Waterfield Bank Mortgage Lending & HMDA Data, 2006
In 2006, Waterfield Bank of Bethesda, MD reported 1,310 mortgage applications totaling $345.3 million, up 644% from 2005. The average application was for $263,593, and applicants reported an average income of $125,983. 80% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Washington-Arlington-Alexandria, DC-VA-MD-WV (255), Bethesda-Gaithersburg-Frederick, MD (163) and Edison, NJ (97) (applications in parentheses).
| Mortgage Company & Address | Waterfield Bank 6903 Rockledge Drive, Suite 525 Bethesda, MD 20817 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 1,310 |
| Total Mortgage Loan Application Amount | $345,307,000 |
| Average Mortgage Loan Application Amount | $263,593 |
| Highest Mortgage Loan Application Amount | $1,570,000 |
| Average Applicant Income | $125,983 |
| Highest Applicant Income | $1,700,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Waterfield Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 255 | $ 84,955,000 | $ 333,156 | $ 174,474 |
| Bethesda-Gaithersburg-Frederick, MD | 163 | $ 58,623,000 | $ 359,650 | $ 150,000 |
| Edison, NJ | 97 | $ 27,410,000 | $ 282,577 | $ 113,000 |
| New York-White Plains-Wayne, NY-NJ | 94 | $ 28,102,000 | $ 298,957 | $ 106,255 |
| Baltimore-Towson, MD | 88 | $ 20,644,000 | $ 234,590 | $ 115,000 |
| Philadelphia, PA | 78 | $ 11,457,000 | $ 146,884 | $ 91,000 |
| Camden, NJ | 65 | $ 16,422,000 | $ 252,646 | $ 102,000 |
| Pittsburgh, PA | 53 | $ 6,347,000 | $ 119,754 | $ 84,000 |
| Orlando-Kissimmee, FL | 46 | $ 11,129,000 | $ 241,934 | $ 104,000 |
| Newark-Union, NJ-PA | 44 | $ 12,749,000 | $ 289,750 | $ 109,000 |
| Miami-Miami Beach-Kendall, FL | 34 | $ 11,071,000 | $ 325,617 | $ 163,000 |
| Indianapolis-Carmel, IN | 23 | $ 2,401,000 | $ 104,391 | $ 85,000 |
| Tampa-St. Petersburg-Clearwater, FL | 19 | $ 3,463,000 | $ 182,263 | $ 79,000 |
| Atlantic City, NJ | 12 | $ 2,497,000 | $ 208,083 | $ 90,000 |
| Trenton-Ewing, NJ | 12 | $ 2,430,000 | $ 202,500 | $ 81,000 |
| Hagerstown-Martinsburg, MD-WV | 10 | $ 1,524,000 | $ 152,400 | $ 61,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 8 | $ 1,268,000 | $ 158,500 | $ 101,000 |
| Lancaster, PA | 7 | $ 914,000 | $ 130,571 | $ 85,000 |
| Rochester, NY | 6 | $ 383,000 | $ 63,833 | $ 65,000 |
| Palm Bay-Melbourne-Titusville, FL | 5 | $ 1,154,000 | $ 230,800 | $ 59,000 |
| Reading, PA | 5 | $ 1,099,000 | $ 219,800 | $ 106,000 |
| Richmond, VA | 5 | $ 1,944,000 | $ 388,800 | $ 210,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 5 | $ 1,352,000 | $ 270,400 | $ 178,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 5 | $ 1,375,000 | $ 275,000 | $ 288,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 4 | $ 955,000 | $ 238,750 | $ 64,250 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,149,000 | $ 287,250 | $ 152,000 |
| Jacksonville, FL | 4 | $ 359,000 | $ 89,750 | $ 21,000 |
| Austin-Round Rock, TX | 3 | $ 945,000 | $ 315,000 | $ 259,000 |
| Boston-Quincy, MA | 3 | $ 245,000 | $ 81,666 | $ 94,000 |
| Fayetteville, NC | 3 | $ 225,000 | $ 75,000 | $ 50,000 |
