Lennar Mortgage, LLC Mortgage Lending & HMDA Data, 2008

In 2008, Lennar Mortgage, LLC of Miami, FL reported 14,574 mortgage applications totaling $3.1 billion, down 28% from 2007. The average application was for $210,779, and applicants reported an average income of $84,029. 64% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Houston-Sugar Land-Baytown, TX (2,982), Tampa-St. Petersburg-Clearwater, FL (1,164) and Austin-Round Rock, TX (995) (applications in parentheses).

Mortgage Company & Address Lennar Mortgage, LLC
5505 Waterford District Drive Suite 505
Miami, FL 33126
Tel #: available with data download
Federal Regulator * available with data download
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Total Number of Mortgage Applications 14,574
Total Mortgage Loan Application Amount $3,071,904,000
Average Mortgage Loan Application Amount $210,779
Highest Mortgage Loan Application Amount $1,610,000
Average Applicant Income $84,029
Highest Applicant Income $4,397,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Lennar Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Lennar Mortgage, LLC by Metropolitan Area in 2008

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Houston-Sugar Land-Baytown, TX 2,982 $ 523,698,000 $ 175,619 $ 84,000
Tampa-St. Petersburg-Clearwater, FL 1,164 $ 203,703,000 $ 175,002 $ 67,000
Austin-Round Rock, TX 995 $ 166,390,000 $ 167,226 $ 66,000
Las Vegas-Paradise, NV 807 $ 206,710,000 $ 256,146 $ 84,000
Phoenix-Mesa-Scottsdale, AZ 785 $ 193,096,000 $ 245,982 $ 85,000
Minneapolis-St. Paul-Bloomington, MN-WI 551 $ 162,806,000 $ 295,473 $ 118,000
Lakeland-Winter Haven, FL 540 $ 88,422,000 $ 163,744 $ 63,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 481 $ 160,453,000 $ 333,582 $ 105,428
Orlando-Kissimmee, FL 430 $ 97,033,000 $ 225,658 $ 81,000
Jacksonville, FL 415 $ 82,782,000 $ 199,474 $ 75,000
Fort Worth-Arlington, TX 352 $ 51,935,000 $ 147,542 $ 67,000
Chicago-Naperville-Joliet, IL 347 $ 85,006,000 $ 244,974 $ 97,000
Fort Lauderdale-Pompano Beach-Deerfield Beach, FL 336 $ 73,076,000 $ 217,488 $ 76,000
Bradenton-Sarasota-Venice, FL 314 $ 60,878,000 $ 193,878 $ 88,000
Miami-Miami Beach-Kendall, FL 311 $ 76,545,000 $ 246,125 $ 82,000
Dallas-Plano-Irving, TX 310 $ 46,910,000 $ 151,322 $ 68,000
Reno-Sparks, NV 294 $ 77,483,000 $ 263,547 $ 91,000
Tucson, AZ 250 $ 49,771,000 $ 199,084 $ 69,000
San Antonio, TX 241 $ 44,579,000 $ 184,975 $ 71,000
Edison-New Brunswick, NJ 224 $ 63,885,000 $ 285,200 $ 131,000
Raleigh-Cary, NC 217 $ 51,426,000 $ 236,986 $ 90,000
Denver-Aurora, CO 215 $ 62,139,000 $ 289,018 $ 116,000
Charlotte-Gastonia-Concord, NC-SC 190 $ 42,601,000 $ 224,215 $ 79,810
Cape Coral-Fort Myers, FL 176 $ 35,659,000 $ 202,607 $ 93,000
Myrtle Beach-North Myrtle Beach-Conway, SC 176 $ 30,360,000 $ 172,500 $ 69,000
Charleston-North Charleston-Summerville, SC 170 $ 37,716,000 $ 221,858 $ 79,000
Baltimore-Towson, MD 162 $ 55,317,000 $ 341,462 $ 115,000
Naples-Marco Island, FL 153 $ 31,852,000 $ 208,183 $ 135,000
Palm Bay-Melbourne-Titusville, FL 149 $ 29,003,000 $ 194,651 $ 82,000
York-Hanover, PA 126 $ 22,527,000 $ 178,785 $ 74,000
Greenville-Mauldin-Easley, SC 84 $ 13,734,000 $ 163,500 $ 74,000
Port St. Lucie, FL 78 $ 14,539,000 $ 186,397 $ 94,000
Bethesda-Frederick-Gaithersburg, MD 65 $ 16,866,000 $ 259,476 $ 96,000
Virginia Beach-Norfolk-Newport News, VA-NC 64 $ 17,604,000 $ 275,062 $ 111,000
Lancaster, PA 52 $ 8,152,000 $ 156,769 $ 61,000
West Palm Beach-Boca Raton-Boynton Beach, FL 49 $ 13,339,000 $ 272,224 $ 107,000
Anderson, SC 25 $ 4,550,000 $ 182,000 $ 76,000
Atlantic City-Hammonton, NJ 24 $ 6,680,000 $ 278,333 $ 124,000
Colorado Springs, CO 24 $ 6,554,000 $ 273,083 $ 84,000
Sebastian-Vero Beach, FL 23 $ 3,968,000 $ 172,521 $ 85,000
Newark-Union, NJ-PA 21 $ 5,392,000 $ 256,761 $ 93,000
Spartanburg, SC 19 $ 2,454,000 $ 129,157 $ 53,000
Durham, NC 9 $ 2,265,000 $ 251,666 $ 105,000
Harrisburg-Carlisle, PA 9 $ 2,488,000 $ 276,444 $ 95,000
Hagerstown-Martinsburg, MD-WV 8 $ 2,252,000 $ 281,500 $ 98,000
Ocean City, NJ 7 $ 1,009,000 $ 144,142 $ 57,000
Camden, NJ 4 $ 1,087,000 $ 271,750 $ 89,000
Vineland-Millville-Bridgeton, NJ 4 $ 818,000 $ 204,500 $ 89,000
Lake County-Kenosha County, IL-WI 3 $ 924,000 $ 308,000 $ 182,000
Cambridge-Newton-Framingham, MA 2 $ 610,000 $ 305,000 $ 80,000
Punta Gorda, FL 2 $ 121,000 $ 60,500 $ 39,000
Scranton--Wilkes-Barre, PA 2 $ 150,000 $ 75,000 $ 66,000
Carson City, NV 1 $ 146,000 $ 146,000 $ 39,000
New York-White Plains-Wayne, NY-NJ 1 $ 417,000 $ 417,000 $ 148,000
Ocala, FL 1 $ 106,000 $ 106,000 $ 67,000
Waco, TX 1 $ 145,000 $ 145,000 $ 60,000

