Essa Bank & Trust Mortgage Lending & HMDA Data, 2010
In 2010, Essa Bank & Trust of Stroudsburg, PA reported 1,380 mortgage applications totaling $201.0 million, up 11% from 2009. The average application was for $145,651, and applicants reported an average income of $99,067. 62% of its applications resulted in an originated loan and 21% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (223), Allentown-Bethlehem-Easton, PA-NJ (183) and Newark-Union, NJ-PA (121) (applications in parentheses).
| Mortgage Company & Address | Essa Bank & Trust 200 Palmer Street, Po Box L Stroudsburg, PA 18360 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 | 1,380 |
| Total Mortgage Loan Application Amount | $200,999,000 |
| Average Mortgage Loan Application Amount | $145,651 |
| Highest Mortgage Loan Application Amount | $801,000 |
| Average Applicant Income | $99,067 |
| Highest Applicant Income | $835,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Essa Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 Essa Bank & Trust in 2010
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 | 1,083 | $157,750,000 | $145,000 | $801,000 | $97,000 | $761,000 |
| Home Purchase | 261 | $41,963,000 | $160,000 | $750,000 | $110,000 | $835,000 |
| Home Improvement | 36 | $1,286,000 | $35,000 | $200,000 | $82,000 | $235,000 |
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 | 1,179 | $170,919,000 | $144,000 | $750,000 | $99,000 | $835,000 |
| Not Provided | 152 | $22,132,000 | $145,000 | $700,000 | $107,000 | $599,000 |
| Hispanic | 20 | $2,413,000 | $120,000 | $210,000 | $63,000 | $144,000 |
| Asian | 13 | $2,780,000 | $213,000 | $417,000 | $118,000 | $208,000 |
| Black or African American | 12 | $1,590,000 | $132,000 | $266,000 | $72,000 | $100,000 |
| Not applicable | 3 | $1,151,000 | $383,000 | $801,000 | $0 | $0 |
| American Indian or Alaskan Native | 1 | $14,000 | $14,000 | $14,000 | $70,000 | $70,000 |
| 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) | 1,380 | $200,999,000 | $145,000 | $801,000 | $99,000 | $835,000 |
| 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 | 852 | $117,759,000 | $138,000 | $750,000 | $107,000 | $835,000 |
| Application Denied By Financial Institution | 285 | $46,283,000 | $162,000 | $801,000 | $75,000 | $537,000 |
| File Closed For Incompleteness | 165 | $26,647,000 | $161,000 | $750,000 | $102,000 | $708,000 |
| Application Withdrawn By Applicant | 65 | $8,508,000 | $130,000 | $300,000 | $91,000 | $288,000 |
| Application Approved But Not Accepted | 13 | $1,802,000 | $138,000 | $285,000 | $127,000 | $463,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 147 | $23,241,000 | $158,000 | $450,000 | $57,000 | $248,000 |
| Collateral | 61 | $11,450,000 | $187,000 | $417,000 | $111,000 | $537,000 |
| Credit History | 44 | $6,229,000 | $141,000 | $360,000 | $82,000 | $245,000 |
| Other | 19 | $3,662,000 | $192,000 | $801,000 | $82,000 | $283,000 |
| Employment History | 5 | $567,000 | $113,000 | $190,000 | $59,000 | $108,000 |
| Mortgage Insurance Denied | 4 | $458,000 | $114,000 | $166,000 | $65,000 | $89,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $175,000 | $87,000 | $95,000 | $45,000 | $60,000 |
| Credit Application Incomplete | 2 | $496,000 | $248,000 | $296,000 | $164,000 | $201,000 |
| Unverifiable Information | 1 | $5,000 | $5,000 | $5,000 | $25,000 | $25,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Essa Bank & Trust's 2010 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 Essa Bank & Trust'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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