Universal American Mtg. of Pa Mortgage Lending & HMDA Data, 2007
In 2007, Universal American Mtg. of Pa of Miami, FL reported 335 mortgage applications totaling $68.3 million. The average application was for $203,794, and applicants reported an average income of $92,238. 62% of its applications resulted in an originated loan and 19% were denied. Its largest markets were York-Hanover, PA (212), Lancaster, PA (43) and Baltimore-Towson, MD (41) (applications in parentheses).
| Mortgage Company & Address | Universal American Mtg. of Pa 700 Nw 107th Avenue, 3rd Fl Miami, FL 33172 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 |
| Total Number of Mortgage Applications | 335 |
| Total Mortgage Loan Application Amount | $68,271,000 |
| Average Mortgage Loan Application Amount | $203,794 |
| Highest Mortgage Loan Application Amount | $1,000,000 |
| Average Applicant Income | $92,238 |
| Highest Applicant Income | $380,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Universal American Mtg. of Pa filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| York, Pennsylvania | 212 | $ 36,494,000 | $ 172,141 | $ 82,000 |
| Lancaster, Pennsylvania | 43 | $ 5,841,000 | $ 135,837 | $ 70,000 |
| Baltimore, Maryland | 32 | $ 14,520,000 | $ 453,750 | $ 177,000 |
| Cecil, Maryland | 14 | $ 3,334,000 | $ 238,142 | $ 118,000 |
| Franklin, Pennsylvania | 14 | $ 2,531,000 | $ 180,785 | $ 85,000 |
| Harford, Maryland | 8 | $ 2,693,000 | $ 336,625 | $ 114,000 |
| Cumberland, Pennsylvania | 6 | $ 1,539,000 | $ 256,500 | $ 92,000 |
| Bucks, Pennsylvania | 2 | $ 796,000 | $ 398,000 | $ 240,000 |
| Baltimore City, Maryland | 1 | $ 149,000 | $ 149,000 | $ 44,000 |
| Adams, Pennsylvania | 1 | $ 225,000 | $ 225,000 | $ 75,000 |
| Allegheny, Pennsylvania | 1 | $ 52,000 | $ 52,000 | $ 21,000 |
| Luzerne, Pennsylvania | 1 | $ 97,000 | $ 97,000 | $ 63,000 |
Mortgage Loan Application Detail Totals for Universal American Mtg. of Pa in 2007
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 | 330 | $67,189,000 | $203,000 | $1,000,000 | $92,000 | $380,000 |
| Refinancing | 5 | $1,082,000 | $216,000 | $365,000 | $108,000 | $218,000 |
| 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 | 160 | $30,509,000 | $190,000 | $1,000,000 | $92,000 | $254,000 |
| Not Provided | 126 | $27,746,000 | $220,000 | $1,000,000 | $97,000 | $380,000 |
| Black or African American | 33 | $6,576,000 | $199,000 | $478,000 | $76,000 | $186,000 |
| Hispanic | 8 | $1,547,000 | $193,000 | $338,000 | $73,000 | $106,000 |
| Asian | 8 | $1,893,000 | $236,000 | $407,000 | $116,000 | $179,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 246 | $53,130,000 | $215,000 | $1,000,000 | $101,000 | $380,000 |
| FHA-insured (Federal Housing Administration) | 72 | $11,630,000 | $161,000 | $287,000 | $68,000 | $254,000 |
| VA-guaranteed (Veterans Administration) | 17 | $3,511,000 | $206,000 | $358,000 | $82,000 | $154,000 |
| 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 | 207 | $41,044,000 | $198,000 | $1,000,000 | $94,000 | $380,000 |
| Application Denied By Financial Institution | 63 | $12,302,000 | $195,000 | $754,000 | $97,000 | $228,000 |
| Application Withdrawn By Applicant | 55 | $12,589,000 | $228,000 | $1,000,000 | $86,000 | $264,000 |
| Application Approved But Not Accepted | 10 | $2,336,000 | $233,000 | $393,000 | $81,000 | $136,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 28 | $5,624,000 | $200,000 | $754,000 | $100,000 | $209,000 |
| Debt-To-Income Ratio | 16 | $2,726,000 | $170,000 | $343,000 | $75,000 | $150,000 |
| Credit History | 11 | $2,352,000 | $213,000 | $504,000 | $113,000 | $228,000 |
| Employment History | 2 | $391,000 | $195,000 | $260,000 | $151,000 | $188,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $283,000 | $141,000 | $151,000 | $128,000 | $189,000 |
| Unverifiable Information | 2 | $447,000 | $223,000 | $293,000 | $79,000 | $99,000 |
| Credit Application Incomplete | 2 | $479,000 | $239,000 | $285,000 | $77,000 | $102,000 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Universal American Mtg. of Pa's 2007 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 Universal American Mtg. of Pa'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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