Riverside National Bank of Fl Mortgage Lending & HMDA Data, 2006
In 2006, Riverside National Bank of Fl of Fort Pierce, FL reported 3,550 mortgage applications totaling $399.1 million, up 1% from 2005. The average application was for $112,420, and applicants reported an average income of $67,982. 58% of its applications resulted in an originated loan and 19% were denied. Its largest markets were Port St. Lucie-Fort Pierce, FL (930), Palm Bay-Melbourne-Titusville, FL (540) and Deltona-Daytona Beach-Ormond Beach, FL (425) (applications in parentheses).
| Mortgage Company & Address | Riverside National Bank of Fl 2810 South Federal Highway Fort Pierce, FL 34982 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 3,550 |
| Total Mortgage Loan Application Amount | $399,092,000 |
| Average Mortgage Loan Application Amount | $112,420 |
| Highest Mortgage Loan Application Amount | $1,950,000 |
| Average Applicant Income | $67,982 |
| Highest Applicant Income | $3,960,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Riverside National Bank of Fl filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Riverside National Bank of Fl 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 |
|---|---|---|---|---|---|---|
| Home Purchase | 1,617 | $211,387,000 | $130,000 | $1,800,000 | $74,000 | $3,960,000 |
| Refinancing | 1,182 | $158,501,000 | $134,000 | $1,950,000 | $68,000 | $672,000 |
| Home Improvement | 751 | $29,204,000 | $38,000 | $459,000 | $55,000 | $552,000 |
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 | 2,283 | $271,580,000 | $118,000 | $1,500,000 | $74,000 | $3,960,000 |
| Not Provided | 715 | $56,052,000 | $78,000 | $744,000 | $59,000 | $1,900,000 |
| Hispanic | 273 | $28,636,000 | $104,000 | $765,000 | $64,000 | $600,000 |
| Black or African American | 151 | $14,960,000 | $99,000 | $540,000 | $64,000 | $420,000 |
| Not applicable | 81 | $20,463,000 | $252,000 | $1,950,000 | $0 | $0 |
| Asian | 31 | $5,375,000 | $173,000 | $860,000 | $98,000 | $472,000 |
| American Indian or Alaskan Native | 10 | $1,137,000 | $113,000 | $280,000 | $55,000 | $115,000 |
| Native Hawaiian or Other Pacific Islander | 6 | $889,000 | $148,000 | $238,000 | $80,000 | $120,000 |
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) | 3,547 | $398,988,000 | $112,000 | $1,950,000 | $68,000 | $3,960,000 |
| FHA-insured (Federal Housing Administration) | 2 | $68,000 | $34,000 | $52,000 | $42,000 | $60,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1 | $36,000 | $36,000 | $36,000 | $28,000 | $28,000 |
| 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 | 2,074 | $255,096,000 | $122,000 | $1,800,000 | $73,000 | $3,960,000 |
| Application Denied By Financial Institution | 677 | $51,304,000 | $75,000 | $975,000 | $54,000 | $672,000 |
| Application Approved But Not Accepted | 523 | $40,569,000 | $77,000 | $1,950,000 | $60,000 | $432,000 |
| Application Withdrawn By Applicant | 206 | $37,781,000 | $183,000 | $744,000 | $78,000 | $1,240,000 |
| File Closed For Incompleteness | 69 | $14,136,000 | $204,000 | $1,500,000 | $95,000 | $1,900,000 |
| Preapproval Approved but not Accepted | 1 | $206,000 | $206,000 | $206,000 | $50,000 | $50,000 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 454 | $21,124,000 | $46,000 | $480,000 | $46,000 | $672,000 |
| Debt-To-Income Ratio | 114 | $13,553,000 | $118,000 | $915,000 | $55,000 | $228,000 |
| Other | 35 | $6,776,000 | $193,000 | $600,000 | $98,000 | $285,000 |
| Collateral | 34 | $5,112,000 | $150,000 | $975,000 | $79,000 | $347,000 |
| Employment History | 12 | $1,363,000 | $113,000 | $272,000 | $52,000 | $167,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $717,000 | $65,000 | $150,000 | $62,000 | $156,000 |
| Credit Application Incomplete | 9 | $1,039,000 | $115,000 | $272,000 | $97,000 | $320,000 |
| Unverifiable Information | 6 | $1,159,000 | $193,000 | $460,000 | $94,000 | $150,000 |
| Mortgage Insurance Denied | 2 | $461,000 | $230,000 | $275,000 | $115,000 | $116,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Riverside National Bank of Fl'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 Riverside National Bank of Fl'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 Florida, download the full spreadsheet
with aggregated HMDA statistics today.
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