Waterfield Bank Mortgage Lending & HMDA Data, 2007
In 2007, Waterfield Bank of Bethesda, MD reported 4,891 mortgage applications totaling $1.1 billion, up 273% from 2006. The average application was for $233,431, and applicants reported an average income of $96,291. 71% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Edison, NJ (752), Philadelphia, PA (427) and Washington-Arlington-Alexandria, DC-VA-MD-WV (414) (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 | 4,891 |
| Total Mortgage Loan Application Amount | $1,141,712,000 |
| Average Mortgage Loan Application Amount | $233,431 |
| Highest Mortgage Loan Application Amount | $2,160,000 |
| Average Applicant Income | $96,291 |
| Highest Applicant Income | $2,328,000 |
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Act (HMDA) records Waterfield Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Edison, NJ | 752 | $ 201,112,000 | $ 267,436 | $ 99,000 |
| Philadelphia, PA | 427 | $ 73,048,000 | $ 171,072 | $ 74,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 414 | $ 121,570,000 | $ 293,647 | $ 99,543 |
| Camden, NJ | 358 | $ 72,269,000 | $ 201,868 | $ 81,000 |
| New York-White Plains-Wayne, NY-NJ | 344 | $ 115,801,000 | $ 336,630 | $ 135,616 |
| Newark-Union, NJ-PA | 330 | $ 97,416,000 | $ 295,200 | $ 99,154 |
| Baltimore-Towson, MD | 189 | $ 39,631,000 | $ 209,687 | $ 85,000 |
| Bethesda-Gaithersburg-Frederick, MD | 146 | $ 46,837,000 | $ 320,801 | $ 114,000 |
| Charleston-North Charleston, SC | 131 | $ 23,983,000 | $ 183,076 | $ 95,000 |
| Pittsburgh, PA | 108 | $ 13,188,000 | $ 122,111 | $ 74,000 |
| Miami-Miami Beach-Kendall, FL | 105 | $ 28,480,000 | $ 271,238 | $ 130,000 |
| Orlando-Kissimmee, FL | 94 | $ 19,766,000 | $ 210,276 | $ 125,000 |
| Atlantic City, NJ | 77 | $ 17,543,000 | $ 227,831 | $ 89,000 |
| Trenton-Ewing, NJ | 71 | $ 14,064,000 | $ 198,084 | $ 69,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 66 | $ 16,342,000 | $ 247,606 | $ 111,000 |
| Tampa-St. Petersburg-Clearwater, FL | 61 | $ 11,435,000 | $ 187,459 | $ 125,000 |
| Columbia, SC | 49 | $ 5,481,000 | $ 111,857 | $ 45,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 42 | $ 8,656,000 | $ 206,095 | $ 81,571 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | 42 | $ 10,289,000 | $ 244,976 | $ 222,000 |
| Detroit-Livonia-Dearborn, MI | 40 | $ 6,089,000 | $ 152,225 | $ 56,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 32 | $ 8,860,000 | $ 276,875 | $ 114,000 |
| Boston-Quincy, MA | 30 | $ 8,110,000 | $ 270,333 | $ 96,000 |
| Reading, PA | 28 | $ 4,128,000 | $ 147,428 | $ 84,000 |
| Wilmington, DE-MD-NJ | 28 | $ 6,231,000 | $ 222,535 | $ 97,964 |
| Ocean City, NJ | 25 | $ 7,414,000 | $ 296,560 | $ 140,000 |
| Scranton--Wilkes-Barre, PA | 25 | $ 2,560,000 | $ 102,400 | $ 79,000 |
