Worldwide Financial Resources Mortgage Lending & HMDA Data, 2005
In 2005, Worldwide Financial Resources of Morganville, NJ reported 2,751 mortgage applications totaling $683.6 million, down 28% from 2004. The average application was for $248,484, and applicants reported an average income of $110,840. 78% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Edison, NJ (790), New York-Wayne-White Plains, NY-NJ (422) and Newark-Union, NJ-PA (336) (applications in parentheses).
| Mortgage Company & Address | Worldwide Financial Resources 50 US Highway Rt 9 Morganville, NJ 07751 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,751 |
| Total Mortgage Loan Application Amount | $683,582,000 |
| Average Mortgage Loan Application Amount | $248,484 |
| Highest Mortgage Loan Application Amount | $1,900,000 |
| Average Applicant Income | $110,840 |
| Highest Applicant Income | $1,807,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Worldwide Financial Resources filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Edison, NJ | 790 | $ 200,498,000 | $ 253,794 | $ 99,000 |
| New York-Wayne-White Plains, NY-NJ | 422 | $ 118,226,000 | $ 280,156 | $ 147,000 |
| Newark-Union, NJ-PA | 336 | $ 85,852,000 | $ 255,511 | $ 104,000 |
| Philadelphia, PA | 101 | $ 19,636,000 | $ 194,415 | $ 120,000 |
| Bethesda-Frederick-Gaithersburg, MD | 96 | $ 30,832,000 | $ 321,166 | $ 112,000 |
| Nassau-Suffolk, NY | 79 | $ 25,900,000 | $ 327,848 | $ 152,000 |
| Camden, NJ | 76 | $ 14,344,000 | $ 188,736 | $ 83,000 |
| Baltimore-Towson, MD | 35 | $ 5,569,000 | $ 159,114 | $ 138,000 |
| Trenton-Ewing, NJ | 34 | $ 5,026,000 | $ 147,823 | $ 102,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 28 | $ 3,978,000 | $ 142,071 | $ 80,000 |
| Lancaster, PA | 25 | $ 3,213,000 | $ 128,520 | $ 75,000 |
| Bridgeport-Stamford-Norwalk, CT | 22 | $ 5,749,000 | $ 261,318 | $ 112,000 |
| Orlando, FL | 22 | $ 3,107,000 | $ 141,227 | $ 141,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 21 | $ 5,160,000 | $ 245,714 | $ 107,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 19 | $ 5,764,000 | $ 303,368 | $ 116,000 |
| Miami-Miami Beach-Kendall, FL | 16 | $ 4,693,000 | $ 293,312 | $ 212,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 14 | $ 2,867,000 | $ 204,785 | $ 76,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 13 | $ 3,338,000 | $ 256,769 | $ 119,000 |
| Ocean City, NJ | 12 | $ 3,814,000 | $ 317,833 | $ 138,000 |
| Los Angeles-Long Beach-Glendale, CA | 10 | $ 2,651,000 | $ 265,100 | $ 128,000 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 10 | $ 1,196,000 | $ 119,600 | $ 113,000 |
| Richmond, VA | 10 | $ 2,158,000 | $ 215,800 | $ 83,000 |
| Santa Ana-Anaheim-Irvine, CA | 10 | $ 3,549,000 | $ 354,900 | $ 136,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 10 | $ 2,243,000 | $ 224,300 | $ 93,000 |
| Scranton--Wilkes-Barre, PA | 9 | $ 1,172,000 | $ 130,222 | $ 56,000 |
| York-Hanover, PA | 9 | $ 1,402,000 | $ 155,777 | $ 83,000 |
| Jacksonville, FL | 8 | $ 1,648,000 | $ 206,000 | $ 76,000 |
| San Diego-Carlsbad-San Marcos, CA | 8 | $ 2,159,000 | $ 269,875 | $ 103,000 |
| Hartford-West Hartford-East Hartford, CT | 7 | $ 900,000 | $ 128,571 | $ 53,000 |
| Naples-Marco Island, FL | 7 | $ 1,144,000 | $ 163,428 | $ 173,000 |
