Yale Mortgage Corp Mortgage Lending & HMDA Data, 2004
In 2004, Yale Mortgage Corp of Miami, FL reported 6,533 mortgage applications totaling $921.6 million. The average application was for $141,074, and applicants reported an average income of $0. 20% of its applications resulted in an originated loan and 12% were denied. Its largest markets were Miami-Miami Beach-Kendall, FL (805), Tampa-St. Petersburg-Clearwater, FL (642) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (591) (applications in parentheses).
| Mortgage Company & Address | Yale Mortgage Corp 4100 Ne 2nd Avenue Suite 206 Miami, FL 33137 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 6,533 |
| Total Mortgage Loan Application Amount | $921,642,000 |
| Average Mortgage Loan Application Amount | $141,074 |
| Highest Mortgage Loan Application Amount | $14,500,000 |
| Average Applicant Income | $0 |
| Highest Applicant Income | $43,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Yale Mortgage Corp filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Yale Mortgage Corp in 2004
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 | 4,668 | $562,286,000 | $145,500 | $14,500,000 | $0 | $43,000 |
| Home Purchase | 1,865 | $359,356,000 | $236,000 | $7,015,000 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Not Provided | 3,522 | $514,680,000 | $212,833 | $14,500,000 | $0 | $43,000 |
| White | 1,062 | $131,060,000 | $127,333 | $2,210,000 | $0 | $0 |
| Hispanic | 977 | $153,104,000 | $132,666 | $5,000,000 | $0 | $0 |
| Black or African American | 903 | $97,707,000 | $106,333 | $4,128,000 | $0 | $0 |
| Not applicable | 26 | $17,142,000 | $1,932,333 | $5,000,000 | $0 | $0 |
| Asian | 25 | $3,640,000 | $186,500 | $725,000 | $0 | $0 |
| American Indian or Alaskan Native | 12 | $3,424,000 | $161,666 | $1,500,000 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 6 | $885,000 | $146,000 | $240,000 | $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) | 6,526 | $919,992,000 | $209,833 | $14,500,000 | $0 | $43,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $1,441,000 | $253,000 | $1,200,000 | $0 | $0 |
| FHA-insured (Federal Housing Administration) | 2 | $209,000 | $104,500 | $120,000 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 |
|---|---|---|---|---|---|---|
| Application Withdrawn By Applicant | 4,073 | $621,062,000 | $163,333 | $14,500,000 | $0 | $35,000 |
| Loan Originated | 1,324 | $126,748,000 | $90,750 | $650,000 | $0 | $43,000 |
| Application Denied By Financial Institution | 816 | $131,309,000 | $240,500 | $3,600,000 | $0 | $0 |
| Application Approved But Not Accepted | 289 | $38,128,000 | $170,500 | $2,340,000 | $0 | $0 |
| File Closed For Incompleteness | 29 | $4,239,000 | $150,666 | $875,000 | $0 | $0 |
| Loan Purchased By The Institution | 1 | $72,000 | $72,000 | $72,000 | $0 | $0 |
| Preapproval Denied by Financial Institution | 1 | $84,000 | $84,000 | $84,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 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 |
|---|---|---|---|---|---|---|
| Collateral | 746 | $123,053,000 | $243,500 | $3,600,000 | $0 | $0 |
| Other | 58 | $6,653,000 | $95,333 | $600,000 | $0 | $0 |
| Credit History | 4 | $355,000 | $78,666 | $192,000 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $411,000 | $137,000 | $260,000 | $0 | $0 |
| Unverifiable Information | 1 | $140,000 | $140,000 | $140,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Yale Mortgage Corp's 2004 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 Yale Mortgage Corp'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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