Security Atlantic Wholesale Mortgage Lending & HMDA Data, 2006

In 2006, Security Atlantic Wholesale of Edison, NJ reported 3,823 mortgage applications totaling $825.3 million, up 165% from 2005. The average application was for $215,887, and applicants reported an average income of $87,508. 31% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Newark-Union, NJ-PA (1,146), Edison, NJ (599) and New York-White Plains-Wayne, NY-NJ (504) (applications in parentheses).

Mortgage Company & Address Security Atlantic Wholesale
499 Thornall St, Suite 220
Edison, NJ 08837
Tel #: available with data download
Federal Regulator * available with data download
Years 2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 3,823
Total Mortgage Loan Application Amount $825,338,000
Average Mortgage Loan Application Amount $215,887
Highest Mortgage Loan Application Amount $1,950,000
Average Applicant Income $87,508
Highest Applicant Income $1,200,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Security Atlantic Wholesale filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Security Atlantic Wholesale by County in 2006

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Essex, New Jersey 661 $ 147,000,000 $ 222,390 $ 87,000
Union, New Jersey 364 $ 86,568,000 $ 237,824 $ 92,000
Hudson, New Jersey 189 $ 51,128,000 $ 270,518 $ 102,000
Middlesex, New Jersey 182 $ 44,180,000 $ 242,747 $ 103,000
Monmouth, New Jersey 182 $ 45,546,000 $ 250,252 $ 102,000
Ocean, New Jersey 166 $ 41,322,000 $ 248,927 $ 89,000
Passaic, New Jersey 166 $ 40,754,000 $ 245,506 $ 79,000
Camden, New Jersey 123 $ 17,598,000 $ 143,073 $ 70,000
Philadelphia, Pennsylvania 118 $ 12,333,000 $ 104,516 $ 50,000
Burlington, New Jersey 112 $ 19,738,000 $ 176,232 $ 88,000
Mercer, New Jersey 101 $ 15,981,000 $ 158,227 $ 75,000
Atlantic, New Jersey 77 $ 15,248,000 $ 198,025 $ 68,000
Bergen, New Jersey 70 $ 22,420,000 $ 320,285 $ 153,000
Somerset, New Jersey 69 $ 16,692,000 $ 241,913 $ 88,000
Morris, New Jersey 55 $ 15,877,000 $ 288,672 $ 117,000
Broward, Florida 50 $ 9,807,000 $ 196,140 $ 64,000
Gloucester, New Jersey 46 $ 8,348,000 $ 181,478 $ 66,000
Sussex, New Jersey 45 $ 11,741,000 $ 260,911 $ 113,000
Palm Beach, Florida 44 $ 9,859,000 $ 224,068 $ 77,000
Luzerne, Pennsylvania 38 $ 2,820,000 $ 74,210 $ 45,000
Warren, New Jersey 37 $ 8,334,000 $ 225,243 $ 80,000
New Haven, Connecticut 35 $ 5,111,000 $ 146,028 $ 88,000
Montgomery, Pennsylvania 34 $ 6,852,000 $ 201,529 $ 122,000
Miami-Dade, Florida 33 $ 5,523,000 $ 167,363 $ 72,000
Monroe, Pennsylvania 30 $ 5,084,000 $ 169,466 $ 62,000
Berks, Pennsylvania 29 $ 3,723,000 $ 128,379 $ 84,000
Bucks, Pennsylvania 27 $ 5,513,000 $ 204,185 $ 67,000
Cumberland, New Jersey 26 $ 3,906,000 $ 150,230 $ 61,000
Suffolk, New York 25 $ 8,461,000 $ 338,440 $ 141,000
New Castle, Delaware 24 $ 3,679,000 $ 153,291 $ 52,000
Northampton, Pennsylvania 23 $ 3,989,000 $ 173,434 $ 91,000
Nassau, New York 21 $ 6,430,000 $ 306,190 $ 123,000
Delaware, Pennsylvania 21 $ 2,714,000 $ 129,238 $ 52,000
Fairfield, Connecticut 19 $ 4,473,000 $ 235,421 $ 99,000
Cape May, New Jersey 19 $ 5,177,000 $ 272,473 $ 117,000
Queens, New York 18 $ 6,352,000 $ 352,888 $ 107,000
Hillsborough, Florida 17 $ 3,183,000 $ 187,235 $ 112,000