| Cambridge-Newton-Framingham, MA | 21 | $ 5,837,000 | $ 277,952 | $ 131,000 |
| Atlanta-Sandy Springs-Marietta, GA | 20 | $ 4,289,000 | $ 214,450 | $ 121,000 |
| Florence, SC | 20 | $ 2,636,000 | $ 131,800 | $ 47,000 |
| Jacksonville, FL | 20 | $ 3,907,000 | $ 195,350 | $ 89,000 |
| Lancaster, PA | 20 | $ 2,673,000 | $ 133,650 | $ 54,000 |
| Vineland-Millville-Bridgeton, NJ | 20 | $ 3,841,000 | $ 192,050 | $ 82,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 20 | $ 4,095,000 | $ 204,750 | $ 66,900 |
| Warren-Troy-Farmington Hills, MI | 20 | $ 5,328,000 | $ 266,400 | $ 113,000 |
| Sarasota-Bradenton-Venice, FL | 19 | $ 5,888,000 | $ 309,894 | $ 94,000 |
| York-Hanover, PA | 19 | $ 2,789,000 | $ 146,789 | $ 93,000 |
| Raleigh-Cary, NC | 18 | $ 2,906,000 | $ 161,444 | $ 76,000 |
| Charlotte-Gastonia-Concord, NC-SC | 17 | $ 1,922,000 | $ 113,058 | $ 49,000 |
| State College, PA | 17 | $ 2,448,000 | $ 144,000 | $ 65,000 |
| Altoona, PA | 14 | $ 1,336,000 | $ 95,428 | $ 66,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 13 | $ 3,321,000 | $ 255,461 | $ 132,000 |
| Johnstown, PA | 12 | $ 980,000 | $ 81,666 | $ 30,000 |
| Lakeland, FL | 12 | $ 1,950,000 | $ 162,500 | $ 110,000 |
| Cape Coral-Fort Myers, FL | 11 | $ 2,284,000 | $ 207,636 | $ 80,000 |
| Chicago-Naperville-Joliet, IL | 11 | $ 2,265,000 | $ 205,909 | $ 95,000 |
| Greenville-Mauldin-Easley, SC | 11 | $ 965,000 | $ 87,727 | $ 39,000 |
| Peabody, MA | 11 | $ 2,677,000 | $ 243,363 | $ 70,000 |
| Panama City-Lynn Haven, FL | 10 | $ 2,573,000 | $ 257,300 | $ 145,000 |
| Richmond, VA | 10 | $ 1,867,000 | $ 186,700 | $ 59,000 |
| Cincinnati-Middletown, OH-KY-IN | 9 | $ 713,000 | $ 79,222 | $ 70,666 |
| Sumter, SC | 9 | $ 924,000 | $ 102,666 | $ 34,000 |
| Albany-Schenectady-Troy, NY | 8 | $ 1,040,000 | $ 130,000 | $ 50,000 |
| Harrisburg-Carlisle, PA | 8 | $ 1,394,000 | $ 174,250 | $ 84,000 |
| Nassau-Suffolk, NY | 8 | $ 3,744,000 | $ 468,000 | $ 135,000 |
| Port St. Lucie, FL | 8 | $ 1,394,000 | $ 174,250 | $ 74,000 |
| Youngstown-Warren-Boardman, OH-PA | 8 | $ 617,000 | $ 77,125 | $ 37,250 |
| Akron, OH | 7 | $ 777,000 | $ 111,000 | $ 49,000 |
| Worcester, MA | 7 | $ 1,377,000 | $ 196,714 | $ 86,000 |
| Hagerstown-Martinsburg, MD-WV | 6 | $ 1,600,000 | $ 266,666 | $ 98,333 |
| Providence-New Bedford-Fall River, RI-MA | 6 | $ 1,353,000 | $ 225,500 | $ 84,333 |
| Appleton, WI | 5 | $ 562,000 | $ 112,400 | $ 56,000 |
| Indianapolis-Carmel, IN | 5 | $ 681,000 | $ 136,200 | $ 65,000 |
| Naples-Marco Island, FL | 5 | $ 891,000 | $ 178,200 | $ 119,000 |
| Rockingham County-Strafford County, NH | 5 | $ 1,153,000 | $ 230,600 | $ 62,000 |
| Bridgeport-Stamford-Norwalk, CT | 4 | $ 903,000 | $ 225,750 | $ 97,000 |
