First Financial Equities, Inc. Mortgage Lending & HMDA Data, 2003

In 2003, First Financial Equities, Inc. of Teaneck, NJ reported 6,137 mortgage applications totaling $1.4 billion. The average application was for $233,878, and applicants reported an average income of $92,824. 75% of its applications resulted in an originated loan and 0% were denied. Its largest markets were New York, NY (2,100), Bergen-Passaic, NJ (1,261) and Monmouth-Ocean, NJ (897) (applications in parentheses).

Mortgage Company & Address First Financial Equities, Inc.
300 Frank Burr Blvd., 4th Fl East
Teaneck, NJ 07666
Tel #: available with data download
Federal Regulator * available with data download
Years 2005  2004  2003  
Total Number of Mortgage Applications 6,137
Total Mortgage Loan Application Amount $1,435,312,000
Average Mortgage Loan Application Amount $233,878
Highest Mortgage Loan Application Amount $9,000,000
Average Applicant Income $92,824
Highest Applicant Income $2,675,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records First Financial Equities, Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 First Financial Equities, Inc. by County in 2003

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 868 $ 220,972,000 $ 254,576 $ 121,000
Kings, New York 768 $ 216,405,000 $ 281,777 $ 96,000
Ocean, New Jersey 726 $ 129,916,000 $ 178,947 $ 97,000
Passaic, New Jersey 393 $ 72,773,000 $ 185,173 $ 74,000
Westchester, New York 385 $ 102,116,000 $ 265,236 $ 97,000
Rockland, New York 321 $ 71,975,000 $ 224,221 $ 91,000
Nassau, New York 258 $ 73,565,000 $ 285,135 $ 108,000
Queens, New York 241 $ 61,001,000 $ 253,116 $ 60,000
Monmouth, New Jersey 171 $ 40,870,000 $ 239,005 $ 127,000
Middlesex, New Jersey 169 $ 31,299,000 $ 185,201 $ 82,000
Essex, New Jersey 166 $ 44,326,000 $ 267,024 $ 130,000
Richmond, New York 150 $ 33,726,000 $ 224,840 $ 83,000
Union, New Jersey 131 $ 26,381,000 $ 201,381 $ 96,000
Bronx, New York 113 $ 25,049,000 $ 221,672 $ 81,000
New York, New York 91 $ 37,526,000 $ 412,373 $ 174,000
Fairfield, Connecticut 87 $ 28,469,000 $ 327,229 $ 151,000
Morris, New Jersey 85 $ 21,004,000 $ 247,105 $ 77,000
Suffolk, New York 84 $ 22,838,000 $ 271,880 $ 82,000
Hudson, New Jersey 67 $ 13,994,000 $ 208,865 $ 85,000
Mercer, New Jersey 57 $ 7,956,000 $ 139,578 $ 96,000
Orange, New York 57 $ 10,131,000 $ 177,736 $ 58,000
King, Washington 50 $ 10,803,000 $ 216,060 $ 81,000
Miami-Dade, Florida 42 $ 8,764,000 $ 208,666 $ 111,000
Somerset, New Jersey 38 $ 10,902,000 $ 286,894 $ 84,000
Sussex, New Jersey 37 $ 7,943,000 $ 214,675 $ 88,000
Putnam, New York 31 $ 6,306,000 $ 203,419 $ 91,000
Palm Beach, Florida 25 $ 3,855,000 $ 154,200 $ 111,000
New Haven, Connecticut 24 $ 3,963,000 $ 165,125 $ 66,000
Dutchess, New York 24 $ 5,012,000 $ 208,833 $ 77,000
Denver, Colorado 20 $ 3,674,000 $ 183,700 $ 57,000
Broward, Florida 17 $ 3,333,000 $ 196,058 $ 121,000
Sullivan, New York 14 $ 1,043,000 $ 74,500 $ 58,000
Burlington, New Jersey 13 $ 1,910,000 $ 146,923 $ 75,000
Camden, New Jersey 13 $ 1,725,000 $ 132,692 $ 110,000
Hunterdon, New Jersey 13 $ 2,815,000 $ 216,538 $ 53,000
Hartford, Connecticut 12 $ 1,548,000 $ 129,000 $ 105,000
Litchfield, Connecticut 12 $ 2,908,000 $ 242,333 $ 116,000
Orange, Florida 12 $ 1,538,000 $ 128,166 $ 56,000
