Bank of Manhattan Mortgage Lending & HMDA Data, 2011

In 2011, Bank of Manhattan of El Segundo, CA reported 582 mortgage applications totaling $277.8 million. The average application was for $477,353, and applicants reported an average income of $205,477. 50% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Los Angeles-Long Beach-Glendale, CA (297), San Diego-Carlsbad-San Marcos, CA (84) and Santa Ana-Anaheim-Irvine, CA (22) (applications in parentheses).

Mortgage Company & Address Bank of Manhattan
2141 Rosecrans Avenue Suite 1100
El Segundo, CA 90245
Tel #: available with data download
Federal Regulator * available with data download
Years 2014  2013  2012  2011  
Total Number of Mortgage Applications 582
Total Mortgage Loan Application Amount $277,820,000
Average Mortgage Loan Application Amount $477,353
Highest Mortgage Loan Application Amount $3,000,000
Average Applicant Income $205,477
Highest Applicant Income $2,389,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bank of Manhattan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Bank of Manhattan 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
Los Angeles, California 297 $ 187,511,000 $ 631,350 $ 282,000
San Diego, California 84 $ 29,907,000 $ 356,035 $ 128,000
Orange, California 22 $ 11,828,000 $ 537,636 $ 263,000
Riverside, California 14 $ 2,752,000 $ 196,571 $ 113,000
Sacramento, California 6 $ 1,474,000 $ 245,666 $ 102,000
Philadelphia, Pennsylvania 6 $ 1,447,000 $ 241,166 $ 87,000
Maricopa, Arizona 5 $ 1,819,000 $ 363,800 $ 83,000
Contra Costa, California 5 $ 1,733,000 $ 346,600 $ 115,000
Eagle, Colorado 5 $ 1,431,000 $ 286,200 $ 91,000
Clark, Nevada 5 $ 667,000 $ 133,400 $ 39,000
El Dorado, California 4 $ 1,446,000 $ 361,500 $ 158,000
Fresno, California 4 $ 662,000 $ 165,500 $ 83,000
San Bernardino, California 4 $ 723,000 $ 180,750 $ 88,000
Mercer, New Jersey 4 $ 1,390,000 $ 347,500 $ 153,000
Ocean, New Jersey 4 $ 1,215,000 $ 303,750 $ 86,000
Pima, Arizona 3 $ 912,000 $ 304,000 $ 311,000
Burlington, New Jersey 3 $ 905,000 $ 301,666 $ 106,000
Cumberland, New Jersey 3 $ 446,000 $ 148,666 $ 77,000
Middlesex, New Jersey 3 $ 888,000 $ 296,000 $ 85,000
Berks, Pennsylvania 3 $ 516,000 $ 172,000 $ 72,000
Bucks, Pennsylvania 3 $ 730,000 $ 243,333 $ 85,000
Lancaster, Pennsylvania 3 $ 356,000 $ 118,666 $ 31,000
Montgomery, Pennsylvania 3 $ 648,000 $ 216,000 $ 90,000
Alameda, California 2 $ 1,073,000 $ 536,500 $ 202,000
Mono, California 2 $ 890,000 $ 445,000 $ 339,000
Placer, California 2 $ 466,000 $ 233,000 $ 50,000
Santa Clara, California 2 $ 968,000 $ 484,000 $ 91,000
Siskiyou, California 2 $ 449,000 $ 224,500 $ 99,000
Sonoma, California 2 $ 624,000 $ 312,000 $ 109,000
Ventura, California 2 $ 687,000 $ 343,500 $ 175,000
Boulder, Colorado 2 $ 1,902,000 $ 951,000 $ 293,000
Douglas, Colorado 2 $ 666,000 $ 333,000 $ 156,000
Baltimore, Maryland 2 $ 463,000 $ 231,500 $ 86,000
Hennepin, Minnesota 2 $ 238,000 $ 119,000 $ 13,000
Hudson, New Jersey 2 $ 384,000 $ 192,000 $ 84,000
Morris, New Jersey 2 $ 655,000 $ 327,500 $ 84,000
Union, New Jersey 2 $ 581,000 $ 290,500 $ 50,000
Delaware, Pennsylvania 2 $ 486,000 $ 243,000 $ 87,000
Lehigh, Pennsylvania 2 $ 506,000 $ 253,000 $ 80,000
York, Pennsylvania 2 $ 264,000 $ 132,000 $ 62,000
Prince William, Virginia 2 $ 368,000 $ 184,000 $ 35,000
Outagamie, Wisconsin 2 $ 415,000 $ 207,500 $ 72,000
Coconino, Arizona 1 $ 126,000 $ 126,000 $ 227,000
Imperial, California 1 $ 229,000 $ 229,000 $ 0
Kern, California 1 $ 237,000 $ 237,000 $ 0
Monterey, California 1 $ 230,000 $ 230,000 $ 105,000
Nevada, California 1 $ 269,000 $ 269,000 $ 180,000
San Joaquin, California 1 $ 139,000 $ 139,000 $ 31,000
Santa Barbara, California 1 $ 2,990,000 $ 2,990,000 $ 0
Solano, California 1 $ 204,000 $ 204,000 $ 161,000
Adams, Colorado 1 $ 176,000 $ 176,000 $ 0
Arapahoe, Colorado 1 $ 83,000 $ 83,000 $ 52,000
Denver, Colorado 1 $ 85,000 $ 85,000 $ 25,000
New Haven, Connecticut 1 $ 149,000 $ 149,000 $ 0
Hillsborough, Florida 1 $ 390,000 $ 390,000 $ 142,000
Pinellas, Florida 1 $ 105,000 $ 105,000 $ 193,000
Maui, Hawaii 1 $ 990,000 $ 990,000 $ 1,212,000
DuPage, Illinois 1 $ 258,000 $ 258,000 $ 114,000
Lake, Illinois 1 $ 65,000 $ 65,000 $ 27,000
Jefferson, Louisiana 1 $ 80,000 $ 80,000 $ 90,000
Baltimore City, Maryland 1 $ 162,000 $ 162,000 $ 144,000
Bristol, Massachusetts 1 $ 207,000 $ 207,000 $ 56,000
Norfolk, Massachusetts 1 $ 223,000 $ 223,000 $ 47,000
Suffolk, Massachusetts 1 $ 522,000 $ 522,000 $ 128,000
St. Clair, Michigan 1 $ 40,000 $ 40,000 $ 0
Wayne, Michigan 1 $ 387,000 $ 387,000 $ 192,000
Scott, Minnesota 1 $ 224,000 $ 224,000 $ 149,000
Washington, Minnesota 1 $ 138,000 $ 138,000 $ 0
Bergen, New Jersey 1 $ 252,000 $ 252,000 $ 57,000
Camden, New Jersey 1 $ 222,000 $ 222,000 $ 291,000
Gloucester, New Jersey 1 $ 142,000 $ 142,000 $ 54,000
Monmouth, New Jersey 1 $ 264,000 $ 264,000 $ 155,000
Suffolk, New York 1 $ 729,000 $ 729,000 $ 146,000
Lucas, Ohio 1 $ 85,000 $ 85,000 $ 0
Payne, Oklahoma 1 $ 167,000 $ 167,000 $ 66,000
Multnomah, Oregon 1 $ 397,000 $ 397,000 $ 126,000
Adams, Pennsylvania 1 $ 143,000 $ 143,000 $ 49,000
Carbon, Pennsylvania 1 $ 113,000 $ 113,000 $ 69,000
Chester, Pennsylvania 1 $ 298,000 $ 298,000 $ 149,000
Dauphin, Pennsylvania 1 $ 153,000 $ 153,000 $ 41,000
Lackawanna, Pennsylvania 1 $ 113,000 $ 113,000 $ 41,000
Monroe, Pennsylvania 1 $ 215,000 $ 215,000 $ 81,000
Potter, Pennsylvania 1 $ 140,000 $ 140,000 $ 100,000
Cache, Utah 1 $ 138,000 $ 138,000 $ 120,000
Summit, Utah 1 $ 250,000 $ 250,000 $ 399,000
Frederick, Virginia 1 $ 98,000 $ 98,000 $ 79,000
Virginia Beach, Virginia 1 $ 363,000 $ 363,000 $ 0
Kitsap, Washington 1 $ 340,000 $ 340,000 $ 85,000
Snohomish, Washington 1 $ 176,000 $ 176,000 $ 73,000
Spokane, Washington 1 $ 201,000 $ 201,000 $ 0
St. Croix, Wisconsin 1 $ 221,000 $ 221,000 $ 90,000
Winnebago, Wisconsin 1 $ 60,000 $ 60,000 $ 37,000

