New Wave Loans Residential, LLC Mortgage Lending & HMDA Data, 2016
In 2016, New Wave Loans Residential, LLC of North Miami Beach, FL reported 116 mortgage applications totaling $147.3 million, down 35% from 2015. The average application was for $1,270,112, and applicants reported an average income of $0. 26% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (57), Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (40) and West Palm Beach-Boca Raton-Delray Beach, FL (10) (applications in parentheses).
| Mortgage Company & Address | New Wave Loans Residential, LLC 1835 Ne Miami Gardens Dr #451 North Miami Beach, FL 33179 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2022 2021 2020 2019 2018 2017 2016 2015 |
| Total Number of Mortgage Applications | 116 |
| Total Mortgage Loan Application Amount | $147,333,000 |
| Average Mortgage Loan Application Amount | $1,270,112 |
| Highest Mortgage Loan Application Amount | $17,510,000 |
| Average Applicant Income | $0 |
| Highest Applicant Income | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records New Wave Loans Residential, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Miami-Miami Beach-Kendall, FL | 57 | $ 70,139,000 | $ 1,230,508 | $ 0 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 40 | $ 45,180,000 | $ 1,129,500 | $ 0 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 10 | $ 19,304,000 | $ 1,930,400 | $ 0 |
| New York-Jersey City-White Plains, NY-NJ | 2 | $ 2,800,000 | $ 1,400,000 | $ 0 |
| Greensboro-High Point, NC | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Jacksonville, FL | 1 | $ 1,550,000 | $ 1,550,000 | $ 0 |
| Nassau County-Suffolk County, NY | 1 | $ 2,100,000 | $ 2,100,000 | $ 0 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 550,000 | $ 550,000 | $ 0 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 2,400,000 | $ 2,400,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 310,000 | $ 310,000 | $ 0 |
Mortgage Loan Application Detail Totals for New Wave Loans Residential, LLC 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 74 | $89,371,000 | $1,207,000 | $17,510,000 | $0 | $0 |
| Refinancing | 42 | $57,962,000 | $1,380,000 | $7,000,000 | $0 | $0 |
| 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 | 48 | $69,162,000 | $1,440,000 | $17,510,000 | $0 | $0 |
| Hispanic | 28 | $35,722,000 | $1,275,000 | $3,548,000 | $0 | $0 |
| Not applicable | 15 | $19,142,000 | $1,276,000 | $7,000,000 | $0 | $0 |
| Not Provided | 11 | $11,980,000 | $1,089,000 | $5,250,000 | $0 | $0 |
| Black or African American | 11 | $9,247,000 | $840,000 | $2,900,000 | $0 | $0 |
| Asian | 3 | $2,080,000 | $693,000 | $940,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 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) | 116 | $147,333,000 | $1,270,000 | $17,510,000 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 78 | $103,049,000 | $1,321,000 | $17,510,000 | $0 | $0 |
| Loan Originated | 30 | $36,140,000 | $1,204,000 | $7,000,000 | $0 | $0 |
| Application Denied By Financial Institution | 8 | $8,144,000 | $1,018,000 | $2,500,000 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit Application Incomplete | 7 | $7,760,000 | $1,108,000 | $2,500,000 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into New Wave Loans Residential, LLC'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 New Wave Loans Residential, LLC'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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