Pinellas, Florida 12 $ 1,450,000 $ 120,833 $ 55,000
Middlesex, Massachusetts 11 $ 2,175,000 $ 197,727 $ 70,000
Philadelphia, Pennsylvania 11 $ 1,359,000 $ 123,545 $ 108,000
Baltimore, Maryland 10 $ 1,307,000 $ 130,700 $ 38,000
Ulster, New York 10 $ 2,103,000 $ 210,300 $ 47,000
Monroe, Pennsylvania 10 $ 1,510,000 $ 151,000 $ 62,000
Los Angeles, California 9 $ 4,518,000 $ 502,000 $ 184,000
Montgomery, Maryland 9 $ 2,015,000 $ 223,888 $ 90,000
Erie, New York 9 $ 513,000 $ 57,000 $ 69,000
New London, Connecticut 8 $ 1,861,000 $ 232,625 $ 131,000
Warren, New Jersey 8 $ 1,778,000 $ 222,250 $ 122,000
Monroe, New York 8 $ 1,336,000 $ 167,000 $ 60,000
Baltimore City, Maryland 7 $ 979,000 $ 139,857 $ 62,000
Bucks, Pennsylvania 7 $ 1,235,000 $ 176,428 $ 74,000
Lehigh, Pennsylvania 7 $ 546,000 $ 78,000 $ 28,000
Hillsborough, Florida 6 $ 512,000 $ 85,333 $ 28,000
Cape May, New Jersey 6 $ 1,675,000 $ 279,166 $ 60,000
Cumberland, New Jersey 6 $ 477,000 $ 79,500 $ 51,000
Gloucester, New Jersey 6 $ 812,000 $ 135,333 $ 66,000
Wayne, Pennsylvania 6 $ 883,000 $ 147,166 $ 75,000
Greene, New York 5 $ 352,000 $ 70,400 $ 34,000
Chester, Pennsylvania 5 $ 1,039,000 $ 207,800 $ 41,000
Snohomish, Washington 5 $ 1,045,000 $ 209,000 $ 78,000
Charlotte, Florida 4 $ 353,000 $ 88,250 $ 156,000
Atlantic, New Jersey 4 $ 691,000 $ 172,750 $ 93,000
Delaware, Pennsylvania 4 $ 749,000 $ 187,250 $ 106,000
Montgomery, Pennsylvania 4 $ 855,000 $ 213,750 $ 83,000
Alameda, California 3 $ 880,000 $ 293,333 $ 225,000
New Castle, Delaware 3 $ 588,000 $ 196,000 $ 122,000
Osceola, Florida 3 $ 238,000 $ 79,333 $ 84,000
DuPage, Illinois 3 $ 699,000 $ 233,000 $ 28,000
Salem, New Jersey 3 $ 442,000 $ 147,333 $ 32,000
Columbia, New York 3 $ 454,000 $ 151,333 $ 88,000
Rowan, North Carolina 3 $ 203,000 $ 67,666 $ 144,000
Allegheny, Pennsylvania 3 $ 221,000 $ 73,666 $ 122,000
Pike, Pennsylvania 3 $ 331,000 $ 110,333 $ 67,000
San Diego, California 2 $ 648,000 $ 324,000 $ 90,000
San Joaquin, California 2 $ 583,000 $ 291,500 $ 103,000
Jefferson, Colorado 2 $ 452,000 $ 226,000 $ 77,000
Middlesex, Connecticut 2 $ 1,143,000 $ 571,500 $ 308,000
Collier, Florida 2 $ 468,000 $ 234,000 $ 124,000
Highlands, Florida 2 $ 182,000 $ 91,000 $ 34,000
Manatee, Florida 2 $ 422,000 $ 211,000 $ 101,000
Martin, Florida 2 $ 408,000 $ 204,000 $ 73,000
Polk, Florida 2 $ 105,000 $ 52,500 $ 35,000
DeKalb, Georgia 2 $ 751,000 $ 375,500 $ 104,000
Lake, Illinois 2 $ 1,634,000 $ 817,000 $ 0
Prince George's, Maryland 2 $ 477,000 $ 238,500 $ 41,000
Barnstable, Massachusetts 2 $ 684,000 $ 342,000 $ 153,000
Hampden, Massachusetts 2 $ 435,000 $ 217,500 $ 77,000
Norfolk, Massachusetts 2 $ 505,000 $ 252,500 $ 46,000
Oakland, Michigan 2 $ 294,000 $ 147,000 $ 16,000
Delaware, New York 2 $ 300,000 $ 150,000 $ 185,000
Onondaga, New York 2 $ 215,000 $ 107,500 $ 47,000
Mecklenburg, North Carolina 2 $ 249,000 $ 124,500 $ 57,000
Berks, Pennsylvania 2 $ 431,000 $ 215,500 $ 0
Susquehanna, Pennsylvania 2 $ 181,000 $ 90,500 $ 67,000
Washington, Rhode Island 2 $ 317,000 $ 158,500 $ 39,000
Fairfax, Virginia 2 $ 580,000 $ 290,000 $ 131,000
Maricopa, Arizona 1 $ 300,000 $ 300,000 $ 0
Riverside, California 1 $ 140,000 $ 140,000 $ 58,000
Santa Barbara, California 1 $ 200,000 $ 200,000 $ 85,000
