Banco Popular North America Mortgage Lending & HMDA Data, 2017
In 2017, Banco Popular North America of New York, NY reported 941 mortgage applications totaling $459.7 million, up 14% from 2016. The average application was for $488,478, and applicants reported an average income of $129,731. 31% of its applications resulted in an originated loan and 59% were denied. Its largest markets were New York-Jersey City-White Plains, NY-NJ (386), Miami-Miami Beach-Kendall, FL (223) and Fort Lauderdale-Pompano Beach-Deerfield Beach, FL (74) (applications in parentheses).
| Mortgage Company & Address | Banco Popular North America 85 Broad Street New York, NY 10004 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 941 |
| Total Mortgage Loan Application Amount | $459,658,000 |
| Average Mortgage Loan Application Amount | $488,478 |
| Highest Mortgage Loan Application Amount | $20,000,000 |
| Average Applicant Income | $129,731 |
| Highest Applicant Income | $3,362,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Banco Popular North America filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| New York-Jersey City-White Plains, NY-NJ | 386 | $ 232,804,000 | $ 603,119 | $ 118,264 |
| Miami-Miami Beach-Kendall, FL | 223 | $ 106,521,000 | $ 477,672 | $ 155,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 74 | $ 75,139,000 | $ 1,015,391 | $ 70,000 |
| Newark, NJ-PA | 34 | $ 2,557,000 | $ 75,205 | $ 111,000 |
| Los Angeles-Long Beach-Glendale, CA | 24 | $ 4,163,000 | $ 173,458 | $ 127,000 |
| Nassau County-Suffolk County, NY | 23 | $ 4,424,000 | $ 192,347 | $ 158,000 |
| Oakland-Hayward-Berkeley, CA | 13 | $ 2,018,000 | $ 155,230 | $ 233,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 11 | $ 8,877,000 | $ 807,000 | $ 30,000 |
| Anaheim-Santa Ana-Irvine, CA | 10 | $ 2,499,000 | $ 249,900 | $ 152,000 |
| Chicago-Naperville-Arlington Heights, IL | 10 | $ 1,349,000 | $ 134,900 | $ 305,000 |
| Riverside-San Bernardino-Ontario, CA | 9 | $ 900,000 | $ 100,000 | $ 141,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 7 | $ 1,109,000 | $ 158,428 | $ 144,000 |
| San Diego-Carlsbad, CA | 7 | $ 1,025,000 | $ 146,428 | $ 58,000 |
| San Francisco-Redwood City-South San Francisco, CA | 7 | $ 1,570,000 | $ 224,285 | $ 105,000 |
| San Juan-Caguas-Guaynabo, PR | 7 | $ 69,000 | $ 9,857 | $ 37,000 |
| Camden, NJ | 5 | $ 335,000 | $ 67,000 | $ 106,000 |
| Orlando-Kissimmee-Sanford, FL | 5 | $ 1,521,000 | $ 304,200 | $ 713,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 575,000 | $ 115,000 | $ 111,000 |
| Santa Rosa, CA | 5 | $ 1,066,000 | $ 213,200 | $ 202,000 |
| Atlanta-Sandy Springs-Roswell, GA | 4 | $ 417,000 | $ 104,250 | $ 80,000 |
| Salinas, CA | 4 | $ 293,000 | $ 73,250 | $ 42,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 237,000 | $ 59,250 | $ 68,000 |
| Albany-Schenectady-Troy, NY | 3 | $ 175,000 | $ 58,333 | $ 118,000 |
| Modesto, CA | 3 | $ 208,000 | $ 69,333 | $ 116,000 |
| Port St. Lucie, FL | 3 | $ 1,024,000 | $ 341,333 | $ 24,000 |
| Santa Cruz-Watsonville, CA | 3 | $ 508,000 | $ 169,333 | $ 214,000 |
| Aguadilla-Isabela-San Sebastian, PR | 2 | $ 15,000 | $ 7,500 | $ 33,000 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 368,000 | $ 184,000 | $ 42,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 338,000 | $ 169,000 | $ 34,000 |
| Guayama, PR | 2 | $ 24,000 | $ 12,000 | $ 75,000 |
| Jacksonville, FL | 2 | $ 170,000 | $ 85,000 | $ 148,000 |
| Napa, CA | 2 | $ 144,000 | $ 72,000 | $ 97,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 668,000 | $ 334,000 | $ 88,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 205,000 | $ 102,500 | $ 147,000 |
| Stockton-Lodi, CA | 2 | $ 575,000 | $ 287,500 | $ 192,000 |
| Vallejo-Fairfield, CA | 2 | $ 199,000 | $ 99,500 | $ 97,000 |
| Binghamton, NY | 1 | $ 50,000 | $ 50,000 | $ 23,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 75,000 | $ 75,000 | $ 46,000 |
