Refinance.Com Mortgage Lending & HMDA Data, 2006
In 2006, Refinance.Com of Syosset, NY reported 7,536 mortgage applications totaling $1.8 billion. The average application was for $245,011, and applicants reported an average income of $79,498. 53% of its applications resulted in an originated loan and 5% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (862), Washington-Arlington-Alexandria, DC-VA-MD-WV (583) and Nassau-Suffolk, NY (480) (applications in parentheses).
| Mortgage Company & Address | Refinance.Com 60 Oak Drive Syosset, NY 11791 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2004 2003 |
| Total Number of Mortgage Applications | 7,536 |
| Total Mortgage Loan Application Amount | $1,846,407,000 |
| Average Mortgage Loan Application Amount | $245,011 |
| Highest Mortgage Loan Application Amount | $9,250,000 |
| Average Applicant Income | $79,498 |
| Highest Applicant Income | $7,000,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Refinance.Com filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New York-White Plains-Wayne, NY-NJ | 862 | $ 268,859,000 | $ 311,901 | $ 100,600 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 583 | $ 172,330,000 | $ 295,591 | $ 83,121 |
| Nassau-Suffolk, NY | 480 | $ 147,922,000 | $ 308,170 | $ 104,000 |
| Edison, NJ | 417 | $ 110,233,000 | $ 264,347 | $ 78,000 |
| Baltimore-Towson, MD | 295 | $ 67,060,000 | $ 227,322 | $ 73,000 |
| Camden, NJ | 247 | $ 45,869,000 | $ 185,704 | $ 71,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 246 | $ 46,543,000 | $ 189,199 | $ 60,000 |
| Newark-Union, NJ-PA | 244 | $ 64,376,000 | $ 263,836 | $ 77,000 |
| Tampa-St. Petersburg-Clearwater, FL | 207 | $ 37,335,000 | $ 180,362 | $ 61,000 |
| Orlando-Kissimmee, FL | 193 | $ 40,637,000 | $ 210,554 | $ 65,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 151 | $ 33,507,000 | $ 221,900 | $ 77,000 |
| Richmond, VA | 145 | $ 26,884,000 | $ 185,406 | $ 67,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 124 | $ 26,598,000 | $ 214,500 | $ 66,000 |
| Hartford-West Hartford-East Hartford, CT | 115 | $ 23,555,000 | $ 204,826 | $ 70,000 |
| Riverside-San Bernardino-Ontario, CA | 110 | $ 31,290,000 | $ 284,454 | $ 77,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 101 | $ 25,269,000 | $ 250,188 | $ 82,000 |
| Bethesda-Gaithersburg-Frederick, MD | 100 | $ 31,518,000 | $ 315,180 | $ 105,000 |
| Los Angeles-Long Beach-Glendale, CA | 100 | $ 30,859,000 | $ 308,590 | $ 98,000 |
| New Haven-Milford, CT | 93 | $ 21,295,000 | $ 228,978 | $ 77,000 |
| Albany-Schenectady-Troy, NY | 91 | $ 13,964,000 | $ 153,450 | $ 63,000 |
| Miami-Miami Beach-Kendall, FL | 90 | $ 21,629,000 | $ 240,322 | $ 72,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 86 | $ 18,334,000 | $ 213,186 | $ 72,000 |
| San Diego-Carlsbad-San Marcos, CA | 82 | $ 28,969,000 | $ 353,280 | $ 104,000 |
| Atlantic City, NJ | 79 | $ 15,509,000 | $ 196,316 | $ 69,000 |
| Jacksonville, FL | 73 | $ 13,951,000 | $ 191,109 | $ 66,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 66 | $ 12,445,000 | $ 188,560 | $ 63,000 |
| Bridgeport-Stamford-Norwalk, CT | 65 | $ 27,058,000 | $ 416,276 | $ 102,000 |
| Palm Bay-Melbourne-Titusville, FL | 59 | $ 10,238,000 | $ 173,525 | $ 58,000 |
| Cape Coral-Fort Myers, FL | 53 | $ 12,476,000 | $ 235,396 | $ 69,000 |
