Orchid Island Trs, LLC Mortgage Lending & HMDA Data, 2007
In 2007, Orchid Island Trs, LLC of Vero Beach, FL reported 15,580 mortgage applications totaling $3.5 billion, down 63% from 2006. The average application was for $227,598, and applicants reported an average income of $86,513. 31% of its applications resulted in an originated loan and 11% were denied. Its largest markets were Atlanta-Sandy Springs-Marietta, GA (3,469), New York-White Plains-Wayne, NY-NJ (1,058) and Riverside-San Bernardino-Ontario, CA (698) (applications in parentheses).
| Mortgage Company & Address | Orchid Island Trs, LLC 3305 Flamingo Drive Vero Beach, FL 32963 |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 |
| Total Number of Mortgage Applications | 15,580 |
| Total Mortgage Loan Application Amount | $3,545,985,000 |
| Average Mortgage Loan Application Amount | $227,598 |
| Highest Mortgage Loan Application Amount | $3,660,000 |
| Average Applicant Income | $86,513 |
| Highest Applicant Income | $4,739,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Orchid Island Trs, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Orchid Island Trs, LLC in 2007
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 | 7,809 | $1,617,413,000 | $207,000 | $2,640,000 | $87,000 | $1,920,000 |
| Refinancing | 7,739 | $1,917,118,000 | $247,000 | $2,000,000 | $86,000 | $4,739,000 |
| Home Improvement | 32 | $11,454,000 | $357,000 | $3,660,000 | $92,000 | $965,000 |
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 | 7,134 | $1,643,221,000 | $230,000 | $3,660,000 | $96,000 | $4,739,000 |
| Black or African American | 3,005 | $618,123,000 | $205,000 | $2,220,000 | $74,000 | $1,691,000 |
| Hispanic | 2,995 | $725,748,000 | $242,000 | $1,890,000 | $81,000 | $927,000 |
| Not Provided | 1,954 | $430,432,000 | $220,000 | $1,280,000 | $78,000 | $1,920,000 |
| Asian | 366 | $93,615,000 | $255,000 | $880,000 | $100,000 | $514,000 |
| Native Hawaiian or Other Pacific Islander | 82 | $23,002,000 | $280,000 | $704,000 | $104,000 | $270,000 |
| American Indian or Alaskan Native | 44 | $11,844,000 | $269,000 | $1,000,000 | $95,000 | $388,000 |
| 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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 14,051 | $3,266,391,000 | $232,000 | $3,660,000 | $89,000 | $4,739,000 |
| FHA-insured (Federal Housing Administration) | 1,455 | $264,116,000 | $181,000 | $492,000 | $63,000 | $387,000 |
| VA-guaranteed (Veterans Administration) | 74 | $15,478,000 | $209,000 | $402,000 | $66,000 | $160,000 |
| 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 5,304 | $1,162,519,000 | $219,000 | $3,660,000 | $89,000 | $4,739,000 |
| Loan Originated | 4,792 | $1,002,324,000 | $209,000 | $2,000,000 | $80,000 | $1,442,000 |
| Application Approved But Not Accepted | 3,774 | $938,897,000 | $248,000 | $1,500,000 | $80,000 | $1,092,000 |
| Application Denied By Financial Institution | 1,662 | $431,965,000 | $259,000 | $1,750,000 | $112,000 | $1,546,000 |
| Preapproval Approved but not Accepted | 32 | $6,822,000 | $213,000 | $385,000 | $76,000 | $155,000 |
| File Closed For Incompleteness | 13 | $3,252,000 | $250,000 | $913,000 | $90,000 | $240,000 |
| Preapproval Denied by Financial Institution | 3 | $206,000 | $68,000 | $127,000 | $29,000 | $50,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 728 | $194,901,000 | $267,000 | $1,275,000 | $120,000 | $1,546,000 |
| Credit History | 315 | $74,503,000 | $236,000 | $1,000,000 | $101,000 | $1,380,000 |
| Collateral | 252 | $62,648,000 | $248,000 | $1,750,000 | $110,000 | $708,000 |
| Unverifiable Information | 154 | $44,556,000 | $289,000 | $744,000 | $119,000 | $514,000 |
| Employment History | 94 | $24,939,000 | $265,000 | $980,000 | $118,000 | $384,000 |
| Debt-To-Income Ratio | 93 | $23,767,000 | $255,000 | $740,000 | $87,000 | $267,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 24 | $5,634,000 | $234,000 | $768,000 | $94,000 | $540,000 |
| Credit Application Incomplete | 4 | $1,047,000 | $261,000 | $366,000 | $49,000 | $118,000 |
| Mortgage Insurance Denied | 1 | $176,000 | $176,000 | $176,000 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Orchid Island Trs, LLC's 2007 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 Orchid Island Trs, 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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