Arapahoe, Colorado 1 $ 174,000 $ 174,000 $ 120,000
Larimer, Colorado 1 $ 425,000 $ 425,000 $ 0
Phillips, Colorado 1 $ 114,000 $ 114,000 $ 379,000
Tolland, Connecticut 1 $ 255,000 $ 255,000 $ 120,000
Kent, Delaware 1 $ 175,000 $ 175,000 $ 96,000
Sussex, Delaware 1 $ 750,000 $ 750,000 $ 243,000
District of Columbia, District Of Columbia 1 $ 280,000 $ 280,000 $ 0
Brevard, Florida 1 $ 112,000 $ 112,000 $ 37,000
Escambia, Florida 1 $ 88,000 $ 88,000 $ 0
Hernando, Florida 1 $ 110,000 $ 110,000 $ 0
Indian River, Florida 1 $ 90,000 $ 90,000 $ 28,000
Marion, Florida 1 $ 589,000 $ 589,000 $ 136,000
Okaloosa, Florida 1 $ 322,000 $ 322,000 $ 132,000
Sarasota, Florida 1 $ 150,000 $ 150,000 $ 59,000
St. Lucie, Florida 1 $ 123,000 $ 123,000 $ 64,000
Volusia, Florida 1 $ 140,000 $ 140,000 $ 157,000
Walton, Florida 1 $ 114,000 $ 114,000 $ 57,000
Fulton, Georgia 1 $ 250,000 $ 250,000 $ 169,000
Cook, Illinois 1 $ 260,000 $ 260,000 $ 82,000
Kane, Illinois 1 $ 173,000 $ 173,000 $ 105,000
Penobscot, Maine 1 $ 196,000 $ 196,000 $ 428,000
York, Maine 1 $ 144,000 $ 144,000 $ 46,000
Frederick, Maryland 1 $ 196,000 $ 196,000 $ 0
Garrett, Maryland 1 $ 179,000 $ 179,000 $ 66,000
Harford, Maryland 1 $ 112,000 $ 112,000 $ 58,000
Howard, Maryland 1 $ 155,000 $ 155,000 $ 58,000
Berkshire, Massachusetts 1 $ 125,000 $ 125,000 $ 42,000
Bristol, Massachusetts 1 $ 204,000 $ 204,000 $ 0
Dukes, Massachusetts 1 $ 40,000 $ 40,000 $ 90,000
Essex, Massachusetts 1 $ 290,000 $ 290,000 $ 84,000
Plymouth, Massachusetts 1 $ 360,000 $ 360,000 $ 0
Suffolk, Massachusetts 1 $ 436,000 $ 436,000 $ 171,000
Wayne, Michigan 1 $ 128,000 $ 128,000 $ 46,000
Belknap, New Hampshire 1 $ 400,000 $ 400,000 $ 147,000
Broome, New York 1 $ 186,000 $ 186,000 $ 120,000
Chenango, New York 1 $ 147,000 $ 147,000 $ 0
Franklin, New York 1 $ 60,000 $ 60,000 $ 86,000
Herkimer, New York 1 $ 128,000 $ 128,000 $ 111,000
Oneida, New York 1 $ 60,000 $ 60,000 $ 18,000
Rensselaer, New York 1 $ 40,000 $ 40,000 $ 65,000
Saratoga, New York 1 $ 177,000 $ 177,000 $ 102,000
Schenectady, New York 1 $ 97,000 $ 97,000 $ 33,000
St. Lawrence, New York 1 $ 62,000 $ 62,000 $ 80,000
Steuben, New York 1 $ 93,000 $ 93,000 $ 60,000
Tioga, New York 1 $ 70,000 $ 70,000 $ 49,000
Warren, New York 1 $ 150,000 $ 150,000 $ 165,000
Washington, New York 1 $ 95,000 $ 95,000 $ 127,000
Craven, North Carolina 1 $ 67,000 $ 67,000 $ 106,000
Dare, North Carolina 1 $ 400,000 $ 400,000 $ 98,000
Edgecombe, North Carolina 1 $ 68,000 $ 68,000 $ 0
Guilford, North Carolina 1 $ 220,000 $ 220,000 $ 118,000
Nash, North Carolina 1 $ 90,000 $ 90,000 $ 120,000
Auglaize, Ohio 1 $ 185,000 $ 185,000 $ 0
Cuyahoga, Ohio 1 $ 5,000 $ 5,000 $ 39,000
Franklin, Ohio 1 $ 194,000 $ 194,000 $ 960,000
Hamilton, Ohio 1 $ 155,000 $ 155,000 $ 75,000
Dauphin, Pennsylvania 1 $ 128,000 $ 128,000 $ 200,000
Lackawanna, Pennsylvania 1 $ 55,000 $ 55,000 $ 311,000
Lancaster, Pennsylvania 1 $ 125,000 $ 125,000 $ 57,000
Luzerne, Pennsylvania 1 $ 48,000 $ 48,000 $ 0
Northampton, Pennsylvania 1 $ 153,000 $ 153,000 $ 111,000
York, Pennsylvania 1 $ 69,000 $ 69,000 $ 29,000
Kent, Rhode Island 1 $ 311,000 $ 311,000 $ 149,000
Aiken, South Carolina 1 $ 1,000,000 $ 1,000,000 $ 300,000
Barnwell, South Carolina 1 $ 180,000 $ 180,000 $ 78,000
