Mid-Island Mortgage Corp. Mortgage Lending & HMDA Data, 2006
In 2006, Mid-Island Mortgage Corp. of Westbury, NY reported 507 mortgage applications totaling $146.2 million, down 12% from 2005. The average application was for $288,266, and applicants reported an average income of $86,090. 77% of its applications resulted in an originated loan and 6% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (244), Nassau-Suffolk, NY (230) and Albany-Schenectady-Troy, NY (4) (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 | 507 |
| Total Mortgage Loan Application Amount | $146,151,000 |
| Average Mortgage Loan Application Amount | $288,266 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $86,090 |
| Highest Applicant Income | $620,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 | 319 | $91,743,000 | $287,000 | $965,000 | $72,000 | $250,000 |
| Home Purchase | 188 | $54,408,000 | $289,000 | $2,000,000 | $110,000 | $620,000 |
| 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 | 275 | $81,201,000 | $295,000 | $2,000,000 | $101,000 | $620,000 |
| Black or African American | 144 | $41,491,000 | $288,000 | $532,000 | $67,000 | $174,000 |
| Hispanic | 83 | $22,184,000 | $267,000 | $650,000 | $70,000 | $204,000 |
| Asian | 3 | $828,000 | $276,000 | $412,000 | $111,000 | $171,000 |
| American Indian or Alaskan Native | 2 | $447,000 | $223,000 | $250,000 | $49,000 | $54,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 420 | $119,520,000 | $284,000 | $2,000,000 | $88,000 | $620,000 |
| FHA-insured (Federal Housing Administration) | 87 | $26,631,000 | $306,000 | $501,000 | $74,000 | $161,000 |
| 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 | 390 | $110,992,000 | $284,000 | $2,000,000 | $85,000 | $620,000 |
| Application Approved But Not Accepted | 49 | $17,082,000 | $348,000 | $1,026,000 | $94,000 | $420,000 |
| Application Withdrawn By Applicant | 36 | $10,573,000 | $293,000 | $501,000 | $81,000 | $256,000 |
| Application Denied By Financial Institution | 32 | $7,504,000 | $234,000 | $560,000 | $96,000 | $250,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 11 | $3,222,000 | $292,000 | $560,000 | $98,000 | $250,000 |
| Credit History | 10 | $1,366,000 | $136,000 | $355,000 | $102,000 | $188,000 |
| Other | 5 | $1,483,000 | $296,000 | $400,000 | $111,000 | $233,000 |
| Debt-To-Income Ratio | 3 | $728,000 | $242,000 | $402,000 | $58,000 | $69,000 |
| Employment History | 2 | $400,000 | $200,000 | $353,000 | $103,000 | $122,000 |
| Unverifiable Information | 1 | $305,000 | $305,000 | $305,000 | $51,000 | $51,000 |
| 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 Mid-Island Mortgage Corp.'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 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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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