| Durham-Chapel Hill, NC | 1 | $ 159,000 | $ 159,000 | $ 35,000 |
| Elgin, IL | 1 | $ 97,000 | $ 97,000 | $ 47,000 |
| Fayetteville, NC | 1 | $ 50,000 | $ 50,000 | $ 89,000 |
| Fresno, CA | 1 | $ 39,000 | $ 39,000 | $ 60,000 |
| Lakeland-Winter Haven, FL | 1 | $ 138,000 | $ 138,000 | $ 41,000 |
| New Haven-Milford, CT | 1 | $ 116,000 | $ 116,000 | $ 47,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 1,000,000 | $ 1,000,000 | $ 0 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 150,000 | $ 150,000 | $ 60,000 |
| Peoria, IL | 1 | $ 35,000 | $ 35,000 | $ 61,000 |
| Reading, PA | 1 | $ 20,000 | $ 20,000 | $ 21,000 |
| Rochester, NY | 1 | $ 25,000 | $ 25,000 | $ 58,000 |
| San German-Cabo Rojo, PR | 1 | $ 50,000 | $ 50,000 | $ 66,000 |
| San Rafael, CA | 1 | $ 187,000 | $ 187,000 | $ 275,000 |
| Scranton--Wilkes-Barre--Hazleton, PA | 1 | $ 10,000 | $ 10,000 | $ 62,000 |
| St. Louis, MO-IL | 1 | $ 71,000 | $ 71,000 | $ 136,000 |
| Trenton, NJ | 1 | $ 12,000 | $ 12,000 | $ 120,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1 | $ 216,000 | $ 216,000 | $ 49,000 |
| Watertown-Fort Drum, NY | 1 | $ 79,000 | $ 79,000 | $ 274,000 |
Mortgage Loan Application Detail Totals for Banco Popular North America in 2017
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 | 423 | $54,807,000 | $129,000 | $3,100,000 | $125,000 | $2,724,000 |
| Refinancing | 334 | $132,176,000 | $395,000 | $10,800,000 | $151,000 | $3,362,000 |
| Home Purchase | 184 | $272,675,000 | $1,481,000 | $20,000,000 | $102,000 | $1,967,000 |
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 |
|---|---|---|---|---|---|---|
| Hispanic | 433 | $74,114,000 | $171,000 | $2,000,000 | $131,000 | $3,362,000 |
| White | 241 | $59,997,000 | $248,000 | $6,000,000 | $193,000 | $2,724,000 |
| Not applicable | 113 | $291,873,000 | $2,582,000 | $20,000,000 | $0 | $0 |
| Black or African American | 82 | $14,362,000 | $175,000 | $2,000,000 | $110,000 | $409,000 |
| Asian | 35 | $9,076,000 | $259,000 | $1,570,000 | $139,000 | $610,000 |
| Not Provided | 28 | $7,413,000 | $264,000 | $1,220,000 | $138,000 | $536,000 |
| American Indian or Alaskan Native | 5 | $2,074,000 | $414,000 | $850,000 | $105,000 | $196,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $749,000 | $187,000 | $454,000 | $56,000 | $80,000 |
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) | 941 | $459,658,000 | $488,000 | $20,000,000 | $130,000 | $3,362,000 |
| 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 | 552 | $95,838,000 | $173,000 | $6,000,000 | $113,000 | $1,274,000 |
| Loan Originated | 295 | $302,401,000 | $1,025,000 | $20,000,000 | $144,000 | $3,362,000 |
| Application Withdrawn By Applicant | 41 | $18,474,000 | $450,000 | $2,500,000 | $241,000 | $2,520,000 |
| File Closed For Incompleteness | 27 | $7,265,000 | $269,000 | $1,217,000 | $145,000 | $610,000 |
| Application Approved But Not Accepted | 26 | $35,680,000 | $1,372,000 | $10,600,000 | $121,000 | $953,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 217 | $48,992,000 | $225,000 | $6,000,000 | $83,000 | $624,000 |
| Credit History | 136 | $12,159,000 | $89,000 | $420,000 | $99,000 | $758,000 |
| Collateral | 92 | $13,570,000 | $147,000 | $854,000 | $157,000 | $907,000 |
| Other | 31 | $10,008,000 | $322,000 | $3,100,000 | $211,000 | $1,274,000 |
| Unverifiable Information | 16 | $1,360,000 | $85,000 | $300,000 | $100,000 | $239,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 4 | $1,095,000 | $273,000 | $580,000 | $92,000 | $144,000 |
| Credit Application Incomplete | 4 | $1,476,000 | $369,000 | $660,000 | $180,000 | $290,000 |
| Employment History | 3 | $750,000 | $250,000 | $383,000 | $83,000 | $128,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Banco Popular North America's 2017 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 North America'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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