Cross River Mortgage Lending & HMDA Data, 2013
In 2013, Cross River of Fort Lee, NJ reported 358 mortgage applications totaling $147.9 million, down 8% from 2012. The average application was for $413,136, and applicants reported an average income of $173,712. 62% of its applications resulted in an originated loan and 15% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (263), Edison-New Brunswick, NJ (29) and Nassau-Suffolk, NY (22) (applications in parentheses).
| Mortgage Company & Address | Cross River 400 Kelby Street, 14th Floor Fort Lee, NJ 07024 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 358 |
| Total Mortgage Loan Application Amount | $147,903,000 |
| Average Mortgage Loan Application Amount | $413,136 |
| Highest Mortgage Loan Application Amount | $3,700,000 |
| Average Applicant Income | $173,712 |
| Highest Applicant Income | $1,834,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Cross River filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Bergen, New Jersey | 102 | $ 36,615,000 | $ 358,970 | $ 157,000 |
| Kings, New York | 78 | $ 44,545,000 | $ 571,089 | $ 211,000 |
| New York, New York | 27 | $ 15,917,000 | $ 589,518 | $ 206,000 |
| Nassau, New York | 21 | $ 8,145,000 | $ 387,857 | $ 166,000 |
| Ocean, New Jersey | 19 | $ 5,812,000 | $ 305,894 | $ 150,000 |
| Rockland, New York | 15 | $ 6,025,000 | $ 401,666 | $ 235,000 |
| Queens, New York | 13 | $ 5,404,000 | $ 415,692 | $ 145,000 |
| Bronx, New York | 9 | $ 3,173,000 | $ 352,555 | $ 55,000 |
| Essex, New Jersey | 7 | $ 2,403,000 | $ 343,285 | $ 84,000 |
| Westchester, New York | 6 | $ 2,223,000 | $ 370,500 | $ 74,000 |
| Hudson, New Jersey | 5 | $ 1,250,000 | $ 250,000 | $ 107,000 |
| Middlesex, New Jersey | 5 | $ 1,469,000 | $ 293,800 | $ 152,000 |
| Morris, New Jersey | 5 | $ 1,535,000 | $ 307,000 | $ 222,000 |
| Passaic, New Jersey | 5 | $ 1,591,000 | $ 318,200 | $ 178,000 |
| Fairfield, Connecticut | 4 | $ 1,362,000 | $ 340,500 | $ 127,000 |
| Monmouth, New Jersey | 4 | $ 1,593,000 | $ 398,250 | $ 239,000 |
| Union, New Jersey | 3 | $ 1,256,000 | $ 418,666 | $ 203,000 |
| Richmond, New York | 3 | $ 856,000 | $ 285,333 | $ 68,000 |
| Hartford, Connecticut | 2 | $ 440,000 | $ 220,000 | $ 77,000 |
| New Haven, Connecticut | 2 | $ 311,000 | $ 155,500 | $ 75,000 |
| Montgomery, Maryland | 2 | $ 303,000 | $ 151,500 | $ 66,000 |
| Sullivan, New York | 2 | $ 597,000 | $ 298,500 | $ 949,000 |
| San Diego, California | 1 | $ 370,000 | $ 370,000 | $ 112,000 |
| San Mateo, California | 1 | $ 607,000 | $ 607,000 | $ 216,000 |
| District of Columbia, District Of Columbia | 1 | $ 260,000 | $ 260,000 | $ 83,000 |
| Charlotte, Florida | 1 | $ 175,000 | $ 175,000 | $ 131,000 |
| Macomb, Michigan | 1 | $ 293,000 | $ 293,000 | $ 180,000 |
| Burlington, New Jersey | 1 | $ 407,000 | $ 407,000 | $ 191,000 |
| Gloucester, New Jersey | 1 | $ 217,000 | $ 217,000 | $ 137,000 |
| Hunterdon, New Jersey | 1 | $ 230,000 | $ 230,000 | $ 101,000 |
| Somerset, New Jersey | 1 | $ 220,000 | $ 220,000 | $ 338,000 |
| Suffolk, New York | 1 | $ 260,000 | $ 260,000 | $ 89,000 |
| Iredell, North Carolina | 1 | $ 220,000 | $ 220,000 | $ 90,000 |
| Lackawanna, Pennsylvania | 1 | $ 148,000 | $ 148,000 | $ 141,000 |
| Providence, Rhode Island | 1 | $ 198,000 | $ 198,000 | $ 175,000 |
| Washington, Rhode Island | 1 | $ 220,000 | $ 220,000 | $ 82,000 |
| Brazoria, Texas | 1 | $ 278,000 | $ 278,000 | $ 462,000 |
| Alexandria, Virginia | 1 | $ 226,000 | $ 226,000 | $ 137,000 |
| Newport News, Virginia | 1 | $ 163,000 | $ 163,000 | $ 68,000 |
| Norfolk, Virginia | 1 | $ 284,000 | $ 284,000 | $ 60,000 |
| King, Washington | 1 | $ 302,000 | $ 302,000 | $ 96,000 |
Mortgage Loan Application Detail Totals for Cross River in 2013
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 | 192 | $78,886,000 | $410,000 | $2,100,000 | $152,000 | $1,733,000 |
| Refinancing | 161 | $63,617,000 | $395,000 | $3,700,000 | $205,000 | $1,834,000 |
| Home Improvement | 5 | $5,400,000 | $1,080,000 | $3,500,000 | $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 | 252 | $95,036,000 | $377,000 | $1,300,000 | $220,000 | $1,834,000 |
| Not applicable | 48 | $35,003,000 | $729,000 | $3,700,000 | $0 | $0 |
| Asian | 20 | $6,510,000 | $325,000 | $968,000 | $130,000 | $360,000 |
| Black or African American | 20 | $5,584,000 | $279,000 | $520,000 | $79,000 | $207,000 |
| Hispanic | 16 | $4,838,000 | $302,000 | $600,000 | $150,000 | $575,000 |
| Not Provided | 2 | $932,000 | $466,000 | $780,000 | $48,000 | $97,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 340 | $141,048,000 | $414,000 | $3,700,000 | $176,000 | $1,834,000 |
| FHA-insured (Federal Housing Administration) | 18 | $6,855,000 | $380,000 | $971,000 | $132,000 | $409,000 |
| 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 | 222 | $81,775,000 | $368,000 | $1,400,000 | $156,000 | $1,733,000 |
| Application Denied By Financial Institution | 53 | $31,613,000 | $596,000 | $3,700,000 | $53,000 | $216,000 |
| File Closed For Incompleteness | 41 | $19,732,000 | $481,000 | $968,000 | $469,000 | $1,834,000 |
| Application Approved But Not Accepted | 25 | $9,280,000 | $371,000 | $750,000 | $91,000 | $575,000 |
| Application Withdrawn By Applicant | 17 | $5,503,000 | $323,000 | $625,000 | $178,000 | $338,000 |
| Loan Purchased By The Institution | 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 |
|---|---|---|---|---|---|---|
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $450,000 | $450,000 | $450,000 | $216,000 | $216,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Cross River's 2013 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 Cross River'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 Jersey, download the full spreadsheet
with aggregated HMDA statistics today.
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