Bsb Bank & Trust Company Mortgage Lending & HMDA Data, 2003
In 2003, Bsb Bank & Trust Company of Binghamton, NY reported 3,329 mortgage applications totaling $294.4 million. The average application was for $88,440, and applicants reported an average income of $78,548. 76% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Syracuse, NY (1,115), Binghamton, NY (922) and Albany-Schenectady-Troy, NY (743) (applications in parentheses).
| Mortgage Company & Address | Bsb Bank & Trust Company 58-68 Exchange Street Binghamton, NY 13901 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2003 |
| Total Number of Mortgage Applications | 3,329 |
| Total Mortgage Loan Application Amount | $294,418,000 |
| Average Mortgage Loan Application Amount | $88,440 |
| Highest Mortgage Loan Application Amount | $960,000 |
| Average Applicant Income | $78,548 |
| Highest Applicant Income | $1,379,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Bsb Bank & Trust Company filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Detail Totals for Bsb Bank & Trust Company in 2003
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 (home purchase or home improvement, one-to-four family) | 2,532 | $239,700,000 | $83,000 | $643,000 | $74,500 | $648,000 |
| Home Purchase (one-to-four family) | 483 | $47,978,000 | $356,333 | $960,000 | $116,666 | $1,379,000 |
| Home Improvement (one-to-four family) | 306 | $5,584,000 | $19,000 | $116,000 | $58,000 | $425,000 |
| Multifamily dwelling (home purchase, home improvement, and refinancings) | 8 | $1,156,000 | $144,000 | $400,000 | $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 |
|---|---|---|---|---|---|---|
| White | 3,154 | $278,834,000 | $351,333 | $960,000 | $120,000 | $1,379,000 |
| Asian or Pacific Islander | 75 | $8,604,000 | $114,000 | $290,000 | $100,000 | $448,000 |
| Information not provided by applicant in mail or telephone application | 38 | $1,547,000 | $36,500 | $130,000 | $72,500 | $136,000 |
| Black | 28 | $2,361,000 | $69,500 | $236,000 | $57,000 | $406,000 |
| Hispanic | 16 | $831,000 | $30,500 | $120,000 | $57,000 | $141,000 |
| Other | 8 | $892,000 | $111,000 | $292,000 | $87,000 | $160,000 |
| American Indian or Alaskan Native | 7 | $682,000 | $97,000 | $323,000 | $84,000 | $236,000 |
| Not applicable | 3 | $667,000 | $222,000 | $400,000 | $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) | 3,311 | $292,963,000 | $350,666 | $960,000 | $121,333 | $1,379,000 |
| FHA-insured (Federal Housing Administration) | 18 | $1,455,000 | $80,000 | $138,000 | $43,000 | $88,000 |
| 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 |
|---|---|---|---|---|---|---|
| Loan Originated | 2,519 | $223,370,000 | $352,000 | $960,000 | $124,666 | $1,379,000 |
| Application Withdrawn By Applicant | 315 | $34,350,000 | $109,000 | $294,000 | $82,000 | $516,000 |
| Application Approved But Not Accepted | 258 | $26,443,000 | $104,000 | $320,000 | $71,000 | $402,000 |
| Application Denied By Financial Institution | 195 | $6,377,000 | $26,500 | $152,000 | $53,000 | $425,000 |
| File Closed For Incompleteness | 42 | $3,878,000 | $112,000 | $205,000 | $48,000 | $242,000 |
| Loan Purchased By The 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 Bsb Bank & Trust Company's 2003 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 Bsb Bank & Trust Company'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.
For a list of all lenders in New York, download the full spreadsheet
with aggregated HMDA statistics today.
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