Union Bank of Florida Mortgage Lending & HMDA Data, 2004
In 2004, Union Bank of Florida of Sunrise, FL reported 224 mortgage applications totaling $49.4 million. The average application was for $220,397, and applicants reported an average income of $105,584. 21% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (59), Miami-Miami Beach-Kendall, FL (42) and Tampa-St. Petersburg-Clearwater, FL (33) (applications in parentheses).
| Mortgage Company & Address | Union Bank of Florida 1580 Sawgrass Corporate Parkway #310 Sunrise, FL 33323 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2004 |
| Total Number of Mortgage Applications | 224 |
| Total Mortgage Loan Application Amount | $49,369,000 |
| Average Mortgage Loan Application Amount | $220,397 |
| Highest Mortgage Loan Application Amount | $7,000,000 |
| Average Applicant Income | $105,584 |
| Highest Applicant Income | $2,100,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Union Bank of Florida filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 59 | $ 7,053,000 | $ 119,542 | $ 230,000 |
| Miami-Miami Beach-Kendall, FL | 42 | $ 14,484,000 | $ 344,857 | $ 189,000 |
| Tampa-St. Petersburg-Clearwater, FL | 33 | $ 3,065,000 | $ 92,878 | $ 0 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 23 | $ 10,214,000 | $ 444,086 | $ 120,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 7 | $ 488,000 | $ 69,714 | $ 0 |
| Orlando, FL | 7 | $ 539,000 | $ 77,000 | $ 0 |
| Atlanta-Sandy Springs-Marietta, GA | 5 | $ 904,000 | $ 180,800 | $ 0 |
| Port St. Lucie-Fort Pierce, FL | 5 | $ 344,000 | $ 68,800 | $ 0 |
| Sarasota-Bradenton-Venice, FL | 5 | $ 1,265,000 | $ 253,000 | $ 0 |
| Cape Coral-Fort Myers, FL | 3 | $ 768,000 | $ 256,000 | $ 0 |
| Indianapolis, IN | 2 | $ 879,000 | $ 439,500 | $ 0 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 504,000 | $ 252,000 | $ 0 |
| San Antonio, TX | 2 | $ 1,069,000 | $ 534,500 | $ 0 |
| San Francisco-San Mateo-Redwood City, CA | 2 | $ 971,000 | $ 485,500 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 802,000 | $ 401,000 | $ 0 |
| Asheville, NC | 1 | $ 102,000 | $ 102,000 | $ 0 |
| Cambridge-Newton-Framingham, MA | 1 | $ 310,000 | $ 310,000 | $ 0 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Dallas-Plano-Irving, TX | 1 | $ 302,000 | $ 302,000 | $ 0 |
| Denver-Aurora, CO | 1 | $ 559,000 | $ 559,000 | $ 0 |
| Houston-Baytown-Sugar Land, TX | 1 | $ 134,000 | $ 134,000 | $ 0 |
| Jacksonville, FL | 1 | $ 44,000 | $ 44,000 | $ 0 |
| Lakeland, FL | 1 | $ 35,000 | $ 35,000 | $ 0 |
| Las Vegas-Paradise, NV | 1 | $ 168,000 | $ 168,000 | $ 0 |
| Louisville, KY-IN | 1 | $ 191,000 | $ 191,000 | $ 0 |
| Naples-Marco Island, FL | 1 | $ 117,000 | $ 117,000 | $ 0 |
| Nashville-Davidson--Murfreesboro, TN | 1 | $ 219,000 | $ 219,000 | $ 0 |
| New York-Wayne-White Plains, NY-NJ | 1 | $ 348,000 | $ 348,000 | $ 0 |
| Oakland-Fremont-Hayward, CA | 1 | $ 562,000 | $ 562,000 | $ 0 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Panama City-Lynn Haven, FL | 1 | $ 60,000 | $ 60,000 | $ 0 |
| Punta Gorda, FL | 1 | $ 65,000 | $ 65,000 | $ 0 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 995,000 | $ 995,000 | $ 0 |
| Santa Ana-Anaheim-Irvine, CA | 1 | $ 244,000 | $ 244,000 | $ 0 |
| Santa Cruz-Watsonville, CA | 1 | $ 397,000 | $ 397,000 | $ 0 |
Mortgage Loan Application Detail Totals for Union Bank of Florida in 2004
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 | 134 | $24,098,000 | $338,777 | $4,000,000 | $14,777 | $2,100,000 |
| Home Improvement | 49 | $3,762,000 | $76,000 | $750,000 | $135,000 | $1,736,000 |
| Home Purchase | 41 | $21,509,000 | $282,000 | $7,000,000 | $5,363 | $324,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 153 | $36,346,000 | $295,866 | $7,000,000 | $0 | $0 |
| White | 53 | $5,069,000 | $114,000 | $640,000 | $71,500 | $1,736,000 |
| Hispanic | 12 | $1,213,000 | $101,000 | $339,000 | $99,000 | $324,000 |
| Not Provided | 3 | $5,002,000 | $1,667,000 | $4,000,000 | $1,038,000 | $2,100,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $989,000 | $494,000 | $960,000 | $20,000 | $40,000 |
| Black or African American | 1 | $750,000 | $750,000 | $750,000 | $840,000 | $840,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Asian | 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) | 224 | $49,369,000 | $289,800 | $7,000,000 | $7,666 | $2,100,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 Purchased By The Institution | 145 | $20,664,000 | $282,200 | $995,000 | $0 | $0 |
| Loan Originated | 46 | $13,431,000 | $291,000 | $1,650,000 | $149,000 | $1,736,000 |
| Application Denied By Financial Institution | 19 | $824,000 | $43,000 | $154,000 | $57,000 | $162,000 |
| Application Withdrawn By Applicant | 8 | $4,695,000 | $586,000 | $4,000,000 | $666,000 | $2,100,000 |
| Application Approved But Not Accepted | 6 | $9,755,000 | $1,625,000 | $7,000,000 | $239,000 | $1,014,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Credit History | 14 | $400,000 | $28,000 | $50,000 | $45,000 | $162,000 |
| Debt-To-Income Ratio | 3 | $404,000 | $134,000 | $154,000 | $51,000 | $72,000 |
| Collateral | 1 | $10,000 | $10,000 | $10,000 | $58,000 | $58,000 |
| Credit Application Incomplete | 1 | $10,000 | $10,000 | $10,000 | $126,000 | $126,000 |
| 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Union Bank of Florida's 2004 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 Union Bank of Florida'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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