Prince George's, Maryland 17 $ 4,073,000 $ 239,588 $ 80,000
Duval, Florida 16 $ 1,871,000 $ 116,937 $ 45,000
Bronx, New York 16 $ 4,565,000 $ 285,312 $ 164,000
Richmond, New York 16 $ 4,378,000 $ 273,625 $ 100,000
Hunterdon, New Jersey 15 $ 4,365,000 $ 291,000 $ 105,000
Lehigh, Pennsylvania 14 $ 1,291,000 $ 92,214 $ 79,000
Pasco, Florida 13 $ 1,988,000 $ 152,923 $ 59,000
Orange, Florida 12 $ 1,829,000 $ 152,416 $ 60,000
St. Lucie, Florida 12 $ 2,233,000 $ 186,083 $ 46,000
Kings, New York 12 $ 5,190,000 $ 432,500 $ 140,000
Orange, New York 12 $ 2,741,000 $ 228,416 $ 90,000
Lee, Florida 11 $ 3,403,000 $ 309,363 $ 178,000
Chester, Pennsylvania 11 $ 2,341,000 $ 212,818 $ 97,000
Lackawanna, Pennsylvania 11 $ 1,257,000 $ 114,272 $ 67,000
Pinellas, Florida 10 $ 1,764,000 $ 176,400 $ 80,000
Baltimore City, Maryland 10 $ 1,347,000 $ 134,700 $ 75,000
Salem, New Jersey 10 $ 1,868,000 $ 186,800 $ 74,000
Westchester, New York 10 $ 3,805,000 $ 380,500 $ 123,000
Hartford, Connecticut 9 $ 1,209,000 $ 134,333 $ 61,000
Flagler, Florida 9 $ 1,119,000 $ 124,333 $ 88,000
Richmond, Georgia 9 $ 751,000 $ 83,444 $ 35,000
Dutchess, New York 8 $ 1,809,000 $ 226,125 $ 77,000
Hamilton, Ohio 8 $ 957,000 $ 119,625 $ 58,000
Volusia, Florida 7 $ 853,000 $ 121,857 $ 42,000
Osceola, Florida 6 $ 861,000 $ 143,500 $ 74,000
Baltimore, Maryland 6 $ 1,095,000 $ 182,500 $ 57,000
Dauphin, Pennsylvania 6 $ 731,000 $ 121,833 $ 50,000
Pike, Pennsylvania 6 $ 1,185,000 $ 197,500 $ 81,000
Schuylkill, Pennsylvania 6 $ 618,000 $ 103,000 $ 61,000
Fulton, Georgia 5 $ 859,000 $ 171,800 $ 76,000
Anne Arundel, Maryland 5 $ 1,034,000 $ 206,800 $ 73,000
Carbon, Pennsylvania 5 $ 963,000 $ 192,600 $ 68,000
Litchfield, Connecticut 4 $ 851,000 $ 212,750 $ 72,000
Highlands, Florida 4 $ 332,000 $ 83,000 $ 114,000
Polk, Florida 4 $ 717,000 $ 179,250 $ 99,000
Seminole, Florida 4 $ 727,000 $ 181,750 $ 67,000
DeKalb, Georgia 4 $ 694,000 $ 173,500 $ 59,000
Worcester, Massachusetts 4 $ 1,883,000 $ 470,750 $ 223,000
Broome, New York 4 $ 268,000 $ 67,000 $ 51,000
Onondaga, New York 4 $ 406,000 $ 101,500 $ 40,000
Cumberland, Pennsylvania 4 $ 493,000 $ 123,250 $ 46,000
New London, Connecticut 3 $ 469,000 $ 156,333 $ 48,000
Escambia, Florida 3 $ 389,000 $ 129,666 $ 56,000
Manatee, Florida 3 $ 617,000 $ 205,666 $ 95,000
Columbia, Georgia 3 $ 288,000 $ 96,000 $ 51,000
Muscogee, Georgia 3 $ 253,000 $ 84,333 $ 22,000
Carroll, Maryland 3 $ 1,663,000 $ 554,333 $ 188,000
Harford, Maryland 3 $ 523,000 $ 174,333 $ 74,000
Albany, New York 3 $ 341,000 $ 113,666 $ 83,000
Monroe, New York 3 $ 311,000 $ 103,666 $ 60,000
New York, New York 3 $ 2,635,000 $ 878,333 $ 201,000
Putnam, New York 3 $ 1,179,000 $ 393,000 $ 107,000
Saratoga, New York 3 $ 486,000 $ 162,000 $ 115,000
Clermont, Ohio 3 $ 568,000 $ 189,333 $ 68,000
Allegheny, Pennsylvania 3 $ 538,000 $ 179,333 $ 74,000
Bedford, Pennsylvania 3 $ 215,000 $ 71,666 $ 41,000
Columbia, Pennsylvania 3 $ 325,000 $ 108,333 $ 9,000
Franklin, Pennsylvania 3 $ 471,000 $ 157,000 $ 54,000
York, Pennsylvania 3 $ 351,000 $ 117,000 $ 40,000
Windham, Connecticut 2 $ 380,000 $ 190,000 $ 75,000
Kent, Delaware 2 $ 453,000 $ 226,500 $ 66,000
Clay, Florida 2 $ 470,000 $ 235,000 $ 79,000
Martin, Florida 2 $ 362,000 $ 181,000 $ 47,000