| Denver-Aurora, CO | 4 | $ 935,000 | $ 233,750 | $ 127,000 |
| Fayetteville, NC | 4 | $ 352,000 | $ 88,000 | $ 61,000 |
| Glens Falls, NY | 4 | $ 712,000 | $ 178,000 | $ 93,000 |
| Kokomo, IN | 4 | $ 258,000 | $ 64,500 | $ 47,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 4 | $ 925,000 | $ 231,250 | $ 141,000 |
| Tallahassee, FL | 4 | $ 708,000 | $ 177,000 | $ 78,000 |
| Buffalo-Niagara Falls, NY | 3 | $ 399,000 | $ 133,000 | $ 58,000 |
| Erie, PA | 3 | $ 224,000 | $ 74,666 | $ 22,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 795,000 | $ 265,000 | $ 132,000 |
| Hartford-West Hartford-East Hartford, CT | 3 | $ 787,000 | $ 262,333 | $ 68,000 |
| Kingston, NY | 3 | $ 896,000 | $ 298,666 | $ 128,000 |
| Los Angeles-Long Beach-Glendale, CA | 3 | $ 879,000 | $ 293,000 | $ 42,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 780,000 | $ 260,000 | $ 132,000 |
| New Haven-Milford, CT | 3 | $ 466,000 | $ 155,333 | $ 45,000 |
| Oshkosh-Neenah, WI | 3 | $ 426,000 | $ 142,000 | $ 80,000 |
| Punta Gorda, FL | 3 | $ 316,000 | $ 105,333 | $ 116,000 |
| Rochester, NY | 3 | $ 370,000 | $ 123,333 | $ 75,000 |
| Springfield, MA | 3 | $ 546,000 | $ 182,000 | $ 75,000 |
| Syracuse, NY | 3 | $ 228,000 | $ 76,000 | $ 57,000 |
| Winston-Salem, NC | 3 | $ 451,000 | $ 150,333 | $ 64,000 |
| Columbus, OH | 2 | $ 290,000 | $ 145,000 | $ 69,000 |
| Dover, DE | 2 | $ 540,000 | $ 270,000 | $ 146,000 |
| Fort Wayne, IN | 2 | $ 62,000 | $ 31,000 | $ 28,000 |
| Gainesville, FL | 2 | $ 361,000 | $ 180,500 | $ 43,000 |
| Greensboro-High Point, NC | 2 | $ 504,000 | $ 252,000 | $ 237,000 |
| Knoxville, TN | 2 | $ 231,000 | $ 115,500 | $ 57,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 2,607,000 | $ 1,303,500 | $ 475,000 |
| Las Vegas-Paradise, NV | 2 | $ 2,360,000 | $ 1,180,000 | $ 428,000 |
| Memphis, TN-MS-AR | 2 | $ 286,000 | $ 143,000 | $ 54,000 |
| Ocala, FL | 2 | $ 434,000 | $ 217,000 | $ 62,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 232,000 | $ 116,000 | $ 47,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 300,000 | $ 150,000 | $ 85,000 |
| Roanoke, VA | 2 | $ 225,000 | $ 112,500 | $ 0 |
| Rochester, MN | 2 | $ 300,000 | $ 150,000 | $ 43,000 |
| Salisbury, MD | 2 | $ 155,000 | $ 77,500 | $ 72,000 |
| Spartanburg, SC | 2 | $ 216,000 | $ 108,000 | $ 46,000 |
| Springfield, OH | 2 | $ 149,000 | $ 74,500 | $ 125,000 |
| St. Louis, MO-IL | 2 | $ 192,000 | $ 96,000 | $ 47,000 |
| Utica-Rome, NY | 2 | $ 337,000 | $ 168,500 | $ 45,000 |
| Wilmington, NC | 2 | $ 518,000 | $ 259,000 | $ 65,000 |
| Winchester, VA-WV | 2 | $ 334,000 | $ 167,000 | $ 45,000 |
| Anderson, SC | 1 | $ 95,000 | $ 95,000 | $ 120,000 |
| Ann Arbor, MI | 1 | $ 203,000 | $ 203,000 | $ 129,000 |
| Asheville, NC | 1 | $ 324,000 | $ 324,000 | $ 0 |