| Lakeland, FL | 3 | $ 458,000 | $ 152,666 | $ 45,000 |
| Port St. Lucie-Fort Pierce, FL | 3 | $ 713,000 | $ 237,666 | $ 104,000 |
| Wilmington, DE-MD-NJ | 3 | $ 498,000 | $ 166,000 | $ 98,666 |
| Albany-Schenectady-Troy, NY | 2 | $ 222,000 | $ 111,000 | $ 66,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 249,000 | $ 124,500 | $ 61,000 |
| Bloomington, IN | 2 | $ 120,000 | $ 60,000 | $ 52,000 |
| Charleston-North Charleston, SC | 2 | $ 463,000 | $ 231,500 | $ 82,000 |
| Columbia, SC | 2 | $ 170,000 | $ 85,000 | $ 0 |
| Fort Wayne, IN | 2 | $ 378,000 | $ 189,000 | $ 109,000 |
| Gainesville, GA | 2 | $ 622,000 | $ 311,000 | $ 325,000 |
| Huntington-Ashland, WV-KY-OH | 2 | $ 379,000 | $ 189,500 | $ 50,000 |
| Johnstown, PA | 2 | $ 352,000 | $ 176,000 | $ 73,000 |
| Kokomo, IN | 2 | $ 123,000 | $ 61,500 | $ 52,000 |
| Nashville-Davidson--Murfreesboro, TN | 2 | $ 348,000 | $ 174,000 | $ 151,000 |
| Nassau-Suffolk, NY | 2 | $ 925,000 | $ 462,500 | $ 348,000 |
| Phoenix-Mesa-Scottsdale, AZ | 2 | $ 247,000 | $ 123,500 | $ 67,000 |
| Scranton--Wilkes-Barre, PA | 2 | $ 131,000 | $ 65,500 | $ 40,000 |
| State College, PA | 2 | $ 249,000 | $ 124,500 | $ 58,000 |
| Tulsa, OK | 2 | $ 115,000 | $ 57,500 | $ 70,000 |
| Winston-Salem, NC | 2 | $ 257,000 | $ 128,500 | $ 75,000 |
| Akron, OH | 1 | $ 123,000 | $ 123,000 | $ 66,000 |
| Altoona, PA | 1 | $ 58,000 | $ 58,000 | $ 144,000 |
| Bakersfield, CA | 1 | $ 210,000 | $ 210,000 | $ 82,000 |
| Canton-Massillon, OH | 1 | $ 87,000 | $ 87,000 | $ 54,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 266,000 | $ 266,000 | $ 468,000 |
| Champaign-Urbana, IL | 1 | $ 53,000 | $ 53,000 | $ 48,000 |
| Charlotte-Gastonia-Concord, NC-SC | 1 | $ 170,000 | $ 170,000 | $ 35,000 |
| Cumberland, MD-WV | 1 | $ 45,000 | $ 45,000 | $ 18,000 |
| Dayton, OH | 1 | $ 50,000 | $ 50,000 | $ 26,000 |
| Denver-Aurora, CO | 1 | $ 196,000 | $ 196,000 | $ 63,000 |
| Durham, NC | 1 | $ 139,000 | $ 139,000 | $ 50,000 |
| El Centro, CA | 1 | $ 256,000 | $ 256,000 | $ 76,000 |
| Elkhart-Goshen, IN | 1 | $ 143,000 | $ 143,000 | $ 50,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 234,000 | $ 234,000 | $ 78,000 |
| Fresno, CA | 1 | $ 125,000 | $ 125,000 | $ 16,000 |
| Gainesville, FL | 1 | $ 95,000 | $ 95,000 | $ 89,000 |
| Glens Falls, NY | 1 | $ 300,000 | $ 300,000 | $ 112,000 |
| Harrisburg-Carlisle, PA | 1 | $ 162,000 | $ 162,000 | $ 62,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 225,000 | $ 225,000 | $ 86,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 84,000 | $ 84,000 | $ 70,000 |
| Las Vegas-Paradise, NV | 1 | $ 194,000 | $ 194,000 | $ 58,000 |
| Lebanon, PA | 1 | $ 206,000 | $ 206,000 | $ 90,000 |
| Los Angeles-Long Beach-Glendale, CA | 1 | $ 75,000 | $ 75,000 | $ 20,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 370,000 | $ 370,000 | $ 145,000 |
| Naples-Marco Island, FL | 1 | $ 297,000 | $ 297,000 | $ 84,000 |
| New Haven-Milford, CT | 1 | $ 108,000 | $ 108,000 | $ 130,000 |
| Ocean City, NJ | 1 | $ 425,000 | $ 425,000 | $ 184,000 |
