Columbia Bank Mortgage Lending & HMDA Data, 2005
In 2005, Columbia Bank of Fair Lawn, NJ reported 2,952 mortgage applications totaling $544.1 million, down 17% from 2004. The average application was for $184,331, and applicants reported an average income of $103,588. 79% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Edison, NJ (692), Camden, NJ (582) and Newark-Union, NJ-PA (520) (applications in parentheses).
| Mortgage Company & Address | Columbia Bank 19-01 Route 208 Fair Lawn, NJ 07410 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 2,952 |
| Total Mortgage Loan Application Amount | $544,148,000 |
| Average Mortgage Loan Application Amount | $184,331 |
| Highest Mortgage Loan Application Amount | $6,000,000 |
| Average Applicant Income | $103,588 |
| Highest Applicant Income | $3,660,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Columbia Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Columbia Bank in 2005
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 | 1,294 | $252,150,000 | $161,000 | $3,800,000 | $62,500 | $2,360,000 |
| Home Improvement | 1,069 | $103,404,000 | $68,000 | $1,000,000 | $92,500 | $1,451,000 |
| Home Purchase | 589 | $188,594,000 | $306,500 | $6,000,000 | $108,000 | $3,660,000 |
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 | 2,317 | $393,225,000 | $189,666 | $2,250,000 | $95,333 | $3,660,000 |
| Not applicable | 208 | $64,042,000 | $307,000 | $6,000,000 | $0 | $0 |
| Hispanic | 154 | $26,714,000 | $173,000 | $1,000,000 | $74,000 | $373,000 |
| Asian | 121 | $24,813,000 | $205,000 | $2,228,000 | $113,000 | $697,000 |
| Not Provided | 81 | $23,314,000 | $275,000 | $2,558,000 | $113,500 | $950,000 |
| Black or African American | 59 | $10,388,000 | $261,500 | $750,000 | $67,000 | $504,000 |
| American Indian or Alaskan Native | 8 | $1,259,000 | $157,000 | $250,000 | $62,000 | $131,000 |
| Native Hawaiian or Other Pacific Islander | 4 | $393,000 | $98,000 | $200,000 | $82,000 | $160,000 |
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) | 2,922 | $537,370,000 | $193,666 | $6,000,000 | $77,000 | $3,660,000 |
| FHA-insured (Federal Housing Administration) | 29 | $6,686,000 | $230,000 | $487,000 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 1 | $92,000 | $92,000 | $92,000 | $0 | $0 |
| 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 | 2,324 | $423,652,000 | $143,500 | $6,000,000 | $87,000 | $3,660,000 |
| Loan Purchased By The Institution | 187 | $41,965,000 | $224,000 | $771,000 | $0 | $0 |
| Application Approved But Not Accepted | 177 | $29,545,000 | $166,000 | $2,228,000 | $106,000 | $622,000 |
| Application Denied By Financial Institution | 138 | $20,584,000 | $149,000 | $600,000 | $77,000 | $1,480,000 |
| Application Withdrawn By Applicant | 92 | $23,702,000 | $257,000 | $3,800,000 | $122,000 | $838,000 |
| File Closed For Incompleteness | 29 | $3,235,000 | $111,000 | $350,000 | $80,000 | $360,000 |
| Preapproval Denied by Financial Institution | 5 | $1,465,000 | $293,000 | $400,000 | $79,000 | $145,000 |
| Preapproval Approved but not Accepted | 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 | 87 | $12,062,000 | $267,500 | $600,000 | $80,000 | $1,480,000 |
| Credit History | 39 | $6,249,000 | $238,000 | $460,000 | $70,000 | $240,000 |
| Collateral | 7 | $794,000 | $113,000 | $480,000 | $64,000 | $176,000 |
| Other | 7 | $2,010,000 | $263,000 | $450,000 | $99,000 | $175,000 |
| Credit Application Incomplete | 3 | $934,000 | $311,000 | $380,000 | $118,000 | $204,000 |
| Unverifiable Information | 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Columbia Bank's 2005 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 Columbia Bank'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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