| Trenton-Ewing, NJ | 52 | $ 10,977,000 | $ 211,096 | $ 75,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 49 | $ 13,771,000 | $ 281,040 | $ 95,000 |
| Rochester, NY | 45 | $ 6,104,000 | $ 135,644 | $ 68,000 |
| Buffalo-Niagara Falls, NY | 44 | $ 5,871,000 | $ 133,431 | $ 55,000 |
| Charleston-North Charleston, SC | 44 | $ 9,823,000 | $ 223,250 | $ 74,000 |
| Port St. Lucie-Fort Pierce, FL | 41 | $ 8,193,000 | $ 199,829 | $ 56,000 |
| Wilmington, DE-MD-NJ | 41 | $ 8,408,000 | $ 205,073 | $ 76,512 |
| Lakeland, FL | 39 | $ 6,955,000 | $ 178,333 | $ 49,000 |
| Bakersfield, CA | 37 | $ 8,305,000 | $ 224,459 | $ 68,000 |
| Ocean City, NJ | 37 | $ 7,720,000 | $ 208,648 | $ 84,000 |
| Santa Ana-Anaheim-Irvine, CA | 36 | $ 16,544,000 | $ 459,555 | $ 129,000 |
| Syracuse, NY | 35 | $ 4,627,000 | $ 132,200 | $ 72,000 |
| Sarasota-Bradenton-Venice, FL | 34 | $ 7,786,000 | $ 229,000 | $ 68,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 32 | $ 8,770,000 | $ 274,062 | $ 88,000 |
| Kingston, NY | 32 | $ 6,489,000 | $ 202,781 | $ 75,000 |
| Norwich-New London, CT | 30 | $ 5,922,000 | $ 197,400 | $ 68,000 |
| Vineland-Millville-Bridgeton, NJ | 29 | $ 4,571,000 | $ 157,620 | $ 65,000 |
| Oakland-Fremont-Hayward, CA | 28 | $ 9,951,000 | $ 355,392 | $ 84,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 26 | $ 5,403,000 | $ 207,807 | $ 52,000 |
| Charlottesville, VA | 25 | $ 5,129,000 | $ 205,160 | $ 62,000 |
| Pensacola-Ferry Pass-Brent, FL | 24 | $ 3,516,000 | $ 146,500 | $ 54,000 |
| Punta Gorda, FL | 24 | $ 5,121,000 | $ 213,375 | $ 51,000 |
| Greenville, SC | 23 | $ 3,832,000 | $ 166,608 | $ 67,000 |
| Roanoke, VA | 23 | $ 2,748,000 | $ 119,478 | $ 50,000 |
| Columbia, SC | 22 | $ 3,026,000 | $ 137,545 | $ 62,000 |
| Fort Walton Beach-Crestview-Destin, FL | 21 | $ 3,990,000 | $ 190,000 | $ 58,000 |
| Hagerstown-Martinsburg, MD-WV | 21 | $ 4,016,000 | $ 191,238 | $ 59,000 |
| Lynchburg, VA | 21 | $ 5,279,000 | $ 251,380 | $ 111,000 |
| Naples-Marco Island, FL | 20 | $ 6,536,000 | $ 326,800 | $ 81,000 |
| Ocala, FL | 20 | $ 3,473,000 | $ 173,650 | $ 64,000 |
| Salisbury, MD | 19 | $ 3,415,000 | $ 179,736 | $ 62,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 18 | $ 7,610,000 | $ 422,777 | $ 122,000 |
| Glens Falls, NY | 17 | $ 3,172,000 | $ 186,588 | $ 77,000 |
| Stockton, CA | 17 | $ 4,870,000 | $ 286,470 | $ 92,000 |
| Warren-Troy-Farmington Hills, MI | 16 | $ 3,225,000 | $ 201,562 | $ 80,000 |
| San Francisco-San Mateo-Redwood City, CA | 15 | $ 5,331,000 | $ 355,400 | $ 134,000 |
| Tallahassee, FL | 15 | $ 2,299,000 | $ 153,266 | $ 59,000 |
| Vallejo-Fairfield, CA | 15 | $ 5,376,000 | $ 358,400 | $ 117,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 14 | $ 3,501,000 | $ 250,071 | $ 76,000 |
| Winchester, VA-WV | 14 | $ 3,490,000 | $ 249,285 | $ 59,000 |
| Spartanburg, SC | 13 | $ 1,679,000 | $ 129,153 | $ 68,000 |
| Utica-Rome, NY | 12 | $ 1,644,000 | $ 137,000 | $ 53,000 |
| Detroit-Livonia-Dearborn, MI | 11 | $ 1,796,000 | $ 163,272 | $ 72,000 |
| Fresno, CA | 11 | $ 2,650,000 | $ 240,909 | $ 84,000 |
| Modesto, CA | 11 | $ 2,463,000 | $ 223,909 | $ 61,000 |
| Seattle-Bellevue-Everett, WA | 11 | $ 2,208,000 | $ 200,727 | $ 65,000 |
| Sebastian-Vero Beach, FL | 11 | $ 2,746,000 | $ 249,636 | $ 76,000 |
| Charlotte-Gastonia-Concord, NC-SC | 10 | $ 1,823,000 | $ 182,300 | $ 71,000 |
| Chico, CA | 10 | $ 1,947,000 | $ 194,700 | $ 62,000 |
| Tacoma, WA | 10 | $ 2,068,000 | $ 206,800 | $ 89,000 |
