The Dime Savings Bank of Willi Mortgage Lending & HMDA Data, 2009
In 2009, The Dime Savings Bank of Willi of Brooklyn, NY reported 450 mortgage applications totaling $499.8 million, down 26% from 2008. The average application was for $1,110,668, and applicants reported an average income of $62,173. 54% of its applications resulted in an originated loan and 10% were denied. Its largest markets were New York-White Plains-Wayne, NY-NJ (323), Nassau-Suffolk, NY (103) and Newark-Union, NJ-PA (11) (applications in parentheses).
| Mortgage Company & Address | The Dime Savings Bank of Willi 209 Havemeyer Street Brooklyn, NY 11211 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 | 450 |
| Total Mortgage Loan Application Amount | $499,801,000 |
| Average Mortgage Loan Application Amount | $1,110,668 |
| Highest Mortgage Loan Application Amount | $10,850,000 |
| Average Applicant Income | $62,173 |
| Highest Applicant Income | $2,595,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Dime Savings Bank of Willi filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| New York-White Plains-Wayne, NY-NJ | 323 | $ 451,442,000 | $ 1,397,653 | $ 53,334 |
| Nassau-Suffolk, NY | 103 | $ 30,736,000 | $ 298,407 | $ 97,000 |
| Newark-Union, NJ-PA | 11 | $ 10,543,000 | $ 958,454 | $ 0 |
| Bridgeport-Stamford-Norwalk, CT | 2 | $ 660,000 | $ 330,000 | $ 111,000 |
| Camden, NJ | 1 | $ 4,646,000 | $ 4,646,000 | $ 0 |
| Edison-New Brunswick, NJ | 1 | $ 417,000 | $ 417,000 | $ 112,000 |
| Kingston, NY | 1 | $ 257,000 | $ 257,000 | $ 115,000 |
| Norwich-New London, CT | 1 | $ 175,000 | $ 175,000 | $ 49,000 |
| Poughkeepsie-Newburgh-Middletown, NY | 1 | $ 228,000 | $ 228,000 | $ 71,000 |
| Rochester, NY | 1 | $ 60,000 | $ 60,000 | $ 60,000 |
| Trenton-Ewing, NJ | 1 | $ 187,000 | $ 187,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Dime Savings Bank of Willi in 2009
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 | 363 | $450,636,000 | $1,241,000 | $10,182,000 | $51,000 | $450,000 |
| Home Purchase | 81 | $47,508,000 | $586,000 | $10,850,000 | $109,000 | $2,595,000 |
| Home Improvement | 6 | $1,657,000 | $276,000 | $417,000 | $106,000 | $175,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 191 | $436,200,000 | $2,283,000 | $10,850,000 | $0 | $0 |
| White | 125 | $30,652,000 | $245,000 | $1,125,000 | $107,000 | $325,000 |
| Not Provided | 91 | $22,835,000 | $250,000 | $865,000 | $123,000 | $2,595,000 |
| Asian | 17 | $4,587,000 | $269,000 | $448,000 | $105,000 | $175,000 |
| Hispanic | 17 | $2,966,000 | $174,000 | $417,000 | $75,000 | $155,000 |
| Black or African American | 9 | $2,561,000 | $284,000 | $530,000 | $75,000 | $120,000 |
| 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) | 450 | $499,801,000 | $1,110,000 | $10,850,000 | $62,000 | $2,595,000 |
| 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 | 242 | $385,728,000 | $1,593,000 | $10,850,000 | $43,000 | $2,595,000 |
| Application Approved But Not Accepted | 118 | $30,434,000 | $257,000 | $1,200,000 | $106,000 | $450,000 |
| Application Denied By Financial Institution | 46 | $13,816,000 | $300,000 | $1,400,000 | $89,000 | $306,000 |
| Loan Purchased By The Institution | 23 | $44,406,000 | $1,930,000 | $10,182,000 | $0 | $0 |
| Application Withdrawn By Applicant | 14 | $24,370,000 | $1,740,000 | $8,800,000 | $55,000 | $155,000 |
| Preapproval Approved but not Accepted | 4 | $450,000 | $112,000 | $200,000 | $48,000 | $79,000 |
| File Closed For Incompleteness | 3 | $597,000 | $199,000 | $400,000 | $80,000 | $160,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 15 | $3,746,000 | $249,000 | $569,000 | $90,000 | $198,000 |
| Debt-To-Income Ratio | 14 | $3,184,000 | $227,000 | $530,000 | $60,000 | $104,000 |
| Credit Application Incomplete | 5 | $1,448,000 | $289,000 | $417,000 | $99,000 | $150,000 |
| Unverifiable Information | 4 | $1,246,000 | $311,000 | $417,000 | $165,000 | $306,000 |
| Other | 3 | $502,000 | $167,000 | $338,000 | $136,000 | $208,000 |
| Credit History | 3 | $2,925,000 | $975,000 | $1,400,000 | $30,000 | $90,000 |
| Employment History | 1 | $331,000 | $331,000 | $331,000 | $130,000 | $130,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $434,000 | $434,000 | $434,000 | $108,000 | $108,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Dime Savings Bank of Willi's 2009 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 The Dime Savings Bank of Willi'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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