Continental Bank Mortgage Lending & HMDA Data, 2007

In 2007, Continental Bank of Plymouth Meeting, PA reported 269 mortgage applications totaling $45.5 million, up 327% from 2006. The average application was for $169,293, and applicants reported an average income of $95,356. 10% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Philadelphia, PA (50), Dover, DE (13) and Baltimore-Towson, MD (12) (applications in parentheses).

Mortgage Company & Address Continental Bank
620 W. Germantown Pike
Plymouth Meeting, PA 19462
Tel #: available with data download
Federal Regulator * available with data download
Years 2010  2009  2008  2007  2006  
Total Number of Mortgage Applications 269
Total Mortgage Loan Application Amount $45,540,000
Average Mortgage Loan Application Amount $169,293
Highest Mortgage Loan Application Amount $3,800,000
Average Applicant Income $95,356
Highest Applicant Income $1,776,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Continental Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Totals for Continental Bank by County in 2007

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Montgomery, Pennsylvania 21 $ 5,516,000 $ 262,666 $ 141,000
Philadelphia, Pennsylvania 15 $ 2,739,000 $ 182,600 $ 128,000
Kent, Delaware 13 $ 537,000 $ 41,307 $ 47,000
Chester, Pennsylvania 10 $ 9,231,000 $ 923,100 $ 337,000
Anne Arundel, Maryland 7 $ 2,145,000 $ 306,428 $ 135,000
Cape May, New Jersey 7 $ 11,805,000 $ 1,686,428 $ 708,000
Clinton, New York 7 $ 479,000 $ 68,428 $ 39,000
Sussex, Delaware 5 $ 203,000 $ 40,600 $ 39,000
Lancaster, Pennsylvania 5 $ 150,000 $ 30,000 $ 38,000
Perry, Kentucky 4 $ 211,000 $ 52,750 $ 50,000
Columbiana, Ohio 4 $ 256,000 $ 64,000 $ 47,000
York, Pennsylvania 4 $ 233,000 $ 58,250 $ 52,000
Howard, Maryland 3 $ 117,000 $ 39,000 $ 52,000
St. Lawrence, New York 3 $ 171,000 $ 57,000 $ 44,000
Sullivan, New York 3 $ 196,000 $ 65,333 $ 79,000
Adams, Pennsylvania 3 $ 122,000 $ 40,666 $ 38,000
Bucks, Pennsylvania 3 $ 2,441,000 $ 813,666 $ 299,000
Cumberland, Pennsylvania 3 $ 121,000 $ 40,333 $ 48,000
Dauphin, Pennsylvania 3 $ 71,000 $ 23,666 $ 29,000
Grant, Kentucky 2 $ 37,000 $ 18,500 $ 21,000
Henderson, Kentucky 2 $ 107,000 $ 53,500 $ 47,000
Cecil, Maryland 2 $ 136,000 $ 68,000 $ 42,000
Washington, Maryland 2 $ 114,000 $ 57,000 $ 39,000
Broome, New York 2 $ 153,000 $ 76,500 $ 57,000
Genesee, New York 2 $ 116,000 $ 58,000 $ 54,000
Ontario, New York 2 $ 170,000 $ 85,000 $ 36,000
Saratoga, New York 2 $ 26,000 $ 13,000 $ 57,000
Ulster, New York 2 $ 75,000 $ 37,500 $ 40,000
Belmont, Ohio 2 $ 72,000 $ 36,000 $ 35,000
Clinton, Ohio 2 $ 35,000 $ 17,500 $ 30,000
Stark, Ohio 2 $ 69,000 $ 34,500 $ 40,000
Wood, Ohio 2 $ 85,000 $ 42,500 $ 58,000
Berks, Pennsylvania 2 $ 97,000 $ 48,500 $ 49,000
Indiana, Pennsylvania 2 $ 140,000 $ 70,000 $ 36,000
Lehigh, Pennsylvania 2 $ 1,014,000 $ 507,000 $ 587,000
Halifax, Virginia 2 $ 150,000 $ 75,000 $ 30,000
Tazewell, Virginia 2 $ 62,000 $ 31,000 $ 62,000
Cabell, West Virginia 2 $ 89,000 $ 44,500 $ 27,000
Henry, Indiana 1 $ 77,000 $ 77,000 $ 36,000
Kosciusko, Indiana 1 $ 11,000 $ 11,000 $ 37,000
Lake, Indiana 1 $ 11,000 $ 11,000 $ 19,000
Union, Indiana 1 $ 78,000 $ 78,000 $ 52,000
Boyd, Kentucky 1 $ 40,000 $ 40,000 $ 17,000
Breathitt, Kentucky 1 $ 53,000 $ 53,000 $ 35,000
Green, Kentucky 1 $ 33,000 $ 33,000 $ 43,000
Jefferson, Kentucky 1 $ 32,000 $ 32,000 $ 21,000
Laurel, Kentucky 1 $ 84,000 $ 84,000 $ 68,000
Lee, Kentucky 1 $ 43,000 $ 43,000 $ 38,000
Letcher, Kentucky 1 $ 32,000 $ 32,000 $ 92,000
McCreary, Kentucky 1 $ 39,000 $ 39,000 $ 41,000
Pike, Kentucky 1 $ 88,000 $ 88,000 $ 97,000
Rowan, Kentucky 1 $ 35,000 $ 35,000 $ 47,000
Whitley, Kentucky 1 $ 38,000 $ 38,000 $ 21,000
Oxford, Maine 1 $ 6,000 $ 6,000 $ 16,000
Waldo, Maine 1 $ 62,000 $ 62,000 $ 34,000
Baltimore, Maryland 1 $ 45,000 $ 45,000 $ 43,000
Charles, Maryland 1 $ 59,000 $ 59,000 $ 57,000
Queen Anne's, Maryland 1 $ 28,000 $ 28,000 $ 35,000
Wicomico, Maryland 1 $ 94,000 $ 94,000 $ 31,000
Bay, Michigan 1 $ 20,000 $ 20,000 $ 35,000
Berrien, Michigan 1 $ 17,000 $ 17,000 $ 42,000
