Lennar Mortgage, LLC Mortgage Lending & HMDA Data, 2003

In 2003, Lennar Mortgage, LLC of Miami, FL reported 25,989 mortgage applications totaling $4.2 billion. The average application was for $161,675, and applicants reported an average income of $72,977. 77% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Houston, TX (3,268), Tampa-St. Petersburg-Clearwater, FL (3,043) and Phoenix-Mesa, AZ (1,433) (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 25,989
Total Mortgage Loan Application Amount $4,201,773,000
Average Mortgage Loan Application Amount $161,675
Highest Mortgage Loan Application Amount $788,000
Average Applicant Income $72,977
Highest Applicant Income $6,984,000

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Act (HMDA) records Lennar Mortgage, LLC filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

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Mortgage Loan Application Detail Totals for Lennar Mortgage, LLC in 2003

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 (one-to-four family) 24,460 $3,958,317,000 $161,187 $750,000 $78,750 $6,984,000
Refinancing (home purchase or home improvement, one-to-four family) 801 $128,853,000 $171,062 $694,000 $80,562 $1,044,000
Home Improvement (one-to-four family) 728 $114,603,000 $161,384 $788,000 $77,461 $1,569,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 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 15,186 $2,439,451,000 $156,777 $750,000 $88,055 $6,984,000
Information not provided by applicant in mail or telephone application 3,664 $620,781,000 $178,583 $788,000 $80,750 $2,820,000
Hispanic 3,147 $485,929,000 $174,416 $630,000 $63,166 $798,000
Black 1,912 $314,012,000 $196,615 $720,000 $70,615 $600,000
Asian or Pacific Islander 1,574 $267,495,000 $204,307 $650,000 $80,846 $672,000
Other 481 $70,085,000 $163,416 $455,000 $80,500 $507,000
American Indian or Alaskan Native 24 $3,896,000 $226,000 $323,000 $64,800 $396,000
Not applicable 1 $124,000 $124,000 $124,000 $90,000 $90,000

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) 20,497 $3,418,462,000 $166,789 $788,000 $91,263 $6,984,000
FHA-insured (Federal Housing Administration) 4,326 $578,943,000 $147,076 $303,000 $47,230 $2,820,000
VA-guaranteed (Veterans Administration) 1,163 $203,925,000 $204,000 $323,000 $69,583 $189,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3 $443,000 $147,666 $198,000 $49,666 $57,000

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 20,062 $3,256,512,000 $179,411 $750,000 $83,823 $6,984,000
Application Withdrawn By Applicant 4,474 $724,967,000 $163,812 $788,000 $77,000 $1,269,000
Application Denied By Financial Institution 1,381 $209,774,000 $195,333 $694,000 $79,333 $2,820,000
Application Approved But Not Accepted 53 $7,558,000 $150,666 $268,000 $76,666 $320,000
File Closed For Incompleteness 19 $2,962,000 $160,000 $290,000 $67,000 $134,000
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 616 $91,324,000 $199,666 $694,000 $79,333 $2,820,000
Debt-To-Income Ratio 319 $46,870,000 $179,083 $560,000 $68,000 $672,000
Other 235 $40,633,000 $178,200 $600,000 $95,000 $600,000
Employment History 74 $10,615,000 $169,300 $323,000 $53,000 $193,000
Unverifiable Information 34 $5,080,000 $148,428 $414,000 $68,857 $240,000
Insufficient Cash (Downpayment, Closing Cost) 32 $5,932,000 $214,142 $428,000 $68,285 $130,000
Credit Application Incomplete 11 $1,601,000 $161,833 $301,000 $53,833 $116,000
Collateral 2 $328,000 $164,000 $185,000 $52,000 $60,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Lennar Mortgage, LLC's 2003 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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