Interamerican Bank, A FSB Mortgage Lending & HMDA Data, 2015
In 2015, Interamerican Bank, A FSB of Miami, FL reported 67 mortgage applications totaling $23.6 million, down 25% from 2014. The average application was for $351,761, and applicants reported an average income of $84,776. 49% of its applications resulted in an originated loan and 22% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (57), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (4) and West Palm Beach-Boca Raton-Delray Beach, FL (3) (applications in parentheses).
| Mortgage Company & Address | Interamerican Bank, A FSB 9190 Sw 24 Street Miami, FL 33165 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 67 |
| Total Mortgage Loan Application Amount | $23,568,000 |
| Average Mortgage Loan Application Amount | $351,761 |
| Highest Mortgage Loan Application Amount | $2,350,000 |
| Average Applicant Income | $84,776 |
| Highest Applicant Income | $824,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Interamerican Bank, A FSB filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Miami-Dade, Florida | 57 | $ 21,237,000 | $ 372,578 | $ 81,000 |
| Broward, Florida | 4 | $ 598,000 | $ 149,500 | $ 38,000 |
| Monroe, Florida | 3 | $ 1,155,000 | $ 385,000 | $ 281,000 |
| Palm Beach, Florida | 3 | $ 578,000 | $ 192,666 | $ 38,000 |
Mortgage Loan Application Detail Totals for Interamerican Bank, A FSB in 2015
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 | 37 | $17,244,000 | $466,000 | $2,350,000 | $79,000 | $497,000 |
| Home Purchase | 29 | $6,243,000 | $215,000 | $705,000 | $91,000 | $824,000 |
| Home Improvement | 1 | $81,000 | $81,000 | $81,000 | $118,000 | $118,000 |
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 | 57 | $16,115,000 | $282,000 | $1,981,000 | $100,000 | $824,000 |
| Not applicable | 7 | $5,793,000 | $827,000 | $2,350,000 | $0 | $0 |
| White | 2 | $1,160,000 | $580,000 | $1,100,000 | $16,000 | $32,000 |
| American Indian or Alaskan Native | 1 | $500,000 | $500,000 | $500,000 | $0 | $0 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Provided | 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) | 67 | $23,568,000 | $351,000 | $2,350,000 | $85,000 | $824,000 |
| 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 | 33 | $12,045,000 | $365,000 | $2,350,000 | $118,000 | $824,000 |
| Application Denied By Financial Institution | 15 | $3,955,000 | $263,000 | $510,000 | $74,000 | $147,000 |
| Application Withdrawn By Applicant | 10 | $2,757,000 | $275,000 | $751,000 | $0 | $0 |
| File Closed For Incompleteness | 7 | $4,262,000 | $608,000 | $1,981,000 | $101,000 | $497,000 |
| Application Approved But Not Accepted | 2 | $549,000 | $274,000 | $490,000 | $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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 7 | $2,397,000 | $342,000 | $510,000 | $78,000 | $147,000 |
| Credit History | 5 | $917,000 | $183,000 | $337,000 | $76,000 | $113,000 |
| Employment History | 1 | $395,000 | $395,000 | $395,000 | $123,000 | $123,000 |
| Collateral | 1 | $54,000 | $54,000 | $54,000 | $23,000 | $23,000 |
| Other | 1 | $192,000 | $192,000 | $192,000 | $45,000 | $45,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 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 Interamerican Bank, A FSB's 2015 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 Interamerican Bank, A FSB'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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