Macomb, Michigan 1 $ 8,000 $ 8,000 $ 44,000
Mecosta, Michigan 1 $ 16,000 $ 16,000 $ 27,000
Monroe, Michigan 1 $ 25,000 $ 25,000 $ 44,000
Oakland, Michigan 1 $ 8,000 $ 8,000 $ 26,000
Saginaw, Michigan 1 $ 7,000 $ 7,000 $ 20,000
Washtenaw, Michigan 1 $ 15,000 $ 15,000 $ 60,000
Coos, New Hampshire 1 $ 174,000 $ 174,000 $ 74,000
Strafford, New Hampshire 1 $ 50,000 $ 50,000 $ 37,000
Camden, New Jersey 1 $ 49,000 $ 49,000 $ 48,000
Gloucester, New Jersey 1 $ 22,000 $ 22,000 $ 86,000
Monmouth, New Jersey 1 $ 650,000 $ 650,000 $ 508,000
Passaic, New Jersey 1 $ 368,000 $ 368,000 $ 84,000
Allegany, New York 1 $ 53,000 $ 53,000 $ 40,000
Cattaraugus, New York 1 $ 17,000 $ 17,000 $ 30,000
Delaware, New York 1 $ 51,000 $ 51,000 $ 68,000
Essex, New York 1 $ 156,000 $ 156,000 $ 56,000
Livingston, New York 1 $ 12,000 $ 12,000 $ 36,000
Oneida, New York 1 $ 79,000 $ 79,000 $ 66,000
Otsego, New York 1 $ 52,000 $ 52,000 $ 33,000
Tioga, New York 1 $ 80,000 $ 80,000 $ 56,000
Warren, New York 1 $ 27,000 $ 27,000 $ 33,000
Adams, Ohio 1 $ 22,000 $ 22,000 $ 27,000
Carroll, Ohio 1 $ 40,000 $ 40,000 $ 44,000
Coshocton, Ohio 1 $ 86,000 $ 86,000 $ 29,000
Cuyahoga, Ohio 1 $ 26,000 $ 26,000 $ 27,000
Franklin, Ohio 1 $ 27,000 $ 27,000 $ 22,000
Fulton, Ohio 1 $ 35,000 $ 35,000 $ 20,000
Hancock, Ohio 1 $ 11,000 $ 11,000 $ 23,000
Henry, Ohio 1 $ 13,000 $ 13,000 $ 24,000
Highland, Ohio 1 $ 18,000 $ 18,000 $ 43,000
Hocking, Ohio 1 $ 37,000 $ 37,000 $ 35,000
Huron, Ohio 1 $ 23,000 $ 23,000 $ 18,000
Jackson, Ohio 1 $ 19,000 $ 19,000 $ 69,000
Licking, Ohio 1 $ 15,000 $ 15,000 $ 14,000
Lucas, Ohio 1 $ 8,000 $ 8,000 $ 29,000
Mahoning, Ohio 1 $ 105,000 $ 105,000 $ 53,000
Marion, Ohio 1 $ 8,000 $ 8,000 $ 13,000
Meigs, Ohio 1 $ 39,000 $ 39,000 $ 46,000
Morrow, Ohio 1 $ 54,000 $ 54,000 $ 36,000
Muskingum, Ohio 1 $ 18,000 $ 18,000 $ 65,000
Ottawa, Ohio 1 $ 71,000 $ 71,000 $ 87,000
Perry, Ohio 1 $ 23,000 $ 23,000 $ 17,000
Pickaway, Ohio 1 $ 7,000 $ 7,000 $ 42,000
Portage, Ohio 1 $ 153,000 $ 153,000 $ 44,000
Scioto, Ohio 1 $ 16,000 $ 16,000 $ 17,000
Summit, Ohio 1 $ 80,000 $ 80,000 $ 45,000
Allegheny, Pennsylvania 1 $ 40,000 $ 40,000 $ 28,000
Armstrong, Pennsylvania 1 $ 62,000 $ 62,000 $ 39,000
Beaver, Pennsylvania 1 $ 123,000 $ 123,000 $ 67,000
Blair, Pennsylvania 1 $ 162,000 $ 162,000 $ 57,000
Butler, Pennsylvania 1 $ 30,000 $ 30,000 $ 31,000
Crawford, Pennsylvania 1 $ 33,000 $ 33,000 $ 51,000
Delaware, Pennsylvania 1 $ 120,000 $ 120,000 $ 98,000
Erie, Pennsylvania 1 $ 9,000 $ 9,000 $ 37,000
Fayette, Pennsylvania 1 $ 18,000 $ 18,000 $ 31,000
Lycoming, Pennsylvania 1 $ 35,000 $ 35,000 $ 44,000
Snyder, Pennsylvania 1 $ 26,000 $ 26,000 $ 37,000
Somerset, Pennsylvania 1 $ 119,000 $ 119,000 $ 35,000
Susquehanna, Pennsylvania 1 $ 39,000 $ 39,000 $ 25,000
Washington, Pennsylvania 1 $ 80,000 $ 80,000 $ 50,000
Wayne, Pennsylvania 1 $ 50,000 $ 50,000 $ 91,000
Addison, Vermont 1 $ 104,000 $ 104,000 $ 24,000
Chittenden, Vermont 1 $ 37,000 $ 37,000 $ 61,000
Windsor, Vermont 1 $ 45,000 $ 45,000 $ 53,000
Accomack, Virginia 1 $ 123,000 $ 123,000 $ 79,000
Augusta, Virginia 1 $ 73,000 $ 73,000 $ 32,000
Bland, Virginia 1 $ 101,000 $ 101,000 $ 38,000
Botetourt, Virginia 1 $ 56,000 $ 56,000 $ 67,000
Clarke, Virginia 1 $ 26,000 $ 26,000 $ 20,000
Dinwiddie, Virginia 1 $ 49,000 $ 49,000 $ 49,000
Frederick, Virginia 1 $ 21,000 $ 21,000 $ 27,000
Nelson, Virginia 1 $ 43,000 $ 43,000 $ 46,000
Spotsylvania, Virginia 1 $ 27,000 $ 27,000 $ 37,000
Stafford, Virginia 1 $ 51,000 $ 51,000 $ 131,000
Washington, Virginia 1 $ 53,000 $ 53,000 $ 34,000
Wise, Virginia 1 $ 29,000 $ 29,000 $ 39,000
Barbour, West Virginia 1 $ 70,000 $ 70,000 $ 54,000
Boone, West Virginia 1 $ 35,000 $ 35,000 $ 83,000
Harrison, West Virginia 1 $ 33,000 $ 33,000 $ 40,000
Kanawha, West Virginia 1 $ 40,000 $ 40,000 $ 61,000
Mason, West Virginia 1 $ 39,000 $ 39,000 $ 30,000
Mercer, West Virginia 1 $ 46,000 $ 46,000 $ 36,000
Mingo, West Virginia 1 $ 54,000 $ 54,000 $ 51,000
Wood, West Virginia 1 $ 16,000 $ 16,000 $ 25,000
Wyoming, West Virginia 1 $ 34,000 $ 34,000 $ 28,000