Mortgage Loan Application Detail Totals for Bank of Manhattan 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
Refinancing 320 $165,190,000 $516,000 $3,000,000 $230,000 $2,099,000
Home Purchase 257 $109,357,000 $425,000 $2,000,000 $174,000 $2,389,000
Home Improvement 5 $3,273,000 $654,000 $1,500,000 $254,000 $835,000

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 464 $229,357,000 $494,000 $3,000,000 $220,000 $2,389,000
Asian 37 $16,468,000 $445,000 $1,500,000 $179,000 $835,000
Hispanic 28 $11,054,000 $394,000 $1,330,000 $230,000 $1,603,000
Not applicable 23 $5,209,000 $226,000 $659,000 $0 $0
Not Provided 20 $12,201,000 $610,000 $2,990,000 $173,000 $758,000
Black or African American 9 $2,633,000 $292,000 $626,000 $76,000 $122,000
American Indian or Alaskan Native 1 $898,000 $898,000 $898,000 $210,000 $210,000
Native Hawaiian or Other Pacific Islander 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) 506 $257,647,000 $509,000 $3,000,000 $227,000 $2,389,000
FHA-insured (Federal Housing Administration) 60 $16,625,000 $277,000 $923,000 $65,000 $277,000
VA-guaranteed (Veterans Administration) 16 $3,548,000 $221,000 $497,000 $51,000 $121,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 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 289 $153,550,000 $531,000 $3,000,000 $238,000 $2,389,000
Loan Purchased By The Institution 143 $31,906,000 $223,000 $525,000 $75,000 $802,000
Application Withdrawn By Applicant 88 $53,206,000 $604,000 $2,000,000 $303,000 $2,099,000
Application Denied By Financial Institution 60 $38,183,000 $636,000 $2,990,000 $218,000 $1,433,000
File Closed For Incompleteness 2 $975,000 $487,000 $775,000 $244,000 $403,000
Application Approved But Not Accepted 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
Other 23 $14,906,000 $648,000 $1,406,000 $255,000 $1,433,000
Debt-To-Income Ratio 14 $10,224,000 $730,000 $2,990,000 $107,000 $275,000
Collateral 13 $6,873,000 $528,000 $990,000 $302,000 $1,212,000
Credit History 5 $1,062,000 $212,000 $319,000 $76,000 $114,000
Credit Application Incomplete 3 $3,915,000 $1,305,000 $1,975,000 $387,000 $706,000
Insufficient Cash (Downpayment, Closing Cost) 2 $1,203,000 $601,000 $881,000 $124,000 $145,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Employment History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Bank of Manhattan'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 Bank of Manhattan'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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