Banco Popular Mortgage Lending & HMDA Data, 2011

In 2011, Banco Popular of San Juan, PR reported 13,508 mortgage applications totaling $141.9 million. The average application was for $10,508, and applicants reported an average income of $33,000. 41% of its applications resulted in an originated loan and 53% were denied. Its largest markets were San Juan-Caguas-Guaynabo, PR (9,136), Aguadilla-Isabela-San Sebastian, PR (866) and Ponce, PR (732) (applications in parentheses).

Mortgage Company & Address Banco Popular
Po Box 362708
San Juan, PR 00936
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  
Total Number of Mortgage Applications 13,508
Total Mortgage Loan Application Amount $141,949,000
Average Mortgage Loan Application Amount $10,508
Highest Mortgage Loan Application Amount $150,000
Average Applicant Income $33,000
Highest Applicant Income $3,120,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Banco Popular filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Banco Popular by County in 2011

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
San Juan, Puerto Rico 938 $ 10,483,000 $ 11,175 $ 41,000
Bayamon, Puerto Rico 743 $ 7,430,000 $ 10,000 $ 35,000
Carolina, Puerto Rico 662 $ 6,972,000 $ 10,531 $ 34,000
Caguas, Puerto Rico 613 $ 6,435,000 $ 10,497 $ 34,000
Ponce, Puerto Rico 511 $ 5,347,000 $ 10,463 $ 30,000
Arecibo, Puerto Rico 424 $ 3,830,000 $ 9,033 $ 27,000
Toa Baja, Puerto Rico 323 $ 3,465,000 $ 10,727 $ 33,000
Humacao, Puerto Rico 301 $ 2,988,000 $ 9,926 $ 31,000
Rio Grande, Puerto Rico 281 $ 2,986,000 $ 10,626 $ 33,000
Mayaguez, Puerto Rico 264 $ 2,091,000 $ 7,920 $ 24,000
Canovanas, Puerto Rico 262 $ 2,323,000 $ 8,866 $ 27,000
Guaynabo, Puerto Rico 256 $ 3,642,000 $ 14,226 $ 60,000
Trujillo Alto, Puerto Rico 244 $ 2,987,000 $ 12,241 $ 37,000
Cidra, Puerto Rico 232 $ 2,652,000 $ 11,431 $ 32,000
Vega Baja, Puerto Rico 223 $ 2,104,000 $ 9,434 $ 31,000
Cabo Rojo, Puerto Rico 222 $ 2,290,000 $ 10,315 $ 44,000
Yabucoa, Puerto Rico 209 $ 2,050,000 $ 9,808 $ 32,000
Toa Alta, Puerto Rico 206 $ 2,551,000 $ 12,383 $ 42,000
Corozal, Puerto Rico 204 $ 2,342,000 $ 11,480 $ 28,000
Orocovis, Puerto Rico 201 $ 2,208,000 $ 10,985 $ 30,000
Sabana Grande, Puerto Rico 200 $ 1,695,000 $ 8,475 $ 26,000
Aguadilla, Puerto Rico 191 $ 2,027,000 $ 10,612 $ 36,000
Gurabo, Puerto Rico 187 $ 2,298,000 $ 12,288 $ 43,000
Guayama, Puerto Rico 186 $ 2,008,000 $ 10,795 $ 30,000
San Lorenzo, Puerto Rico 177 $ 1,779,000 $ 10,050 $ 30,000
Juncos, Puerto Rico 173 $ 1,740,000 $ 10,057 $ 30,000
Cayey, Puerto Rico 172 $ 2,069,000 $ 12,029 $ 35,000
Morovis, Puerto Rico 167 $ 1,730,000 $ 10,359 $ 28,000
Salinas, Puerto Rico 155 $ 1,580,000 $ 10,193 $ 28,000
Juana Diaz, Puerto Rico 149 $ 1,664,000 $ 11,167 $ 32,000
Las Piedras, Puerto Rico 149 $ 1,527,000 $ 10,248 $ 27,000
Aguas Buenas, Puerto Rico 148 $ 1,953,000 $ 13,195 $ 31,000
Vega Alta, Puerto Rico 148 $ 1,664,000 $ 11,243 $ 29,000
Isabela, Puerto Rico 140 $ 1,294,000 $ 9,242 $ 24,000
Moca, Puerto Rico 139 $ 1,668,000 $ 12,000 $ 28,000
Dorado, Puerto Rico 138 $ 1,514,000 $ 10,971 $ 54,000
San German, Puerto Rico 136 $ 1,140,000 $ 8,382 $ 28,000
Naguabo, Puerto Rico 135 $ 1,516,000 $ 11,229 $ 41,000
Loiza, Puerto Rico 133 $ 1,313,000 $ 9,872 $ 26,000
Yauco, Puerto Rico 131 $ 1,247,000 $ 9,519 $ 26,000
Lajas, Puerto Rico 130 $ 1,188,000 $ 9,138 $ 29,000
Aguada, Puerto Rico 117 $ 1,346,000 $ 11,504 $ 27,000
Fajardo, Puerto Rico 117 $ 1,213,000 $ 10,367 $ 27,000
Coamo, Puerto Rico 115 $ 1,343,000 $ 11,678 $ 31,000
Arroyo, Puerto Rico 114 $ 1,031,000 $ 9,043 $ 25,000
Barceloneta, Puerto Rico 114 $ 1,086,000 $ 9,526 $ 25,000
Manati, Puerto Rico 111 $ 1,336,000 $ 12,036 $ 37,000
Hatillo, Puerto Rico 109 $ 1,137,000 $ 10,431 $ 42,000
San Sebastian, Puerto Rico 108 $ 1,175,000 $ 10,879 $ 27,000
Guayanilla, Puerto Rico 107 $ 1,142,000 $ 10,672 $ 28,000
Luquillo, Puerto Rico 107 $ 982,000 $ 9,177 $ 33,000
Patillas, Puerto Rico 99 $ 1,011,000 $ 10,212 $ 28,000
Santa Isabel, Puerto Rico 98 $ 900,000 $ 9,183 $ 31,000
Utuado, Puerto Rico 98 $ 1,020,000 $ 10,408 $ 26,000
Quebradillas, Puerto Rico 97 $ 911,000 $ 9,391 $ 26,000
Camuy, Puerto Rico 91 $ 812,000 $ 8,923 $ 28,000
Penuelas, Puerto Rico 91 $ 784,000 $ 8,615 $ 25,000
Naranjito, Puerto Rico 88 $ 1,011,000 $ 11,488 $ 30,000
Barranquitas, Puerto Rico 87 $ 1,082,000 $ 12,436 $ 28,000
Comerio, Puerto Rico 82 $ 855,000 $ 10,426 $ 25,000
Aibonito, Puerto Rico 81 $ 895,000 $ 11,049 $ 29,000
Ciales, Puerto Rico 73 $ 771,000 $ 10,561 $ 22,000
Villalba, Puerto Rico 72 $ 731,000 $ 10,152 $ 24,000
Anasco, Puerto Rico 71 $ 758,000 $ 10,676 $ 35,000
Hormigueros, Puerto Rico 68 $ 604,000 $ 8,882 $ 26,000
Guanica, Puerto Rico 67 $ 672,000 $ 10,029 $ 26,000
Catano, Puerto Rico 63 $ 570,000 $ 9,047 $ 33,000
Ceiba, Puerto Rico 62 $ 631,000 $ 10,177 $ 48,000
Vieques, Puerto Rico 62 $ 705,000 $ 11,370 $ 31,000
Florida, Puerto Rico 56 $ 636,000 $ 11,357 $ 24,000
Rincon, Puerto Rico 55 $ 673,000 $ 12,236 $ 25,000
Lares, Puerto Rico 45 $ 640,000 $ 14,222 $ 29,000
Maricao, Puerto Rico 42 $ 267,000 $ 6,357 $ 22,000
Adjuntas, Puerto Rico 41 $ 387,000 $ 9,439 $ 21,000
Jayuya, Puerto Rico 35 $ 436,000 $ 12,457 $ 24,000
Maunabo, Puerto Rico 35 $ 318,000 $ 9,085 $ 28,000
Las Marias, Puerto Rico 22 $ 225,000 $ 10,227 $ 24,000
Culebra, Puerto Rico 5 $ 63,000 $ 12,600 $ 40,000