| Tampa-St. Petersburg-Clearwater, FL | 7 | $ 1,175,000 | $ 167,857 | $ 71,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 6 | $ 1,291,000 | $ 215,166 | $ 24,000 |
| Albany-Schenectady-Troy, NY | 5 | $ 408,000 | $ 81,600 | $ 75,000 |
| Atlantic City, NJ | 5 | $ 1,031,000 | $ 206,200 | $ 69,000 |
| Dallas-Plano-Irving, TX | 5 | $ 751,000 | $ 150,200 | $ 72,000 |
| Harrisburg-Carlisle, PA | 5 | $ 780,000 | $ 156,000 | $ 95,000 |
| New Haven-Milford, CT | 5 | $ 1,075,000 | $ 215,000 | $ 61,000 |
| Punta Gorda, FL | 5 | $ 676,000 | $ 135,200 | $ 137,000 |
| Roanoke, VA | 5 | $ 420,000 | $ 84,000 | $ 117,000 |
| Buffalo-Niagara Falls, NY | 4 | $ 432,000 | $ 108,000 | $ 137,000 |
| Port St. Lucie-Fort Pierce, FL | 4 | $ 990,000 | $ 247,500 | $ 165,000 |
| Sarasota-Bradenton-Venice, FL | 4 | $ 785,000 | $ 196,250 | $ 108,000 |
| Wilmington, DE-MD-NJ | 4 | $ 761,000 | $ 190,250 | $ 91,000 |
| Charlotte-Gastonia-Concord, NC-SC | 3 | $ 474,000 | $ 158,000 | $ 82,000 |
| Kingston, NY | 3 | $ 485,000 | $ 161,666 | $ 131,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 3 | $ 779,000 | $ 259,666 | $ 109,000 |
| Vineland-Millville-Bridgeton, NJ | 3 | $ 603,000 | $ 201,000 | $ 163,000 |
| Warren-Farmington Hills-Troy, MI | 3 | $ 1,167,000 | $ 389,000 | $ 317,000 |
| Asheville, NC | 2 | $ 324,000 | $ 162,000 | $ 117,000 |
| Birmingham-Hoover, AL | 2 | $ 219,000 | $ 109,500 | $ 504,000 |
| Boulder, CO | 2 | $ 143,000 | $ 71,500 | $ 30,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 1,178,000 | $ 589,000 | $ 101,000 |
| College Station-Bryan, TX | 2 | $ 143,000 | $ 71,500 | $ 54,000 |
| Houston-Baytown-Sugar Land, TX | 2 | $ 200,000 | $ 100,000 | $ 57,000 |
| Ithaca, NY | 2 | $ 200,000 | $ 100,000 | $ 115,000 |
| Johnstown, PA | 2 | $ 371,000 | $ 185,500 | $ 244,000 |
| Lakeland, FL | 2 | $ 400,000 | $ 200,000 | $ 58,000 |
| Lebanon, PA | 2 | $ 320,000 | $ 160,000 | $ 46,000 |
| Lynchburg, VA | 2 | $ 285,000 | $ 142,500 | $ 128,000 |
| Modesto, CA | 2 | $ 247,000 | $ 123,500 | $ 75,000 |
| Norwich-New London, CT | 2 | $ 165,000 | $ 82,500 | $ 44,000 |
| Portland-Vancouver-Beaverton, OR-WA | 2 | $ 353,000 | $ 176,500 | $ 68,000 |
| Reading, PA | 2 | $ 247,000 | $ 123,500 | $ 48,000 |
| Riverside-San Bernardino-Ontario, CA | 2 | $ 624,000 | $ 312,000 | $ 51,000 |
| Santa Rosa-Petaluma, CA | 2 | $ 260,000 | $ 130,000 | $ 70,000 |
| St. Louis, MO-IL | 2 | $ 227,000 | $ 113,500 | $ 75,000 |
| Vero Beach, FL | 2 | $ 290,000 | $ 145,000 | $ 29,000 |
| Ann Arbor, MI | 1 | $ 640,000 | $ 640,000 | $ 1,500,000 |
| Atlanta-Sandy Springs-Marietta, GA | 1 | $ 280,000 | $ 280,000 | $ 75,000 |
| Austin-Round Rock, TX | 1 | $ 225,000 | $ 225,000 | $ 47,000 |
| Bakersfield, CA | 1 | $ 158,000 | $ 158,000 | $ 50,000 |
| Cambridge-Newton-Framingham, MA | 1 | $ 529,000 | $ 529,000 | $ 178,000 |
| Colorado Springs, CO | 1 | $ 175,000 | $ 175,000 | $ 33,000 |
| Denver-Aurora, CO | 1 | $ 154,000 | $ 154,000 | $ 79,000 |
| Essex County, MA | 1 | $ 304,000 | $ 304,000 | $ 126,000 |
| Gainesville, FL | 1 | $ 144,000 | $ 144,000 | $ 65,000 |
| Glens Falls, NY | 1 | $ 130,000 | $ 130,000 | $ 0 |
| Killeen-Temple-Fort Hood, TX | 1 | $ 95,000 | $ 95,000 | $ 124,000 |
| Panama City-Lynn Haven, FL | 1 | $ 270,000 | $ 270,000 | $ 113,000 |