Santa Rosa, Florida 2 $ 109,000 $ 54,500 $ 182,000
Gwinnett, Georgia 2 $ 406,000 $ 203,000 $ 0
DuPage, Illinois 2 $ 360,000 $ 180,000 $ 57,000
Campbell, Kentucky 2 $ 318,000 $ 159,000 $ 62,000
Grant, Kentucky 2 $ 181,000 $ 90,500 $ 32,000
Laurel, Kentucky 2 $ 336,000 $ 168,000 $ 68,000
Allegany, Maryland 2 $ 234,000 $ 117,000 $ 37,000
Charles, Maryland 2 $ 561,000 $ 280,500 $ 92,000
Montgomery, Maryland 2 $ 455,000 $ 227,500 $ 81,000
Norfolk, Massachusetts 2 $ 1,805,000 $ 902,500 $ 333,000
Plymouth, Massachusetts 2 $ 444,000 $ 222,000 $ 74,000
Suffolk, Massachusetts 2 $ 500,000 $ 250,000 $ 192,000
Chenango, New York 2 $ 152,000 $ 76,000 $ 41,000
Sullivan, New York 2 $ 446,000 $ 223,000 $ 66,000
Ulster, New York 2 $ 556,000 $ 278,000 $ 104,000
Jefferson, Ohio 2 $ 111,000 $ 55,500 $ 27,000
Clearfield, Pennsylvania 2 $ 138,000 $ 69,000 $ 32,000
Lancaster, Pennsylvania 2 $ 201,000 $ 100,500 $ 98,000
Northumberland, Pennsylvania 2 $ 202,000 $ 101,000 $ 65,000
Wayne, Pennsylvania 2 $ 196,000 $ 98,000 $ 79,000
Hampton, Virginia 2 $ 311,000 $ 155,500 $ 40,000
Middlesex, Connecticut 1 $ 298,000 $ 298,000 $ 118,000
Tolland, Connecticut 1 $ 171,000 $ 171,000 $ 49,000
Sussex, Delaware 1 $ 132,000 $ 132,000 $ 35,000
Brevard, Florida 1 $ 152,000 $ 152,000 $ 57,000
DeSoto, Florida 1 $ 81,000 $ 81,000 $ 46,000
Marion, Florida 1 $ 71,000 $ 71,000 $ 0
Monroe, Florida 1 $ 600,000 $ 600,000 $ 145,000
Sumter, Florida 1 $ 22,000 $ 22,000 $ 76,000
Bibb, Georgia 1 $ 125,000 $ 125,000 $ 49,000
Chatham, Georgia 1 $ 90,000 $ 90,000 $ 31,000
Gilmer, Georgia 1 $ 161,000 $ 161,000 $ 54,000
Henry, Georgia 1 $ 130,000 $ 130,000 $ 45,000
Rockdale, Georgia 1 $ 139,000 $ 139,000 $ 62,000
Stephens, Georgia 1 $ 84,000 $ 84,000 $ 28,000
Warren, Georgia 1 $ 38,000 $ 38,000 $ 42,000
Porter, Indiana 1 $ 162,000 $ 162,000 $ 91,000
Boone, Kentucky 1 $ 160,000 $ 160,000 $ 38,000
Fayette, Kentucky 1 $ 117,000 $ 117,000 $ 49,000
Henry, Kentucky 1 $ 119,000 $ 119,000 $ 26,000
Kenton, Kentucky 1 $ 780,000 $ 780,000 $ 277,000
East Feliciana, Louisiana 1 $ 161,000 $ 161,000 $ 54,000
Frederick, Maryland 1 $ 192,000 $ 192,000 $ 74,000
Howard, Maryland 1 $ 507,000 $ 507,000 $ 192,000
Somerset, Maryland 1 $ 121,000 $ 121,000 $ 39,000
St. Mary's, Maryland 1 $ 111,000 $ 111,000 $ 65,000
Washington, Maryland 1 $ 274,000 $ 274,000 $ 86,000
Wicomico, Maryland 1 $ 177,000 $ 177,000 $ 59,000
Bristol, Massachusetts 1 $ 194,000 $ 194,000 $ 106,000
Essex, Massachusetts 1 $ 237,000 $ 237,000 $ 60,000
Hampden, Massachusetts 1 $ 94,000 $ 94,000 $ 48,000
Middlesex, Massachusetts 1 $ 100,000 $ 100,000 $ 23,000
Cortland, New York 1 $ 110,000 $ 110,000 $ 82,000
Delaware, New York 1 $ 90,000 $ 90,000 $ 0
Erie, New York 1 $ 40,000 $ 40,000 $ 109,000
Lewis, New York 1 $ 128,000 $ 128,000 $ 61,000
Livingston, New York 1 $ 89,000 $ 89,000 $ 74,000
Montgomery, New York 1 $ 101,000 $ 101,000 $ 62,000
Ontario, New York 1 $ 80,000 $ 80,000 $ 107,000
Oswego, New York 1 $ 78,000 $ 78,000 $ 0
Rensselaer, New York 1 $ 107,000 $ 107,000 $ 39,000
Rockland, New York 1 $ 265,000 $ 265,000 $ 308,000
Wayne, New York 1 $ 52,000 $ 52,000 $ 61,000
Butler, Ohio 1 $ 130,000 $ 130,000 $ 52,000
Cuyahoga, Ohio 1 $ 100,000 $ 100,000 $ 55,000