Mortgage Loan Application Detail Totals for Continental Bank in 2007

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 Purchase 224 $32,222,000 $143,000 $3,800,000 $74,000 $1,160,000
Refinancing 32 $12,713,000 $397,000 $3,150,000 $258,000 $1,776,000
Home Improvement 13 $605,000 $46,000 $200,000 $63,000 $107,000

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 247 $38,893,000 $157,000 $3,800,000 $92,000 $1,776,000
Black or African American 11 $578,000 $52,000 $123,000 $42,000 $79,000
Hispanic 6 $619,000 $103,000 $368,000 $52,000 $84,000
Not applicable 2 $5,400,000 $2,700,000 $3,150,000 $909,000 $1,264,000
Not Provided 2 $27,000 $13,000 $22,000 $109,000 $112,000
Native Hawaiian or Other Pacific Islander 1 $23,000 $23,000 $23,000 $56,000 $56,000
American Indian or Alaskan Native 0 $0 $0 $0 $0 $0
Asian 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) 269 $45,540,000 $169,000 $3,800,000 $95,000 $1,776,000
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
Loan Purchased By The Institution 231 $42,317,000 $183,000 $3,800,000 $98,000 $1,776,000
Loan Originated 28 $1,927,000 $68,000 $575,000 $72,000 $220,000
Application Denied By Financial Institution 8 $959,000 $119,000 $368,000 $67,000 $112,000
Application Withdrawn By Applicant 1 $120,000 $120,000 $120,000 $98,000 $98,000
Application Approved But Not Accepted 1 $217,000 $217,000 $217,000 $252,000 $252,000
File Closed For Incompleteness 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 5 $627,000 $125,000 $368,000 $72,000 $112,000
Collateral 2 $327,000 $163,000 $287,000 $68,000 $96,000
Credit History 1 $5,000 $5,000 $5,000 $37,000 $37,000
Credit Application Incomplete 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 Continental Bank's 2007 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 Continental 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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