| Augusta-Richmond County, GA-SC | 1 | $ 79,000 | $ 79,000 | $ 29,000 |
| Barnstable Town, MA | 1 | $ 195,000 | $ 195,000 | $ 93,000 |
| Burlington, NC | 1 | $ 147,000 | $ 147,000 | $ 45,000 |
| Chattanooga, TN-GA | 1 | $ 132,000 | $ 132,000 | $ 40,000 |
| Dallas-Plano-Irving, TX | 1 | $ 125,000 | $ 125,000 | $ 38,000 |
| Danville, VA | 1 | $ 135,000 | $ 135,000 | $ 51,000 |
| Durham, NC | 1 | $ 274,000 | $ 274,000 | $ 67,000 |
| Eau Claire, WI | 1 | $ 100,000 | $ 100,000 | $ 67,000 |
| Fayetteville-Springdale-Rogers, AR-MO | 1 | $ 128,000 | $ 128,000 | $ 42,000 |
| Fort Walton Beach-Crestview-Destin, FL | 1 | $ 183,000 | $ 183,000 | $ 48,000 |
| Hickory-Lenoir-Morganton, NC | 1 | $ 120,000 | $ 120,000 | $ 38,000 |
| Jackson, MS | 1 | $ 121,000 | $ 121,000 | $ 74,000 |
| Jackson, TN | 1 | $ 98,000 | $ 98,000 | $ 31,000 |
| Lebanon, PA | 1 | $ 66,000 | $ 66,000 | $ 28,000 |
| Lexington-Fayette, KY | 1 | $ 257,000 | $ 257,000 | $ 55,000 |
| Madison, WI | 1 | $ 200,000 | $ 200,000 | $ 145,000 |
| Manchester-Nashua, NH | 1 | $ 140,000 | $ 140,000 | $ 37,000 |
| Michigan City-La Porte, IN | 1 | $ 110,000 | $ 110,000 | $ 62,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 205,000 | $ 205,000 | $ 82,000 |
| Mobile, AL | 1 | $ 50,000 | $ 50,000 | $ 0 |
| New Orleans-Metairie-Kenner, LA | 1 | $ 132,000 | $ 132,000 | $ 32,000 |
| Niles-Benton Harbor, MI | 1 | $ 132,000 | $ 132,000 | $ 54,000 |
| Olympia, WA | 1 | $ 154,000 | $ 154,000 | $ 49,000 |
| Palm Coast, FL | 1 | $ 249,000 | $ 249,000 | $ 324,000 |
| Peoria, IL | 1 | $ 71,000 | $ 71,000 | $ 57,000 |
| Portland-South Portland-Biddeford, ME | 1 | $ 213,000 | $ 213,000 | $ 190,000 |
| Pueblo, CO | 1 | $ 114,000 | $ 114,000 | $ 52,000 |
| Riverside-San Bernardino-Ontario, CA | 1 | $ 129,000 | $ 129,000 | $ 58,000 |
| Savannah, GA | 1 | $ 118,000 | $ 118,000 | $ 33,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 314,000 | $ 314,000 | $ 129,000 |
| Shreveport-Bossier City, LA | 1 | $ 48,000 | $ 48,000 | $ 37,000 |
| Springfield, MO | 1 | $ 83,000 | $ 83,000 | $ 33,000 |
| Topeka, KS | 1 | $ 71,000 | $ 71,000 | $ 50,000 |
| Tucson, AZ | 1 | $ 447,000 | $ 447,000 | $ 0 |
| Visalia-Porterville, CA | 1 | $ 320,000 | $ 320,000 | $ 144,000 |
| Wichita, KS | 1 | $ 171,000 | $ 171,000 | $ 93,000 |
Mortgage Loan Application Detail Totals for Waterfield Bank 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 |
|---|---|---|---|---|---|---|
| Refinancing | 2,547 | $610,728,000 | $239,000 | $1,800,000 | $92,000 | $1,893,000 |
| Home Purchase | 2,308 | $523,889,000 | $226,000 | $2,160,000 | $101,000 | $2,328,000 |
| Home Improvement | 36 | $7,095,000 | $197,000 | $828,000 | $98,000 | $480,000 |
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 | 2,528 | $594,139,000 | $235,000 | $2,160,000 | $103,000 | $2,328,000 |
