Dr Bank Mortgage Lending & HMDA Data, 2018
In 2018, Dr Bank of Darien, CT reported 116 mortgage applications totaling $56.6 million, up 68% from 2017. The average application was for $487,500, and applicants reported an average income of $220,344. 68% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Bridgeport-Stamford-Norwalk, CT (28), New York-Jersey City-White Plains, NY-NJ (21) and Hartford-West Hartford-East Hartford, CT (4) (applications in parentheses).
| Mortgage Company & Address | Dr Bank 1001 Post Road Darien, CT 06820 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 |
| Total Number of Mortgage Applications | 116 |
| Total Mortgage Loan Application Amount | $56,550,000 |
| Average Mortgage Loan Application Amount | $487,500 |
| Highest Mortgage Loan Application Amount | $3,365,000 |
| Average Applicant Income | $220,344 |
| Highest Applicant Income | $1,400,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Dr Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fairfield, Connecticut | 28 | $ 17,840,000 | $ 637,142 | $ 250,000 |
| Westchester, New York | 16 | $ 9,880,000 | $ 617,500 | $ 273,000 |
| Hartford, Connecticut | 4 | $ 1,230,000 | $ 307,500 | $ 209,000 |
| San Diego, California | 3 | $ 1,655,000 | $ 551,666 | $ 170,000 |
| New Haven, Connecticut | 3 | $ 2,605,000 | $ 868,333 | $ 0 |
| Harris, Texas | 3 | $ 875,000 | $ 291,666 | $ 141,000 |
| Madison, Alabama | 2 | $ 260,000 | $ 130,000 | $ 62,000 |
| Los Angeles, California | 2 | $ 1,180,000 | $ 590,000 | $ 291,000 |
| New London, Connecticut | 2 | $ 880,000 | $ 440,000 | $ 147,000 |
| Chatham, Georgia | 2 | $ 690,000 | $ 345,000 | $ 150,000 |
| Orleans, Louisiana | 2 | $ 790,000 | $ 395,000 | $ 331,000 |
| Bronx, New York | 2 | $ 870,000 | $ 435,000 | $ 198,000 |
| Ulster, New York | 2 | $ 500,000 | $ 250,000 | $ 158,000 |
| Lehigh, Pennsylvania | 2 | $ 390,000 | $ 195,000 | $ 140,000 |
| Montgomery, Pennsylvania | 2 | $ 810,000 | $ 405,000 | $ 247,000 |
| Mobile, Alabama | 1 | $ 165,000 | $ 165,000 | $ 120,000 |
| Napa, California | 1 | $ 445,000 | $ 445,000 | $ 240,000 |
| Orange, California | 1 | $ 675,000 | $ 675,000 | $ 279,000 |
| Sacramento, California | 1 | $ 195,000 | $ 195,000 | $ 330,000 |
| Miami-Dade, Florida | 1 | $ 95,000 | $ 95,000 | $ 47,000 |
| Palm Beach, Florida | 1 | $ 405,000 | $ 405,000 | $ 150,000 |
| Cook, Illinois | 1 | $ 565,000 | $ 565,000 | $ 232,000 |
| Marion, Indiana | 1 | $ 255,000 | $ 255,000 | $ 117,000 |
| Cumberland, Maine | 1 | $ 185,000 | $ 185,000 | $ 54,000 |
| Penobscot, Maine | 1 | $ 145,000 | $ 145,000 | $ 239,000 |
| Prince George's, Maryland | 1 | $ 225,000 | $ 225,000 | $ 498,000 |
| Hennepin, Minnesota | 1 | $ 165,000 | $ 165,000 | $ 93,000 |
| Lafayette, Mississippi | 1 | $ 335,000 | $ 335,000 | $ 182,000 |
| St. Louis, Missouri | 1 | $ 295,000 | $ 295,000 | $ 192,000 |
| Monmouth, New Jersey | 1 | $ 345,000 | $ 345,000 | $ 184,000 |
| Union, New Jersey | 1 | $ 445,000 | $ 445,000 | $ 120,000 |
| Delaware, New York | 1 | $ 285,000 | $ 285,000 | $ 310,000 |
| Dutchess, New York | 1 | $ 285,000 | $ 285,000 | $ 76,000 |
| Nassau, New York | 1 | $ 285,000 | $ 285,000 | $ 139,000 |
| Onondaga, New York | 1 | $ 215,000 | $ 215,000 | $ 202,000 |
| Putnam, New York | 1 | $ 805,000 | $ 805,000 | $ 0 |
| Queens, New York | 1 | $ 325,000 | $ 325,000 | $ 135,000 |
| Richmond, New York | 1 | $ 445,000 | $ 445,000 | $ 243,000 |
| Currituck, North Carolina | 1 | $ 395,000 | $ 395,000 | $ 195,000 |
| Mecklenburg, North Carolina | 1 | $ 885,000 | $ 885,000 | $ 412,000 |
| Licking, Ohio | 1 | $ 275,000 | $ 275,000 | $ 365,000 |
