Mid-Island Mortgage Corp. Mortgage Lending & HMDA Data, 2017
In 2017, Mid-Island Mortgage Corp. of Westbury, NY reported 1,341 mortgage applications totaling $458.8 million, down 24% from 2016. The average application was for $342,162, and applicants reported an average income of $106,144. 66% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Nassau County-Suffolk County, NY (589), New York-Jersey City-White Plains, NY-NJ (363) and Cambridge-Newton-Framingham, MA (63) (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 | 1,341 |
| Total Mortgage Loan Application Amount | $458,840,000 |
| Average Mortgage Loan Application Amount | $342,162 |
| Highest Mortgage Loan Application Amount | $932,000 |
| Average Applicant Income | $106,144 |
| Highest Applicant Income | $3,075,000 |
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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017
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 | 794 | $272,317,000 | $342,000 | $932,000 | $109,000 | $411,000 |
| Refinancing | 547 | $186,523,000 | $340,000 | $900,000 | $102,000 | $3,075,000 |
| 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 | 608 | $201,479,000 | $331,000 | $900,000 | $120,000 | $3,075,000 |
| Black or African American | 242 | $85,499,000 | $353,000 | $835,000 | $91,000 | $390,000 |
| Hispanic | 215 | $72,748,000 | $338,000 | $760,000 | $82,000 | $225,000 |
| Not Provided | 187 | $65,157,000 | $348,000 | $932,000 | $111,000 | $405,000 |
| Asian | 78 | $29,926,000 | $383,000 | $840,000 | $99,000 | $286,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $2,070,000 | $345,000 | $540,000 | $94,000 | $253,000 |
| American Indian or Alaskan Native | 5 | $1,961,000 | $392,000 | $788,000 | $150,000 | $257,000 |
| 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) | 649 | $224,195,000 | $345,000 | $835,000 | $79,000 | $390,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 633 | $213,089,000 | $336,000 | $932,000 | $133,000 | $3,075,000 |
| VA-guaranteed (Veterans Administration) | 59 | $21,556,000 | $365,000 | $636,000 | $115,000 | $260,000 |
| 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 | 881 | $301,742,000 | $342,000 | $932,000 | $108,000 | $3,075,000 |
| Application Withdrawn By Applicant | 157 | $50,790,000 | $323,000 | $748,000 | $95,000 | $390,000 |
| Application Denied By Financial Institution | 142 | $49,082,000 | $345,000 | $840,000 | $100,000 | $266,000 |
| File Closed For Incompleteness | 77 | $27,879,000 | $362,000 | $900,000 | $128,000 | $820,000 |
| Application Approved But Not Accepted | 58 | $19,009,000 | $327,000 | $771,000 | $86,000 | $260,000 |
| Preapproval Approved but not Accepted | 21 | $7,815,000 | $372,000 | $600,000 | $107,000 | $215,000 |
| Preapproval Denied by Financial Institution | 5 | $2,523,000 | $504,000 | $748,000 | $130,000 | $166,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 31 | $12,704,000 | $409,000 | $835,000 | $101,000 | $257,000 |
| Credit History | 21 | $6,933,000 | $330,000 | $800,000 | $83,000 | $160,000 |
| Collateral | 16 | $5,544,000 | $346,000 | $647,000 | $116,000 | $266,000 |
| Other | 16 | $4,860,000 | $303,000 | $748,000 | $90,000 | $215,000 |
| Employment History | 5 | $2,137,000 | $427,000 | $570,000 | $109,000 | $158,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $2,219,000 | $443,000 | $840,000 | $149,000 | $233,000 |
| Unverifiable Information | 4 | $1,884,000 | $471,000 | $637,000 | $109,000 | $134,000 |
| Credit Application Incomplete | 1 | $571,000 | $571,000 | $571,000 | $93,000 | $93,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Mid-Island Mortgage Corp.'s 2017 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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