Mid-Island Mortgage Corp. Mortgage Lending & HMDA Data, 2003
In 2003, Mid-Island Mortgage Corp. of Westbury, NY reported 902 mortgage applications totaling $179.1 million. The average application was for $198,508, and applicants reported an average income of $61,355. 79% of its applications resulted in an originated loan and 4% were denied. Its largest markets were New York, NY (497), Nassau-Suffolk, NY (359) and Monmouth-Ocean, NJ (10) (applications in parentheses).
| Mortgage Company & Address | Mid-Island Mortgage Corp. 900 Merchants Concourse, Suite #112 Westbury, NY 11590 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 902 |
| Total Mortgage Loan Application Amount | $179,055,000 |
| Average Mortgage Loan Application Amount | $198,508 |
| Highest Mortgage Loan Application Amount | $600,000 |
| Average Applicant Income | $61,355 |
| Highest Applicant Income | $500,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Mid-Island Mortgage Corp. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Mid-Island Mortgage Corp. in 2003
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 (home purchase or home improvement, one-to-four family) | 739 | $138,981,000 | $201,000 | $526,000 | $65,666 | $428,000 |
| Home Purchase (one-to-four family) | 163 | $40,074,000 | $239,200 | $600,000 | $41,000 | $500,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 0 | $0 | $0 | $0 | $0 | $0 |
| Home Improvement (one-to-four family) | 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 | 514 | $100,457,000 | $204,142 | $600,000 | $53,428 | $500,000 |
| Black | 251 | $50,018,000 | $159,000 | $456,000 | $51,500 | $158,000 |
| Hispanic | 85 | $17,868,000 | $214,333 | $424,000 | $55,333 | $132,000 |
| Information not provided by applicant in mail or telephone application | 21 | $3,962,000 | $270,666 | $323,000 | $79,666 | $302,000 |
| Asian or Pacific Islander | 16 | $3,263,000 | $203,000 | $352,000 | $66,000 | $116,000 |
| Other | 11 | $2,655,000 | $241,000 | $526,000 | $87,000 | $127,000 |
| American Indian or Alaskan Native | 3 | $605,000 | $201,000 | $225,000 | $81,000 | $93,000 |
| Not applicable | 1 | $227,000 | $227,000 | $227,000 | $96,000 | $96,000 |
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) | 774 | $149,441,000 | $211,857 | $600,000 | $53,714 | $500,000 |
| FHA-insured (Federal Housing Administration) | 127 | $29,410,000 | $214,500 | $456,000 | $53,500 | $152,000 |
| VA-guaranteed (Veterans Administration) | 1 | $204,000 | $204,000 | $204,000 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 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 | 717 | $140,963,000 | $212,428 | $526,000 | $51,857 | $428,000 |
| Application Approved But Not Accepted | 94 | $19,484,000 | $185,000 | $424,000 | $62,000 | $199,000 |
| Application Withdrawn By Applicant | 58 | $12,024,000 | $202,500 | $413,000 | $71,500 | $302,000 |
| Application Denied By Financial Institution | 32 | $6,234,000 | $194,000 | $600,000 | $78,000 | $500,000 |
| File Closed For Incompleteness | 1 | $350,000 | $350,000 | $350,000 | $122,000 | $122,000 |
| Loan Purchased By The 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 | 12 | $2,423,000 | $201,000 | $284,000 | $55,000 | $152,000 |
| Collateral | 8 | $1,812,000 | $226,000 | $600,000 | $146,000 | $500,000 |
| Other | 7 | $1,155,000 | $165,000 | $288,000 | $52,000 | $77,000 |
| Debt-To-Income Ratio | 4 | $608,000 | $152,000 | $279,000 | $54,000 | $102,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $236,000 | $236,000 | $236,000 | $87,000 | $87,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Island Mortgage Corp.'s 2003 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 Mid-Island Mortgage Corp.'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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