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Act (HMDA) records Bank of Manhattan filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Metropolitan Area in 2011

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Los Angeles-Long Beach-Glendale, CA 297 $ 187,511,000 $ 631,350 $ 282,000
San Diego-Carlsbad-San Marcos, CA 84 $ 29,907,000 $ 356,035 $ 128,000
Santa Ana-Anaheim-Irvine, CA 22 $ 11,828,000 $ 537,636 $ 263,000
Riverside-San Bernardino-Ontario, CA 18 $ 3,475,000 $ 193,055 $ 107,000
Philadelphia, PA 15 $ 3,609,000 $ 240,600 $ 91,000
Sacramento--Arden-Arcade--Roseville, CA 12 $ 3,386,000 $ 282,166 $ 112,000
Edison-New Brunswick, NJ 8 $ 2,367,000 $ 295,875 $ 94,000
Oakland-Fremont-Hayward, CA 7 $ 2,806,000 $ 400,857 $ 140,000
Camden, NJ 5 $ 1,269,000 $ 253,800 $ 132,000
Denver-Aurora-Broomfield, CO 5 $ 1,010,000 $ 202,000 $ 78,000
Las Vegas-Paradise, NV 5 $ 667,000 $ 133,400 $ 39,000
Minneapolis-St. Paul-Bloomington, MN-WI 5 $ 821,000 $ 164,200 $ 53,200
Phoenix-Mesa-Glendale, AZ 5 $ 1,819,000 $ 363,800 $ 83,000
Fresno, CA 4 $ 662,000 $ 165,500 $ 83,000
Newark-Union, NJ-PA 4 $ 1,236,000 $ 309,000 $ 67,000
Trenton-Ewing, NJ 4 $ 1,390,000 $ 347,500 $ 153,000
Allentown-Bethlehem-Easton, PA-NJ 3 $ 619,000 $ 206,333 $ 76,000
Baltimore-Towson, MD 3 $ 625,000 $ 208,333 $ 105,000
Lancaster, PA 3 $ 356,000 $ 118,666 $ 31,000
New York-White Plains-Wayne, NY-NJ 3 $ 636,000 $ 212,000 $ 75,000
Reading, PA 3 $ 516,000 $ 172,000 $ 72,000
Tucson, AZ 3 $ 912,000 $ 304,000 $ 311,000
Vineland-Millville-Bridgeton, NJ 3 $ 446,000 $ 148,666 $ 77,000
Appleton, WI 2 $ 415,000 $ 207,500 $ 72,000
Boston-Quincy, MA 2 $ 745,000 $ 372,500 $ 87,000
Boulder, CO 2 $ 1,902,000 $ 951,000 $ 293,000
Oxnard-Thousand Oaks-Ventura, CA 2 $ 687,000 $ 343,500 $ 175,000
San Jose-Sunnyvale-Santa Clara, CA 2 $ 968,000 $ 484,000 $ 91,000
Santa Rosa-Petaluma, CA 2 $ 624,000 $ 312,000 $ 109,000
Tampa-St. Petersburg-Clearwater, FL 2 $ 495,000 $ 247,500 $ 167,000
Washington-Arlington-Alexandria, DC-VA-MD-WV 2 $ 368,000 $ 184,000 $ 35,000
York-Hanover, PA 2 $ 264,000 $ 132,000 $ 62,000
Bakersfield-Delano, CA 1 $ 237,000 $ 237,000 $ 0
Bremerton-Silverdale, WA 1 $ 340,000 $ 340,000 $ 85,000
Chicago-Joliet-Naperville, IL 1 $ 258,000 $ 258,000 $ 114,000
Detroit-Livonia-Dearborn, MI 1 $ 387,000 $ 387,000 $ 192,000
El Centro, CA 1 $ 229,000 $ 229,000 $ 0
Flagstaff, AZ 1 $ 126,000 $ 126,000 $ 227,000
Harrisburg-Carlisle, PA 1 $ 153,000 $ 153,000 $ 41,000
Lake County-Kenosha County, IL-WI 1 $ 65,000 $ 65,000 $ 27,000
Logan, UT-ID 1 $ 138,000 $ 138,000 $ 120,000
Nassau-Suffolk, NY 1 $ 729,000 $ 729,000 $ 146,000
New Haven-Milford, CT 1 $ 149,000 $ 149,000 $ 0
New Orleans-Metairie-Kenner, LA 1 $ 80,000 $ 80,000 $ 90,000
Oshkosh-Neenah, WI 1 $ 60,000 $ 60,000 $ 37,000
Portland-Vancouver-Hillsboro, OR-WA 1 $ 397,000 $ 397,000 $ 126,000
Providence-New Bedford-Fall River, RI-MA 1 $ 207,000 $ 207,000 $ 56,000
Salinas, CA 1 $ 230,000 $ 230,000 $ 105,000
Salt Lake City, UT 1 $ 250,000 $ 250,000 $ 399,000
Santa Barbara-Santa Maria-Goleta, CA 1 $ 2,990,000 $ 2,990,000 $ 0
Scranton--Wilkes-Barre, PA 1 $ 113,000 $ 113,000 $ 41,000
Seattle-Bellevue-Everett, WA 1 $ 176,000 $ 176,000 $ 73,000
Spokane, WA 1 $ 201,000 $ 201,000 $ 0
Stockton, CA 1 $ 139,000 $ 139,000 $ 31,000
Toledo, OH 1 $ 85,000 $ 85,000 $ 0
Vallejo-Fairfield, CA 1 $ 204,000 $ 204,000 $ 161,000
Virginia Beach-Norfolk-Newport News, VA-NC 1 $ 363,000 $ 363,000 $ 0
Warren-Troy-Farmington Hills, MI 1 $ 40,000 $ 40,000 $ 0
Winchester, VA-WV 1 $ 98,000 $ 98,000 $ 79,000

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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