Horry, South Carolina 1 $ 200,000 $ 200,000 $ 225,000
York, South Carolina 1 $ 208,000 $ 208,000 $ 63,000
Hamilton, Tennessee 1 $ 114,000 $ 114,000 $ 0
Knox, Tennessee 1 $ 177,000 $ 177,000 $ 2,000
Loudon, Tennessee 1 $ 158,000 $ 158,000 $ 0
Dallas, Texas 1 $ 155,000 $ 155,000 $ 36,000
Ellis, Texas 1 $ 150,000 $ 150,000 $ 96,000
Harris, Texas 1 $ 101,000 $ 101,000 $ 54,000
Chittenden, Vermont 1 $ 90,000 $ 90,000 $ 66,000
Fairfax City, Virginia 1 $ 240,000 $ 240,000 $ 85,000
Loudoun, Virginia 1 $ 228,000 $ 228,000 $ 0
Louisa, Virginia 1 $ 121,000 $ 121,000 $ 55,000
Pierce, Washington 1 $ 144,000 $ 144,000 $ 449,000
Whatcom, Washington 1 $ 127,000 $ 127,000 $ 75,000

Mortgage Loan Application Detail Totals for First Financial Equities, Inc. in 2003

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 (home purchase or home improvement, one-to-four family) 4,003 $942,625,000 $242,791 $9,000,000 $91,625 $2,675,000
Home Purchase (one-to-four family) 2,018 $478,269,000 $208,894 $2,535,000 $116,736 $1,283,000
Home Improvement (one-to-four family) 113 $13,358,000 $102,400 $750,000 $270,000 $1,637,000
Multifamily dwelling (home purchase, home improvement, and refinancings) 3 $1,060,000 $415,000 $600,000 $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 5,060 $1,179,463,000 $245,916 $2,535,000 $100,291 $2,675,000
Information not provided by applicant in mail or telephone application 432 $111,629,000 $220,375 $9,000,000 $95,562 $960,000
Hispanic 262 $53,126,000 $234,000 $1,000,000 $87,875 $1,056,000
Black 171 $37,117,000 $167,250 $1,200,000 $59,000 $600,000
Asian or Pacific Islander 156 $37,213,000 $232,250 $1,000,000 $111,125 $300,000
Other 48 $11,662,000 $186,000 $800,000 $165,000 $579,000
American Indian or Alaskan Native 8 $5,102,000 $637,500 $2,225,000 $170,000 $840,000
Not applicable 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) 6,077 $1,421,629,000 $232,500 $9,000,000 $96,038 $2,675,000
FHA-insured (Federal Housing Administration) 58 $13,413,000 $189,000 $484,000 $49,000 $114,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $50,000 $50,000 $50,000 $60,000 $60,000
VA-guaranteed (Veterans Administration) 1 $220,000 $220,000 $220,000 $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 4,573 $1,046,084,000 $225,545 $2,000,000 $116,500 $2,675,000
Application Withdrawn By Applicant 962 $246,070,000 $221,523 $9,000,000 $65,857 $900,000
File Closed For Incompleteness 578 $138,885,000 $254,312 $1,950,000 $119,812 $960,000
Application Denied By Financial Institution 17 $3,376,000 $198,000 $455,000 $71,000 $166,000
Application Approved But Not Accepted 7 $897,000 $121,666 $300,000 $69,000 $191,000
Loan Purchased By The 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
Unverifiable Information 10 $2,176,000 $219,000 $455,000 $71,500 $166,000
Other 3 $591,000 $189,000 $250,000 $76,000 $106,000
Collateral 3 $439,000 $141,000 $189,000 $113,500 $146,000
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
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 First Financial Equities, Inc.'s 2003 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 First Financial Equities, Inc.'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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