Mortgage Loan Application Detail Totals for Lennar Mortgage, LLC in 2008

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 14,338 $3,018,935,000 $210,000 $1,610,000 $84,000 $4,397,000
Refinancing 233 $52,291,000 $224,000 $675,000 $86,000 $335,000
Home Improvement 3 $678,000 $226,000 $299,000 $70,000 $82,000

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 7,098 $1,531,222,000 $215,000 $823,000 $90,000 $893,000
Hispanic 2,422 $457,104,000 $188,000 $680,000 $71,000 $4,397,000
Not Provided 2,393 $501,417,000 $209,000 $729,000 $81,000 $1,150,000
Black or African American 1,506 $305,435,000 $202,000 $540,000 $70,000 $276,000
Asian 942 $229,952,000 $244,000 $1,610,000 $96,000 $957,000
Native Hawaiian or Other Pacific Islander 102 $23,664,000 $232,000 $406,000 $83,000 $337,000
Not applicable 61 $12,302,000 $201,000 $462,000 $92,000 $297,000
American Indian or Alaskan Native 50 $10,808,000 $216,000 $475,000 $76,000 $188,000

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
FHA-insured (Federal Housing Administration) 8,240 $1,605,220,000 $194,000 $741,000 $71,000 $347,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 5,434 $1,243,319,000 $228,000 $1,610,000 $104,000 $4,397,000
VA-guaranteed (Veterans Administration) 900 $223,365,000 $248,000 $513,000 $81,000 $248,000
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
Loan Originated 9,315 $1,982,968,000 $212,000 $823,000 $87,000 $4,397,000
Application Denied By Financial Institution 3,062 $641,058,000 $209,000 $1,610,000 $79,000 $771,000
Application Withdrawn By Applicant 1,869 $377,504,000 $201,000 $729,000 $74,000 $492,000
Application Approved But Not Accepted 236 $55,312,000 $234,000 $500,000 $98,000 $635,000
File Closed For Incompleteness 92 $15,062,000 $163,000 $438,000 $63,000 $335,000
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 918 $212,925,000 $231,000 $720,000 $100,000 $771,000
Debt-To-Income Ratio 705 $147,968,000 $209,000 $1,610,000 $62,000 $375,000
Credit History 669 $124,945,000 $186,000 $533,000 $66,000 $361,000
Credit Application Incomplete 266 $53,237,000 $200,000 $600,000 $91,000 $338,000
Employment History 187 $37,225,000 $199,000 $405,000 $67,000 $240,000
Unverifiable Information 169 $33,378,000 $197,000 $496,000 $84,000 $654,000
Insufficient Cash (Downpayment, Closing Cost) 104 $22,158,000 $213,000 $512,000 $79,000 $321,000
Collateral 35 $7,523,000 $214,000 $397,000 $95,000 $300,000
Mortgage Insurance Denied 8 $1,566,000 $195,000 $272,000 $86,000 $141,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Lennar Mortgage, LLC's 2008 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 Lennar Mortgage, 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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