Franklin, Ohio 1 $ 128,000 $ 128,000 $ 31,000
Highland, Ohio 1 $ 79,000 $ 79,000 $ 32,000
Pickaway, Ohio 1 $ 114,000 $ 114,000 $ 32,000
Tuscarawas, Ohio 1 $ 116,000 $ 116,000 $ 45,000
Williams, Ohio 1 $ 202,000 $ 202,000 $ 55,000
Pottawatomie, Oklahoma 1 $ 549,000 $ 549,000 $ 89,000
Armstrong, Pennsylvania 1 $ 79,000 $ 79,000 $ 31,000
Centre, Pennsylvania 1 $ 141,000 $ 141,000 $ 49,000
Clinton, Pennsylvania 1 $ 101,000 $ 101,000 $ 43,000
Erie, Pennsylvania 1 $ 174,000 $ 174,000 $ 96,000
Fayette, Pennsylvania 1 $ 81,000 $ 81,000 $ 125,000
Lawrence, Pennsylvania 1 $ 32,000 $ 32,000 $ 24,000
Lebanon, Pennsylvania 1 $ 59,000 $ 59,000 $ 45,000
Susquehanna, Pennsylvania 1 $ 60,000 $ 60,000 $ 30,000
Aiken, South Carolina 1 $ 118,000 $ 118,000 $ 46,000
Greenville, South Carolina 1 $ 122,000 $ 122,000 $ 98,000
Lubbock, Texas 1 $ 118,000 $ 118,000 $ 50,000
Tarrant, Texas 1 $ 164,000 $ 164,000 $ 50,000
Henrico, Virginia 1 $ 116,000 $ 116,000 $ 36,000
Kenosha, Wisconsin 1 $ 118,000 $ 118,000 $ 39,000

Mortgage Loan Application Detail Totals for Security Atlantic Wholesale 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 1,944 $386,437,000 $198,000 $1,740,000 $88,000 $1,200,000
Refinancing 1,879 $438,901,000 $233,000 $1,950,000 $87,000 $1,200,000
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 1,519 $343,067,000 $225,000 $1,775,000 $94,000 $1,200,000
Black or African American 1,105 $208,459,000 $188,000 $1,600,000 $77,000 $600,000
Hispanic 929 $210,639,000 $226,000 $1,950,000 $87,000 $1,200,000
Not Provided 210 $47,506,000 $226,000 $1,134,000 $87,000 $496,000
Asian 41 $11,693,000 $285,000 $524,000 $131,000 $1,200,000
American Indian or Alaskan Native 10 $1,957,000 $195,000 $600,000 $104,000 $256,000
Native Hawaiian or Other Pacific Islander 9 $2,017,000 $224,000 $470,000 $65,000 $99,000
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) 2,362 $517,235,000 $218,000 $1,950,000 $98,000 $1,200,000
FHA-insured (Federal Housing Administration) 1,461 $308,103,000 $210,000 $701,000 $69,000 $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
Application Withdrawn By Applicant 1,978 $432,343,000 $218,000 $1,750,000 $89,000 $1,200,000
Loan Originated 1,186 $240,623,000 $202,000 $875,000 $82,000 $736,000
Application Approved But Not Accepted 539 $121,411,000 $225,000 $1,600,000 $91,000 $600,000
Application Denied By Financial Institution 117 $30,589,000 $261,000 $1,950,000 $85,000 $420,000
File Closed For Incompleteness 3 $372,000 $124,000 $183,000 $23,000 $46,000
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
Other 8 $1,506,000 $188,000 $420,000 $99,000 $228,000
Collateral 7 $955,000 $136,000 $293,000 $75,000 $117,000
Credit History 5 $660,000 $132,000 $217,000 $49,000 $78,000
Debt-To-Income Ratio 4 $471,000 $117,000 $190,000 $53,000 $94,000
Unverifiable Information 1 $480,000 $480,000 $480,000 $147,000 $147,000
Credit Application Incomplete 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

Our comprehensive HMDA mortgage statistics provide invaluable insights into Security Atlantic Wholesale'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 Security Atlantic Wholesale'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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