| Not Provided | 834 | $186,039,000 | $223,000 | $1,365,000 | $96,000 | $1,062,000 |
| Black or African American | 768 | $164,905,000 | $214,000 | $1,500,000 | $77,000 | $709,000 |
| Hispanic | 586 | $144,129,000 | $245,000 | $1,360,000 | $87,000 | $540,000 |
| Asian | 144 | $43,932,000 | $305,000 | $1,300,000 | $109,000 | $394,000 |
| American Indian or Alaskan Native | 16 | $4,726,000 | $295,000 | $1,200,000 | $95,000 | $288,000 |
| Native Hawaiian or Other Pacific Islander | 15 | $3,842,000 | $256,000 | $399,000 | $131,000 | $282,000 |
| 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) | 4,447 | $1,044,375,000 | $234,000 | $2,160,000 | $99,000 | $2,328,000 |
| FHA-insured (Federal Housing Administration) | 408 | $92,224,000 | $226,000 | $468,000 | $72,000 | $243,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 25 | $2,376,000 | $95,000 | $207,000 | $41,000 | $75,000 |
| VA-guaranteed (Veterans Administration) | 11 | $2,737,000 | $248,000 | $383,000 | $72,000 | $106,000 |
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 | 3,483 | $810,774,000 | $232,000 | $1,800,000 | $94,000 | $2,148,000 |
| Application Denied By Financial Institution | 872 | $206,298,000 | $236,000 | $2,160,000 | $101,000 | $2,328,000 |
| Application Approved But Not Accepted | 278 | $69,033,000 | $248,000 | $1,637,000 | $112,000 | $1,047,000 |
| File Closed For Incompleteness | 158 | $38,944,000 | $246,000 | $1,173,000 | $91,000 | $624,000 |
| Application Withdrawn By Applicant | 100 | $16,663,000 | $166,000 | $1,242,000 | $88,000 | $597,000 |
| 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 | 263 | $60,794,000 | $231,000 | $1,360,000 | $78,000 | $540,000 |
| Debt-To-Income Ratio | 188 | $44,258,000 | $235,000 | $675,000 | $81,000 | $403,000 |
| Collateral | 138 | $32,478,000 | $235,000 | $1,420,000 | $120,000 | $1,200,000 |
| Other | 109 | $25,650,000 | $235,000 | $619,000 | $138,000 | $2,328,000 |
| Unverifiable Information | 61 | $16,227,000 | $266,000 | $1,100,000 | $148,000 | $1,650,000 |
| Employment History | 46 | $11,663,000 | $253,000 | $2,160,000 | $113,000 | $780,000 |
| Credit Application Incomplete | 42 | $9,905,000 | $235,000 | $580,000 | $93,000 | $300,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 18 | $4,113,000 | $228,000 | $735,000 | $99,000 | $228,000 |
| Mortgage Insurance Denied | 7 | $1,210,000 | $172,000 | $247,000 | $60,000 | $81,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Waterfield Bank'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 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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with aggregated HMDA statistics today.
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