Winstar Mortgage Partners, Inc Mortgage Lending & HMDA Data, 2005
In 2005, Winstar Mortgage Partners, Inc of Plymouth, MN reported 9,230 mortgage applications totaling $2.1 billion, up 336% from 2004. The average application was for $231,581, and applicants reported an average income of $86,932. 53% of its applications resulted in an originated loan and 15% were denied. Its largest markets were Minneapolis-St. Paul-Bloomington, MN-WI (1,691), San Diego-Carlsbad-San Marcos, CA (574) and Phoenix-Mesa-Scottsdale, AZ (397) (applications in parentheses).
| Mortgage Company & Address | Winstar Mortgage Partners, Inc 13705 First Avenue North, Suite 500 Plymouth, MN 55441 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2006 2005 2004 |
| Total Number of Mortgage Applications | 9,230 |
| Total Mortgage Loan Application Amount | $2,137,501,000 |
| Average Mortgage Loan Application Amount | $231,581 |
| Highest Mortgage Loan Application Amount | $1,500,000 |
| Average Applicant Income | $86,932 |
| Highest Applicant Income | $4,320,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Winstar Mortgage Partners, Inc filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Winstar Mortgage Partners, Inc in 2005
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 | 4,619 | $945,195,000 | $159,105 | $1,340,000 | $87,631 | $4,320,000 |
| Refinancing | 4,611 | $1,192,306,000 | $205,093 | $1,500,000 | $70,750 | $1,412,000 |
| 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 | 4,933 | $1,100,597,000 | $174,027 | $1,500,000 | $101,583 | $1,412,000 |
| Not applicable | 1,339 | $265,618,000 | $174,826 | $1,340,000 | $0 | $0 |
| Hispanic | 934 | $235,751,000 | $169,437 | $1,300,000 | $82,687 | $536,000 |
| Asian | 912 | $294,217,000 | $207,500 | $1,330,000 | $97,166 | $720,000 |
| Black or African American | 623 | $121,710,000 | $163,346 | $1,000,000 | $85,692 | $480,000 |
| Not Provided | 403 | $95,196,000 | $185,500 | $1,012,000 | $124,090 | $4,320,000 |
| Native Hawaiian or Other Pacific Islander | 60 | $18,611,000 | $311,000 | $860,000 | $138,750 | $944,000 |
| American Indian or Alaskan Native | 26 | $5,801,000 | $200,600 | $612,000 | $64,000 | $276,000 |
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) | 9,167 | $2,127,130,000 | $169,025 | $1,500,000 | $83,384 | $4,320,000 |
| FHA-insured (Federal Housing Administration) | 42 | $5,738,000 | $129,538 | $234,000 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 21 | $4,633,000 | $186,600 | $346,000 | $0 | $0 |
| 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 | 4,909 | $1,162,143,000 | $179,393 | $1,500,000 | $93,545 | $1,412,000 |
| Application Denied By Financial Institution | 1,380 | $299,252,000 | $150,758 | $1,264,000 | $86,586 | $1,200,000 |
| Loan Purchased By The Institution | 1,339 | $265,618,000 | $174,826 | $1,340,000 | $0 | $0 |
| Application Approved But Not Accepted | 670 | $190,383,000 | $190,833 | $1,400,000 | $113,083 | $936,000 |
| File Closed For Incompleteness | 533 | $133,077,000 | $185,307 | $1,500,000 | $125,884 | $4,320,000 |
| Application Withdrawn By Applicant | 399 | $87,028,000 | $205,875 | $1,000,000 | $97,875 | $576,000 |
| 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 | 373 | $86,583,000 | $158,833 | $1,012,000 | $77,333 | $1,200,000 |
| Debt-To-Income Ratio | 265 | $55,462,000 | $179,857 | $855,000 | $72,142 | $376,000 |
| Credit Application Incomplete | 253 | $48,720,000 | $172,578 | $1,264,000 | $73,368 | $576,000 |
| Other | 207 | $44,719,000 | $125,130 | $1,000,000 | $96,739 | $379,000 |
| Collateral | 166 | $35,453,000 | $186,523 | $1,190,000 | $93,285 | $470,000 |
| Employment History | 57 | $13,242,000 | $187,166 | $776,000 | $97,166 | $511,000 |
| Unverifiable Information | 48 | $12,658,000 | $182,000 | $1,000,000 | $104,111 | $450,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 10 | $2,019,000 | $186,000 | $440,000 | $100,000 | $191,000 |
| Mortgage Insurance Denied | 1 | $396,000 | $396,000 | $396,000 | $134,000 | $134,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Winstar Mortgage Partners, Inc's 2005 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 Winstar Mortgage Partners, Inc'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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