| Barnstable Town, MA | 9 | $ 3,134,000 | $ 348,222 | $ 148,000 |
| Boston-Quincy, MA | 9 | $ 3,329,000 | $ 369,888 | $ 100,000 |
| Rochester, MN | 9 | $ 1,841,000 | $ 204,555 | $ 61,000 |
| Binghamton, NY | 8 | $ 827,000 | $ 103,375 | $ 37,000 |
| Merced, CA | 8 | $ 1,926,000 | $ 240,750 | $ 53,000 |
| Redding, CA | 8 | $ 1,373,000 | $ 171,625 | $ 87,000 |
| Anderson, SC | 7 | $ 1,009,000 | $ 144,142 | $ 61,000 |
| Chicago-Naperville-Joliet, IL | 7 | $ 1,156,000 | $ 165,142 | $ 74,000 |
| Gainesville, FL | 7 | $ 883,000 | $ 126,142 | $ 49,000 |
| Napa, CA | 7 | $ 1,894,000 | $ 270,571 | $ 116,000 |
| Santa Rosa-Petaluma, CA | 7 | $ 3,602,000 | $ 514,571 | $ 164,000 |
| Madera, CA | 6 | $ 1,686,000 | $ 281,000 | $ 68,000 |
| Panama City-Lynn Haven, FL | 6 | $ 1,401,000 | $ 233,500 | $ 105,000 |
| San Luis Obispo-Paso Robles, CA | 6 | $ 2,554,000 | $ 425,666 | $ 157,000 |
| Spokane, WA | 6 | $ 783,000 | $ 130,500 | $ 45,000 |
| Augusta-Richmond County, GA-SC | 5 | $ 929,000 | $ 185,800 | $ 41,000 |
| Harrisonburg, VA | 5 | $ 956,000 | $ 191,200 | $ 58,000 |
| Visalia-Porterville, CA | 5 | $ 1,056,000 | $ 211,200 | $ 72,000 |
| Worcester, MA | 5 | $ 1,054,000 | $ 210,800 | $ 39,000 |
| Blacksburg-Christiansburg-Radford, VA | 4 | $ 999,000 | $ 249,750 | $ 114,000 |
| Bremerton-Silverdale, WA | 4 | $ 825,000 | $ 206,250 | $ 84,000 |
| Cambridge-Newton-Framingham, MA | 4 | $ 1,012,000 | $ 253,000 | $ 109,000 |
| Monroe, MI | 4 | $ 652,000 | $ 163,000 | $ 72,000 |
| Olympia, WA | 4 | $ 546,000 | $ 136,500 | $ 55,000 |
| Santa Barbara-Santa Maria, CA | 4 | $ 1,184,000 | $ 296,000 | $ 102,000 |
| St. Cloud, MN | 4 | $ 838,000 | $ 209,500 | $ 49,000 |
| Danville, VA | 3 | $ 406,000 | $ 135,333 | $ 72,000 |
| Essex County, MA | 3 | $ 1,158,000 | $ 386,000 | $ 118,000 |
| Florence, SC | 3 | $ 300,000 | $ 100,000 | $ 95,000 |
| Hanford-Corcoran, CA | 3 | $ 484,000 | $ 161,333 | $ 72,000 |
| Ithaca, NY | 3 | $ 365,000 | $ 121,666 | $ 52,000 |
| Kingsport-Bristol-Bristol, TN-VA | 3 | $ 705,000 | $ 235,000 | $ 83,000 |
| Philadelphia, PA | 3 | $ 673,000 | $ 224,333 | $ 81,000 |
| Salinas, CA | 3 | $ 1,150,000 | $ 383,333 | $ 54,000 |
| Sumter, SC | 3 | $ 472,000 | $ 157,333 | $ 79,000 |
| Yuba City, CA | 3 | $ 918,000 | $ 306,000 | $ 58,000 |
| Cumberland, MD-WV | 2 | $ 269,000 | $ 134,500 | $ 50,000 |
| Dover, DE | 2 | $ 532,000 | $ 266,000 | $ 61,000 |
| Duluth, MN-WI | 2 | $ 299,000 | $ 149,500 | $ 64,000 |
| El Centro, CA | 2 | $ 281,000 | $ 140,500 | $ 81,000 |
| Kalamazoo-Portage, MI | 2 | $ 352,000 | $ 176,000 | $ 59,000 |
| Kennewick-Richland-Pasco, WA | 2 | $ 346,000 | $ 173,000 | $ 258,000 |
| Omaha-Council Bluffs, NE-IA | 2 | $ 200,000 | $ 100,000 | $ 90,000 |
| Portland-South Portland-Biddeford, ME | 2 | $ 262,000 | $ 131,000 | $ 59,000 |
| Santa Cruz-Watsonville, CA | 2 | $ 530,000 | $ 265,000 | $ 90,000 |
| Scranton--Wilkes-Barre, PA | 2 | $ 170,000 | $ 85,000 | $ 70,000 |
| Springfield, MA | 2 | $ 482,000 | $ 241,000 | $ 73,000 |
| Bangor, ME | 1 | $ 240,000 | $ 240,000 | $ 326,000 |
| Bellingham, WA | 1 | $ 284,000 | $ 284,000 | $ 85,000 |
| Fairbanks, AK | 1 | $ 253,000 | $ 253,000 | $ 82,000 |
| Fargo, ND-MN | 1 | $ 153,000 | $ 153,000 | $ 43,000 |
| Flint, MI | 1 | $ 230,000 | $ 230,000 | $ 70,000 |
| Gary, IN | 1 | $ 64,000 | $ 64,000 | $ 35,000 |
| Jefferson City, MO | 1 | $ 77,000 | $ 77,000 | $ 50,000 |
