Mid-Island Mortgage Corp. Mortgage Lending & HMDA Data, 2015
In 2015, Mid-Island Mortgage Corp. of Westbury, NY reported 1,621 mortgage applications totaling $482.8 million, up 21% from 2014. The average application was for $297,827, and applicants reported an average income of $80,176. 66% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Nassau County-Suffolk County, NY (582), New York-Jersey City-White Plains, NY-NJ (358) and Washington-Arlington-Alexandria, DC-VA-MD-WV (102) (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 | 1,621 |
| Total Mortgage Loan Application Amount | $482,779,000 |
| Average Mortgage Loan Application Amount | $297,827 |
| Highest Mortgage Loan Application Amount | $1,540,000 |
| Average Applicant Income | $80,176 |
| Highest Applicant Income | $586,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 817 | $245,393,000 | $300,000 | $1,222,000 | $102,000 | $586,000 |
| Refinancing | 804 | $237,386,000 | $295,000 | $1,540,000 | $58,000 | $586,000 |
| 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 | 784 | $233,160,000 | $297,000 | $1,222,000 | $92,000 | $586,000 |
| Black or African American | 297 | $88,766,000 | $298,000 | $1,540,000 | $67,000 | $442,000 |
| Hispanic | 243 | $69,844,000 | $287,000 | $636,000 | $59,000 | $546,000 |
| Not Provided | 221 | $66,546,000 | $301,000 | $856,000 | $83,000 | $500,000 |
| Asian | 62 | $20,149,000 | $324,000 | $664,000 | $58,000 | $326,000 |
| Native Hawaiian or Other Pacific Islander | 8 | $2,769,000 | $346,000 | $506,000 | $132,000 | $163,000 |
| Not applicable | 3 | $600,000 | $200,000 | $255,000 | $0 | $0 |
| American Indian or Alaskan Native | 3 | $945,000 | $315,000 | $538,000 | $33,000 | $58,000 |
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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 952 | $282,384,000 | $296,000 | $1,222,000 | $54,000 | $546,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 587 | $175,909,000 | $299,000 | $1,540,000 | $121,000 | $586,000 |
| VA-guaranteed (Veterans Administration) | 82 | $24,486,000 | $298,000 | $664,000 | $92,000 | $237,000 |
| 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 | 1,068 | $319,624,000 | $299,000 | $1,540,000 | $79,000 | $586,000 |
| Application Withdrawn By Applicant | 206 | $61,466,000 | $298,000 | $953,000 | $77,000 | $366,000 |
| Application Denied By Financial Institution | 177 | $49,622,000 | $280,000 | $1,222,000 | $86,000 | $327,000 |
| Application Approved But Not Accepted | 130 | $40,126,000 | $308,000 | $1,200,000 | $84,000 | $586,000 |
| File Closed For Incompleteness | 24 | $6,590,000 | $274,000 | $557,000 | $90,000 | $251,000 |
| Preapproval Denied by Financial Institution | 8 | $2,954,000 | $369,000 | $565,000 | $89,000 | $171,000 |
| Preapproval Approved but not Accepted | 5 | $1,797,000 | $359,000 | $417,000 | $90,000 | $109,000 |
| Loan Purchased By The Institution | 3 | $600,000 | $200,000 | $255,000 | $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 | 63 | $21,021,000 | $333,000 | $1,222,000 | $79,000 | $245,000 |
| Credit History | 49 | $13,049,000 | $266,000 | $505,000 | $91,000 | $210,000 |
| Collateral | 34 | $8,449,000 | $248,000 | $702,000 | $108,000 | $327,000 |
| Other | 26 | $5,772,000 | $222,000 | $411,000 | $60,000 | $150,000 |
| Unverifiable Information | 5 | $1,522,000 | $304,000 | $536,000 | $78,000 | $98,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $2,131,000 | $426,000 | $850,000 | $155,000 | $297,000 |
| Employment History | 3 | $632,000 | $210,000 | $302,000 | $49,000 | $68,000 |
| Credit Application Incomplete | 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 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 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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with aggregated HMDA statistics today.
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