000 | $209,500 | $797,000 | $54,125 | $449,000 |
| Asian | 34 | $9,473,000 | $284,571 | $795,000 | $72,285 | $150,000 |
| American Indian or Alaskan Native | 12 | $2,789,000 | $270,428 | $496,000 | $52,571 | $122,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $1,819,000 | $207,166 | $477,000 | $60,000 | $97,000 |
| 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) | 3,282 | $666,572,000 | $183,692 | $1,625,000 | $57,230 | $1,800,000 |
| 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 | 1,559 | $310,798,000 | $180,583 | $1,203,000 | $55,166 | $559,000 |
| Application Approved But Not Accepted | 1,306 | $279,060,000 | $193,416 | $1,625,000 | $69,583 | $1,800,000 |
| Application Denied By Financial Institution | 417 | $76,714,000 | $174,750 | $685,000 | $46,083 | $300,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 6 | $1,227,000 | $204,000 | $364,000 | $28,000 | $53,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 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 2005 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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