Mortgage Loan Application Detail Totals for Banco Popular in 2011

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 Improvement 13,508 $141,949,000 $10,000 $150,000 $33,000 $3,120,000
Home Purchase 0 $0 $0 $0 $0 $0
Refinancing 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
Hispanic 13,380 $140,266,000 $10,000 $150,000 $32,000 $1,728,000
Not Provided 68 $705,000 $10,000 $50,000 $94,000 $3,120,000
White 46 $811,000 $17,000 $90,000 $57,000 $561,000
Black or African American 7 $41,000 $5,000 $13,000 $35,000 $95,000
Asian 5 $110,000 $22,000 $52,000 $63,000 $110,000
American Indian or Alaskan Native 2 $16,000 $8,000 $10,000 $37,000 $53,000
Native Hawaiian or Other Pacific Islander 0 $0 $0 $0 $0 $0
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) 13,508 $141,949,000 $10,000 $150,000 $33,000 $3,120,000
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0
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
Application Denied By Financial Institution 7,116 $69,319,000 $9,000 $143,000 $29,000 $1,728,000
Loan Originated 5,511 $62,085,000 $11,000 $125,000 $34,000 $1,233,000
Application Approved But Not Accepted 706 $8,387,000 $11,000 $100,000 $44,000 $785,000
Application Withdrawn By Applicant 113 $1,445,000 $12,000 $150,000 $33,000 $268,000
File Closed For Incompleteness 62 $713,000 $11,000 $50,000 $141,000 $3,120,000
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
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0
Debt-To-Income Ratio 0 $0 $0 $0 $0 $0
Employment History 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
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Banco Popular's 2011 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 Banco Popular'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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