| Tulsa, Oklahoma | 1 | $ 395,000 | $ 395,000 | $ 393,000 |
| Allegheny, Pennsylvania | 1 | $ 165,000 | $ 165,000 | $ 182,000 |
| Chester, Pennsylvania | 1 | $ 365,000 | $ 365,000 | $ 250,000 |
| Charleston, South Carolina | 1 | $ 3,365,000 | $ 3,365,000 | $ 1,200,000 |
| Greenville, South Carolina | 1 | $ 55,000 | $ 55,000 | $ 33,000 |
| Davidson, Tennessee | 1 | $ 255,000 | $ 255,000 | $ 163,000 |
| DeKalb, Tennessee | 1 | $ 65,000 | $ 65,000 | $ 129,000 |
| Bexar, Texas | 1 | $ 155,000 | $ 155,000 | $ 92,000 |
| Collin, Texas | 1 | $ 305,000 | $ 305,000 | $ 120,000 |
| Dallas, Texas | 1 | $ 365,000 | $ 365,000 | $ 451,000 |
| Fort Bend, Texas | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Presidio, Texas | 1 | $ 75,000 | $ 75,000 | $ 69,000 |
| Tarrant, Texas | 1 | $ 305,000 | $ 305,000 | $ 138,000 |
| Thurston, Washington | 1 | $ 425,000 | $ 425,000 | $ 175,000 |
| Wood, West Virginia | 1 | $ 315,000 | $ 315,000 | $ 229,000 |
Mortgage Loan Application Detail Totals for Dr Bank in 2018
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 | 70 | $36,290,000 | $518,000 | $3,365,000 | $214,000 | $1,200,000 |
| Refinancing | 25 | $10,895,000 | $435,000 | $1,495,000 | $259,000 | $1,400,000 |
| Cash-out Refinancing | 15 | $7,525,000 | $501,000 | $1,175,000 | $225,000 | $500,000 |
| Not Applicable | 3 | $645,000 | $215,000 | $295,000 | $70,000 | $83,000 |
| Home Improvement | 2 | $830,000 | $415,000 | $505,000 | $135,000 | $135,000 |
| Other Purpose | 1 | $365,000 | $365,000 | $365,000 | $250,000 | $250,000 |
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 | 62 | $30,910,000 | $498,000 | $3,365,000 | $244,000 | $1,400,000 |
| Not applicable | 21 | $14,115,000 | $672,000 | $2,105,000 | $92,000 | $136,000 |
| Not Provided | 17 | $5,185,000 | $305,000 | $675,000 | $198,000 | $498,000 |
| Asian | 8 | $3,880,000 | $485,000 | $795,000 | $261,000 | $451,000 |
| Hispanic | 7 | $2,135,000 | $305,000 | $445,000 | $145,000 | $330,000 |
| Black or African American | 1 | $325,000 | $325,000 | $325,000 | $135,000 | $135,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 116 | $56,550,000 | $487,000 | $3,365,000 | $222,000 | $1,400,000 |
| 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 Originated | 79 | $40,235,000 | $509,000 | $3,365,000 | $232,000 | $1,400,000 |
| Application Withdrawn By Applicant | 17 | $7,765,000 | $456,000 | $1,175,000 | $255,000 | $498,000 |
| Application Denied By Financial Institution | 9 | $3,505,000 | $389,000 | $1,015,000 | $137,000 | $330,000 |
| Loan Purchased By The Institution | 5 | $1,185,000 | $237,000 | $325,000 | $92,000 | $136,000 |
| Application Approved But Not Accepted | 3 | $2,045,000 | $681,000 | $885,000 | $266,000 | $412,000 |
| File Closed For Incompleteness | 3 | $1,815,000 | $605,000 | $1,005,000 | $258,000 | $266,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 107 | $53,045,000 | $495,000 | $3,365,000 | $230,000 | $1,400,000 |
| Collateral | 4 | $910,000 | $227,000 | $425,000 | $141,000 | $255,000 |
| Debt-To-Income Ratio | 2 | $1,360,000 | $680,000 | $1,015,000 | $92,000 | $185,000 |
| Employment History | 1 | $795,000 | $795,000 | $795,000 | $330,000 | $330,000 |
| Credit Application Incomplete | 1 | $235,000 | $235,000 | $235,000 | $100,000 | $100,000 |
| Credit History | 1 | $205,000 | $205,000 | $205,000 | $55,000 | $55,000 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 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 Dr Bank's 2018 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 Dr 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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