| Providence-New Bedford-Fall River, RI-MA | 1 | $ 170,000 | $ 170,000 | $ 52,000 |
| Raleigh-Cary, NC | 1 | $ 163,000 | $ 163,000 | $ 120,000 |
| Roanoke, VA | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Sarasota-Bradenton-Venice, FL | 1 | $ 182,000 | $ 182,000 | $ 247,000 |
| St. Louis, MO-IL | 1 | $ 120,000 | $ 120,000 | $ 51,000 |
| Vineland-Millville-Bridgeton, NJ | 1 | $ 319,000 | $ 319,000 | $ 123,000 |
Mortgage Loan Application Detail Totals for Waterfield Bank in 2006
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 | 656 | $173,169,000 | $263,000 | $1,570,000 | $109,000 | $1,236,000 |
| Home Purchase | 615 | $162,437,000 | $264,000 | $1,500,000 | $146,000 | $1,700,000 |
| Home Improvement | 39 | $9,701,000 | $248,000 | $950,000 | $96,000 | $841,000 |
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 | 666 | $185,000,000 | $277,000 | $1,570,000 | $135,000 | $1,320,000 |
| Not Provided | 228 | $57,143,000 | $250,000 | $1,500,000 | $121,000 | $1,700,000 |
| Hispanic | 201 | $48,263,000 | $240,000 | $975,000 | $90,000 | $483,000 |
| Black or African American | 161 | $37,592,000 | $233,000 | $960,000 | $126,000 | $471,000 |
| Asian | 49 | $15,700,000 | $320,000 | $1,200,000 | $179,000 | $552,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $1,533,000 | $383,000 | $600,000 | $153,000 | $311,000 |
| American Indian or Alaskan Native | 1 | $76,000 | $76,000 | $76,000 | $78,000 | $78,000 |
| 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) | 1,309 | $345,107,000 | $263,000 | $1,570,000 | $126,000 | $1,700,000 |
| FHA-insured (Federal Housing Administration) | 1 | $200,000 | $200,000 | $200,000 | $166,000 | $166,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Loan Originated | 1,050 | $273,620,000 | $260,000 | $1,500,000 | $121,000 | $1,700,000 |
| Application Approved But Not Accepted | 129 | $36,417,000 | $282,000 | $1,500,000 | $130,000 | $978,000 |
| Application Denied By Financial Institution | 94 | $22,071,000 | $234,000 | $1,570,000 | $141,000 | $873,000 |
| Application Withdrawn By Applicant | 37 | $13,199,000 | $356,000 | $1,499,000 | $224,000 | $1,236,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 21 | $4,299,000 | $204,000 | $680,000 | $118,000 | $513,000 |
| Collateral | 17 | $4,842,000 | $284,000 | $1,000,000 | $160,000 | $424,000 |
| Debt-To-Income Ratio | 15 | $2,155,000 | $143,000 | $640,000 | $62,000 | $129,000 |
| Unverifiable Information | 15 | $3,991,000 | $266,000 | $1,570,000 | $149,000 | $873,000 |
| Other | 11 | $1,877,000 | $170,000 | $496,000 | $70,000 | $168,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 9 | $3,135,000 | $348,000 | $705,000 | $321,000 | $666,000 |
| Employment History | 4 | $987,000 | $246,000 | $328,000 | $177,000 | $311,000 |
| Credit Application Incomplete | 2 | $785,000 | $392,000 | $417,000 | $251,000 | $376,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Waterfield Bank's 2006 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 Waterfield Bank'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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