| Pittsburgh, PA | 1 | $ 150,000 | $ 150,000 | $ 28,000 |
| Pittsfield, MA | 1 | $ 180,000 | $ 180,000 | $ 60,000 |
| Pueblo, CO | 1 | $ 176,000 | $ 176,000 | $ 67,000 |
| Rochester, NY | 1 | $ 97,000 | $ 97,000 | $ 33,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 842,000 | $ 842,000 | $ 128,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 430,000 | $ 430,000 | $ 76,000 |
| Santa Fe, NM | 1 | $ 209,000 | $ 209,000 | $ 69,000 |
| Utica-Rome, NY | 1 | $ 105,000 | $ 105,000 | $ 52,000 |
| Waco, TX | 1 | $ 200,000 | $ 200,000 | $ 93,000 |
| Williamsport, PA | 1 | $ 116,000 | $ 116,000 | $ 68,000 |
| Worcester, MA | 1 | $ 300,000 | $ 300,000 | $ 98,000 |
Mortgage Loan Application Detail Totals for Worldwide Financial Resources 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 |
|---|---|---|---|---|---|---|
| Refinancing | 1,573 | $393,732,000 | $213,157 | $1,900,000 | $91,000 | $1,644,000 |
| Home Purchase | 1,178 | $289,850,000 | $209,350 | $1,680,000 | $150,950 | $1,807,000 |
| 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 | 1,326 | $333,567,000 | $233,950 | $1,900,000 | $133,600 | $1,644,000 |
| Not Provided | 1,077 | $269,429,000 | $200,150 | $1,680,000 | $144,600 | $1,807,000 |
| Hispanic | 157 | $36,309,000 | $224,857 | $650,000 | $92,000 | $565,000 |
| Black or African American | 98 | $21,845,000 | $193,500 | $1,850,000 | $94,333 | $450,000 |
| Asian | 90 | $21,804,000 | $228,625 | $960,000 | $113,875 | $720,000 |
| American Indian or Alaskan Native | 2 | $506,000 | $253,000 | $350,000 | $50,000 | $52,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $122,000 | $122,000 | $122,000 | $96,000 | $96,000 |
| 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) | 2,741 | $681,467,000 | $210,523 | $1,900,000 | $138,095 | $1,807,000 |
| FHA-insured (Federal Housing Administration) | 6 | $1,148,000 | $157,333 | $282,000 | $46,000 | $84,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 2 | $481,000 | $240,000 | $341,000 | $85,000 | $124,000 |
| VA-guaranteed (Veterans Administration) | 2 | $486,000 | $243,000 | $350,000 | $22,000 | $44,000 |
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 | 2,141 | $525,301,000 | $232,555 | $1,900,000 | $110,500 | $1,807,000 |
| Application Withdrawn By Applicant | 518 | $136,660,000 | $214,111 | $1,850,000 | $148,166 | $1,500,000 |
| Application Denied By Financial Institution | 58 | $13,613,000 | $226,142 | $840,000 | $93,285 | $350,000 |
| Application Approved But Not Accepted | 21 | $5,305,000 | $163,833 | $1,000,000 | $66,833 | $272,000 |
| File Closed For Incompleteness | 13 | $2,703,000 | $199,400 | $500,000 | $103,200 | $200,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 4 | $1,280,000 | $263,000 | $646,000 | $65,000 | $173,000 |
| Employment History | 2 | $140,000 | $70,000 | $70,000 | $0 | $0 |
| Other | 2 | $289,000 | $144,500 | $225,000 | $81,000 | $115,000 |
| Collateral | 1 | $73,000 | $73,000 | $73,000 | $148,000 | $148,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Worldwide Financial Resources'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 Worldwide Financial Resources'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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