New Day Financial, Llc. Mortgage Lending & HMDA Data, 2018
In 2018, New Day Financial, Llc. of West Palm Beach, FL reported 84,525 mortgage applications totaling $19.7 billion, up 9% from 2017. The average application was for $232,926, and applicants reported an average income of $73,535. 12% of its applications resulted in an originated loan and 45% were denied. Its largest markets were Atlanta-Sandy Springs-Roswell, GA (2,835), Washington-Arlington-Alexandria, DC-VA-MD-WV (2,058) and Riverside-San Bernardino-Ontario, CA (1,990) (applications in parentheses).
| Mortgage Company & Address | New Day Financial, Llc. 360 South Rosemary Avenue Suite 1900 West Palm Beach, FL 33401 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 |
| Total Number of Mortgage Applications | 84,525 |
| Total Mortgage Loan Application Amount | $19,688,145,000 |
| Average Mortgage Loan Application Amount | $232,926 |
| Highest Mortgage Loan Application Amount | $4,645,000 |
| Average Applicant Income | $73,535 |
| Highest Applicant Income | $9,647,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records New Day Financial, 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 filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for New Day Financial, Llc. in 2018
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 |
|---|---|---|---|---|---|---|
| Cash-out Refinancing | 73,888 | $17,906,210,000 | $242,000 | $4,645,000 | $74,000 | $9,647,000 |
| Other Purpose | 4,941 | $487,665,000 | $98,000 | $1,505,000 | $51,000 | $1,250,000 |
| Refinancing | 3,654 | $848,650,000 | $232,000 | $1,745,000 | $91,000 | $702,000 |
| Home Purchase | 2,042 | $445,620,000 | $218,000 | $2,025,000 | $80,000 | $7,066,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 | 52,113 | $11,820,615,000 | $226,000 | $4,645,000 | $74,000 | $9,647,000 |
| Black or African American | 16,494 | $3,691,320,000 | $223,000 | $2,025,000 | $71,000 | $7,066,000 |
| Hispanic | 6,316 | $1,640,500,000 | $259,000 | $2,625,000 | $74,000 | $495,000 |
| Not Provided | 4,777 | $1,198,265,000 | $250,000 | $2,245,000 | $75,000 | $1,200,000 |
| Asian | 2,182 | $727,250,000 | $333,000 | $3,065,000 | $83,000 | $560,000 |
| American Indian or Alaskan Native | 2,046 | $422,160,000 | $206,000 | $2,045,000 | $64,000 | $412,000 |
| Native Hawaiian or Other Pacific Islander | 597 | $188,035,000 | $314,000 | $1,175,000 | $80,000 | $290,000 |
| 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 |
|---|---|---|---|---|---|---|
| VA-guaranteed (Veterans Administration) | 66,351 | $16,203,485,000 | $244,000 | $4,645,000 | $76,000 | $9,647,000 |
| FHA-insured (Federal Housing Administration) | 18,174 | $3,484,660,000 | $191,000 | $3,605,000 | $63,000 | $1,250,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 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 Denied By Financial Institution | 38,310 | $8,528,360,000 | $222,000 | $3,605,000 | $61,000 | $1,250,000 |
| Application Withdrawn By Applicant | 22,107 | $5,454,245,000 | $246,000 | $3,065,000 | $85,000 | $9,647,000 |
| File Closed For Incompleteness | 12,816 | $3,166,790,000 | $247,000 | $4,645,000 | $87,000 | $1,500,000 |
| Loan Originated | 9,804 | $2,184,690,000 | $222,000 | $1,185,000 | $78,000 | $634,000 |
| Application Approved But Not Accepted | 795 | $182,175,000 | $229,000 | $1,135,000 | $80,000 | $311,000 |
| Preapproval Approved but not Accepted | 565 | $144,885,000 | $256,000 | $2,025,000 | $93,000 | $7,066,000 |
| Preapproval Denied by Financial Institution | 128 | $27,000,000 | $210,000 | $555,000 | $65,000 | $215,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 46,087 | $11,132,785,000 | $241,000 | $4,645,000 | $84,000 | $9,647,000 |
| Credit History | 18,341 | $4,142,345,000 | $225,000 | $3,105,000 | $73,000 | $1,200,000 |
| Debt-To-Income Ratio | 14,872 | $3,264,680,000 | $219,000 | $3,605,000 | $40,000 | $1,250,000 |
| Collateral | 2,834 | $561,020,000 | $197,000 | $1,975,000 | $76,000 | $709,000 |
| Other | 2,086 | $526,470,000 | $252,000 | $1,485,000 | $81,000 | $920,000 |
| Unverifiable Information | 184 | $36,980,000 | $200,000 | $885,000 | $84,000 | $700,000 |
| Employment History | 121 | $23,865,000 | $197,000 | $695,000 | $65,000 | $250,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into New Day Financial, Llc.'s 2018 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 Day Financial, 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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