Intercontinental Capital Group, Inc Mortgage Lending & HMDA Data, 2016
In 2016, Intercontinental Capital Group, Inc of Jericho, NY reported 5,997 mortgage applications totaling $1.6 billion, up 117% from 2015. The average application was for $266,785, and applicants reported an average income of $63,719. 75% of its applications resulted in an originated loan and 5% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (1,139), Nassau County-Suffolk County, NY (601) and Baltimore-Columbia-Towson, MD (540) (applications in parentheses).
| Mortgage Company & Address | Intercontinental Capital Group, Inc 50 Jericho Quadrangle, Suite 210 Jericho, NY 11753 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2021 2020 2019 2018 2017 2016 2015 2011 2009 |
| Total Number of Mortgage Applications | 5,997 |
| Total Mortgage Loan Application Amount | $1,599,911,000 |
| Average Mortgage Loan Application Amount | $266,785 |
| Highest Mortgage Loan Application Amount | $2,500,000 |
| Average Applicant Income | $63,719 |
| Highest Applicant Income | $1,182,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Intercontinental Capital Group, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Intercontinental Capital Group, Inc in 2016
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 | 4,033 | $1,033,884,000 | $256,000 | $2,500,000 | $48,000 | $1,010,000 |
| Home Purchase | 1,585 | $458,878,000 | $289,000 | $1,050,000 | $96,000 | $1,182,000 |
| Home Improvement | 379 | $107,149,000 | $282,000 | $811,000 | $96,000 | $519,000 |
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 | 3,142 | $806,005,000 | $256,000 | $2,500,000 | $65,000 | $1,182,000 |
| Black or African American | 1,076 | $302,358,000 | $281,000 | $815,000 | $62,000 | $519,000 |
| Hispanic | 1,014 | $274,440,000 | $270,000 | $1,050,000 | $54,000 | $668,000 |
| Not Provided | 509 | $139,020,000 | $273,000 | $850,000 | $70,000 | $419,000 |
| Asian | 219 | $66,826,000 | $305,000 | $800,000 | $84,000 | $617,000 |
| Native Hawaiin or Other Pacific Islander | 27 | $8,678,000 | $321,000 | $562,000 | $92,000 | $254,000 |
| American Indian or Alaskan Native | 10 | $2,584,000 | $258,000 | $445,000 | $33,000 | $135,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 4,143 | $1,076,116,000 | $259,000 | $957,000 | $45,000 | $445,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 1,603 | $446,784,000 | $278,000 | $2,500,000 | $109,000 | $1,182,000 |
| VA-guaranteed (Veterans Administration) | 242 | $75,441,000 | $311,000 | $1,007,000 | $90,000 | $519,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 9 | $1,570,000 | $174,000 | $231,000 | $80,000 | $94,000 |
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 | 4,480 | $1,201,167,000 | $268,000 | $1,050,000 | $64,000 | $935,000 |
| Application Withdrawn By Applicant | 648 | $168,690,000 | $260,000 | $1,716,000 | $61,000 | $668,000 |
| Application Approved But Not Accepted | 491 | $126,460,000 | $257,000 | $800,000 | $55,000 | $1,182,000 |
| Application Denied By Financial Institution | 297 | $84,156,000 | $283,000 | $2,500,000 | $82,000 | $1,010,000 |
| File Closed For Incompleteness | 81 | $19,438,000 | $239,000 | $780,000 | $63,000 | $364,000 |
| 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 | 113 | $33,669,000 | $297,000 | $736,000 | $76,000 | $347,000 |
| Credit History | 69 | $17,695,000 | $256,000 | $533,000 | $73,000 | $307,000 |
| Collateral | 51 | $12,707,000 | $249,000 | $714,000 | $99,000 | $328,000 |
| Other | 25 | $9,456,000 | $378,000 | $2,500,000 | $111,000 | $1,010,000 |
| Employment History | 13 | $3,266,000 | $251,000 | $614,000 | $65,000 | $145,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 12 | $2,664,000 | $222,000 | $498,000 | $58,000 | $139,000 |
| Unverifiable Information | 8 | $3,079,000 | $384,000 | $595,000 | $120,000 | $234,000 |
| Credit Application Incomplete | 1 | $222,000 | $222,000 | $222,000 | $56,000 | $56,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Intercontinental Capital Group, Inc's 2016 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 Intercontinental Capital Group, Inc'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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with aggregated HMDA statistics today.
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