| Lancaster, PA | 1 | $ 195,000 | $ 195,000 | $ 74,000 |
| Lansing-East Lansing, MI | 1 | $ 135,000 | $ 135,000 | $ 55,000 |
| Michigan City-La Porte, IN | 1 | $ 116,000 | $ 116,000 | $ 126,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 274,000 | $ 274,000 | $ 84,000 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 70,000 | $ 70,000 | $ 0 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 135,000 | $ 135,000 | $ 0 |
| Saginaw-Saginaw Township North, MI | 1 | $ 250,000 | $ 250,000 | $ 100,000 |
| Yakima, WA | 1 | $ 203,000 | $ 203,000 | $ 74,000 |
Mortgage Loan Application Detail Totals for Refinance.Com in 2006
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 |
|---|---|---|---|---|---|---|
| Refinancing | 7,259 | $1,766,341,000 | $243,000 | $7,500,000 | $78,000 | $4,000,000 |
| Home Purchase | 274 | $79,140,000 | $288,000 | $9,250,000 | $119,000 | $7,000,000 |
| Home Improvement | 3 | $926,000 | $308,000 | $401,000 | $98,000 | $120,000 |
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 | 4,984 | $1,210,457,000 | $242,000 | $9,250,000 | $80,000 | $7,000,000 |
| Black or African American | 1,203 | $280,580,000 | $233,000 | $1,050,000 | $71,000 | $533,000 |
| Hispanic | 691 | $174,147,000 | $252,000 | $1,785,000 | $77,000 | $420,000 |
| Not Provided | 505 | $139,190,000 | $275,000 | $2,300,000 | $96,000 | $1,080,000 |
| Asian | 112 | $30,510,000 | $272,000 | $975,000 | $84,000 | $420,000 |
| Native Hawaiian or Other Pacific Islander | 24 | $7,487,000 | $311,000 | $740,000 | $93,000 | $181,000 |
| American Indian or Alaskan Native | 17 | $4,036,000 | $237,000 | $462,000 | $72,000 | $213,000 |
| 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) | 6,955 | $1,721,945,000 | $247,000 | $9,250,000 | $80,000 | $7,000,000 |
| FHA-insured (Federal Housing Administration) | 581 | $124,462,000 | $214,000 | $512,000 | $66,000 | $240,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 4,022 | $972,787,000 | $241,000 | $7,500,000 | $76,000 | $2,400,000 |
| Application Withdrawn By Applicant | 2,662 | $658,224,000 | $247,000 | $9,250,000 | $82,000 | $7,000,000 |
| Application Approved But Not Accepted | 458 | $115,750,000 | $252,000 | $3,100,000 | $83,000 | $4,000,000 |
| Application Denied By Financial Institution | 389 | $98,498,000 | $253,000 | $2,300,000 | $85,000 | $727,000 |
| File Closed For Incompleteness | 5 | $1,148,000 | $229,000 | $313,000 | $84,000 | $120,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 172 | $45,497,000 | $264,000 | $2,300,000 | $98,000 | $727,000 |
| Other | 75 | $18,730,000 | $249,000 | $1,000,000 | $87,000 | $282,000 |
| Credit History | 68 | $15,749,000 | $231,000 | $1,437,000 | $67,000 | $348,000 |
| Debt-To-Income Ratio | 26 | $6,394,000 | $245,000 | $450,000 | $68,000 | $117,000 |
| Employment History | 5 | $1,097,000 | $219,000 | $318,000 | $85,000 | $124,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $594,000 | $148,000 | $320,000 | $96,000 | $110,000 |
| Unverifiable Information | 4 | $1,424,000 | $356,000 | $570,000 | $83,000 | $126,000 |
| Credit Application Incomplete | 1 | $394,000 | $394,000 | $394,000 | $66,000 | $66,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Refinance.Com's 2006 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 Refinance.Com'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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